HomeMy WebLinkAbout0523 ~i I • ? I I' • ? I I I I f I I I I I~ I I I I~ I I f I I I I I I I I I I~ I I/ I I I I I I I I I I 1 I I~ 1 I I I I I~ I I I~ I I~ I I I I I 1 t~
~.~~s~S?S?~~~~'nii?~rs??~yLr...ti..s.......~....~ .......................r.....................
~ August ~ 7~ e
S vCt~' ~ _ ~ 19 i
FOR VALUE RECEIVED th~ unde~si ned, ~ointl sn sev rall , PRO ISE TO P/,l~ fo fhe or~rr of Z
JENSF~N P H~~~1K! a r~or~da ~an~tinq ~orporatiion -
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; F~y 'TI1vt1S 3. ~ ~i _ _ DOLIARS,
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nsen ~eacIi, , F't01"~C~3 33~~JrI ~ o~ such ofher place as the holder
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hereof m~y desi t~in writin~ topethe~ with interest from _ RL~L-Sr-__ZY~.t9.~-~-
at the nt~ of per centum pe~ a~num on the unpaid balance until msturity. The ssid principal and inte~est shall ~
be due snd pay le as follows: ~
Interast psyable
efore Une Year from date of this Note. ~
+tia „~,~,~1~ halanc~erv three months from date ~~L•eon.
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N d~fauh b~ n~ad~ fw _ 1 dsrs in th ayn»nt of y inst~ ewnt of ' cipa) inbnfl or any pad 1Mr~of, tM wlwl~ s ~n nmsinino
unpaid witl~ int~nst sA~ll a1 hold~?'s optan b~coew d nd ablt withow notic~. silun ~:~rcis~ such eptiew ~haq wet constit~t~~aiv~r of 1h~
righf ro~x~nis~ tM san» ~u NN ~wnt ef subspwnt a~h. Aft~r mat~ritr bot ?inci and acc~wd inbr~st shsll b~sr inMnsl at p~~ c~nfrm ~
p~r aneum ~wfil p~id. TM euk~n and ~ndon~n of fhis no1~ iurth~r wsiv~ d~m otic~ ef nowp~ynMet ~ed prot~st. IF 11~is not~ is not paid at ~
matur'My snd tM ssn» is plac~d witA an atforn~y fo~ cell~etion, tiN mak~?s +nd ~n ners h~rtof aare~ to par all costs of colledion, includiny all courf i
coats and_ nasonabb aMem~r f~t. . •
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Arthur G. Quinn ;
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~ (SEAL) :
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Wiiliam J. Pesserner ~
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Ane~: - - - - - --l - - - - - - cs~~~ ~
r~. A. Hendry, Jr. ti
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j-~ - - - (SEAU
~~~stislll~lllilflfl~~I~~~~~iIf1FIII~I~I~?II~l~1~~I~~i~1~1II~I~~II~~~~~1~~~~
i~i~~f1~~~i~I~~~l7~N~~~~~~~LYf~~~~~~~~~~~~~~~~~~~~~~~~~,~~~~~~~~~,~~~,~•i,i'~,i'i,i•1~1,if~`!,
and shall duly, promptly and fully perform, discharge, execute, eftect, complete, comply with and abide by each
and e~•ery the stipulations, agreemenLs, cond~tioc~s and covenants of said promis~ory note and oi this mortgage,
then this mortgage and the estate hereby created shall cease and be null ana void.
It is underatood that each of the words. "note," "mortgagoY' snd "moRgagee" respectf~ely and the pron-
ouns referring thereto, whether in the singular or plural anywhere in thia mortgage. shall be singular if one only
and shall be plurnl jointly and sevetally, if more than one, and shatl be masculine, teminine and/or neuter~ wher-
ever the context so implies or admits.
