HomeMy WebLinkAbout0621 ~fi L~S?S?~?''iL~i~.S.~.4~.SS'.LSL~.S?44`L~.~.4•.•.4•.•.~.~i~i4•.~.L•.?••.'.'.4~.•.'.L~r'r?.L4•.4•r4•.4L•::.•.~.•r4L~.'.L•~<•
~00.00 ~ Aprll _ ~q?5 ~
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:3 FOR VAIUE n a~ v r 1 V ~ of -
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('111~11~ ~ 11V~~ ALIY ~~W ~~~~~~~~~~~~~w~~~~~~~~~~~~~~~~~~~~~~~~.~~r~~~~~~~~~~~
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SEU81't~_~F~IOr~~B.---- . - - - or wch Mh~r plac~ as tl» hold~r 2
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henof may d~sl t~ in wrilin~ to~~ther wit in»nst from t
st th~ rab o! pe~ c~Mum per sonu on the unpaid balanc~ until maturity. Th~ said principal and intK~:t shall i
be du~ and p~yable ss follows:
1.00 r mont includi tereat the iirst such ent beia due ~
$ 00 pe h, ~ , Pa3~ 4 k
~ ona month from the date he~eaf and thereaiter on the same day each and ;
every month until the entire princ 1 and accrued intereet shall have been ~
~ paid in tull. The maker9 hereoi serve the right oi prepayment at any time
aithout peaalty
,
N Afwh b~ wu~ fN . go d,rs M tiw paywwwt ef +ny iwstailnrnf ef p ' 1 w i~Mns1 er awr par~ 1b~nef, tM wlwb w~ tM~ n~w~iniw~
unpai~ wiN~ iwur~~t +haN N M~r's eptiee b~cow» dw aed p+yabb w'~thew wofic~. Fa~ N~x~rci+~ svch pliea sAaN wef cowstil~rh idaiwr of fIN
.iyM h~xKSis~ 11» saw~ i~ Nw ~v~w~ of s~bs~qw~t d~fauh. Af»r ~alwily ~s1b p' ~p+l ~wd sarwd iwNns~ shaq b~~? inhr~sl N.. p~r c~wtrw~
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p~~ awww~ ~wfy pi~1, TIN wak~rs +nd ~wden~n ef ~Iws wN~ WNM~ w~ir~ da~wand, wefiu ~f new~p~raNwt awd prw~st. H Nus w~t~ a we1 p+id a1 ;
~wa~vrilp aw~ 11» aa~ is p4c~d wMh aw aneew~y iw celMd~ow, ~M wiak~n awd ~wdo~n Mnef yn~ ~e p+r sq cous ef cetl~c~iow, iwchrdiw~ all ce~ ~ s
cosN a11~ naaMa~ afMnMr fNS. / ~
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, (SEAL)
IVIelviii-~,'r'aylor - - - - ,
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Attesf: - - -
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Lelia L. T ylor -
. - (sEAI) r
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i~T'ifs~S~~~~J~l~lS~1S?~?~~~I~~1~4~?~~f1~1~~~~f1~r4~i~I~?
i~i~i~~if?~+~~?~1~ ~~~~~~~t~~i~~fi~~~l~~r~~ltf~~?~i~i~i~~rfi~i~i~~~I~ifr~i~1-~1fl~i~fl~l~i~ifi-~i~'Q~~J~~
and shall duly, promptly and fully pertorm, discharge, execute, effect, complet~, compty w~th and abide by each ~
and e~•erp the stipulations, agreements, cond~tiuns and covenants of said prom~seory note and of this mortgage.
then this mortgage and the estate hereby created shall cease and be null ano vo1d.
It is understood that each of the worcls. "note," "mortgagor" and "mortgagee' respectlvely and the pron- `
ouns referting thereto, whether in the singular or plural anywhere in this mortgage, shall be aingular if one only
. and sha11 be pluml jointly and severally, if more than one, and shall be masculine, feminine and/or neuter, wher- ~
a
ever the context so implies or admits.
