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Home My WebLink About0844 Y011i0~Ai0! Noi! - 1~ 01l11 MORTGAGE NOTE i P~. PiaYSS ~~;a, AuQUSt 1 ~ lq ~ Robe t S. Srest • Mir~u JeffreE • St . u~Cowity d a~ n c~,r a~i~i~e~~`~ e saeo au . e re co~erl~a witlla intawt cbenow ~roni d rots p. a,d. p.r aa~um ,ndwitp. Tbs ,a;d pr;~et end intsrat bei~ payebi. .t Fto~? or ~t aclli oNws pJsat ~t tl~s holda /e~~ msp deai~b ia ~nitinY. Tl+s arid p~ip~d ad intawt beins prrtWt 4 The principal indsbtedness shall be~payable in S equal, annual installments ~ of =30,000.00 sach, togethsr Mith interest payable annualiy on declining principal balances, Mith lst installment of principal and interest due 1 year fro~ date hereof. Tlda nas may bs pr~td af ter .~a~at any t~~t~~ ~N~t~~iit~i~i fNb we~e b aawwi b•~s~ts e~w lw.~nr+rlt~ M/ b~o as enw~troer ar e~n~/ ~oc+w~6~ a t~t Ns ~e 3~r~r~ e/ fbrY~ w~ dk /Wh.r e1 de w~bs~ Aenisl ro~ rv ,r~ ?~r~,1 w be ~ bs dr nrws o1 N~lr woa o? tAs ~r~rL~ wo.ra~a. M~N4 ~ ab s~v~e~llj bs~c+o~w~ !r. o~ ~y~sw ~s bnreA M rq +r4~r1o~. tsnrwe~r o~ ovvrwwr e/ tk6 won o? o/ t~r x~wL~ ~war~e. rAe eirtn ~nw N vr~we+Mt w~ 6~en~r nw~G4~ ~t/ a~ ~f tAs aN1w~ e/ tAe ~oYe? A~arol, ~i ~ a/ Dq+~81r. FdAwr b esen~t~r a~ii qrbw 1~/ l~Of OOINfr11M f 11~Mf? O~ f~t f0 firK'Lf t~t ~ft ~f W lfbK~YlRf tLIM. ZJFb wor•. 6~Ch~Jws ~ry 8uf~q~wswr vs~rsr oj ~.6~d/+I .t.//e. arerar. aA.B bA.r i.Mnar ~r tbr na oJ 8 ~e. oewr• v~. ~ i 1~ fAt nsprctMs w~trt~f ~M tbt?s~s/ ~arl1 /d/. . !+k'~WJnt ~ 6ur~Wwew? /+~n~t~,~ 4~ ~/wn~Nh wJYes ri~ir. wr f~e o1+~ t~~o~Met~ ~L~efidb~ ~ nniaa~bJe arto~nN+ Isr. lw tAt e~f Nk6 wott, +~1' 1o t+dlsdbw. ~vberlrer ~Ir be bnorsb or wot. E~ok ~1rn at ew/own we~enBy rrlwi l~w~ Notat a~ wrtk+~ ol ~l'. +~Ml+~ or ~tat al d/ orAer ~rweai we~c+rsa~ry a 110~/ a akw u~8~i. .~.ken .w/ ew/one.s. ATTEST: ~1._1L CORPORATION ~Sg,~,~ ' ( SEAL ) `5~~~ eonar p e voge , sst. ec. M. P. Flpnn, President ~ ~ and shall duly. promptly and tuliy pertorm, discharge, execute, eftec~ completn. comply wlth and ablde by each and every the atipulaUons. agreemente, conditfona and covenants ot eaid promissory note and of this mortgags. then thls mortgage and the estate hereby created ahall cesae and be null and vo/d. IE ie underatood that each ot tha worde~ "note," "morigagor" and "mortgagee" reapacUvely snd ths pron• ? ouns reterring thereto. whether tha eingular or plural anywhera 1n thts mortgage. shall be sfngular ff ona only and ahall be plural iotntly and 9everally, 1[ more than o~e. and ahall be mesculine. feminlne and/or neuter~ wher- ever the context so implie9 or admits. " Md aafd Mortgagor for hlmaelt and hia heirs, legal representaUvee. succeseoss and asslgns. heteby' coven- ants aaa agree9 to and with eaid Mortgagee. his legal repreeentaqves. auccessore aitc~assigns: l. To pay W nnd aingula~ lhe pHncipal and tntereat and tha vncious and sundrq sume ot raoney psy~bla by vlrtue of said protrtissory note. and tlUe mortgage. each and cvery~ prompUy on the daya reapecUvely tbs sams ~ aevetally becoma dua ~ i 2. To pay all and atngular the Gvice~, esvessments, levle9, liabllitle9. obUgatlons and incumbrances oi every ; ; nature and ktnd now on aatd described property. and/or thet hereatter may ba lmpwed, autfered, placed, levied f E or a~sessed thereupon, nnd/or that hereatter mxy be levied or asses~ed upon this mortgage and/or the lndebted- ? i nea9 ~ecured hereby, each and every, when due and payeble accor~ing to law. betore they become dellnquent~ ; ` and before any interest attaches or any penalty 1s incurred; and ln so tar ae any thereof ia ot reoord tt~e same # ehall be promptly satls[ied and discharged of record an3 the origlrial oftlcial document (euch as. tor inetance, ~ the tax recefpt or the satlatucteon paper o[tictally endorsed or certified) shall be placed in the hands ot said Mortgagea wlthln t~n dayr next n[ter payment; and fn the event