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Home My WebLink About2460 • q.- - Fowtr >tt . ' il'1 orf ~ ~ Qe Note ao 45 , 000.00 _ Stuart t,or,,•a January 2 . 19 ! J~ 1r a i t• r:.; riw u ~ . , s.,p . r..~m, µr. r . q„ .:r u•r o) ' ROBER'T' A. GARDNER ana MARY ANNE TURCZA forty-five thousand and no/100-------------------------------U,,,,,,, • , _ nine . „•„r ~r., hrnn January 2 , 19 i~0 ~ ~ d• .n Lswl.,l M..vuy of Ihr UndeJ Slates sutra aun:~n • ,nJ ,nterefl psyabitl ,n wslalim2nlf as follows :~/+04.88 per month, principal and interest, beginning; l~ebruary 2, 1980, and <<?l~tinuing thereafter on the 2nd day of each and every subsequent month ,p to January 'l, 1990, at which time the entire balance of this mortgage ~i1a11 become due and payable. The balance owed on this. mortgage may be :>aid in whole or in part at any time without any prepayment penalty. ix`. r c.,y~,tti shai' Se applied Grsr to the me+est accruing under the terns of this note and then to a reduction of ?he principal indebtedness Ihs ^~.~+.,:s a,, r ~•:doru•rs of +~n note fwri,er agree to waive demand, notice of non-payment and poles', and m the evens suit shall be bought for the ,11. , t s era. t•,,. C.: cnPecte~ upon demand of an attorney. to pay reasonabir onrNney's leis for making such collection. All payments Mere- . 'r• ~ .,,r.•~,•s~ the r.+' o~ 9 eercen+ Der annum from rrarun+y until paid. This note is s«u..d by a mortgage o) even date herewith and.is to . 'urcd.: actor.i.r,g +o me l7ws of the State of Itonda, u[-0n defauN it tM payrr+en? of pnnupat and ~ a mrerest when due, tM whole slim of ! ,.c . ~ ~ •~,n,,,,e•,g 1 sh,slt ar H,e option of the holders, txcome ,mmodwrety due .,nd payable. Fa~lwr to eaeruse the option shall nos constdute i • ...:._nt ewers •.c . . _,r•t.• !~,e evrn• of wbsequent default ~ • !SEAL) Preside.^.t, S'_rAR?=TTF TRAILER PARK. sf NC., ; t SE Al ~ . !SEAM and shall duly. promptly and fully perform, discharge, execute, effect, complett•, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promias~ry note and of this mortgage, then this mortgage and the estate hereby crca fed shall cease and be null anti 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 >n this mortgage, shall be singular if one only and shall be plural jointly anri severalty, if more then one, and shall be mssculine, feminine and/or neuter, wher- ever the context ao implies or admits. Md safd Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven- ants ana agrees to and with said binrtgagee, hip legal representatives, successors and assigns: 1. To pay all and singular the principal sad 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 tt:._• taxes, assessments, levies, liabilities, obligations and incumbrancea of every nnture and kind no~v on said descrii,c ~ prol,erty, and/or that hereafter may be imposed, suffered, placed, levied or assessed thereupon, and/or that hereafter ma}• 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 i9 incurred; and in so far as 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 paPPr of°ic:ally endorsed or certified) shall be placed in the hands of said Mortgagee v?•ithin ten da}•s next after pa}•rncrt; and in the event that any thereof Is not so paid, satisfied and discharged, said Mortgagee ma}• ^t an}• titi.e pay the same or any part thereof without waiving or atfe^_ting any option, lien, equity or right under or h•: virtue of thin mortgage, and the full amount of each and every such pa}meet shall he immed:a'ci}• dui e::.l i•ayable and shall bear interest from the date thereof until paid at the rase of ten per centu~n per ansu_rn a~.. together vsah such interest shall be secured by the lien of this mortgage. S. To place and continucnsty ke!•p on the buildings now or hereafter situate on said land fire and windstorm insurance in the usual standard policy torn:, in a sum not less than = .full. 1T13Y~G~t_. Vdll]E_._......._, En ouch com- pany or compaaics as may be approved by sales 1?fortgaRee; and all such Insurance policies on any of sold build- ings, any interest therein or part thereof, in the aggregate sum atorcssid or in excess thereof, shall contain the wual standard mortgagee clause making the loss under said policies, each and every, payable to said Mortga- gee as his interest may appear, and each and every such policy shall be promptly delivered to and held by said 1?lortgagee: and, not less than ten days in ad ~ sties of the expiration of each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no such insur- ance placed on any of safd buildings, any interest therein or part thereof, uNess ir? the form and with the lose payable as aforesaid; and to the event any gum of money becomes payable under ouch policy or policies acid 11forLKagee shall have the oFt:gin to receive and apply the same on account of the lndebtetlneas secured hereby or to permit said !?fortgaFor to receive stir! u~r• or any part tfiereof for other purposes without thereby waivfng or impafnng ant equity, lien or r•iRhi unde? or by virtue of this morigage; and in the event acid Mortgagor shall for any reason fail to keep the aa!d premises so Insured, or fail to deliver promptly any of said policies of insurance to sold 11Eorigafi:ee, or fail promptly to pay fully any premium therefor, or in any reaped fall to per- form, discharge, execute, effect, complete, comply with and abide by this covenant. or any put hereof, acid Mortg- agee may place and pay for such tnrurance or any part thereof without waiving or aftecting 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 duP and payable and shall bear interest from the date thereof until paid at the rate of ten per rentum per annum and together with such interest shall be secured by the ben of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of Wd property or any part thereof. 6. To pay all and singular the costs, charges and expenses, Including reasonable lawyer's fees and coat of at,etracta of Utle, incurred or paid at any time by safd Mortgagee because and/or fa the went of the !allure on the part of the safd Mortgagor to duly, promptly and frilly perform, discharge. ettecute, effect. complete, comply with and abide by each and every the ailpulatlons, agreements, conditions and oovenanL of ar?fd pmmL- sory note, and this mortRnge, any or either, acid said costs. charges and expenses, each sad every. shall bs mediately due and payable, whether or not there be notice, demand, attempt to collect or salt pending; and the ftt21 amount of est:h and every such payment shall bear interest from the date thereof until paid at the rate of ten per centttm per snntun; and all safd costs, charges and eapenaes so incurred or paid, together with such ln- te~e~t. si,aII be secured by the flea of this mortgage. a~323 P~~2~50