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HomeMy WebLinkAbout0327 i ' ~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 . I ~ . ~ I + ~ r ~ i ~I _ : I ~ I' : } ;l ' ~ ' i i i ~ C I ~ ~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~: i 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. ; ; , ' 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. ~ ~ ; ~ ; ~ 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. ~ 4 ~ ~ i ~ ~ Y ~ j ~ ~ ~ r ~ ~ i S _ s ~ S ri 11 1~ ;i ~ s ~ `s_' ~ , ' I ~ ` ~1 {1 ~ li ~ ~ ~ ~ ~ ~ i~ ~ ~ ~ ~r ~ ~ I ~a~~ ~1~ ~a~: 3z~ f ,I ~ i ~ ~ ~