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FOR VAWE RKEIVED th~ undsni n~d antlY 3n ~ever R AY t tho d~~ of
MARy_~1 Q~ ana L~---IL~-- 1~i~ h~s wl~i . ~
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- -------t - - or such oth~~ placs as the hold~r
at - -------------g._1..~ __~_~__~__~_-~~~--1~I1SAl1_ 88~ _ ~OC~~ ~.~rJ'l = - -
heroof mar d~si t~ in w?itiep topether with inronst from ----~.l~j_L~'~!I_1~tt~..---~~_!~ j„j-__.-
at th~ nt~ of p~r c~ntum psr annum on the unpaid bslanc~ unNl msturity, ths said principal and interost shall
be due snd payable as follows: ;
Int~rest Pqy~bl~ monthy? uat uary 1~~ 1~7~. Th~?, ~1~4.02 a mos~th, tb~ llrat '
paymeut bei~aQ du~ Feb 14, 187~ and cootiau~ tac a~ch month ttieroait~r until ~
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psld ia ~U. T'his not~ ba prepa~d at sucb tiaa~ ~ad t~a su~cb ainwnt,s ss th~ ~
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' ~ malcors desir~. '
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` K d~fauk b~ rwsd~ fw - d~pt ia tM payaNM of aur iwst~ll 1 e rineip+l e? inNnst er swr paet tMnof, 1M wlaM sum tMa eawsi~iey
unpsiA will~ iwNnst sh+il N lald~s eptiow Mcaw~ dw ~nd p+yabb wiNw . F'Ir~ te ~rcis~ svch option sh~q not cowstitv ~mr of th~ .
right ro~xKCb~ tl~ s+ww i~ tM ~v~nt of wbspwwl d~favh. Afhr ' bolh ~cips d+ccrwd iwanst sh~4 b~s? inN~~st ~t •p~~ c~nw~u
p~r aua~a~ unH1 paid. iM uak~n ssd ~uudo~un ef this eoN furtMr aivt d~man c~ of nw~psynNef snd p~shst. N lhis weh is not paid at
maturiry and tM aw» is p~+c~d wifh ~n atlorn~r For colbcYan, tM ~wak~rs aad ~wdors~ Mnof s9n~ te par all cosls ef colMcliow, ieclydiey sll cowt
costs snd nase~abM ~Morw~r fNS-
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Attest: -----C~~'~A~ R: -Nt~~ri~-- - ~ - - (s~?~)
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and shall duly, prompUy an3 ;L::p p°rform, discharge. execute, effect, complete, comply w~th and abide by each ;
and every the stipulations, agreements, conditions and covenants of said promissory note wnd of this mortgage. ~
then this mortgage and the eatate hereby created shall cease and De null and vo~d.
It ia underatood that each of the wor~is, "note; '"mortgagoY' and "mortgagee" respectively and the pron-
ouns retcrring thereto. whether in the singutar or plural anywhere in th18 mortgage. ahall be singular if one only
and shall be plural joinUy and severally, if more than one, and ahall be masculine, feminine and/or neuter, wher-
ever the context ao implies or admits.
1
And said Mortgagor for himself and his heirs, legal representatives. successors and asslgn~. hereby coven- ~
ants ana agrees to and with said Mortgagee~ his legal representatives, succes9ors and assigne: ~
1. To pay all and singular the principal and intereat and the various and sundry aums ot money payable by
virtue of said promissory note. and this mortgage, each and every. promptly on the days re~pec4vely the same
eeverally become due.
,
' 2. To pay all and singular the taxea, assessments, levie9, liabtlitie9, obllgations and incumbrance~ ot every
' nature and kind now on 9sid described prnperty, and/or that hereafter may be imposed. auffered. placed, levied
'j or assessed fhereupon, and/or that hereafter may be levied or assessed upon this mortgage andior the indebted- . ~
' -ness secured tKreby; eaeh-and are~.-xhen due_attd payable__acco~di.D~_~o__law, before~_t~h~ey become delinquent, ~
~ nnd before any interest attaches or any penxlty is incurred; and in so far aa any thereof
s record-fTie
sanie
~ shaU be promptly satisfied and discharged of record nnd the oriRinal official document (such as. tor instance, f
~ :he tax receipt or the satisfaction paper offlciaUy endoraed or cerlified 1 shall be placed in the hands of said ?
