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HomeMy WebLinkAbout0698 I I? I I'I I• I I I I I I I I I I I I I I I I I I I I I~ I 1 I I I I I I I f f I I I I I t I~ I I I! I t I~ I 1~ I 1~ 1 I~ I/ 1 I I I I I~ I I I I I ? 1~ ~SYi~i4~i~i~ti~ti~~i~i~~~~~~~L~~~~~s~s.s~~~~.~~~~ri.~~~~~i~~~~~~i~~~~~~~ i~~~~~~~~L? 36 000._00 ~ . . s • ~ - ~ J AME~ G; 19 ` FOR VAWE RECEIVED, th undersi ~n~t~_d~ ~'o?MI snd sw~ra11y, PROMISE TO PAY to 1h• or~~~ of _ ~ ~ r K EELTY anc~ COD~~:,~Y-~. ~C. : . _ _ - - - ; Thirty s'ix Thousand~and .no71b0 ~36,~000,~00)-~-_-_-_-=--- DOttARS ~ ~ . . - - ~ - ~ ~ at 6~. ~t PA~Qt1~~d..F~?Hf~• ~XY~~; - T.~G7~,.- . . . or such oth~r plsce as t{~• holde? ~ her~of may d~:i nat~ in wrilinp to~eth~r with inte?es1 fro~n __date__hereof ~ at th~ rat• of 8~ ~.?~O p~r cenfutn per snnum on the unpaid balanc• until maturitr. The ssid principal a~d inte~est sF~sll ~ be due and parable as follows: Interest and principal to be payable in full on or before one year of date hereof. . 1 ~ ~ ~ ' ~ S • ~ ~ ~ ~ . : ; ~ 1/ d~bvh be wa~ /N 5 Jaya in 1ht ~~ewl wY :wtUQ~wewt '~iwa:pd ~t :wf~r~~t ~r awr P~A Ifien~/, M~ v.1w1~ s~w~ 16~w ~~w~~ie:w~ ~ ~ : urpuJ ~riM iwNr~sl sAall a~ Aoldei s•pr.ew ?~~~~we 1~ awJ p~ra t w~~A~v~ we~~c~. f~~l~r~ •~~rkis~ ~rtb ~pG~w sA~M we~ ~ow~~ifry, r2~or~• e/ tb ~ ~ r~gAi N•a~reis~ ~M +~n~ iw ~M •rtw~ ~l +~bs~q~~w~ e~avl Ah~r w~~~vnty pnwupal ~w~ ~urwd iw~eres~ ~A~q b~sr inHres~ al 81 pt? «nt~rw ~ : P~r sww~w ~rwti) paiJ. 1M u~+~~rs awJ •nd~~+tr~ ~i ~h~s f~AA~r ~.a~~~ en~a J. wef:~• ~ow~p~rrw~e~ ~nJ ~~e~~t~. N ~Ais wef~ i~ wet pai~ ( ~~,+s~vrifr aw~ M~ f~w~t is ~I~c~~ ~r.~A ~w at~ern~y fer ~~Iled.~w. tM w~aken an •wd •n Aere~f •yre~ 1~ p~r al) ~os1s d ul4diew, ind~din~ all aevrf ; ~o+~s ~w~ nn~eaVl~ an~rw~r h~~. ~ • ~ ~ ~ ~ ~ ; ` ! : ' ° ~'~V F~••~- (SEAy ; . _ _ . - Robe t E. Chonu s / Attest: .~?i, ?~G.-- •I i.~ ~ (.t/'i (SEAL) Jeanrt Chonus ~ - (SEAI) and shall duly, promptly and tully perform, d?scharge, exec~~t~, eftect, com~let~, ~omply w~th an~ aD:Qe by taclf and everv the stipulsuons, agrcementa, condiLuns and covenants of ssud prum~ssory note and o[ this mortgage, then this mortgage and the eatate hereby created shall ceaae and be null ana ~•oid. It ia understood that each of the worJa. "note." "mortgagoY' and "mortgagee" respectively and the pron-~ ouns referring thereto, whether in the singular or plural anywherc tn thls mortgage, ahall be singular tt one only and shall be plurnl jointly and aeveeally, ii more than one, and shal{ be mn.gculine, fem~nine sndfor neuter. wher- ever the conteat so impl~es or admlts. Md sald Mortgagor tor himsel[ and hia heirs, legal representatives, aucceswra and a~aigns, hereby coven- ~ni.s anu agrees to and with said Morlgagee, his te8~ iep~~~vves, succesaora and as~igns: 1. To pay W and singular the principal and lnterest and the various and aundry sums ot money payabie br. virtue ot sald prnmiasory aote. and this mortgage, each and every. promptly on the days re~pec4vely We aam~ severally become due. 2. To pay aU and singular the twce~, assessments, leviea, liabil~tie9, obliRationa and incumbrances of every nsture and kind now on said de~cribed property, and/or that hereafter may be imponed, sutfereci, placed, levied or asaessed thereupon, and/or that herca[tor may be levied or ~sessed upon this mortgage andior the indebted- ness xcured hereby. eacA and every, when due an~ payable according to law, be[ore they become delinquen~ and be~ore any interest attaches or any penalty ~s incurred; and in so tar as any thereof ie o[ record the aama ehall be prompUy satiatied and discha sed ot record nnd tne on~nnal off~cial document (such as, tor Instance, :he ta~c receipt or the satiafaction paper of[iciatly endorsed or ceRiGed? shell be placed tn the hand~ of said Mortgagee within ten days next atter payment; and in the event thst any thereo[ is not ~o paid, sattiafied and discharged, said Mortgagee.msy at any time pay the same or any part thereot v?ithout wai~ing or atfecting j any option, lien, equity or tight unde~ or b~ ~~~rtuP of this mortgage, and the tup amount ot e~ch and everp j such payment ~hall be immediately due and pay.,bte and shal) bear interest trom the date thereof untll paid j at the rste of ten per centurn per annum and to~eth~r w~th such interest ahalt be aecured by the lien of ihu F mortgage. 