HomeMy WebLinkAbout0946 ~ 1?~r~?t?~i~.S~~iL44's~it?~i~i4~iSi~.'.?.~.~i4~.44s?4~.S?'••r•r4~i•.'.•.•.•~•+•.•sL•.'.•s•.~i•.~i~i~s'~!sS?S?L4L4~sSS?~t•
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. FOR VAiUE RECENEO, 11N und~tsi~n~d, ioiMly snd ~v~nllr, PROMISE TO PAV to th~ or~~~ of
Willl ~~_~:cld_E.a. ~1~.~txl.ns_ LsSS.eII1er,--hiS_~aif9----------------•
Four Th - --and_No_ ICQ_ oo~uRS.
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at - - - - - or ch K plac~ as th~ holdar
h~nof mar nab ie wrifin~ to~Nher with inrorost from ------L1?'7 ---o3l--r--f-~~ ~ - - - - -
~ _ pK c~ntum p~? annum on th~ unpaid balanc~ until sturi TM ssid 'nci 1 and ietK~u shall
at fl+~ rah sf 1(~t-- - tY• Pn P~
be dw snd paya s follows:
~ 84. 9fl a month, the #irst p~yment beinq due one month from date, arui
~ continue for each rnonth thereafter until ~id. This sum of $84. 99 patd
~a ea.ch month s st be credited to interest and the rem.aiader to the ±
~ principal of s ~ation. This note may be prePaid at ar~Y time without ~
.
, penalty.
N AiarM w iws~ fM ~~J _ ~ars iw tl» pa~law~ ~f a~y i~stapw~w~ ~f reiseipal M iwNhse ee +~y ~ae1 fk~eNf. NM wUob s~ MN nwuiwi~y
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M N~awsia 11» s~wr is tM ~ww/ d wN ~isrh_ AfNr wa~wih~ M1A P~iwdP+~ Md seerwJ iwhe~st sAsq b~ar iwhhst N...1 M? ewro~
p~ir awwrw rwfil pi~. iM wakMS ~ Nps wN~ fw~Mr waiw d~waw~. ~e~iu of wew~par~wew~ swd ~Nesi. li thia woN is ae~ p+id at ~
w~Mwihr awJ N» s~ is ~be~ wit6 a~ r aN~et+e~. tM wak~rs sar ~wderwn Mrtof aye~s 1e pr ~M eests ei eelMetiow. i~eludi~~ ~U ewrt ~
~ cwb ~ r~aNw+M~ M1~e~wr hM• ~L
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ilCichael Jc~senh Grella
AfNsf: - - - ~s~) -
~ Loretta Grell.a ~
' _ . _ (sEAu
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.
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.~r~..~84•
and shall duly, promptly and fully pertorm, diacharge, execute, effect, completP, romply wlth and abide by each
and every the stipulations, agreements, cond?tions and covenants of said prom~ssory note and of this mortgage.
then this mortgage and the estate hereby created shall cease and be null and vold.
It i~ underatood that each oi the wonis, "aote; '"mortgagoY' and "mortgagee" respectively and the pron-
ouna referring thereto. whether in the singular or plural anywhere in thls mortgage, ahall be singular it one ody
and shall be plural joinUy and severally. if more than one, and shall be ma4culine, feminine and/or neuter, wher-
e~er the oontext so implies or admits.
And said Mortgagor for himaelf and his heirs. legal representat3ve9, successors and assigna. hereby ooven-
ants ana sgrees to and with said Diortgagee, his legal representatives, successors and assigns:
1. To pay all and aingular the principat and interest and the varlous and aundry suma ot money payable by
virtue ot said promissory aote. and this mortgage, each and every. promptly on the days respectively the sams
severally become due.
