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Home My WebLink About0515 a Tha Morlgugur hereby covenants wilb t,he Mortgagee~ that he is indefeaRibl aeized ot t~id laad in fee ~imple or such ot,6er eet~a6e, J ony us ie sls4ed ~erein; lLa6 he hes f ull power ~~nd l~ ul rig6t tb'boqvev the swrae aa ~toresaid; U?at tha laad is iree ~rom ~11 encumbrsnc~s except as herein olherwise recit,ed; tLat said~tortgagor will mske such furLher aeaurancxs to prove fbe afores~id WWe to eaid land in said Mortgagee aa may be reaaoa- ablyrequired, snd that said Mortgagoe does 6enby fully Muranb the tiWe to said taad~ and evory part thereot. •ad wriU defend the sams sgaiast tha lawiul elaima o! all pereons whom~oever. PROVinao AL~r~YS tbst i( t6e !~iortgagor e~all pay unto the Mortgagee fhat oeH~in promiseory note. o! which the following is a substant,ial ooPf~ b wi~: i 32,500.00 West Palm Beach July 31 •1~18 • Foa Vw~.us Rscsivsn~ the undereigned procniee(s) to pay to ~~~1, ~g~~y ~ a oorporstioa or6anised aad e~o~stio6 under tbe ~ bws d ohio . or order, the principsl aum of Zfiirty ZWo ~ousand Five Ht~dred arid No/100-- Ddlars (i 32, 500.00 wiW ;nterest lroac? d~te ~t the rst~e of Nin~e and One Half---- P~ centum ( 9 1/?!0) P~* aanum on t6e unp~id balanoe unW paid. The eaid principal aad iatereat ahall be payable st the o~ce of ~~ssell Qrn~, 30 Warder Street in S~rir~gf ield, Ohio 45501 , or et suc6 otber plaoe ae the holder maq deeignate ia delivered or mailed to the debtor, in monthly installmente of T„~o HtIDC~~ed Seventy-Zhree and 33%~?~ 273.33 oommencing on the first day ot Sep~t.enber , 1978 ,~?d oontinuin~ oa tbe firat dsy oi each month theree?fter until thia note is fully paid~ e:cept thst, if not sooner paid, the final paymeat oi principal and interest ahall be due and psy~ble on the 6rst dsy of Atx~ust , 2008 . privilege is reserved to prepay ~t sny Lime~ without premium or fee, t6e entire indebtednees or any par~ t6enw[ not las tban the amount ot oAe instiUment, or oae hundred doUaes (=100.00), w6ic6~rer ic leas. Prepaymeat 1n full shal! be credited on the date received. Partial prepaymeat, ot6er t6m oa an inst~llment due date~ aeed aot be credited untU the nent [oUowin~ inst~Jlment due date or thlrty days after such prepayment, whic6ever ~ earlier. If uny deficiency in the payment of any inatallmen6 under thia note i~ not msde good prior to the due dste oi tLe neut suc6 installment, the entire principsl sum and accrued intereat shsll st once beoome due snd pay- sble without notice st the opLion of the holder of thia note. Failure Lo ~ercise this option shall not oonstatute ~ waiver of the right to e~cercise tLe same in the event ot sny subeequent detault. In the event of detault in t6e payment of this note, snd if the same ie collected by sn sttorney-at law~ the undersigned hereby agree(s) t~o pay sll ooste of collectioa. including s reasonsble sttorney's fee. - Thia note is secured by mortgage of even date eacecuted by the underaigned on oertain pmperty described therein and represents money actuaUy used for the aoquisition oi eaid property or the improvemente thereon. Preeentment~ pmtest, and notice ue hereby waived. ^ - ~~~~c~ w. t~ ~Z« ; - ~t Doreen I~irx~ - [~J [s~?L] And shall duly~ promptly, and tully pertorm~ discharge, execute~ eBect, complete, aad comply with and sbide ' by each and every the stipulations, agreements, canditiona, and covenants of said promiesory note and of thie ~ { mortgage, t6en this mortgage and the estate hereby crested shall cesse and be null and void. ; 1'he Mortgagor further covenants as follows: ~ 1. Tbat he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, j ~vithout premium or fee, the entire indebtednese or any part thereof not lea~ than the amount-of one instaUment, or ~ one hundred dollars (a100.00), w6ichever is tess. Prepayment in tull shall be credited on the date received. Partial ~ prepayment, other t6an on an installment due dite, need not be credited unW the next following installment due date or ~ thirty days after such prepayment, whichever is eulier. ~ 2. ln order morP full~• to protect the sPCUrit~• o( tl?is mort~age, thc Mortgagor, together with,~and in ~ addition to, the monthlv pa~ments undei th~ terms of the notP spcured hPreb~, on the firsl da~~ of each month ~ until the said notc is full~ paid, will pa~~ to the :1+lortgagee, t~s trustee, (under th~ terms of this trust as herein- ~ Blter stated) the following su~ns: (s) A~ sum equal to tLe ground rents, if a~y, next due, plus the premiuma thst will next beoome due and payable ~ on policiea of fire and other hasard insurance coveriag the mortgaged property~ plus taxes and assessments next due on the mortgaged property (all sa estimated by the Mortgagee and o[ which the Mortgagor is notiSed) leae sll aums already paid therefor divided by the number of months to elapee before one month prioc to the date when Buch ground rents, premiums, taxes, and ae~ssments will become delinquent, euch eume to be held bq Martgageemtruattopayesidgroundrents,premiuma,ta:ee,andapecislss~easmenta. ~ (b) The aggregate of the amounta payable pureusnt to subparagrap6 (s) and thoeepayable on the note Recured ~ hereby, shall ~e psid in a eingle psyment eac6 month, to be applied to tbe following iteme in the order _ atated ~ (I) ground rents, ta~cee~ s~n~ta, 5re, and other hasard insurance premiuma; - ~ ,s (II) intereat pn the note eecured hereby; end (III) amortisation of the principal of eaid note. Any deficiency in the amount ot such aggre~ate monthly payment ahall, unless msde good by the Mort- ~ • gsgor prjor to the due date of the next such payment, constitute sn event of default under this mortgage. ; At Mo ee's o tion Mort or will a a"late char e" not exceed' four er centum 4) oi sn ~natall- ' ~ ~BaB P ~ ~88 P Y K ~8 P ~ % Y ~ , ~ ment when paid more tban fteen (15) days after the due date t6ereof to cover the extrs expense involved in ;5; handling delinquent pay ments, but such "late charge" ahsll not be payable out of the proceeda nf sny sale made to satisiy the mdebtxdn~s secured hereby, unlesa such proceeds are aufficient to discharge the entire ~ indebtedness and all proper costs snd expenses secured thereby. ~ 3. If the total of the pa~-menls mude b~ the Mortgugor under (a) of para~rnpl? 2 precedin~ ahall exceed ~ the arnount of pa}-ments actunll~ ma~l~ b~• t~~e 1lortgagec, as truslee, tor ground rents, taxes and as.gessmenta, ~ and insurance premiw~is, as thP case ma~•~be, such Pxce~ss shall be credited on subsequent pay~ments to be made ~ by the yiortgagor for such items or, ut ;~4ortgn~ee's option, a4 trustee, shall be refunded to Mortgagor. If, ~ however~ such mon~hly pa~•ments shall not tx~ suffi~•ient to pa~• su~h items when the same shall become due ~ and paS•able, then tlie :~lortgaR~~r shul) pa}• to th~ ~tort~e~ec, ns trustee, an~ amount necessary to make np ~ ~ , the deficiency. Such pa~•ment sl~all bc~ ma~~e within thirt~ (:i0) de~s sfter written notice from the Mortgagee ~ - ~ ststing the amoant of the defi:~ ~cp, which notice msy be given by msil et eny time the jVlortgagor ~hall ~ ~ ~ . . . _ - : s r ~ ; - ~a'~~' r"*~r~_ 2-'^`-~ .~f ~.a. +~7-ur'~. ,~s~ ?--~,.:~,,"-'a~'~.~ ~r"`~~i~,~~ ~ ' x ~ z~~~- ~~r ~~.~,~3"~"`'~~~~~~~~~ _s~~ ~w c ~ ~ ~ s - ~€.~z: . . . ~ .