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~ 544 ~4--------------- - May - !s - - - ~ 9 74- ~
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POR VAW E R C IVE t ~~d~ n~d,i9i tt~ ~~Y I P1~OMISE TQ PA1f ro th~ o~de? of ~
~ HE~Y ~ARD~ antl ~IL~IAN~~2Di,E. his wiie - - - - ~ 4
- - - _ _
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. Three T~o an ve Hundred an No 1(X; - - - - - -
. . - - - - - DOLLARS
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; - - - - - - - or such oth~r placs as th~ holde~
henof may nat~ in w~itina toyether ~rith inbnst fron! -M~i-----L.~------------~74------------------------.
at tha aN of _ ~L~_~1__ pK c~efum p~r annum on th~ unpaid balaoc~ until maturity. Ths ~id principal and interost shall
~ be du~ and pa able as follows:
; $ 11 . 9C ~ month the first payment beinq due May 15, 1974, and continue far each
maa therea~ unti~~.. This sum of ~!1C. 9C ~id each month shall Arst
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i~@ C+~6~~ty l.[1tEi~E3 8~1 tfiC Fe~tiall~(~G[` LV Li1t3 ~u li1l:l~CLt ui Lt713 vUllt~ci~.l~iii. ,i iiia -
; _:,.a~ be prepa,i at time without penalty.
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~ If d~fa~h b~ w~ fK --_15.__ ds~rs iw parw~wt of a~ i~tta e/ prineip~l er iwNnst w swr p~et IMnei, Ilw wlwb sww Nww n~wainiiy
uepai~ weh iwhe~tt sMll a~ MWN's epKow b~ee~ dw +~d p~ra witbout fie~. Failrn to ~:~rei~ web optiew siuM wof eows h'ty~ ahn~ ef fM
righf N~x~niw 11N s~~ i~ 11» ~wet oF s~b~qwwt d~fauM. ft~r bofb peiatips) ~nd ~eerwd iaNnst ~U b~H iwhe+st sl t1. p~r e~awiw ~
p~r ~w~ nw1i1 p~id. il» w~k~n ~wd MdoMrs of N~is aeh e1Mr wi d~m~ad, wolie~ of new~p~raNn1 swd pret~sl. If tids we1~ is not paid at ~
matwihr ~wd 1M s~w» is plac~d wilh ~ ~trorn~r is? celMction. NN wak~n d~ndors~rs Mnof ay?N to p~r all cosls of cofl~Nion, iecludiny ~II carrl ~
cotM awd e~asow~bb ~tNnNr 1NS.
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and ahall duly. prompily and fully perform. di~charge, execute, etfect, completp, comply wlth and abide by each
and every the stipulations. agreemente, conditions and covenants of said pmm~s~ory note and of this mortgage,
then thla mortgage and the eatate hereby created shall cease and De null and void.
It i~ underatood that each of the won18. "note; '"mortgagor" and "mortgagee" teapectively and the pmn-
a,a~a, ~:fer ~r nl:~rs! snvwhsrr t~ chla mnrteaee, el~ell be ain~lar it nne only
UUlID [L1CC[1116 YKic~~h ~%LCW~t' pw... j-~__~
and ahall be plural jointly and aeverally. If more than one, and ahall be magculine. feminine and/or neuter. wher-
ever the oontext ao implies or admit~.
And ssld Mortgagor tor himselt and hia heirs, legal representattvea. auccessore and assigns~ hereby coven-
ants ana agrees W and with eaid Mortgagee, hia legal reptesentatives, successor9 and assigns:
1. To pay all and aingvlar the prtncipal and interest aad the various and aundry suma ot money payable by
virtue oi said pmmissory note. and this mortgage. each and every. prompUy on the daye respectively We same
aeverally become due.
