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Home My WebLink About1661 co~ . =....4~.Q..QQQ~.QO••-.......... ST0JIAT. no~a.. i~_~... FOR VlILU~ AECETVED. 2A~ YAd~riIQA1d, jOJAlIj aAd N~~iiUY. PAOMISE TO PJIY to fh~ oM~= ot ..ZOi~iA... L.A~[D...~1D...l;~RNSRBL...D$i~'SI+~?P.MEI~I'r.._~BP.O!ItATI~1......I~iG... - _.......-~'-'-'--~~...~U~...~RTX.. TAQ~13A~iQ. AND?...QA~1QA.-------------.-.-..:....~.-.._~~... DOLLARS, ..t... a! D~. A. ..............................................................................................o: sutb ot2«s plan as !h~ hold~r h~r~o! maT d~siyaat~ in wrttin~. lo~th~: with lnf~r~s! i~m dal~ at tM :ai~ oi...... T..... p~t c~atum p~r aanum on ih~ unpaid balane~ natA maturitx. Th~ said psiadpal aad int~r~st shaU b due aad parable as iollo~rs: in ~i~?e (5~ QCjUdl annual installmente of $88.000.00 of the principal plua intereet then due on the uap~id balance of the principal, on the ~a1? day of ench Bee~e~nbe: T beqinninq T_A_N~. _t~,, 197/, and cca~~{~t1~~4 until the principal and ~ intereat are fu21y pa~id. - The Maker may pay any part or all o! tha unpaid principal at any time before due without payment o! premium therelor. ]~11 prepaymsnts o! principal shall app~y to the next annual paymant lallinq du~. (corporata seal) „ It delault bs waa~ (or _30........ ia1~ is ti~~ partseat ol aer iastallstet oi orincip~ or {utenat er ae7 p~rt tlereot, tLe oho4 sns tlea remat~la~ . ue~aY vit? iotereat a6a11 at 6eliet'~ oPtha ?eeowe dw aed oayaslt ~itAout aotice. Failurti to e:ercise auc6 eptiea a?dl set coa:titute a vai~er ~t tM ri~\t lo e:ercia~ t1e aase is tM e~nt of sulseauent de(aul~ A(ter .sa~u~ier soih P.;nct~al ,.d ~c~we~ inhre~t aAaU bear iatc?est at._.. I•er aaaus uwtU Pald. T~s maken aad ewdor~ers e1 tAh ao4 lurther oaive dcwaa aotice ef POA- V~r ClAIYa maturitr and tAe same is P~ced ~rith ~a attxec~ t~r coUectioe. the toakers and endo~ rs hereot ~r°~~t and prote~t. If tAia aot~~is not ~W at cest~ aod reasoea64 attoraer fee~, as~ to par a,ll cost• e( coUectioe, includin~ aU coart . ovrnooR._xsso~r.s.--oF..~s~ca,._..ir~c. ................cS~L~ (',oA~~-~-f A Tenneseee Corporation, SfA I ........._....ISEALI - s... es ent AtteBt: _By~.. ~--'~-~~-~Qt ~~*~5~~ f~t cs~ru.~ ~ 3~ K, iTt" ...l3FALl its cretary and ahal! dulY. PrompUy aud fully perform, dischuge~ execute, etfect. rnmpletes, coipply wfth aad abids by each and avery the atipulatioas. agreements, conaitions and covenanta of esid promissory note and oi tt~s mortgage~ then this mortgage and the estate hereby created shall ceaae u?d be nulland void It is understood that each of the wonla, "aote," "mortgagoY' and "mortgagee" respecUvely and the pron- ouns referrin&. thereto. whether in the singular or plural snywhere in this mortgage, atull be sing~ilar K one od~r aad ahall be plural iointly and severaqy. it more thaa one. and ahall be maaculine. feminine and/or neuter~ wher• ever the oo~Lext ao impHes or admlts. • And aaid Mortgagor tor himseli and his heirs. legal repreaentaUves. aucceseors and ansigns, hereby covea. aats ana agrees W and with aaid Mortgagee~ his legal reprr.aentatlves. aucc~aeors and asaigns: 1• To Psp a11 +~ad ain8vlar the prlncipal and interest and We varlous and sundry sums oi mone~ yabie b~ virtue o! asid pm~miasory note, and this mortgage. each aad everY. Promptly on the days reapscitv tbe ~am~ severally beoome due, Z. To pay all and singular the ta:es. a~ssmenta. Ievies, HaDilities, oDUgaUons aad lncwnDrancxs oi ever~ nature and kjnd now on satd deacribed pmperty. and/or that hereatter may be imposed, suffered. placed, levied or saseaaed thenupon, and/or ihat hereatier maq be levied or asaesaed upon thia mortgage and/or We indebted- nras secured hereby. each and every. when due and payable according to law~ before they become deliaquen and before any intereat attaches or any penatty is incurred; sad in so far as any ihereot )s of neaord tbe same shall be pmmptly eatisfie4l and discharged of record and