HomeMy WebLinkAbout2700 • ~ . ~ ;
. .:1 ~
4'' ,
. ' f
1. To pay all and ai»~ar tllt pri~oipai a~d iritersit a~d otll~r ni~na oJ ~o~t payabis by
virtxe oj aaid promissory wote~ a~d tllia deed, or eitJl~r, Pro'niPtly oK~ t~ iiayr nsp~ivtly t~
- . _
aame aenercily becom~ dw.
t. To pay all and iinyxlar tlls tatia, aaasismanti, leviei, iiabaitisa. obl{patio~a, a~d r~.~-
braneea oj svery rat~a~e ou sad deicn3ed prapsrty. eaek and ev~ry, a~td tJls ~ame bt ~ot P~'o~P~
ly paid t~ks said D[ortyapse_, t, i A ~eyal r~pr~s~utativa or a+ai0~, ~l? at a~qu
time pay the same without ~oaivix~ or alfea~y tlas optioK to foredo~ee or any ri~kt AKe~a~der,
and every PaYment ao made sAa~l bear int~r~at from t.~s date tllereoj at tJls nate o~
1O
~
cent. per a~o1a~.
s. To pay aU a~sd ainywlar the coati. ellarpa and s~~ses, includi~ep lawyer't fs~t, *eaaON-
abiy incurrsd or paid at a~ey ri~s by so~d 11[ortpa~se~, hi a t,~, ~y'~
i
~ or' aa~i~ris. becauae oj t~s fa~~ere ox t~1e part o~ tlu aaid Xort~apor~. their ~
~ repreientatitiei or a++i0~+ ~ l~1~ ~P~f? ~oitl~ and ~t~ide by ~ack arid svery t1w atip~btio~t,
~
~ aQreementa, eonditioria a~d coveeaata of said prorxiaaory nots~ orid tlltia daed, or ei#lker. awd
every sucA payment alaali b~r i~tereat fro~n date at tbe rate o~ 1O per e~. pa• apqp~.
To keep tJ~a b~azdi~eys ~oa or lkersaJter o~ aaid io~d ixatered iri a swK »ot ku t.~a~_____
;
iu a eotxpany or oompawia
to be approvea by eaict Mortgayae~, and tlls poliqr or polioie~ 1~eld b~r and payabte to a~id 3fort-
9a9e~--, A Isyal representativaa or aaai~ns, ard in t~s en~tt ~
any aum of monay becomea payab~ ta~der sitck Polic~? or Polic~ea, th~ Mortyape~-. his ~
~a, Iegai representaKva or auiy~a, s11aTl ~avs t11~ aptioa to receios a~d
appiy the same ax accoun~ of tlka i~ndsbtedneit l~ereby ascured or to pe.-mit t~lYs ll[ortpayor to
reeeive axd uas it ar a»y part thersof for otker pxrposea, witho~ th~reby ~aaimx~ or iu~pairi~p ~
~y ~m~y, iian or riQht ~ender or by vsrtxs of tllia ~xortpaye, a~nd ~aY i~ ~ txif? 1or t~eh
inauranee or ar~y part thersof witkout ~oaivinp or a~futiny tl~ option to forecloas or a~ty ri~ll~t
here~a~der, a~ed eacl~ a„d svery ~ek pay~nsxt sball bear iritersat from date at the mte of 10
~ per eent. per a~aaaM.
f 5. To perniit, eommit or auf
f
er rio waste, i~tp~airment or ~~bration of aaid property. or a~y?
f
part tll~ereo~.
~ ~
e. To perform, comply witk, a~ad abids b~l caclft a~td every ths stipulatiotei, a0~"~~+,
ditiot~s a~xd eovenanta ix said promissory twt~.~ and in tliis d~ed ast f
orth.
7. if afey of aaid suma of ~nw~ney ker~n referrod to be »ot prvsnpt~y a~d fuily pq~d ~~witlifi~
~ya ns~ct af
ter tll~ ~ sensra~t~t beeo~ne d~s a~aT payable, or ~ eaok a~~d stra~y tl~
atipulationa, agreementa, coriditiox~ aa~d eov~ant: of said promiaiory ~note~._ aa~d t11~{s dsed, or
either, ara not fxAY P~'f~, complied w~t~ and abided bY, ~~~DO~'~Date a~t ~nextiofted
in aaid promiaaory note_ ahaA beooMe d~e a~d payabia fortkwitl~ or t.l~reafter at t~ opNoa of
the Mortfla~u_., hi s keira, Iepal repreaantativea or aariyni, a~ f~rA~ and co~nPtstety
~ {j ~ ~,jRj p,yyrayp,~ p~~wo hundred thousand ~ t20Q,~ 000 _ 00 ~ ~e
o~ally atipulated to be paid on aue1~ da~l, a~ytking ix aaid prontiaaoty xote_ or 7aereitt to t~s
contrary notwithitatadt~ty.
IN WITNESS WBERE'OF. ths aaid 3[ortpa~or~, have k~~tp ~ their
har~.~and arai 8 tlae day and ycar ~int e written.
}
Sigrud, sealsd a delivsred in presenes of w: ~ )
` Milfvrd- . Purcel
_
=i ,
: (Seal)
Ida Co an Purcel
`
~e`,~:
~3 O P
~OOM, ~ PACE
[IJ13 /~~Jirr~,n~-~n Pnp~~n•d hy: Sroith, Cohen, Ringel, Kohler, Martin 8o Lowe
,~1~lJr~u 2400 First National Bank Tower, Atlanta, Georgia
~ 3
, _ . - . - _i .
: ~
. . . _ ' ; ~
_
..,r . . . . . . ~ . ....~C'