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~rAUilpd ~11UttJ~. that if said .3ortgagor shall pay rtnto thr said Jllortgagee
the certain pruntissury note, o/' ur/ric/r the ji~llurt•irrg iu words and jt~t~res is a true copy,
to wit:
s 4.928,..94 ~'.QLt...i'.~.~1'!G4. rle<da December. 24. . ro79
IoR VAU~ tICUVED 11N ~nAaiyMd pom~cst ?o per 10 Ibe ordtr of
Billy C._Spears and Sheree Spears, his wife
rya p•nc•pal d Tfiousand I~1Tle Hundred Twenty-Eic3ht aril 94/100------~dn.~r~ ~1~ ~ 928. 94----
.
~c~tt~~.XxifMlMtt~ti~IftitUit~~i KXltlLJfr~t MN~Oft~ltMlllElt~,fit
li1f,1~dtliMiE K,1tltK ?ilt~til xXK .
xX~{~i, Iwinrq..1 a~JLx7LX bl.•.q p.vnblr• ,n r..v.r,r) n...nn~ al Ih• 1}.:~M., S!a}n, .•r .h •:,,...,:.r,l, resident address of
Hayes u•d Unncipaf titan l0 1•e par••t•la on IM .}ales and •n IAs rnrounh tfkc•r•ed below, lo•wd
This promissory rote is made payable in four (4) quarterly l.nstailmer?ts with no
interest on the principal balance. The first principal payment of One TMusand Two
!lwxired Thirty Two and 23/100 Dollars ($1232.23) is due April 1, 1980; the second
principal payment of One Thousand Tro Hundred rltiirty~Ila~ and 23/100 Dollars ($1232.23) }
is due July 1, 1980; the third principal payment of One Thousand Two Hundred Thirty- f
'1~ and 24!100 Dollars ($1232.24) is due Oct~pber 1, 1980; and the fourth and final
payment of. one Thousarxi T+a~ Hundred Thirty~I~ and 24/100 dollars ($1232.24) is due
.Ianuary 1, 1981.
. r . ~e?. r • 1 r•n.lnr~ar .~~.•t`h ..n .nc d«nand. prdcq and n•rl•ra of ~.Iw~ly, non pallmtel o* prMa11 awd a! rtYw~lnaul. nacofury b Hold a+cA of
1 ,,:.tia+ , • 1..n• , '..•~1..• .~q•rct rc•~od, aid u,vaall,, Ir, p..f NI cc.ds of coll~clwn. ,ncludrll~ a roawnsbla aNO?noY•f laa cw caw 11r prncrpaf d
rN •,r„ /,,•,~n. ~ n lw p•.. .I UI My rnlMr:fl Ilk•rtOn It not pa.d al IM /1fpaLbva mMw4r Ihacwl, p rn CaN d betaaas nKaf1MY b p,oleN tlw
• , ! w?,.r?.pr •su.? 1•[ b+•~ugM or n.~1 _-0---
no•n en.l .1.~1 ~rrral .r •,~••'11 {r.rymvnH s1r r!} bear rnlartfl a) hr• o.r. .~1 - P« (anl, Qf'r 1nnYf11 trap nurirrity unbr Pa•.~
1! , n.7r n sec..+. : b~a first mr+p.+fla of crap d~lc A. re..~lA and ct to i>. carstrurd anA enldcad accrrdcnq l0 Ms law+ of Iha Seca of fl:. •d.i
,r..t,,,!• .n !tic p.y•.r•• n! ~r...ap.,i a•.d~c• .nl~r~11 :1.M on am nine u.wcd br 1a.•1 Mwlp•9r• alf vole..o cecwa•r and ram.,rrwrrq unprid yAall IaIA..•Ih
!x ..nd-WYablr• nOlw.lhsl rnd.ny Ihe•r Inn Or
*and such. default continues for 15 days ~;ali
Janet L~. Evans
rc~ dr
and s/rall Lerji~znt, c•c?nrphl rrit/r curd ul~idc hJ each trnd every the stipttlations,
agreements, conditions and coi~enatits of said promissory note anti of this deed, then
~ this deed and t/re estate hereby created shall cease and Le n?ill anti ioid.
.Ill the said „1lortgugor hereby covenants and agrees:
1~ .1. Tt~ pay all and singular t/re nrint•ipal and inlc•rF•st and ether sums r~/' money
purluble, hrt r•irtu.e raj said pr.r»tissurrl ntrtr and this rlr•.•.l, nr eitlrrr, pr.,nrpllrt nn the
Buys resperticely the suntc• severally ronre due.
Tu pail all ant! sizz~trlar the ta.rrs, assessnz~•nts, lcvirs, liahilitic•., .,l~lirsutions
crnrl en~•tt~nhrurtees of rwcry nature uu said drsc~rihed proprrty ea••It and et•c•ril, and
if the same be not promptly paid the said .~1lortgagee may at any time pa•y the same
without uaiving or ajj-•ecting the option to foreclose or any right hereunder, and everrJ
payment so made shall bear interest from the dri.te thereof at the rate of ----0-----
per cent. per annum.
j .3. To pay all and sintsular the costs, churoc•s and expenses, inrlruling lawrler's
fees, reasonably itaeurred or paid at any time by said JlTortgagee because of the failzt.re
on Ute Bart of the said .,Mortgagor to perform, comply with. and abide by each and
er.+ery the stiptclations, a~sreements, conditions and rot*enants of said pruntissory »ote
and this deed, or either, and every stcch payment shall Lear interest from date at the
rate of ---0-----per cent. per annum.
j To keep rite huildinct ?tc~rt• or hereu/te~ ~?n said lu?rd i?rsnred in a satyr nr,t
less t.lrun its highest insurable value
1~~,?1!lr~rs, in a r•nnapazry r~r rnnrpazries t•,
j: be approved by said .:Mortgagee, anti f/te policy or policies held by and payable to said
II Mortgagee, tttul. iit the event any srtm of money becomes I~ayuble under such. policy or
policies, the .,Mortgagee s/oral leave the option to receive attd apply the same wi uccou.nt
of the indebtedness hereby secured or to permit the .Rortgagor to receive and tcse it, or
I:' any /.tart thereuj; for of/ter purposes, u~i`hortt thereby waiving or tntpairing any egrcity
I' lien or right under or by virtue of this mortgage, and may puree and pay for such ~ -
insurance or any part thereof, tvithorct waiving or affecting the option to forerlose or
any right hereunder, and each and every such payment shall bear interest from dote
at the rule of ----0---- per cent. per annum.
g~(323 P~~~ '4