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Home My WebLink About1670 ~ ~ 15.530.00 Stuart February 14 79 s Ftaida 'Franc s ran and FOR VALUE RECEIVED, tM node rand, to fly and savafsMy. PROMISE TO pAY to iM atlas of Fidelis F. Grant h~s w~fe. FIFTEEN THOUSAND FIVE D o • ool.lr?RS, 2 917 Jones Avenue , Anc orage • as a e? aucA ether place tM Aoldar at huwf may dasiynata in writitq, taptltM with nttarast frotr+ data at rat of par ntu eum on tM unpaid balance until n?aturity, on or'~ie `ore Judy 2~ . ~1~3~ . Th• mid principal sod intNaq titan ba des and payalfN V u detautt oe maw +or 30 Bays to IM payment o/ any IMbllment O+ Orlntlpa~ or tnl•nft or any Oan tMreO+, tM wAOt• sum then r•malnlr,a u~OalO w~lh interest fnall al AOIdN'f ODtlon MCOm• dW and O,yaW wltnoul r,ollce. F~Ilwe to exe.tlf• f1Kh OOIiOn Mall n01 coot:fete a wa1Wr Of tAe runt to •xercls• the fame In tM event o+ fupf•quent d•lau~t. AttN malurttY oolh prlntlpal and acfxue0 Int•reft ft+au osa? tnt•rsst at p•? centum per ,nnum unik patd. Tn• makers and endorf•rf Of lhlf note rurth•? wales demand. notlq o+ nonpayment and protest. 11 thlf note If not Oald at matwlty and tM fame If pUceA. wltA an att0?ney fdr COllettlOn, tM makers tl •ndotM?f hgWt ,arN t0 pay 111 costs O+ c011•ctlorl, (ncltrdln' all eOWt costs an0 reasonable attorney tNf. A 9 G ~ (SEAL) Ellen M. Klama . (SEAL) wrncc GMyq•, „1/u, ,MMM ~ ~ f and shall duly. promptly and fully perform, discharge. execute, effect. complete, comply witl? and abide by each and every the stipulations, agreements. conditions and covenants of said promissory note and o[ this mortgage, then this mortgage and 'the eswte hereby created shall cease and be null need void. It is understood that each of the .words, "note," "mortgagor" need "mortgagee" ral,ectively and the pronouns referring thereto, whether itt the singular or plural an}•where in this mortgage. shall be singular if one only and shall be plural jointly and severally. if 'more than one, and shall be masculine, feminine attd!or neuter, wherever the context so implies or admits. And said Mortgagor for himself need his heirs, legal representatives, successors and assiqus, hereby covenants and agrees to and with said \[ongagee, his legal representatives, wuesson and assiqus: ~ - l. To "pay all and singular the principal and interest and the carious and sundry sums of money payable by virtue of said promissory cote, and this~mortgage, each and eery, promptly uu the days respectively the same severally become due. 2. To pay all and singular the taxes, assessmeftts, levies, lial,ilitics. obligations and irteumbrances of every nature and kind now on said descrilxd property, and/or that hereafter may Ix imp,sed. suffered. placed, lewd or assessed thereupon. and/or that hereafter map be levied or assessed upon this mortgage and!or the indebtedness secured hereby. each and every. when due and payable according to law, before they become delinrluem, and before any interest attaches r?- any penalty is intoned: and in st, tar as any thereof is of record the same shall be promptly sttis(itd 9nd dischar>;erl of record and the or- E iginal official document (such as. for instance, the tax receipt or the sati•tactiou payer officially eudorsecl or certified) shall be placed in the hands of said ~lortgagee within ten days next after p:,}ment: and iu the event that nose thereof is not so paid, satisfied and discharged, said ~longagee may at any time pa}• the same or any part thereof without wais•iug or a[(ect- `snq any option. lien. equity or right under or by virtue of thn mortgage. and the full amount r?f each and every such pay- meat shall be immediately due and liayable and shall bear interest from the date thorn[ until paid :~t the rate of ten Ix'r centum per annum and together with such interest shall be sec?tred by the lien of this mortgage. 3. To place and continuousl}• keep on the buildings now or hereafter situate on said land fire and wird•torm insur- ante in the usual standard policy form, in a wm not less than the hi;;hest inswable value, in such coml,auy or u,arl,anie, as may be approved by said ~lortgagee: and all such inwnnce policies on any of said buildings, any interest therein or part thereof, in the aggregate wm a[o:esaid or in excess thereof, shall cottuin the usual standard tstorcgagce clause making the loss under said policies, each and every. payable to said ~IortgaRee as hie interest may appear, and each and es•ery such policy shall be promptly delivered to and held by said Mortgagee: and. not less than ten days in advance of.the expiration of each prdicy, to deliver to said Afortgagee a renewal thereof, together with a receipt for the premium of such renewal: and these • shall be no such insurance placed on any of said buildings, any interest therein ur part thereof. unless in the -form and with the loss payable as atortsaid: and in the event any sum of money becomes payable under such policy or policies said \fortKagee shall have the option to receise and apply the same on account of the indebtedness secured berth}• or to permit said ~Iortga- qor to receive and use it or any part thereof (or other purposes without thereby waiving or impairing any equity, lien nr right under or by virtue o[ this mortgage: and in the event said ~tortgagor shall [or any mason tail to keep the said premises so insured, or fail to deliver promptly any of said policies o[ insurance to said ~tortgagee. or fail promptly to pay fully any premium therefor, or in any raped tail to perform. discharge. execute. effect. complete. comply with and abide by this cm•- enant, or any part hereof, said Atortgagee may place and pay for such inwnnce or any part thereof without waicittq or affecting any option, lien, equity or right under or by virtue of this mortgage. and the full amount o[ each aftd 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 wch interest shall be secured by the lien o[ this .mortgage. 4. To permit, commit or wt[er no waste, impairment or deterioration of said property or arty part thereof. 5. To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost n[ abstracts of title. incurred or paid at any time by said Mortgagee bepttst and/or in the event of the failure on the part of the said Mortgagor to duly. promptly and [ally perform, discharge. execute, effect, complete, comply with and abide try each and every the stipulations, agreements, conditions and covenants o[ said promissory note, and this mortgage, any or either, and said.cnsts, charges and expenses. each and every, shall be immediately due and payable, whether or not there be notice. c1e- tnand, attempt to collect or wi[ pending: and the full amount of each and every such payment shall bear intemt front the date thereof tmtil paid at the rate of ten per centum per annum: and all said Doses. chargesti and expenra so incurred or paid. together with such interest, shall be secured by the lien o[ this mortgage. - f BOOK 3U3 PAGEIVUO . - _ _ ~r - r. - -at,.. - , -