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HomeMy WebLinkAbout0802 , _ ~ ~4~+'Sri'~iViL~i~i~i~i~i~i~i~i~i~i~iO~i~i~i~i'~~~~i*i~i~i~ri~IS~~i~i~i~~~i~ri~i~i~~~i~i~i~i~i'~~i~i~i~i~i~i~i~i'~'i~i~i~/~i4Y/t/f/~ i?,Q04.~ Apri 1 12 • 7? ~ ~ VAIUE RKElH~, fM w+i~si~n~, ntly ~~d s~v~r~l~,! ~RQI~ISE TQ CAY te th~ e~dN ef ~ _ _ ....D~..E....~AR~~. _ ~?n~G. L. ARTHOR, his wiie ~ R _ S.eyea . Tho~usand_and. no/1Q0 -------------------i----------------------- ootwts, ~ . at BOX 4~~~ . R~aF.D. 11, _ Crossville, TN '~85~~. « wcl+ wlNr p1~c~ as tM A~IdN ~ b~~i wuy ~aN ie w?iNn~ tpMl~~? witl~ int~n~t from . d8~t@ shown above ~ ~t 1h~ ~~N ~i Byt - M? aetwn pK annun~ o~ N+~ unpaid bal~nc~ until ~n~tu~ity. Tlu s~id pri~cipal ~nd int~nq ~I+ali ~ 3 b~ dw and payabl~ as follows: ~ ~ The entire a~ount is pa9able on February 1, 1Q7R, ulus interest ; in the amount of K464.~£i, for a total of $7,4c~+.~b. 1 ~ ti . ~ ~ N~farM M A~ /M ~.0 Ja~~ iw fM ~~~w~w~ d~w~ i~~~dlw~ewt ~f ~eiwc:pl iwNHS~ ~r awy Nw eM~/ ~~rM4 M~w n~w«w~ ~ ry~ riM iwMwM ~M M Mlh~'~ Mri~w N~~~ iw ~w~ ~~y~N~ ~r.1MM M~~a~ i~~lw~ h•~~~c~s~ wiA N+ww ~A~N cMa.h~l • w~iw~ ~I ~ ri~M N~a~ N» NM i~ ~M ~1 w~sHww~ h/~~h Ah~r rwa~witi wM ~~.wiiHl a~1 ~ca~w1 ~war~a ~~q ?~a .wNr~N N~7-' ~ uwhr~ ; ~ wuw wAI fM w~k~n ~w~ ~w~wan ~1 Ua~ w~N 1vAA~~ ~ra~•e ~w~ae~. w~K~~ wM}~~wNw~ ~w~ MN~~~ N~Ah w~q is wN ~sal M•. ~wNwil~ ~ 11w ~w i~ ~I~c~~ ~raA ~w a~nH~ ~db.~.sw. M~ ~wak~~~ aw/ ~wNn~r~ M.N1 ~~n~ t~ ~N s~aa c~tb~M~ i~dv~iw~ dl i~vw ~ ` .aM ~ ~~aw~~ NN+*~y hM. • : ~ S ti . ~ . . . j / ~ % . . • . . _ • ~ ~ ~ ~ • . ~ ~ ~MaI`d 2imuckmier ~ ' ' ~ ~ ' ts~"`~ • V~iY'ma ~ Schmuo~`nie`'r'~ . _ . ~ . . . - , • ~~w7•~i~-- ~ ; ; - - : ~ . , . . . • . : . . . . . : . . : . : . . . . . . . . . : : : . . . ~ ~ and shall duly. ptomptly and tulty pertorm, d~schsrge, execut~, eftect, completP, ~omply w~th and abide by eaeh and everv the atipWauons, agreements, condRions and covenanta ot ara~d prum~ssory note and of thii mortga~e, then ttus mortgage and the eatate hereby created sh:?I! ceaae and De nWl ana ~•a~i. It ~a understood that each ot the words. "note," ••mortgagoY' snd "mortRagee" respectfvely and the pron- . ouns rcfemng thereto. whether in the singulsr or plural anywhere In thta mortgage, eha!! be iingular it one only and shall be plurs! ~oinUy and severally, it more than one, and ~hall be inn~+culine, feminine and/or neUter~ whee- ever the oontext ao implie~ or admib. , Md sald Mortga~or tor himielt and hia heirs, legal ~epreaentati~ee, aucce.vors and asslgtu, Dereby' ooven- ~nts ano agrees to and with iald Mortgagee~ his legal representative~, succrssora and asaigns: i j 1. To pay W and slagular the principa! and Intereat and the various and sundry sums ot money payable b~ C vtrtue ot uid promisw~y note. and thu mo~tgage, each and every. promptly on the days respecUvely the aam~ severally become due. ~ 2. To pay all and iingular the txxes, assesaments, levies, IisDil~tiea, obli~atlona and Incumbrances of everp nature and kind now on said descnbcd property, and!or that hereatter may De tmpoaed, suffered, placed, lev~ed or asseased thereupon, and; or that hereatter may be lrvied or asa.~ssM upon this mo~tgage andior the indebted- neas aecured hereby, each aad e~ery, when due and payable accor~ilnR to law, betore they become delinquent~ and briore any interest attaches o~ any penalty l9 lncurrrcf; and 1n ao tar as any thereot is o[ ~ecord the sam~ shall be promQtly satutied and d~scharged of record xnd the on~inal of[~cial document Isuch as, for i~utance, : ihe tax receipt or the ut~staction paper oftlcixlly en~lorned or cert~hecll ~hsll be pfaced fn the hands of said Mortgagee wtithin ten days next xfter Paymcnt; and in the e~•ent that stny the~eo[ ia not so paid, satisfied and dlscharged~ sald btortRagee may at any t~me pay thP a:~me or any part therenf a-ithout wai~ing or aftecting any opt~en, lien, equity or nght under nr by ~~~rtuP ~f th~s mortgaRe, and the lull amount of each and every such paymmt shaU De immediately due nnd paynDle an~f ~haU bear interest from the dnte thereof untit paid at the rate ot ten per crnturn per annum anA t~~~eth~~ v?