The URL can be used to link to this page

Home My WebLink About1020 • ~ <:OR YALIIE RKEIVEDr tits uttdersi~n~, ioMttir a~td tiwordiy, pROMiSE TO siAY t. tIN sxdds~ ~ t ..FIFTY- ..TH-QUE~1D.. axial- no./.10.Q-----_------------------------------------ootu?RS, a P o. • off. H',~.'1~. c~NA C~9.~ iM~ s~ • ..H ~!P?-?.. - or titrd~ ~Ml« pfaa w the holder hereei !way detonate ie wrNinY te~efMr with int~st froth data.. shown .dibQVB ~ st tM raN of 10 $ per ceMunt pier ~nnattt Ott tM unpaid balm until tttaturitp. The said prindpal attd interest shalt be dw and payable as fellows: $11,200.00 principal balance plus acctamulated interQet due annually, first payment being due onQ (1) year from date shown above, and each year there- after for a total of five (5) years until paid in full. THIS NOTE MAY BE PRTPAID WITHOUT PENALTY AF` DER ONE YFAR- ti N rafasN b ,raara hr 15 Bari iw IM prw,awf'ef say issuNwawr d principal N labratl N awy part ~brN/, Ile .rAaM awn IAaa ,raaiaiwe nwp.ir wilA iwlansr sbH a. btra.'s NMA bc~,~a rw a"~ patlatrh w'~fAaw H1ica. faiMua N aprsiN arsA MtiM sAaM ,w1 tMSti1W~ a waiver of ~M ryM a •aaniw Na saws is ~Ir a~am .f s~A+Nwwl ralauh. Afar ,aatrrilr btA priwcipal am acuwr iahrasl shall bar iwans~ sl j, 0 $ /a, cMhrw S s• par awnwa wtii 'air. ib wa~ara aver asdarwrs at IAis wNa lartl~ar waive raiwaer, wNici tl wMyayNM aver p,NM1. N Min MM if wN pair N ~ aaMUeify aver IAa •aM is plaear wi1A M alNrwar /ar ealbef.~w. fire waken ear awMrsara INrMf a~ N 'ap all c.sb d eaNasfiM. iaeArriuH all ewA uw ad aawsarM ana,way s` ~ , S ~ • t • (SEAL) - J~~~ , - rnest R, n el Acted: ~ ~ Catherine Huf agel i~~~~~i~i~i~i~i~I~i~i~i~i~i~i i i~i~i~i~i~i~i~i~i~i~i~i~i . i~i~i~i~i~i*~ ~i~.~i~i~i~i~i~l~i~i~i~i~i~i~i~~~1~i~~~i~i~i~i~.~.•.~~~~~~~i~~~ , and shall duly, promptly and fully perform. discharge. execute, ef[ect, complete. comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and~the estate hereby created shall ceax and be null ana void. It is understood that each of the words. "note," "mortgagoY' and "mortgagee" respectively and the proa- ouns referring thereto, whether in the singular .or plural anywhere In lhls mortgage, shall be singular it one only and shall be plural Jointly and severally. if more than one, and shall be masculine, feminine and/or neuter, wher- ever the context so implies or admits. And said Mortgagor for himself and his heirs, legal representatives, auccessore and assigns, hereby coven- - ants ana 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 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 the twces, asses.4ments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described properly, and!or that hereafter may be imposed, suffered, placed, levied or asseeaed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- I Hess secured hereby. each and every, when due and payable according to law, before they become delinquent. j and before any interest attaches or any penalty is incurred; and in so far es any thereof is of record the same shall be promptly satisfied and discharged of record and the original official document (such aa, for instance, Lhe tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and 4 discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or affecting any optibn, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten pet centurn per annum and together with such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the bwldinga now or hereafter situate on said land fire and windstorm insurance in the usual standard policy form, in a sum not less than in such com- pany or comp^nies as may be approved by said Mortgagee; and all such insurance pc+liciea on any of said build- ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the less under said •policies, each and every, payable to said Mortga- gee as his interest may appear, and each and e~•ery such policy shall be promptly delivered to and held by said Mortgagee; and, not less than ten days in ad~•an~e of the expiration of each policy, to deliver to said Mortgagee a renewal thereof. LoRether with a receipt for the premium of such renewal; and there shall be no such insur- ance placed on any of said 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 said Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity. Ifen or right under or by virtue of this mortgage; and in the event said Mortgagor shall for any reason tail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said I?fortgaRee, or fail promptly to pay fully any premium therefor, or in any respect fail to per- form. discharge, execute, effect, complete, comply with and abide by this covenant. or any part hereof, said Mortg- ages may place and pay for such insurance or any part thereof without waiving or a[fectlng any option, lien, i equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall 4 be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per i centurn per annum and together with such interest shall Ue secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterlorauon of said property or any part thereof. J 6. To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of title, incurred or paid at any time by said Mortgagee because and/or !n the event of the !allure on the part of the said Mortgagor to duly, promptly and fully perform. discharge, a:scuts, effect, complete. comply with and abide by each and every the stipulations, agreement, conditions and covenants of acid prom~s- sory note, and this mortgage, any or either, and said costs. charges and expenses, each and every, shall be Im- mediately due and payable. whether or not there be notice, demand, attempt to oottect or suit pendtng• and the full amount of each and every such payment shall bear interest from the date tbereot unW paid at the rate of tea per centurn per annum; and all sold costs, charges sad expeasss so /ncurrsd or paid, together with suet fa- terest, shall bs secured by the lien of this mortgage. 6aDK~ P/iGE~~J i E ~ _ - ~r