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Home My WebLink About2818 S 33, 50U.00 - ~ 17e ~ 19~q FOR VALUE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the order of -FRANK . W.-..I~ENNOAl-.and--~iELEN-.M. LENNON, .his - Wlf@- - - ~'HIRTY-T(~RE.~-__~'HODSA,ND..FIVE .HUNDRED.. AND._N01.100-.------..-------------------DOLLARS, at 3065 N. _E. HighldAd- AV>r ~.ensen.-Beach,..-_FI,.-_3.4.5.7_...__....-- or such other place as the holder S ~ hereof may designate in writing together with interest from -d~dte.-.Shown.. abOYe-- - _ . at the rate of 10$ - ..per centurn per annum on the unpaid balance until maturity. The said principal and interest shall S be due and payable as follows: $360.00 a month, the first payment being due one month from the date shown above, and continue each month thereafter until the 126th payment when the entire balance of principal and interest remaining unpaid shaYl _ become payable in full. This note may be prepaid at any time without penalty. • THIS IS A BALLOON NOTE. If dalauh be mach ter 15 days in the payment of any iwatallrwent of principal e? interact er any part thereof, tlr. whale sum thew nrwainins unpaid with inNrett shall at hOlde~ ? Opfgn becenN due and payable without netico. Failure to esercito such epr:ew shall wet conttity waiver of tho ~ r~ghr to eaercita the sawre in tha want of sebegwM default. A/qr maturity both principal and anrved inhreN ,hall base interest at par centuwr par anwus until paid. iM makara and endersara of this woto IuNhe? waive demand, notice of nonpayment and protest. N this note is not paid at /narvrity and the tawie is placed with aw atternay for cotlect.en, tho ma`ars and ondoraers hereo/ agree to pay all cosh of collection, iwcludin~ all court roar and natewable at/erway feet. ,r (SEAL) Margaret Horton Attest: _ - {SEAL) , _ • (SEAL) and shall duly, promptly and fully perform, dischatge, execute, effect, complett•, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said prumrssory note and of this mortgage. then this mortgage and the estate hereby created shalt 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 thla mortgage, shall be singular if one only and shall be plural jointly and severally, it more than one, and shall be rnavculine, 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 ana 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 by 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 incumbrancw of every nature and kind now on said described properly, and!or that hereafter may be imposed, suffered, 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 beforo any interest attaches or any penalty is incurred; and in so far as any thereof is o[ record the same ~ shall be promptly satisfied and discharged of record and the original official document (such aa, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed In the hands of Bald Mortgagee 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 waiving or affecting any option, lien, equity or right under or by v~rt~tP- of this mortgage, and the full amount of each and every such payment shall be immediately due sort payable and shall bear interest from the date thereof until paid at the rate of ten per centurn per annum and together V~1th such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insurance rn the usual standard policy form, in a sum not less than i_ - - In such co~- pang or comp^aics as may be approved by swirl Mortl;ngce: amt all such insurance policies on any of said build- ings, any interest therein or part thereof, in the aggr.l;ate sum aforesaid or in excess thereof, shall contain the 1 usual standard mortgagee clause making the hiss ur.drr said poLcies, each and every, payable to said bfortga- gee as his interest may appear, and each and eve: y sup h policy shall be promptly delivered to and held by said 1?lortgagee; and, not less than ten days in advance of the expiration of each policy, to deliver to said Mortgagee a rene:val thereof. together with a receipt for the premium of atlr•h renewal: and there shall be no such insur- ance placed on any of Qaid buildings. any interest therein or part thereof, unless 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 on account of the indebtedness secured hereby or to permit said Mortgagor to recehe 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 [ail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or tail promptly to pay fully any premium therefor, or in any respect tail to per- form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, acid Mortg- t ages may place and pay for such insurance or any part thereof without waiving or s[[ecting any option, lit'n, equity or right under or by virtue of this mortgage, and the full amount of each and every ouch payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per a centurn per annum and together with such Interest shall be secured by the lien of this mortgage. S 4. To permit, commit or suffer no kaste, impairment or deterioration of said property or any part thereof. 6. To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cwt of j abstracts of title, incurred or paid at any time by Bald Mortgagee because and/or in the event of the falltrrs ~ on the part of the said Mortgagor to 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 promis- sory note, end this 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 salt pending: and the full amount of each and every such payment shall bear interest from the date thereof turtU paid at the rate of ten. per centurn per annum; and all Bald cwts, charges and expenses so Incurred or paid. together with such In- terest, shall be secured by the lien of this mortgage. s~K321 P~~E2814