HomeMy WebLinkAbout0887 ~i~.L~.<.LL•.S.LS.•.•.•.~.•,~.L~r'.•. i~r~i~.~i~~~i~i :~~~i~i~~~i~r~i4~i~i~i~i
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532,.Q0.4_..Q.O_ . APr-i l_~ 3~ 19 78~-• R
~ FOR VAWE RECEIVED, th~ undenipn~d, jointly and, s vera4l~?fSR~I~SEeTO PAY to the or~e~ of _~4
_._~on.a~d__.~dwin._Smith and__Faye Smit~, OO~tAR
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-Th7~~CtY . two _Thousand__dollars and ~no~ cents F-- - . . . . . .
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at _ 9$...Camelot..Drive_,_..Huntington, _West:~:Virginia"~ 257b1__-:_;:: or such o~her place as the holder ~ ~
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henof n+ay des~nat~ in writinp together with interest from ._..._..__dat.e.. Sxl4wn__ above_._ _ ~ ~
at th~ nt~ of p~~ c~ntum per annum on the unpaid balance until maturify. The said principal and iroerest :hsll ~
be due and paysble as follows: i
$324.57 a month, the first payment being due one month from the date ~
shown above, and continue for each month thereafter until paid in full.
This sum of $324.57 paid each month shall first be credited to interest k~
~ and the remainder to the principal of this obligation. t
THIS NOTE MAY BE PRE-PAID WITHOUT PENALTY.
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, 1/ d~(~~h be ~sd~ ler 3 ~ day in Ihe payre~nl e/ •e~ iettallTeM ei pr:etipa) or inter~sl •r anr par~ 16er~el, tM w6e1~ suw~ IA~w rew~~in~ny ~
: onpai/ wiM ~whre~t sAal) al Aold~r'~ ept:oe ltce'n• d~e •nd pa~able w~lAw1 ~ef.c~. Fa~lur~ fe •:~?cia~ suth ept~on tA~ll ee1 tew~~~~u~e • wsive. of ~b•
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.~gM 1• •a~rais~ ~b~ ~a~~ ie IM •vent el svbs~q~eel dtfaull. Ah~~ ma~voty be~A p.~ee~p+l and •uw~d iel~rttl sAall be~~ :nftrea~ +1 9 per cen~~n~ ~
• p~r ~wn~~w.w~til pa:J. lA~ ~nabr• and endors~~s el IA~a ne~~ fun6~r wtive de~nand. oat~c• ei ee~-p+ymen~ ~nd pre~ei~. If ~6n ne~e ~s nof ps~d at ~
T~IVf~~ ~wJ tM ~~iwe is Plu~d wi~h an •I~orw~y fe~ c~Ued.on. ~M m~k~n and •nder~en h~ree( •y~e• Ie p+~ all ies~s ef colleifiew, includiny sll ao~A ;
~ w~tt ~nJ r~~~~w~bb anerw~r 1~~~.
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Att~st: ~ (SEAL) ~
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and ahall duly, promptly and fully perform, discharge, executP, effect, completr, ~~omply wrth and abide by ea~
and every the stipulations, agreements, con~~tio?is and covenants ot said prum~s~ory note and ot this mortgage.
then thi~ mortgage and fhe eatate hereby created shall cease and De nWl ana ~~oad.
It ~s understood that each oi the KorQs, "note." "mortgagor" and "morigagee" respectfvely and the pron-
ouns referring thereto; whether in the singular or plural anywhere in thls mortgage, shall be s~ngular if ofle only
~ and ~hall be plural jointly and severally, i[ murF thnn one, and sh:?ll be ~nci.vculine, feminine and/or neuter, wher-
ever the context ao implies or admits.
Md sald Mortgagor for himselt and his heirs, Iegal representaU~•es, successors and assigt~, hereby coven-
ants ana agree~ to and with said Mortgagee, his legal represeniatives, succFSSOr~ and assigns:
i i. To pay all and aingular the principal and intereat and the various and ~undry sums o[ money payable by
virtue of said promis~ory note, and thi~ mortgage, each and every, prompqy on the dnys reapectively the same
~ aevera;ly become due. .
