HomeMy WebLinkAbout1750 and shall pr~jorm, ~-omply u~ifh ~?~d ~b~~le 6y each and ei~ery fl~e ugreemenls, stipulations, condttions and
cor~nants ~l~erew(, and aJ Ihis mur~~ane, Ihen Ihis mortgape anel the estate hereby crPaled, shnll cease, ds-
IPrmine nnt~'~e nu~~ a?u~ roit~.
1~~a ~nurlga~~o~ ~~~r~~hy (arll~er covenanls and og?ees to pay prompf~y wtien dus fhe pr~ncipa~ anc~
internsl nnc~ u11~e~ sums of muney pro~~i~ec~ f
or in saia nole and f~ia morfgage, or eilti~: lo pay a~~ and
sin~ular Ihe taxes, ASSPSSlIIPl1I5, IPL~IPS, li~6ililies, o6li~ations, arid encumbrances o~ eve?y nalure on :aid pro-
perfy: to ~?mil, rommit or suf1p~ no u~aste, impairmenl or ~eferio?afion o~ sai~ ~and or f~s improuemenlt
~hPra•n a~ ~ny timP: to RPP~1 II1P buildi?~~s nou~ o~ herrajt~r on ~aid la~d (ully insured tn a sum oJ not less
~han TWSN'I'Y-FIVE T~iOUSAND DOLLARS ($25, 000.00)
in n comE~any or c•ompanirs a~rnpfaf~~e lo I~e morfgaflee, Itie po~icy o~ po~icies to 6e held by, and pnya6le
to, saic~ mori{~agee. an~ in Ihe ei~ent any sum o~ mon~y ~?comPa ~yable 6y i~irlue o~ suck insurance ftie
mort~apee si~all ha~~e t{~e riflht to r~•eii~e and apply 11~e snme to ll~e inde6tedness here6y secured, accounting
!o ftie morlga~or Jo~ any s~up~~~s: !o pay a~~ cosfs, charpes, antj expenses, inc~uding ~awyer
s lees and til~e
sparcti~s, reasonab~y inc~are~ or pai~ tiy Ihe rreorfgaqee hecause of Ihe jai~wr ol ttie morlgagor fo p?ompfly
aner ~ully ~~omply u~ill~ the aflreem~+~ts, slipulaiions, con~ilions a?icI covenanfs o~ saie~ nofe ane~ f{~is morigage.
or eif~~er, fo prr(orm, comply u~itl~ and abide 6y each and every I~e agreements, slipulnlions, conditions and
coi•e?innls sc~f ~orlti in sai~ note anc~ Ihis mo?fgage or eittier. ~n f~e euen! the morfgngor ~ai~.s to pay when
due any fax, assess~reent, insura?ecp prPmium or oftier sum o~ money payable tiy vi?tue of saic~ nole and t~is
morlgagp, or PIIIIP~, f~~e morfgagee may pay f~e same, wiltiouf waivi~g or af~ecfing fhe opfion to ~o?ec~ose
O~ QRY olher ri~ht FeerPUndPr, Q/i~ n~~ such payments s6all 6ear intP~rst (I'aRt ~Q~B ~rtPI'~POJ at ~he 1~~91~p:e bu~-
+l1~ rate fF~~n q~~0lt~@l~ ~V ~~1P ~OII~S O~ ~hP S~QIp O` F~O?/~0.
miy sur?t oJ mon~v berein re~prre~ fo tie nol prompt~y paid w~eh~~ fifteen c~ays next a~fe~
the samp 6~-om~s due, or i~ eacti and e~~ery tl~e agreemenls, stipulalions. conditions ancl covenants o~ said
nole and tl~is mortPa~~P, or eithe~, are not jully perjormed, complie~l with and a6ided 6y, then f1~e enti?e
sum m~ntion~d in said note, and lhis mortgage, o~ the entire balance unpaid thereon, shall fortl~witlt or
therea(ter, nt th~ oplion oj the mor~gagep. 6ecome and 6e due and paya6le, anyt6ing in snid note or f~erein
fo fhe confmry nofu~ifhstan~ing. Fai~ure tiy t~e morfgagee to pxercisa any of the rig~ts or opfions ~erein
pronic~ec~ shall noi conslifule n u~oiner o( any rig~ts or options une~er saic~ nole or ftiis mortgage accrued or
i~~ereaJl~r accruing.
~n ~itness ~~0`~ 1{~e s~id mortgagor has I~ereunfo signecl and sealecl theae presenls fl~p
~ay an~ year ~irst a{~ot~e «+riffen.
~ z Sipn . SP~IP~ an ~PIIPP~~ in ttie PIPSPflCP o~: -
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~ _ _ ~ ' fILEO AM4 RECOROEO ~
; ~ .ET.lbC1E COUMTY FIA.
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, _ y
~ R~fCER rt1iT1lAS----
~ _ CLERK CjRCU1T COURT~t~ ~
~ . _ _ . . . - - - . - - --RE~QRG Y.~itlFifO_....~=~.- ~ . .
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t A~R ~Z 4 2S PI9'Z~
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~ sr~TE oF P~4, M/.fJi,fJ /Oi~~ )
~ COl'\TY OF ~/NOJ ~
- I HEREBY CERTIFY that on this day, before me, an
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~ offi~er duh• authoriz~d in the Sut~ aforcsaid and in the County aforesaid to uk~ acknowledamenu, penonally appeared
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§ RAND~L~~ CRAF'T
~ to me known to br the pe~rson described in and who executed the (or~goinq instrument and he acknowkd~ed
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~ bcforr m~ that he ~x~cutcd the s~me.
~ ~'IT:1iESS my hand and of(icial seal in thr Caunt~ and Stat~ last afor~said this dar ~
~ A. D. 19~
~ ~ 7 ~P r
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, Notary P blic,
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I My Commission Expires: -
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