HomeMy WebLinkAbout1902 , ~ ~ r,~, . ~ . ~
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PROVt~EO ~?l.W~?YS~ ~•t ~ N~a Mo+~TSnsoR ~ ~.y ~b w~d ~t~~c~ ~.?~.M '
pnoniiNOry ~ oi wl+icb ~t io~owinq in wo~t ~nd i'iqw~ i~ ~ hw d«oriptio~. ~o~wit:
On~ o~rtain in~talla~nt ps~aa~i~~ory not~. , of ~wn dat~ h~rewith.
lro~ the mor~qaqor to th~ wortqagN h~in, in the principal
aaavnt of 8~0,000.00, with int~s^~~t ther~on lraa~ Qat~ at th~
rats o! S parceat per aYUtuw, said principal snd inter~~t
~b~inq payable as lollo~n:
Principal payabls i~ four equal annual payments of 510~000.00
e~ch, firit payqent due on J?ugust 25, 1971 and annually thereafter
~until paid. ~
~Int~rast or~ the unpaid principal balancs payable annually with
each principal payment. •
This note may ba prepaid in whole or in part at any time ~tt~~ . ~
January l, 1971. ~ '
Maker sriall have a thirty E 30 ) c]ay qraoe period . for each pa~+ent .
~ua heraundar, before this nota shall ba in default. ~
~~d shaN p~farn. oon+ply wiN~ aid abid~ by wch Md w~y th~ ~tions. stpwn~nts. oadifions ~nd cownN+~
of sa~d pr~on+is~ory noh end of this d»d. fh~n this dNd ~nd fh~ ~sfata hsnb~? cn~trd d~aN cws~ ~nd.b~ nuN and -
vo+d. .
.
Md s~id MORTGAGORS. for H~ns~lws sed M»e~ Mirs. I~q~l erpw~ntativ~t. succ~ssors snd euiqn}, hKSI~ _
joinHy and s~vK~Nr oo~wnant ~nd aqrw to ~nd with tlN siid MORT6IIC~EE. th~ir woc~wn and auignu
I. To pay .N •~d ~ul.r tM priecipi) end inhnst snd th~ varia~s a~+d aundry we+s of nwMy Psyabl~
virh~? of said pronw~ory noh. and this moKqaq~. wch ~nd ~y. p+anpNy oe th~ dsys rs~p~ctiv~? ~~i+~ ~ san+~; ~ ~
s~w~a~ b~eoeM . -
Z. To ~sy aN ~ed ~nqula~ Hw ta~s. ass~+h. Iw'~. lieb~liti~s, obligations and ~ncun~enc~s of w~y
nafilf'~ 8i1d bfld nOw OR fsie~ dOfCfi~ pf'OQKfi~. OR thet ~1NMfhr InOy ~ impOi~. fY~K~. p~eC~. ~vi~. Or -
ats*si~ t`fM'~011. Or f~Nt +1M'M~f 111iy ~~vi~ Ot Asl~sf~ uPon l~1is MOf+qeg~. O? 1F1~ ind~t~MSS sKUt~
I~nb~?. wct+ snd ~wry?, intlud'+ng bu! not Wrat~d to a~? d~bt or obGgation crsahd b~? or impos~d upai MORT
6A60R wbicl~ i+ss b~com~ or mar h~r~aft~? b~carw • 1'i~n or ~ncun+brenu sqaiost 11N nsl ~sFste Mnin d~-
scrib~d or aeqr p~rt ti~~of. wh~n dw ~nd payebh eccordinq to Isw. !»far tMy b~co~ d~inqwnt. snd k~fon
e~? inf~rsst ett~ch~s or ~ny ~nahy is iecurnd: and in~ofs~ es enr tMnof is of ncord t4w sams shaN b~ promptly -
ssti~d ~ad discharq~d of r~cad and tM oriqinal officia) docum~nt (wch as. for instanu. th~ taa nuipt or fhe
satisfect+on pep~r of~ici~N~? ~+dorsd or cKtifi~ sheq b~ ptac~d in fh~ hsnds of said MORTG/1GEE within-hn
dsys n~ afhr piynwnt; end in ~~wnt thst s~r thwrof is no! ps~d, sat~:fiad and d~scl+erqd, ssid MORT6A-
6~ may ~t an~? tie» pw t4~ san» or en~r part N»nof end tab an essiqom~nt of saisw without weiving or aff~ct- -
iag a~y option. ~n. ~quii~? or riqht unclK or br virfw of this ewrtqsg~. snd tliM fu~ anaunt of ~scl+ aed w~ry
. wd~ peYnw~t ~I b~ iermd'~at~ dw and payabi~ sed sh~p b~sr inlrnst froan tM dsh tF~rof until pald et th~
~ ro~ of 5 pK e«+tmn pK a~eaun ~nd i~oq~thK with.wel+ i~t shaA b~ s~eur~d b~r tlw G«? of this nwrtqaq~.
