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HomeMy WebLinkAbout0391 . - _ ~ ~f'r 'S?S.S?S.Sr~.~.~.Yi3.-•.'L-4•.~.•.•.4•~4•.'.•+'•'•'~'•'•'•~•`~~•~•~~~~~~'•~'~'~'~'~'~'~'~'~'~~~'~'~'~'~'~~~~~~~~~~~~•~,~~~,~,~,~•~•~•~,~•~,~,~ 1 • -APril__ O. . . 19 74 ~ ; 35_, 900. 00 " ~ FOR VALUE RECEIVED, th~ undeai~n~d, jointly snd severally. PROMISE TO PAY to Ihe or~er of - - - - ; ~ his__wif8------------- - ~ - - ; . B4~~ET~._~3nd__ARNAINA._F.._ CROSSETT _ • ` _.~iARI~C_ s-- . - - ~ ~OttARS, ~ Thi~'~y-=f~.Y __T Qus.~_~'iY~__.Hundr.ed.__ansi__No _1QQ_~------ ~ _ or such othe~ place as the holde~ ` ~ - - - : at - : ` ether with interest from ~ hereof mar de ~eats ie'w~itin~ tog /9~l_~~~--- - at ths ~ate of -~3f-- pe~ «nfum pe~ annun~ on the unpaid balance until maturity. The said principal a~d interest shall ~ be due and pay follows: , r.. ~ fi f341.93 a month, the first payment being due one month from date, and ~ ~ continue for each month thereafter until oainterestsandmthe remainder y~; paid each month s 11 first be credited t re aid at an ~ to the principal f his obligation. This note may be p P Y time after five ear from date of this Note without penalty. ` Prepay penaltX w thi five t5) years is balance of interest for first Sy$ar: If d~Fauh b~ sad~ ior -----17.. d+ iu t parnwnf of sny insullnrnt of priei~pal e? inNnsf or sny psrt IMnof, IM whole sum ~I?ee nmainino unpaid wilh iaf~st sA~11 +t hold~rt oplaa dw and p+ysbls withow notic~. Fail~n te ~x~rcis~ such option sha{I nol toestilut~~a wsire r centvm ~ ~ight to ~x~~c&~ NN s+w~ ef i~bs~qv~ut d~fauh. AfNr ma~wiryr bofh P~~ncipal snd accru~d 'whnst shall b~+r inMKSt at 7~~p M u p~~ sw~vA wtil p+~d. ~nd ~ndo~s~n of this noN furtMr waiv~ d~mand, eoKc~ of non-paym~nt alldc sfs, of colkvion~~includinq~all~couA mawrifp and fM s~~w i~ Plac~d witl~ a~ aNorn~y for colbct k~n and ~ndorsen hertof s n~ to par ` costs and nawwabb ~1ronNp fNS. , i• : • : ` ' . - - - - (s~~) - ~ - - - Ja Oradat - - (SEAL) - , ~ - - - - Attest: - ~ Ros e Oradat - (SEAL) • - - - - - - ~.~i'i'?~i~iS-~s~l.~r~i,~ifi~ifi~i~l~l'~?~i~i~i~i~i~~i~i~i'i~i~i~ifi~isi~i~i i~ififi~i~?fi~i~~!di~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~if?~i and ahall duly. promptly and fully pertorm. diacharge. execute, effect, rnmpletP, comply wtth ei?d abide by each and every the stipulations. agreements, conditions and covenants of said promissory note end oi this mortgage. then this mortgage and We estate hereby created shall cease and be null and void. It ia underatood that each oi the worcia, "note," "morigagor" and "mortgagee" respectlvely and the pron- ouna referring thereto. whether in the singular or plural anywhere in th18 mortgage. aha11 be sinSular if one oniy and ahall be plural jointly and severally. if more than one, and ahall be masculine, feminine and/or neuter, wher- F ever the context so implies or admits. And se?id Mortgagor !or himselt and 1us heirs, legal representatives. auccessora end a9sigw, henby coven- snts ana agrees to and with eaid 7dortgagee. hia legal repreaentatives, successors and assiSns: 1. To pay all at?d sinBular the princ[pal az?d interest and the various and aundry suma ot money psyable b~ virtue oi said pmmiasory note. sad this mortgage. each and every, P~~PUy on the days re9Pectively We same I, severally become due. I 2. To pay a11 aad su?Sular the taxes~ es~sments. leviea. liabilities, obllgatlons ~d auffered, placed, levie~d nature and kind now on eaid described pmperlY. andtor that hereafter may be Imposed. ~ or assesaed ihereupon, 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. betore Lhey become deli~quent, and before any interest attaches or any penalty is incurred; and in so far as anY thereot is of record the same sha11 be prumptly satisfied and discharged of record and the ori~;inal official