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Home My WebLink About1205 fOR VALUE RECEIVED, tM undersigned, jointly and severally, PROMISE TO PAY to the order~of _ _ . -_S11?NEX---I+BSIi_.~.nii_Bi3Nl._1.~P?SH---------- ~ a __~1~Y-~FIi?._~~Q~3p .~NQ_-HQI.~QQ------_--_---_-------------------_-----_-----oottARS, at P ~.:_:._$4X_$~_..~'!T~~?~t4~.....N-~w. Jtrr$ey.-.Q788~._--__.....- •---------------.----....or wch other plan as the holder hereof may designate in writing together with iMenst from ___dc'its'.~~1Q~!tl-.Ab4~t.~-----------------------•--.. . at the rate of 11$ per centum per annum on the unpaid balance until maturity. The said prindpai and inferrer shall be dw and payabfe as follows: 5303.0.6 a month, the first payment being due .one month from the date shown above, and continue for each month thereafter until paid in full. This sum of $303.06 paid each month shall first be credited to interest and the - remainder to the principal of this obligation. This note may be prepaid after five years without penalty. ~ ~ tt dafawM b w~aJa /or 10 Jqn iw tl.a pYwwM wl .wr iwstagw»wt et oriwrioal « iwMrasl « awe oast tbraot, Mw wbla sow Mow ra,waiwiw~ w,p«J wiM iwtara+t +lull at blJar'+ ootiow ?orow,o Jw awJ oaya~la witbnt watica. Fallon N esarciw srcA eotiew +AaM wet cww+titate a waiver of rho right N oaoni+a tb +aw,a iw tl,a taawt wi' +o?+ogwM Jeiawh. Attar rwarwifr (IoM priwtioal aver atawJ iwNewN aMp bar iwNrast ar 118 Mr cowtww p+r awwow wr:l pair. Tb w+akan aver ow+or+an o/ Mi+ woN fwrfbr wai~a JawunJ, wwtica wt wwwyarw+awt aver orMa+t. M Mi+ woN is woe pair at wu?ariry aver rha serves i+ placer wiM aw aMO?war fwr swlMcr:aw, tb ,waken aver awdwrun brevet aaraa h pay all +oaH w6 collactiaw, iwcl,~Jiwa all aowA cosr+ aver roa+owaWa atNrwar lane. ' ~ L ~ 'Kenneth--J: owe = - - C - ~ , Attest: / - ~ -C < ~ - - SEAL) --~tll~l~ne - Y:. ow~j 1 ( - '.:'~'~'i~i~.'t'i~.4~.•.4~''i•.~ti't.~.•.'.~.~.•.•.~.~.~.:•:.'::.~i~i~i~i~iai~.~.~iai~i~i4ai~i~i~i~iai~i'si~i~i~i~i~.~i~i i~i~i~.~iai~i~i~~/'i~i~i7i~i~i'i~ii`.ai~i i~l~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 stud prumrsaory note and of this mortgage„ then this mortgage and the estate hereby created shall cease and be null errs void. It is understood that each of the words. "note." "mortgagor" end "mortgagee" respectively and the pron- ouns referring theret0. whether in the singular or plural anywhere in thla mortgage, shall be singular i[ one oNy and shalt be plural jointly and severally, it more than one, and shall be 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 errs 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, aad 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, 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- ] ores secured irereuy, each and every, when due and payaoie 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 i shall be promptly satisfied and discharged of record and the original official document leach as, for instance, the tax receipt or the satisfaction paper officially endorsed or certitiedl 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, satisfied and ~ discharged. said 1liorigagee may at any time pay the same 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 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 i mortgage. 1 3. To place and continuously keep on the buildings now or hereafter actuate on said land fire and windstorm insurance in the usual standard policy form, in a sum not less than _ .-./.C. in such com- pany or comp^nles as may be approved by sail ]?iortgo~r•e; and all such insurance policies on any of said build- ings, any interest therein or part thereof, in the aggregate scum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the lass under sa?d policies, each and every, payable to said btortga- ~ gee as his interest may appear, and each and eve; y stu•h policy shall De promptly delivered to and held by said I?iortgagee; and, not less than ten days in ad~•anre of the expiration of each policy. to deliver to said Mortgagee a renewal thereof. together with a receipt for the premium of vu~h renewal; and there shall be no such insur- ~ ance 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 sa,J Mortgagee shall have the option to receive and apply the same nn account of the indebtedness secured hereby or to permit said Mortgagor to receive and use it or any evert 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 fail promptly to pay folly any premium therefor, or in any respect fail to per- form, discharge, execute, effect, complete, comply H•ith and abide by this covenant, or any part hereof, said Mortg- agee may place and pay [or such insurance or any part thereof without waiving or affecting any option, lien, P 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. 4. To permit, commit or suffer no waste, 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 cost of ; abstracts of title, incurred or paid at any time by aald Mortgagee because and/or to the event of the !allure ~ on the part of the ssid Mortgagor to duly, promptly and fully perform. discharge, execute, effect, complete, rnmply with and abide by each and every the stipulations, agreements, conditions and covenants of geld promis- sory note. and this mortgage, any or either, and Bald costs, charges and expenses, each and every, shall be im- ~ mediately due and payable, whether of not there be notice, demand, attempt to collect or salt pending: and the hill amount of each and every such payment shall bear interest from the date thereof until paid at the rate of ten per centum per annum- and all said costs, charges and expenses so incurred or pall. together with such tn- terest. shall be secured by the ilea of this mortgage. . so~323 Pe~E1204