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Home My WebLink About0359 ~ i I i I I~ I I/ I I I I I? ? I I I/ I I I I I I 1 I I I I I f I I I I I I/ I I/ I I I I I I I I I I I~~~• '...i~~s~~~~~~~~~L~~s~~~~~~~~~~~~~~~~~~~~~~~~~i~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~• • ~ I ` , 7 4. . t 099, 000. QQ----._..._.. June . . . 19 ~ : ti VALUE RECEIVED, ths undersig~ed, jointly and scve~ally. PROMISE TO PAY lo the o~~e~ of - ~ . . - - - - . ~at.ric~a ..J.,~__C~rr~r._.Trustee . - • - ~ t ; SIX _~JNDR_~D--~1IN~"rY.-:IIN~_TH~USAND....($699..OQO.QO)--AND..NO/l0U----------- GOLIARS. ~ a~ c/o_.Elio~._Jc3~ic;Way.-._15.. E. _ f30th St.,__ NY~--NY-..10021.__..- _.---.-_or such olher plscs •s th• holdtr ~ : hcrcof may designats in writing rogethe~ with iMe~est from __._.??une.... 19_74 . at tho rate of ____.5______________ pe~ ceotum per annum on the uopaid balance until maturity. Th~ s~id principal a~d interest shsll ~ : bc due and payable as follows: ` one (1) year from date of c' ing pay accrued interest ; ti ~ao (2) years from date of clbsing pay accrued interest; ~ ; Three (3) years from date f c s' pay $116,500.00 principal, plus interest~ ;~n1 each year or. the same r e pay a like swn of principal plus 4 interest until fully paid. T'h' e be prepaid at such times and in s ~ such amounts as maker desires wi out pe alty. ~ If d~(~~b M nud~ f~r ..30- daps in tIN payawwl of iwst~llmeat o priwcipal w iaN:~st w sar p~rt M~r~ei, tb~ wlwb suw eMn ~tm~iw:n9 : ~~pa~d wi~6 iu~~nst shall a1 Mld~r'a opti~w secoww dw and payab w.1Mv1 aetic~ Fail~n te ~x~rcis~ ~~cA opt~ew shall ~el ~OOf1i1W~ • wair~r oi th~ ; ~ r~gh~ te ~x~nis~ fIN u~nt ie ~h~ ~v~w1 of svbs~qwwl d~Favlt. Aft~r ws~vrity Priwcipa) aad ~ctrwd inN~~s1 s1~~U b~a~ iwNnsl ~t _ . p~~ c~~~~~ ~ : Per aen~o wtil psid. Tk~ nuk~n +wd ~wdonan ~f tAis wN~ hrAh~~ w+i~~ d~iwaed. wetis~ of new-par~at ~wd prN~st. If thi~ w~N is wo1 p+id a1 ` maturiy ~ud th~ s~a» is pbc~d wi~l~ ~u ~t~ew~r fM s~lbeti~w, tM wuk~n a~ ~ud~rs~n Iwno! s~ 1~ pr all s+sb ~i s~lbeii~w. i~elvJis~ ~U e~vA ; • . co.ra and ~~~ww~b1~ ~tNnNr h~s. ` . ; _ ` . : - ~ : ~ : / ` ; s ~-l'~-------~s.-~~ . (S~?t) . : I~ansom R. Tilton, Trus e~"~ ~ : • . • ' (SEAy - - ~ . ' ~ , Attast: . - . . - (SEAI) ~.'~'i r ~~i!~v~~i~i~r~~iv~i~i~i!~ti~i~i~r~i~i~i~~~i~N~~~~-~i-~~~~~~~~~~~~•~~~~~-~~~~~~~~~~~?~ib~?~i~i~i~i~i~i~i~ib~i~i~i~i~i~i!?~~~~~~~~~~~~~r~~~~~i~i~i~~~~~~~~~~~~~~~~~~~~~i~i~i~i~i~i-~ and shall duly, promptlv and fully pPrtorm, discharge, executP, e(fect, complet~, romply with and abide by each and e~-erv the stipu:ations, agreements, conditions and covenants of snld prom~ssory note and ot thi~ mortgage, then this mortga~e and the estate hereby created shall cease and be null ara voi~i. . It is understood that each of the ~~onis. "note." "mortgagor" and "r:iorigagee" respecii~ely and the pron- ouns reterring thereto, v~~hether in the singular or plural anywhere in thls mortgage, ahall be singular it one only and shall be plural jointly and severally, it mure ihan one, and shall be inagculine, feminine and/or neuter. wher- e~er thc con:Px[ sc implirs ar edmits. And said Morigagor for himself and his heirs, legal representatives, successors and assigns, hereb~ covrar- ants ana agrees to and with suid btortgagee, his legal repceseniatives.successors and assigns: 1. To pay all and singular the principal and intemat and the various and sunclry sums of money payable by ~tiriue of said promissory note, and thi~ mortgage, each ar.d every, promptly on the day~ re9pectively the same 'i severally become due. ~ 2. To gay all and singutar the taxes, assessments, levie9, liabilities, obliRations and incumbrances of e~ ery f nature and k~nd n~w on saia descntx~l pwperty, an3i'a,- .hai hereafier : ss~ be impasa3, suffes~ plac~ le~Z~3 ~ or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgaRe and%or the indebted- ~ ness secured hereby, eaeh and e~en, v~hen due and payable accorciing to law, before ihey become delinquent~ and before any interest attaches or any penelly is incurre~i: and in ao tar as any thereof is of record the same ~ ahall be prorr.ptly satisfied and discha Qed