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30 ~ ~ the same. together with the tenemenb. heredttaments and appurte-
nances thereto belonging. and the rents, tunes and pro(lts thereof. unto the mortgagee. to (N simpb.
the mortgagor cownantt with the mortgages that the mortgagor it rode/iastbly seized of sold
land to /ee simple: that the mortgagor hat good right and law)ul authority to oonwy sold lord as a/orw
sold: that tke mortgagor will mobs such further assurances to perfect the (N simple title to said land in the
mortgage. at may r+tasonably bs regatred: chat the mortgagor hereby f
uUy wan+nnb the title to sold lend
and will defend the same agatrut the law/ul claims of all persons whomsosnir: snd that sold land is f?+e
and clear of all rncumbnancw except taxes accruing subsequent to December 31,
1979.
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~~5; that l f :aid mortgagor shall prey unb sold mortgagee ehs certain promts-
spry rate heretnnf
ter substantially copied or tdentif
led. to-wit:
- ive
I Promissory note in the amount of One Hundred Twenty F
($125,000.00) Dollars bearing interest initially at the rate
of Seven (7$) percent per annum and payable in accordance
with the terms thereof. The maturity date of said note
is May 1, 1983, but said maturity -date :may -be extended for
a period of up to but not exceeding thirty (30) years if this
mortgage is subordinated to a construction mortgage as hereto-
fore provided. The interest rate may vary as provided by
the terms of said note.
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