HomeMy WebLinkAbout0840 1
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~0 th~ sam~. tog~th~r u~it~ ..t1~~ tertan~Ma. h~~laMtn4 and appwt~-
nances th~nto 6e~onpir~g. ond f1~ re~b. iaswa and pro~lh tkr?~wj. ~~t~ Mortp~M, in (w almp~.
~ e1~. ~w.r~~ ~w,~.a ~,ul~ ei~. ~oo« el~e el~. ~e~.~. L ~d./.a.l6lr ,.~.d o/ ,o+d
~and !n ~N s[mp~i: t1~t t1~s wwrt~opo? Iwt pood ~iq1~t snd Iaw~ul aWl?a~it~r to oa~wp aald lond a~ afoeM-
:ard: d?ot eb. ,nore~apor u,tU ma~. .ucl~ /wth.. o,.wn,u,w co p..
j~ce eA. sl,npb eteb to .otd le,~d tn tl~
mo.tarap.. +~wy ~.a.onably 6. .+qurn.d: e/we tl~. mortpapor lan6r /utly W,a,.+ana ek. eitb eo ,.td tand
and µstU ~Jmd t!u sa~ aoat~at t1u law/u! clainu o? aU p~~so~u wlwmso~wr: and tl~se aotd land ta /rw
ar~d ~ ct«~ o( aU ~ncun~6~anc.,
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~1~ tl~ne tj :aid n?w~e9aqor ,laoU pay w~eo satd moregap« el~e c~rfain pro~nL-
:ory ~oee 6~.~je~ :u6.e~etailr oopt~d or td~et(ted, eo-~,tt:
MOlTGA(3E NOTE
S 8 , 612 .19 , Florida
• -April 15, , ~s 75 -
FOR VALUE RECF.IVF.D. the under5igned. (jointly and severally, if more than one) promises to ~>ay to
John A. AX@11 aACl Katherine M. AXE11 . or order, in the manner hereina(ter speci(ied,
the principal 5~ or Eight thousand six hundred twelve and 19/100 ~ioo noL~tts
(S 8~ 612 . ~9 ) with interest trom date at the rate of 1~(0 ~x~r cent_ per annum on the balance trom
time to time mmaining unj~aid. Thc said prira•ipal and interest shall F?e payat?le in lawful money ot the United States
of America at $@pa, Oregon
or at such plam as may hematter be dc~ignated by w•ritten notr from the hnlder to the maker hereof, on the date and in
the manner follow•ing: jnt@r@St commencing April 1, 1975. Monthly install-
ments of $175.00 commencing May 1, 1975, including interest at 1096
' until paid.
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! This note w•ith interest is secured by a First mortgage nn mal estate, ot even date here-
e with, made by the maker hereof in [avor ot the said payee, and shall be construed and en[on~c~d according to the laws of
j the State o[ Florida. The ternLS of said mortgage are by this mferrnm ~nade a part hereoL
~ If default be made in the payment of any o[ the sums or interest mentioned herein or in said mortgage, or in the
performance of any of the agreements contained herein or in said mortgage, then the entirn princi~?al sum and accrued
inter~ct shall at the option o[ the holder hereof 6ecome at onrn due and collectible without notice, time being of the es-
sence; and said principal sum and acrrued interest shall both bear interest from such time until paid at the highest rate
~ allow•able under the laws of the State of Florida. Failure to e:errise thi~ option shalt not ~roa4titute a waiver of the right
g to e:ercise the same in thc event of any su6sequent default_
~ Each person liable hereon whether maker or endorser, hereby w•aives presentment, protest, notice, noticr of protest
$ and notice of dishonor and agrees to pay all costs, including a reasonable attorney's fee, (including appellate proceed-
ings) whether suit be brought or not, if, after maturity o[ this note or de(ault hereunder, or under said mortgage, counse!
~ shall be employed to colleM th~c note or to protect the security ot ' mortgage.
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R'henever u.ced herein the terms "holder," "maker" and payee" shaU be construed in the singular or plural as the
~ the context may require or admik '
~ Maker's Addmss L.
~ - . .._........---j...`~~._...--•---•---..._._ EAL)
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= 180 Church St. S.E.
~ Salem, Ore. 97301 ~ -~~~~~d11~~-(sEAL>
~ Mail:_ __P. __O. Box 3484; Salem, OR 97302 ~
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