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~ruuided ~llUttya, that if said .Mortgagor .shall pay onto the said JFfortgagee
the certain ptrornisaory note, oJ' wlttch the j'ollorving in uTorda and figures is a trtee copy,
to wit:
;35.OQs/..a.4Q. Fbrt Pit~rve iiosida npr it .28.tb.. ro 80
iCtR VAUIE NECEIVEO tf+» tMtd~rsiptttld proasiscs a t>aY to Ilw «der d
Genevieve....V... axon,, anc~ nixie. Lee • Schrol l
the p.tntipal sta>" ~r..Thix~y.-F..~Y.~...~nd.. arxi.. ~m/f 10~--------------------°--oolla.: is 35.000.00---~.
togother with ilNeresl Nteraon hosts daN, al 11?e rate of t~'!K':1VC....\12~.-..`-.-.""Pw cam. Par annum urrd n?stvdY. sad +nlrresl
be,ng payable monthly _ ~G~CKX ~,~x ~ ~ .
?4,KrX~k+lb. bosh principal and inl«eu be;r?g payable in lawful money d tl?e United Stales « its egwvaleN, at resident .address Of payee
....................said pru+cipal sum to be payable on IM dates and in the amounts specd+ed bebw, lo-wd:
Interest only will be payable monthly in the amount of Three Hundred Fifty
and no/100 Dollars ($30.00). On >\~ril 23 1931, the entire principal
sum of T'tirty-Five Thousind and no/1 00 Dcil l.irs 3~i, 000.0(1) wi 11 h<~ .~luc~
.Intl payat~lc.
interest payment shall conmlence one month from date hereof.
This Note may be prepaid in-whole ~r in {part without penalty, after six (6)
rn~nlhs from date.
I E.+ch mater and end«sw saye+ally wsives demand. priest .?nd nol+ct' of malrwdy. r+on-paymer+t « protest and all requiremtmts r+acessary to hold axh of
f tMvn t+.dJe as melee ,a?rl crwfwu•rs
Each mater and ernforser further agrees. ~antly and severaNy, to pay aN cods d coNed+on, inchsdr+g a reasonable sH«nay's lee in case tl+s principal of
this note « dnY paY~'nt on tl+e p~nc+pal « any iMeresl Ihneon is r?nl pwf al 11+e respe•etiw malurrty 11+errtof, a in case J becomes necessary b protect IM
a.•c+w~ty t+ercol, whether wd be bought a r?ol
IMa note amf deterred +Maest paymeMS stwll bear interest al the rate o) -.-1.2.--.-per cent, per arw+uw from matwily until pad.
Th+a hole is secured by a first -.mplg.+ge d even d+te I+r•rewuh and is 1o be conalrurK) and enlorced act«d+nq so the I.iws d the Stria of Fla+ds.
.qx+n at.•I.+uldln It+e p.+ymca?t d pp+ap.+) andl« ml+veal due on any nol+• aecwed by awd Mwtg.+ge, all Doles so secaed and rerr~uning unpad shall lathwdl+
~ac.xne and payable with ending Iheir tenor
:end such de~aul t continues for 30 days , ,
(Seal)
Wil 1 ism .NI:. Arpino
. ,
Cat~icrinc~ 5. Arninor ~
and shall perjornt, Pomply with sail abide liy etch and et•ery .the stipulations,
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and tlce estate hereby created shall cease tend be null and void.
,~ttd the said „Mortgagor hereby covenants and agrees:
j .1. To pay all ctircl singular lire principal and in.t.c•rr~st and ntltPr sums cj money
payable hit r•irtue ~,j said prnntissrrr~l nc~tP and this deed, nr PtthPr, prc~ntptlrt r?u the,
days respec•tir•ely the same sei•erully come. clue.
Tn pay all and sirr6ulcrr the taxP3, assessnt.Pnts, ler•rPS, liabilities, nbli~utians
€ 1 i . ~ r t r~i . said d esrri bed ro Prt r ea ~•h artcl ever ,and
an 1 enc•rcnahrances of er erJ nature r p p y
if the same be not promptly paid the said .Mortgagee may at any time pay the same
without rcaiving or affecting the option to foreclose or any right hereunder, and every
payment so made shall bear interest from the date thereof at the rate of twflve (12)
per cent. per annum.
J. To pay all and singular the ecsts, char6rs and expenses, incltuling lawyer's
fees, reasonably incurred or paid at any time by said ,~lTortgagee because of the failtcre
on the part of the said .hfortgagor to perform, comply with anal abide by each and
every the stipulations, agreements, conditions and covena.ctt~ of said promissory note
and this deed, or either, and every srcch payment shall bear interest from date at the
rate of twelve (12) per cent. per annum.
~ To keep the brci.klin.6 nnw c,r hereafter oir said land insrtred in a sum not
less tluiu its highest ~rlsurable value-
; ~ Uullurs, in a company or rv~nrpuniPS to ~
be approved by saidMortgagee, and the policy or policies held by and payable to said
r ` .Mortgagee, and in the Brent any sane of money becomes payable under such. policy or f
policies, the Jtitortgagee shall have the option to receive and apply the same on uccorcnt ~
~ of the indebtedness hereby secured or to permit the .1~fortgagor to receive and rose it, or
1 any part thereof; for other proposes, wi`,hout thereby waiving or impairing any equity
lien or right under or by virtue of this mortgage, and may place and pay for srcch
insr~rctnce or any part thereof, without waiving or afj'ecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
at the rule oftwelve (12) --per cent. per annum.
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