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Home My WebLink About1136 - s - - - - - r_.._-_-. - - ~ ~ k.+.. Ir ,1...wr.x :•ro+. w ' . . titiM/Mp<t IOaa1 >u ti ~Vlort~aue Note . ~ ` ~ ~ 2E:,000:00 `~Fb~'t Pierce , Ftordr, January 11, X80 } itft VAIUE RE6l~?!p (IM W~dNS'9M3 prowifr' 'c WY ro Fhb ceder d Vlt''~ ~Q~N wu~cy~al swn d tveniy.-six thousand. and no/lOQ-- royc?hw wNh iderast ~br+evn ar Ihd rare d ..,par cenl Ver annuw (row Janwairy 11~ 1Q$Q. unt,1 maiuntY, bah vnncw+i and inNrosl being payable in tawlul Ma»y d the llntai:51 sud? principal saw irMarsst psyabls m inslapwaM, as folbwu $451.66 per month, begin><ting February 11, 1 afire thereafter on the eleventh day of each and every subsequent t ant l in full, the final payment becoming due January 11, 1988. No p elsylae atty. i f Such instauweM paywuns sissy ba appii~ad first ro th• intarsst se«Yirg rha t.ews d Nws nol. and tfr.n ro a ndudion d Ma principal indabladsss,. TM wakens and andorsars d this note lurtirsr aarae ro waive oot~co d non~paywaM and protest, sod in 1116 swot wit shay bs brotglM ler file j colladgn tiered. or the sse» Aces b bs c~);lt~~''s'.~~' upon dewand d an , ro pay roasonablo aMOrrwy's face for watwq satin coUsction. AM paywstds Irars• under shop bear idorssl at Iha rsN d ..~!'t.....,..parcent per annuw sytwNY until psd. This noN is secured by s wortrsas d even dtW ftarsvrilh sad ~ ro i t be construed and enlartad according to 1M levee d the StaN d ids; upon dtfaup ar IM paywselts d principal and 1 or inlsrssf wMn duce, tM wltols tsla d i ~ w~nc'pal arW .roeresl rewairwng unpaid shag. at tbs option d holders, oecowe ~wlaodialely duce and payable. Failure ro oxarciss 'option shah not oongihip j a wa.vcr d tho r.yM +o oxxc~so 11?a amM u? rho ovenr d M d.fa„t,. 30 day. ace period. Stouffville, . Ont~'o IrOH 1L0 4.~-L-.. C.~........ 6-?z1.-4z1. .........csf~?t~ ~y~ . o. :uch other place vs sha4 be uh~4-- /CIA-t~•• fi tSEAt) s ces~9nared by ?he holder of ih.s ~ Dole .n wrd~tg .iSEAI) - _ ~~r and shall duly. Promptly and fully perform, dfachargtt, axscuts. effect. oomplets, comply wrfth and abide by each and every the stipulations, agreements, conditions and cov+saaats apt acid promissory note and of fhfs mortgage, then this mortgage and the estate hereby created shall'eease and be null aces void. It is understood that each of the words, "note." "mortRtigor'• and "mortgages'' respectively sad the pron- ouns referring thereto. whether in the singular or plural anywhere 1n this mortgage, shall be singular ff one only and ahati ba plural ~olntfy and severally, it more than one, and shall be masculine, feminine and/or neuter. whet ever the context so implies or admits. Md said Mortgagor for himself and his heirs, legal representatives, successor and assigns. hereby coven. ants area agrees to and with said Mortgagee. hit legal repreaen4tives, successors and assigns: 1. To pay all and singular the prinMpal and interest and the variow and sundry awns of money payable by virtue of said promissory note, and this mortgage, each and every. promptly on the days respectively the cams severally become due. To jisy ail ar.3 iiFi6+3isF ti @ '~.:co. ts::.::.:.cr.;s, 1LYi~s. lis>zilitle!, nhligwlint~s wn.t incusnbranoea of even nature and kind now on said described property. and/or that hereafter may ba imposed, rruttend, 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 Iaw, before they become delinquent. and before any interest attaches or any penalty is incurred; sad in so tar as say theraoi b of record the acme shall be promptly satisfied and discharged of record and the original oKidal doeumeat (such ace, for instance, the tax receipt or the saWfaction paper ofliciaily endorsed or certified) shall bs placed !n the haada of said Mortgagee