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Home My WebLink About2287 . n ana ,qR C+~t ~ ~ s...41~.535~~flD .......1.~!. i~~Q- . FOA VALIIE RECEIVED. !b~ nad~rsi~a~d. ~oiallT aud ~~~sa11T. PA0I~ISE TO PAY ~0 3L~ oMu ol......._ 1~?L~...P...~~F.E. ~n.d...f,~iRi~TS~iE...K. .P.fJTT~QFF.....t~,ie. . . F..Qi1Y..4~~...~~k!!!~~_ F~?ti~...~~l~.l~.4~...~!~_ Th~~~Y...Ff,.~r~...~n~...n~L~.a.~ l..~. DoL~ns. ' u 31~.4...Ql.c~...~.~~ti~~~a~,..~~t~344n4~Y,... A.~~a!!!~~ .............._._.~..............._...os snea o~,.s ~ac. a. hoia.s 1us~oi ma7 dKt~aat~ ia ~sIltoa. lo~tho= wilh int~sa! trom dw a! !M sat~ ol.~~.....--•-P~s e~alum pss amum oa !h~ napaid balasc~ ~tii maturitt. '!`6~ sdd psisdpal aad iat~s~s! aball b~ dus aad pataW~ o follows: ~1 tmn ~1~~ @Qt~211 annual inetalltaents of $4,153.50 each plue interest on tbe unpaid principal balance. The firat such installtnent to be due on the ~ day of March, 1971. ~e maker• may pzepay any or all of the unpaid principal at any time before due w~thout payment o! premium therefor. It d~tarle M sd~ tw _....3.Q._. ~ar i~ ti~ P~~~+t d w hst~11M•e st N~ er ht~rNt ~e +~7 Mrt tiwwl. t~e .6oM w~ W~ ~s ns~ay ~if\ lnt~st sWl at ~~{3w~~ pti~ ?~eoM ip ui ~yaW ~it\~wt ~~Ne~. Faildn te acwcls~ wc? MtlM syp Nt ce~stitrt~ ~t t!~ ri~t ts• s~c~rcis~ W~aM la tb ~~t et w?Mqw~t i~Iadt AftK ~at~ritp bot? pisci~al ua acerwa i~ter~t s?dl bMr i~hn~t at Mr eat~ r+? a~uua ~W N~. 'I1~ ~k~s ~ Mioesws el t?h aw twtA~ ~nh~ i~~~i. ~~tla ef ~w-N7~t u~ ~eobat If tib ~ob ~ Nt ~t mad~rlt~ ~ei ti~ sa~e 4~lacd ~itr ~s ~tt~r~ tK eell~etlM, W~rs aa~ piaewra \~r+~t a~n~ b~q all asb ef aiMeNw. i~cMdia~ ~covt cwb ui rWe~~W atte~se~ 1~. BEDI~'ORD-NUGENT CORP., an Indiana corporation .............__.....-----ts~L~ ~t:.s:: gy t./S/James . L. Nu~ent r... Jr..........._..._..__ ..ts~L~ /S/ Jack A. Stone, Asst. Sy ^~President `~s~~ C O P Y and ahall duly. promptlq and hilly perform. diecharge. execute, ettect, complet~, comply wlth and abide by each I~ and every the stipulaUons. agreementa, conditions and covenanta o[ said promis~ory note and of thia mortgage„ then this mortgsge and the eatate hereby crested ahaU cease and be nuU and void. It ie understood that each of the wonls, "note," "mortgagoY' and "mortgagee" rrapectlvely and the pron- owns referring thereto. whether in the aingular or plural anywhere in thls mortgage, shall be aingular ii one only and a~?all be plural jointly and severa?ly. ii more than one, and shall be mesculine. terr~nine and/or neuter. whe~ ever the oontext eo implies or admita And said Mortgagor for himself and his heirs. legai repreaentaUvr,a„ aucceasors and assigns, hereby oovea- aats aaa agrees to and with said l~ortgagee. hia legal reprr.aentatives. succe,ssor~ and aa~igns: 1. To pay all and aingular the principal and interest and the varlous and sundry sums of money payable b~ virtue of aald promiseory note, aad tbis mortgage. each and every. pmmpUy on tha days respectively We sam~ severally becoma due. Z. To pay all aad singulu the tnxes, aasessments. leviea. liabilfUea. obiigations and tncumbrances o! every nature and kind now on said deacribed properly, and/or that hereafter may be impo~i, suftered. placed. levied or aaeesaed thenupon. and/or that hereatter may be levied or assesaed vpon thia mortgage and/or tha indebted- , nesa ~ecured henby. each and every. when due and payable according to law. betore they become delinquent, ~ and before any lntenst attaches or any penalty ia incurred; and in so far se any thereof is of reoord the same ahall be ~promptly satistied and discharged ot record and the oriqinal otficial document (such aa. tor U~stance. ( Lhe tax receipt or the aaGsfaction paper ofticially endoreed or certified) ahal! be placed in the hsnds of aaid lkortgagee within ten da}+e next after payment; and in the event that any thereof la not eo paid. satisfied and ~ ~ discherged, eaid