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1'ROVlI)I~:U~ Al.R'AYS, ihat i! th~ 11orl~r~;ur ~hall ~,a~ un~n ~hr 'U~n~F.~~~~ Ih~ in~irbtednr•~ r.idem•r~l by •
certaiu promiwory note ut which 1he following in wonls a~d fig~~rr~ i~ a true cu~~~ to•wit:
,
17, 750.00 .1V~1 18 7
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iOR VALUE RECEIYEO t1N ~~~~~.yw~ w~wises M r N!b~ •rA~r ~f ~RY E• ~'Q~ ~ d V dLl~lly ~ld
a.~~cecu~trix_ ~f the _ will o~ ALB~FORD deceased M. ..i~iai w~ .
SEV8~1~1~5'~II ~jTB~D 8~ 7 00 hl~fM~ MIfA IIIN~Nf MfrN11 fn~w ~~t~ ~f fb~ nN ~f
_oe?e~wt. ~e~ ~11wN1 wwwcihl. 1N1h ~dweiNl ~w~ iwt~etst ~tiw~ p~~o?b iw bwfrl wontr ef fb nitd tet w iM
~~~r ~t_~ ~ Pr f si al Buildin Lorain_O~~o _4~0~ or
wid o~iscip~l s~w aw~ iw~e~est te p~r~ e~ th• ~ttt ew 41a ~w~ers ~s s~ifid Nkw, tawit: ~1 ~~V~ ~S~ AQL1al
payosnt• of $3,550.00 psr annva, plu~ 79i int~r~~t on th~ unpaid balaacv rrith
th~ first paymeat du~ and payabls thereo~ on~ (1) year frwa dat~ oa Jvily
1974, ~?ith all sub~equant pay~ents to b~ std~ o~ the dat~ of ~ach year
for tha follo~winq faur (4) y~ara. This uote may not bs paid ia whol~ or ia
part prior to January l, 1974, but may be pr~paid in Nhol~ or ia part at any
ti~s a~tsr Jaauary 1, 1974. Thi~ not~ contain~~ a thirty (30) day qrace
period.
Such instoHment poyme~ts shoN be opplied first to the interest occ.uing under the terms of this ~?ote ond then to o.eduction of the
princ~pol indebtedness.
• Each ma\~r and endonn uve~ally wa~+~s dem~nd, protest and notKe of en~twity w tar~nf~oe non-p~yment or protese ~nd ~M requ~•emenfa n~cdsa.y fo lald e~ch of
~heT i,~b11 ~s m~kers ~nd ~ndorser~.
i facA ma?er ~nd endo.u~ aq~e~f, loiatly ~nd s~v~r~lly, to D~y +II coa» of cotl~ctlon. includ~r.q • r~ason~bl~ at~wnty'a lees ~n use the princ~pal ol t!~i~ note or anY
c;:~-.en~ w. ~he princip~l o. any w,~eresr ~hers~n is not p~id the r~specuw nuhxify the.eot, w~o cne it becomes nec~ia~ry to prorect ~he secwiry Aereof, whtthe~ wit b~
~ bro~~ M p not as weq as
~ p~~rment of ananer's fees on spptal.
ihr~ not! ~nd dtfM~~d intlresl pay`m~enrts shdl bear iatMNf ~t tM r~N Of ~ ptr t~n1 pN ~nn~m fran m~f~r~ty u~1-1 pa~d.
Th~s noq ~s s~cvred by • =u ~ ~~o~~9p~ of ~ven dN~ Mr~wi~A u~d is to b~ conftr~ ~ ~nfac~d ~ccadinq to ~M I~ws of tha S~a+~ ol Fldid~j
, po~~ de(ault ~he aaymene o( W~nupN Md/w imer~st dw on ~ny not~ s~cw~d bY Nid mortop~. aN rnounn w acvrM a~d reenainlnq unp~id ~MII talhwiM b~conw
d~e .~d Pav+bb no~wirhshndirp tMir t~nor. ~t tM option of Mr lioldM.
$26.70 State Stamps affixed to g/~~S A. FRaNKEL • ~
original note and cancelled. ~g~g A, gg~y
QS~
and shall per[or~n, comply with and abide b~ each ~ad every the ~tipulations, a6reeme~q, conditiotu and covenante of
eaid promi~sor~- note and of this deed, ihen thie deed and the estate thereb} ereated ah~ll cease and be nuli and void.
1. The Mortqagor hereb~ cov~nanis and agreee: .
1~1 To par dl ~nd sinaul~r the princip~l and intere~~ ~aJ other .ums ot m.ne~ p.y.hle f~y ~irtue of wid promitwrr note •nd this
deed, or eithe~, promp~ly un the day~ re~pe~tiv~ly thr ~am~ ~e~erallr betemer due.
