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Home My WebLink About2553 S ~l~'~ - - .:'(.'1 ~9 r ti ~ FOR VAL RECEI ED, ths undeniyned, iointly and severaily, PROMISE TO PAY to the o?~e? of ~ . . • ~ ~ , - ~ , . , , ~~i~_~i~r'- -'-J-~-- ~-1-:h~'~_~~ :~.Z~t •~~ilt:-~_- X ~ C ."~:-1Z1,. _i • "r"r ~ ~ T'i'~- __i:uic~!• :ln~l 1~ - -DOItARS, ~ at f~' . 3 j~ i_(; o~~ GW t7~ ~Jr?~9~T~ ~~Q2'V_'`~ y~ 5~'~ o~ such other placs as the holder ; ~ hereof desiyoats in w' g tog ther with inie?est from _ 11'I H uf~ /t 7 f ~ at the rate ' r centu per annum on the unpaid balance until maturity. The said principal and interest shall ~ be due a~d p~yable as foll ws: ~ . ~ : ti 1:, . :.~I 3 _ , t:l@ rlt'~ ':~~-~1_ ~~_:i'`.Q ,^~1=. 1L:1 ~ •:t_: C _ ~ ~ • n r ~ n r; ~ p ~ ' `1 ...lti~~i,t i,. r e~~ n nontn tn _ e~f _ ~~~i ~ ' . 1'his ac~ ~ i r . ; ~.iu ~ ~:ach nionth shall first be cr to iniei•~vt d tna rei:~aina~~• i~: ~ ; r~_~~ r~ 1;_ ~l chi.. _~~ligation. T?ii~ nota ~nay n.: ;L~ _?~~.id ~•~n f tili~~ ~'tti~~ut ` i ~ ' i4 ~ , ; H d~fauh b~ ~wad~ fw days in tM psym~M ot any insfallnKnt ef priecipsl or inNnst or any p~~f tof, IM whob sum th~e rsmainioo ~ ' m ~ unpaid with inNnst sFull ~t hold~r's oplion beconh du~ +nd payabl~ witl~oul notice. Failun to •:t~cis~ :uct~ n hall not constitut~ a. wsiver of Ih~ right to ~:~rin~ tM sa~ in 1M ~~~wt of subs~qwnt d~Fault. Aft~r maluritp both princip~l and accrwd i r~st shal b~~? inter~sf st p~r cenl~n~ ~ per awauw~ unti) paid. Th~ nukt~s and ~ndon~n oi this nob /urtMr wsive d~mand, ~otic~ of nonp m~nt aed rol~st. If this no1~ is not paid at mat~?iry and tM saar is plac~d wi~b an sHorw~r fer collecl:on, 1M makas and ~ndorsers h~reof agre fo pay all c sls of coll~dion, includiny sll ceurt ; costs and n~se~abb ,no?w.r f..s. ~ ~ ` : . ` : , : ~ ~ ~ ~ - . _ _ (SEAL) : - ; ! ~a~l~; _ . ~c~:~: ~ . 5 ' ' Attest: - - - - _ - (SEAy : ~ ? Ltl = . . . ?i : : ~ ~ - - - - - - - - (SEAL) : s~i~i ?f?f?~1~s~1~?~i~sfi~i~I~i~i~i~i~?~i~i~?~I~i~i~i~i~i~i~i~i~i~i~i~i~i~i i~i~i~i~i~i~i~i~i~ ~~i~~~?~i i~~~i~i~i i~i~i~i~i~i~i~i~i~i~i~i i~i~~~i~i~i~i~i~i~i~i~~~i~i~i i~i~i i~? i~i~i~~~I~1 and shall duly, promptly and fully perform, dlscharge, executP, effect, complete, ~omply w~th and abide by each and e~•er~ the stipu:a~ions, agreements, cond~tians and covenants of snid p~om~saory note and ot this mortgage, then this mortgage and the estate hereby created shall cease and be r.ull and ~~oi~i. It is understood that each of the Kords. "note," "mortgagor" and "mortRs?gee" respectively~ and the pron- ouns referring thereto, whether in the sin~ular or plural any~here in this mortgage, shall be singular if one only and shall be plural jointly and severally, if more than one, and shall be ma4culine, feminine and/or neuter, wher- e~•er the context so implies or admits. . And said Mortgagor for himself and his heirs, legal representati~•es, successors and assigns, hereby eoven- ants ana agrees to and wiih said 1?tortgagee, his legal representatives, successors and assigns: 1. To pay all and singular the principai and internst and the various and sundry sums of money payable by virtue of said promissory note, and th» mortgage, each and every. prompUy on the days re9pectively the same ; ae~erally become due. j 2. To pay all and singular the taxes, as.gessments, le~ies, liabilities, obli~ation9 and incumbrances ot every E nature and kind no~v on said descnbed property, and/or that hereafter may be imposed, suffered, placed, levied or assessed thereupon, andior that hereafter may be lev~ed or assessed upon this mortgage and/or the indebted- ness secured hereby, each and e~ery, w•hen due and payable accorciinq to law, before they become delinquent. ; and before any Interest attaches or any p?nalty i9 incurred; and in so far as any thereof is of record the same i shall be promptly satisfied and discha bed of record and the onRina! o[[~cial document (such as, for instance. _ :he tax receipt or the satisfaction paper officially en~ior~~ci or certifiedl shall be placed in the hands of said ~ ~torigagee ttiithin ten days next after payment; and in the e~•ent that any thereof is not so paid, satisfied and discharged, said I?iortgagee may at any time pa~ the same or any Fart thereof Kithout wai~~ng or affecting ~ any upti~n, lien, equity or riglit undcr or by t'~rit~P of this mort~age, and the full amount ot each and e~~ery such pa}ment shall be immediately due and payable nnd sh:ill bear intemst from the date thereof until paid ~ at the rate of ten per centurn per annum and t~~~eth~r w•~th such interest shall be secured by the lien of this ~ mortgage. ~ 3. To place and continuously keep on the bu:ldin;;s now or hereafter situate on said land ~re and ~vinSstorm ~ MaXimum ~ insurance in the usual standard puli~y form, in a swn n~t tess than S----~--- - in such. com- ~ pany or comprz;es as mat be ttppro~•ed bv sa:~l :~tortra;z~•e: an~i :?ll such insurance policies on any ot st?id buiid- ~ ings, any interest therein or part thereof, in the a~~rrkate sum aforPSaid or in excess thereof, shall contain the usual standard m~rt~agee CIHi15p mak~nR t}ie I~~~s ur.d~~r a~id poliries, each and every, payable to said riortga- ~ gee as his interesi may appear, and cach a.^.d e~•e: y su~ h p~~l~cy 9ha11 be promptly deli~•ered to and held by said ~ 11Sortgagee; and, not less than ten days in ad~•anre of the Pxpiration of each policy, to deliver to said btortga~ee a renetsal thereof, to~ether w•ith a receipt fnr thP prPmium of vn~h r~newal: and there shall be no such insur- ance placed on an~ ~f ~aid buildinKs. any ?nterest therFin or part thereof, unles9 in the form and with the loss ~ pavable as aforesaid: and in the e~-Pnt any sum of mnney becomes payable under such policy or poZicies said ~ btort~a~ee shall ha~•e the opii~~n to r~~ceive snd appl} the sam~ on account of the indebtedness secured hereby or to ~wrn~it sa:d ~tort~a~or to re~ei~•P ~nd use it or any part therenf for other purposes without themby waiving ; or impairing an~ equity, lien or ri~ht undcr nr by virtue of this mortgage; and in the event said Mortgagor shall ~ for ar.y re3sm fail to keep the ~aid pr•~nus~s so in~ur~d, or fail to delfver promptly an~ of said policies of ~ insurance to saul 11I~rI~a~ee, or fail promptt~ to pav fnlly :u~y premium therefor, or in any respect fail to per- S form. d~schar~e, execu,e, effect, complete, comply u-ith and abicle by this covenant, or any part hereof, said 1ltortg- - aRee may place and pa~ tor such inaurance or anv part therenf without v~aiving or affecting any option, liPn, i_; equity or riRht u~drr or b~ ~•irtue uf this mortRage, and the full :trpount of each and every auch payment shall - be immed~ately due and payable and shall bear int~rest from the date thereot unt11 paid at the rate of ten per _ _ centum per annum and together with such interest shall be secured by the lien of this mortga~e. 4. To permit, commit or si~ffer no waste, impairment or deterioration of said property or any part thereof. b. To pay nll and sin~ular the costs, char~es and expenses, including reasonable lawyer's fees artd cost oi absiracts ot title, incurmd or paid at any time by safd I?iortgagee because and~or in the erent of the fallure _ on the part ot the said 1liortRa~or to duly, promptly and tully perfotm, dlscharge, execute, etfect. complete. comply w~th and abide by each and every the sttpulation~, agreements, conditfon~ and covenants of said promi~- eory note, and thi~ mort~age, any or either, and sald costs, charges and expenses, each and every, shall be fm- mediately due and payable. Khether or not t1~ere be notice, demand, attempt to collect or suit pendin~: and the ~ r ftill amount of each and every such pa~~ment ahal) bear intereat from the date thereof untll pald at the rate o! ten per centum per annum: and all safd catte, charge~ ~nd expenaes eo incurred or paid, together v~~ith auch fn- tenat, shall be aecured by the llen ot thia mortgage. - r ? ~ 224 E~~~E2552 ~ ~ ~ _ -~x : F ' ~ : y>- ~ ~ } .~~"~'~uw~~~,~`"~?- i ~'~~x~~.., . ~~T"~~ ~~.3~'~'a ~-,s~ .~N~ ~.t„~~ w: - -