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Home My WebLink About1240 ;25,0-00.00. _ - .November ~q79 FOR VAWE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the order of _ - __._..-.__._.____._.Q~CAR_ R02ETT•_an~l-_ ALICE-_ROZ.~TT, _hiS._w-fe, . _ _ 1WENTY-FIVE THOUSAND AND NO 00 at . 7.~9_l.._.G~.bb;~__R~r~nue, ..Ps~rt .$t...LuGie.,.--~k._._3.3.95.2.._._.___....__..._...... or such other lace as the holder ~ hereof may designaN In writing togethe? with interest front da*~___jlel'~Qf Z at the rate of 11-31.4..... per centum per annum on the unpaid balance until maturity. The said principal and interest shall. be due and payable as follows: $296.04 on the first day of January, 1980 and $296.04 or more on the ~ first day of every month thereafter until the total sum be paid in full. The entire balance of principal and interest remaining unpaid as of December 31, 1984 ($20,850.00) shall become payable in full. This note may be pre-paid at any time without penalty. (THIS IS A BALLOON NOTE) ; 1/ d.fawh M rwade 10 days iw IAe pa~w?ewl et aey iwtNllwwwt et principal er iwtensf er awe 'art IMreet, tM wA•M s•w tMw rewcaiwiee vnpail wiM iwN?est sAall at Aotder's option bacerwa doe and parable witMW notice. Failere N eaereise svxA eptiew shall wet cewstitW~ • w iwwe tM rigAt N e.ercise tM same M tM event el svbt•avwt deiarlt. Alter rwatvrittr beM principal awd accrwd iwNresl sAa4 bear iwNrast at 11 3~yer contvw par awwerw trwti) paid. TM rna~en awd endorsers et this note t•etMr waive dewund, notice et wow•parrwewt awd protest. H tAia • Mte is net paid N nutvriep and the sense it placed witA an attorwer ter celkct.ew, tM wcakon awd ewdenen hereof agree N par aN cesM cellectiew, inchtdiwe all coact ~ cosh awd nnewabM attorney taus. • ~ - ~s . - - ~OL~ct~...~ . (SEAL) O. as ardo ; Attest: - - - (SEAL) ~ , ; ~ _ y - its L. Cascardd • ~ Jam. ~ ~J (SEAt? . ...T and shall duly. promptly and fully perform, discharge, execute, a/feet, complete, comply with and abide by each and every the stipulations, agreements, eondttiotts and covenants of said prumtssory note and of this mortgage. then this mortgage and the estate hereby created shall cease and be null and void. It is understood that each of the words. "note," "mortgagor" and "mortgagee" respectively 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 6e masculine, feminine and/or neuter, wher- ever the context ao implies or admits. Md said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven- ants sna agrees to and with said Mortgagee, his legal representatives, successors and aavigns: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by Wrtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the came severally become due. 2. To pay all and singular the taxes, asses.+ments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described properly, and/or that hereafter may be imposed, au[fered, placed, levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ! noes secured hereby, each and every, when due and payable according to law, before they become delinquent. and before any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same III{ shall be promptly satisfied and discharged of record and the on/{inal o[ficiat document (such as, for instance, the tax receipt or th! satis[aclion paper oflicially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and 'k discharged, said Diortgagee may at any time pay the sane or any part thereof without wai~dng or affecting I any option. lien, equity or right under ~r b~• v~rtuP of this mortgage, and the full amount of each and every E such payment shall be immediately ~fue and ?~ay:able and shall bear interest from the date thereof until paid B at the rate of ten per centurn per annum and t~~i;rth~r v~~th such interest shall be secured by the lien of this mortgage, t~ 3. To place and continuously keep on the bu:ldin~a now or her~te;i~~a~aIICe ltidder ~1is otr~gage and insurance in the u_RUaI standard policy form, in a sum not less than =.s'Ilil~--Qt~?E>t'--gflC.11?!i~~dt1C~~ in such com- pany or comprnies as may be approved by sail Afc,rt~agc•e; and all such insurance policies on any of said build- ings, any interest therein or part thereof, in the a~~rrl;ate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the I~~ss ur.~ier said policies, each and every, payable to said Mortga- ~ gee as hia interest may appear, and each ar,~l e~•e:y sup h pr?licy shall be promptly delivered to and held by said I?iortRagee; and, not less than ten days in advance of the expiration of each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt ter the premium ~f sia••h renewal: and there shall be no such insur- ~ ance placed on any of said buildings, any interest therein or part thereof, uNess in the form and with the loss payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies said Mortgagee shall have the option to receive and apply the same nn account of the indebtedness secured hereby or S to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving - or impairing any equity. lien or right under or by virtue of this mortgage; and in the event said Mortgagor shall for any reason tail to keep the said premises so insured, or fail to deliver promptly any of acid policies of ~ insurance to said 1ltortgagee, or fail promptly to pay tally any premium therefor, or in any respect fail to per- g form. discharge, execute, effect, complete, comply «~th and abide by this covenant, or any part hereof, said Mortg- { agee may place and pay for such insurance or any part thereof without waiving or affecting any option, lien, t i equity or right under or by virtue of this mortgage, and the full amount of each and 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 or suffer no w•aate, impairment or deterioration of said property or any part thereof. ' 6. To ~ psy all and singular the costs, charges and expenses, Including reasonable lawyer's fees and cost of abstracts of title, incurred or paid at any time by said Mortgagee- because and/or 1n the event of the tailors on the part of the said Mortgagor to duly, promptly and hilly perform. discharge, execute, effect. complete, - comply with and abide by each and every the stipulations, agreements, conditions and covenant of said promis- sory note, and Ws mortgage, any or either, and said costs, charges and expenses, each and every, shall be Im- mediately due and payable. whether or not there be notice, demand, attempt to collect or suit pending; and the full amount of each and every ouch payment shall bear interest from the date thereof until paid at the rate of ten per centum per annum; and all said costa, charges and expenses ao incurred or paid, Wgether with such tn- terest, shall bs secured by the lien of this mortgage. ~~~K321 Pa~E~~