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; f;.--. ~ _ anuary 25 is%:: , i~
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-OrZ `!_iLU~ REC~TV£D. 3h• und~r;:yaad, joirtly and se~erally. PiiOMlSE 'f0 PAY !o !he osder uf . . . . _ . ~
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s;o Thous?~ ~--ie ~re i:r~n -r ~~d . . . . .
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' Hox 78~, P~.'_-: .
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. y.?..... . I.Or' ~d3 . ...oe sueh ot5ee placa as ths hol~:e ~ .
:~a;eoE nay c!euqnat~ in wriliaq. Sogtt:~sr with inter~st Irom date a! :;;e r32a of 8. per c^nlum per anau;;~ on the uapaid •
balasts uniil ma2uritp. The said priacioal a~d intszes! shati be due az3 psyabi~~ as f~!tows:
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»,680.Ofl, together s~ith interest at th~ ioregoing ra~e, Aua+.~~~ 1, Z974~;
~5,6$0.~0, together with interest at t~~~~ To-regoin~ rate, F~~ri,23"j~ l, 1975; ~
a7,630.00, together ~~ith interest at th~ foregoin~ ra~e, A'1o?1St 1, 1975; and ~
55,680.00, together vrith interest at ~he ioregoing rate, February 1, 1976, i
{~Tne r~aker may prepay this indebtedness in wnole or in part at any time
after January l, 1975, ~,~itho4t payment ~i"' penalty there~or.
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i~ tt d•faute M.na~• tw dara in t1~ pa~ent et any iaataltwswt of orinciPai or inter~st or anp part tDe~eef, ta• vSo{s suw t?ew reenaiwi~s
i,' unpa~l wit6 i~ter~ss atyli ~t aeiir'~ oltion b~co~~ dw and v+7+s1~ vitbwt ao~ice. Faiiur~ to saerc~x such optiow aAa~l net constitnt~~ Mai~K of tAe i
= ri~ht to~ eR~rcis• tA~ auw~ i~ th~ erent oF aubs.pwwt d~faulL A(t~r ~nal~ri;r both principa! aed accrutd interost shall be.~r interest at p~r c.~tua~
~ t~ y~• annuw unti! w~d. T~. r+~aL~n and esders~sa of tAis nol~ IuAher ~rai~e demand, notict ol non-payment and p~oteal. tf lA:s wo:e is not paid at
~ Y naturitp and th~ sam~ ia placed rilA an attornep Io~ eollKtion, tSe makers aed endoner~ hcreol asree to pay all costa of collection, incluJin= all court
Il cnab and rtaaoaabi~ atteru~~ te~i_
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° ./s/ Palmiro. J.._.Carrara. _ ~
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. Pal.r:.; ro J. Carrara =
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/s/ Tonina Carrara ............csF~t.~ ~
~,t Tonin~. C~rrara
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and shall dul~; promptly and [ully per[orm, discharge, execute, ef(rct, complete, compi}• Kith and abide by each and eti~ery
the stipulations, agreements, conditions aud corenants oE said promissorv note and ot this mortgage, ttten this mortgage and
the estate hereb~ createci shall cease aud be null ai~d void.
It is understooci that each of the Nords, "note," "mortgagor" aud "mortgagee" respecti~~ely and the pronouns tefening
thereto, whether in the singular or plural an}~here in this mortgage, shall Ue singula~ if one onl}- anct shall be plural joincl}~
and se~•erall}•, if more tl~an one, and shall be masculine, feminine and,or neuter, ~rherever the co~~texe so implies or admits.
And said ~lortgagor for himset[ aud his heirs, tegal repre~entatices, succrssor+ and assig~~s, hereby corenant, and agrees
to and Kith said \[ortgagee, his legal representati~~es, successors and assigns:
l. "I'o pa} all and singuiar the principal and interest and the rarious ancl sundry sums of mancy pa}~able by ~•irtue o[
said promis~or}• note. aucl this mortgage, each and every, prompd~• on the days respecti~•ely the same se~•erally become due.