~ Mortgagee within ten days next after payment; and in the event that any thereo[ is aot so paid, satisfied and ~
a discharged. said biortgagee may at any time pay the same or any part thereot withont waiving or affecting .
~ any option, lien, equity or righi under or by ~•irtue of this morigage, and the full amount of each and every ?
k such payment shal! be immediately due and payable and shall bear interest from the date thereof until paid
~ at the rate of ten per centurn per annum and together with such interest shall be eecured by the lien of thie
' mortgage. ;
3. To place and continuously keep on the buildin~s now or hereafter aituate on said land fire and windstorm -
insurance in the usual standard F?olicy form, in a sum not less than t...-......-.~~~~~____________________ 1n such com- F
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pany or comp^nics as may be approved by ~aid I?iort~a~ce: and all such insurance policies on any of said build- ~
~ ings, any interest therein or part thereof, in the a~~regate sum atornsaid or in excess thereof, shall contain the ~
~ usual standard mort~agee cleu.se making the 1u~9 ur.d~r said policies, each and every, payable Lo said Mortga-
gee as his interest map appear, and each and eeery siu•h policy shall be promptly delivered to and held by said !
~ 1?Iortgagee; and, not less than ten days in ad~•an~e of the expiration ot each policy, to deliver to sxld Mortgagee ;
a renewal thereof, to~ether v.ith a receipt fnr the premium nf vuoh renewxl• and there ahall be no such insu~- ~
~ ance placed on any of said buildinRs, any interest therein or part thereof, unless in the form and with the loss f
~ • payable as atoresaid: nnd in the e~•ent any sum o[ money becomes payable under such policy or policies said :
Mortqa~ee shall have the optii~n to recei~e and apply the same on account ot the indebtedness secured hereby or
~ to permit said Siortga~or to receive and uee it or any pnrt thereot for other pur~wse~ without thereby waiving
or impairing any equity, lien or ri~ht under or by ~irtue of this mortgage; and in the event said Mortgagor ahall
for any reason fail to keep the said premises so insurnd, or fail to dellver promptly any of sa[d policie9 of
re
~ ..-~-insurauce_io_said.'-~iqrJl;ap.~,,Qr fr~i,~,,~rompUv_to~av fully any prem~um therefor~ or in any te~pect fatl lo per-
torm, diacharge, execute, etfect, complete, comply ~~~th
and ab?de ,~v
fHi~'~bi'~ItBtit;"ofattp~part'hereoi.-sat~114c?rtg-~------------
~ agee may place and pay for such insurance or any part thereof without waiving or atfecting any option, lien,
equity or right under or by virtue of this mortgage, and the full amount of each and every auch peyment shall ;
' be immediatety due and payable and shall bear interest from the date thereof untll pald at the rate of ten per ~
~ centum per r,n,~um i?nd together with such interest ahall be eecured by the lien ol this mortgage. ~
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~ 4. To permit, commit or aufter no waste, impairment or deterloratlon oi safd property or any part thereof. ~
~ 6. To pay all and aingular the costs, charge~ and expenses, including reasonable lawye~a fee~ and cwt of ~
abstracts ot title, fncurred or paid at any time by sald Mortgagee beceux snd/or in ihe event oi the tallure =
~ on the part oi the said Mortgagor to duly, promptly and [ully perlorm, discharge, ezecute, effect, complete. ~
~ rnmply with and ablde by each and every the stipulationa, agreements, cor~diUona and covenanta of eaid promis- -
~5 aory note. and this mortgage. any or either, and said cavts, charge9 snd expenees, each and every, ahaU be Im-
~ mediately due and payable, whether or not there be notice. demand, attempt to collect or euit pendIng: and the
full amount of each and every auch payment ahall bear intereat from the date thereo! unttl pafd at the rate o!
~ ten per centum per annum; and all aaid coota, charges and e~cpenee~ so lncurs+M or paid, together wlth such fn-
~ tenat, ahall De secured by the Uen ot this mortgage.
~ BOOK ~~U PAGE~U~O
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