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HomeMy WebLinkAbout0010 ~._..__.......e......~------- _ _ . - - - - - - . ,~~i~i~i~i~ •~i~i~i~~~i~i~i~i~i~i~. i~i4~~~i~i~i~.~i~i~r'~~i~i~~~i~~~i~~~i~?4~r~?~i~i~i~~~i~i~~'~~i~~4'~~~~~~i~~~~~i~i~~~~~i i i~~~r4~i~i~i~~~i~r~? ~ ; S 1 J, 500._00 - -rn~~y i i ~9 ~ FOR VAI U E R E CEIVED, tM undet~ nod, j ointl and sev~?all , PROMISE TO PAY to the order of . ti , ; ; rA~~~~~~~~n~_~a~~?~~~r_ A~ .r..{c.~:~~w~ ht~__v~1~f~. ; ine teen T housan d F iye Hun dr e~ l T~o l lars an c l no~ 1 0~ OOLIARS, ~ Z • ~ _ - ~ at - - - - - - - - . or such other place as the holder ~ ~ ; heroof nwy d~i~aaN In w~itin~ fo~~th~r with interest from . Niay _~~7~ _ t ; at the raN ~f ._.___9____._____ p~r cMturn p~r annum on ths unpaid balsnce until maturity. Th• said p?incipal and i~tRrest shall ~ ~ b~ dus and pay~bl~ ~s follow:: In 12Q monthly inst311ments of :~175.45 each inclu~itn~~ ~ ir;terest, tlie first paymelt betng due one moiith from date hereof, an~:i ~~zb:,ec~v+~nt : p:.ytr~ents on the same da;~ of e:~ch inont}1 thereafter. 121 months !~rom t}ie ~iate f^.ereof ~ ~ tr~e er.tire principal b~lance s~iall become due aiid pa.yable. I'his is a balloon rnort•3`'3~ ' ~ an3 the final ~yment due upon m~turity ~~all include a-~criied intere::t ~~.-~d a~?»n^c•rn~r~ts.~ ~ his note may be pzepa,id at any fin~e the rr~_-il;ers ~~esire vrithout penalty, s~ ~ ~ If d~fwM M iw~M fK .1-`5_- dars :n d» pap~wt o1 ar indailw~ewe ei principal w inbnsl or an~ part ~F~e~~ef, IM whob sum rl~~n r~m~in:ny ~ ~r.paid wilA i~Nnq duN N Mld~r'~ ~li~w l~e~~ dw awd pay~blt wi1AeW weticn. Faii~n te •x~reit~ fuch uplion slull nef conat::Wy ~ waiver oi 16~ ~ ? r~gh~ ro~x~eei» flw saw~ is fM w~w1 0/ ~vb+pwM d~fartl. Ah~r ~w+lwity bofh priwcip.l and scerwd inNr~tt s1~aN b~a~ i~Mrosl ae 1' ~ Mr c~m~rn ; p~r ~wmrw rwl~ ~1. i1N wqlcMS a~~ ~wd~es~n ol N~is so» toMM~ w~iv~ d~maed, watic~ of wew-p~y~wsnt awd probsl. If this note is not paid a1 i ma~vriry awd 1M saw» 's Ol+t~ wd6 ~w NanNr fN c~cl:ow, ~bs wuk~rs sad Mdonirs h~noi ayrN fo pay dl cotts ei cotkction, includieg all ~our1 ~ ~ coats ~n~ twwa~M a1N~Mf /MS. ~ f . 1 i 1f~ ~ ~ ; / ~ ~ t ; ~ -r~~,or~. e-. - - ~,nel - ~ - _ csEa~~ , ~ : . Attest: ' - ` ' 1 - (SEAI) ~ ; I'Err~r _ ~.:nel?- - . . - ; - s~?t • : _ - _ . - - - - - ~ ~ , : fifrSr4~i~~iL~~~~~~~1~~~~~I~1~~s~1~~l~i~?~~J~l~~~~~i~i~~~1~~~n~lFi~~~i~i~I~i~~~~~~~~~~~i~i~i~i~i~i~i~i~~~1~1'i~i~ifi~I~l~i~i~i~i~i ~~i~i~i~i~i~i~i :~i i~.~i~i~i~i~i~iAv~I~1~ i # ~ ; tad ~haq duly, promptly and [ully pertorm, dischwrge. execute, ef[ect, complet~, comply w~t1? and abide by each and everv the stipulations, agreementa, conditions and covenants of ~xid Rrom~ssory note and ot this mortgage. then this mortgage and the eatate bereby created ahall cease and De null ana void. It is undecstood thst each of the words. "aote." "mortgagoY' and "mortgagee" reapectlvely and the pron- ouns referring thento. v~?hether in tt~e ungulsr or plural anywhere in thls mortgage, ahall be eingular lt one ody and shall be plural joinUy and severally. if more than one, and ahall be masculine, feminine and/or neutes. whes- ever the context w irnplia or admits. Md sald biortgagor for himself and hIs he~rs, legal representatlves, auccessors and asstgw. hereby coven- ' ants ana ag[ees to and with sald ][ortgagee. hls legal represcntattves,succeasors and aaslgtu: ~ 1. To pay W aad aiagular tbe prtncipal and interest and the vuious and sundry auuu ot money paysble b~ . - virtue ot said prnmissory note. aad Wis nwrtgage, each and every. prnmpUy on the day~ respactively the sam~ _ severally become due. ~ ; Z. To psy W aad sinaular t1~e wces. asseaamgnt~. levie~, llabiUties~ obligations and lncutabrances of ever~ nature and kind now on ~aid descriDed proPe*tY. and/or thst hereafter may be impoaed, suffemi. placed, tevied f or aaseased thereupon, and/or that hereafter may be levied or assesaed upon this mortgage and/or the indebted- ~ ness xcured henby. each and every. when due and (+xyable according Lo law, betore they become delinquent~ { and betore any interest attaches or any penalty is i~~curred; and in so