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Home My WebLink About1886 :....~U,--QQ4:..QR...... . sT01lAT. tyo:iaa. ..........-Mar.ch................lO. ia.?2 FOR VALUE AE .!b~ w~d~rsl~d, )olaflr and w~~raA~. PAOD[ISE TO AlIY to iha osd~r ot .C'a t~r...F..Sur.mas.ter..aad..~1Qa.P....Huac~aoe~t~~....b~s..w~e...... _ _ . '~,'h~irty. ...4usar~d a~d..~o1100 . . " _ - DOLLllRB . , . . . o ' ' Rpchester ~Tew « ~~I~; ~ . at ..VArQ...........~w~Xs....................».......~.....y~.,~.,..,.~..,.. ~.'~y• ............»...............os sueb ot6~r plac~ as !h~ hold~r h~n°t ma~ d~at~ it~ wtllttp. loga2l~r wilb inl~s~s! !!Oil4~ ~ tll~~''A~i? oi ..p~s c~atum pe: aaaum on !h~ uapaid bilane~ ua~l sli~. ~ s~ p~(~~ aad iat~s~st s1~aU D~ du~ and payabl~ ~s follows: In Zh ° annu,al installments of $10, 000.0~ each. ~berest shall be pe4yable annuall~t• F'iY'st anuual pa,y~ent aue one year from date hereof. After 1~Sarch, 1~~?S, this notre cna~y be prep~.id ti~es and in such amounts as ma#er desires with- out penalty. If d~(u~le M aal~ fK ....111...._ ~i• i~ t?~ N7~it ~f i~sNlls~~t t l~tenst er ~r Hrt tlereof, tAe r,ob suw t4ea ?e~aaisis un~ai~ vie~ iate~sat ~WI et ~.ue.~ a~ti~a ~xw t4.. a~ ~araW ~It\wt aiM~n N ~:eetiis~ su ~ ri~At te ~:enis~ t?~ ~a~t Iw tM e~t ~f su~ ~ NI sAdl aet coastitute vd~er t?~ ~w~t iai~rlt Att~r ~tnrit~ t~ ~?i~eiMi a~ aecrYed i cre sl~all 6ear iaterest at per anauw wtil NN, T4e Aaltln v1 e~~ ~ t~~ ~~M ~v~~ q~ ef wow-pi~ ~t e~ ~rote~t. It t?is aote ia ~r centws m~turit> u~A t~~ ~a~ 4 P~~si ~ritA Y attKM~ /K l~IIKNN. tM ~n aw~ ~oesery A~rsN a~n~ to r 1 cests of coilectioa, iacludin ailacourt costs apa tea~~pa~b ~iNrwq (e~s. ~ • . . _._.....(SEALI John~~R.~~Beverly,~ 'I'rustee _ lSE1lLl -........ISEJIL) 1' and ahali duly~ pmmptly uM tully pertorm. discharge, execate, eftect, complett~, comply wlth and abide by each and every the stipulaUona, agreements. conditions and covenante of esid promissory note and of thia mortgagq, then tl~ia tnortgage and the eatate henby created shall cease and be null antt void. It is understood that eacA of We worcls, "note." "mortgagor" and "mortgages" respecdvety aad the pron- ouns referring theretcr whether in the eingular or plural anywhen in this mortgage. ahall be singular if one only and ahall be plural jointly and severally. if more than one, and shall be masculine. feminine and/or neuter. whee~ ever the context so impliea or admita. And said Mortgagor for himseli and hia heire~ legal representativea, auccesvors and as~lgns, he,nby coven- ants ana agrees to and with aaid ~Sortgagee~ hia legal repreaentativea, succe.ssor~ and asaigns: 1. To pay all and aingular the principal and intereat and the various and suadry auma ot money psysble b~ virtue oi aaid pmmiasory note. and this mortgage. each and every~ pmraptly on the daya respectively the ~am~ aeveratly become due, 2. To gay alt aad aingvlar the tazes, aseessments, leviea. llabll3t~es` obUgations and incumbrancea of every nature and kind now on said dwcribed pmperty. and/or that hereafter may be impc?sed, suffered, placed. levied or aseesaed thenupon, and/or that hereaiter may be tevied or asses+ed upon Ws mortgage and/or the indebted- nesa secured henby. each and every~ when due and payable according to law, before they become delinqueat, and before any interest attaches or any penalty is incurred; and in so far as any thereof is o! record the same shall be prompUy satisfled and discharged ot record snd the original oftcial document (auch as. tor instaace. the tax receipt or the satisfaction paper officially endoraed or ceKitied) shall be placed in the hands of esid Mortgagee within ten days neat after payment; and in the event that any