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I he same 't~ ~ether with the tenemenfs, hewclitamtnb and nppurf~-
~o ~ue and to ~io1d ~ . ~
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nances Iherefo tie~onging, an~ f~e renfs, issues and pro(ifa t~ereo~, unto t~s morlgn~es, i~ ~~e simp~e.
~ ~ the mortgagor covenants witl~ !he mortgagee that ll~e mortgagor ia ind~~~..ibly seized o~ said
lar~d in /ee simple: that ihe mortgagor has good ~ght and lau?(ul uuthority !o eonwp snid land m a~on-
saic~: f~af 1{~e mortgagor u~i« ma~e suc~ ~urfher nssurnncet to perfect the ~e~ stmp~t ttt~ !o iakr ~and In t~~
mo~tflagee as moy reasonabl~+ 6e requitec~: lhat fhe mortgagor 1?..~6y fu~~y wnrranb tht tit~e fo said ~and
and u~ill de(end the same agninst the Inwjul claima o~ ull pe?sons whomsoever: an~l that satd land ta (ew
and clear o/ n!! encum6mnce~ wlth the CXCept1~R ~f easementa and restricti~n
~f rec~rd, if' any, and taxes accruing subaequent t~ Dec, jl, ly(U.
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f ~V~ ]~s~ that i~ said mortgagor ihaU pay unto aaid nwrtgagae t~ certatn pro?nis-
i sory note tiereinajfer su6stnniinl~y rnpied or idenfi~iec~, to-wit:
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S 35, ~125.O~J rl~,r~da December »`f 1
' I~O}t YALUE IiECCI\'ED, lhc undcrsigncd joiutly a~~d scvcrally pranisc(s) to pay to ttic ordcr uf
~ Ii3l~ RI:ED P~1c;i~Y~10LDS
~ ~i^t ~.~~rt~::ent, First Nati~nal B;~nk at Orland~, P. 0. B~x ~G31, Urland~,
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vr i~t suc1~ p~acc as thc hold~•r( s) uf this notc may dcsignatc in writing tl~e principal som oE
s TtIIR`1""Y ~'T~ THOU
~1111ll FOUft INJ~DRED Tt•~~~NTY FIVE anci ----00/100 DOLL~+RS
; tc:~ether H•id~ interest thereon from due date at the ratc of ~ % per annum
~ un t}~c unp.?id tialante until paid. ~
~ ;i_•:T'.i0.: G:' i~rYi•i:~:?.`i~': 9 ae ( 5) e~ual annual installments ~f principal -
~ i n L~:~ .-~~~_~nt ~f :~7 , ~3~-= ~ , cac~ , c a.,,.~encing ~n the ~f Deeenber,
~ 1~~7? ~r~~~ ~i~ Lc~e _:;~ece•.:er '•"l~, l~?7~, 1975 and 1~ t~gether
~ ~,:~t;: interc:.~t ~r~ L:~e _'.':~;=n=7 t~:l~r,ce. Interest payments to
` b~ Tn~de ~~ua.rterl;T c~•:;~~~enci n;"ttlree ( j) ^:~j1tt.s fr~m the date here~f .
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~ If default Ue made in the payment of any instaliment under this note, and if such default is not made good
~ within 30 days fl~'~m due dSte the entire principal sum and acc.rued
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- interest shall at once become due and pa}'able ~~~thout notice at the option of the holder(s) of tnis note. Failure to
~ eze:rcise _.h:s optio~ shal! not constitute a~saiver of the right ic~ exerc~se the same at a latcr time for the same default
~Y or for any subsequent default. Iu the event of defaults in the payment of this notc, and if t~~e same is placed in lhe
r hands of an attorney at law for collection, the undersigned hereby agree(s) to pay all costs of collection including
= a reasonable attorney's fee. Presentment, protest and notice are hereby waived.
" (SEAL)
i
r , JACKSON P. 1rIIGLEY
. (SEAL) ~
~ ELLEN E. 4:IGLEY ,
(s~L) ;
WILLIAM R. ALLEN ~
_ - •REWTOM ~o.-oRU~~ ( SEAL )
= BARBARA A. ALLEN
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