HomeMy WebLinkAbout0510 .
; IZ~~ ~ L~ nV~~ f~~~ snmN. lugrl{~er u~i~~ ~l~l~wnts. tieret~itanlenls anc~ appu?le- ~
~ ~~anr~•s f~~rr~lo ~?~~un~~in~~. am~ 1~~~ r~nfa. issups an~~ pro~ib fhereo~. unlo 1{~e moNgagee. !n frr simp~e.
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iil~ I~~w morf(~apor rovNnunis U~/I~ I~P II10~I~Q~P! t~af Iti• morfgagor is in~efeasi6~y seise~ of sald
lan~l in Jre siniple: ~hAi ~hp moN~agor has pood rieht and lawf ul aulRorilr lo convey satd land ~ ajon-
+i s~i~~: Ihat I~~p morl{~agor ~oi~~ ma~e sucti jurlhpr wsauronces fo perlrct fhs /ee iimpls Nlle to sald land tw I~e s
mo~f{~agPe as mny reasonati~y be r~ulre~~; Il~al the morlgngor here6y (u~~y wnr?anh ttie ttl~e to satd land ~
a.ul u~ill .IpJpnd ~I~e samv against tl~e Inu~~ul claimi o~ al~ peraons wl~omso~ver; and Ihat aatd land ia ~ree
a~~d ~tPa~ a? ~ll pncum6rnnc•es except the technical lien of taxes for the year 1877.
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' ~V~ T11W~s~ ltiat iJ saic~ mortgagor stia~~ pay unto snid mortgaget f~e cerfai~ promis-
sory nofe ~t?etnafler su~lanfia~~y copipc~ or icrenft(iec~, to-u~it:
Promissor note of even date herewith. signed by mort~agors, in the j ~
amount of ~5?, 500. 00, bearing interest at the rate of 8 2°b per annum ~
o n th e princi pal balance from time to time un paid; the said note ae to i ~
:I principal and interest is payable in 72 consecutive monthly payments 1
" of $1, 022. 2? beginning April 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 installment payment shall not
be paid when due, the entire principal sum and accrued interest there- :
under shall become due and payable at once or thereafter. at the option ~
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of the holder of said note. ~ .
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