HomeMy WebLinkAbout1895 ' f
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ifOR VAIW RECEIVED, live unliiotsi~nod, ~oiMly and sowrally, f+ROMISE TO pAY N tho K+M? af._-._
THEODORE BAUER------------------------------------------------------------
TWENTY THOUSAND EIGHT HUNDRED an$ no/X00-----------------------------pp~~, '
. at 314 - Mar3.n4-•Bank~-~Suildin --Erie Pa. -1fi5A1..--.- - a stuh Nha? plan. as tho hole..
• ~ b.tr..f a~ay dotli~naN M wl'itinE 1eo.1h« with intorosf frola A~.D_. ~17i4~i1~ !Ak.QV4' - - - .
at tIN traN st _.i.3.$~. pM amvla por aantlta ow the unpaid balance tilatil mawritll. The said priadp~al sad ieNnq shall
ba dw sad payable as follows:
5310.58 a month, the first payment being due one month from the date
shown above, and continue for each month thereafter until paid in full.
This sum of $310.53 paid each month shall first be credited to interest
and the remainder to the principal of this obligation. THIS HOTS MAY BE
PREPAID AT ANY TIME WITHOUT PENALTY. ~
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~ aarww wti) Md. iM w>~an awl awlwrwn w1 IAis wwN ivAAar waive Awuw?, wavers wt wM*arwnw~ awl NMasf. M Ilea wMa is vest ac
iwahr?iIr ad uM •aw~a is ~bc.d rrdw aw alcwcway IN c~d:ww. IIN waken and awdanan MwHt aMaa N pr aM taelc wf c~Naetiew, iwsNriwa all cw.1
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--Tlioiiias Sweeney J
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~ Jf~an K . Sweeney ~ •
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and shall duly. promptly and fully perform, discharge, execute, effect, completes, comply wrth and ab[ds by saaL =
and every the stipulations, agreements, condttions and covenants u[ said prum~ssory note and of thin mortaa~s.
then this mortgage and the estate hereby created shall cease and be null and votd. ~
It is understood that each of the words. "note," "mortgagor" and "mortgagee" respectively sad the prop-
ouns referring thereto, whether in the singular or plural anywhere in this 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 ao implies or admits.
Md said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
ants ana agrees to and with said Mortgagee, his legal representatives, successoro 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 becomr. due. ~
2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances o[ every
nature and kind now on said described property, and/or that hereafter may be imposed. suffered, placed, levied
or assessed thereupon, andior that hereafter may be levied or assessed upon this mortgage and/or the indebted-
; ness secured hereby, each and every, when due and payable according Lo law, before they become delinquent.
and before any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same
ahall• be promptly satisfied and discharged of record and the original o[trcial document lsuch as, for instance,
J?e tax receipt or the satisfaction paper officially endorsed er certitied? shalt be placed in the hands o[ said
Mortgagee within ten days next after payment; and in the event that any thereof is not ao paid, satisfied and
~ discharged, said mortgagee may at any time pay the same or any part thereet aiihout wain^:rig or affecting
i any option, lien, equity or right under er b~' ~•irtuP 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
l at the rate of ten per centurn per annum and together wtth such interest shall be secured by the lien of this
~ mortgage.
3. To place and continuously keep on the bwldinca now or hereafter situate on Bald land fire and windstorm
insurance in the usual standard policy form, in a sum not less than = in ouch com- '
pany or comp^aics as may be approved by said 1?fort{;a~ee; and nil such insurance policies on any et 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 lass under said policies, each and every, payable to said Mortga-
gee as his interest may appear, and each and every such poGey shall be promptly delivered to and held by said
l:fortgagee: and, not less than ten days in ad~•anee of the expiration of each policy. to deliver to said Mortgagee
a renews! thereof. together with a receipt fir the premium of virrh renewal: and there shall be no such insur-
once placed on any of said buiidings, any interest therein or part thereof, unless in the form and with the loss
payable sa aforesaid: and in the event any sum of money becomes payable under such policy or policies acid
Mortgagee shail have the option to receive and apply the same en account of the indebtedness secured hereby or
to permit said Mortgagor to receive and u.e it or any part thereof for other purposes without thereby waiving
or impairing any equity. lien or right under or by virtue of this mortgage; and in the event said Mortgagor shall
for any reason [ail to keep the said prPmi4es sq insured, or tail to deliver promptly any of said policies of
insurance to said Dtertgagee, or tail promptly to pay fully any premium therefor, or in any respect fall to per-
g form, discharge. execute, effect, complete, comply with and abide by this covenant, or any part hereof, said 1liortg-
ogee may place and pay for such insurance or any part thereof without waiving or affecting any option. lien,
equity or right under or by virtue of this mortgage. and the tt~ll amount of each and every such payment shall
Y be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per
u centum per annum and together with such Interest shall be secured by the lien of this mortgage. l
4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
6. To pay all and singular the costa, charges and expenses, including reasonable lawyer's fees and cost of
1 abstracts of title, incurred or paid at any time by said l+tortgagee because andior In the event of the failure
on the part of the said Mortgagor to duly, promptly and fully perform. discharge, execute, effect, complete.
rnmply with and abide by each and every the stipulations, agreements, conditions and covenants of said promis-
~ sory note. and this mortgage, any or either, and Bald costs, charges and expenses, each and every, shall be Im-
medintely due and payable, whether or not there be notice, demand, attempt to collect or salt pending: and the
full amount o[ each and every sucR payment shall bear interest from the date thereof until paid at the rate of
ten per ctntum per ar?num• and all said costs, charges and expenses so incurred or pall. together with each in-
terest, shW be secured by the Ifen of thL mortgage.
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