HomeMy WebLinkAbout0745 1. To pay aJl and ~in~lar tl~s priwoipai o~d irtereit a~d otber su~a oJ ~tons~r payable by
vfrtxe of ~atd pro~iatory twt~ a~d lAta d~rd, or eitlltr, Pr'o+KPtiy o~t tke dayi rstp~oNv~ly !~s
sa~u a~veraJly b~t dx~
To pay aU a~d rixp~lar tJ1t tas~a, au~enta, is~ia, Ziab~lsitie~, obli~aNoaa, a~d ~own-
braxcea oJ ever~? ~4t~ers ou s~id dston'b~d propsrty. eoek w~d every. a~d i~ tks ~me bt wot Pr'~P~
~y patd tlle aatd D[OltpoptRS. their ~~ir~, ~syal rlpr'a~utat;Vq Or ai~i0~a. ~o~r at apr
ti~s pay tlle awne witllo~t ~oai+~p or' alfro~p t~e optioN to forsdoi• or a~qr ri~~t ~~r~a~d.r.
a~d eva~'y? PayM~wt so ~xad+e a1raR b~ i+~trra! from t1~s date t~r~o~ at t11s rate o1
6
r"''
c~xt. per a~ta~. -
J. To pay ati arid siripx~ar t11e~~wt+, c~a*yea w~d espe~a,`ixclxdix~ ~awyer'a fsa, teaao~-
ably incurred ot paid at any ti~ by ~id ~[ortpayse.8., ~e~r ~eirs. ~at r1p~'eaetttatiwa
or aaaigx~, beoaxae oJ tJ1s ra~we ori t~ part o~ t,ke aad 11[ortyaQor_, its j~.
repre~s~ta#va or ai+;0„+ ~ PKI~ ~I ~vitk arid abide by ~acll? ard every tl~e s#p~ta~a.
aprss~xexti, ew~ditio~ts a~d oovena~ta o~ said prom~aiory not~ o~d t~ll~ia deed, or ett#er. ea~d
,
svery auck pay~xerit allan b~ar intareat ftro~t dats at t~s rate of s per ce~t. p~r a~naN.
4. To keep t11e b~a?di~rs +~ow or llereaft~r o~ iaid iand e~red iri a aum riot Iess t~ax
full insurable value
ix a oo:npaxy or oofKpawi~~
to be approved by aaid Mort~aQse_, and tl~s poticy or poiieiss held by w~d pa~abis to arid DMtw~-
~,~6e-~, their ~t, kyai repreaeritativsa or asaiQ~a, a~d i~t tk~ ave~t
any au:n of moxsy bsoamst pa~labls w~der awck pdicy ar poliaiet, tale btortyaqee..~. ~eir
tsyai repreaentativei or usiigns, al~aA l~avt t~ke optiox to receioe o~d
apply tl~ sama on account of tli?e indsbtedness Aeraby aec~red or to permit tba ll[ortya~or to
reaeiva and uae it or any part therdof for otlker pkrpoaes, ~oitbout thereby waivenD or i~upairi~y -
~Y e4~Y. lien or ri~l~t undar or by virt~s or tl~ia morty~a~e, ~~y n~ ~~y fo*
i„a~aa~ece or any part tkereof soitl~w~t waivixp or aflectin~ t,he vPtiox to foredose or axy riyllt
llere~a~der, wtd eacllt a~d every axe~ pay~tet~t akaA bear intereat ~so~t date at tke rate of 6
per eent. par ax~aaK.
5. To permit, commit or iuf
f
er ~o ~oaats, i~xpairment or dsterio~atio~~ of aaid property. or a~W
; part tkeseof.
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~ 8. To perform. comply uritk, ~xd abide by tac11 and every t1Y~ atiP~~+,
~ ditio~ and cova~nants in aaid promiasory nota_, and in t,kia dsed aet fortlk.
7. If any of aaid au~ns of moriay ~n refsrrod to be ~tot pro?nptly aud f~Y P~
30 ~,.ya ne~t after t11~ aame saveratty be~o+KS dus and payabts, or if eaek a„d enery t~
atipxlations, agreemsnta, co»dittioxt wad cov~ of ~aid promiaaory> >tot~ awd tllia dsed, or
sitker, are not f~Y P~'~~~, eo~nplied witk and abided bfl, a0~'e0?ate a~tan txexlio~tsd
i~ said promiasory not~._ akaII beovme dws and payabie f
ortltwith or f~rsaf
ter at t~s o~iox of
tke 3iw~tyayus , their repr~aantatives or aaaiQ~a. w fwuy a~ oo~~y
ai ~J tlks aaid a~yreyats a~aa of #~`ONE HUNDRED THOUSAND & NO/100th~~~,
ori~inaity mpectated to be paid an axck day, axythir~ in aa.id promisaory riot~_ or lkereat to t~ks ~
contrary notwit.Iaatat~di~. .
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~ . t.. -~ti .
IN WITNESS WHEREOF. t~?e iatd Mortpayor_, hn~ 1«r~p q'
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i ha~sa rtna :~at-tbs aay and y~ar f~rst above ,~o.titten. -
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Siy»cd, a and v ia prese~s o w: BACKIEL ENGINE SALES Al~i~ -
~ G~'_~~ SERVICE, INC. ° ~ ~
~1~ ~
_ ~ '~r` `T.~•~'±~'~•'•n`~'
By• \ J
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a e . e,
aooK 195 ~~E 743
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