that any thereoi is not so pafd, •satlstled and discharged. said Mortgngee moy at any Ume pay the same or any part thereot without waiving or aficcting ~ any option, lien, equity ur right under or by virtue ot this mortgage. and the tull amount of each end every such payment ahall be lmmedlately due and psyabie and shall bear intereat from the date thereot until pald at the rate ot ten pc+r centurn per annum and together with such intere9t ehall be secured by the Uen of thii ~ i mortgage. • a. To place and cont~nuously keep on the buildin~a now or hereatter eltuste on safd land flre and windatorm inaurance In the u.4ual standard policy form, In a sum not less than = .............._.I1I~A......................._...._.., in auch com- pany or comp;~ntes as may be appravrd by said MorlRa~ce; and aU such 1n.gur.~nco polictes on any ot sald bulid- Inge, any interest thereln or part thereof, in tl~e nggregato au~n atornyaid or !n excc9s thereot, ahall contaln the ; usual atandard mortfiagee clause mxking the loss un~fe~ said policie~, each and every, pnyable to sald Mortga- ~ gee aa hie intereat may appear. and ench end every such policy +haU be promptly dellvered to and heid by aaid Mortgagee: and, not less than ten days in advance o[ the expirallon of each policy. to deliver to satd Mnrtgngee a renewal thereof, together with a receipt tor lhe premium of such reoewal; end there ahall be no such fnsur= ance piaced on any of said buildin~s, any interest therein or part thereol, unle~ in the torm and wlth the lo~:~ payable ae aforesaid: and In the event nny aum o[ money bpcomes payable under auch pollcy or policie~ sald ~[ortKagee ahall have the opUon to receive and apply the eame on accounl ot lhe Indebtednesa accurecl hereby or + _ to (~e~mit snid Mortgagor to recelve and use 1t or any pnrt thereof for other purpo~es arithuut thereby walvfng o~ impslring any equlty, Ilen or rlght under or by vfrtue of th19 niortgage; and in the event eald Mortgagor shsA ~ tor any reason fell to keep the sald premi,cs so Insur~d, or fail to dellver prnmptly any ot sald policies ot f ~ Irusurance to aafd Mortgagce, or fall promplly to pay fully any premfum therefor. or in any respect fell to per- ~ ~ form, diachargo, execute, e[fec~ complete, co~np{y with and abfde by this covenant, or any part hereoi, said l?tortg- agee may place snd psy for euch lneurance or eny part thereo[ without w~iving or nttectlng sny option, lier4 ~ ~ equity o~ tight under or by virtue of thia mortRuge, and thc [ull nmount oI ench and every euch psyment shall ~ bs Immedistely due and payablo wnd shnll bcar interest trom the dato thercot until pnld st tha n?te ot ten pee oentum per anaum snd together wlth such lnterest shall be eecured by the llen ot this mortgage. To pcrmlt~ commlt or sufter no waete. Impnlrment or deterlondoa ot aatd property or any psrt thereot. ~ ~ 6. To psy all sad stngular the coeta, char~es and expenses, Including sensonable lnwyee'~ tees and cast of ; abstracb ot title. lncurrnf or pald at any tlme by ~ald MaKga~ce becnuse snd/or In the event o! tlie lallur~ on ths part ot tbe eald l+[ortgsgor to duly, prom~?Uy nnd tully perform. dlscharge, e~cecuts. etlect~ complets. ~ oomply wlth ud abldo by ench and evpry ths stlpnlada~s, ~n~ments, condlUons anA covenxnb ot e+~1d promis- ~ ~ory notey snd thls mortRage, any or elther, and enld ca~ts, r.hxr~es and ex{iensea. cach and every, sh~U M tm- _ medistely due and pay~bla. whether ar nat tAcrn I~c notlc~, ~Mmnnd, attem~it to collect or sult pe~ding; lu~d tb~ _ tull amount ot each a~d evcry euch pnymcnt ehnll t+cnr Int~rrat tmm the dsts theroot unW pMd at th~ nte ot ~ ten per ccntum per annum; and all xnld c~e+tw, chnr~es and ex~K:necs uo Incurr~d oe pa1~1, toretlssr alth ~ucb ts~ ~ t~rp~ ahall Os ~cured bp ths Ilca ot thia n~artgagc. ~ ~ aaox+~ ~ ~ _ _ ' ~ fyV ~~~~~u: ~-.a_~., t...~r. z... ~ . ~ , s.~'~ e'3Ti'"mi.~