HomeMy WebLinkAbout2327 i
~o ~inue and to ~iold !he some, togethe~ wifh Ihe fener~nla. ~e~c~ita~tvnb and appurle-
??a?~ces Ihprefo {~e~ongin{~, an~ t{~P rents, issues ancr prof ifs theero(, unto t~ie mortgagee, in ~ee simp~e.
I~~e mortgagor coi~enants wilti tf~e morfgogee fhat f~e mortgagor is indejea~ib~y seized o( snid
~an~ in (ee simp~e; ftiaf l~ie mortgagor has gow~ rigtit and ~nwJu~ aut~o~iiy to convey ,atd la?~d aa ajore-
saic~: ~ha~ ~hp mo?fgagor wi« ma~e such f urther assurances fo pe~pet the (ee simpls title to said Iane~ in t~e
mort~agee as may reasonably 6e ?equired: that the mortgagor 1?ereby ~ully wu~rants the tille to satd la??d
ari~l u~ill de~end the same against the !aw)ul clainu o~ all persoru whomaoever: nnd that aaid Iand is jree
a~id clrar o/ oll encumbrances
_~s~. . . -
~rouided ~lways, lhat ij snid mortgagor ~hall ~y unto saicr mortgagee the certain promit-
sory note hereinaJter su6se~~~nlly copiecj or iclenliJiecj, to-wif:
,
ti
1
$2~,850.00 1 _ . - ~ „ . Canada July 1972
;
FOR VALUE RECEIVED, I promise to pay to the order of LYLE IIAKER
ana DOROTHY BAKER, his wife, the sum of TWENTY FOUR THOUSAND EIGHT HliNDRED
Al\D FIFTY DO:.,LARS ($24, 850.00) , with interest fro:1 date until fully paid
a ~ t:ze rate of SEVE\ Ati~ O`~ HALF PERCE:QT (7 1/2%) per annum on the unpaid
j balance of principal, payable in THREE (3) equal annual principal install-
E n,e:ts together with accru~d interest, due and payable as follows:
i $8,283.33 p~us accrued interest on July 2~5 , 1973
~ $8,283.33 plus accrued interest on July 2~, 1974
~ $8,283.34 plus accrued interest on July 1975.
~ jhe maker of this no
te s11a11 have the right of prepayment
without penalty.
I~ Gefault be made in the payment of any installment under this
:.~t` ar.d if such default shall continue for Thirty (30) days or more
~ro,;, tr.e date said installment was due, then the entire principal sum
ana accrued interest shall be at once due and payable without notice,
at t:e option of the holder of this note. Failure to exercise this
o~tio:~ snall not constitute a waiver of the right to exercise the same
i:, tne eveat of any subsequent uefault.
TY~.e r,~aker and endorser of this note further agrees to waive
de.:,and, notice of non-payment and protest of this note, and in the event
~ suit shall be brought for the collection thereof, or same has to be
~
~ coiiected upon demand of an attorney,'to pay all osts of such collection,
inciudin5 reasonable attorney's fees.~ t
~ ~ . ; + j
~ ~
~ ; ~ . ! ~ {
~SEAL )
~ /
~ .
~i -
£
~
go~~~ ~~~~7
~ = - s ~
~C~e.~ ~'v'~"~= .fL~~'s-td v~?,. P. ~ 5 ' _ _ s _ ~.a