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Home My WebLink About2897 , s 1~~ 500. ~JJ STqXRT. F~o~iaa. D4C@Yr1~~+r 12, ~e72 ~ F'oA VALUE AECEIYED. the undersi ~ed, joinily aod severally, PROMISE TO PAY to the order o! , J ~~~AG~ ~A~K, A ~'1~.r.1,d,~..~t~l~q Co.~p?r~t1~ ~ e Thoussnd Fiv~.Hun+drrd L~olla~g ea+d nollUO ----.--------------DOLLARS. ( ~ .tt . ~ ~y _fg}~S~- 8~g~.. ~i'~pr.~g... . . _ . _ ; or such oiher place as the holder he:eot may designa! in ~rriting, fogelh~t with iniecest itom date a! ihe rate o! ~j~ per cenium per a~wum on lhe unpaid 6alance unt l maturit~. The :sid priacipal a~d inte~est shal! be due and payable as iollows: ' ~ w 185. ? a month, the tir~t p~ymant beinq due one month i: om dste hereot, and to continu or ea month ther til paid. Thib sum of q'lflfi.8? paid e4ch month ~ shall i1r~t credited to est an e cemainder to the pcincipal ~f thiF vbllqation. ~ This note may be prepaid anytime s~id !n ~~~refi ~ rit8 as ~ocake~•s debire with~ut p~alty. ~ 80 ~ !1 drtault 6e madr for days in the payment ol aoy inslallment ol pri~cipal or inleres~ or any p r1 th •ol, th~ w~t~ol. •um Ihe~ remainin~ ~np.aid v~tA interest ~hall af holder'• option become due apd p~1+6ie ~itAout not~ce. Failure to r~~rcise wah op ~ou Aall not .onehtut~ waiver ot the ~ r~~ht to extrcise tAe sam~ in lLe tv~nt of aubsequeal default, Alter maturity bu p~in_~pal aad a.crurd inhrr .JI b.~r inta~r.~+1 at ~ pe? crntum ~ Vrr annum unlil p~~d. TA~ makrrs ~nd endorsers oi this note turtAer rair~ de nd, aotice ol non-payment protect. 1! tA~+ n.~te i~ not paid at matur~ty and t6e same is plwud r~th ~n attotner tor colleelion, Ihe makers •nd en orser~ Aereof a~ree lo DaY a.•+t? uf an(Itctwn, ~ncluJin~ aN court co.es +nd r~~sonable •:torney fees. j C • r 1~ ~ ~ ` iti r~ _Raymond vi~IIS~II18 (SEALI lSEAL) Dorat2~y M, Vk'illlemB ~ _ . _ (SEllL1 i and shatl duly, promptly artd fully perfortn, dischsrge, executr, efte~~t, completr, ~~omply with and abide by eaeh and e~~er~ the stipulations, agreements, condRiu:~s and co~enants of s~d pronusaory note and of this mortgage. then this mortgage and the estate hereby created shall cea~e and be nult antl roid. It is understood that each of the ~~'or~s, "note.'" "mort~agor" and "mort~agee" respectirely snd the pron- oun~ re[erring thereto, wheiher in the singular or plural anyvvhere in th1~ mortgage, ahall be s~ngular if one only and shalt be plural jointly and severallp, if more Lhan one, and sh:?U be mngculine, feminine and/or neuter, wher- e~•er the context so implies or admits. Md said Mortgagor for himselt and his heirs, legal r,~presentatir•es, successors and assigns, hereDy covea- ants ana agrees to and with said 1?tortgagee, his legal reprrsentati~•es, succFSSOrs and assigns: 1. To pay all and singular the principal and interest and the various and aundry sums of money payable by virtue of said promissory note, and this mortgage, each and every, prompUy on the days respectively the same severally become due. 2. To pay alt and sin~lar the taxes, asses.sments, le~ies, liabilitie9, obli~ations and incumbrances of every nature and kind now on said descr?bed property, and.'or that hereatter may be imposed, auffered, placed, le~-ied or assessed thereupon, andior that hereafter may be feried or asse~Qed upon ihis mortgage and~or the indebted- ness secured hereby, each and e~•ery, uhen due and payable according to law, before they become delinquent, and before any interest aitaches or any penalty is ittcurrrd; and in so far as any thereof is oE record the same shal! be ptvmptly satisfied and dischareed of rccord and the onginal off?ciai document (such as, for i~?stance, :he tax receipt er the satistaciion paper officiaqy emiorsed or certified? shall be placed in the hands of said :ltortgagee K~thin len da~s next after payment: and in the e~~eni that any thercof is not so paid, satisfied and discharged, said rtortgaFee may at any time pay the same or ant part thereof ~rithout wai~~ng or affecting any option, lien, equity or right under or b~• ~-~rLu~ of thts m~rtga~~, and the futl amouni ol e8ch and every such payment shal! be immediately ~lue and j~ayab:e and shall benr intcr~st from the date thereot until paid at the rate of ten per centurn per annum an~i t~~~eth~r w-ith such interest shall be secured by the lien of this mortgage. 