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Home My WebLink About0078 s 13. 500 • OO 8TUART, Feo.~a,. ~arch 9 „77 ~ FOR VAIUE RECEIVEO. tM wd~?sNn~d, iointh ~nd ~~My. ~ROMISE TO ~AV to tM ada et THIRTEBN THOUSl1ND l~ VE DRSD AND ----------------------------uo~u?as. 300 1~]DOt~t Stta~ti B~IDpit~ ~ Nri1 Or a wKh otha pNa q tM Ao1dM r~~o/ m~y d~ ~n writi~M. toMtlw witi~ iMK~sl /eom dat~ N tM pt~ oi ~iii~PK ~T PK amwm on iM w~p~id bNano~ w+til ~napKity. T~.,.~a v.~;~.~ «+a ~«.w ~w e. a».~a ar•w• as lolloaa: Pr~paid intsre~t o~ly on the unpaid prinaipal balanae shall be du~ on Jun 77. !or the 6 aanths thereatt~r principal pay~asnt o! 84,500.00 1 ntere~t !or lZ months on th~ ramaininq prinaipsl •hsll be 1S, 1977t prinoipal paymant o! S4,S00.00 plus prspaid intere ! aths on the rmaain~n9 principal ~ ehall be due on December 15, 1 aal paym~nt o! $4,500.00 principal ahal be due Dsc. 15. 30 19~9. ~ If d~faWl W~~ lor 4~1IS In tA~ OaY~nl of anY it~stallrtfM~t_ of PrInCIDaI or Int~rKt or anY P~A th~nof~ the wl~ol~ sum t~M r~malniny ~ unpald witA int~~K! Shall ~t ho10~t's oDtlon bKOnN dW ~ntf PaYaW~ witlwut notlt~. Fallur~ to ~xptlf~ ~uth Opt{On sha~l f~Ot COntlllMM~ wilv~~ O1 th~ r~qht to ~xNt~s~ th~ sii+N In lM ~v~nt of suOfWu~nl M/~Wl. Aftlr matW Ooth D~I~tiOal snd stuwd Int~r~tt fhs~~ Wu ~ntN~st at~~~Op ~tum pN a~~um untN p~ld. Th~ mik~rf an0 Mdo~t~r1 of lhlf not~ fuAh~I w p of no~ yrM~l and WOt~st. If t~K ~ot~ is not paltl st matwity ana tn~ sam~ ~s Wac~e wlth an attwn~Y for co?NCtbn. tM msk~i~ ~rW NM t Y sll CO Of COINCtlot~. ie~Clu0lny ill Court tosts ind .~~so~.da n~o.~.y / Pzspaym~nt o! principal and/or ~ 1 (SEAI) inter~ot, in part or in tull, ~gTpp g. STR~HSASL may bs made at any tims without (SEAL) ' penalty. ~ . (SEAII ~ ~ ; ~ and shall dulv, prompth• and tuliv perfortn. discharge, executc. clfcct, completc, comply wich aud abide b~• each and e~•ery ~ the stipulatiom, agreements, conditions and co~•enanu o( said t~romiswr}• notc and o( this mnrtqa~e, then this mortga;e and ~ the tctate hueby treateYl shaU cea•.t and be null and ~oid. ~ ~ lt is understood that each of the words, "note," "mortp,agor" aud "mortgaRee" respecti~•el) and the pronouns re(crring ; thereto, Mhether in che sinqular or plural an~~chere in this mortgaqe, shaU bc sinqular if onr onl~• and shall bc plural joindy and se~•erally, it more than one, and shall bc masculine. leminine and ~or neuter, where.~er thc contrxt so impliec or admits. ~ And said ~Iortgaqor In~ himscl( and his heirs. IeRal reprrcentati~•cs, succcsson and acsiRns, herrb~ cm•enants and aqrees _ ~ to and r?ith said Vortgagee. his legal represcntati~•es. successors and asciRnc: ~ l. To pa~ all and sin~uiar tl?r pri~uipal and interest aud die .arious and sundr}• suiz» o( monc} pa}~able b~~ ~•irtue ot ~ said promisse~ry note, aud this mortgage, each and e~•er}~, promptly ou the da}~s respecti~•elr~ the ~ame severatl~ Ixcome dur. ~ 2. To pav all an~1 sinRular the taxes, assessments, le~~ies, liabilitirs, obligations a~~d incumbrantes of e~~er~• na~ure and ~ kind oor. on said de,crihecf pro~?erty, audjor that herea(ter ma~• be imFwsed. wt(ered, placed, lt~ied or asse~sed thereu~n. andlor that herea(ter ma}' be Ie~•ied or asscstied upon this mortRage aud;or the iudebtrcinc~s secured hereby. each and c~•erv. ~ ~ Nhen due and pa~•able accordiu~ to lah, betore the~• become delinyuent, aud Ix•(ore am• iutrrest attachec ~,r am- ~~eualt~• is ; ~ incurred: and in u~ tar as an~ thereof is of record the same shall be pmmpdf• satis(ied and dixhar};~YI ot reuud aud the or- ~ I iqinal ofticial drxument (•.uch as. G?r instance. the tax receipt or the sati•fac~iou paper of(iciall~~ eu~lorted ~r crrtitied) sl~all ; ~ be placed in ehe hands o( said \fortRaRce within ten da~•s ~~exi after pa~~ment: and iu thc e~•ent th•rt au~ thcrcof is not so ~ paid, sacis(ied and dixharqcd, said ~lortqaqee ma}~ at an~ timc pa~• the ,amc or any par~ therc~~( Mithout wai~iu~ or affect- ~ inR an}~ optiou, licn, cquitr• or riAht under or b~ cirwc o(~thi+ mortpaRc. and thc (ull amow~t uf cach aud e~c~~- +udi pa.