1 3. To place snd continuously keFp on the bwldin~n now or hereatter aftuate on aaid land flre and windstorm 4 lnsurance in the u.aual standard policy form, in a sum not les~ than s 50, , fn ~uch conn- pany or comp^~ics as may be approved by sai~l blort~a~r•e: an~i all such insurance policiea on any of said build- ings, any intereat therein or part thereof, in the a~~regate sum aforraaid or in exce's thereof, ~hall contain the ugual atsndard mert~ag~e Nause makinR the lo.s ur.d~r sa~d policie~, each and every, payable to said 1liortga- gee as his interest may appear, and exch ar.~ e~•Pr~• s:i~~h pc?licy shall be pmmptly delivered to and held by said ~ Mortgagee: and, not les~ than ten ~fay~ in adrance nf the Pxpirat~~n ot each policy, to deliver to sntd Mortgagee e a renewal ihereof. toqether with a receipt tor thP pr~m~um nf ~t~rh rPnewal- and there ahall be no such insur- ~ ance placed on any ot sald bulldinRa, any inlerest ihcrein or part lhereot, unlev in the form snd wlth the loas payable u a[oresaid; and in the e~•ent any aum of money becomea payable under Juch pollcy or policiq said ~ MortRaRee ahall have the optlon to recei.e and apply the ~ame on account ot the fndebtedneas aecured hereby or ~ to p'rmit said Mortga~or to rereivP and uee 1t or any part thereot for other purposq without thereby waiving ~ or impairing any equity, lien or riRht under or by virtue of thi~ mortgage: and in the event satd Mortgagor she11 for any reaso;~ [eil to ke~p the said prem~+~s sn ineurcd, a~ fait to deliver promptly anY o[ aaid policiea oi ~ ~ lnsurance to said 1ltortgaRee. or fail promptlv to p~y [ully any premium therctor, or in any respect fall to per- form, discha~e, eaecute, etlect, complete, comply ~v~tfi and a6ide bp thia covenant, or any part hereof, said Mortg- ~ agee may place and pay tor auch insurance or any part thereof withnut waiving or a[fecUinq any option, lien. ; equity or right under or by ~•irtue oi this mortRaRe. and the fu0 amaunt ot each and every such payment shall be immediately due and pa~able and ahall bear intPrest from the date thereot untll pald at the rate ot ten per centum per annum end together with such lnterest ~hall be aecured by the Ben ot thfi mortgage. _ To permlt, commit or suffer no v?a+te, Impairment or deterforatlon of satd property or any psrt thereot. 6 6. To pay all and singulu the co~ts, chargea nnd expenxs, including reasonable lawyer'e tces and coet ot ~ abatracta ot title, incurnd or pald et any tlme by said Mortgagee because andior tn the event ot the faliurs - ~ on the part ot the ~aid Mortgagor to duly, promptly and fully peKorm, dlschacge, ~ecute, eKect, complets. ~ rnmply wiLh and abfde by each and eve -ry the atlpulatlons, agreementa. conditlons and covenanL ot said promis- g wry note, and Ws mort~e, any or either, end ~uld costs, chugc~ and expens~a. each ai?d every. shall be lm- ~ mediately due and paysble, whether or not tAe~ be notice, demand, attempt to coUect or sult pending; and ths ~ full amount o[ each and every auch payment ehalt besr intere~t irom tAs dste tbereot unttl patd at the rate ot tea per centum per uu~um• and all safd coeta, chargei and e~[pen~ w ~ncurt~ed or Pald. WBether with sucb !n- terest, stu31 bs ~ecured br the llea o! thi~ mortgage. ~ ~ ' ~ ~ -