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HomeMy WebLinkAbout1957 ~t f1~e aame, fogether wtfh Ihe fenen?enb. h~tlam~nti nnd appurt~- nancea ttiereta be~onging, and itie renls. issues and p~'of ifs thereo(. urtto fhs rno?tga8t~, in Js~ itrnp~e. ~ t~e morfgngo? covenants ~uit~? the morfgages lhat !~?e mortgago? is t?~e(~„i6ty :~~d o~ sald land tn ~ee slmple; lhat tl~e ~nortgagor hw good ri9ht and Iawjul authaiqr to c~onvey ,~td la~d dt a~o~- wid; ihat ihe mort9ago~ w~Il ma4e iuch /urther assurances fo per~rct !ke ~e~ simple title to said ~and in Ike mortgpgeo as may reasonab~y bv requirecj: that t1~e mortgagw h.~.by /u~~y u~arrnntt the ttt~s fo said ~and and wtll deJend tke same ugatnst the Iaw(ul clai?ns o/ all peno~s wl~omsosver: and t6nt satd land is /roe and clear of all ,encum6r,onc~es , , j~'.., - ~V~ ~W~s~ t~at i~ said mortgagor al?nll puy unfo suid mo?tgagee t~e c~ertain promis- sory nofe f~ereina~ter su6alantially copied or ic~enfi(iecl, to-wif: PraAi~sory Note bearing eveu date securinq the sue of'542,600.00, rhich said indebtedne~s, including ititerest at 6! per aanu* shall be p~yable in ten annnal installaents beginuing one yeu troo date, is? accordance Mith the folla?inq • schedule: P11YM~t1' T0~1'7~I. P113DlSl~l' ON PAYMSi~TP ON BAI.i1NCS aF ~8R , PPlYMBNl` INiBRB.9T PRIZlCIPAL IAaN - $42,600.00 1 $5,787.98 $2,556.00 $3,231.98 39,368.02 2 S,787.98 2,362-08 3,425.90 35,942.12 3 5,787•98 2,156.53 3,631.45 32,310.67 4 5,787.98 1,938.64 ~ 3,849.34 28,461.33 5 5,787.98 1,707.68 4,080.30 24,381.03 b 5,787.98 1,462.86 4,325.12 20,055.91 14 ~ 7 5,787.98 1,203.35 4,564.63 15,471.28 G ~ 8 5,787.98 928.Z8 4,859.70 10,611.58 ~ 9 5,787.98 636.69 5,151.29 5,460.29 ~ ~ 10 5,787.91 327.62 5,460.29 0.00 Opon payment by Purahaser of an additional su~ of $7,600.00 Seller to release t2rrefss 27 acres tree and clear, balauce re~aininq unpaid ot tbe oriqfnal $42,600.00 to be against the l~icrth 76 acres. ~ Ptivileqe is qiv~en to prepay Mitbout penalty after one gear frow date. ~ ~ a ~ ~ . -,R ~ ~ ~ a ~ ~ ~ ~ ~o~ 1~3 P~E ~955 ~ , ~ ~ i~ . - . - ...vY ~ .n ~ . . . . e . _ . _ ~'u~:•±..a ~ 4-._