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FOR VAIUE REGEIVED, th~ undersiqned,. ioimly and severali , PROMISE TO PAY to ths orde? of _ .
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; ~~ute ~ utdoor~esorts ~f =~:r~erica at idLttl~s i:.~i~~:iu ~
at - - _ _ _ - - -------------1 - or such other piase as the holder
~ henof nur d~sip~at~ in writiny topethe~ with interest from --_-----,~-~.ti! a--i--I_97
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~ at the nh of per ctntuen per a~num on the unpaid bslance unfil maturit~?. The said pri~upal and interest shall
~~be due sed payable as follows:
; w 1C1.~~~ a manth, the fir:.t ~:~:.yrnant b~in~ ~i..:. ~nL :.~~nth froi.i d~:tc her~~f :~.~d
;;s to continue each .~!~nth th~rc<~ter un~il ~;.ll;~ ~~i~:. Fhis s~a:r. of .:1G1.: :~ai~~ ~
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: ~•ach rnonth, 5hai1 iirst ~~c: cr._~~ited to Lc1t~~~~:_ t~~.nc t:1e r~:_~:aiRd ;r t:; ~ilc
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; orincipal of this c~Iig~~ti~r~. ~his note _-~repaid ~t any tirr,e th~ ~_~~n~_r
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d: .:irt~; it_~cut ~~nal~y.
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Ii d~farN b~ ~wad~ foe Lr daps iw tM psy~wnt of ~ar inshllwnt ef priwcip~l or iaMr~st w•er p,e~ eMnef, tM wtab sum tl~~w n~nsinie9 ~
unpaid ~ri11~ iwhnst sMll M IwW~r's eptiow b~ceww dw ~nd parabb Wi1IWW AOht~. Fa1IYf~ M~x~rcis~ wch optiew shaU nol cowstifuN wsiver of 1M ? j
riyhf b~:~nis~ 1M sw iw fM ~w~t ef svb~qwnt d~fauh. Aft~r n~atwit~I bofh priwcipal and accrwd iaMnst shall bear inhr~sf s1 p~~ c~nwm
p~r aw~~w Ywti) paid. i1N ~w+k~rs awd ~eders~n ef Mis noN f~rtM? waiv~ dawand, eotic~ of now~p~ynNnf aed prot~sf. If t6is nob is nof paid +t
matv~iry sw~ IM tarw it plac~d rrith as morwsr fer colbNiow, th~ iwak~n aed Mdsn~rs h~nof ayn~ M par all costs of celMctiow, iecludin~ at) co~rf ~
cosh ~nd naaewaW~ Mhew~y h~s.
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; Attest: ' ---_(SEAI)
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and shall duly, promptly and fully perform, di~charge, executr, eftect, complet~, ~omply w~th anQ abide by each
and e~~erv the stipulatiors~, agrcemenls, cond~t~ons and covenants of said ~+romissory note and ot this mortgage,
then th~~ mortgage and the eata[e hereby created shall cease and be nWl ana void.
It ~s under~tood that each of the ~•orda. "note," "mortgagoY' and "mortgagee" respecUvely and the pmn-
ouna reftrring thereto, whether in the aingular or plural anywhere in tht~ mortgage, ahall be eingular it one only
• snd ~hall be plural jointly snd severally, i! mure thsn one, and shall be mascutine, feminine and/or neuter, wher- •
e~er the context ao implies or admit~. '
And said Mortgagor tor himself and hi~ heiro, legsl repnsentativea, auccea9ors a:?d aastgns. hereby ooven-
ant~ ana agree~ to and with said MorLgagee. his tegal repreaentatives, successo~ and as+lgns:
1. To pay W and singular the principal and fntercst and the various and sundry sums o[ money psyaDle by ~
virtue of aaid promissory note, and this mortgage, each and every, promptly on the days reapectively the sam~
~everally become due. ~
~ 2. To pay all and aingular the txxea. ~aessments, leviea, liabilitie~, obliRations and Incumbcances of ever~
~ nature and kind now on said descnbed property, e~!or that~hereatter may be imposed, suftered, placed, levied
j ot assesaed thereupon, and/or that hereafter may be le~
~d or as.sPSSed upon this morigsge and/or the indebted-
ness ~ecured hereby, each and every, when due and payal~le accoMing to law, betore they become delinquent,
~ and betore any interest attaches or any penxlty ~s ~ncurred; and in so fAr a~ any thereof is ot record the aams
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shall be prumptly satisfied and d~scharged o[ record and the o~Rinal ofhclal document I~uch as, tor instance,
k ihe tax receipt or the satiafaction paper of[icially en~ior9ed or certified? ~hall be placed in the hands ot sa3d
~ Mortgagee within ten daya next after payment; and in the event that any thereot is not ao paid, aatiatied and
~ discharged, said 1liortgagee may at any time pay the same or sny part therent w-ithout waiving or atfecting :
~ any option, lien, equity or ngh! under or by ~•~rtuP o[ th~s mortgaqe, and the full nmount ot each and every y
auch payment shall be immediately due and payabte ~nd shall bear interesi from the date thereof until paid
~ at the rate of ten per centurn per ann~m and together w~th such interest shall be aecured by the lien of thi~
mortgage.
