HomeMy WebLinkAbout2524 ~?~d shall p~~Jorm, romply with and a6~dA 6y ench and ei~ery the agreements. alJpulalio?is, condilions and
corenanfs ihereoJ, and o/ this morl9a~e, then lhts mortgnge and the estate I~ereby c~ufed, s/~all ceeue, de-
fprmine an~ he nu~~ an~ noi.~.
Ti~ fhw mo~fga~~or hen~tiy f urfher covenanls and agrees lo pay promplly when clue fhe pri~cipal and
interesl and oltier sums o( money proric~ec~ jor In saic, nofe anc~ thta martgage. o~ eifher: !o pay a~~ nnd
sin~ular IhP ta.rps, assessments, IPI~tP3, lia6ilities, o6ligations, and e+~cum6rances o~ every naliue on said pro-
perly: 10 ~rmil. ~-ommif or su~jer no ivuste, impairment or detereorntion o/ saicl lanc~ o~ the improveme~la
ItiNrncn nf any iim~; to Irrep ff~e hui~~~in~s notv or tierea~t~r on ~aid ~au~ ~u~~y i~surc~ ~n a sum o~ no! ~esa
Il~an NIL
in a company or companies QCCP~~Q~~~e lo Itie mo?fgagee, Ihe policy o~ po~iciea fo he held by, anc~ payab~e
to, sai~ moNpagee, anc~ in I~e enenf nny sum o~ money 6ecoMes ~xiyabl~ 6y virtue oF such insurance the
mort~ageP shal! haue the right fo ~PfPII~P and apply the same to !he inde6tedness here6y secured, acc~ounting ~
fo fhe mortgagor for any surplus: fo pny a~~ cosls, ctia?ges, and expenses, inc~uc~ing ~awyers jees antj tit~e
sparcl~rs, reasonahly incurre~ or paic~ by the mortgagee hecause o~ t~te ~ai~ure o~ fhe morfgagor fo prompf~y
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an~ ~ully comply u~ith the agrec~ments, sfipu~aiions, con~~ilions anc~ cot+enanfs o~ saic~ note an~ f~is mo?tgage. ~
or eifher; fo ppr(orm, comply wifl~ an~ ahir~e by eacl~ and every ff~e agreemenfs, slipu~nfions, conditiona and
coi~ennnts sel ~orth in said note and this mo?tgage or eit6er. In the event Ihe mortgagor jnils to pay when
clue any lax, assessmpnt, insurance premium or ofher sum o~ money paya6le 6y virtue oj saicl nole nnd tl?is
morlgage, or eit{~er, f~e mort,ryngep may pay I~e same, wifhout waiving or aJ~ecltng !he opfion to forec~ose
or nny oi6er ri~l~t he~PUnder, and all sucl~ paymenfs sl~all 6ear interest from date tF~ereo~ ot tke higl~est ~aw-
(ul rnie tl~pn ~I~owecl by fhp lau~s o) the StatP o~ F~orida.
~l nny sum o~ money hereiri re~PKPd to 6e not promptly paitl within 15 days next n(fer
~~IP SQ?IIP ~)PCORIPS ~UP, O/' QQC~ QRI~ pVpl~ I~P UfJ~PCMP/IIS, s~INU~Q~lOf15. COIld1~iORS QII~ COU@i1QRt5 O' SOtd
~ote and 1{~is mortgage, or eitF~er, are not ~ully perJormed, complied wifl~ ancl u6~ded by, ihen f{~e entire
sum mentioned in said note, and fl~is mort~age, or the entire 6alance unpaid Ihereon, shal~ (ortl~with or
iherea)ter, at t{~~ option o( fhe mortc~agee, 6ecome ancl 6e due and paya6le, anytl~ing in said note or berein
fo 1{~e contrary notu~ithslanclin~. Failure 6y ~hp mortgagee fo exereise any of tl~e rights or options herein
prot~i~c~ s{~a~~ nof consfitufe a u~airPr o~ any righls or options under said note or t~is mortgage accrue~ or
ftierea~t~r a~cruing.
~n ~~t!!~ ~~~1~ itie said morigagor has I~ereunto signed and sealecl Ihese p?esents fhe
day on~l yPAr Jirst a6oi~e u~ritten. THIS IS A BALLOON MORTGAGE ~1D THE FINAL PAYI~NT OR THE
BALANCE DUE UPON MATURITY IS 3 000.00, TOGETHER WITH ACCRUED INTEREST, IF ,
Si necl. sealpd and dplinerpd in ~f~p pr~sencp o/: AI~ID ALL ADVI~NCEMENTS MADE BY THE MORTG EE
. UNDER THE TERMS OF THIS MORTGAGE.
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_ . . - - - Q~
Ly ersons Sr.
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Pearl V. Persons
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~ ST~?TE OF ~I~, ~W YORK ~
; cc~i'\TY OF OTSEGO
s I NEREBY CERTIFY that on this day, be(ore me, an
~ officer duly authorized in th~ Statc afortsaid and in the County aforesaid to tak~ acknowledgments, prnonaliy appearcd
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E Lynn Persons Sr., and Pearl V. Persons, his wife, ~
~ to mc known to tx thc prrson Sdexribed in and who executed the (or~qoinq instrument and they:~oQwkdR~"d ~
`~~sisri;~~,,,
; Ixfore m~ that theY ~a~cuted the same. ~r! ~
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! H'17'tiESS my hand and official stal in thc Courtty and Statr last aforesaid this 5ttb ~~~!~if b~ ~
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~ ~C OCtObP.t. D. 1970 • ~k~~.• 7;'~
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' %7iis I,urrru,r~„~ prr~urnd hy:
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~ 0'LAl1GHUM i 0'LIUGHLIN
~ Q a e~ ~+o~, ~rt ~a~, Fi~as
~ .1~/dnu 6401f~~~ fiACE~~~
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