'r nat re andpk nd now on 9
a~ ae cribed properly,~andtor lthat9he catter may ~be timpos da aufferredapla edt levi d
or assessed thereupon, and/or that hereatter may be levied or ass~•ssed upun this mortgaqe andior the indebted-
; ness secured hereby, each and e~•ery, w~hen due and ~ayable accorciing to law, before they become delsnquent,
and before any interest attaches or any penalty is i~icurrcYi; and in so tar as xny thereof is of record the same
; shall be prumptly satisfied and discharged of record tu?d the onRinal off~cial document (~uch aa, tor i~~tance,
~ ihe tax receipt or the satiaiaction paper officially en~iorsed or certi[ied~ shalt be ylaced fn the hands of said
; :4tortgagee K'ithin ten days next atter payTnent; and in the event tha[ any therenf is not so paid, satisfied and
discharged, sa;d 1?tortgagee may at any t~me pay the s:?me or any part lhereof w•ithout wai~~ing or affecting
; any optiAn, lien, equity or r~ght undcr or b)• ~•~rtuP of th~s mortgaRc, and the ft~ll amount of each and every
~ such payment shall be immediatPly due and ?~ayah;e and shall bear interest trom the date thereot until paid
~ at the raLe of ten per centurn per annum and t~~;;eth~r w~th such interest shall be secured by the lien of thia
3 mortgage.
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~ 3. To place and continuously ke~p on the bu.t~i~np;s n~,w or hereafter situate on said land fire and windstorm
~ insurance 1n the u~ual standard pulicy form, in a ~um n~t less than s 17.~ ~~0.~.~.0--.-.--...._.-.-..--.. In such com-
~ pany or comp~nirs as may be approved b}• ca;~f ~fort;;a~~•e: an~f :?11 such ~nsur.?nce pnlicies on any ot aaid build-
~ ings, any inlerest therein or part thereot, in the a~~r.r~;ate sum 3torPaa~d or in excess thereof, shall contain the
~ usual standard mnrt~agee clause makmQ the I~~~v ur.rf~r sa~d policies, each and every, payable to said Mortga-
~ gee as hia interest may appear, and each ar.~l Pl'P:y si~~ h pnl~cy shalt be promptly deln•ered to ar.d held by said
s llfort~agee: and, not less than ten davs in ad:an~e nf the Pxpiration of each policy, to deliver to said MortRa~ee
~ ~ a renewal thereof, toRether w•ith a receipi f~~r thP prPmn~m ~f an~h r~n~wal: and thpre ~hall be no such insur-
ance placed on any of said buildin~;s. any intertst th~re,n or part thercot, unless in the form and with the loss
y payable aa aforesaid: and in the e~•Pnt any sum of money bei•ome~ payable under auch policy or policies said-
MortRaQee shall ha~•e the option to recei.•e and apply the Y8Tt1P on account of the indebtednes~ secured hereby or
" to prrmit said biort~a~or to recef~~P nnd u~e it or any rnrt thereot for other pur~wses without therebV waiving
or impairing any equity, lien or ri~ht under or by rirtue ot this mortgage; and in the event said Mortgagor ahall
s for any reas^a fr+il to keep ihe said prPmi~~~s so in=ur~d, or fail to deliver promptly any of said policiea ot
insurance to sald Di~rtgaRee, or fail promplly to p~y tiilly any premium therefor, or in any respect fefl to per-
form, d~schar~e, execute, effect, complete, comply w-ith and abide by thi~ covenant, or any part hereof, ~aid Mortg-
aReP may place and pay for such insurance or nny part therent without waiving or atfecting any option, lien.
equity or riRht under or by ~•irtue ot this mort~aRe, and the full amount of each and every auch payment ahall
be immediately due and payable end ahnll bear intPrest from the date thereof unt11 paid at the rate o[ ten per
centum per annum and together with such Interest ~hall be necurcd by the lien of thie moctgage.
- 4. To permft, commit or eufter no wa.ste, ~mpairment or deterforation ~f asid property or any pnrt thereof.
6. To pay sll and aingular the co~ts, charRe~ and expenses, including reasonable lawyer'a fees and cost of
- abatracts o[ title, fncurred or paid at any tlme by aald Mortgagee because and/or in the event of the faflute
- on ihe part oi the said MortgaRor to duly, promptly and tully perforns, discharge, execute, e[fect, complete.
= comply wlth and sbide by each and every the ~ttpulationa, agreemente, conditions and covenanta of said promfa-
- sory note, nnd Lhla mort~age, any or ei[her, and ~a1d costa, chargea and expensea, each and every, ahall be Im-
mediately due and payable, whether or not there Ae not~ce, demend. attempt to collect or suit pending: and ths
lLll amount of each and ev~ry such payment ahn11 bear intere~t trom the date thereof untU pald at the rate oi
tea per centum per annum; and all safd ca+te, charges and expeme~ w lncurred or pald. together wfth auch in-
terest, shW Ds secured by the Iten of Ws mortgage.
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so~~ 286 P~f 8~i
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