within ten days next after pa)•ment; and in the event that aaq thereof 4 not so paid. aatlsfied and discharged. ssid Iylortgagee may st .any titre pay the same or any part thereof witbout waiving or affecting any option, lien, equity or right under or b~ rirtue o! this mortgage, end the full amount of each and every such payment shall be immediately due an.l Payable and shall bear interest from the date thereof until paid at the rate of ten per centurn per annum a:.d together with such interest shall be secured by the Hen of this mortgage. a. To place and continuously keep on the buildings now or hereafter dtuate on said land tare and windstorm insurance in the tuual standard poUcy torn:, fn s sum not less than i...~1311_ID8r$!~t.. Y,Aaut:.....__., in ouch com• pang or companies as may be approved by said Mortgagee; sad all such inauesncs poHdcs oa any of raid build- 1ngs, any interest therein or part thereof, !n tl?e aggregate sum atoresald or in excess thereof. shall contain the usual standard mortgagee clause .making the loss under said poHdes, each and every, payable to said Mortga. Bee as his Interest may appear, and each and every such policy shall be promptly delivered to and held by Wd Mortgagee; and, not less than ten days fn ad~•ance of the expiratloa of each policy, to deliver to said Mortgagee a renewal thereof, together with s receipt for the premium of such renewal' and there shall be ao such insur- ance placed on any of said buildings. any interest therein or part thereof. unless in the form and with the Cosa payable as atoreaald; and in Lhe event any sum of money becomes payable under such poUcy or poHdes said Mortgagee shall have the option to receive and apply the same on account o! the indebtedness secured hereby or to pe: mil said Mortgagor to receive and use it or any part thereof for other gurposea without thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage; and is the event acid Mortgaaggoor shall for any reason fait to keep the acid premises so insured, or tall to deliver promptly any of said polictea of tnsuranee to-said Mortgagee. or fall promptly to pay fully any premium therefor. or in say respect tall to per- form, discharge. execute, effect. complete, comply with and abide by this covenant, to any part hereof. said Twlortg- sgee may place and pay for such tnausann or any part thereof without waiving or affecting say option, lien, equity or right under or by virtue of this mortgage, and the full av?ount of each sad every ouch payment shall ba immediately due and payable and shall bear interest from the date thereof uaW paid at tM me of ten per oentum per annum and together with such lntersat shall bs secured by the Hea of thL mortgage. t. To pereait. commit or suffer ao waste, ttnpairmsnt or dstsrioratloas of said prsparty or any part thereof. 1l. To pay W and singular the costa. charge arid expenses. including reaaoaabls Lwyar'r far sad cost of atratracta of title, incurred or paid at any time by acid Mortgagee because and/or to the svertt of the failure Dare the part of the said Mortgagor to duly, promptly and tuuy perform, dfschargq, ratecnts, sittct. oaaplets,, _ comply with and abide by each and every tits atlpulatlonaw, agrsementa. eonditiotta sad oovaunts of said promL- aory note, and this mortgages any or either. and said costar duvgss and satpeasea. ereh and o~?sry. shall bs tm- msdiately due sad payable. whether or not there >M notice, deataad, attempt !o collect oar salt ;and the lull amount of sae']t sad every such payment shall bear iatsraat from tM dais thst+sof' until at rate of _ tea per centum per annum' and all said costa, charger sad eatpearar ao lncttrred or paid', together with such fn- - trwt, shall bs recnred b~ the HaII of this mortgage. v~ P~~~