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I~ie antu~~, tog~~f~~er wif~: f~u~ feuemenls, hereJitaments dn~ u~ ur1E~ ~
~'o ~aue and to ~iotd + ? P '
1! n~u~r~•s t~er>n~lo ~,r~o~ii~inr+. on~~ 1~~~ renls. issuc~s nn~I prolifs t~~PreoJ, unCo 1hP ?norfgagen. i~ ~Pp simple. ~
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; lin~ I~~r mo?t{~at~ur cu~+c•nanfs ivit{~ 1~~~ mo?I~a~~r 1~~nf 1~?e morldagor is i?tJe%asibly seizec~ o~ saia~
' la~ul in sim~~l.~: Ihnl Il~e mortfl~~or hns gu«I right and Iaw~ul autl~orily !o convey satd la~~d as a(ore-
~ sni~~; 1{~a! f~u~ morf{~a4~or toi~~ ma~e suc{~ (urt~?er assumnces to perfPCt the jee simple fifle fo sai~ ~und en ttie
mort~~ac~~P as may ?rasonaGly be rc~uired; tl~at t~e mor(tiapor hereby fu~ly u~arranla llee til~e lo sairl lant~
au~i u~il( deJN?uI tl~e snme (1~alflSl IIIP lawJul claims o~ QIl persons wl~omsoever: and that snid Iartd is /ree
Qfl~l C~PQ~ O~ ~t~~ encum~)MIICPS„
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1; ~rouided ~ilways~ fhal if saic~ mortgagor sha« pay unto saic~ morlgagee the certnin promis- '
sory note {~ereinu~fer sutistnntia~~y copiP~ or i~enti~iec~, to-wit:
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Promissory note of mortgagor of even date herewith executed under its
corporate seal to mortgagee in the principal sum of $33, 000. 00, bearing
j interest at the rate of ?2% per annum on the unpaid balance; the said pro- {
missory note being payable, both principal and interest, in the manner ~
following: Interest accruing_from date thereaf to March 1, 1974 shall be
' ~,w~~ ~~;;•„w„~• t 474; hPUinnin~ March 1, 1974, both principal and ~
interest shall be payable in 120 successive monthly installments of $391. 72,
said instaliments being intended to pay said principal and interest within
10 years
' Said promissory note further provides that should any installment of
~ principal or interest remain unpaid for 60 days after the same shall
become due, then the entire principal sum then unpaid shall become
; due and payable immediately.
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; IT IS SPECIFICALLY U~IDERSTOOD AND AGREED by the parties hereto
` that the consideration for this Mortgage is the present and future advance-
ment of funds to the mortgagor by the mortgagee pursuant to an agreement
? by the parties to provide for the construction of a parsonage on the premises
described herein, and it is agreed that this Mortgage shall have the fuli
force, and effect, and benefit of a Mortgage to secure advances of money
; , the lien of,which advances shall relate to the date of this Mortgage. ~
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