And saId Mortgagor for himself and his heir,, legal representatives, successors and assigns. hereby oovea-
ants ana agrees to and with said biortgagee. his legal representatives, successors and asslgns:
1. To pay sll and singular the principal and interest and the variou9 and sundry sums of money payable bq
vlrtue of said promissory note. and thia mortgage, each and every, promptly on the days respectively the same
severaUy become due.
j 2. To pay all and 9ingular the taxes, assessments, levies, liabilitiee, obligations and incumbrances ot every
; nature and kind now on said described property, and/or that hereafter may be imposed, auftered, piaced, levied
or assessed thereupon, and/or that hereafter may be levied or assessed upon this morigage andJOr the indebted-
ness secured hereby, each and every, w•hen due and payable accorciing to law, before they become delinquen~ -
` and before any interest attaches or any penalty is incurred; and in so far as any thereot is of record the same
shall be prompUy satisfied and discharged of record and the original o[ficial document (such as, for instance,
E ;he tax receipt or the satisfaction paper officially enJorsed or certifiedl shall be placed in the hands of said
~ Atortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
~ discharged, said Dtortgagee may at any time pay the same or . any part thereof vvithout wai~~ng or affecting
any option, lien, equity or right under or by ~~irtue of this mortgage, and the full amount of each and every
~ such payment shall be immediately due and payabie and shall bear inlerest from the dnte thereof until paid
~ at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of this
~ mortgage.
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x 3. To place and continuousty ke~p on the bu~ldin~s now or hereafter attuate on said land fire and w[ndstorm
~ insurance in the usual standard poticy form, in a sum not Iess than S..-.-.--M2~Xl?num------------------------ in such com-
~ pany or comp^nies as may be approved by ~aid 1?lort~;arce; an!1 t?11 such insurance policies on any ot said build-
ings, any interest therein or part thereof, in the a~~reRate sum atoresaid or in excess thereof, 9hall contain the
~ usual standard mort~agee clause makinR the lu~s ur.d~r a~id policies, each and every, payable to said btortgar
~ gee as his interest may appear, an~ each ard e~•e:y si~~•h policy shall be promptly delivered to and held by said
~ l~fortgagee; and, not less than ten days in ad.•anoe of the expiration of each policy, to deliver to said Aiortgagee
e a renewal thereof, toJ{ether vrith a rcceipt f~r the premium ~t a~~rh r~rtewal• and there shall be no such insur-
~ ance placed on any of ~aid buildinRs, any interest-therein oc part thereof, unless in the form and with the loss
~ payable as aforesaid: and in the e~•ent any sum of money becomes payable under such pollcy or policies said
> MortKagee shall haa•e the option to recei~~e and apply the same on account of the indebtedness secured hereby or
~ to permit said Mort~a~or to receh•P and uce it or any part thercof for other purposes without thereby waiving
~ or impairing an~ equity, lien or ri~ht under or by rirtue of this mortgage; and in the event said Mortgagor shall
~ for arsy rensoa tail to keep the said premis~s so in?ur~d, or fail to deliver promptly any of said policie9 of i
_ insurance to said DtortgaRee. or fail promptly to p~r t~illy :u~y premium therefor, or in anq respect fail ta per-
form, discharge, execuie, efiect, complete, comply ~~~th and abide by thi9 co~enan[, or any part hereof, said 1lfortg-
agee may place and pay for siich insurance or any part there~f without vvaiving or s[fecting any option, lien.
equity or right under or by virtue of this mortRage, anJ thc full nr~ount of each and every auch payment shaII
" be immediately due and payable xnd shall bear intPrest [rom the date thereot until paid at the rate ot ten per
~ centum per annum nnd together with such fnterest shall be aecured by the lien of thia mortgage. .
" 4. To permit, commit or sufter no Kaste, fmpairment or deterioration of ~aid property or any part thereof.
~ 6. To pay all end ain~;ular the costs, charges and expenses, including reasonable lawyer'e fees and cost ot
= abstracts ot tiUe, tncurred or paid at any time by sald Mortgagee because and/or fn the event oi the fsllure
on the part ot the said MortgaRor to doly, promptly and itilly perform, dtscharge, euecute, effect, complete,
r; complq with and abide by each and every the stlpulatlona, agreementa, condition~ and covenante ot said promis-
aory note, and this mortgage, any or elther, and said cosis, charges and eupensea, each and every, ahall be im-
medlately due and payable, whether or not there be notice, demand, attempt to coUect or ault ~ending• and tha
~ full amount of each and every such payment ahall bear intereat irom the date thereof until pald at the rate o!
X ten per centum per annum• and all eafd co~te, charges and expenees eo tncurred or paid, together with euch !n-
~ tereat, shall be eecured by the Ilen ot Wa mortgage.
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`N a~oK~18 PA~~ 5
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