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FOR VALUE RECEIVED, undKSi~e~d~ oint~~nd s~w~all P~R~
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at _P.~C~.__LOX 116~_ J?tLSeCI L~'$CYI~-- F10ridR._~s~~~__-_--- wch oth~r placs as th* o r ~
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henof ~nay nab in writin~ to~ther with int~r~st fwm ~~-~-----~'~~---«-7- -
: at th~ rat~ of PK Nntw» p~r snnum on the unpaid bslanc~ until maturity. T• ssid principal and interost shsll
be du~ snd pay bi~ ss follows:
.1 24 mon the r ent be~~q d~.~ o~~onth f r~~~t~~ ~d
thh . sum o
~o inue~ eac mc:n r er sn -pe~
each nth shali first be ited to interest and the re~maind~i~te without
princip~l ~f thts ob' iq on. is note ma4y be prepaid aqy
petiatty .
i~Nerst er ~r parf tMnof, tM wlwM sun~ fh~w nauininy
I^ days iw tM p~ t of iast~ll~nt cip+ aiwr ef th~
If d~hvlt b~ u~sd~ fer - witlww no . F' ~:KCis~ wch eptkw shs9 eot cowsKtvl~
u
unpai+ wAh i~1a~s1 s1~+11 st lald~~'s e'1io~ b~co~ dw sw ' i snd accrwd iwNnsl slup b~u iwNhtt d..._ P~r c~ewu~
rigl~t N~~ciw fIN sw iw fIN ~wwf ef srb+~Vv~w~ d~favh. Af»? aU car~ ~
p~r aw~Y1~ Ywli~ p+i~• 1M w1~1tNS aud MdorNrs~ celMdiew. 11N~
n~i~k~n ad~aun ~ Mneff ay~ Mr all cos~s eff
~ selbdiow. iwclvdino' ~ st ~j
mah?rily ~d Ilr s~w~ is plac~d wilh M ~MenNr ' 'S
cosn s~d e~~~~~ +~~sY fsss. 1~
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~ -------W ~1ter M. Champio ,---Jr. ~ •
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Attea: ~
---------Ann IVI;-- Cha.mpion
- (SEAL)
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snd ahall duly. prompUy and fully pertorm. diacharge. executc, etfect, complete. comply wlth and abide by each
and everv the stipulatiw~s, agreements, conditione snd covenants of said promissory note and of this mortgage.
then this mortgage aad We estate hereby created shall cease and be null and void.
It is understood that each ot the wor~fs, ••aote.•• ..mortgagoY' end "moRgagee•• reapectivelq and the pmn-
oune referring thereto. whether in the eingular or plural aaywhere in thls mortgage. ahal) be slt~gular if one ody
and ahall be plural jointly and severally. if more than one, and ahali be masculine, feminine and/or neuter. wher-
ever the oontext so implies or admits.
And said Mortgagor for himaelt and his heire. legal repreaentativea. succes9ors and a9stgns, hereby coven-
anta ana agrees W and with satd Mortgagee, hia legal repreaentativea, succeasore and aa~igna:
1. To pay a11 aad singvlar the pr[ncipal and intereat and the various and sundry sume of money payable by
virtue oi said promLrsory aote. and this mortgage. each and every. pmmpUy on the days reapactively the same
severally becoma due.
2. To pay all and singulsr the t+uces. essessments. levies. liabllitiea. obUgationa snd incurabrances of every
nature and kind now on eaid described pmperty. and/or that hereaiter may be impomed. aufterEd. placed, levied
i or aseesaed thereupon. and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
~ ness secured hereby. each and every, when due and payable according to law, before they become delinquent,
and before any interest attaches or any penalty is incurred; and in so tar as any ihereof i~ ot record the same
, sha11 be prompUy satisfied and discharged of record and the original otticial document (auch as, tor inatance.
the tax receipt or the setiafaction paper officially endorsed or certified) shall be placed ~in the hands of said
Mortgagee wlthin ten days next after payment; and in the event that any thereof is not ao paid, satisfied and
discharged. satd Mortgagee n?aY at any Ume pay the same or any part thereof without waiving or atfecting
any optibn, lien, equity or right under or by virtue of this mortgage, and the full amount of each and everq
such payment shall be immediately due and payable and shall bear interest from the date thereoi until pald
at the rate of ten per centum per annum and together with such interest shall be secured by the lien of thie
mortgage.
To place and continuously keep on the buildinRa now or hereafter eituate on said land fire and windstorm ~
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inaurance in the usual standard policy [orm, in a sum not less than =_.....M~imuYTl in such com- ;
pany or comp^nics as may be approved by said Mort~a~ce: and all such insurance policies on any of eaid build-
inga, any interest therein or part thereof. in the a~gregate aum atoresaid or in excess thereot, ehall contain the
usual standard mortgagee clause making the loas ur.der ssud policiea, each and every. payable to said Mortga.
gee as bis interest may appear, and each and e~~ery su~•h policy shall be promptly delivered to and held by aaid
Mortgagee; and, not less than ten days [n advance of the exp~ri?tion of each policy. to deHver to aatd Mortgagee
s renewal thereof, to~;ether with a receipt for the prrmium of sa~nc ~enewal• and there shall be no such insur-
ance placed on any of said buildings, any interest therein or patt thereof. unless in the form and wlth the loss
payable as aforesaid; and in the e~ent any sum o[ money becomes payable under such pollcy or policiea said
Mortgagee shall have the opt~on to receive and apply the same on account of the fndebtedneas secured hereby or
to permit said Mortgagor to receive and use it or any pari thereot for other purposes without thereby waiving
or impatring any equity, lien or right under or by virtue oi this mortgage; and in the event said Mortgagor ahall
for any reasoa fail to keep the said premiees so in4umd, or fail to deliver prompUy any ot ~t fa~il to per-
insurance to said Mortgagee, or tail prompUy to pay fully any premium theretor. or in any respeC
torm, discharge, execute, effect, complete, comply with and abide by thia covenant, or any part hereof~ aaid Mortg- ,
agee may place and pay fo~ such insurance or any part thereo! without waiving or affect3ng any opi~ent shall
equity or tight under or by virtue of thia mortgage, and the full amount of each and every euch paym
be immediately due and payable and ahall bear interest from the date thereo! until paid at the rate ot ten per
centum per annum and together with such int~rest ahall be secured by the Hen of Uils mortgage.
- 4. To permlt, commit or aufter no weate, impairment or deterlorstton oi said property or any part thereof-
6, To pay all and singular the costa, chargea and expenses, including reasonable lawyer's feea and cost of
abstracte oi tiUe. incurred or paid at any time by satd Mortgagee because and/or in the event of the latlure
on the part of the ssid Mortgagor to duly, promptly and tully perform. discharBe. ezecute~ effect, complete,
compiy with and abide by each and every the sUpulaUons, agreements, condiUons ~h
~d e?~ry
sory note. and thia mortgage, any or either, and said co9ts, charges and eapet~a~s. ~
mediately due and payable, whether or not thece be notice, demand, sttempt to colleet or suit pending: and ths
!ull amount of each and every auch psyment ahall bear interest trom the dats tt~ereo! un~ E~rat~t~h~es
ten per centum per annwn• aad ali safd costa, charges snd expeass~ .0 lncnrnd or patd, S
tenst, shall be secured by tbs Uen oi this mortgsge.
g~K227 371
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