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HomeMy WebLinkAbout2214 4t?ti~Si+44L~i~dr4~?r+aGi?•+L~~~64•.r~iS4~?+SJ.SiL*L•.~iS?1i~?4fr>~i f.._~~.~.Q.:QR-..-_ - Apr-31 » I9--- POR VALUE RKENED, the undt+eaipNd, ~oiMly and sevorally, PROMISE TO PAY le tM ordM of - - - - 2NDIAN PR~PSRTIES..~I~,µ.----- - '1'iiENTY-'OATS '1'HOUSA>!jQ _Q~ ~~1~~~...yl_.ANt?_-IlO~1~II------------ DOtI/11tf, at 88-_La~--Ola~~--Jet}~~~1..$4~0~,-..~!'~~?zif1A..~~45.Z---.......---------------- oa wch otha? plae~ as tl+a holder hereel nay to M wrilino teReNtelr with intonst from ____Spate._.1h~21t11i-_ab~YS.....-- - - at tM trNe et _ 1._ per aMwn per annum on rho unpaid balance until maturity. Tha said prindpal and interest shall bo dw and payable as felkvirs: $279.SZ a month, the first payalent being due one month from the date 'Q shown sbow, and continue for each month thereafter until paid in full. Thie sum of $Z79.g2 paid each month shall lirst ba credited to interest and the remainder to the principal of this obligation. Thie note may a be prepaid at any time without penalty. ~2 N ia/wN M wai t'wr ~.Q . Jars iw Ma prwarN d awy iwsta4wMws d ~riwcipa) « iahml « aver 'art rMrNf. M• wIM4 ssw Maw rewaiwiwa 1 YwMid wi16 iwheaM sAaM N IMWar's w/liww races dw awJ'arabla wiNMW woeie•. Failrrw N a,arciM sYCA Mfiaw sAsM wwf eewstifrh a waiver wf tAa ri~M N wa«siN IM sawn iw fl» awe wf srMgwwl Jafavlt. Aihr wMhrrihr twM'riweipal awd seeewd iwhraq shah Isar iwhhst at108 Mr eawevw pr awwwr •wl~ pid. TIM wakars aver aw~rwn ad Mb was hA1Mr wai~a dawana. wwticw wf wwwy,aYwsM sad 'rMasl. N Mis wwh „ veal fair M ~ aulrrily awd Ib sw a 'lae~ wilt aw alhwar f« ewlMd:ew. JIM waken awd ew~nan M.ael p?aa h day aft n+sM wf ewlMefiww. iwch~iaa alt evert 1 cwsb aw~i reaaewarb N[wewwy leas, .s R ,a ~ ~ (SEAL) aa. - - - - (SEAL) ti - - - - 1 ~ - - - - - - - - - - - - - - (SEAIj .~4~~1•~ri~i~I~I~.~.•1•i•1~14~.~i•?•I•I•1~.~1 i~I~1•.~I~?+.~?~.~~~i~1~1.1~i~1•i•i~i~i~ifl~I~i'.~1~i•I~i~i~I :•i~i i~i~i~i~i~i•i~i~ii~i~fiiS•ii•?•~~y4~ and shall duly, promptly and [ally perlorm, discharge, execute, effect, complete, comply with and abide Dy each and every the stipulations, agreements, conditions and covenants of said prum,ssory note and of this mortgage. then this mortgage and the estate hereby created shrill cease and be null anti vorcL IL 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 it one only and shall be plural jointly and severally, it more than one, and shall be tna.9culine, feminine and/or neuter, wher- ever the context so implies or admits. Md said Mortgagor for himself and his heirs, legal representatives, successoro and assigns, hereby coven- ants ana agrees to and with said Mortgagee, hie legal representatives, successors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable b 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 taxes, asses-aments, levies, liabilities, obligations and Incumbrances of every nature and kind now on said described property, 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- ness secured hereby, each and every, when due and payable according to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same shall be promptly satisfied and discharged of record and the original official document (such as, for instance, i the tax receipt or the satiataction paper officially endorsed or ceriifiedt shall be placed to 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 thereat M-ithout wai~•ing or affecting any option, lien, equity or right under or by virine o[ this mortgage, and the full amount of each and every such payment shall be immediately due and I~ay:,ble and shall bear inlernst from the date thereof until paid at the rate of ten per r_enturn per annum and t~~gether with such interest shall be secured by the lien of this mortgage. - E ~ 3. To place and continuously keep on the buildings now or hereafter altuate on slid land fire and windstorm insurance in the u-4ual standard policy form, in a sum not less than s.l]LlpId1C~-)~I]C@-_Df--~1Sln~sucfi~ rh parry or comp^nics as may be approved by said Diortgagce; and nil such insurance policies on any of said build- ings, any interest therein or part thereof, in the aggn:gate sum atornsaid or in excess thereof, shall contain the usual standard mortgagee clause making the lugs ur.~ier sa?d policies, each and every, payable to said Mortga- gee as hia interest may appear, and each and e~•e:y sn~•h policy shall be promptly delivered to and held by said Mortgagee; and, not less than ten days in adrance of the expiration of each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt far the premium of vnrh renewal' and there shall be no such insur- once placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss 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 on account of the indebtedness secured hereby or - to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, lien or rtRht under or by virtue of this mortgage: and in the event Bald Mortgagor shall a for any reason fail to keep the said premiers so insured, or fail to deliver promptly any of said policies of insurance to said Ilfortgagee, or fail promptly to pay fully any premium therefor, or in any respect fall to per- t form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said Mortg- _ agee 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, 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 at the rate o[ ten per g centum per annum and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, tmpairment or deterioration of said property or any part thereof. 6. To pay all and singular the costa, charges and expenses, including reasonable lawyer's teen and cost of abstracts of title, incurred or paid at any time by said Mortgagee because and/or to the event of the failure _ 1 on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect. complete„ t comply with and aMde by each and every the atlpulations, agreements, conditions and covenants of said promis- ~ gory note, and this mortgage, any or either, and Bald costs, charges and expenses, each and every, shall be Im• ~ 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 until paid at the rate of ~ tea per centum per annum' and all said cost, charges and a:peasea so Incurred or paid, together with such in- terest, shall be secured by the lien of this mortgage. f - r i ao~~~os ~aG~zz l.. _