HomeMy WebLinkAbout2375 ~.S,~.UOO...OQ 87'UAAT. ~o:ia.. ..._..I~y...~.8... _ . »71 ' :
FOR VlILUE RECSIVED. !b~ ued~rtl~a~d. joiAilr snd s~~~raUr. PAOI~IISE TO PAY to fM ord~r ol.._._ . i
. ...7.EN,~EI~I.T~.EA.G7~.BA . F,lo~rit~ .~ci~nQ..Gur.~ratL~Qa . _
.~~,~~I'.~.Y.~..T~ . . ~I.. ...~..~.,,~i~,.~ • • • ~ ~ ~ ~ ~ ~ ~ ~ DOLLARS.
at .pa_...~r.~e..~.Q~.•7j••.~T~. .~.~~:.Cr.~...~0~.!4~la!..........-• .........or sueh ot6~r plac~ ~s !h~ hold~r
hss~ot m~T dHt~aat~ ia writioq. lb~s M ~r~s! lrom d~t~ at !M s~t~ oi'I.ILG . p~r c~ntum p~t aeu~um on ih~ uopaid
balaae~ w~til ~aatusilt. TM u!d ptladpal d r~s! shall b~ du~ at~d payabls aa tollows:
$ 23fi. 00 a month, the lirat p~~y be or~e month irom date and coatinue each m~anth
thereaiter _with an additionAl p~yment . 00 dwe on each twelfth ~nonth, the lirst
~3, b00. 00 pe~m~ent due twelv~e m~on irom te ar~d continue tor each tweltth month there-
aft,er until p~tid. The sum oi $235. paid h th sha~ll iirst be creditsd to intiereet
and the re ~inde r to the principal oi this o on. 'Ihe additional payment oi $9, ~00. 00
paid on each twelith mouth sha11 be crsditied the prl._t+^ipo1. This nobe may be prepaid
at suQh ti a uch amounb~ as rs deeire without penA1~.
If drtaal~ wa~~ ~r~ 1~ t?~ P~yse~t ~f vr ~t~11Mwt ~f ~e1wcIM1 er iet~nst !+v t?ereef, t\e whole ~uw t?~n rew~~l~iw~
unoaia ~riti inlKe~t ~Aall ~t A~li~r'~ o~tMw Me~w ~w aw~ N7 t\wt ~~tic~. Failun le fi~KIN s~ch Nlfew s?~l) aet con~lilut a sr el tM
ri~At ~e eaercls~ t?~ a~~e Iw lM ~~s~t ~f su~se~w~t ~tl~~it, t~r w~t~rlt~ ?ot? ~riwcl~ai accrueJ inl~r~sl aAall kar iatereat at ~~~er ceatuw
Pe. ~nnuw wtii ~aW. T~~ wak~ra ~~rsK~ ~f t?t~ ~~b wt\K od~e ~nw~w~, wetic~ el wow-Nrwe~t an~ ~rols~l. If tAi~ note i• wet Pai~ ~t
m~tu~ilr anA t?~ ~a~e i~ ?lac~d ~itA YI •lINM~ IK colbttiM. t\~ ~s ~n~ taJorKra `~~NI ~rN to oar aIl cost• ol colleslioa. iacludia~ all ce~rt
co~t• ~a1 rea~~wa?M stlwwqr le~s.
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and ahall duly. prompUy and fully perform. dischar80. execute. effec~ complet~+. comply wttL and abide by each
and every the stipulaciona, agrcements. condiUons and covenanta oi said pmm~ssory note and of tt~is mortgage.
then thls mortgage and We estate henby cnated ahall ceaae aad be autl and vold.
It is understood that eacb of the wonfa, "note," ••mortgagor" and "mottgagee" respe~Uvely and the pron-
ouns reterring thereto, whether in tde singular or plural anywhere in this mortgage. ahall be singular i! oae oaly
and ahall be plural ~ointly and sevetally. if more than ona sr?d ahall be masculine. teminine andlor neuter, whet~
ever the oontext so implles or admlts.
And said l[ortgagor for himseii and hia heira, tegal representaUves, auccessors and aasigas, hereby ooren.
aata ana sgrees W and with eaid l[ortgagee~ his legal representaUves. succeasors sad essigns:
1. To pay W aad singulas the principal and intere~t and the vsrious and sundry sums oi money psysble b~
vtrtue of said promlawry note. and thi~ mortgage. each and every. promptly on the day~ nspectively the sam~
eevetally Eecoma dtta.
