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HomeMy WebLinkAbout0597 , ~ .S?~i~.•r•••~~•4b•.?.•.'~'.~.•.•.•.•.~.•.•.•.•.••4'.••'.•.'.~.•: •'.•.•.~.•.•.~.•~•.'.•.'.'.•.•.~.•.•.•.•.•.•.•.•,'.•.•.•.••••S.•I•' : ti \ ; ~ 3D,OQD...Q4._.._...._. . ~Y- _ . i9 7.8. . ~ FOR VAIUE RECEIVEO, th~ ved~~~i~sd, jointly a~d s~vually, PP,OMISE TO PAY to ths o?de~ of ; - ~HR~,STTAN R_ .~.._811d._~$O~Y .11~8 wi#e.. - . . - - . . ~ THIRTY...THOIlG~n ~o rIQ~J.AO._ - - - - - - - - - - - - - ' - DOLIARS, _ - - a~ 10~_N.F+..._.S~~.ri~_.1?~~.XC,---~~~1~4~A..~eB_~~3,. _F1o~.~dA. ~~45~ ,-------or such oth~r plac~ as th~ hold~ ; hsrsof ~r d~aM 1n wriNn~ t~o~th~r wltb Mtaest fron~ __i"1_~y../7.-----,--1-~78_. at tke raN of __..4..~. pK c~tum psr a~num on the unpaid balanc~ ue~il matu~itr. TM tsid printip~l and. i~t~r~st shall • 6e dw and pay~bl~ is foltows: ' ~ ~ ; ; Payable in one year from date of this Note or when the house is ~ ~ • completed and sold that is located on LoC 1$, Block 382. in MorC- ' ; gage herein. Interest payable quarterly; first payrnent due three ; ; (3) months from date of this Note_. - j . . . . , = n w«~ r. E.. ___1Q. ~r ~.r«.~ ..r ~..a.M.»~ ~ ~.r..~.~ M~eNf N MY 'M~ II~NNI. ~M wINM w~w ~Mw nw~iwiw~ S ~ ~~p,sd ,rlM W.nM daM M Ml~e'~ MN~w Me~w ~w aw~ NraW~ wi~w ~oKa. failw~ h~aKCIN wch ~~AiM c~itw~ ~ wai.~r ~Ir ;.ryti~ ~e ~~ci» ~M aw~ b dr ~wrr d sr?N~ww~ iMfwM. M+« ~ Md~ ~si'af ae~ ~ssw«I twt~t ~Adl ?~u ~wN~ a' .9 ew+rw p.. ~www~ rMii 11w ~+l~e~ ~w~n~n ~f tW NN fwN~ w+iw ~ww~~, wMia ~f ~ew~'~rw~w~ ~~e~NSt. K Nd~ M1~ b M~ ~W a~ ~ ~~hr?~r ~ tM ~aw~ b'I~a~ ~eri1? M a~y h~ s~M~diM, 11r wakka aw~ ~wi~es~n ti~oi M~ ~N e~us d t~lkt~i~w, iwiW~',n~ ~p swrt cesta ~wr rw~waN~ MNrw~y h~s. ~ ` ~ : ~ • ` ~ ~ ~ ` ~ . ~ ~ - - ~s~~ ti : WILLIAM H. McELHENY ; ~ : Att~sh - - - - - - - - -(SEAL) . ? L~I.N rtcELHEi~fi~' - ~ . ~ ; - , ~ ~ - (SEAI) ~6+~.#ri~4 ~~i~ib~~i'~i~i~i~i~i~i~i~~i2~i~i~i~i~ifi4~r~i~r~i!~7~i~i~i~i~i~i~i~r~i~i~i~i'~i~i~i'i~i~'i ~~i~i~s~i~i~i~r~~~i~i~i~i~i~i~i~r~i~i~.~i~i~?'~ifihO.~ . ~ _ . . and shal! duly, promptly and tWly perfotm, discharge. execute, ef[ect, complet~, comply w~th and abida by each + and every the stipulations, agreementa, cond~tions snd covensnts o[ ~?id promissory note and ot thii mortga~a, then thfs mortgage and the estate hereby crlated ah~! cease and be nuU ana to~d • f It i~ underatood that eac6 ot the wonU. "note," '~mortgagoY' and "mortgages" n9pectfvely and We pron- j ouns referring thereto. whether in the sin6ular or plural anywhere in this mortgage. shall be iingular if one oaly ~ and shall be plurnl jointly and sevenlly. it more than one, and aAait be maxuline, feminine and/or neuLes. whet~ ~ ever the context ao impliq or sdmlts. ~ ~ And aald Hurtgagor tor himseli and his heirs, leg~l represent~tives, succeason and aaslgn~, herebr oonen. ~ ants ana agrees to and with s~id ylortgagee; his 1e6a1 representatives, succeasors and assigiu: a 1. To pay all aad aiagular ihe principal and intere~t and the variwu and ~undry sums ot money pay~ble b~ ~ Wrtue of sald promfssory note, aad this raort~age. aach and every. promptly on ths daya respsctively Ws ~arn~ ~ iever+Wy becoma due. Z. To pay W aud singulu the t~utes, asseasmenta. levies, liabitiites, obtigations and lncumbcances of aver~ ; nature and kind now on eaid described property, and/or that hereafter may be imposed, suffered. placed, levied ~ or aasessed thereupon, and/or that hereafter may be levied or ssses~ed upon tAis mortgage and/or the indebted- ~ neas secured hereby, each and every. when due and payable arrnrding to law, beiore they become delinquent~ s and betoro any intere~t attaches or any penulty. is incurred; and in so far as any thereot is o[ record the aam~ ~ ahall be prompUy satistied and dischargcd of tecord and th~ original of[tcial document (such ss, tor iiutance. . ; :he tax receipt or the aaGsfaction paper ofrcially endoraed or certified/ shW be ptaced in the hands of uid ; Mortgagee withf~ !en dsys next atter payment; and In the event that any thercot is aot so paid, utistied and discharged. ssid ~Iortgsgee may et any time pay the same or any part therec~t without watving or af[ectir?a ~ ~ any opti~p. Ilen. equity or right under or by virtue ot this morigage, and the tuU amount o[ each and every ; sirch payment ahsll be immediately due and payuble and ahall bear interest lrom the dite thereot uaUl paid at the r+ata of ten per centwn per annum and together with snch interest shall be secured by the llen of LhL mortgage. . S. To place and cantinuously keep on ihe bwldin~a now or hereafte~ attuate on uid tand Are and windstona tn~urance in the usual standard poUcy form, in a s~m not lesa than ~fl_rfl.OQ...O_Q......_ 1n such cora• j pany or comp^nics aa may be approved by aaid Mortfia~ce: and ap ~uch insurance polieies on any ot iaid build- 3 ings, any interest therein or part thereof, in the aA~re~ate sum a[oresaid or in excess thereot, sh.W contain th~ ? usual standaM mortRagee clauae-makirtR the losa ur.dPr s~?id policies, each and every, payable to said Mortga. gee aa his interest may appear. and each and e~•ery sw•h policy shall be promptly delivered to and held by said ~ Mortgagee; and, not less than ten days in ad~•anoe of the expinttion ol esch poUcy, to deliver to ssld l~[ortgages ~ a nnewal thertof, toRether with a receipt tor th~ pr~mium of rn~h rpnewsl: and there shall be no such insur- ; ance placed on any ot 3ald buildinRs, aay interest thereio or part ihereo[ unlea~ in ihe form and with the Iwa ~ payabte as aloresaid: and in ~e event any sum ot money becomes payaDle under such polfcy or pollcia said # I~SortRagee ~hall have the option to receive ~nd apply the i+ame on ucouat of the indebtedaeas sccured hereby or = to permi4 said Mortgagor to receive end uac it or eny part thereof tor oiher purposa tvithout therebq walvins i or impairing any equlty, lien or riqht under or by virtue of this mortgage: and in the event sald Mortgsgor shs?11 ± tor any reaao~ tail to keep the said premise~ so insumd, or fdl to deliver pro~nptly any ot iald policia ot ~ Insurance to aaid MortgageG or tall promptly to pay fnlly any pretnium theretor. or in aay respect fafl to per- form; diacharge~ execute, eftect, compiete, comply with and abide by this covenant, or any part hereof. iaid Hortg. ? agee may place and pay [or surh insurance or any paK thereot withoni wafvina or affectin~ sny option, lien. z equity or right under or by viKue oi thfs mortgage, and the fuU aq~ount of each atM every wch payment shall ~ be immediste~j? due and payable and shaU beat intrreat trom the date thereof untfi pafd at the rate ot ten per ~ centum per anaum and together wltli iuch lnterest ~hall be aecured by the lien of thi~ mortaaga ! 4. To pernNt, comrrilt or auticr no waste, lmpsirmcat ar detarloratlon o! uld property or aar part thereot. . 6. 4b pay a11 tnd tingular the costa, chargea and expensesr 1ncluding reason+able Lwyee'~ fees and cwt ot abstracts of UUe. lncurted or paid at an~ time by safd Mortgagee because and/or In the ~rent d the fWur~ ott the part ot the satd Hortgagor to Quty. promptly and Nllr perlorm. dLcbarge. e~cecutq, eKect, coanplet~,, comply arlth aad abfde by esct~ and every the attpulatlons. aant~menta. conditlons aM oovenant,~ ot satd proreW- wr~? note. ~nd Ws mortgage. anr or efther. aad safd cast~. chasges and expet~ar each aad every. shW bs !na- mediately dus aad payaDle. wDetber or not thero be noUce. demand. attsmpt to ooliect ~ nUt p~ndlag: and th~ ' iW1 amount ot each aad every acA payment ahall b~ar fnta~eat troaf ths dat~ th~reot ~mt11 patd at the rRte ot tea p~~ cxatuai par aaaum: and W qid cwt~, cbar~es aaQ ~ ao jacutr~d oe.pal4 tosetber wftb wcb ia- terat, ~La11 b~ ~ecured bp t~ If~a ot Lm~ awrtaap. ~ { L ~ V? 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