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HomeMy WebLinkAbout0501 ~o ~inue and to ~iotd I~i~ sume. I~~rl~~er u~il~~ fhr Irnemp~~ls. hereditumrnls ani~ appiulr ~ nanr~~s I~~w~~fu ~?~~IOII(~/IIQ. tlflll IIIP renls. issura an~ pro~ifs fhvrpuJ. unfo 1~~e morfgadre. ~n lre tlmp~p. I ~I ~ _ / . nd ~~IP morll~agur ('ODY/tG/1~S W1~~I ~~IP murfpapee that ths morlgupo? is tndeJPa!l6~y SPjZP(l O~ aatd ~nn~~ in simp~~; I~~at l~~p morlgnnor {~aa poo~ ?id~t an~ ~au~~u~ aufhorily (o convey taid ~anc~ as a~oie- ~aic~: f~~af f~~e morl~ado~ u~i~~ ma~e sucti ~urlher assurancea fo pe?(PC! ttie Jee almpl~ NfI~ fo said ~and in !tis ~ n~o?I~~a~~Pe as may ?easona6ly 6e rpyuire~l: Ihat Ihe mo?tgago? here6y ~ully u~a~rant: t1~s 1i11e to satd lond and u~ill dP~pnd 'J~b `£atrie" id~inst !hs law~ul claims o~ all per:ons whonuoever: and Il~at satd land is jre~ and ~lP~~ o~ nl! encum6mn~es except the technical lien of taxes for the y ear 1977. ~ , ' ;j ;i i , , I ~ ! , j~~~~~ ~ ~ ~~V~ Ii~W~ys fhat t~ sai mort o o~ s~a~~ 9 9 ; ~ c~ A g pay u~to said mort a ee the certutn promti- ~ sory nofe titreinaller su6stnntially xlq9[~CJiDX idenfi~tec~, to-wit: i I 'j Promissory note of even date herewith, signed by mortgagors, in the amount of $85, 000. 00, bearing interest at the rate of 8% per annum ~ on the principal balance from time to time unpaid; the said note as to ; ; principal and interest is payable in seventy-two (72) consecutive ' !i monthly payments of $1, 490. 34 begirining A pril 15, 1977. with the ~ final payment of the remaining principal and all accrued interest ; ~ maturing March 15, 1983. -Each payment when received is to be ! first applied on the interest then due and-the balance on principal. ~ , If any inatallment payment shall not be paid when due, the entire ; principal sum and accrued interest thereunder shall become due ' and payable at once or thereafter. at the option of the holder of said ~ ~ note. ~ ~ f I ~ ~ f i I ~ i ~ I i i ~ i ~ ~ ~ i ~ s € b ~ ~ ~ ; ~ ~ ~ ~ ~ , 'f ~ : ~ - s ~ ~ ~ , ~ ~ j: ~ ~ , ~ a a j~ I r i ~ 4 F~~ ~265 4~ ~ ~ - ~