The URL can be used to link to this page

Home My WebLink About2612 "?5,OrJ0.00 l 1 Uctoh:~r ~9 79 •r OR VA?l tlE RECE{VEO, the undersigned, joinNy and s..•vc rally. PROMISE TO PAY to the o! -ie? of ~OEiS t5'EISIt~'1AR .and :~F1IRL>:Y :1. k'EISFi~1AR, tzi~ ~•itre - ~ootta~s, fidENTY !'IVY. THUUSAyD and Nal100------------------------------• 1~ F~1711~~1. Ts=;'X, ~ g~. P~T1~:t7'Y, CnT1ReCC7-~"1L n6g10 or t~•rh oth•ar pia a ~s the hut.for `iereof may dt:siynats in writing together with irrtertst from 1 fl~veml-rer 114 s! the rate of lt) 3!4 per centuln per annvin on the unpaid balance unlit rnitu~ity. The Bald p i:uipaf and :nterea sh t+! rte due and payabte as follows: ir. C.~n ~lt~l eq~l~tl SE-:^.I-FI[lnU•~1 il~st~'_t~rer:t~~. of "f :;o t~ The,t.:sati:] Five liun:ired ($2,5t;Q.~?e_,) ~ollays ~~f the F~rinc~n~,l ter:•:hrr with t:e interest then sere, het'i~~r il;t, i ,iinl~ 1980, • rid ~n•~~ i»i_ti~l,' :'a. i. i~: :::tenths theretlLcer tlr.t-i1 th_~ ;.•-:I:.~i~-a1 -tract ~rrerc'tit .+rt• ~t:lly p:l~ci. l~~le :-'alter r:ay ~rePay i-he t altii-e r•rit~cin~ll h~ll::rcct ~it_e an•• t i~,~• w~r_~ _ittt ~'na.L: after 1 Janusrv ].9?4 t` 10 1l da au:• be made foe c a:: t6c reset vi t:.y •~+tai• t ~i prrn;.,tai or r ae•<•. :ray par tr •.a Y. » whole an• tt e.'. rrma. og i _npa:d ,.rlfi •ntere?• ah+l1 at hold+r't opf.on be.ome due sort Pat••r.~• „•r v.• • c~ i ar:ur•• an rrr.fr .uci• opC,..r th•11 .t c- n•• r.> w • •.t nu al +n rl accrcrd rNr. ;1 th.l: n ~ yirr ro gaunt .r:a sae., -n t•.• a.ent ~r a.:! •e4utnt del,r.!: Alter a ecrr,ty ••,.•h p !.e ••b-rrs: a: ~ per c . • ~n: ar.nant r.61 paid Iha maiara anti an.•o.wn e1 t: rose loth.. «ara d+•na•~d ..en.. o~ na•:ya~:•-~t ..n ores- tfi.t r..t• .a rat a+ `I'JrrtV and lt+a :acne n plaaad wdh an avo.n•. !o~ e•'!r.+..n ••.i .n.~-•a •d ~ ~r:~• •t b.••eor :9r.a p.} a1' eeatt o ao r•,~n. .nt,.•1.•.y .11 a~.:t ..•t and raar.n,blo allcrroy lag,. i . ~ ,St:~ti 8 P(11_LOC iC ' (SE.' l) i\nd shall duly, promptly and fully perform, dicrharge, execute. riter•t, rnmptetP, r•omply with and abide Dy each and eren• the st,pu:aaons, agreements, conditions and covenants .a( s:ur1 pmm,xs•~ry note and rat this mortgage, than this mortgage and the estate hereby created sh:?11 cease and be nWl and ~rrirt It is understood that each of the words. "note," "mortgagor" and "mortgagee" respecti\•ely and the pron- ouns referring thereto, whether in the singular or plural anywhere in rhea mortgage, shall be singular i[ one only and shall be plum! jointly and xverally, it more than one. and shall be inasciillne, feminine and~or neuter, whe~- e\•er the context so implies or admits. Md said Mortgagor for himxlt and his heirs, legal representatives, successors and assigns, hereby coven- ants ano agrees to and with said Mortgagee, his legal representatives, succPSSOrs and assigns= 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue of said promissory note, and this mortgage, each and every, promptly nn the days respectively the same severally become due. 2. To pay all and singular the taxes, asxssmenta, levies, teabiteties, obligations and Incumbrances of every nature and kind now on said described properly, and or that hereafter may be imposed. suffered, placed, le~7ed or as_cessed thereupon, and~or that hereafter may bP Irvied or ass••tved upon this mortgage and or the indebted- ness secured hereby, each and every, when due and Itayable according to law, before they become delinquent. and brtore any interest attaches or any penalty iv incurred: and in so tar as any thereof is o[ record the same shall be promptly satisfied and disehar~ed of record and the original official document !such as, for iiwtance, •hP tax receipt er 'he satisfaction paper officially en•forw~d or certified! shall be placed fn the