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HomeMy WebLinkAbout2873 . 3 5 , i , • ~ . . . . . ' U ~ ~ l: ~1 ~ . _ ` . . ' ~..a.J l :~4ii1. i i t~ .i. lU:~~'.J.:':•«:..1"}~.ati3tii ~ 1~~. ~L~~11 ~ ~a+ ~ ~n 71 .~JR Vi~:.:'E :i::C~::VED. i:i. ur.ci.•ra~•;:~od. ;oa : :y snd ~~vcta::~. PRQ:!:5~. :O PA~ to th~ order ol i~:.~.,:1~ i`:c:_T\:.::, ',~11:..:C~~ `:....:t~•-i':v~.~ `~'i:ot:~:,:~ci a::ci t~o/~OG (~:35,OOu.~'~0} ~ DOLLAPS. ..t ~ :1:; ~ .\.:C 1~7I~.:~1. :::1:1~ :iU ~li::i.~J ~ CatS~l~ , i i:::I1~VZV~IiI i7 or s~ach otncr piac~ ~s ihe hc:do~ ~ ..~~zcof m.,g d.a~~a..:e in ti.r?tinJ, t~y.sher wui~ ~:~2crest ttom d..to ~t tho ze:tc ot 7 per ecotum per ar.num on 1n• unpaid ~..::.nea unt?2 m..tur,ty. : h~ sa,d p~ir.c:pa: ..ad inicrest sh,.i: uo d~.: end pa~abls d S Z O i ~ OWS ; Pr ine ipa 1 Si:.~~~ ~~~1~: O21 Or aC:OY'~: ~33 l'ears urteY' C:u:.~. Interest S~'ld~l i;~ ~:,ia annually i~eginning one y~ar arter date. l) dcl~ult be m.adr lor J~ d~YS ~n tAe psYmenl ol ~nY ~nst.~lim~nt ul p~~n..,~al or u.t~rr.t m anV V~~t lhrreof, t't.e r~ole •ue tntr. rem~.t.~ns -.~..i ~.1` ~r~~r~~t •htll •t hoLl~r~• oPl~on br<..me ~1u~ and p-•r~eie ~.~L`~..ot nnl~~t_ ~.ulur~ in ~ae~~u~ •vi, up~~p~ aA~~S no! Cuo~Ututt ~r~w~f of lne lo e~.-ra~+• IA~ sam~ tAe e~~~t of s~G~eyuenl d~(~u{l. Altrr m~lunly Solin pr~nc~pal and ~c.ru~d .~~ere~t •n.lf be~r m1e~~~t at p~r ceneum e:.~.un ..M.l p~~d. lA• ma?er• and endor?~r• el tA~f nob IurlA~r .~a.r~ drm.~~d, eo1.~• ol a~~.n-palmrat u.d prete~L 11 th.s wot• nol pa~d ~t .,,.ow.~~ .~nd tee ~...~e n ptar~d .r~t4 an •tturaer IK collrcl~on. t?e m~~e~• •ad eedoraer• bereo/ ~~r~~ to yr ~il co~U ol coUtet.w, ucl~lie~ ~~t cowt .o•~• •nd ~~~~oaall~ ~~twae~ lee~. f sf ?a'~.~e.K ~Ti~ ~sEAL; ~ PAfiRICK H. PETERS ~S :A:.; _n ~ ; $r ~ Z,' - . j nnd shall dui}, prao~ptly an_ fully pertorm, diecharRe, executP, eftect, comptetP, comply w~th and abide by each nnd ever~• thc st~pu:auons, agrecments, rond~twns t?nJ covenants uf s:tid prum~savry nute and of Lfus mortgage. then th~s mortKnge Rnd the estate hereby cmatetii shall cease and t,e nul! ana ~~oi~i. It is unders!+w.+. that each of lhe H•orJs. "note." "mortgagor' and "mongagea" respecti~-ely and the pron- ouns tefernng thereto. «•hether in the s~ngular or piural anyvrhere In thls mortguge, ~hall be singulat if one only an.i sl~atl be plural juintl~ and sererally, i[ more then one, and Shall be ma.4culine, [eminine and or neuter, vrher- e~~er the con:ext so implies or admits. And said Mortgagor for himself and his heirs, legal representati~es, succe~ors and agsigne. hereby eoven- ant~ ana agrees to and ~-ith said 1?tortgagee, his legal representati~es, succesvurs and assigns: 1_ To pay all and singular the princi;.al and intemst and the various and aundry sums oi money payable by ~tirtue ot said promissory note, and thi~ mortgage, each and every, pmmpUy on the days re9pec4~ely the same ~e~-erally become due. 2. To pay all and singular the taxe~, asses~ments, le~ies, liabilities, obliRations and incumbrances of e~•ery nature and kind now on said descnbed property, and or that hematter may be impused, sutfered, placed, le~Zed ; or assessc~ thereupon, and;'or that hereafter ma~ be I~~aiecl or a_~..~csed upon this mortgage and or the indebted- j ness secured hereby, each and e~-er}•, w•hen due and pa}•able acconi~ng to law, betore they become delinquent~ f and brfore any interest attaches or ant penalty is incurred; and in so far as any thereof is o[ record the same f ~ shall be promptl} satisfied and discharoe.l ot record and the onginal otGcial document Isuch as, tor instance, :he tar receipt er .he satisfart;on paper of[icially endoryed or cer?ified? shall be placed in the hands of said ~tortgagee W~thin ten dR~9 next atter payment: and in the e~•ent that anp thereof is not so paid, satisfied and f d~scharged, sa?d ~tortRagee may at any t~me