To pay all aad singulsr the ta:ea, aaeeasmenta, levies, llabilitles. obqgations and incumbrancd of every
nature and kind now on eatd described property. and/or ttut hereaiter may bs imposed. suffered. placed. Ievled i
i or aseessed thereupon. and/or Wat hereafter may be levied or assessed upon this mortgage and/or the indebted-
' neas ~ecured hereby. each and every, when due and payable according to law. before they Dccome delinquent,
I and betore any intereat attaches or any penalty is incurred; and in so :ar as any Lhenof ia at reoord the aame
~ ahall be pmmptly aatiafied and discharged oi record and the original offlcial dceument (sach as, for instance.
i Lhe tax nceipt or the satisfaction paper officially endorsed or certifiedl shaU De placed in the hands of said
j Mortgagee within ten daya nezt after payment; and in the event that any ihereot is not so pald, satlnfied and
discharged. sald Mortgagee may at any time pay the aame or any part thereot without waiving or atfecting
~ any option, llen, equity or right under or by ~ irtue ot this mortgage, and the full amount of each and every
such payment ahaq be immediately due and payable and ahall bear interest from the date thereof until paid
~ at tT:e rate ot ten per centum per annum and together with such intereat shal! be secured bp the lien ot thL
~ mortgage.
3. To place and continuously keep on the buildings now or hereafter sltutte on ssid land An aad windatorm ~
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insurance in the usual standaM pollcy (orm, in a sum not less than.:--~~]21711.TT11....--• in such com- .
pany or comp^nies as may be approved by aaid Mortga~ee; and all such inaurance pol~cies on any of said build- i
inga, any Interest therein or part thereof, in the aggregate sum afonaaid or in excesa thereof. shall contain the
usual atandard mortgagee clause making the losa under said policlea, each and every, psyable to said Mortga. ;
gee as hts Interest may appear. and each and every such policy shall be promptly delivered to and held by said f
~ Mortgagee: and, not lese than ten dsya in advance of the ezpiration of each poHcy. to deHver to aaid Mortgagee f
a renewal thereot, together with a receipt for the premium ot auch renewal• and there shaU be no auch inaur-
ance placed on any of said buildings, any interest therein or pert thereof. unless in the form aud with the 1oe~
payable as atoreaaid; and in the event any aum of money becomes payable under such poUcy or poltcies said ~
Hortgagee ahall have the option to receive and appiy the same on ucount oi the indeLtedness secund hereby or +
to permit said Mortgagor to receive and use it or any part thereot for other purposes writhout thereby waiving
or impalring any equity, 8en or right under or by Wrtue of this mortgage; and in the event safd Mortgagor shall •
? for any reaaon tail to keep the said premi~es so in9ured, or faii to deliver prompUy any oi said policies of
' insurance to said Mortgage~ or fall promptly to pay tuUy any premium theretor. oc in any respect fall to per-
~ form, diacharge. execute, etfec~ complete, comply with and abide by thii covenant, or any psrt hereof. said Hortg-
~ agee may place and pay for auch insurance or any part thereo! without waiving or attectlng any option, lien.
~ equity or right under or by virtue ot this mortgage, and the NU aqiount of each and every such p~yment ahall
be immedlately due and payable and ahall bear interest from the date thereof unW pald at ths nte of ten per
~ centum per annum and together with such lntereat shall be sccured by the Uen oi tLb mortga8e.
~
~ 4. To pemNt, commit or sufier no waste, impairment or deterbraUon oi satd property or an~ put thereo[.
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6. Zb pay all and aingular the coets, chargea and expenses. includin~ reawnable lsvvyre~~ feea and cost oi
abstracts of tfUe. incurred or pald at any drme by sald Mortgagee bccauss and/or in the eveat ot the tallurs
~ on the part ot the said Morlgagor to duly. promptly aad tWly perform. dt~charBe. ezecute. efiect. comP~ete.
~ comply with and abide by each and every the stiputaUons; aareements, conditions and oovenant~ ot said promis-
~ ~orp note. and thi~ mortgage. sny or elther. and said costa, cbarge~ aad espea~ea, eaeh aad every, ~W b lm- S
~ mediately due and payabie, wfiether or not there be notice. denesnd. ~ttempt to colkct or auft pendfns• aud ttu ~
!Wl amount ot each and every sucA payment ahall bear fntuast irom th~ dat~ thereof until pa1d at the tate ot
~ ten per centum per annum: and W~afd cwb. char~a and ~Penw w lncarrsd ~ Qaid. to~ethst afth sucb !a-
~ tens~ ~ha11 0~ ~ecured by tb~ !1m o! LhL mortgsga.
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~ ~ R 192 2370
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