document (such as. tor instance, ihe tax receipt or the satiafaction paper of~cially endoraed or cercified) ahall be placed in tt?e handa of said Mortgagee within ten days next after payment; and in the event tt?at any thereof ia not ao paid. satisfied and discharged, said Mortgagee may at any time pay the same ~r any part thereot without waiving or affecting any optibn, lien, equity or right under or by virtue of this mortgage. and the full amount of each and everq atcthe arate of t nl per cent m~aper annum anda together with ~su haintere tg9hell be securede Y the uen ol! pthis mortgage. 3. To place and continuously keep on the buildin~a now or hereafter attuate on said land fin and windstorm 35 00 00 lnsurance in the usual standard policy form. in a sum not less than =..--••--•-----a-~...._..~------•-...------ fn auch com- pany or Comp^nics as may be approved by said Mort~a~ce; and all such insutance policiea on any of esid build- ;ngs, any (nterest therein or psrt thereof, in the aRfiregate sum atomsaid or in excess theceotb., s~all~d Mortga. _ usual standard mortRagee clause makinq the lu.cs ur.d~r said policiea, each and every, paya , gee as his interest may appear, and each ar.d e~•ery su~•h policy shall be promptly delivered to and held by esid Mortgagee: and. not less than ten days in ad.~ance o[ ihe exp~ration of each policy. to deliver to swid Mortgagee a renewal thereof, to~ether with a receipt for the premeum of auoh mnewal: and there ahall be no euch insur- ance placed on any of saJd buildinRs, any interest therein or part thereof. unless in the form and with the loas payable aa aforesaid: and in the e~ent any sum of money becomes payable under auch pollcy or polIcies said Mortgagee shall have the option to receive and appty the same on account ot the indebtednesa aecured hereby or . to permit said Mortgagor to recelve and use it or any part thereot for other purposea a?ithout thereby waiving or impairing any e9ulty, llen or right under or by virtue of this mortgage: and in the event said Mortgagor ahall tor any reasoa fail to keep the said premises so insumd, or fail to deliver prompUy 8ny of aaid policiq o! insurance to said l?iortgagee. or fail promptly to pay fl~lly any premium therefor, or in an~t ~f ~d Mor~tg- form. discharge, eaecute, e(fect, complete, comply ~~~th and abide by thia covenant, or any p agee may place and pay for such insurance or any part thereo[ without waiving or affecting ~Y °pU nt ahaII equity or right under or by virtue of this mortgage, and the full arpount of each and every euch paym be fmmediately due and payab)e and shall bear intPrest trom the date thereof unt11 paid at the rate oi ten per ~ centum per annum and together with auch interest ahall be eecured bY the llen of this inortB88g• 4. To permlt, commit or suffer no waste, impairment or deterioration of said propertq or any part there~• 6, Tp pay all and aingular the cwts, chargea and expenses, including reasonable lawyer'e feea and coet o! abstracta ot tiUe, lncurred or pald at any tlme by sald Mortgagee because andlor in the event of the taflure : on the patt ot the said Mortgagor to duly, promptly and tully perform. dlscharge. uecute, effect, complete. cotnply wlth and sbide by each and every the sUpulatione, agteea?ents, cond~tlons ~ri ~a~?~ry ~ u be tm- sory note, and thia mortgage. any or elther, and sald costs, chargea and e.~pensee. . mediately due and payable, whether or not theoe be notice, demand, attempt to collect or sult a~dtln~e ~ full amount of each and every auch payment ahall bear interest from the date tt~ereof unW Pa1 ten per centum per annum• and all asld coate, charges snd acpeases so fncurrsd or paid, toBether with such fn- krest, sUall be secured by the lien oi thts mortgage. ~ooK l27 ~cE 390 , : a - -=:ti~~ -re a a ~ . ~ -