HomeMy WebLinkAbout0489 ~r11U~P~ ~tt1~1~8, that if said .hfortgagor shall pct z>tnto tJae Fairy Jllortgagee
the certain promissory note, of rahich the following in:aords a>rtK ~iigrtr•ro~i8 a true copy,
to wit:
` I~c~rt~ tric•r~k.~ rl«td. ,t~Nril ...3rd... _..1,13Q
fOR VAU~ ~ECEIVIp ttr wttaniped poises to o+w to Mwr «Aer d
1'AUir ~RIS(.'IIKORN, Jlt. an(1 t'111tItuLM l~itl5Ut::)ItfJ, ~li:. wile,
.
nrtuart ~t rIU, Ot)p. QO---t.
tlr. prrnrgral tww d --At1tlIrTY T1lQt1S1\i,tU ,1:.1J...N?~1.1..~Q.-.-.-.--.--------
s~ cer•t. Iw'r 111)11!111 until m.ttarlr. s.nd entrees!
toyNher with inleresl thereon flan dale. al flee ralr d t.tla.r i:Cen (1..3.~.... tw'r
be,rrg varattb rlonthly.. ~t.•`iK ~1r~ 'rir.'b
rerlr Yr'•tr. bosh twurayral aMl inlaotl ttryrw) p.ty.tt•M• ur Lrv.1u1 rrwrrr•r r.l tfr.• ?Inih`rl til.rt••t err rH r rprrv.drrJ, .d 1 f •':ll ll `Iit it(.k.tt l.`:i•: t )t ellytx)
:?11~i Illtl`I t`Sl
_ _ . st:,1 puncgt.tl s~to be p~r•rbk on the •latrs and m thw anxwntt tix•cdrrd below. lo-wrt
'Phis note is payable irl. six (6) consecutive Irn~l~thly principal payments of
$15,000.00 each plus interest on the unpaid principal tk-llance at_ 13" simple
interest per annurl. Princii~al anti int.rr(•st i !)ayabl.c mc)nthly. 9'ht~ first
principal installment $1~,n~0.00 plus inte~r~st c)n the unpai(l NrinciF)~11
balance shall be due kin M.~y 3, 19Rn.
k
i ~ otrtl .?nd ndree d mal«ilr, non paYmenl or polntl and sN requueererdt necestarY to hold each d
- E.rch ma?rr and endo~ta seviyally wawcs demand. W
Ihr'rn h.d,l.• at m.•Irvt .rml r•M?Oltrtf t t all cosh d cdkctton, including a reasonable attareey's tee m case the prncrpal d
- Each ttsaler and end«sd rwther agrees, Ian11v end seveiaNy, o P r to otetl the
- th,•. note « anY ptrnrenl on IM princr~al a any inleresl )hereon is not yard a? the respective malrNAy Iltereol, ex in case tt becomes rtscessarr W
w circle ~•ri'd• whether curl be broug?rl p nd - 1 cM1, DM arirwtm hom m•rlutd? rurtil p.i.r1
lhrt nolc arwl d.•Irrrad mtcrrll prY~-'tits than t>nu rnl~rrtl al Ilw• ralr rd - . ~M'
Ihrs ndo n trxwr•d bra Elrst mwtV.tyr d even d.dr hr~ir•wrlh and n to Ire c.rittiur.l acre! enlaced accordrnq to I?ir Iaw+ d IIM SNte d ilorrda.
upurr d•I.iulr~iri Iha• p.trmerrl d prrncip.d andl« entrust!*1w• on;~ Y rMM~ilur:i(~r )ill tt9(~t()I1 t L
1 Ul'S~ •t 3r~r~~~~~-d till lorlhwrlh
t.v.rrrrr• diir• ..rid s.ayablr• nofwilbtl,irtdrnq thlw Mnrr ~~1
tu~~tt C:1'I•t~U~, ~ . , . , ~ . _ ~ ~ ~ ; I ~ < < (Seal)
- lay : ~ 13~~li C'. Shaw ; ~~Presic t
(Seal)
and shall perform, comply with and abide by each and every the stipu&ttions, agree-
ments, conditions and covenants of said promissory note and of this deed, then this
decd and the estate hereby creat,Pd shall cease and be null and void.
I
•~ti~ the said Mortgagor hereby covenants and agrees:
1. To pay all and singular the principal and interest and other sums of money
payable by virtue of said promissory note and this deed, or either, promptly on the
days respectively the same severally wine due.
Q. To pay all and singular the taxes, assessments, levies, liabilities, obligations
and encumbrances of every nature on said described property each, and every, and if
the same be not promptly paid the said .~Kortgagee may at any tinge pay the same
without waiving or a}fectirag the option to foreclose or any right hereunder, and every
payment so made shall bear interest from the date thereof at the rate of --13----per
cent. per annum.
To pay alt and singular the costs, charges and expenses, including lawyer's
fees, reasonably incurred or paid at any time by sa,irl .Mortgagee because of the failure
on the part of the said Jilortgagor to perform, comply with and abide by each and
r every the stipulations, conditions and covenants of said promissory note and this deed,
or either, and every such payment shall bear interest from date at tlae rate of
--13----per cent. per annum.
To keep the buildings now or hereafter on said land insured in a sum not less
( than its highestinsurable val>~e--- dollars, in a company or companies to be
approved by said Mortgagee, and the policy or policies held by and payable t~o said _
Mortgagee, and in the event any sum of money becomes payable under such policy or
policies, the .lrfortgagee shall have the option to receive and apply the .came on account
of the indebtedness hereby secured or to permit the ~Kortgagor t~o receive and zcse it, or
any part thereof, for other purposes, without thereby waiving or impairing any equity
Lien or right under or by virtue of this mortg-age, acrd naay place and pay for such
insurance or any part thereof, without waiving or affecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
at the rate of---13--------per cent. per annutJy~, , ~ , ~
8t10!(~ `r~ ~ ,