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Home My WebLink About1658 • r ' . s 37 :;J.00 FOR VAIUE RECEIVED, th• under:ipned, jointly and severally, PROMISE TO PAY to the order of - - -I3Q$ Q.,._ P~~l~-haJ.ld-.Ct)A~LSN£-PICkC~'ORD. his .wife. ~ . TN2R~X-SEYEN..THQOSBND._AND..NO1100.-------.-----------------.-----'-----.-------------- DOLLARS, at . P...O. Box_ 252-, Mt. -Carn?e~....I~linos.. b2~53..--------- . . . or such other place as the holder hereof may designate in writin4 together with intent:t from .-.....s~r~te.-Ilex-estf - - . . at the ?att of -12 :per ctntuln per annum on the unpaid balsnct until maturity. The said principal and interest shall be due and payable as follows: S407.41 on the first day of January 1980 and S407.41 or ittore on the first day of every month thereafter until the total sum be paid in fu12. The entire balance of principal and interest remaining unpaid as of December 31, 1999 shall become ~ payable in full. This note may be pre-paid at any time without penalty. t ~ ~ f It de1•~h tae e~ede 1•r 10 d,r• iw It.e p•yiweel •r •wy iwsullw~eM •t oiMCip•1 •r iaNreal ••y p•h IAe.e•f, M• ~-t+.~4 w.• 1A•w nw~•ieine vw~ai~ ~rNlf .waee•.i •f.•il •f Mlde.'s epnew be~•.we dw •wd par•bk +r;~A•W wetii•, i•ilrr• h •aerci•• •~cA ePK•w •A•N w•1 cews~i?•1• • w•ieer of fM ` ~ r~yA~ •a•ni•• ~M ~•awe iw IM •eew~ e/ fYba•yYeel Jef•vh, AFt•r wu~veiry bM principal •wd •ccrwd iwhretl .6.11 iwler•s1 •f 1Z fie. ten~•.w Par •ne~w wli) 'aiJ. TM wahera ••d •edo~a•r• •f e6ia w•t• Irn6e~ waive den~a•d. •ef:ce wewpar~we~f awn ~rNe•~. N ~6b w•N is nol P•iJ •f n~a1Yf11y •wJ M• a•wN i• ~lace~ wilh •n alterner isr .•Ikcl.ew. ~M w~ake.~ awa •wde.te.a 6e.e•t -area ~o pay •11 Goth •f c•IIeHi•w, iwtl•diwe all ae~rf ' .e.r~ •w~ .•a•••a?1• •n•rn•r t••~. - ~ • • (SEAI) ` _ Thomas Gullo ~ Attest: _ ~L~rII~~~ G~lG~•+ - (SEAI) Margo et Glillo • _ (SEAI) - ~~ib~~•:.::~.':.'::: ~ :~.~.~.~.•.'.:•.'.~::.~.:•.:•.:•.~i•: :::~.~.•:.::::~.~i~i i and shall duly. promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null anq void. It is understood that each of the words. "note." "mortgagor" and "mortgagee" respectively and the prop- owns 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, it more than one, and shall be tna.9culine, feminine and/or neuter, whet- - ever the context ao implies or admits. Md sold Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven- ants area agrees to and with said Mortgagee, his legal representatives, successors and assigns: i. To pay all and singular the principal and interest and the various and sundry sums of money payable b virtue of said promissory note, and this mortgage, each and every. promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and tncumbrances of every nature and kind now on said described property, and/or that hereafter may be imposed, suffered, placed, levied or assessed thereupon, andior that hereafter Wray be levied or assessed upon .this mortgage and/or the indebted- ness secured hereby, each and every, K•hen due and payable according to law, before they become delinquent, and before any interest attaches or any penalty i5 incurred; and in so far as any thereof is of record the same shall be promptly satisfied and discharged of record and the onRinal oftccial document (such as, for instance. the tax receipt or the satisfaction paper officially endorsed or certified? shall be placed In the hands of said Mortgagee v~•ithin ten days next after payment; and in the event that any thereof is not so paid, astistied and discharged, said 1lfortgagee may at any Lime pay the same or any part thereof wtithout waiving or affecting any option, lien, 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 centurn per annum and t~~gether with such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the buildint;e now or hereafter situate on said land fire and windstorm unpaid balance under this mortgage plus insurance in the usual standard policy form, in a gum not less than Sal- --other---encumb~-anEestn such corn- . pony or compa,•ties as may be approved by sati4 blort;,•arc•e: and all such insurance policies on any of said build- ings, any interest therein or part thereof, in the aggn•Fate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee -clause making tine I~~~s ur.d~r sacd policies, each and every, payable to said Mortga- gee as his interest may appear, and each at;d et•e:y ~o~~h policy shalt be promptly delivered to and held by said bfortgagee: and, not less than ten days in advance of the expiration of each policy, to deliver to said 1?iortgaRee a r~ne~val thereof, together with a receipt for the premium ~r a~c~•h renewal: and there shall be no such insur- ance placed on any of said buildings, any interest therein or part thereof, unlevs 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 o[ the indebtedness secured hereby or 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 fail to keep the said premises so in?c~red, or fail to deliver promptly any of said policies of insurance to said DtortgaRee, or tail promptly to p:?y Nclly any premium therefor, or in any respect tall to per- form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, acid Mortg- agee may place and pay for such insurance or any part thereof without waiving or affecting any option, lien. equity or right under or by virtue of this mortgage, and thr full amount of each and every ouch payment shall be immediately due and pa}•able and shall bear int~reci from the date thereof until paid at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 6. To pay all and ainRtrlar the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of title, incurred or paid at any time by Bald Mortgagee because and/or in the event o[ the failure on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete. rnmply with and abide by each and every the atipulationa, agreements, conditions and covenants of said promis- sory note, and this mortgage, any or either, and sold 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 such payment shall bear interest from the date thereof until paid at the rate of ten per centurn per annum: and all said coste, charges and expenses ao incurred or paid, together with such in- terest, shall bs sec+tred by the lien of this mortgage. aa~x3z1 PaGF~,~?