HomeMy WebLinkAbout0720 ~l'O~•i~ie~l ~t~~'ii)'S~ tliat if sai~l .~Iurt~agor shall pay u?tto th~~ sai~ ~~lorlga~ee
the certai?t prn»iiwuri~ not~~, nf u~l~ii•k t/ic J'ullur~•iitg i~e u•ur~s a~ed ji~~~res ix« trt~e cupJ,
to wit:
" See Exhibit B attached hereto and made a part hereof.
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und ~)~ull p~rjo~n~, ~•~~nip1J u•ith uiiel abi~le h~/ e~ch o~id er•erJ the stipulations,
agr~e~nents, co~:ditions and cov~•nants of said pro~nissorr~ note an~i of this deed, then
, this c~eed and the esl~ate hereb~ er•eated shall eease and Le ~:rcll and void.
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' And the said .;llortga~sur hereby covenants and a~rees:
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; _1. Tn pay all ~u~d sin~til~tr f)rr prin~•inRl an~! int~rv:rt un~l ~?thrr sr~ms ~,j mo?re~~
i J~uJ~thle l~ry r•irtur nf srli~/ pr~,missur~/ nnt~~ an~l this ~lP~~~l. u~ ~ith~•r. pr~,~~ipllq ~,i~ th~
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s ~la,/s ~ecpe~lii~el~ thc~ s~n~t~• sct•~~ruUJ ~•~ntE~ dt~f•.
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~ To paJ all anrl ,i»~ul~~r I/rr t~~x~~s, as.e~s~?ir•~~~s. l~~r•if~s, I%III?fl//1~~.. ~•~~li~~~tin~ts
~ ~rnd e~tet~~n~irunces o/' er~~rJ ~~nt~irr .,n suicl rlrxr•rihF~1 /rr~~p~~rtr~ e•«••!e nit~! er•~~ry, ~n~l ~
if the sam.e be not prom.ptly paid the sai~i .Yortg'a~ee may at anJ time pnJ tfi~P came
without tvai.ving or ZJ~'ecting the option fo furFClos~ or any ri.ght hereu~tdei•, anc~ et~errJ
paymeiat so made shall bear interest fron: the date thereof at the rate of fifteen
~ per cent. per annum. .
~ .3. To pa~ a11 and sin~ular the c•~?cts, ch«r~~•c an~! ~~.rp~~irs~~x, in~lu~lin~ la~~•~~c~r'.
fees,'reasondbly incurred or paid at any timP by said ~~fortgagPe becar~se of tlre failrcre
~ on the prtrt of the s~aid .~furtga~or to /ir~rfornt, compl~/ i~•ith. n?~rl ~tbi~IP bJ r~a~h a~ed
_~+~rf_tite stipt~lations, a~rt•Fnie~rts, ronditiais and rnrf~~ra~rtc oj ~aid prontissu~•i/ ~eote
~ and t/eis deed, or eithFr, and ~i~crJ x~~ch paym~iat shall Lear interesl from dule at lke
~ rate~ of fifteen Per cent. per ttnnuna.
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~ 4. To ke.Pp thP httildi~t6 n~,t~~ nr h~~rr~~~tr~r ~,?t ..ui~! l~i?i~l i»s~~rf~~/ i?~ ~i xi~r~~ n~~t
~ l~~ss t./:an fair market value
fln~lerr~ in a~v,ni.pu~tt~ ~,r r~,nr f~urii~c t~
~r be approved by sa.id ~~Iort~a.geP, an~l ~he polic~ or policies hel,d by and payable to sdid .
.~iortgagee, and in the ez~ent any siena of mon~y b~romes payable render such polieJ or
fi policies, the J~Iortgagee shall hare the option to rc~ceit+e ancl apply the sam~ on accou.nt
~ of the indebtedne.ss hereby secrcred or to permit the ~~fortgagor to receit~e and use it, or
an art t~iereo or other ur oses, u.ithorct th~rPbr r~•airin or im airin an e r~i
~ yP I,f P P ' J ~ P ~ y 9 nJ
lien nr ri~'ht unrler or bJ virtue oj' this mortgnge, aizd n:ar/ placP and paJ for sc~ch
~ inaura~rice or ar~y part the.reof, ivithout tr.aiving or afJ'PC,tin~ the option to foreclose or
any ri~ht hereunder, a~d each and every such pnym~nt shall bear interest from date
at the rufP of fifteen per cent. per annum.
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o R 2~8 ?19
~ BOOK Q
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