~ . . _ : . .
~ . nd p~spnalty oo~rd ~y 11ws nior#q~q~. ~rilh aN phmiun~s fhatron psid ie fuN, fi++~ ai+d ~tM~d~d a~g~
~ insur ' Nie uws! standsrd poGcr form. ie ~ ax~+ ~pp~~d bY t!» MORT6AGEE in suth or can-
~ psni~s as msr approwd by said MORT6116EE: end aH fira end ~:hed~d covsrsq~ ir?wra~u i~s on eny of
said buil~~gs. ~e in th~nie or psrt th«+wf, in th~ aqqngah wm sforoseid or in . shaM oonta+n
ilw uswl ~aadsrd dsus~ or wdo oth~r clws~ e: tM MORT6AGEE may n+slung th~ lofs undw
ss~d poCci~. wch aed ~y. bw to sad MORT6ll6EE tl~~ in~fs app~sr. aed ~sch snd w~ry
wch po~cr ~a1 b~ promptly assi ~nd d~l'ivw~d fu eed hdd by s~id A6~ s= fuAlMr s~writy of ssid
mortgsg~ d~bt. and not I~s ti+~e trn ys in ad~?aou of th~ ~p of ~ad+ po~cy. to d~vu t~o sa~d
MORtC~Ii~sE~ • nn~?~1 th~r~of.loq~th« rw nuipt fcr 1h~ wn of such r~n~w~l: and th~n si+sN b~ no
fir+~ or ~at~~d~d eov~~ i~ur~nu plie~d on anp said bui ' .~e~y iet~nst tl~sie or part tMnof. Nnbss in
fh! fo~n~ ~nd ~rith flw lo~ psrsbl~ as ~~ohsaid: and in Mef ~ny wm of maNy ls~oon»s p~ysbf~ und~t suth
potcr or po~ici~ sa+d MORT6/16EE sl+sN law flw fio ' end apply ii» sa~ on account of +1» n+d~bt- ~ -
~dn~ss s~wnd 1».+~b~? or to pKmit seid MORT to nd us~ if or ~ny p~+~l tiNr~oi for oth~r
purpos~s wiflrou~ f4~erb~r wi+virag a ier~psi ' ~n~r puilr. G«+ or right or b~r virtw of !'nis mortqsg~: ~nd in _
th~ ~wnt ss~d MORT6/160RS shsN eny roasa+ fai! io k«p tlM sa+d 's~ so insur~d. a fiil to d~l'ivK
pno~riptl~r seiy of said poliei~s of ' ene~ io ssid MORTGAGEE, or fail poomptly ~ fuNy any ~niwn thws- -
of. o. ~n ~ r~sprct f~ t~o . dsch~rq~. ex~cult. ~ff~ct. oompl~t~. comply with a abids by tlus cov«+aet.
or any ps~ h~nof. ss' RT6116EE msy plac~ snd pey for wd~ i~ursnu or ~r~y pstt wiHwut waivinq
or ~ffic+inq sny . G«+: ~quih?. a riqht w~r or b~r rir+w of th;: Mortgaq~. and fh~ fuM a of «c!~ ~nd
~v~ry wcl~ t slwN b~ imn~diately alw snd paysbb snd ~sp b~sr inhhst fron+ tl+~ dat~ tl+~ro til psid
sf H+~ r of p+r unfwn p~? ~m~um ~nd ~og~tM? witl~ wcl~ int~st sh~sN bt s~tw~d by #1~
4. To pKnwt, cann+it or wffK no wu`~. ~+nps~nn~nt or dstKior~tion of s~~d pnopKly or ~n~r pwt fhu~of.
' S. To pay aN snd siegul~r fh~ cosk. clwnrc and ~sp~s. includinq ~ nasa~l~ ~M~cn+~?'s fi~ ~d ~1s of
abstrscfs o~F titl~, ~nturr~d or p~~d ~t sn~ tan~ b~t. ta~d MOR16A6EE b~caus~ or n~ th~ ~t of fh~ fiilwr a~ il~ ~
p~rt of th~ said MORTC I~160R to drl~r. P~"P~1? P~~~• ~~r'9~~ ~s~culr. tH~cf. aa~n~pl~fr, oanpl~ ~ z~' .
~ _ .
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e~18s ~1$99
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