- ment shall be immediatdv due and ~,a~able and +Lall 1?ear intcrctit (rom thc d:ue tl~rreof uutil ~,:,id :~t ~he ratc tcn ~~rr centum per annum and toRethrr witl~ such iuterest shzll be securrd tn• the lien o( this m~rtRaRc. 3. To place and continuoutih• ketp m~ the buildinRs now or hereattcr situate on said 1•rnd (ire aud M~iracl•torm inwr- ~ ance in the usual standard policv form, in a sum noe less than the hirhe+t insurable calur, in suci~ tom~,auy or c~~aipanie, as i may be appro~•ed by said ~IortqaRee: and all such inwnnce policies on an~ of s~id buildiuRs, an~• iuterest thereiu .~r part thereo(, in thc aqgreRate sum ato-esaid or in extess thereof. shaU tnntaiu the usua! staudard mortxaqce dausc makin~ the locs under said policies. each and errr}. pa}able to said JlortgaRee as his iutrrect may appear, and each and e~•en~ such policy ~ sh~ll be promptly deliverecl to and hcld bv said \Ior~Ragce: and, not less than ten da}-s in ad~•ance oi thr expiration of each ~ ~licy. to deli~er to said Al~xtqaqce a renewal therrnf, toRether Mith a receiPt (or the prcmium o( sud~ renewal: aud the:e siiall be no such insurance placed on any of said buildinRs, any in~rrese ~herein or part thereot. unle~s in the form and ~.ith the loss payable as aforesaid: and in the e~•eat an}~ sum of money becomes pa~-able urzder wch ~lic}~ ~,r (~liciec wid \loriy;aqee shall haa•e the option to rrceice and applv the same on accounc of the iudebtedness securecl hereM• or to permit said ~(onRa- ~ Ror to recei~e and use it or an}~ part therro( (or o~her putposes without thereby wai~~in~ or impairinR am• equit}•, lien nr ~ right under or by ~•irtue ot this mortRage: and in the t~~ent saiJ ~iortqagor ~h.ill Inr any reau~n fail to kceP the wid prcmi~es ~ ~ so insured, or fail to deliver pmmptly an}~ of said policies o( iusurance to said ~tortRaRce. or fail prorn~ftl}• to pa}• (ull~~ an~ ~ premium there(or, or in an~ respect fail to per[orm, discharqe. execute. ettec~. com~~lete. c~~mph hith and abide• M• thic tm•- ~ ~ enant, or any part hereo(, said ~ior~Ragee may place and pay for such insurance or any part thereof wi~h~~ut Nai~ing or ~ aftecting any option, lien, equit}• or riqht under or by ~irtue of this mortqaRe, atid the [ull amount of each and every such payment shall be immediately due and payable and shall bear interest tmm the date chereo[ until paid at the rate o[ ten ; ~ per centum per annum and together with wch interest shall be secured b}• the lien of this murtqage. ~ ~ 4. To permit, tommit or su[fer no wute. impairment or deterioration of said propert?• or any part thereof. ~ ~ ~ 5_ To pay all and singular the costs, charges and txpenses, induding reasonable lawytr s fees and cost o[ abstractc oi f ~ tide. incurred or paid at any timt by said ~tortgagte betause andfor in the e~•ent of the failure on the part o( the said ~ ~(ortqagor to duly, promptly and [ully per[orm, discharge, e~cecute, et(ect, complete. comply with ancf abide by each and ' c~•ery the stipulacions, aqreements, conditions and covenants of said promissory note, and this mortqage, any or citl~er. aud ' said costs, charges and acpenses, each and e~-ery, shall be immediately due and pa}able. Mhether or not there be notice, de- _ mand, attempt to collect or suit pendinR: and the (ull amount of each and er•ery such payment shall bear interest from the date thereof until paid at the nte of ten per centum per annum; and all said easts, charga and expensa w incurred or paid. toqether with such interest, shall be secured by the lien of this mortgage. ~ . € ~ ~65 P~~.E 77 : .