2. "I'o pay all anct siugular the taxes, assessmrnts, lecies, liabilities, obligatio»s aud incumbrances oE e~•er}• nature and ~
kind now on said describeci propern•, and,'or that herea(ter ma?• be imE~oseci, sutfered, placed, le~•ied or asseautil thereupo+~,
andfor that hereateer mav be le~~ied or a;sessecl u~wn this mort~aRe and(or the iudebtedness secured hereby. each aud e~•erv,
Mhen due and pa}•able accorcling to laN, before thep become deiinquent, and beiore any interest attaches or a~tc peualtr is
incurred: and in so [ar as ao} thereof is of record the same shall be promptly satistied and disc}iargc~l of record and :I~e or-
igi~~al ofiicial document (sucl~ a+, for iustance, the tax receipt or the satiifaccion pa~~er ot(icially endotsed or certified) shall
be placed in the hands of said \tort~agee wiihin ten days next aRer p:~Jmene: ane! in tlie e~•eut that au~• thereof is not so
paid, satis[ied and discharp,ed, saici ~tortgagee ma}~ at any time pay the samc or an}~ part ti~ereu( H•ithout h•airiug or a(fect-
ing any optio~~, lien, ectuity or ri~ht weder or b}- ~-irtue of th~s mortgage, ancYthe (ull amount o( each and e.•er~• such pa~~-
ment shall be immediately duc and pa}able and ~hall bear incerest from the datc dierenf until paid at thc rate ot ten pcr
centum per annum and togeeher h•ith such imerest shall be secured by tlie lien ot this mortgaRe.
3. To place and continuousl}• keeP on the Luildings now or herea[ter situate on said land (ire a~zd Mi~ut;torm insur-
ance in the usualytandaret policy form, in a sum not less tha~i ehe hiqhesc insurable ~-alue, i~i sunc ~ontpan}• or companies as
may be appro~•eci by said \tortt;agee; and al! such i~tsurance polic~es ori a~ey oi said buiWii~p;s, anr• interest tLereiu or part
thereof, ir~ the ap,gregate sum atoresaid or in excess thereof, shall contain the usual staudard mortgager dause makiug the
loss under said policies, each and e~~ery. pa~able to saici ~IortgaRee as his interest may appear, and each and eeer~• such i~olicy
shall be prompti}• deli~~ereci to and held b}~ said \Iort~;agee; and, no~ Iesa than ten dat•s in adcance o[ the expiration of each
polic}•, to deiiver to said \(ortKaRee a reneh•al thereo(, together ti.•ith a receipt (~r tl~e premium of such rene~.•al; and there
shall be no such insurance placcYl on am• of said buildin~;s, any interest therein or part thereof, unless in the Iorm and w ith
the loss pa}able as aforesaicl: and in the e~•en[ an}- sum of money becomes pa~•able under such ~lic~• or Jwlicie, said \tort~agee
shall ha~•e the option to mceive and apply the same on account oE the indebteciness secured hereby or to permit said ~Iortga-
qor to recei~•e and use it or any part thereoi [or other purposcs without thercb~• w•ai~•iup or impairiuk any equity, lien or
right under or by ~•irtue of this mortgage: and in the e~~ent said liortgagor shall for anr nasvn (ail to kecp thc said premises
so insured, or tail to deli~•er prompth• any of said policies oE ins~rancc to said \Iortkaqee, ot fail promptly to pa}' [ull~• any
premii?m eheretor, or in any respect (ail to perform. discharge. execu~e, rftect, comptete. rnmpl}• e.•ith a~~d ahiclr b}~ ehis coe•-
enant, or any part hereof, said :~tortgagee may place and par tor such insurance or aay part thereof w•ithout waiving or
atfecting any option, lien, eyuity or right under or by cirtue of this mortgage, and the full amount o[ each and every such
payment shall be immediately duc and payable and shall btar interest trom the date thereof until paid at the rate o[ ten
per centum per annum and together with such interes! shall be secured b} the lien o[ this mortRage.
4. 1"o permit, commit or sui[er no waste, impairment or deterioration oi said propercy or any part thereoE.
5. To pay all and singular the costs, charges and expenses, including reasonable law}•er's fees and cost of abstracts of
title, incurred or paid at any time by said :ltortgagee because anHlor in the eeent of the failure on the part of the said
~tortgagor to duiy, promptly and fully perform, discharge, acecute, eltect, complete, comply with and abide bti• each and
ecery the stipulations, agreements, conditions and cocenanu oE said promissory noee, aud this mort~age, any or eicher, ai~d
said costs, charges and expenses, each and ecery, shall be immediately due and payable. ~chether or ~wt there be notice, de-
mand, attempt to collect or suit pending: and the full amount of each and e~ery such payment shall bear interest Erom the
date thereof undl paid at the rate of ten per centum per annnm; and a11 said oosu, charges and expenses so inturred or paid,
toqether witt such interest, shall be secureei by the lien of this mortgage.
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