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HomeMy WebLinkAbout2649 r' F 1 ?IIII>I~I~I~I~~~ P /I/P~PI~IPI,III11~iIIII1II1/II1I1I1I1I1I1I1I11i I/IIi 1111 iiIII111i1i 11i1i Ir.'~III/Ii 1 =i1. 111iI1/iilllrlillll/11iIi IIIIIII~iI11i~11~IJIIf, s ~o, COQ. co---- Nt'~y ~9 ; ' FOR VALUE RECEIYEO, the undersigned, jointly and severalty, PROMISE TO PAY to the order of l~li~ahcth L'vcc •ifty.Thou~and_rl.~lsi.~i.QI1QC --------------------------------------------------DOLLARS, ~r _P~ _G_ ~~`C-ZU~r -~x~~~yi~'•~ ~ _i~i011Cj3. ~2~:~Q or such other place as the holder ~ hereof tray dasignE,fe in writing together with interest from _ ~~~~`;y ~ l~ 1`~ at the rate of _ A_.... per centuln per annum on the unpaid balance until maturity. The :aid principal and interest shall ba dw and payable as follows: FK;N~~IPAL 1N`I't'.I2F~:;`P `I'CYI'!1L PAYi~rIF.1VT ~n .~J! ~ Y /G , 198., a, ~v; ~CO.OC ~n N`ay /G . , 10x1 't,, CCO. UC ig, Or_,C. CC t'a hlay 1~~2 I`, 000. C+~ •rCC;,1, ` Z`:, 'iOU. CC` ~_)n May /6 1383 1V, C00.00 ! , <<"C. CC 11, 'RUC. CC C~l1• MaY /6 , 1984 1C, CO i~CU. Ct.; 1:;, ~~~C.':C If deiwh be made ter ~5 d.ys in the paymcwt of aey incullment of priwcipa) or iMenst er any part therwf, the wfwle win r'.an nmainine unpaid with interest shall of bower's eption become dw and payable wdhout notice. iailun fa eae?cite such option shall not corstirute waiver of tM right to taercise tM saeae in the event of subsequent default. After maturity both principal and accrued interest dull 6ea? inNresr a1 1~ par centum •,sr anwum uwKl paid. TM ma`an and endonen of this note further waive demand, notice of nerr•payment and pretaff. {f this note is not paid al maturity and, the same is placed with an attorney for collect•oa, she nra~ers and endorsers hereof agree to pay all costs of collection, including ail court a.,ses and reasonable atterner has. _ ss • Ti>.i~ ~1~te ma;~ b~: prepaid ~~t ~.:_~l tir.:es an.i in 5~'%'!1 am~~:lnts m~.kur~~ ~3esir~. ti ~il~C/t' ~1 • B/Z~gJl~oCk (SEAL) Jars{ M. Brad:~~~~k _4ttest: ,FM,~c y Ag- /L~a.~Aock- (SEAL) r t ~ Er_~ily .•:i. 1?r~.ddock and shall duly, promptly and fully perform, dtarharge, execute. eftrrt, con,pletP, r•omply wtth and abide by each and every the st~pulaUons, agreements, condtttons and covenants of s:ud prom~ssvry note and of ttus mortgage. then thts mortgage and the estate hereby created shall cease and be null gnu ~ oi~i. It is understood that each of the words, "note," "mortgagor" and "monRagee" respectively and the pron- ouns referring thereto, whether in the singular or piural anywhere in this mortgage, shall be singular It one oNy and shall be plural jointly an:? sevenily, it more than one, and shill be rnarcttline, femtr•.ine and/or neuter, wher- ever the context so implies or admits. And said Mortgagor for himself and his heirs, legal representatives, successors and assigns. hereby coven- . ants ano agrees to and with said Mortgagee. his legal representatives, successors and assigns: 1. To pay sJl and singular the principal and interest and the various and sundry sums of money payable by virtue o[ said promissory note, and this mortgage, each and every, promptly nn the days respectively the same severally become! due. Z. To pay all and singular the taxes, assessments, levies, Gabihties, obligations and tncumbrances of every nature rind ktnd now on said described property, and~or that hereafter may be imposed, suffered, placed, levied or assessed thereupon, and/or that hereafter may br Irv~ed or asw•ssed 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 tticurrrd: and to so far as any thereof Is o[ record the same shalt be promptly satisfied and discharged of record and the origins! offtctal document (such as, for instance, the tax receipt or the satisfaction paper otficialiy eminrsed or certiGedl shall be placed fn the hands o[ said Mortgagee within ten days next after payment: rind in the event that any thereof is not so paid, satisLed and discharged, aa?d 1?tortgagee may at any time pay the same or any part thereof without waiving or affecting ~ any option, lien, equity or right under er by vtrtw of this mortgage, and the full amount of each and every such payment shall be immediately due and t+ayable :Ind shall bear interest from the date thereof until paid i at the rate o[ ten per centurn per annum and tngethr•r with such interest shall be secured by the lien o[ this ~ mortgage. j 3. To. place and continuously keep on the bu~lriin>;s now or hereafter actuate on said land fire and windstorm insurance in the usual standard policy form, in n Qum not less than s MaXlYC1L1Yn In such coin- ' • pang ar comp- n:~s as may be approved by Saul Mnrtgag~•e: amt all such insurance policies on any of said build- trigs, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the [ usual standard mnrtgagPP clause making the I~~~s uriirr Bard polirirs, each and every, payable to said Iifortga- a Ree as his interest may appear, and each ai:d P\•P:y srn h p~l~cy shall be promptly delivered to and held by said llfortgagee: and. not less than ten days in advance of the Px~iration of each policy,• to deliver to Bald Mortgagee a renewal thereof, together with a receipt for the prPmiiim of vii~h renewal: end there shall be no such insur- ance placed on any of said bmWinRs, any interest therein nr part Ihernot, unless in the form and with the Ines pavahle as aforesaid: and to the event any sum of money becomes payable under such policy or policies said ! Mortgagee shall have the opti~in to receive and apply the .ramp nn arrount of the indebtedness secured hereby or to permit sa;d ~tortgaRor to receive and use it or any part thereof !or other purposes without thereby waiving ' or impairing any equity, lien ei• right under er by virtue of this mortgage: and iri the event said Mortgagor shall s i for any rPasou [ail to keep the said prpmirPS so in.urPd. er tail to deliver promptly any of said policies of insurance to said l?fnrtfiaRee, er tail promptly to pay [idly any premium therefor, or in any respect fall to per- form. dtscharRe, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said Mortg- t ageP may place and pay ter such insurance or any part thereof without waiving or affecting any option, lien, ~ equity or rght under er by virtue of this mortgage. iind 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 cmtum per annum and together with such Interest shall be secured by the Gen of this mortgage. 4. To permit, commit or softer no waste, impairment or deterloratlon of said property or any part thereof. 6. To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of title, incurred or paid at any time by said Mortgagee because and!or in the event of the falltlre on the part of the said Mortgagor to duly, promptly and Stilly perform, discharge, execute, effect, complete, comply with and abide by each and every the stlpulatJons, agreements. contlitlons and cavenanb of said promis- i sory note, and this mortgage, any or either, and said costs, charges and expenses, each and every. shall be Im- ! mediately due and payable, whether er not there De notice, demand, attempt to collect or cult pending: and the full amount of each and eve such a 6 ry p yment shall bear interest tram tM date thereof flaw paid at the rate of ten per centum per annum: and all said ewL, charges and e:penw so incurred os palq, togetltar tadth such ta- tercet. stew be secured Dy the Ilan of this mortgap. L~~! ~U '.-sot ~ZV Y e S