HomeMy WebLinkAbout1763 an~ shall p~r(orm, irmply u~itl~ anrl ~6ide by pach and e~~p?y the atireementa, siipulaltons, condilions and
rnrenanfs t~~~r~~. anc~ of Ihis morfpaqp. !{~en f{~is morfgage anc~ f~e esfale tiere~y c?pate~, sha~~ cease. c~e-
fermine anc~ ~~p nu~~ an~~ i~oi~~.
11~ 1~~~ morfga{~or ~~rn~hy ~urlher coi~pnanls anc~ agrees fo pay prompl~y u~hen du• ths pNnctpa! and
intrersl an~ olh~r sums o~ money proi+i~pcl ~or 1n saic~ nofe and ttils morfAage, or eifher, fo pay a~~ nne~
singu~ar Ihe Inxrs, nssessmenfs. ~.~vies, ~iahi~ifies, oti~i{~alions, and encum~roncea oJ every nnlure on said pro-
pe?ty: fo ~rmii, commif or su~jer no waslP, impairmenl or c~ete?iomfion o~ saic~ ~and or fhe improuemenia
t{~~rr~•n af ony line~: to k~~~p I~~e hui~c~ings no~a or ~err~jt~r on sai~ ~an~ ~ully insiuecl in a sum o~ nol ~paa
fl~an One Million Two Hund~ed Thousand Dollars (s1,204,000.00)
in a com~x~ny or ~•ompnni~~s a~r~ptabl~ fo thp mortpag~P, Ihp policy o~ policies to 6e hpld 6y, and paya6~e
to, snitl morfc~~gPe, anc~ in ftiP enenl any sum o~ mon~y becomes ~yabl~ by ri~tue o~ such insutance f~e
moH~a~Pe shall h~~~~ Ihe ri~l~t to r~ceii~e nnd apply the same to !he inde6tedness hereby secured, accoun(ing
fo fhe morl~a~or ~or any surp~us: to pay a~~ ~~osfs, charges, anc~ expenses, inc~udtng ~awyer~s ~ees ant~ lil~e
sa~n-hPS, rn~sona~~Iy incurmrl or p~ic~ hy Ihe morfpa~~ee ~causp o~ Itie fai~ure o~ ihe mortgaflo~ to prompf~y
anc~ ~u~~y ~•omplv u~ilf~ Ihe anrePmPnts. stipulations, conc~ilions an~ rnvenants o~ saicl nole an~ fF~is morfgnge,
or eil{~rr; to pPr(orm, ('O/II~IV U~IIII aR~ Ah1~P ~y PQCII UIt~ PUPry IRp agreemenfs, sftpu~afions, concriftona ant~
co~~~nanfs sel forlh in saic~ nole anc~ t{~is morfgngP ot eiftier. ~n fhe Fvent Itie mortgagor lai~s fo pay when
c~u~ any tax, ass~ssm~nl, insuran~-e premium or ofhe~ sum o( money payable by virlue of satc~ note antl fhia
marl~age, or ~if{~er, f{~~ morfgac~e~ may pay t{ep same, tviftiouf waiving or aJlecting the opfion fo ~orec~ose
or any ol{~er ri~hf {~erpuntlPr, and al~ sucl~ pnymenfs sl~all bear interest from dafe the?eo~ af IF~e I~igltest ~aw-
(u~ rot~ I/~~n a~~ou~cKl Ih~ ~aius o( t~~~ Stafp of F~ori~a.
any sum o( mon~v herpin rp(~?r~c~ fo tie not prompf~y paid wifhin TEN crapa nexl alfer
~ ttie sam~ ~PCOmes cru~, or ij eac~~ ana Ar~ry ~ih~ a~reemenls, slipulafions, conc~ifions an~ covenanta o~ saic~
note and Ihis mort~a.~~, or ~ill~er, are nol JuUy per~ormed. complied with and a6id~ by, 16en the entire
sum mrntionecl in said riote, and tl~is morfgage, or 11~e entire balance unpaicl tl~ereon, shall /ortl~wil6 or
thpr~af ter, a1 fh~ option oJ If~p mort~a~e~, become and 6p due and puyable, anything in said note or 6erein
to Ih~ confmry notirell~stanclinq. I'ailur~ 6y fhe morlgagee fo exercise any of the rigltt: or optiona herein
proi~icrc~ s{~a~~ ~of constilufe A IliQl!'P! a~ any righfs or opfions un~er sai~ note or t~is mo?tgage acc?uecr or
~~PrPAJt~r ~a~-cniin~.
~n ~~LIl~ ~~Ol~ Il~v said morlgagor has hereunto si~ne~l and sealed these presenls the
~ny nn<~ ~rar ~irsl ahorP ~rrilfen.
S~q~~~d. ~p~l~d ~~d rl~~~~«d ih~ ~~~~,•?~~-P o(: EQUITY SSOCIATES, ~4 Tenn~ ee Limited
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ST:1TE OF ~~9GX TENNESSEE ~
c~r~-rv c~F DAYIDSON
I HEREBY CERTIFY that on thi: day, before me, an
offi~~r dul~~ authorized in th~ Stat~ afor~said and in th~ County aforesaid to tak~ acknowledqments~ prrwnally appearcd
James S. F. Boyd and W. G. Ezell
~ to mr known to ~ th~ prrson S d~xribcd in and who f%rCUlyd the fot~QOinq instrumrnt and they ~~knowkdged
brfor~ m.c• that tfle~/ f7CffUI~d the same.
_ ~ ~~'I7 \ESS m~• hand and ~firial s~al in thr Counh• and Stat~~ last a(oresaid this ~ 3 day o~
August, p. D. 19 71
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~ ~ ~ ~ ~ ~ - ~ Notary Publ i c at L ge
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: ~iisgiatf ~Expires: 10/26/74
't ~ ^ = ~ ~ ^ fIIED ANO RECi~R0E0
~1 St.lUC1E GOUMt flA,
p0+"•ER P011RAS
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~ $Et 1?~ 1122 ~'fi
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