HomeMy WebLinkAbout2722 ~•.L ~ tf.SA.LLt?E.f.L4S.~.S.4Otr~•4L'•LLSrS?i?~.4L46?~?Lt'iL•.~ ~•'.S?Z.4•.•.jrfr+?•tibOtit? w•
s 12, 000.00 _ January 18 19 79
FOR VAWE RECEIVED, tho undeni9ned, (ointly and sevorally, PROMISE TO PAY to the order of .
a TY~EL.u~._THS2u~Atl~_sANR..NS?1.1.O.Q-------------------------------------------. DOLLARS,
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at --.2.9_.~lLi3.LSD_,~~Xe~.~,_••1;5?Chl;&~~~-,.. ~W.--XQXk...~4~i~Q..-----------------•-•---.. or such other lace oa the holder
hereof stay dedRnate in writin0 together with Interest front -date---shown-•-above-- - - -
at the ?ate of _.._.._9}~...--_---- per centum per annum on the unpaid balance until maturity. The said principal and intereitt shall
be duo and payable as follows:
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$252.03 on the 18th day of February, 1979 and continue for each
month thereafter until paid in full. This sum of $252.03 paid
each month shall first be credited to interest and the remainder
to the principal of this obligation. This note may be pre-paid
at any time without penalty.
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- ~~L - - ~ - (SEAL)
Charles E. Sti h d
Attesh (SEAL)
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- - - (SERI)
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and shall duly. promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each
and every Lhe stipulations, agreements, conditions and covenants of card prom,ssory note and of Utis mortgage.
then this mortgage and the estate hereby created shall cease and be null ana eo~d.
It is understood that each of the words. "note," "mortgagor" and "mortgagee" respectively and the pron-
ouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one oNy
and shall be plural jointly and severally, it more than one, and shall be masculine, feminine and/or neuter. whe~-
ever the context so implies or admits.
And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
- ants ana agrees to and with said Mortgagee. his legal representatives, successors and assigns:
1. To pay ail and singular the principal and- interest and the various and sundry soma of money payable by
virtue of said promissory note, and this mortgage, -each and every. promptly on the days respectively the same
severally become due.
2. To pay all and singular the [:aces, asses.~ments, levies, liabilities, obligations and incumbrances of every
nature and kind now on said described properly, and/or that hereafter may be imposed, suffered, placed, levied
or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
- Hess secured hereby, each and every, when due and. payable accoMinq to law, before they become delinquent.
and before any interest attaches or any penalty is incurred; atSd in so far as any thereof is of record the same
shall be promptly satisfied and discharged of record and the original official document lauch aa, for instance,
the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said -
Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said Mortgagee may at any time pay the same or any part thereof v~~thout wai~3ng or affecting
any option, lien, equity or right under or b~• virtue of this mortgage, and the full amount of each and every
such payment shall be immediately due and payable and shall bear interest from the date thereof until' paid
i at the rate of ten per centum per annum and tug;ether with such interest shall be secured by the lien of this
~ mortgage.
3. To place and continuously keep on the bu~ldin~a now or hereafter situate on acid land fire and windstorm
insurance in the u-aual standard policy foFrn, in a sum not less than i ~-Z•%-~- OOO--~---~-~-----•--•. 1n such com-
pany or comp^aies as maybe approved by caul l?fortgarce: and all such insurance policies on any of said build-
ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the
usual standard mortgagee clause making the lugs under s•3~d policies, each and every, payable to said Mortga-
gee as his interest may appear, and each and eve: y s~u-h policy shall be promptly delivered to and held by said
1liortgagee; and, not less than ten days in advance of the expiration of each policy, to deliver to said Mortgagee
k a renewal thereof- together with a receipt fir the premium of sn~h renewal: and there shall be no such insur-
~ ance placed on any of said buildings, any interest therein or part thereof, unlev in the form and with the lose
payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies said
~ Mortgagee shall have the option to receive and apply the same nn account of the indebtedness secured hereby or
to permit said Mortgagor to receive and uQe it or any part thereof for other purposes without thereby waiving
or impairing any equity, lien or right under or by virtue of this mortgage; and in the event said Mortgagor shall
for any reason [ail to keep the said premises so insured, or fail to deliver promptly any of said policies of
insurance to said 1lfortgagee, or tail promptly to pay fully any premium therefor, or in any respect fail to per-
form, discharge, execute, effect. complete, comply with and abide by this covenant, or any part hereof, said biortg-
ages may place and pay for such insurance or any part thereof without waiving or affecting any option, lien,
equity or right under or by virtue of this mortgage, an3 the full amount of each and. every such payment shall
be immediately due and payable and shall bear interest from the date thereof. until paid at the rate of ten per
centum per annum and together with such Interest shall be secured Dy the lien of this mortgage.
!
To permit, commit or softer no wa,te, impairment or d~terlorstlon of said property or any part thereof.
pay aD and singular the costs, charges and expenses, including reasonable lawyer's fees and cost of
~ 6. To
r abstracts of UUe, Incurred or paid at any time by said Mortgagee because and/or in the event of the failure fi~
on the part of the said Mortgagor to duly, promptly and hilly perform. discharge, execute, effect, complete„
rnmply with and abide by each and every the stipulations, agreements, conditions and covenants of said promla-
gory note. and this mortgage, any or either, and said costs, charges and expenses, each and every. shall be !m-
mediately due and payable, whether or not there be notice, demand, attempt to collect or salt pending; and the
full amount of each and every such payment shall bear interest from the date thereof unW paid at the rate of
ten per centum per annum- and ail said costa, charges and axpenase eo incurred or paid. together with such ln-
terest. shall bs secured by the lien of this mortgage.
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- e~~i 301 PA~E2717 _3
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