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~o ~ue and to ~told I~~e same, tc~elher wil{~ ttie fenemenls. Iiereclilumenls and uppurfN- i s
~ nnnres 1{ipreto tie~on{~inn, an~l ftie r~nfs, issues anc~ profiis t~ereoj, unto f{~e morlgagee, In jee simp~e.
rt a ee Ihat Ihe mwl a or is inde easi6ly seized oJ said ~
111~1i 1{~~ ?norlfla~or ~ oi enanls u tfh Ihe mo g g 9 9 ~
land in Jre simple; ~I~at Il~e mo~lgago~ has good rigi~t and luw(ul authority to conuey ~atd la~~d cu aforo•
saic~; fhal f~~P morfflaflor u~i« make suc~ ~urther assu?unces fo per{PCt fhe fee eimple title to said jand in f~e
mort{~a4ee as mny rnosonaE?~y I~e required: f~at the mortgngor hereby ~u~~y wunanf~ Itie fif~e fo said ~and ~
i and u~ill de~end Ihe same against lhe Iaw/ul claims o~ all perso?u whomsoever: and that sa~d l~nd jree
~ and l'IPA~ o( all PIICtlI11UI'OIICPS .
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~ ~rou~ded ~lways, f{~at i( said morlgagor shall poy unto said mortgagee the certain romis-
I in orporated by reference ~lierein,
~I sory note hereina~te~ substunfia~~y copie~ or ic~enlijietj~to-w~:
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A promissory note (or notes) has been this date signed in the total
' original principal sum of One Hundred Fifty-Five Thousand ($155,000.00
and no/100 Dollars, which note (or notes) is secured by this mort-
; gage. The terms of payment are that the total amount is to be paid
~i in three hundred forty-eight (348) equal monthly installments of
One Thousand Three Hundred Sixty-Seven and 85/100 ($1,367.35) Dollar , !
' including interest at the rate of ten (10$) per cent per annum, with~
~ each installment first being applied in payment of interest and then~ ~
' on the unpaid balance of the principal sum. ;
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' The.note (or notes) provides for prepayment in whole or in part ~
! without premiwn or penalty, and that any such prepayments must be
'i applied by the payee against the existing first mortgage. No pre- ~
payments may be made during the y8ar of closing which would cause ~
~ the~loss to the mortgagee of the installment sales provision of the ;
~ ~ Internal Revenue Code. ~ ~
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~ The first payment on the note (or notes) shall be due on the 8th r
` ~ day of July, 1979, continuing thereafter on the 8th day of each and ;
` ~ every month until paid in full. ~
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