thereot is not so paid, aatiefiM and discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or atfecting any option, Uen, equity or right under or by virtue of this mortgage, and the fuIl amouat ot each and every auch payment shall be Immediately due and payable and sball bear interest from the date Uureo! unUl paid at the rste of ten per centum per annum and together with such interest ahall be secured by the lieai of this mortgage. S. To place and continuously keep on the buiidinRa now or hereafter eltuate on said land fin and windstorm insurance in the usual standard policy torm, in a sum not less than i-•----••---••-•••• tn auch com- pany or comp^nies as may be approved by said Mortgagce: and all such insurance policles on any o! said build- ings, any interest therein or part thereof. in the aRfiregate aum atomsaid or in excess thereot, shall contain the usual standard mortgagee clause making the loc9 ur.der ar?id policiea, each and every. payable to said Mortga. ' gee as his entereat may appear. snd each and every such policy shaU be promptly delivered to and held by said Mottgagee; and, not less than ten days in advan~e of the expiration ot each pollcy, to deliver W aatd Mortgagee a renewsl thereof, toRether with a receipt fnr ihe premium of m~oh renewal; and there shall be no such inaur- ance placed on any of said buildinga, any interest therein or part thereot. unless in the form and with the loss psyable as atoresaid: and in the e~ ent at~y aum of money becomea payable under auch policy or pollciea suid Morigagee ahall have the opi3on to receive and apply the same on account of the lndebtedneas secured henby or to permit said Mortgagor to receive and uee it or any pnrt thereot for other pnrposes without thereby waivit~g or impairing any equity, lien or right under or by virtue o[ this mortgage; and 'en the avent eaid Mortgagor shall tor any reaso~ fail to keep the said premi~es so insurnd, or fatl to deliver promptly sny ot ssid policies o! insurance to said Mortgagee, or fail prompUy to pay fuily any premium therefor. or in any respect fall to per- torm, diacharge, execute, eftec~ comp)ete, comply with and abide hy this covenant, or any part hereof. said Mortg- sgee may place and pay tor such insurance or any part thereof without walving or affectlng any option, lien. equity or right under or by virtue of thie mortgage, and the full aq~tount ot each and every such psyment ahari be lmmediately due and payable t~nd ahali bear interest trom Lhe date thereof unt11 paid at the tate ot ten per centum per annum ~?nd together with such interest shall be eecured by the lien of ttw mortgage. 4. To perrNt, commit or auffer no waste, impairme~t or deteiiontion ot aald property or any part thereol. 6. 1b pay a11 and singulu the coets, charges and expenaes, tncluding naeonable lewyer'~ feea and cast ot abstracts ot titte, incwrrrd or pai@ at any tlme by sald Mortgsgee beceuse and/or fn the event oi the fallur~s on the part ot the ssid Mortgagor to duly, promptly and lully perform. dl~charge. e=ecute. effect, complctq, ; comply with and abide by each and everq the atipulatlons, agreemeats, conditlons and oovenanb ot said prnmis- ~ory note. atM this mortgage, any or elther, and said costs, chasges and espea~es, eacb at~d every. ~hall be im- h ; mediately due and psyable, whether or not there be notice. demand, ~ttempt to collect or suit pending; and ths I fWl amount of each and every auch payment shall bear intereet trom tbs date tbst+eo! uut11 paid st We rate ot ten per centum per annum: and all sald coet~, cbarges and e~cpeme~ ~o incurrsd or patq, together ~v1th ~uch !n- ( terest, shW bs kcnrcd by ths 1lea oi thfi mortgags. i ~ a~~~2 0~1884