HomeMy WebLinkAbout1978 n!~~3~i1' : a :
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JENSEN BFJICH. t'losida. ............I~ lf.'J$.....
4' s.......~7.,..500..
Fo~ v,u.v~ . w. ,~,a.~.a. i~t .aa ....=.ut. PAOI~[ISE TO PJIY !o ~a.: ~
. v........ _T.E:SSIE...G~ABF.K
._.....Thixty... .Thousan~... :'iYe..~~u.n~lred.. ra1La._•~. and..so,l.1~...-.-.-.-.-.----.-.-.-.-.--.-.-.-.-.... Do~ns.
~ .............or ~utL olh~s plaa u lla lwld~r
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h~r~M maT d~si~aat~ W wrttie~ llwr wilh iat~s~s! lrom dat~ a! tM rat~ ot ...~:i..... p~s e~nttiun p~s annuai oa tb~ nayaid
balase~ w~tp maturitT. T6~ P Au aad W~s~d sbaU M du~ ~ad paT~bl~
~~445.15 per month, t t p nt being due one month from date hereo~, and
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to conti~~se `~c:~ n:onth there ' until pa.id. I'his ~ou~t of -445.15 paid each .
month sh21.1 ~fr;t be credited to nterest 3 the rerr1ainder to the principal o~
this obli~ation. I'his note m,ay be pr id at anytime and in ar~yamount the makers
d es ire ~nithout penalty.
lt it~rlt /K ~ar~ 1~ t~~ N7~Nt ~1 a~~ i~~t~U~~at ~t P~ ~r i~brat w a~~ N~ tMewf ts~ ~Y~ s~ t?~n ~f
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w~ ~utll TM wk~n ad NiMw~ d t~l~ ~ob fnrtl~r wdr• iw~i. Ntle~ ~f ~-~Va~t ~i M+~at lf t~ls Nb b~~t ~t
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i~atvlt~ ui tM M~I~ui ~Hi aa ~tt~q /w eel4etiM. W Mk~rs ~~i MiorsK~ Nn~t ~/*N N N7 all ewb. ef a1MctN~. belY~i ~eodrt
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N`s. B. Gerdowsky
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and shall duly, prompUy and fully perform, discharge, execute, eftect, completP, comply w~th and abide by each
and every the stipulations. agreemenls, conditions and covenants of said promissory note and of thia mortgage.
then this mortgage and the estate hereby created shall cease and be null and eoid. _
It is understood that each oi the wonls, "note," "mortgagor" and "mortgagee" respectively and the pron-
ouns referring thereto, whether in the singular or plurtsl anywhere in this mortgage, ahall be singular it one only
and shall be plural jointly and severally, if more than one, and shall be magculine, feminine and/or neuter. wher-
ever the context so implies or admits. ;
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And said Mortgagor for himself and his heirs, legal representatives, successors and assfgns. hereby rnven- =
ants ana agrees to and with said Mortgagee, his legal representa4ve9, successors and assigns: j
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1. To pay all and singular the principal and internat and the varloue and sundry sums ot money payable by ~
WMue of said promissory note. and tlus mortgage. each and every. promptly on the daya respectively the sarae
aeverally become due.
2. To pay all aad singular the taues, assessments, levies, liabilities, obligations and incumbrance9 of every
nature and kind now on said described properly, and/or that hereafter may be imposed, auffered. placed, levied
or assessed thereupon, and/or Lhat hereafter may be levied or assessed upon this mortgage and/or the indebted-
, ness secured hereby, each and every. when due and payable according to law. before they become delinquen~
! and before any interest attaches or a.ny penalty i9 incurred; and in so far as eny thereof is of record the same
~ shall be promptly satisfied and discharged ot record sind the original ofticial document (such as, for instance, '
~ ;he tax receipt or the satisfaction paper officially enciorsed or certifiedl shall be placed in the hands of said
~ Mortgagee within ten days next after payment; and in the event Lhat any thereof is not so paid, satisfied and
~ discharged, said Mortgagee may at any time pay the same or any pa~t thereo[ w~ithout wai~~ng or affecting .
any opti0n, lien, equity or right under or by ~•irtuP of this mortgage, and the full amount of each and every
such payment shall be immediately due sn~i ~ayable and shall bear intemst from the date thereof until paid ~
~ at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of thie ~
mortgage. ?
3. To place and continuously kecp on the buildin~s now or hereafter situate on said land fire and windstorm 5
insurance in the u.Sual standard policy form, in a sum not less than s...-.--.M~?n~---------------~--------. ~n such com- °
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pany or comprnics as may be approved by cai~l 1?T~rt~;a~ce; an~l all such insurance policies on any of said build- !
inga, any interest therein or part thereof, in the a~~re~ate sum aforesaid or in exce9s thereot, shall contain the
usual standard mort~agee clause makinR the 1~~~g ur.~i~r said (wlicies, each and every, payable to said bioriga.
gee as his interest may appear, and each ar.d ei•e,-y su~•h policy shall be promptly delivered to and held by eaid
biortgagee: and, not less than ten days in adt•an~e of the expiration of each policy, to deliver to snid btortgagee
a rene~va] thereof, toKether with a receipt f~r thP prPmium ~t an~h r~newnl: and there shall be no such insur-
ance placed on any of said buildinRs, any interesC therein or part thereot, unless in the form and with the loss
payable as aforesaid: and in the e~ent any sum ot money becomes payable under such pollcy or policies said
Mort~;a~ee shall ha~•e the option to recei~•e and apply the Rxme on account ot the indebtednes, secured hereby or
to permit said Mort~;agor to receive and uce it or any part thereot for other purposes without thereby waiving
or impairing any equity, lien or ri~ht under or by virtue of tt~is mortgage; and in the event 9a3d Mortgagor shall
for any renso~ tail to keep the said premis~s so in.~ur~d, or fail to dellver prompUy any of said policies o!
~ insurance to said rtoriga~ee, or fail promptlp to pay tully any premium therefor, or in any respect fail to per-
~ form, discharRe, execute, etfect, complete, comply ~~-ith and abide by this covenant, or any part hereof, said 211ortg-
ageP may place and pav for such insurance or xny part ihereof without waiving or aifecting any option, lien,
~ equity or right under or by ~~irtue of this mortgage, anJ the fuil :?mo~mt of each and every auch payment shall ,
be immediately due and pa~•able and shali bear intPrest from the date thereof until paid at the rate of ten per
centum per annum and together with such interest shall be aecured by the lien oi thia mortgaqe.
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4. To permlt, commit or si~fter no Kaste, impairment or deterioration ot satd property or any part thereot. `
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~ 6. To pay all and ain~ular the costs, charges and expenses, including reasonable Iawye~e fees and ca+t of _
abstracts ot title, incurred or paid at any ttme by said Mortgagee because and/or 1n the event ot the failure
on the part ot the said MortgaRor to duly, promptly and fully perforro, dfacharge, e~[ecute, effect, complete,
comply with and abide by each and every the stipulation~, agreementa, conditlons and covenanta ot said promis- -
sory note, and this mortgage, wny or either, and said costs. charges and eapenae~, each and every, aheU be im-
~ mediately due and payabie, whether or not there be notice, demand, attempt to collect or ault pending; and the
~ full amount ot each and every auch pavment ahall bear interest from the date thereoi until pald at the rate o!
ten per centum per a:u~um; and all aatd co~te, charges t,nd expenees so incurnd or paid, together with auch in-
terest, shall be secured Dy the Uen of thls mortgage.
soo~ 213 Pa~ ~.975
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