(bl To permit. commit or sulfer no w~ue aad ~o nirintaiA tbt io~~wemeat~ ~t ~11 timn in • sute ui Rood repair a~d eonditioa; ~nd
~o do or permit to tK oone to wid prea~ue~ no~hinR that will alter or eh~nRe the u~e ~nd eh~nrter of wid property or in .py ...y
impair ur xe~ken the ~ecuri~y uf thi~ mortpae. And ia ~s~e ef t6e ~etusd~ neElece or ieabi!«r .,t ~he ~1ort`t6oc to repair aod mainUio
~aid propert~. ~he Nort~Ree m~y~ u hii option. makt wt4 rep~in or c~we the ~ame ~o be ~n~de, ~nd ~dv~nce moners iw that belul(.
Icl Tu pay ~II ~nd sinRular the t~xes. ~ssessmtau, levie~, li~bilKies. •nd obliptions o( e~ery aatu~e on wid dc~cribed p~rapert> eaeh
and cverp wben dae a~~d Par.ble ~ccordin6 te law~ betore il~er be~ome delinquen~ ~nd to deliver to tbe liort~~ee on or before Marth
lS~h of e•eh ye•r ux rece~pta eridencin~ tbe payn~~nt uf dl l~wiully imposed Uxes for ~he ~precedia~ nleodar year• lo indanni(r t6e
Nort~~ee upon hi~ demand ~or ~11 tun, wewmrnts ~nd eharEea that m~y be usessed upun this mort~~e on t6t indebtednen ~eeured
herebr. ~nd p~id by t6e murtRt~te. w-etbont reprd iu ~ny )aw henlnfure enscted or here~fter to be eructed i~npoain~ p~~nnent of tht
whole o~ ~oy p~rt thenot upoa the Monp~cee. _
Idl To pq dl and ~inrtl~? tLt ars~s, c6~rses and e:penscs~ includinR l~vnen ite~ ~ad ~L~~r~ct co~ts rcuonably ineutrtd orpa id ~t
~~7 ume dr the 1~ortp~ee becsuse ut the t~ilu?r oo tlx part e! tbe yortp~tot to pedorn~. eeruplr wi~h and ~bide by t~eh ~nd every
tAe ~tipul~tion~~ aQeemenls. condi~iuns ~nd cu~e~unts u( ~~id prom~rwry note ~nd this dted. or either. ~nd tverr sueh p~ayment ~hdl
bear interett fran d~te ~t the nte of Ppx a~~~
~ le) It u fnrther eoveruntcd and aEreed by wid p~rtie~ that in tf~e e.ent of a fuit bein6 inui~uted to fure~loae Ibi~ mortpie. tbc 1Hon-
i p~ee ~hall be eatitled to applr ~t ~ny ~ime pend~n~ snc6 foreelo~ure suit tu the court h~via~ juri~Jietiun elureof for the ~ppointmeat
~ o( a reeeiver of all ~nd ~in`ul~r the munra~ed propertr. ~nd of dl rents~ incun~es. pro6u, iaua ~nd reveaucs thereot~ trom w6atioevt~
~ouree derived; ~nd thereupon it ia hereb~ esprearl~ coveoantar) •nd aRrted ilut the Court ~hall fo~thwith ~ppoiat ~ueh rteeiver with
j the wual por?en ~~d dutia of reeei~en in like ~ut~; ~nd aid ~ppointment tlull bt m~de bp the court ~s • m~lter o/ ~tri~t ti~6t tu
; the Mon~Ree~ •nd without rdc~ence to ~he ~deqwcr ur ieadeqw~r of thr vrlae of tbe propenr hereby niort~sRed. o? to the ~olvency
~ or inaolvener of the ~[ortN~on or ~nr vtber p~r1r defend~nt tu su~h suit. 'The ~1on~6or hereby ~pe~i6c+llr w~ive~ the ri~Lt tu
object to the appoinunent ot a ~tcti~er as ~(uresaid ~nd herebf ~eprrs~lr consents th~t ~ach appuinunent shaN be nude ~n ~drnitted
eqnitr and u a m~tter of ~bsolute riaht te the Nortpaee and ~I~t Ihe wme m~y be dont withoul ooti~t to ~he Mort~so~.
€ (f ) U(ore~losure pru~eedinp shoulJ be inuituted aptirot the prupertr co~ered by this mort~Re upun snr other litn or el~im wF~tther
3 ~lk~ed to be ~upe~ior ~r juniur tu ~he lien of this ~uon~6e, thr ~tortp~ee m~y rt 4~s option immedi~tel~ upon inuitution of ~nch
~ui~ or duriaa !he pendenry thrrtuf derlire ~bis mortasse ~nd tbt ie~kbtednrss secured herebY dae ~nd p~y~ble torthwith and niay at
i its option proceed to forerlwe ~his ~nortpR~.
