HomeMy WebLinkAbout2364 Provided Alwaye, that if saic~ .~ltort~ac~or shall pa~/ unto the said JEfortga~ee ~
the certain promissory note, of which the fodloruin~ i.n words and ~t~icreR is a true cop~,
to wit: ~ -
~ s~a,ooo.oa ~ r.a~.w~. rLo~a•. ~ r. i~» :
o. a~ la.~on lo~a i~o)_~ ~ daa. ~o~fN t~ p~r os th~ o~+d~t ot,~oAs J1:~`.•
Ro~e, a~d Mtq? 11oMO. AI~ wl~. aad M~e S. M~o. •~1MI~ i»~• tM ot .
Nta~b t/w rio~~aad a~0 wo?100 do11~n at ~
iar ~alw r+~o~lwd ~rttl~ ia~a~t baa dat~ a• MnLNhw ~~ows. a~d iut~n~at ~t tb~ r~t~
~ ot Nw~ a~d on~ lnli t~• 1/`!1 O~~~t 0~~ ~aiwa~. tiy~ sroatAy? vo~~ao~fa/ o~
11pei1 l, 1l~i. all P~y~~ ~oZle~ns
~ 1. I~tak+~ts a4tw to 0~ a• 1AOe~r~~t Lot • M~ oi tMr~lw Il=) s~o~tb~ b+o~
' datt Mr~ot. tb~ sws oi t1ie~ lwa~derd dollats O~r ~oate t1i~ tlnt p~yMet dw oa tD~ _ j_,,,_
: ~ ~ M , 1l7~. ~
t. n~i~u. aad ao~~ea~W oa t!» tlste~atr voatb t[o~ tlM dat~ 1»r~oi.
l~taks» ~ln~ to O+~l? l~t+~st. tb~ ww ad io~r lwwde+~d doliars p~r nautb. sai~d pnr-
~nts ~ ooatl~w ~oit ~o addttt~l t~l~r~ ro~RA~. ~ ~
3. TM»alas. aad o0~~o1~q ow tM t~aR~-~ ~oat1~.lroi tM daa a~?not.
~ Ir~~k~t~? ~t+N ~o P~y tb~ au~ ot ~fx lwa~dr~d t~4b itM a~d t0/100 dQilae~ ~r '
~~af~d Nyw,rt ~o iaol~ v~~ aAd ia~n~t ~t tbr? aa ot Nw~ ao~d os~ lwlt ~!ro~at~
,(7•1/~%) ~ad • ll1c~ ~u~ ~o b~ p~La ~~oA ao~etb d~rirq tiM ~ b~not •ad ~~tll s~~uttty.
Irlak~a erNtw t4~ ~At ~o p~r'N~i ~tb0ut O~u~ltr. ~
S. ~Lat ~o t1M ~rr~t ot d~t~ult !r!? ~a~oa9~'~. tl~t ~oe~a~uu~r s1~a1I l+oolc
onl~ to tb~ pe+op~~t~? w?Lo? i~ t1M we~~at ot t4l~ ~oe~~ u~d ~oelq~orr i1wU lM~n dq
p~raoMl lsabtLtt~? ~ eM fad~bMd~~• ot La aa0? d~Ua~~? ~?btob a~fa~ tbro~qb
~oaalown saL~. ! +
It a~o~asar~l ~o cotZ~at tbt~ aob t1~e+oupb ~a ~t~o~asY. •itbrs o~ w. wh~thK saic~~. ~
s~aurity or ~adona. b~r~~j? aoe~ to oa~ aU oosts ~ as~tlo~n. laoludlav a e~u~o~b~
a~~'~ ~a. !b~ drr~+s ~ad ~adora~rs s~w~llr ~nlw ~s~ata~~nt for psriMdt. .
pe~aat aad aodo~ o[ p~+oast tot t~oa-Pry~~
gecres o i~le Home Park, a ltd. partnershi
- bv• s/rheodore Sobel _ _ i _ _ ;
~ '
.
, ~~.i~ r_tass, as general partners~s~al)
. _ h~aM~- ~.s~l~
~ • ~
and shall perjo~m, compty with and abide by e~tch and every tlae stipr~la~ions,
Q~reements, conditions mnd coveruints of said promissory note and of this deed, then
this deed mnd the esta,te hereby created shall eea„se and be nult and void.
Ari(~ the said JKort~a~or hereby cavencants_acnd a~ees:
.1. To pay alt and sin~ular the prineipal aru~ interest an~l other sr~m.s oj moneJ ;
payable by virtue of said promissonJ note and this deed, or eitlr.er, proni~~UJ n~r tlie
days respectively the same severally come due.
' Q. To pay all and sin~ular the taxes, assessments, leL~ies, li~bili.ti~~~, ~~bli6ations
~ aiad eneu~nbranees of every nature on said deseribed propert~ eac•h ancl eUerJ, and
if th,e same be not promptly pa~id the saaid .hfort~agee may cct any time pay the same ~
i without wa.iving or affectin~ the option to foreclose or ctny ri~ht Iaereunder, and eve~y ~
' payment so mude shall bear znterest from the date thereof at the rat,e of ~
I per cent. per dnnum. ~
! To pay all and sin~ular the costs, ch.ar~s~c an,d expenses, i~rclrulin~s laivJer's ~
E fees, reasonatbly incurred or pdid cLt acny tim,e by said J~ort~'a~ee Lecaicse of the fdilure
on the pctrt of the Said JKort~a~or to perform, comply uzth. an.d aLide by each and
` every the stipul,cttions, ct~'reem,ents, conditions and covenants of' said prumisso~y note ;
; and tliis deed, or either, cand euery such pacyment shall bear interest f'rom date dt the `
~ rate of 7- 1/2 per cent. per a,nnum.
To keep the bu~ldin~ now or hereafter on s~ricl la~rd i»sttred i» u sum ?rot
less thaii full insurable valne
Dollars, in a campaitr~ or companies to
be approved by Ba.id .hiortgac~ee, and ~he policy or policies h.eld by and ~yvble to sdid
.hfort,gac~'ee, and in the eUent any stcm of ~nonoy becomes payable under such poliey or
policies, the .M'ortgagee shall have the option to receive and upply the su~ne on accozcnt
of the irua~ebt,edne8s hereby $ecured or to permit the .~Kortgagor to receiUe and use it, or
; any pdrt thereof, for other purpose8, without tltereby waiving or ini pdirin~ any equity
; li,en or right under or b~ trirtue of this mortgmge, ctnd naay plaee ctnd paJ for such.
! insurance or ciny pctrt thereof, without waiving or ctf}ee~in~ the option to foreelose or
~ any right hereunder, ctnd each and every aueh pcLr~~nent shctll bedr intere~t frnm date
~ at the rufe of 7- 1/2 per ce~t. per dnnu~n.
` s~~~21? ~~~~23fi4
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