Mortgagee mey at any time pay the same or any part thereof without waiving or atfecting ~ any opti0n, llen, equity or right under or by ~ irtue of this mortgage, and the tull amount of each and every ; such payment ahall be immediately due and payabte and ahall bear interest from the date thereof unUl paid at the rate of ten per centum per annum and together wilh such interest ahali be secured by the Hen of thi~ mortgage. ; 3. To plsoe and continuously keep on the buiidinRa now or hereatter eftuate on said land tire and windstorm ~ i hest insurabl ~alue ~ insurance in the ususl standard pollcy torm, in a sum not less thnn ~-~•~3._--•-•-••-••------•••-• .................~f fn sach com- pany or comp^niee as may be approved by said MortgaRee; and all such insurance policies on any oi sald build- f iags, any Intereat therein or part thereof, in the aRgregate sum atoresaid or in excesa thereof. shall contain the ~ usual atandard mortgagee clsuae making the lox~ ur.der said policies, each and every. payable to said Mortgar gee aa hia interest may appear, and each and every such pnticy ahall be promptly delivered to and held by eaid ' Mortgagee: and, not lesa than ten daya in ad~ ance ot the eapiralion o! each poUcy, to deliver to aaid Mortgagee a renewal thereof, to~ether with a receip4 for the premium of xuoh renewal; and there ahsll be ao euch inaur- ance placed on any ot saSd buiidings, aay interest therein or part thereof. unless in,the form and wlth the losa payable as atoreaaid; and in the e~ent any aum o[ money becomea payable under euch poHcq or policies aaid Mortgagee shall have the optlon to receive and xpply the same on account o! the indebtedneas ~ecured bereby or to permit sald Mortgagor to receive and u.se it or any part thereof !or other purposes without thenby waivfng or impairing any equity, lien or riqht under or by virtue of thi9 mortgage; and in the event said Mortgagor shall ior aap- reaaon tail t~ i~eep-t?tt sat~-pi~miees so" lnsured, or talC to deiiver prompfly sny -oi- aaia policies o~ inaurance to aaid Mortgagee, or faii prnmpUy to pay tully any premium theretor. or in any respect fail to per- form, diacharge~ execute, etfect, complete, comply with and abide by this covenant, or any part hereof. aaid Mottg- agee may place and pay for auch insurance or any part thereof without walving or affecting any optlon, lien. equity or rlght under or by virtue of thia mortgage, and the full amount of each and every iuch psyment ahall be lmmediately due and payable and ahaU bear interest trom the date thereof until paid at the nte of ten per centum per annum and togeiher wlth such Intereat shall be secured by the llea of tbL mortgage. 4. To perml~ commit or sufter no waste. Impairmeat or detertoraUon o! eatd proparty or any part therwl. 6. To paq all and aingulu the co~ts, chuges and expenxs, including res~onable lawyer's fees and cost oi abstracb of Uqe. lncurnd or paid at any ttme by safd Mortgagee because and/or ln the event of the taltu~+s on the part ot the ssid Hortgagor to duly, promptly and fully parform. di~cbarge. esecute, eNect, complets, oomply with and abide by eacL and every the stlpulaUons, agreemeats, conditlous and covenants ot said pmmL- sory note. and this mortgage, any or either, sad aafd costs, charges aiW ezpenses. each and everq. aha11 bs ira- mediately due aad payable, wbether or not thero be notiCe. demand. attempt to oolkct or sult pending: and ths iWl amount ot each aad every wch payment ahall bear intereat irom ths date LDac+eot untll psid st We rate ot tea per centum per annum: and all sald cost~, charges aad e~penses ~0 lncurted or paid. Wget2~er afth auch fn- ~ terest, sha11 bs secured by the Hea ot ttda mortgags: ~ i . -a c~c~p 't ~ ~OOK~~~ PAGE~r~.v~ ' ~ _ _ . - 1 ~r,~ ~i ~ ~ ? ,v r ~ ~ ~ " ~ ~'.e~„'`~ -,-:.~3.~,f„ ~,ea,~ 2e~ a~ js- .M.:: } ~ '~7- ~`*r ~ 3s~'~~'~~~~~vy~~.~ ~-F -.~s~.