HomeMy WebLinkAbout0968 L,,~
~ ~~e ~ W 1W~~ l~~P s~ime. fopPt{~er u~il~~ Ij~r lenemenls. ~iere~~ifumw~fs ~~n~l ~~~q.~utr ;
n~nces thpreto ~~p~on~~ing, anc~ t~e rents. iast~es un~I projils f~~Mrpo(. unto I~e ~nortgagee. in ~ep sin~pl~•.
1 ~ltl~ Ihe mort a o~ rn .
/ !1 g t~enanls wi1~ fRp murtgogee fhaf fhs mortgagor is indefewl~ily sr~:p~/ uf saict
~R?1~ III JPt~ SIRinlP: ~~Q~ ~!1@ moHgagw has ?lg~~ Qli~ ~W/U~ QU~l10/'~~y ~O CORVlr lQI~ lQIiQ LLf Q/0I'!-
~ said: ~that ~he mo?~~~gor wtll mahe such furtf~er assurances lo per~PC! tl~e fee simp~e lit~e !o sai~I Iand in tl~e
mort~aflee crs may ?raaonably be reautred; fl~at the mortgagor herebr (ully wurrantt tl~e titG+ to said lond
I arid u~il1 dpjP,~~! t{~e same apai?ut the Iowjul cbims o/ a[! ~no?„ whomsoever: and ~hat aaid land ts Jree
aiid clP~r oj a11 encum6rances .
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rou~ded ~lways~ that i~ said mo~tgagor stial~ pay ~usto saia mortgogee t/~p certain promis-
S sory notP ~ereina~ter suf~stanfia~ly copiec~ or ic~enli~ied, !o-u~i!_ +
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= 2 , 80O ..OD . . . F~..:_...~.~s~ . Januar_y. 30
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fOR VAIUE RECEIVEp t!» w~rsiyned promise: 1o pay ~o tFe adK of
RANCHO GRANDE INC.
N,•w~Mw~~~..~wo..:.Thousand..Eight .Hundr,ed._.and.._n0~.1DQ.-_-------- o~~.~cs 2,8Q0.00---
lo~lher with inf~ref~ N»t~on from dale. a1 Ihe ~atc d 8%0 -.per cml, p« annwn . rn,~tw~~y. ti.~~d mtrresl
e«~ ~y~w. . ..~it~lu~ilY ~ 30th ,,:,Y o, JanuarY . x~ of
e.sth year. bOlh prirrcipa) and ~Neres~ be~ny p~yable !•wf~~l ~nu~cy d Ihe United Sfales d ils equ~vaienf. at
sa~d p.~..cipai wm ~o be payable a+ the da~es en~f ,n the ~moun?i ~pcab~•d br.iow. to-wa
Ttie first princiPal Paymait of $700.00 plus 870 ~nt~rest pex ~ranm on tt~e ta~aid principal
balm~ce sha11 be paid an 30th day of JanuaYy, 1979.
1t~e seoond principal payment of $700.00 plus 87o interest per a~um on the unp~aid princi.pal
balance st~all be paid an 30th day of Ja~m~ary, 1980.
r The third principal Paya~nt of $700.00 plus 87'. interest per arsnm on the iaipaid prir~cipal
~ balance shall be paid an 30th da of Jarn~ary 1981.
~ The faurth princip~al. PaYment of ~$700.00 plus 8°~ interest per amanm on the ulp~aid principal
~ balanoe shall be paid at 30th day of Jar~uary 1982. Each instal~it f~rst sha~l be a~pli~ed
in payment of the interest and tt~n on the u~paid baLance of the principal sun. T~is nvte
~ may be prepaid in wttiole or in part at any time wiCttiout ~~a.lty.
~ Each m~?er and endorsw severaNy waives densnd. p~~~si and ~wtKe ol mahwdy. non-paYmsiM or proNsl and all requaemsrNs neces+.uv ~o hold each d
~ N~e~n I,.~We as a+ak~~s and endwsns
S fach mal~ and erdo~se. Iw~her agrees 1an11r and seve.aliy, to Day ail cosls d cdkctan, inciudng a rsawnable allorney's fee catie ~hr vr~~upal d
pr pal w a~ ~ntrae~t th~•.«_n ~s no~ ,d a~ Ihe respect~ve malurdy ther~ol, w~~ case H becomes neceisary to proted ~ht
` dws no~e or anY Par+~~~ ~ the ~nc~ y w
sccw~ty hered. whNher w~t be bougN or rw~ po/
1hiS noie Md Qe~e?f!d ~nte~e ~dYm[:MS lhJYi Gc,. .n!eresi .d ~rn ra~e o1. {7(p -.per Cent, pCr antwR~ Irum ~sw~tu+dy cnld ye~~
Thn nde ~s secwed by a ~ZrS~ mvrtq.,g•, ;.t ...t. ~.-•_~,~h and to be c,astroe•f ~nd rf~NCeJ ~'c ......,y lo Ihr_ I.,w. ot t+o~.t:
upaxi .icf~ull in Ihe paYment d prmopal ar~d~~ ~~~ferrs~ .,•.yr o~~ secur:•:! by s:~~ 1 fdortg.~ge. atl utvt ~j}~ cc~.- i.•.f ~e 'or•t..,.t'
beco:nr dw• and WraDle nofwilhstand~ng ~hev Ir.~or ~1Ci $Flld C~~t L`Q~ti.~~.4 -7v (~}~S ?
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BEVERLY ANN DeWITT
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