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Home My WebLink About2526 _ ~ ~ 1 To Have and to Hold t~?e sa~ne, together with the te~aenae~tta, lteredita- ~ ~nents and apprcrtenances, unto the said .~Korf~a~ee in fee~sintple. And said Jkio~t3sa~or does co~enant rvith said .hfortga~ee that sdic~ .~ort~a~or , is indefea,sibly seized of sctid land in fee sim.ple; that the said .hfortg~r.~or has futl ' pou?er and lawfut right to convey said lunc~ in fee. simple as aforesaid; that it shall Le la~wfut for said .Mort~'agee at all times peace~c.bl~ and quietly to enter r~pon, hold, occupy and er~joy said land; that said land is free from all inct~ntbra-nees; tliat said Jl~ort~ag'nr will malce such further assr~rnnces to per fect the fee simple title to said l~ctnd in said JKortgae~ee as may reasonably be required; and that said .Mortga~or does hereby frclly wdrrant ~he ti~le to said land and witl alefend the same against the lczwful el,ceim,s of att persons whomsoever. Pi'OVl(~C(~ ~WayB~ that if said .1Kortga~or shalt pay unto the saic~ .hfortgagee the certctin promissory note, of which the folloiuing in words and figures is a true copy, to tuit: ~IIORTGAGE ND'TE ~83, 748. QO January i 5~ 1970 ~ . E? FT~R DAT~, FOR VALUE RCCEIVED, I pron~ise to pay .o the order of ANN L. KROHNE. ae Truatee, th~ sum of ~IGHTY THREE THOUSAND Sr:VEN HUNDRED F'ORTY EIGHT DOLLARS (~83, 748. 00), togeth~ar v~?ith intereat thereon from date at . th~ ~rat~ of SEVEN per cer~t. (?'f6) per annum. Said principal shall be.p~yable in fi~•e (5) e;ual annual installmeata of SIXTEEN THOUSAND SLVEN FIUNDRED FORTY. NIllE 4ND 60 j 100 D~LLAR.`~ (~i6, T49.60) each, and said interest shall be payable annually on the sau~e date as the principal paymetrts, said interest being calculater~ on the unpaid principal balance, with the first installn~ent of principal and interest being due on fhe l:ith day of 3a~:uary, 1971, and subse:~uent installmenLs ~n the 15th day ~of January in each of the follov?ing years until the eritire sum due hereunder has been fuli~ paid. Prepayn:ent in whole or in part r?ay be n-,ade rvithout p~nalty at any time after January 1, l 871. _ - This note shall he in default wlien any payment re:~uired to be inade hereunder shall nat he paid within thirty (30) days of its due date and shall remain in ciefault until said paytr,ent shall have been made. f All persons now or here.a.fter ~~ar~r~i;~~ parti~s hereto ~averally waive demand, notice of non-payn~.ent and pratest, and jof~itly and severally a~ree that in the event that any payrnent re~.;uired to be r:~c~e her~z:nder ~h,311 iiot be Fsi:1 within thfrty (3~) days of its due data, the entire re~T:3iniri~. balance shall thereup~n, at the option of the holder, become imn~ediately due ~nd Fayat3le, and if this note bocomes in default and is placed in the hands of an attorney for collection, to pa~ ra~sonable attarney fees for the collection thereof. WILLIAM B. FERRELL (SEAL) ~t~illiam F3. Ferrell, as TY'tzstee • ~ and sjiatl perform, comply with, acnd abu~e i,y ea.ch and every the stipulations, c~gree- l me~ts, conditions ci~r.d eovencants of said promissory note and of tliis c~eed, then this ~ deec,~ a-ncl the estate•hereby created slialt cease and be n~cll and void. ~ I An(~ the sc~id JlTortga~or hereby coaeruant~s and cc~ree,s: ~ ~ Z. To pcay all anc~ sin~ular the prineipcal and interest and other sums of money ~ payable by virtue of sacid promissory note and this deed, or either, promptlJ o~a tfre ~ d.a,ys respectiaely the same severally come due. To pcay alt and singular the ta,xes, a.ssessments, levies, liabilifies, obligations and encumbrances of every natare on s2id described property each• and every, and if the same be not promptly paid tJte said .hfortgagee may at a~aJ time pay tlie same zvithout waivin~ or aJ~}'eetin~ the optiora t'o fi~reclose or any risitt heretcnc~er, and eve~y pcaJment so made slcall bear interest from tlie date tlaereof at the rate uf'Seven(7°Jo) per - cent. per annum. B~~K~~~ - ~s . _ . . _ . ~ ~ ~ = - , r ~ : ; .x .