tar as any thereot is oi record the sam~ : f shall be promptly aatiafied and discharged of record and the oriRinal ott~cial document (such as. tor inatance. _ ~ -ihe tax receipt or the sstistaction paper ofticially endoreed or certitiedl ahall be p?sced in ihe hands of said s ~ Mortgagee within ten day~ next atter payment; and in the event that any thereof Is Aot so paid. attistied and discharged. aaid l+[ortgagee may at any time pay the same or any part thereof without waivtng or affeciing ~ any opti~n, llen. equity or right under or by ~ irtue ot this mortgage, and the full amount of each and every . such payment ahall be immediately due snd pays?ble And shalt bear interest from the date thereo! until paid at the rate of ten per centum per annum and together with such intereat ahall be aecured by the lien of thi~ mortgage. S. To place and continuously keep on the bu~IdinRa now or hereafter dtuate on safd land Sre and wlndstorm insurance in the uaual star:dard policy ferm, ~n a sum not less than i.. ..19~- 5OO' In such com- ~ pany or comp^nics aa may be approved by aaid Mort~n~~~e: and ali ~uch insurance policie~ on any ot said build- inga, any interest tlferein or part thenot. ir the aR~regate aum s[orpsaid or ln excesa thereoi, ahall contsin ths usual sUndard mortRagee clause makinR the I~~cs urder sxid policles, each and every. payable to said Mortgs- ~ gce as hia interest may appear, and each and e~~ery su~•h policy ahall be promptly delivered to and held by said Mortgagee; and, not lesa than ten daya in ad.anre of the exp~ration of each policy, to deliver to aatd I+Iortgagee a renewal thereot, toRether v?ith a receipt fer th~ premium of n~t~h rrnewal• and there shall be no such insur- . ance placed on any ot sald buiidin}js, any intereat therein or part thereot, unles~ fn the form and wfEh the losa payabte as atoresaid: snd in the e~ent any sum of money becomes payable nnder anch polfcy or policies aaid l~ortqagee shall have the opUon to receive and Apply the same on sccount of the lndabtedneas aecured hereby or ~ - to permit said Mortga~[or to receive and uae It or any pwrt thereot tor othet purposes wittwut t?~ereby waivln` : or impalring sny equity. llen or right under or by virtue ot this mortgage: and in the event s~ld Mortgagor shall ~ ; for any reaso~ [ail to keep the aatd premiee~ so in+urrd, or fail to dellver promptly any ot sald policiq ot " inauranct to aaid Mortgagee, or fail ptompUy to pay fnlly any premium therefor. or in aay reapect fall to per- ~ ~ form, djscharge,. execute, effect, complete, comply with and abide by this covenant, or any part hereot. uid Mortg- s 6 agee msy place and pay tor such in~urRe~ce or any part thereot without Wslving or atfectlng any optfon.. lien, f ~ equity or right under or by viKue of thia mortgage, and the tuU amount ot each and every such p~yment shall ~ be lmmediately due and payable and shap bear fnterest tmm the date thereot untU pald at the rste ot ten per ~ centum per annum and together with sucA Interest ~hall be aecured by ihe llea of thf~ a?oNB+~B~• ~ ' 4. To permi~ commit or suffer no wa~tq impalrmeat ot deterlontlon o! ~atd propsrty or an7 Part v?~~• • ~ 6. Tn pay all and dngular tl~e cost~, chargea and expenses, including nuonaDle l~wyer'~ lces and co~t o! abstracb of tltle. lncurred or psld at aay time by safd l+tortgagee becanse and/or fa the ~vent o[ t1?e tdtur~ ~ on the part ot the safd Mortgagor to duly. promptly and NUy perlorno. dl~charBe. e~cecute. eK~? ~p1°~ 3 oomply arlth and abfda by eacL and ever~ tt~s sifpulaqona, a6reement~. ca~ditlona and coveaant~ o! s~id promf~- sory note. snd W~ mortgage. any oe elther. and eafd costar charges and espease~. each ~nd every. ~hall bs im- ~ mediately dus and p~yable. wbether or not thers be noUce. demand. attampt to collect or sult pending: and th~ iWl amount ot esch aad every iuch payaneat ~ha11 bear int~reat troan t!N dst~ th~rroi until ~aw?ItbESUCh fa- tea p~r cenbsm pes wum: and W aatd e~o~b. charna ~aA ~sp~ w tncure~d or pald. W~e ~ br~~t, ~a11 b~ ~ecurad bp tb~ IMn ot tNa awstsstr. ~ ao~ 28? ~ ~.0 ~ - ~ . _ . _ . _ _ ~u ~TF.~ ~ . . . ~ ~