hands o[ said ~1ortRagee within ten days next after payment: and in the event that any thereof is not so paid, satisfied and discharged, said 1?tortgagee may at any time pay the same or any part thereof without walt~ng or affecting any optibn. lien, egwty or right under or by vtrtue of tMs mortgage, and the full amount of each and every suth payment shall be immediately due anti payabte and chill bear interest from the date thereof until paid at the rate of ten per centurn per annum and Irtgethnr t«th such interest shall be secured by the lien of thi¦ mortgage. 3. To place and continuously keep on the bu,lrlincs now or hereafter situate on said land the and windstorm insurance in the usual aandard pntery• form, in a sum not Iev than i M$X12riLIDl , In such com- pany or comp- -tics as map bP approved by caul 1?fortFaFr•e: ant all vui-h insurance policies on any or said build- ings, any interest therein or part thereof, in the aggr. Farr sum aforesaid or m excess thereof, shall contain the usual standard mnrtgagPP tlaucP makinl~ the Irres ucdnr said potertrs, carte and every, payable to said I?tortga- gee a~ his interPS: ma~• appear, anti Path ar.•1 P\'P-\' S:b h prdtcy chill be promptly delivered to and held by said 11IortFagee; and. RAC less than ten diva in ad.anr•e of the expiration of Pach polity, to deliver to said ]ltortgaRce a renP•.val thereof. together with a receipt for the premium nI pt!^h rr`nPwal; and there shell be no such insur- ance placed on anp of said buildings, any interest therein or part thereof, unless in the Corm and with the Inss pavahie as aforesaid: and m the event any sum of money becomes payabte• under such policy or policies said Morti;aRee shall bare the optirrn to receive and apply the wamP on acrotuit of the indebtedness secured hereby or to permit ca.d itortFaFor to receive and use it or any plirt thereof for other purposes without thereby waiving or impamng ane egwty, lien or right under or Dy virtue of this mortgage: and in the event said Mortgagor shall for any reason fail to keep the said premi~ec so inQorcd. or fait to deliver promptly any of said pobcies of insurance to said 2?tortgaRee. or fail promptly to pay lolly any premium therefor, or in any respect fall to per- form. discharge, execute. effete, complete. comply va~th and abide by this covenant, or any part hereof, aaid Mortg- aRee may place and pav for stick insurance or any part therent without waiving or a[[ecting any option. lien, egwty or rght under or by virtue of this mortgage, and the full amount of each and every such payment shall 6e Immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per cPntum per annum and together with such Interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no wa,te, impairment or detetioratlon of said property or any part thereof. 6. To pay sU and singular the costs, charges and expPnxs, including reaaonaDle lawyer's tees and cart of abstracts of title, Incurred or paid at any time by Bald Mortgagee because and nor In the event of the tallure on the part of the said Mortgagor to duly, promptly and lolly perform, discharge, execute, etteet, complete. comply with and abide by each and curry the sttpulatlons, agreements, conditions and covenants of aaid promts- aory note, end this mortgage, any or either, and said costs, charges and ettPenaes. each and every, shall be Im- mediately due and payable, whether or not there be notice, demand, attempt to collect or salt pending: and the trill amount of each and every such payment shall bear interest from the data thereof ueW paid at the rate of ten per centum per antrum: and all said casts, charyres and a:petises so itrcutred or pall, tosetlier tivlth such in- terest, shW be secured by the Ilea of Ws mortgage. ac; ~ 3i9 r~cf2J~9