HomeMy WebLinkAbout0975 ::::•.•a .%•.•.•a•.•t•.•.•:::.•.•. ~ , , . . . . .
s 57,000.00 ~~`'.:ti1~1't- I~ 19 ,
FOR VALUE RECEIVED, the undersigned, joint) and severally, 1 ROMf~E ICt t` ~Y to the oiler of
,~].L.A[1 L. LI:~h anti REGIdA . LYirIK, his ~•:ife ,
:.TTY S1;VI~N 'fHUUSAND dN1) ?~0/10U------------------
~r •.uch other piers .is th~~ helat,r
i1 :;%1 rlc~~i,;ut•: Iiriu~c Drive, iia=lwin, i'i~~si~uri 6•~+•11
.~a~feot miy ll@51 note iii Wrillii~ i8~{cliiPi wiii-i tittt::ELt c-~ai:c ~
the rate of ~tl•'° per centum per annum on the :.nvaic3 fi~lanae •n,ii •ir.~l~riry. '.fir said p-inetpa: c! ;niece+st X1•.11
~ie due and payable as follows:
-~ha, tot;tl in' er~~:,C .ut~i ;~r I;_•i)~al hci•u ;i~:< 1~~- ! 1:...>::y i ! .
~•'ll:- ilOCE' ~..a: t`i• hL E ~7~a L(j ~ll:'h ' ti.E~`' .i. _ t~ t~ .1^...
;Akers CI~'Sl:'C ,:'1lCivl:C !~t•P.F1iIS .
If J.(r..h be .~•_dt lee _1~~ d.~.t..• the p:r.nr..e ~.1 •nr imt.llntM e: pt;n.:p.,l c• ;area: r.y oar' ••>f •1,. ..h,:e t••--n r+•^..r.. •q
,cia.d .rile •i~a%Nt thali a? toldt:•a oDhon uat~•.r dr. •,d •r•bi- without n. /_NUr. r: ...-i; s wr`a ;t; :,aN a,nc•.r~• ~r.ar rl '
,yin to tr~•.c.:e flea u•na .n ?ht evrM n1 aa,l:-equva,c stir Ir •-i•a- vtmty '•ar't p•~ • a •r..1 .~t d a` ba:.r ~ - ~ L D' ~ - ,
r .-n.m until ,r.ao Tha makan anal e•nato to tn.. n ru.•.r a+ U.• .A r e. .rt pre: u- i• rl - ; :ot p ' a-
. ,na the sarrta ra plac-d wrh a~ a"c...~ !oe ,•al'cct..w, trio m.:%e~a ••,d .•.,to.~ i. • ~ t. 1-.y a'.: .:r. v '~N~;n ,r/~n. ,
aa~nabl~ attoeaer itas
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$F'A:! ;
~ Skai~t
t•est• -
and shall duly, promptly and fully perform, discharge, exPCtitP. rftrr•t, roniplete, comply with and abide by each
and every the stipulations, agreements. conditions and covenants tit S:airi pra,mass•~ry rule anti ui this nwrigage,
then this mortgage and the estate hereby created shall cease and be null and :oiri.
It is understood that each of the words. "note." "mortgagor" and "mrirtga{;ee" respectiaely and the pron-
ouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular it one only
and shall be plural jointly and severally, if more than one. and shall !iC rnw.gciiline, feminine andior neuter, wher-
ever the context so implies or admits.
Mil said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
ants aria agrees to and with said Mortgagee, his legal representatives, successors and assigns:
1. To pay all and singular the principal and interest and the various and sundry sums of money payable Dy
virtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same
severally become due.
t
T. To pay all and singular the twxes, assessments, levies, LaDlhties, ohl?gations and incumbrances of every
nature and kind now on said described property, and nor that hereafter may be imposed, su(tered, placed, levied
or assessed thereupon, andior that hereafter may br levied nr a_cs.•ssed upon this mortgage and or the indebled-
!i ness secured hereby, each end every, aa•hen due and payable according t~ law, before they bernme delinquent,
1 and before any interest attaches or any penally is uicurrt•d: ami in so tar as any thereof is o[ record the same
~ shall be promptly satisfied and discharged of record ahd the original official document !such as, for instance,
;hP tax receipt er the satisfaction paper officially en•iorsed or certitietll shall be placed In the hands o[ said
iortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said mortgagee may at any time pay the same or any part thereof without waia~ng or affecting
any option, lien, equity or right under nr by virtue of this mortgage, and the full amount of each and every
such payment shall bP immediately due and payable and shall bear intemst from the date thereof until pa?d
at the rate of ten per centurn per annum and t~gethr•r with such interest shall be secured by the lien o[ this
mortgage.
3. To place and continuously keep on the bwldin~s now or hereafter altuats on said ]and fire and windstorm -
Insurance in the usual standard policy form, in a sum not less than i M$XlIriUIlI _ In such coro-
pony or comp-z:as as may be apprrrved by said 1?torl;,•a^a e: amt all aur•h insurance policies on any of said build-
ings, any interest therein or part thereof, in the aggrPFate sum aforesaid or in excess thereof, shall contain the
usual standar~t mortgagee clause making the Ures urdr•r said policies. each and every, payable to said 1ltortga-
gee as his interest may appear, and ewch wed ecP:~• su. h poUcy ahall he promptly delivered to and held by said
11(ortgagee; and. not less than ten days in ariranoe of the Pxpiratinn of Pach {xilicy- to deliver to said bortgagee
a renen•al thereof. together with a receipt tar the premuim of an~h renewal: and there shall be no such insur-
once placed on an}• M said buildings. any interest therein or part thereof, unless m the form and with the loss
payable as aforesaid: wad m the event any sum of money becomes payable under such policy or policies said
Mortgagee shall have the nptinn to receive and apply the same on account of the Indebtedness secured hereby or
~ to permit seed Mortgagor to rPCeia•P nail use it or eny part thereof for other purposes without thereby waiving
or impairing and equity, lien or right under or by a•irtue of this mortgage: and in the event said Mortgagor shall
!or way rPasrra fail to keep the said pr~nusPS sa inQUmd, or fail to deliver promptly any of said poLcies of
insurance to said ~lnrtgaRPe, nr fail promplly to pay [ally any premium therefor, or in any respect fall to per-
form. discharge, execute. effect, complete, comply with rind abide by this royenant, or any part hereo[, said Mortg-
ogee may place and pay far such insurance or any part thereof without waiving or affecting any option, lien,
' egwty or rght under or by virtue of this mortgage. and the full amount of each sad every such payment shall
be Immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per
centum per annum and together with such Interest shall be secured by the lien of this mortgage.
To permit, commit nr softer no waste, impairment or deterloratlon of sold property or any part thereof.
6. To pay rill and singular the costs, charges and expenses, including reasonable lawyer's fees and cwt of
abstracts of title, Incurred or paid at any time by said Mortgagee because andior In the event of the failure
on the part of the said Mortgagor to duly, promptly and fully perfortt?, discharge, a:scuts, effect, complete.
comply with and abide by each and every the stipulations, agreements, conditions and covenant of said promL-
sory note, and this mortgage, any or either, and said costs, charges and es:pensea, each and every, shall be Im-
mediately due and payable, whether or not there be notice, demand, attempt to collect or stilt pending: and the
full amount of each and every such payment shall bear Interest from the dab thsrtot untU paid at the rite of
ten per centum per annum; and all Bald coal, cheeses and •:petuiaa sw incurred or paid, together wtlth suet fa•
terest, shall be secured by the lien of Ws mortgage.
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