HomeMy WebLinkAbout0556 ~%'.'.95.lr4`LL4t.`~ti~.r.s?S?~i't.LL•.ri•.S.•.•.•.'.•.LS.'.'.L•.4•~~i~i
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27,870.00 February 1, 79
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FOR VAWE RECEIVED, th~ und~ni~n~d, joiMl s~d sev~~ally, PROMISE TO PAY to 1h• ard~r of
_ _ __Bruce .W.__ Parmenter ar,d ~orothy Kathleen_. Parmenter~__ his..wife.~__ :
TWENTY SEVEN_ THOUSAND, ~I~H~._.}1jJNpIt~A._SEVFNTX..AND._NQ/.1D0 -------------DOttARS, ~
Venture_.Harbor_~,__Route _ 2~ __Jensen_ Bea.~~_ ~LQ~7id~.._3345_7__._ or such o~her plu~ as th• hold•r ~
herwf may d~si ~ah in wrilinp fo~ether with inte.est from date...shown..at~ov~._ ~
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at the ~ati~ of ~0$_._ p~r c~Mum per annum on tha unpaid bala~ce unlil m~turifr. The said pri~cipal snd i~te.est shsll ~
be due and payable ~s follows: .
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; 5370.03 a month, the first payment being due one month from the date
shown above, and continue for each month thereafter until paid in f.ull.
; This sum of $370.03 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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N d~lavM be ~ad~ fw 30 d.r. iw 16e p~~n~~nl of anr ina~dlnKnt ei prie~iPal er inhr~al er •wr pae~ ~M~eef. N~~ wiwb suiw ~6~w r~w~~:w:n~ ~
: unpai~ vniM u~Nnsf aAall IMIA~~'a ep1»w b~cewu dw awd payabl~ ~rifl~~W ~lat~t~. ~~iIYI~ te •:~rs:s~ svaA ~ptiew sA~ll ae~ conuifvft a w~iv~r el tM ;
.~gb~ •a~nia~ ~M uw~ iw M~ •~~w1 ~1 avb»q~ew~ +fIaYI~. All~f ~~tvriryr MtA pr.ncipal ~nd •cuwJ inNreu ~6aN be~r iwNe~t~ sl ten ~r ieehrw~ ~
~ p~r ~nw~w wtil O~iJ. TM wu~~tt anr •nd~~~~n ~f IAis n~~~ ~u~tA~r wsi~~ d~maed. wot~i• of now~~y~w~w~ ~wd pre~t~t. I! ~6n w~t~ i~ not Pai~ a/
: mawriq ~wr tM uwK ia pl~~~d vri~k ~w starn~r fer ~elbd.en. ~6~ wuk~n ~wd ~wden~n I~~~eo! sy~e• p~r aU ~esH e( colka~. ind~d:w, all eevrf ~
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~ ~ - - - ~ - - ~-'-ti,.- ' - _ 1. : _ (SEAI)
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Attest• / _ 1~ • ~':~'-r-`,- (SEAL)
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(SEAL)
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:...~as. . . . . . . : .................a.
snd shall duly, promptly and fully periorm, d~acharge, execute, ef[ect, complet~, comply w~th and abid~ by each
and every the stipulitions, agreementa, conddiotu and covenanta o[ stud prum~ssory 'note end of thii mortga~s.
then this mortgage and tt~e estate hereby created shall cease and be nuU ano void. ,
It ia underat«?d that each of the wonls, "note," "mortgagoY' and "mortgagee" reapectlvely snd the pron-
ouna re[erring theret0. W?hether in the aingular or ptural anywhere in thla mortgage, ahall be singular it one oNy
and ahall be plntal iointly and aevetally, it more than one, and ahall be mnsculine, teminine and/or neuter. wher~
e~er the ooniext so implies or admits.
And aald 3dortgagor tor himaelt and hia heirs, lega! representativea, auccessors and asslgns. hereby coven-
ant~ ana agtees to and rvith said Mortgagee, hia legxl repreaentativea, successors and as~igne:
1. To Ray W and aingular the prlncipal and interest and tde various and aundry suma o[ money payable by
virtue o[ said promiasory note. aad thi~ mortgage, each and every, prompUy on the days reapectivelq the same
scverally become dua.