2. To pay all and aingular the txxes, assessments, levies, liabilities, obltgation~ and incumbr8nce~ ot every
~ nature and kind now on said described property, andlor that hereafter may be imposed, auffer¢d. placed, 9evied
~ 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 acrnrding to law, before they become delinquent,
t and before any interest attaches or any penalty is incurred; and in so far as any thereo! ia ot record the same
6 shall be prompUy aatisfied and discharged of record and the original official document (such as, for instance,
~ :he tax receipt or the satisfaction paper officially endorsed or certifiedl shall be placed in the hands of said
Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged. s.aid Mortgagee may at any time pay the sante or any part thereof v~lthout waiving or affecting
~ any option, llen, equity or right under or by ~irtue of this mortgage, and the full amount ot each and every
such payment shall be immediately due and payable 1nd shall bear interest from the dnte thereof until paid
~ at the rate of ten per centum per annum and together with such interest shall be secured by the lien of thin
~ mortgage.
3. To place and continuously ke~p on the bu~ldin~s now or hereafter attuate on said land fire and windstorm
insurance in the usual standard policy ferm, in a sum not less than i--~-•--~---~~X~um••-•-•-.-•--_--_--... in such com-
pany or comp^nies as may be approved by said 1?iort~a~ce: and all such insurance policies on any of said build-
ings, any interest therein or part thereof, in the a~~regate sum atoresaid or in excess thereot, ahall contain the
usual standard moriRagee clause making the l~r.s ur.d~r said policies, each and every, psyable Lo said Mortga-
gee as his interest may appear, and each and e~•e: y such poticy shall be promptly delivered to and held by said
Mortgagee: and, not-less than ten days in ad~•ance ot the expiration of each policy, to deliver to sxid Mortgagee
a renewal thereof, toRether with a receipt f~r the premium ~f q~~~h renewwl: and there shall be no such insur-
~ ance placed on any of ?aid buildinRs, any interest therein or part thereof, unless in the form and with the loss
payable as atoresaid: snd in the e~•ent any sum o[ money becomes payable under such policy or pollcies said
~ Mori~agee shal! ha~e the oplion to recei~e and apply the same on account ot ihe indebtedness secured hereby or
to permit said Mortgagor to receive and uce it or any part fhereot for other purposes without thereby waiving
~ or impalring any equity. lien or right under or by virtue of this mortgage; and in the event said Mortgagor ahall
~ for any reason tail to keep the said premiees so 1nQumd, or fail to deliver promptly any of said policies ot
insurance to said 1ltortga~ee, or fail prompUy to p1y fnlly any premium therefor. or in any respect fafl to per-
~ torm, discharge, execute, effect, complete, comply ~vith and abide by this covenant, or any part hereot. said Mortg-
~ agee may place and pay for such insurance or any part thereoi without waiving or atfecting any option, lien,
: • equity or right under or by virtue of this mortgage, and the full amount of each and every auch payment shall
be immediately due and papable nnd shall bear intprest from the date thereot unttl paid at the rate ot ten per
~ centum per annum and together with such lnterest ~hall be aecured by the lien ot this mortgage.
~ 4. To perml~ commit or sutfer no waste, impairment or deterioration oi aaid property or any part thereof.
6. To pay all and aingular the co~ta, chargea snd expenses, including reasonable lawye~s fees and coet ot
abatracta of title, fncurred or pald at any time by said Mortgagee because and/or in the e~ent of the fallurs
~ on the pgrt ot the said Mortgagor to duly, promptly and Nlly perform, diecharge, ea~ecute. eftect. complete.
rnmply with and abide by each and every the stipulatione, agreements, condition~ end oovenants of said promia-
aory note, and thia mortgage. ariy or elther, and said costs, charges and expene~s. each and every, ahall be 1m-
mediately due and payable, whether or not there be notice, demand, attempt to collect or ault pending: and the
~ full amount ot each and every such payment ahall bear interest from the date thereof unW pald at the rate o!
~ ten per centum per atu~um• and all eaid cwte, charges snd e~cpense~ so lncun~ed or pald, toSetlier with euch in-
terest, shall be secured by the llen oi thls mortgage.
E' t ~.~0 PAG~
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