the original otficia! document (such as, for inatance. the taa receipt or the asUsfactiott paper oi[iclaUy endoreed or certified) shall be placed !n tf?e hands o! said MortgaSee wit6lr? Len days neat alter payment; and in the event Lhat any thereot is not eo paid. satisfied and dtacbarged. eaid Mortgagee may at any time pay the same or any part thereo[ without waiving or affecung any optibn, llen, equity or right under or by virtur. of this mortgage. and the full aiteount ot each and every such payment ahall be immediately due and payable and shall bear inlere~t irom the date thereof until paid at the rate ot tea per centum per annum and together with such interest ahall be secuted by Lhe tien of tt~ia mortgage. S. To plaoe artd continuoualy keep on the buildings now or herEatter situate on said land Hre and wtndstorm inaurance in the usual standard poifcy form, in a sum not less than i••• fn auch com- pany ur comp: nies as may be apprnved by said Mortgagee; and all such insurance policies on any o! said build- 1nSa. any interest therein or part thereof, in the a~gregate sum atoresald or in exce~a Wereof. shall contain the usual stsndard mortgagee ctauae making the ioxi under asid policlea. each and evtry. payable to aajd Mortga. 8ee as his interest may appear. and each and every such policy ahaU be promptiy deUvered to and held by aaid Mottgagee; and~ not lesa than ten dsys in advance of the expfration of each poHcy. to deliver to satd Mortgagee a renewal thereof. Logether wit~ a receipt for the premium of m~rh renewal• and there ahall be no euch inaur- ance placed on any ot said buifding day intereat therefn or part thereof. uNess in the form sod witl~ the los~1 payabie as aforesaid; and i6the e~ent any avm of money becomes payable vnder euch poUcq or poUcies said Nortgagee shall have the optlon to ceceive snd apply the same on account o! the indebtedness secated bereby or to permit safd Mortgagor to receive and uae it or any part thereot for other purposea withont thenb}? waiving or impalring any equity. Hen or rlght under or by virtue ot thia mortgage; and in the eveat said Mortgagar shall for any rea~on fail to keep the said premises so insured, or taU to dellver _promptiy anq oi said poIIcies ot inaurance to said Mortgagee, or tail promptly to pay lYiqy any premium therefor, or in any respect fs11 to per- torm. diacharge, execute, eflect, complete. comply with and ablde by thta covenant~ or any part hereM~ said Mortg- agce may place and paq for such inaurance or any part thereof without waiving or sffectiag anq opUon. Iten. eqnity or right under or by virtue of thia mortgage, and the t1~U aqnount of each end every such psyment ahaA ba immedistely due and payabie and aha0 bear lnterest irom the date thereoi untU pald at the nte of ten per centum per sauwp and together with such lntereat at~all be secured by the Hen oi thb mottgaqe. 4- Zb permft, cotnmit or auffer no weate. tmpairmeat or deLeriontlon ot safd propert~ or any part thereoG 6. To pay a11 and aingnlar the costa, ~c2~argea and expenxs, lneluding raas~naDle Lwyer'a teea and cost of abstta~eta ot title. lncurrecl or paid at any time by aaid Mortgagee because snd/or ta the sveat of the tatlurs aa the part ot the safd Mortgagor to duly~ pmmptly and fu11y pedorm, di~cMrge~ esecnte, eftect, oompleter oomply with and abide by cach and every the atlpulations, egteements. conditions at?d oovenanb oi eaid promb- wq? note, and thia mortgsge. any or elther, aad eald co~ta, cturga and espeaw, each aad every. ahall be lm- ~ mediatelq dus and P~aYable. wbether or not thera be notice, deanand. attempt to colkct or sWt peading: ~u?d tLs full amonnt ot each and every iucD psyment shall bear int~est lrom ths dst~ tDereo! unt71 pafd at the rate ot ten per centnm per aanum: and aU ssf4 oost~. charBea sM espea~es w incurred ~ paid. Wsether w?!th wcb !a- teraat, aba11 Ds ~ecured bp tbs lfen ot thls mortgsgs. BOOK~B~ PACE1659 ~:s~,~ : ~ ~ , r ~ - _ , ~ ~ ~:r ~ { - ~