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Ths Mortgagor herby, covenants with We Ma~tgagee, that her i setse~t~+sihd Lnd in fee
afro or such other asbt~si J any as is stated herein; that he bas cull power end lsui rigbL b convey the same
as s~ir+esaid; that the land r free from all eacumbranoes esoept as herein otherwise recited: that saidlriartgagor
will nuke such iuriher assurances to prove the aforesaid title to said land is said Mortgages as may be reason-
required, and that said Mortgagor does hereby iull~r warrslnti the title to said land, and every part thereof,
will detea~d the cams against the bwfuldaiavs of ail persons whomsoever.
Pswvmsu ALMATS that if the Mortgagor shall pay unto the Mortgages that certain promissory note, oI
which the folio is a wbstsatial copy, to wit: -
= 49,000.00 Stuart ,Plaids.
Octiober 1 ,19 ?9.
Fba V~.vs 1~rso, tbs undeesignsd peomise(s) to pay to
THTS KISSBZh COMPANY -
a corporation organised and render the '
at the State of Ohio , or order, the principal sum of Forty Nine Thousand 00/ 100
* - * * ~ 49, 000.00 with iater+est from date at
the rats of Ten One Ha1P Pa (10. ~°Jo) Pa annum on the unpaid balance until paid. .
Tbs said principal and interest shall bs payable at the oboe of a 8isse1l Company, P.O. Box
34099-P , ~ ~ _
in Pittsburgh, PA . 152 30 , or at such other place as the holder mqy designate in writing
delivered or mailed to the debtor, in monthly installments of Four Hundred Forty Tight anHollars 35/100
(i 448.35 oommeacing ~ ~ first da~? ~ November , 19 79 , oontinui~ng ~ ~
first dad of each month thereafter unta'1 this note is fully paid, aeept that, ~i not sooner paid, the final t
of principal and interest shall be due and payable on the first day of _ October ,200~~
Privi'legs is reeervved to prepay at any time; without premium or fee. the entire indebtedness or any Part
thereof not lea than the amount of one insta0meat, or one hundred dollns (=100.00), whkhever is less. lhapr~rmeat ~ full
rhatl be credited on the data rewind. initial grapaymsnt, other than on an iodallasent due date, need not be credited until
the nett fallowln= iridallment due date or thirty days sits such prepayment, whkhrrer is aarlier.
Ii any deficiency in the pa~meat of nay installment wader this note is not made good prior to the dne date
of the nest such installment, t~ entire principal sum and accrued interest shall at once become due sad Fay-
able without notice at the option of the holder of this note. Failure to eserciee this option shall not oonsbtute
a waiver of the right to eserrise the same in the event of any subsequent default. In the event of default in the
payment of this note, and if the same is collected by an attorney at law, the nadersigned hereby agree(s). to
- pay all costs of collection, including a reasonable attorney's fee: ~ -
This note is secured by morlEgsg_s of even date executed by the nndereigned on certain property, described
therein and represents money actually used for the acquisition of said property or the improvements thereon.
Presentment, protest. and notice are hereby waived.
1/s/ RICHARD DESTTFANIS
~i
cfiar~De a an s
_
1/s/ ZINDA J. DEST$FANIS
inn a ears
~
And shaD duly, Promptly. sad faDy Perform, discharge, execute, eSect, complete, and comply with sad abide
by each and every the sgpu4ticas, age+eemeata, oonditiona, sad ooveaants of said pramiseory note and of this
mortgage, they this mortgage sad the estate hereby created shall cease sad be null sad void.
The Mortgagor further covenants as fellows: .
1. Tbst he wfi! pay the indebtedness, as hereinbefore provided. Privilege is reserved to Prepay at nay time,
without preminm or fee, the entire indebtedness or any part thereof not leas than the amount of one installment, or
one hundred dollars (;100.00), whichever is less. Prepayment m full shall be credited on the date received. Partial
prepayment; other than on an indallment due date, need not be-credited until the next followin6 installment due date or
thirty days after such prepayment, whichever bi earlier. _
2. In order more fully to protect the security of this mortgage, the Mortgagor, together with, and in
addition to, the monthly payments under the terms of the note secured hereby, on the first day of each month
l until rile said note is fully paid, will pay to the Mortgagee, as trustee, (under the terms o[ this trust as herein-
after stated) the following awns: _
(s) A sum equal to the ground rents, if any, Wert due, plus the premiums that will Wert become due sad payable
on policies of fire sad other hssard insurance covering the mortgaged property, Plus taxes and assessments
Wert due cn the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is
notified) lees all Bums ~r~?d~ paid therefor divided by the number of months to before one month
prior to the date whey such ground ants, premiums, taxes, sad a~ernenta become delinquent,
each sums to be held by Mortgageemtruattopaysaidgroundnats,premiums,taus,aadapecialaeaesameata.
(b) The agg+egr?te of the amounts pa p~urstiant to subparagraph (a) sad those ps~yable on the note secured
e~b~?, shall be paid is a single payment each month, to be applied to the fe~lowing items in the order
Mated: -
(n gr+ormd rents, tales, asseasaients, fin, sad other basard iasunace premiums;
(In interest an the note secured hereby; and
(III) aanortisatioa of the principal of said note.
Aay.deficiency in the amount of such aggregate monthly Payment shell, unless made good by the Mort-
gagor prpr to the due date of the next such payment, constitute an event of default under this mortgage.
At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centum (4%) of nay ins_ tall-
ment when paid more than fteen (l5) days after the due date thereof to Dover the extra expense involved in ~ „Q
handling delinquent paymenu, but such 'late charge" shall not be payable out of the proceeds of any sale ~
made to eatiely the mdebt~edaess secured hereby, urilea such proceeds are sufficient to discharge the entire +..i
indebtedness and all proper costs and expenses secured thereby. - ~
3. If the total of the payments made byy the Mortgagor under (s) of paragraph 2 preceding shall exceed -
the amount of payments actually made br file Mortgagee, as trustee, for ground rents, taxes end assessments,
and insurance preniiurrrs, as the case met be, such excess slis7l be credited on subsequent payments to be made
by the Mortgagor for such items or, at Mortgagee's option, as trustee, s}~all be refunded w Mortgagor. If,
however, such nwnthly payments shall not be sufficient to pad such items when the same shall become due
and payable, then the Mortgagor shall par to the Mortgagee, os iru~4ee,~ppiamount necessary tc make rep
the deficiency. Such pa}•ment s1iaU be made within thirty (:30) day'id aTtet written notice from t e.Mortgagee