HomeMy WebLinkAbout2513 • . . _ ~
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~ 7 200 00 JU1~/ 17 r.._.. 1l79 t
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~ fOR VAIUE RECEIVED, th~ und~ni~n~d. joinlly snd s~v~~ally, FROMISE TO PAY to th~ o?dt? of ~
- ---F.RAI~...LEHM~~IN__----__-•---•---•------•-----•- - . '
SEUEN._.THOU&AN~._THlO .HUNDRED...ANL?..NQ .1~.Q_..-.---_-----------------------.-- . DOLLARS: ~
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at 1?.~. .CdLDOSQ._.QL..a:-.PC~It...S.t..._ LUC7.~F.._F1QY.~.dd-----3.34.~.2 or such oth~r plac~ as th~ hold~~ ~
h~nof may d~siynat~ III W~11R~ 100lfFf~t with inter~st f~om .._-•----.d,dt~~...h87CeQ~..
: at th~ nt~ of ...10_$._._...... p~r c~ntum p~r annum on th• u~paid balsnce uMil matu~ity. The said principal and i~te~est shall ~
be du~ snd payable as follows: ~
$152.98 on the 17th day of August, 1979 and $152.98 or more on the ~
~17th day of every month thereafter until the total sum be paid in
; full. The entire balance of principal and interest remaining unpaid
as of July 16, 1984 shall become payable in full. This note may be ~
pre-paid at any time without penal.ty. ~
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~ H~/~~h b~ wad~ /w . 15 a~ya iw IIK paymewl ~1 Mr i~ft~llwwnt d printip+l ~r iM~nsl ~r aw~ PsA tlKn~/, tM rrl»b s~rw fMw n~w~iwin~ ~
: uwpii~ wAh iwheest sAaQ ~I MI~~'s ~~?~ew lt~~rw~ dw ,wJ P~rabl• will~~vf nefic~. F~il~n t~ •a~rcis~ ~~ch Mfi~w aw~N wN tons~ifuN a w~iv~r ~1 ~M ;
.~yM 1~ •w~ciN tM s~~w iw tlw •v~wl e/ fY`f~qY~IH ~~la~h. AN~r ~natwitp b~t6 priwi~pal aw~ ~ccrwd iwhnsl ~AaU b~~r iw~~r~~t s~ 1~$ ~er ~~n~rw~
P~r ~ww~~ rwM i1N w~ak~n +w~ end~+~ert ~1 ~his nNe I~Ah~r w~ive d~~nin~. wo„c~ e/ n~n~~~sret aw~ pN~sf. If this w~t~ i~ not paid
: rn~evrity aw~ IIN ~~we is 'I~c~a wi~M ~e an~rw~y ier a~lkd.en. tM w~ak~rs ~nd ~nde?Nrt I~~r~ef ay~~~ te p~r ~N ~esM ~f celbcfiew, iect~diw~ all ee~r~
ce~~s aw~ ~~~a~wa?M ~M~rw~r •
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snd shall duly. promptly and tully perform, discharge, eaecute, ettect, completp, comply w~th and abids by each
and everv the atipulations, agr~emente, cond~tions and covenants of siud prom~ssory note and ot ttis mortgage.
then tlds mortgage and tha eatate hereby created shall cease and be null and vo~d.
- It is understood that each of the wonia, "note," '~mortgagoC' and "mortgagee" respectively and the pron-
ouna referring thento. whether in the aingular or plural anywhere tn thls mortgage. ahall be singular if one only
and shall be plural jointly and severally~ if more than one, and ahall be mxsculine, [eminine md/or neuter, wher-
ever the oontext ro implles or admits.
Md sald ldortgagor tor hlmielf- and hia heirs, legal repreaentaUvea, aucces~ors and ~slgns. hereDy eoven-
ants anu agrees to aad wtth aaid Mortgsgee, his legal representaGvea, successors and as9igne:
1. To pay W and atngular the principa! and Intereat and the various and aw?dry sums ot money payable br
vlrtue of said pcomiswry note, and this mortgage, each end every. promptly on the days respectively We same ~
severally becoma due,
2. To pay W and sfngular the txxes, ss.+essmenta, leviea, liabilit[e9, obliRations and incumbrances of every
nature and kind now on said deecribed pmperty. and~or thai hereafter may be imposed, suftered. placed, levied
; or assesaed thereupon. and/or that hereatter mny be levied or assesned upon this mortgage and/or the,indebted-
4 ness secured henby. each and every. when due and payable according to law, be[ore they become delinquent,
~ and beforo any intereat attaches or any penalty is incurred; and in so far as any thereo[ is oi ncord the same s
! ahall be promptly satiafied snd discharged of record and the original officlal document (such as. tor instance. '
f ihe tax receipt or the sattsfactloa paper officially endorsed or cer[ifiedl shall be placed in the hands of aaid ~
I Mortgagee withln ten dsys next after payment; and in the event that any thereot is not eo paid, sstisfied and ~
i dischuged, aaid Hortgagee msy at any time pay the aame or any part therenf w~[thout waiving or attecting ~
~ any opti0n. llen, equity or right under or by virtu~ of thia mortgage, and the full amount ot each and every .