2. To pay all and singular the twces, assessments, levies. liabflities. obligations and incumbrances oi every
nature and kind now on esid described proPer~Y. s+?cl/or that hereafter may be lmposed. auttered, placed, levied
or assesaed 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 penatty is incurred; and in so tar as any thereot ia of record the same
' shall be promptly satisfied and discharged ot record and the original official document (euch as. tor instance,
ihe tax receipt or the satiafaction paper of~cially endorsed or certified? shall be placed !n the hands ot said
Mortgagee within ten days next after payment; and in the event that any thereof is not ao paid. satisfied and
discharged. said Mortgagee may at any time pay the same or any part thereot w-ithout waiving or atfecting
any optipn, lien, equity or right under or b} ~•irtue of this mortgage, and the tull amount of each and every
such payment shall be immediately due and payable and shall bear interest lrom the date thereof until paid
at the rate ot ten per centurn per annum and together with such interest shall be secured by the lien of thie
mortgage.
3. To place and continuously keep on the buildin~a now or hereafter aituate on said land fire and wlndstorm
insurance in the usual standard policy form, in a sum not less than ;......._..~~~11,~~ In such com-
pany or compsnics as may be approved by said Mortga~ce: and all such insurance policie~ on any of eaid bulld-
inga, any interest therein or part thereof, in the aR~re~ate sum atoresaid or in excess Lhereof. shall contain the
usual standard mortgagee dause makinR the lo~s ur.drr said policies, each and every, ptayable to said Mortga-
gee as hia interest may appear, and each ar.d eeery su~•h pnlicy shall be promptly delivered to and held by esid
Mortgagee: and, not less than ten days in ad.•ance of the expiration ot each policy, to deliver to satd Mortgagee
a renewal thereof, toRether with a receipt for thp preminm of ai~~h renewal• and there ahall be no such insur-
ance placed on any of sald buildinRs, any interest therein or part thereof, unless in the form and wtih the loss
payable as aforesaid: and in the e~ ent any sum o[ money becomea payable under such pollcy or policies said
Mortgagee shall have the option to receive and apply the same on account of the indebtednes~ secured hereby or
to permit said Mortgagor to receive and use it or any part thereot tor other purposes withont thereby waiving
or impairing any equity, lien or riRht under or by virtue of this mortgage; and in the event ssld Mortgagor shall
for any reason fail to keep the said premises so in4urcd, or tail to deliver prompUy any ot said policies oi
~ insurance to said 1liortgagee, or fail prompUy to pay fully any premium therefor, or in any respect fatl to per-
form, discharge, execute, effect, complete, comply ~ti~th and abide by thia covenant, or any part hereof, said Mortg-
agee may place and pay for such insurance or any part thereof without waiving or atfecting any option, lien.
equity or right under or by virtue of this mortgage, and the fup an?ount of each and every such payment ahall
be lmmediately due and payable and shall bear intPrest trom the date thereof unt11 paid at ttie rate of ten per
centum per annum and together with such interest shall be eecured by the Hen of this mortgage.
4. To permlt, commit or suffer no aa~te, impairmeat or deterioration of aaid pmperty or any part thereot.
6. To pay all and aingular the ca~ts, chargea and expenses, including reseonable lawyer's tees and cost of
abatracta of title, lncurred or paid at any tlme by aafd Mortgagee becauae and/or in the event of the tallurs
on the part ot the said Mortgagor to duly. prompily and fully perform. dlscharge, execute, etfect, complete.
comply wfth and abide by each and every the sttpulatlons, agteements, condiUons and oovenanta of said promis-
aory note, and thia mortgage. any or ei[her, and said costs, charges and expenses, each and every. shall be 1m-
mediately due and payable. whether or not there be notice, demand, attempt to cotlect or sult pending• sad ths
full amount of each and every such payment ahall bear interest from the date thereof untll patd st the rste ot
ten per centum per annum• and all eald coats, charges snd e~cpease~ so lncurnd or Paia+ to8ether with such !n-
tenst, shall be secured by the liea of thls mortgage.
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~ 1 PACE~~~
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