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Home My WebLink About0046 ' , ~ S 11.,_00.0.. DQ...._.._.__ t FOR VALUE RECEIVED, the undenipned, iointly and severally, PROMISE TO PAY to the order of - ~ ~GNI).SSON_MQT.OR&...__SNOOItP.ORATED----------- - - OIIARS _ELEV.EN._TH4U$AN~_BND_X10/.lOQ-------.-.------------------------------------o , at P.-..Q.. -.SS?X_..~~..._A~h£IiSs -.Aldbama...3.~fi].1. or such other place as the holder ~ hereoif may designate in w?itin0 together with interest from S;d~~___Sx1QWX1 .dk20Y~ at the rate of 11$ per centum per annum on the unpaid balance until maturity. The said principal and interest shall be dw and payable as follows: ~ 5150.00 per month commencing orr the first day of January, 1980 and continuing an the first day of each and every month thereafter at said rate with an en- ;:tire principal amount and accrued interest being due and payable on the ;:sixtieth consecutive monthly payment. In other words, the entire remaining k princi al and accrued interest shall be due and payable on the sixtieth pay- menu ~h~en}~n],degbtedne$s~js[~sh~ll bearlin~te~rpeS}st~.at th/ey.~rate of 11$ per anrnm and. shall be ~ ; ~y ~edeT.~rff M ~d~-Iw ~ ~~1s t~p~r}~t e'Tliwj rwillfrwewl ei p~iwfapsl`e'iwfw?ws1 Rr wwr pNt tMnwf. tM wlwb sww~ tMw nswiniw~ ~ j ~wpa:J with iwlereat atoll at AeWer'a eptiew bcewae dw +wd pa~abk withew notice. Feil~re h exercise arch ep1'row alull wet ewwslitWt • waiver wr tM 1 per c~wtviw • rigAr N exercise tM sew.e iw tIN erewt et sehae~wwf ~etavN. Alter wsatvritr Mfh pnwcip.l ewd eccrw~ iwN?eat aheq Mar iwtereat at 1$ err awwew nwtil paid. ?M wakwn awe ewderaera et Ihia web 1wrtMr waive dewrana, wolice et wew~errwewt awe pretest. N thn weN is not papa at ~ ~ mrrwritp wwJ the serves is place) with aw aNerwer fer cellect:ew, the rwatera awe ewderaen hereof serve to pay aN ceari sf celbdiew, iwcbdiwe all ceert t cofh aw+ feaNRahM aNerwer fees. ` l Martp.><i ft.~egter Attest: ]~r ~1~ (SEAL) • 1SEAL) • - `s~i i .4~i•?~i4•lfi~.•l~.??•i•.~.~.•.•.':: • i • :•iii•••i it i ::•i?i i ••i•?ri :•.:•i ' :::•ii'i .:•i '•i~i iiiiii~~ ri~ii'•i~i~iti~i~iii~iii~1 i t 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 prumissory 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, it more than one, and shall be masculine, feminine and/or neuter, wher- r ever the context ao implies or admits. And acid Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven- ~ ants ana egress 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 same 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 incumbrances of every nature, and kind now on said described property, andlor 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- ness 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 a, any thereof is of record the same ~ shall be promptly satisfied and discharged of record and the original official document (such as, for instance, € the tax receipt or the satisfaction paper officially endorsed-or certifiedi shall be placed In the hands of said f Mortgagee within ten days next after payment: and in the event that any thereof is not so paid, satisfied and { discharged, said l?fortgagee may at any lime pay the same or any part ther'eo[ without waiting or affecting any option, lien, equity or right under or b~ ~•rrtuP of this mortgage, and the fall amount of each and every such payment shall be immediately due and i~ayable 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. 3. To place and continuously keep on the bu~ldinga now or hereafter situate on said land fire and windstorm insurance fn the usual standard policy form, in a sum not less than s . 1n such com- pany or comp^nies as may be approved by said I?tortga~ce: an~i all such insurance policies on. any of said build- Inga, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the I~~ss under said policies, each and every, payable to said Mortga- gee as hie interest may appear, and each ar.~ et•P:p su~~h policy shall De promptly delivered to and held by said Mortgagee; and, not less than ten days in adran~e of the expiration of each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premistm r.f arrrh renewal; and there shall be no such insur- once placed on any of said 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 ; f Mortgagee shall hate the option to recei~•e and arply the same on account of 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 tail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or fail promplly to pay fully any premium therefor, or in any respect fail to per- ~ form, discharge, execute, effect, complete. comply ~a~th and abide by this covenant. or any part hereof, said Mortg- ages may place and pay [or such insurance or any part thereof without 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 ahaII 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. 4. To permit, commit or suffer no waste, impairment or deterioration of Bald property or any part thereof. 6. To pay aU and singular the costs, charges and expenses, including reasonable lawyer's lees and cost of abstcacta of title, incurred or paid at any time by Bald Mortgagee because and!or in the event of the failure 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- wry note, and thin 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 until paid at the rate of ten per centum pet annum• and all Bald costs, charges and expenses so incurred or paid, together with such !n- terest, shall be secured by the lien of this mortgage. - F 0.i1(1Ce1L.~ P~~E 4s -