3_ To place and continuously keep on the b~~cl~t~n~s now or hereafter sttuate on said land fire and windstorm insurance m the usual standard pulicy form, in a ~um n~t tess than S.._~.~z 500r..00 . , fn sech com- pany or cornp^~:~,s as may be appmrrd b~• ~ai~l Al~,rirar~~e: ~n~! all surh insurance policies on any of said build- ings, any interest therein or part thereof, in the n~,rrgate sum afore~aid or in excess thereo[, shall contain the usual standard n~~rt,ageP clause mak~n~ the I~,~s ur.d~~r s:iid potiries, earh and everv, payable to said 1?Tortga- gee as his fnterest ma~• appear, and each ar.~l e~•~~r~~ su~ h p~~l,c} ahall be promptly deli~•ered to and held by said 1?Iort~agee; an~1, not less than ten ~lavs in nd~an~e ~f the Px~,iration of each policy, to deliver to said btort~agee a ren~tral thereof, to~ether x•itt? a receept f~r ihP prP~ium nt au~~h r~ne~val: and there shall be no such insur- ance placed on an} of ~aid bi~il~linRs, any interest th~rein or rart thereo[, unlec9 in the form and with the lose pa~~ahle as aforesaid: and in the e~•Pnf :u?~ sum of mc~ney becnmes paysble under siich policy or policies said Mnrts;a~ee shall hat~e ihe opti~~n to r~•cei.•e and appl~~ the sam~~ on a~count of the indebtedness secured hereby or to rrrmit sa;d ~Sort~a~or to re~ei~•~ nnd use ~t or any part thercot for other puc7~oses without thereby ~vaiving or impairing an}• equity, fien or rfiht under nr by rirtue of Lhis mortgaRe; and in the event said Mortga~or shall for ant reaso~ fai! to keep the ~aid pr?mic~,s sn in~ured, ar fail to deHver promptly ant ot said policies ot insurance to said \t~rt~a~ce. or fail pmmpUy to pay Nitly any premium therefor, or in any respect fail Ln per- form, dischar~e, exe~-u;e. effcct, completP, romply u-ith and abide bv this co~enant, or an) part hereof, said ~tortg- aReP may place and pap t~~r such inaurance or any part thereof ~vithout v~ai~ing or a[fectin~ an.V option. 1iPn, equii~ or ri~ht under or b}• ~•irtne of this mort~aRe, an~l th~ full anioi~nt ot each and everV s~tch payment shall be immediately duP and payabie and shall bPar intPrest from the date ther~of unttl paid at the rate ot ten per centum per annum and together kith such interest shall be secored by the lien ot thia mortga~e. 4. To permlt, commit or suffcr no ~+a9te, impairment or detertoration ot satd propetty or any part thereof. b. To pay all and sin~ular the costs, char~es and expenses, induding tea4onabte lau7~et'e fees and cavt o! abs[racts of title, ln~urred or raid at any time by satd rtortgagee becnuse andior in the e~ent of the fallure on the part ot the said btortgaRor to duly, promptly and fully perform, dtscharge, execute, effect, complete~ romply ~a~th and abtde by each nnd erPry the siinulaiion~, agreement~. conditions and covenante ot said promis- sory note, and thi9 mortRa~e, tiny or eithPr, wnd said cost~, charges and eapenses, each and every, ahall be im- mediately due and payable, vvhether or not ihere be notice, demund, sttempt to cotlect or sutt pendin~: and Lhe full amount ot each and everp such pa}~rnent shall bear interest trom the dete thereof unttl pafd at the rate of ten per centum per annum: and all satd co~te, charges snd eapenees ao lncurred or paid. together w~ith auc6 la- terest, ehail De eecured by tha tlen ot ihls morigage. acox ~~cf28~ ~ ~ _ ~ ; - - - ~;3~ ~ ~ ~ _ 5~~~~~_~.~~, ~ - ~