HomeMy WebLinkAbout0841 an~ shall perlorm, comp:, .uith and n6ide by eacJ~ and ei~ery f~?e a~.. .;menfs, slipu~afioni, condltiont and
rn~~enonfs tl~ereoJ, and oJ fhis mortgu~e, then this mortgnge and the estate hereby c?euted, sF~all ceass, d~-
te?mine ancl ~e null an~I uotcl. -
tF~P morlgagor haruby f urlher rnnenants and agreea to pay promptly when due 1he p?incipol and
inferesl an~ olher su?na of money provided ~or in said note a~d t1~ia mortgnge, or eiftier: to pay o~~ and
singu~ar fhe faxps, assessmenfs, ~evies, ~iabi~ifies. ob~igaltons, and encumbrances o~ every nature on satd pro-
perty: to perrnit, commit or su~~er no wasle, impairmenf or deterioratton o~ saic~ ~and o~ the improveme~b
Iherecn al any time: !o kpep the 6utlrlings ~ow o~ here~JfP~ on saic~ ~an~ (u~~y insurec~ tn a surn o~ not ~esa
than
in o company or companies aecepla6~e to the mortgagee. If~e policy or policies to 6e held by, and payable
to, saIc~ mortgngee, ant~ fn fhe evenf any sum o~ money becomes ~xiyabt~ 6y virtue o~ auch insurance fhe
morfgagee shall haue the right to receive and npply Ihe aame to !he indebtedneu here6y secured, aceounfing
fo f{~e mortga~or ~or nny s[up~~u: !p pay a~~ eosts, charges, and expenses, inc~udtng ~awyer s Jees and tit~e
searches, reasona6ly incurre~l o~ paicl 6y the mortgugee becuuse o~ the jatlure o/ tl~e nwrtgagor to prornptly
aad /ully comply will~ the agreemenls, stipu~ntions, conc~iltons wtd eovennnts oJ aaid note and ihis mortgaBe.
or either; to perform, comply wtth and nbide 6y each and every the agreemenfs, stipulnttons, condilions and
rnvenanls set ~orll~ In snid note and lhis mortgnge o~ either. /n the event the mortgagor ~nils to pay wken
due any tax, asseasment, insw~ance p?emtum or other sum oj money payable by virfue of said note and this
morlguge, or eilher, f~e morfgagee muy pny f~e same, wi!{~out watuing or aJfecfing t{~e option to ~orec~ose
or any otl~er right herpuuder, and all such payrnents shall 6ear interpst jrom date fhereoJ ot the higheat law-
~ul rate tl~en allowed by 11~e laws of the State oj Florida.
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~L any sum oJ money herein re~ened to be no! promptjy paid within days next aJter
t6e same 6ecomes due, or iJ each and every Ihe agreements, stipulntions. conditions nnd covennnts o( said
note nnd fl~is mortgage, or eitf~er, are not Jully per(ormed, eomplied mith and a6~ded by, tl~en !?~e enltre
sum mentioned in said note, a.?d eh~ mortgnge, or t6e entire balance unpaid ther+eon, sbnll fort6witk o?
16ereaJter, at the option o/ the mor~gagee, 6eeome and 6e c~ue nnd payn6le, anytl~ing in said note or I~erein
to fhe contrary notu~if~slanding. Failure by tF~e mortgagee to Fxercise ~any o~ !he rig~fs_or opHons herein
provic~ed s~n~~ not consfifute n wai~er o~ any rig{~ts or options u~der sai~ note or ttiis mortgage acc*uec~ or
f~erea~ter accruing.
~n ~iN~~ ~~Ol~ f~e saic~ mortgagor {~as ~ereunlo signe~ ancr sea~ed these presents f~e
cray un~ year jirst a6one u~ritten.
Signed, sealed and delinered in ll~e presence o~:
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~ STATE OF OREGON ~
~ cou:v~-v oF Marion
~ I HEREBY CERTIFY that on this day~ be[ore tnq an
of(icer duiy authorized in the Stat~ a[oresaid and in the County a[oresaid to tak~ acknowledgmenb~ penonally appeared
Frances J. Matson and David D. Matson ~
to me known to br the penon S described in and who eaecuted the (or~goinq inatrument and have acJ~tw~rkdged ,
betore me that tfl6y exccuted the ume. ~
WI7:'VESS my hand and official xal in thc Countr and Sutc 1 t a(or~said this ZSt • u~aj~~'vf :T"t,
. .
~ .A.pri~l A. D. 1975. .~a .7
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- .J- ~ " , Mary H ~ eston ' ~ i.
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~ I ' i ~ F ~ r
~ - Notary blic for S~a~@' p~, p~~
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~ _ My comm ssion expires,;
~SJ7~'~~1+ "
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~ "r;;'~••• 'a^`.' - -
~ OF ~
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^ f ~EO AM~ N~EC~RDED ~
~ WCIE CdUM?Y FtA- ~
~ ~ - ,-q pG;TRAS !
ao~_.~ ,
~ ~~ERK Ci~~~~T COUAt
~ afr,0A0 VE~IP!E~~--~~
~ ri,u r?~f,n,,,,~~~~ p~-~~~~ by: ~ 12 36 PN'76
~ F~e ~
~ ~~l~~ ~.~R 248 P~E 839 ~
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