~ 1~1 Tlut tht Nortp~or wi11 ketp all r~a) ¦nd per:onsl propeny noM or h~r~~fltr ~n~umbered by tht lien uf tbit murtRsEe in~uted
u mar be required (rom tirtee to ~ix~e ky Ibe 11ortEa~et a~sintt l~ss t.r 6rt. »indatonn •nd o~htr h~c~~Js, r~wslties •nJ ronlinEencit~
~ tor su~h period~ snd fo~ uut letF than •u~h aa~uuntE ~s nu~ be t~quired b~ the ~1ortF~Fee ~nd to p~r promptly whrn Jue •11 premium~
_ for ~Nrh iniuran~e. The ~muuntc ut in~urrnee required DY th~ NonRsRer sh~N !~e t1i~ n?iniruare; s+nounts !or wl~i~h eaid ;nrur~nr~ ~hall
; be wri~ten rnd it ahd) be in~wnl,~nt upun the ~IortEaEor to m~id~in Eu~h aJditi~~nd irucuran~e as mry Le ne~~sa~rr to me~l aaJ ~ompIy
` (ullr r+ith all eo-in~unn~r requiremenb tonuined in wid poli~ita ~o th~ end ~h~t tht qid NorlpRor i~ not s ~ain~uror ~he~~under.
' Irueran~e aball Le writtrn by • rumpsny or ~ump~nin ~pproved or d~siFnwted I~y the Nor1R~Ree and all puli~ies ~nd rentwds ~hereol
~ •h.ll be held br ~he NonRaRec. Atl deu~ted dniRna~ionf by ~hr 11Tor~RaRor whi~h ar~ ~c~epled br Il~e No~t~taRee and dl a~~emem~
bet~reen Mort~sRor ~nd NunpRee relarin~ to insnraoct. nor• esiNinR ur hrre~f~er made, shall be in ~vritinR and +hall be • p~r~ o! ~hu
monRaRe a6reemrnt u fully ~s IhouRh se~ orth verb~lim h~~ein and ~hall Rovern both p~rtiea herelo •nd their sw~~e.sors and aasip?t.
No lien upon any o( s~iJ poli~iec uf imu~~nee or upon ~nr refuml ut r~lurn premium whi~h m~y be p~yabte un the ~~~~~Il~tion ~r
; 1er~uin~tiun ~hereof, ~hdl I~e Riatw lo other thao tl~e ~1oAp~ee. ~*~~pt by proprr ~n~ton~~n.nt •flixed to ~u~h policr and apprur~d by
; NonR.Re~. Ea~h poh~r ot in.uruirt shall h~:e aA'ixed thr~~to •~landa~d N~~. ~'or{. ~IortpRtr f.lsuse ~vilhout (:ontribwion. m~4inR
_ •H lou or losse~ under wch poli~y payable to Ihr :NottRaEet as ita int~rrs! mas appr~r. In tbr tvrnl •nr ~um or wnu of moneY br~om~
= p~r~ble the~eunder ~he NorlpRre ah.ll b~ve ~he op~ioo ~o «~eive and applr thr ~amt on a~~ount o( th~ indebttdne~s her~by e~tured,
~ or tu prrmit tht ~Son~Ror te rectiv~ ~nd we it. or ~A7 W~ ~+ithoul th~rcbr w~icinR or ~mp~irinR ~nr ~quity. li~e. or riRh1
s under and br virtu~ of this mortpR~. 1n ertnt IoM or phriral ~~n~Rt lo the mnnRaR~d property the NortpRor sh~ll Riv~ imm~-
~ di~le ootiee thereof b~ m~il to the MortRaRee ¦nd tbt MonRaRre mav makr proof of lou if ~h~ Nme is not ma~(e prompllr b~ tAt
~ Mott+ta~ur. In evtn~ of forerlwu~e af thi~ mort6~Rt sr other tranaler uf ~ide to 1F~e worlRs~ed prope~~r ~n astinguishmem of ~h~ ind~bt-
~ ednes~ stcured hereL~~ •11 ri6ht~ tiUe ~nd interca of the UoApRor in and to ~o~ in~ur~ace policies then in force ~h~ll p~u to tbe
purchuet or `r~ntee
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% (~f To pertore~. eo~nPir ..i~h .nd abide S~ e.~6 .od e.err che .c~pal.cioas~ ~aeancota, coaditiom ~ad toveweu ie said Promiawq
note and in this deed ~et torth.
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