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Home My WebLink About2040 y'.'.Lt?~ifi6fiS+G>fri4S?*.tr•~?.•.•.~i•.•.•.•.•.~.•.•.•.•.~.•.'.•.•:.•.•.•.•.•.•.•.•.'.'.•.•.•.•.•.•.'.•.•.•.•.•.•.•.•..•.•:.•.:•.•.•.•.•.•.•.:•.•.•.•. ;'.'.•,•,•,•,•,•,a,~.•a ; 1fl,94.4_.-Q4-------•- March ~4, t9 80 FOR VAIUE RECEIVED, the undersigned, iointly and severally, PROMISE TO PAY to the ort?er of _ _ _ - _~~.~~~_..,~_,____,j~!~~~_ ~~d_ PEf:GY A.-_JANIS his wife- _ _ , __~SiliTFE~i_-.~~uSt~~ AND Nn/100-- ---_---.--------------•DOLIARS, at ? 8Z7__._Q~s_~~~.n~~ a. $e~l in , -Maryland 21811 _ _ _ _ _ or such other place as the holder hereof may designate in writing together with interest from DEFAULT_____..._. . _ _ . at the rah of 0-________ per centum per annum on the unpaid balance until maturity. TM said principal and intent shall be due snd payable as follows: ti PAYABLE 0?V OR BEFOP,E 1 July 1980. ~ , L . If dd.trh Ise made ter ~.0 dars in the payntant of any instaNtrtanf of principal o? interest er any part tMraof, the whet suwt Mew rewrainine unpaid with inNresf shall at holder's option bacoate-duo and parabh? without notice. Failure to e><ercise strcA epfieo shall net cowtfitoto, O waiver of tlw right to exercise the same is the want of subsarrwn! default. /after aaturity Beth principal sad accrued infects! shall bear inNrest ai 1 ps? tantum per inalYM until paid. the rwakers and endonars of this pots further waive demand, notice of nonpayrnenf and pretest. ff this note is not paid at ~nawrifr snd the same is placed with an attorner for collection, the nukars and endorsers ha?eof agree to par all costs of collection, including all court costs and reasensble eflerwer toss. ~ ; .s k X l (SEAL) LAU E 0 Attest: - _ TALI CE A (SEAL) v ~ 4 - - - - . - - - (SEAL) - ~~~~I~I~I~~~I~1~I~I~f~IfI~I~I~I~IfI~I~I~~~I~I~I i i~i~i~i~I~I~I~i i~1 I~I~~ e~i~i~i~I~I~i~i t•~~ i~i~i i i i~I~I i~i~ial~i~I~I~I~I~I i iii i~~ iii ?~i i~i~i i~I~r~I~I~i~i~i~I~I~?~i~i~I~I~i~? and shall duly, promptly and fully perform, discharge, exer•ttte. rt[r~•t, complete, comply with and abide by each and es~ery the stipulations, agreements, conddincu and covenants tit s:ud pmmiss~ry note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null anti ~ oui- 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 atngular ft one oNy and shall be plural jointly and severally, it more than one, and shall be rna_uuline, temtmne and/or neuter, wher- ever the context ao impLes or admits. , And said Mortgagor [or himself and his heirs, legal representatives, successors and assigns, hereby coven- ants aria 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 o[ 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, IiaDiGties, obligations and incumbrances of every i nature and kind now on said described properly, and%or that hereafter may be imposed, suffered, placed, levied ~ or assessed thereupon, andior that hereafter may br Irvied or assessed upon this mortgage and or the tndebted- ~ ness secured hereby, each and every, when due and payable according t~ law, before they become delinquent, and b.-tore any interest attaches or any penalty is iitcurrrrii and in so far as any thereof is o[ record the same shall be promptly satisfied and discharged of record and the original offtctal ri~cumenl !such as, for nistance, f the tax receipt er the satisfaction paper officially endorsed or certitiedl shall be placed in the hands of said i Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, aaUstied and discharged, said I?tortgagee may at any time pay the same or any part there[ without wais~ng or affecting any optiDn, lien, egmty or right under or by vtrWP o[ this mortgage, and the full amount of each and every such payment shall be immediately dtie and I•ayable :?n~t 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 thin mortgage. 3. To place and continuously keep on the builriin~s now or hereafter situate on said land tiro and windstorm insurance in the u~ua•1 ,tandard policy form, in a sum riot less than i I"1aX111111IT1 _ _ In such com- pany or comp- rile s as may be approved by caul lltnrt~a~~•e: an•f all voch insurance policies on soy of said build- ings, any interest therein or part thereof, in the ag~rrgate sum aforesaid or in excess thereof, shall contain the usual standard mnrt~agee clause making the b~~s under said pobcirs. each and every, payable to said I?ir?rtga- gee as his mteresi ma~• appear, and each and ace: y siu h pnhcy shall be promptly delivered to and held yy said Dortgagee; and. not less than ten days in adti•anre of the expiralinn of each policy, to deliver to Bald Mortgagee a rene~.val thereof. together with a receipt for the premnim of anrh renewal: and there shall be no such insur- ance placed on any M paid 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 acid Mortgagee shall have the optiiin to receive and apply the same nn accoupt of the indebtedness secured hereby or to permit sa,d Mortgagor to receive and uce it or any part thereof !or other purposes without thereby waiving or impairing any equity, lien nr right under or by virtue of this mortgage: and in the event said Mortgagor shall for any rPas~:i fail to keep the said premises so in.iired. or fail to deliver promptly any of said policies of insurance to sail llinrtg:cgPe, or fail promptly to pity fully any premium therefor, or in any respect tafl lcs per- form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said Mortg• ages may place sort pay for such insurance or any part thereof without waiving or affecting any option. lien, equity or right under ~r by virtue of this mortgage. and thr• full amount of each and every such payment shall be immediately due and payable and shall bear interest from the dste thereof until paid at the rate of ten per x 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 deterloratton of said property or any part thereof. . 6. To psy all and ainRttlar the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts o[ title, Incurred or paid at any time by said Mortgagee because and/or b the event of the !allure on the part of the sold Mortgagor to duly, promptly and fully perform, discharge, a:acute, effect, completer comply with and abide by each and every the stipulations, agreements, conditJons and covenants of said promis- sory note, and this mortgage, any or either, and sold costs. charges and ettpetues, each and every, shall be Im• mediately due and payable, whether or not there be notice, demand, attempt to collect or stilt pending: and the f[tll amount of each and every such payment shall bear Interest tram. the dab thereof uaW paid at the rate of ten -per centum per annum • and all safd costs, charges sad e:peasas so Incurred or paid. together wrlth sucb fa- ' forest. shall be secured by the ilea of this atortgap. • 811UK ~ PIGE