pay the same or any part iherenf w-iihout v?ai~-ing or affecUng : j anc op:ion. lien, equit~ or nght under or b}• ~-irtuP of this mortgage, and the fuli amount oi each and e~•ery ! such pa~:nent shall be ~:r.mediately due and payabfe and shall bear interest from the date thereof until pa~d at the ra:e of ten per centurn per annum and t~~geth~r uzth such interest shall be secured by the lien of this mor;gage. 3. To place and continuousiy keep on the bu:ldin~;s now or hereafter aituate on said land Crr and windstorm ° insurar,re ~r. the u~ual siandar~i E~~rli~~~ form, in a~vm n~t less than s highest insurable .~,~~},eco~n ~ pan~ or cump~ ,i. s as n~a~ be approeed by sa;;i ~tor'~a;-re: and all such insur:?nce ~liciea on any of sxid build- ~ ings, an}• intPrest therein or part thereof, in the a~~~re:ate sum aforesaid or tn excess thereof, shall contain the ucual standanf n:~rtka¢ee ~la:ise mak~nR the l~~~s ur:~iPr said QoLries, ca~h and e~•er~, pa}able to said ~fortga- gee a~ his ~r.ierest ma~• appear, and each sr.d e~•c•cc ~u~ h Fx~Gcy sha11 be pr~mptly deln•ered to end held r~ sa~d ~ iiortgagee: and. not less than ten daps in ad~an~e of the expiration of eac!? policr. to deli~er to snid ltortgaRee ~ a rene•.cat Lhere.,f. t~~~ether ~cith a receipt f~~r tt • prPmlum nf ~u~•h r~newal: and thPre ~hall be no such :nsur- anc•e placed on an}• of ~aid buildinK9, any interrs; therein or part thereof, anleza in the form and with the loss ~ paraf le as a:ore~ai~:: anA in the e~'Pnt an}• sum c~ money becomes payablr under such policy or nolicies said 14or;s:azee sha11 ha~•e thr ~~pti~~r, to re~e:~-e and a~~~~ly tFe san~~~ nn account ot the indebtedness secure.i hereby or t+r~rn:it s;.d ~tortca~or to rP~ei~•~ an~1 u~e it or am• I~art therc~f tor other p:~rposes ~+ntDout thereb~ ~a•aia-ing _ or :mpasnnK an•.• ~uity. lien nr r.~;ht under ~~r by ~'irtue of tht~ mortgaRe: and ~n the e~'ent said ~iortgagor shall ~ for ar.r rc•as~=:: fr~~1 t~ kP~~~ the sai:! pr•~m+s~~ s~ in=ur~A. or fail to dell~•er promptly an}• of said ~+c~licie~ ot ~ in:~~-s~~•P to s~~d ~1~~r'.~aKre. or fa~l promptl~ tn p:~p tnlly :iny premium therMor, or in any rcapect tail to per- ~ for:n. dicchar~e, exc: utP, •~ffe~t, comple.e, comply ~a-ith and abide by this cu~•enant, or an~• part hereof, said \Sortg- ~ aQeP may plarP ar.~i ,~a~ f~ir si~ch in?urance or xny part therenf ~ti•ithnui v?~:~i~ing or affertinR any opt~on. lirn. eqmty or r.Rht under nr b~• ~•:rtue u! this mort~;a~e. and the• (uil amoe~nt of each anA every auch payment shaU ~ be imn~edia:eiy duP and pa}•able nnd shaq bPar intore~t fmm the date ther~t untti paid nt the rate ot ten per ~ ~ r.~ntum per annvm r?nd toRether with auch lnterest ~hall be aecured Dy the lien of thls mortga~e. ~ ~ 4. To permlt, commit or suffer no Ka~te, impairment~or deterioratfon of aald property or any part thereof. _ ` 6. To pay all and ein~ulsr the co~ts, charRea end erpenses, includ~ng reaaonable lax~yer's [eea and rwt ot k ab~tracta of tiile, fncurred or pald at any tlme by aald 1?it+r4gagee becaux and ~~r tn the e~ent ot the fallurs on the part of the said MuriqaRor to duly, promplly and [ully peKorm, dlscharge, e:ecute eftect, complete, ~ compiy v~-ith and abide by each and ev~ry the stipulatfons, agreemente, conditlons and covenan:a ot ~aid pmmis- ~ sory note, and this mortKa~e, any or elthrr, end +afd rn.ts, charqes and e:penses, euh and every, shali be Im- ~ mMiateiy due and psyaDie, wheth~r or not there be not~ce, demand, attempt to collect or euft pending: and the ~ ftill amount ot each anA every such psvment ahRD Aear ~nterert trom the date thereot until pald at th~ nte ot ten per centum per annum; and a11 said costs, charRei ~nd expense~ ~o lecurred or psld. together with ~ucb tn- ~ terat, ~hall Ds eecureA by Ues Uea of th1• mortgage. - ~ ~ i(~~ ~ 6[lP+~ 1~7`j ~ ~ 1 ~ ~ ~_r . _ - _ . _ - - _ -