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70 ~t W fRe snn~e, together with ttie IenNne?jb. ~iler+edUamsnf~ nnd appurte-
nances thereto belonging, and the rents, tuuta and p?ofits thereof, unto the morigaOte. in jte'atmple.
~d the mortgagor covenanb with the mortgagee that the 'mortgagor to indefeasibly seized of said
land in f
es simple: that the mortgagor has good right and lawful authority to convey :aid land a of
ore-
said: that the mortgagor will make suck further aaswances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required; that the mortgagor hereby family wananb the title fo said land
and will defend the same against the lawful claims of all persona whomsoever; and that said land to free
and clear o/ all encumbrances except taxes accruing subsequent to December 31,
1979.
In the event of default and foreclosure of this mortgage, the
mortgagees agree that they will not seek a deficiency judgment.
~UWnyS, that ij said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified. !o-wit:
That certain promissory note of mortgagor of even date-herewith
payable to LEON D. MILLER in the amount of $517,500.00, payable
in annual installments commencing July 8, 1981. Interest shall
be payable monthly on the principal balance remaining unpaid,
at .the rate of 9$ per annum, with the first payment due one (1)
month fratn the date hereof. -
That certain promissory note of mortgagor of even date herewith
payable to PHILLIP P. ZIpES in the amount of $258,.750.00, payable
in annual installments commencing July 8, 1981. Interest shall -
be payable monthly on the principal balance remaining unpaid,
at the rate of 9$ per annum, with the first payment due one (1)
month from the date hereof.
That certain promissory note of mortgagor of even date herewith
payable to M. A. RAMSEY in the amount of $129,375.00, payable
in annual installments commencing July 8, 1981. Interest shall
F be payable monthly on the principal balance remaining unpaid,
at the rate of 9$ per annum, with the first payment due one (1)
month from the date hereof.
i
That certain promissory note of mortgagor of even date herewith.
t payable to M. A. RAMSEY in the amount of $129,375.00, payable
in annual installments commencing July 8, 1981. Interest shall
be payable monthly on the principal balance remaining unpaid,.
~ at the rate of 9$ per annum, with the first payment due one (1)
( month from the date hereof.
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