2. To pay all and singvlar the tsuce~, asses.~ments, levies, liabilities, obliKations and incumbrances ot every
nature and kind now on eaid described property, andlor that hereatter may be impoxd, auttered. placed, levied
or assessed thenupon, and/or that hereatter may be-levied or assessed upon th?s mortgage and/or the indebted-
ness eecured hereby. each and e~ery, when due and payable according to law, betore they become delinquent~
C snd betore any interest attaches or any penalty rs incurred; and in so tar as any thereot ia oi record the same
~ nhall be promptly satistied and discharged of record and the onginal otficial document (auch as, lor inatance.
! the tax receipt or the satiataction paper oificially endorsed or certlfied) ahall be pldced tn the hends of said
Mortgagee within ten days next after payment; and in the event that any thereot is not no paid, aatistied and
~ dfscharged, sald Mortgagee may at any time pay the same Or any part thereot w~ithout wai~~Ing or attecting
any option, lien, equity or right under or b~ ~•~rtuP of this mortgage, and the futl amount of each and every
~ such payment ahall be immediately due sn~1 payable and shall bear interest from the date thereoi untll paid
j at the rate of ten per centurn per annum and together with such interest ~hall be secured by the lien of this
~ mortgage.
3. To place and continuously ke~p on the bu~ldin~a now or hereafter eituate on said land tin and wlndstorm
inaurance in the uaual standard j?olicy ferm. in a sum not les~ than i.- in such com-
pany or comp^nics as may be approved by sai~l I?fort~n~~e: and all such insurance pc?licies on any of said build-
1nga, any inierest therein or part thereof, in the a~~r~Rate aum atoresaid or in excess thereof, shall contain ths
usual standard mort~agee clauae makinR the lu~s ur.d~r s%tid policiea, each and every, payable to said Mortga-
gee as hia interest may appear, and each and e~•Pry su•-h policy shaU be promptly delivered to and held by eaid
~ Mortgagee; and, not less than ten days in ad.•anre of the expiration ol each poticy, to deliver to swld l~tortgagee
a rene~val Lhereof, toRether with a receipt tnr the premium nf aii~h r~newal; and there ~hall be no such insur-
ance placed on any of said buildinR~. any interest therein or part thereof, uNe~ in the form end with the losa
payable aa a[oreaaid: and in the e~ent any aum ot muney becomes payable under ~uch policy or policiea said
MortRagee shall have the option to r~eceive and apply. the same on account ot th! indebtedneas aecured hereby or
to permlt said Mottgagor to receive nnd use it or any part thereot for other putposq witbout thereby waiving
~ or impalring iny equity, Ifen or riRht under or by virtue of this mortgage; and in the event said Mortgagor ehall
for any reason tail to keep the said premts~s so in4umd, or fail to deliver prompqy any ot said policies ot
insurance to aaid 1liortga~ee, or fail pmmpUy to pay fnlly any p~emium thenfor, or in any reapect tatl to per--
~ form, diacharge, execute, ettect, complete, comply K~th and abide by this covenant, or any part hereot, aaid Mortg-
~ agen may place snd pay for auch insurance or anv part thereof withoui vvafving or atfect3ng any option. }ien,
, equity or rlght under or by virtue of thi~ mortRage, and the full amount of each and every such payment ahall
be lmmediately due and payable and ahall bear intPrest from the date thereot unt11 patd at the rate of ten per.
~ centum per annum end together with auch tnterest ahall be aecured by the lien o2 thls mortgsge.
~ 4. To permlt, commit or suffer no a•nste, impairment or deterlonUoa of sald pmperty or say part thereot. ~
~ 6. To pay all and eingulu the cwta, chargea and expenses, including reaaonable lawyer's teee and coat ot ~
abetracts ot tiqe, incurred or paid at any ttme by eald Mortgagee because and/or 1n the event oi the tailure
~ on the part of the said Mortgagor to duly, promptly and Nlly peKorn~. discharge, euecute, effect, complets.
~ oomplq with and abide by each and every the atlpulaUons, agreements, conditlons and oovenants of eaid promL- ~
~ wry note. and thls mortgage. any or dther, u~d safd co~ts. 'chsrges and e:penses, each and every, shall be Im-
medtately due ewd payable, whether or not there be notice, demand, attempt to colkct or suit pending: and ths
~ l1i11 amount ot esch and every such payment ahall bear tnterest irom ths date Wereof until pald at the rste ot
ten per centum per annum; and all anfd coste, chargei and expenss~ ~o incun+ed or pai~, Wgether w1W suc6 !n-
~ tereat, ~hall be aecured by the Ilea o! thb mortgage.
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