such payment ahall be immediately due and payable and shall bear interest from the date thereof untll paid
at the rate ot ten per centurn per annum snd together with such intecest shall be aecured by the lieti oi thii '
mortgage. . ~
S. To place and contlnuously keep on the buildinRa now or hereafter altuate on said land flre and wlndstorm f
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insurance in the usual standard policy form, in a sum not less than l.~...p~,r~l~~ -~a n
eu co - 1~
pany or comp^nics aa may be approved by xai~l I?fortfin~ce: an~i all such insurance policies on any ot eaid bulld-
~ inge, any interat therein or part thereof, in the s~~reRate aum a[ornaaid or in exce~s thereof, ahall contain the
usual atandard mortRagee clause makinR the lusa ur.d~r sa~d policies, each and every, payabte to said Mortga.
gee aa hls interest may appear, and ench and e~•ery su~~h pnlicy shall be promptly delivered to and held by eaid
~ Mortgagee; and, not lesa than ten daya in adran~e of the expiratinn of each policy, to deliver to antd Mortgagee
a renewsl thereof, toRether with a receipt tor thP premium of 4t~rh rpnewal: and there shsll be no such insur-
ance placed on any of sald buildin~, any intereat therein or part thereof, unle~ in the form and wfth the loaa
paypble as aloreaald; and in the e~ent ftny sum o[ money becomea payeble under s~ich poltcy or policies aaid
Mortgagee shall have the option to recei~e and apply the vame on account ot the Indebtedness aecured hereby or
to permlt said Mort~[or to receive and u.e it or any part.thereof for other purposes without thereby waivfng
~ or lmpairing any equfty, lten or tiRht under or by virtue of thfa mortgage; and in the event satd Mortgagor shaq
' for any rea~on [ail to keep the said premiecs so in+ur~d, or fail to dellver promptly any ot aaid policies o!
~ inaurance to aaid Mortgagee, or fall pwmptly to pay tully any premlum therefor, or in sny respect tafl to per-
~ form. dlacharqe, eaecute, e[tect, complete, comply with and abide by this covenant, or any part hereof, said Mortg- [
~ agee may place and pay for euch insurance or any part thereof without waiving or atfectlng any option, lien, ?
equity or r3ght under or by viKue ot this mort~age, and the tull amount of each and every auch payment ahaU
~ be lmmediately due and psyable und shall besr intorest from the date thereof untll paid at the rate ot ten per
centum per annum end together with auch Intereat ahall be secured by the llen ol thi~ mottgage.
~ 4. To perrN~ commit or auffer no aaste, fmpairment or deterlonUon oi said pmperty or any pnrt thereoi.
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~ 6. Zb p~y all and aingular the cwts, charges and expenses, tncluding reasonable lawyer's fees and cost of a
~ abstracb of tfUe. fncurred or pald at any tlme by sald Mortgagee because and/or 1n the event ot the fallurs ~
~ on the part ot the sald btortgagor to duly, promptly and Lu11y perform. diacharge, e:ecute, EKML, complets.
complr wlfh and abfde by each and every the stipulaqons, agreements, conditlon~ and covenants of ssid promf~- ~
wrp note. and thfs mortgage. any or either, and ~afd costa, charges and expenses, each and every, ihsU be im-
medlately due and psyable. whether or not thera be noUce, demand attempt to collect or ault pending; and th~
!~U amouat o[ each and erery ~uch payment shall besr interest from the date thereof unt11 pald ~t the rate ot ~
ten per centum per a~um• ar~d all esfd cost~, charqq and e:pea~a~ w lncurred os patd. together writd ~uch fn- ~ ~
teres~ shaU Ds ~ecured bp the Ifan ot thta mortga6s.
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~ a~l~K312 PAC~2509
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