HomeMy WebLinkAbout1094 I!
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~O l~s same. togethe~ with the INtN111RI~, tisn~ifamenfs and appurts-
nances ihento 6elongIng. anA the renls. issues and pro~ifa t{~ereo~. unto fh~ mo~fgogw. tn ~ee stmp~e.
~ th~ mortgagor rnuenants wiih tkv rnortgagee fkat Ike mo?teagor is i~dejeati6ly ~~ized o~ suid
~und in ~ee simp~a: that tha mortgngor ha~ good ?t9tit ar~d lnwJu~ aatho~it~? to rnnvry aald ~and oa ajon-
sntd: thnt the mortgagor wtU make such ju?ihor auumnc~a to per{~ct tks (e~ simplt till~ to sald Iand in th~
~nortgagee as nwy ~asonablp b~ rocluirod~ thaf t~e mo?tgagor k~roby ju~~y wan~anta f~e tit~e to taid ~anc~
nnd wi!! de(snd ~i~e same aea~nat tks law/uI claima oJ aIl penona wkomaoaver and t1~nt snid land ts jro~
and ~ka. oJ a!I ,~~cumbro.~o.s . Mortgagee agrees to grant Partial Release or
Releasee of Mortgage upo~ pay off of no leas than 12596 of tha pur-
chase price pes acre, providing that any release comprisee the pro-
perty's er~tire east-west dimenaion, and that release begins at the
north line ancl proceeds eouth, or at the south line and proceeds
north. Credit toward auch release pay off or pay offs shall beqin ±
with principal paid in 1975 and subsequent term paymenta. _
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~ ~QV~ ~~s~ lhat iJ said morlgagor shall poy unto said moHgagee the certain promis-
- ` sory note hereina~ler substantia~~y copiecl or identified, to-wit:
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,19'f4 '
$240,000.00 ~
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For Valu~ Received, tht undarsigned. DEI.Ir1l00~ Z-~4. ~
~ praa?iee to pay c~ ~~Y 24 , 19 75, to thv order o!
~ GBOTiGB &~~RB and CA1bOR.Y~T H. Slrl~TA6R8, his wite, th~ pri~c~- .
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~ c ipal suai o! T(~O H[JNDRBD p'"ORT7t ~~8~ 240, 000 , 00
~ vith intare~t on the unPaid priucipal at ths rate o! 8 unti
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lully paid ~rithout d~falcation. principal and int~re~t shall b~
paid by the und~ssi~gnea at the princip~?1 ottice o! George A.
to~ D. C.
~ Siaathers, 1700 penn~ylvania P?v~nu~, N. M., ~ia~hing ,
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= 20006, or st such oth~r plac~ as th~ holdsr oay d~eignate in
writinq, in lawtul ma?ey o! t!~ t~iitM! ~tat~~ o! ~trica, a~
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lollaws: ~~r~
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