And said Mortgagor for himself and his heirs, legal representatives, auccessors and assigns, hereby coven-
ants ana agrees to and with aaid biortgagee, his legal representatives, successors and assigns:
1. To pay all and singular the principal and internat and the various and aundry sums of money peyable by ;
virtue of said promissory note. and thi~ mortgage. each and every, prompUy on the days mspectively the same 3
'i aeverally become due. '
2. To pay a11 and singular the taxes, asses.5ments, levies, liabilities, obligations and incumbrances of every ~
nature and kind now on said described property, and/or that hereatier may be imposed, auffered, placed, levied F
` or assessed 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 accorciing to law, before they become delinquent~
and before any interest attaches or any penalty i.9 incuned; and in so far as any thereot is of cecord the same
; shall be promptly satisfied and discharged ot record and the oriRinal official document (such as, for instance.
i ihe tax receipt or ihe satisfaction paper officially en~iorsed or certified l shall be placed in the hands of said
€ Mortgagee within ten days next afier payment; and in the event that any thereof is not so paid, satisfied and
discharged, said Atortgagee may at any time pay the same or any part thereo[ v~~thout wai~~ng or affecting
~ any option, lien, equi[y or right under or by ~-irtue of this mortgage, and the full amount of each and every
~ such payment shall be immediately due and payabie and shall bear interest from the date thereof until paid
~ at the rate ot ten per centurn per annum and togeiher wilh such interest shall be secured by the lien of this
~ mortgage.
~ 3. To place and continuously keep on the bu,lclin~s now or hereafter aituate on said land fire and windstorm
~ insurance in the usual standard rolicy form, in a sum n~t less than i~.~-~~.~~•~00•---• 1n such com-
pany or comp^nics as may be approved by s.airl DIor2~;a~~~e; and all s~ch insurance policies on any of said build-
ings, any interest therein or part thereof, in the a~Gr.gate sum aforesaid or in excess thereof, shall contain the
usual standard mort~agee clau.se makinR the l~:~s ur.~i~~r said policies, each artd every, payable to said 111ortga-
~ gee as his interest may appear, and elch a^d e~•e:y su~•h policy ahall be promptly delivered to and held by said
biortgagee; and, not less than ten days in ad~•an~e of the expiration of each policy, to deliver to sxid l~tertgagee
~ a rene~val thereof, to~ether with a receipt tnr thP prPmium nf at~~h r~newal: and there shall be no such insur- •
~ ance placed on anp of sald buildinRs, any interest therein or part thereot, unless in the form and with the los~ _
~ payable as aforesaid: and in the e~•Pnt any sum of money becomes payable under such pollcy or policies said ~
~ Mort~;a~ee shall ha~•e the option to recei~•e and apply the same on account of the indebtedness"secured hereby or =
~ to [~rrmit said Mort~a~or to recelve and uce et or any part thereof for other purfwses without thernby waiving
or impairing any equitv. lten or ri~ht under or by ~•irtue of tLis mortgage; and in the event saId Mortgagor ahall
for any reason fail to keep the said premis~s so insur~d, or fail to delfver prompUy any of said policies of
insurance to said 1ltort~aqee, ar faii promptly to p~y i~illy any premium therefor, or in any respect fail to per-
" form, diacharRe, execute, ~tfect, complete, comply «~th and abide bv this covenant, or any part hereoi, said Mortg-
~`F aReP may place and pay for siuh inaurance or xny part thereot without waiving or affecting any option, lien,
r; equity or right under or by.~•iriue of this mort~age, and the full arpount of each and every such payment shaII
be immediately due and pa}•able nnd shall bear intPrest fmm the date thereot until paid at the rate of ten per
- centum per annum and together ~~th such lnterest shall be aecured by the lien oi Lhie mortgage. _ 9
• 4. To permlt, commit or sufter no waste, impairment or deterioration of said property or any part thereof. ~
t
s 6. To pay nll and singular the costs, charges and expenses, including reasonab3e lawyer'e fees and cavt of
~ abstracta oi title, fncurred or paid at any tlme by said MortgeRee because and/or in the event ot the fallure F
~ on the part ot the said Mortga~or to duly, promptly and tully perform, discharge, eaecute, eifect, complete.
com 1 w~ith and abide b each and ever the stl ulationa, a eements, condiUons and covenanL~ of said promia-
,y, P Y Y Y P gr
~ Bory note, and thi~ mortgage, t?ny or either, and sald cost~, charges and e~cpenses, each and every, shall be Im-
mediately due and payable, whether or not there be notice, demand, attempt to collect or ~uit pending; and the
~ full amount ot each and every such pAVment shall bear interest trom the date thereoi untll pald at the rate of
ten per centum per annum; and all safd co~td, charges and expenaee eo incurred or paid, together with auch in-
~ tereat, shall be eecured by the Uen oi Wa mortgage.
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BOOK ~;JO PAGf S~ ~
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