HomeMy WebLinkAbout0768 To Have and to Hold the sawne, together with tl~e tenemeuts, hereditc~-
ments and app~crtenances, unto the said .hfort~a~ee in fee-sinzplES.
Ari(~ said .hfort,~ccgor does covenucnt with sctid .hfort~ct~ee tlrat sai~ rlfortgagor .
is indefeasibly seized of said lacnd in fee sir~tple; tlu,ct the sc~id ,A1ort~'agor luc~s fiall
~ pou~er and laiaful ri~ht to convey said lan~d in fee simple aa aforesaia~; thact it shall Le
lawfut for scud .Mort~ez~ee dt aclt times peaceccbl~ a~:d quietly to enter upon, hold,
occupy and enjoy said land; th.cct sctid land ia free fro~n all incumbrances; tha,t said
.hfortgd,~'or will make such further assurances t,o per fect the fee simple title to said
lc~nd in sacid JKortgagee aa may reasoncrbly be re~uired; and tleat said .~Kortga~or
does hereby fully wrcrrant the title to said land and will defend tlce same ac~acinst the
lawful claim~s of all persons whorr~oever.
P1~OVl(~~ 1~W8y8~ th,act if said JKort~ccg'or sha~ll pa,y unto the sa,id JKortga~ee
the certain pmnaissory note, of which the followin~' in words arad ~i
gures is ac true copy,
According to the terms of a Note signed, delivered and
held in Philadelphia, Pennsylvania, by Continental Bank. dated
January 19, 1976 in the current amount of $30,000.00
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~ ctnd sluttl perform, comply with dnd abi,de br~ each acnd every th.e stiptclations, a~ree-
3 ments, conditions and covenants of said promissory note and of tl~is deed, th.en this
~ deed und Lhe estate liereLy created shactl cease and be null dnd void.
And the said Mortgagor hereby covenants and cigrees:
~ 1. To pay all aruZ singular the princi~xcl a.nd interest artd other sums of money
~ payable by virtue of said promi,ssory note aird tlai.4 cleed, or eit/rer, promntly on the
d,ctys respectively ~he 8acme severally come due.
To pa,y all and singrcla,r the ta~-,es, a~ssessnaent8, levies, liabilities, obli~ations
and eraeumbrar~ce8 of every ruature oa said described property each, a~u~ every, dnd if
th.e sam.e be not promntly paid the said JKort~agee may at any time pa:y the same
without wai.ving or ~f~'ecti~~ the option t'e foreclose or ctnb ri~ht herercnder, und ei~ery
~ pccyment so made Sliall Lecir interest from the date tlaereof at tfie rate of f our ( 49'.) per
~ cent. per annum. ~i~
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