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~o ~iaue and to ~inld the same, fogefhe? with the tenements, heredilamenls and appu?fe
nances Ilterefo belonging, and the rent, tasues rind profits Ihereoj, unto the mortgages, in jee simple.
end the mortgagor covenants uwifh the mortgagee that the mortgagor is indefeasibly seized of said
land in fee simple; ~ tha! the mortgagor has good right and lawful authority to rnnvey snid land as of
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said; that the mortgagor will make such further asstuonces to perfect the jee simple title to said land in the
mortgagee as may reasonably 6e required: that the mortgagor hereby fully wnrrants tlae title to said land
and urill defend the same against the tau/jut claims of rill penoru whomsoever: and that said land is free
and clear of all encumbrances
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~COU~ded ~tways, that ij said mortgagor shall pay unto said mortgagee the certnin promis- '
sory note hereinafter substantially copied or identified, to-wit:
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j FOR VALUE RECEIVED, the undersigned,jorntlyandseverally. PROMISE TO PAY to the order of Terence M, Saunders On
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~ Fifteen thousand dollars and no/100******************************* DOLLARS,
at APt.2010, 440 Gloucester St. , Ottawa, Ontario, Canada orwchotherplaceastheholder
hereof may desgnate In wrlting, together with Interest from date at the rate of 1 5 per centum per annum on the unpaid balance until maturity. s
Thesaufprinelpalandinterestfllsllbedueandpayable in 120 monthly installments of $242.01; first
f payment due Hay 15, 1980 and subsequent payments due the 15th day of
each month thereafter until fully paid.
Prepayment may be made at anytime Without penalty.
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t 1/ delault be made fur days m the payment o1 any 1nStallmint of prmUpal or rnterESt or any part ihlreol, the whole sum then rematmng i
~inGa~tl with ~ntereSt Shdit at holder S opUOn peCOm! due and payable wlt howl notate. Fanure to exerUSe such Optron shall not consUt ute awave. of the t
! n eae,use the Same ~n the event of Subsequent tlefaull. Alter maturity both prinupal and accrued mtertst Shall bear mtereSt at~~per Centum per
' annum until paid. The nUklrS and tndorSerS Of (hK note IwthN warve demand, nOUt! Of non-payment and protect. If tMS not! K not Pa~tl dt maturity 3
f~~d the Same ~S plaCtd with an dllor ney for COIIeU~On, the maklrS and endorsers hNlO? agree IO pay all CoStS Of Collection, mclWmg all court Coits and
! seasonable attorney fees.
J C~J~~ c iAf-1 Ff~Uhvo 7~ (SEALI
it i_am Faugno Jr.
~ S /A F ~ C~ (SEALI
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