of record and the on~inal off~cial document (such as, tor instance, ihe i=_t receipt or .he satisfaction paper officially endorsed or certif~ecil shqil be placed in the hands o! said :1Sortgagee v~~thin ten days next after payment; and in lhe e~•ent that any thereof is not so paid, satisfied and discharged, said riortga~ee may at any time pay the same or any part there~f w-ithout wai~~ng or affe..ting any option. lien, equity or right under or b~• ~~~rtur of this mortgage, and the full amount of each and e~ery surh payment shall be immediately 8ue and ;~ayabte anJ shail benr intemst from the date thereof until paid at the rate of ten per centurn per annum and tugeth~r K-ith such interest shall be secured by the lien of this mortgage. 3. To place and continuousiy kePp on the bu~lclin~s now or hereafter situate on said land fire and windstorm insurance tu the usual standard policy form, in a sum n~t less thnn S M~Z~lm•--------_--•--.-•--------•••• ~n such com- pany or comp^ai<•s as ma~ be appm~'ed by sai~l '.?ir~r!rar~~e: xmi all such insurance policies on any of said build- ings, any interest therein or part thereof, in the n~~rrgate sum afore~aid or in excess thereof, shall contain the usuai standard mort~agee clause makin~ the lu~a ur.d~~r s:ud noliciea, each and every, payable to said Atortga- gee as his interest ma~ apE?ear, an1 en~h ar.d F~-e:~• su~•h ~Gcy ahall be promptly deli~•ered to and held by said Dlortgagee: and, not less than ten ~tavs in a~it•an~e nf the Pxpiration ot each policy. to deliver to sriid btort~;agee a rene«~al thereof. to~ether ~+ith a receipi tor thP prPmium ~f at1~h r~ne~ral: and there shall be no such insur- ance placed on an~ of ~aid buildinKs. any interest iherein or p~rt thercof, unless in the torm and with the loss payable as aforesaid; and in the e~•Pnt any sum of money becomes payable under such policy or E+olicies said Morts;aKee ~hall ha~•e the opti~~n to recei~e and apply the same on account ot the indebtednesa secure~l hezeby or to (wrmit sa:d ~tort~agor to re~eivP nnd ~i~e it or any part thercof for other pur~wses without thereby waivi~ or impairing an~ equity, l:en or ri~ht under or by ~~rtue of this mortgage; and in the e~ent said Mortgagor sha!: tor anv relson fail to ke~p the sa9d premis~s s~ ~n~ur~d, or tail to de;iver prompUy any ot said policies of insurance to saui ~inrt~aRce. ~r fail pmmptlv to p~y [~illy :u?y premium therefor, or in any respect tail ta per- form. disehar~e, execu;e, eftect, complete, comply ~~-ith and abi~ie by this covenant, or sny part hereof, said 1?to~ tg- aReP may place and pa~ for stuh in~urance or any part therenf without waiving or a[fecting an~ option, iPn, ~ -equity or ri~ht u~der or by ~•irtue ot this mortRsRe, a~d thr fu0 amonnt of each and every auch payment shaU be fmm~iiaLely due and pacab?e nad shatl bear intorPCt from the dnte themof until paid at the rate of ten per centum per annum and together K ith such tnterest shall be secured by the lien of this mortgage. 4. To permlt, commit or s~~tfer no v~aste, impairm~nt or deterlor~tion oi seid ptoperty or any patt U?ereof. 6. To pay all and singular the costs, charges and espenses, including reasonable lawyer's tees and cost of abstracts of title, fncurred or paid at any time by sald 11Tortgagee because and/or in the event of the fallure on the part ot the said 1liortgaRo~ to d~ily, promptly and hilly pertorm, discharge, execute, ettect. complete. comply v~~th and abide by each and evPry the stlpulation~, agteements. condiUons and covenanta ef said proml~- aory note, and this mortRage, any or either, and sald costs, chacge~ and ex~?enses. each and every. ~hall be Im- mediateiy due and payable, v~hether or not there be notice, demand, attempt to collect or ~ult pending: and the ftill amount of each and every such payment shall bear intereat frc?m the date thereof untll pald at the rate o1 ten per centum per annum: and all aatd ca~te, charge~ end expeneee eo lncurred or pald. together w~-ith auch in- terea~ shall ba eecured by t2~e lten oi tbta morigage. aoo~229 P~~E 359 _ - ~.~r.~ - - .:r~.~ ~-x~r ~.w.~ , ~ ~ ~F.. r - - - s :fi-: _ ~z_ _ .