~th such interest ~hall be secured by the lien ot thii mortgage. To place and cont~nuo~~ly kePp on the bu.ld~n;~s now or hereaiter sltuate on eaid land [Ire and windstorm insurance in the u~ual standard ~h~y f~rm, in a surn nnt les~ than i . N~Q. in auch com- pany or comp~ as may bc epproved by as;~l Ator~y;a~~•e: and all vu~h insurance policies on any ot sald build- ings, any int~rest therein or part ihereof, !n the a~crr~ate aum a(orPVa~d or 1n exce~x thereot, shaU contain the usuat standard m~rt~ag~p claulse mak~nR the 1~~~~ urd~r sa~d policie~, tach and every, payable to aaid btortga- gee aa his tntereai may appear, and Pnch ar.J P~'P; y cu~ h~x~hcy ahall be pmmpUy d~L~•ered to and held by said - UiortRagee: and, not less than ten day~ in ad~anre nf the Pxpiration ~t ~ach policy, to deliver to sntd bTortgaRee ~ a rene~val thereof. toRether with a rece~pt t~r thP pr~m~um nt .~~~•h r~newxl: and th~re shall be no such insur- ~ ance placed en any ot wtd butldinR~, any ~ntrreat th~retn or pnrt thereof, unle.~ in the form and with the losi payable as atoreaaid; nnA in the e~•~nt +1ny sum of money becnmea payablt under auch polfcy or policiea aaid Mortaa~ee ahall have the optfon to rereive ~nd apply the .am~ on account ot the indebtedncss aecured hereby or to ~+ermit said Mort~a~tor to rerdv~ an.i u•e it or any p~rt therent for other purposes without thereby waiving or impafring any equity. Ilen or riRht under nr by vtrtue of thia mortgage; and in the event eaid MoKgaKor shall for any rraaon [Ail to keep the said premi~~9 so in~urrd. or tail to dellver prompUy anv ot satd policle~ of inaurance to aaid 1?SortgajCPe, or fail promplly tn p~_y (a~11y any premium theretor. or in any respect Isfl to per- torm, d~acharRe, exerute, ef[eet, complete, comply w~th and abide ~y thls covenant, or any part hercot, aaid Mertg- aqe~ may plac~ and pay tor ai~ch inaurance or anv part th~reot with~ut v~aiv?ng or sftecUnR any option, li~n, equity or nRht under nr by ~•iKue ot this mortRaRe, an~1 tho full arnount of each and every euch payment rhall be Immediately due and payaDle and ahatl Drar int•rest trom the date there~ot untll paid at the rste ot ten per centum per annum nnd together with such tnterest shall be aecured by the l~en ot Wi mortga~e. To permlt~ commlt or sut(er no v?aete, Impalrment or deteHondon o! sald property or any pnrt thereot. 6. To pay a11 and ~InRulu the co~ts, charRes and expenxs, including nasonaDle lawyer'~ teea and cost ot abstracta ol tiUe, tncurred or paid at any ttme by safd Mortgagee because snd~or tn the event of the taUurs ; on the part of the sald MortgaRor to duly, prompUy and hilfy perfortn, dlicharge, e~[ecute, ettect. complete, rnmply wlth and abfde by each and ev~ry the stlpulaUon~, ay~reements, condftloni and covenanL of eald pramis- wry note, and thls mort~;e, any or elther, and ~nfd coats, charges and e~cperues, esch and every, shall be Im- mediately due ~nd payable, whether or not there be notice, demand, attempi to colkct or ~ult pendfng; and ths fWl smount of esch and every auch psyment shall bear interest trom ths dats thereoi uaW pdd at the nte o! taa p~r centum per annum• and all ufd cosL, chargea and ~:pea~e~ w lncure+eA or p~ld. together wfth ~ucb !n- tereat~ ~hW b~ ~ecured by th~ lten oi Wi mortga~e. a ~287 ~ ~ ~ ~ ' - ~ ,K