~ 3. To place and continuously keep on the bu~ldin~~ now or heres[ter altuate on said land flre and windstorm
~ inaurance m the usual standard policy form, in a sum not less than s 5 0~' • 1n ~uch com-
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` pany or comp-nies as may be approved by sai~l Mortfin~~~e; an~i all such insurance policiea on any ot said build-
inga, any interc~t therein or part thereof, in the aR~reRate aum a[oresaid or in excess thereof, shall contain the
u"sual standard mnrt~agee clause mak~n~ the 1~~" ur.~i~r sa~d policie~, ea~h and every, payable to ssid Mortger
~ gee as his inierest may appear, and ench ar.d earry su~•h pnlicy shall be promptly delivered to snd held by said
biortgagee: and, not less than ten days in adt•an~e of the Pxpiration of each polfcy, to dellver to said Mortgagee '
~ a rene~va! thereof, to~ether w•ith a receipt f~r thP prPm~um nf an~h r~newnl; and there ~hall be no auch insur- °
" ance placed on any ol Baid bwldinRa, any interest therein or part thereof, unleat in the totm and with the losi - i
~ payable as atoresa~d; xnd in the e~ent xny sum of money becomes payable under such pollcy or policiea aaid
~ MorcRaRee shall have the option to recelve and apply the game on account of the Indebtedneas secured hereby or
to permit said btortRaRor to re~eive and uQe it or any pnrt thereot tor other purposea without thereby wsiving ~
or impairing any equity, lien or riRht under or by virtue of this mortgage; ar~d in the event sa[d Mortgagor ~hall
` for any renson teil to keep the said premiePS so insurrA, or fail to delfver promplly any of said policie~ ot
~ lnsurance to sald MorlgaRee. or tafl prompUy to pay t~illy any premium therefor, or in any respect fail to per-
form, discharge, execute, e[fect, complete, comply with and abide bv this covenant, or any part hereot, said Mortg-
agee may place and pay [or such inaurance or any part thereot wiih~ut waiving or attectlng any option, lien.
s equity or right under or by virtue of thia mortgage, anJ the fufl amount of each and every such payment ahaU ,
! be lmmediately due and payable and shaU bear intorest trom the date thereof unt11 paid at the nte of ten per ~
; centum per annum Rnd together with auch lnterest sha11 be eecured Dy the lien of thi~ mortgage. ~
a 4_ To petmit, commit or auf[er no waste, impairment or detetloradon of sald pmperty or any part thereo!• ~
a 6. To pay all and aingular the ca~ts, charges and expenses, including reasonable lawyer's lees and co~t o[ #
& sbstracts ot tiqe, fncurred or pald at any tlme by sald Mortgagee because and/or fn the event of Lhe fallurs
~ on the part ot the sald Mortgagor to duly, promptly and hilly perform, dlicharBe. e~[ecute, eKec~ completq
~ comply wlth and ablde by each and ev~ry the atlpulaUons, agreements, conditfons and aovenanL o! eaid prom1s-
rory note, and this mortgage. any or elther, and sald costs. charges and eapet~ses. each and everq, shW be Im-
~ mediately due and payable, whether or not there be notice. demand, attempt to collect or iult pending' and ths
~ l1il1 amount of each and every ~uch payment ahsll bear tnterest trom ths dats tbereot untfl pald ~t the rate ot
~ tea per cent~un per annum: ~d all ~ald cost~. chargei and ~Peasa~ ~o facurnd or pald. to`ether ~?IW sucb !n-
~ terest, slull Ds ~ecured by the lfan o! thfa mortgage.
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