HomeMy WebLinkAbout0659 I . . - . . , . ' '
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an~ s~~n~~ p~rJorm, comp~y u~ifh ond a61de 6y each anc~ ei~ery fRe agreemenfa. ~flpu~attoris, condttlons nnd
~nvrnanl: t6~r~u~. and o/ this mortnane. I?ir~i this morfgage and the eatata here6y c~atecl, shall cewe, de- ~
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fe?min~ an~~ ~?e nu~~ an~ roi~~.
T1~ I~i~ mort,yanor ~~w~~tiy (urt~ier co~~enanfs untl agrees fo pay prompf~y wleerr due the principal and
int~rnsl and olh~r ~um~ oj mon~y provi~Ipcl Jor in said note and lhis mort9oge, o~ eilher: to pay aU und ,
stngu~ar f~~e lax~s. ass~ssmvnfs, ~evies, ~iahi~ilies, o6lif~aliuns, ancl encumbrances of euery nafure on said pro-
pprly: fo p~~rmil. commif or su(~er no U~GS~P. impairmen! or ~eleriorafion o~ saicj ~and or Ihe improveme~b
IhNrni-n al an~ fim~: lo Ir~•~p 11~~ buildin~s nou~ or here~ft~r o~~ said ~and ~u~ly insttre~ in a sum oj not ~ess
than highest insurable value.
in o~Y~mp~ny or ~-ompar~i~~s ACCP~)IA~~Ie fo Ihe mortgag~p. the policy or po~iriea lo be held 6y, and puya6le
to, saicl mort4~ng~~, anc~ in I~~P ~~~enl any sum oj mon~y hecomes ~ya6l~ 6y virlue o~ sucti insurance Ihs
morfga,y~p sl~all hai~~ fh~~ ri~~hf to ?M-eii~P and apply tl~e same to ihe inde6tedness here6y secured, accounting
lo t~~ mo?fgnnor ~or any curp~us: lo pay a~~ cosfs, c~arges, and expensea, inc~uding ~awyers ~ees and fil~e
sean'I~~s, reasonnl,~y incurrerl or paia hy ttie morfgas~ne 6ecause o~ !he (ai~ure of fhe mortgagor to prompf~y
~ an~ Ju~ly ~•on~~~~y u~it~~ fl~p agra~m~nls, sfipulalions, condilions and covenants o~ saicr note and~fhis morfgage.
or Pifl~~r: to pPriorm, compfV wiiFi o?ttI aI?i~~e Ly eail~ uncf ~u~ry t~e a~reFmsnls, atip~~~llotts, ro?e~ifiens ssnt~
co~~~nanls sc•t ~orf~~ in sai~ nole and l~is mortgage or eiif~e~. /n Ihe event the morfgagor (ai~s !o pay u~~en
clue any tax. assessm~ni, insuranre premium or ofher sum of money payu6le 6y virtue of saec~ note and. tl~is
mor!{~ng~, or ~if~~er, fhe mort~~a~~~e may pay ftie same, withouf waiving or af
jecfing t~~e option to ~orec~ose
o~ any olh~~r ri~~hl {~~r~~oul~r, an~l all suc-h paymenls s{~aII benr interpst (rom date fl~ereo( nt the I~tgl~est ~nw-
'11' ~(I~P ~~IPII U'~nl/~l!!~ ~!V ~'IP IAII~S O~ ~~IP I~Q~P OJ I~~O/I~A. .
nny sum o~ mm~~v ~u~rein rp(~rretl fo i~e not prompfly pait~ within 15 dayt nexl a~fer
f~i~ samP br~om~s ~uP, or i~ earf~ anc~ ~nery 1{~e a~reemPnfs, stipulafions. conditions ancr covenants of saic~
note and this m~~rfc~at~P. or ~itl~~r, are nol ~ully perJormec~. complied witl~ and a6~dpd 6y, 11ten tlte entire
sum menlion~d in said not~, an~l this mo~tyugN, or th~ enlire 6a~ance unpnid t{~preon, shn~l ~ort6wifh or
I~erea(ter, at fti~ oplion o~ 1~~~ morfyn~~~, f~~'ome an~~ he due and paya6le, anyf{~ing in saic~ note or ~erein
to t{~e c-onfrary notiril{~slan~in,ry. I ailure {~y f~~ morlgageP fo Pxercise any o~ the rig~ts or opftons herein
proric~ec~ s~~a~~ nol ronslilul~ a u~ai~~rr o~ any rin~is or oplions under sai~ nofe or fhis morfgage act'?ue~ or
f~~rr~a~f~r u~cruincl.
See "Exhibit A" attached hereto and made a part hereof.
~ ~n ~itness ~hereof~ Ilu~ sai~I mo?fgayor I~as I~erPUnlo si,4~p~ anrl sealed tl~ese presents t{~p
~ d~iy a~~~l y~pr J~rt~ n6o~•~~ ~~~r~u~?~. THIS IS A BALLOON MORTGAGE AI~D THE FINAL PAYMENT OR THE
BALLOON PON MATURITY IS g73,000.00 TOGETHER WITH ACCRUED INTEREST, IF ANY, A"JD
S~9n , s~a ~I and d~li ~ in ttie prns~ncP o~: LL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER .
THE TERMS OF THI~T AGE.
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; KENNETH P. RAY and
; ANTH9t ...J. ..:La- F - - a..----...
~ . _ - - NEW YO : P~tOF~: CORP TION
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~ neth P. Ray, Presi en-
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~ f I NEREBY CERTIFY that on this day, be(on , an
° of(i~~r duly authorir~d in th~ Stat~ a(orcsaid and ir{ the County aforrsaid to tak~ a~knowledqmenu, pe y appeared
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~ j to m~• knuwn tu Fw• thr prrson d~scrilxd in and who r7C~fUI!'d th~ (or~qoinq i enl and he acknowledRed
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~ I Im(orr ~ne that ~1e cx~~uted the samc.
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a ~ ~~'ll \ESS my hand and of(icial zeal in thr County and last afor~sai~l this day of
~ A. D. 19
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~ ( Notary Sea ~ Notary Public
° i My Commission expires~
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%lru Iiwm~~?~n~ prepnnd hy: Larry M. Stewart , Attorney
- 401 E. Osceola St. Suite 142 ~~1 ~+~p
~ ~ r.~_~t~_ ~f7A[]A ~r'`~ ~~AL: U C7