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HomeMy WebLinkAbout1309 ~ 1 f 90,000.00 COCA fit. I.tr1L' !Ocf:Obe'r 1980 FOR VALUE RECEIiIED, t>,e ~i~s4. ifo~1 a~i swwatt!?. if amore tt+an sees) to [ley to OQl'l~Qd b'rAZES LIFE A~ ~FAI.ni IIE OQ~Dff, a Georgia Garpoacatian or order, in the maw her+einaftet speoifee4, the prao~at ewe d NII~IY ID atltd HD~/lA~-- ts9Q.(ItIO.OQ With interest horn date at the eaAe d 11.000(~er oerK. tea aerrrw aw rue 6eitawoe tiara owe w limos etiwieeiu~ unpaid The said printipet - and inmost shall be payable in lawful aegery d.he tJiwited stases d A.arres at P_O. BOa[ 2214 Atlalta, Geoecgia 30301 or at such pleas as mey hreafter 6edeei~naaed bt? rriceee noti~oe bow tl~e raider m tt~e avatar teteof, an the date and in the awmer fdiowiet0: _ _ Principal sad iaberest 3s payable a.and><ly in equal ~altaeantQ 8$ f~llots: - Beginning on De~oenbec 01, 1980, the su• of $882.10; a4d the ease soon[ m the sane of each month, m year et~ire principal sty of $90,000.00 together ~itit interest, as herein provided, hays best paid is full. All parymants are ~ be applied fast to i>oterest at the rare specified hezuo~n upon t2ae principal strt of •$90,000.00 atr so t>ud>< dtte~eo~f, as tttay fray ties ~ time remain unpaid ~d the halanoe of eadt paysesot shall be a~1i16d to principal_ ~ i n ~ ~ ~ This mte is prepayable is in p~ at aiy ttn¦e f~thoy[ penalty_ ~ 6 This note with inaxest is st~ourad a s rooredepe ea+ eel estate, d seen disc iterewtt~, wade t~/ [tee nuirer hereof in faror of the said payee, and shall be construed aM enfanoed aooardied ti ie teas d tirc State d F1,Ditl,d3 The tenors of said morujage are by this reference made a part hereof: tf defwtt be made in the payment d aril d bee sires ar reteee:t wee~oered teerein tar in said aecrty~e, a in the performance " of any of the sgsements contained herein ar iim said wort aye, tt~ee be scale pr~.ai ssrr~ artd aovued ir~t!!st shalt at the option of the h o. der hereof beeorne at onOe due and eOilecli6te rillaNt waoq [lave tnsr~ d >k essrroe, and sad prireCipel suety and accrued interest shall both bear interest from such tune untr~ paid at flee him roe aibert6ie ender tlr taus d tt'ee State d F~,Ollda Failure t o exercise this option shall not ooestitrAe a urairer d flee r+~t b ea+oae tine same ore ttye esatt d aeey sr6eegreee~t default. _ Each person liable leeeeo~a wbe~sr aeairer ar aederter hereby ~.es pneseeeareea~ proses[, aotitS notice of pretest and notice of dishonor and agrees m pay ail otu~, ihdadea~ a .eaeoeade aoaeerlrs tite:.ieeleer ssrit 6e brorr~rt ar noR, if; after waauity of this not[ or default tweunder, a under said enonp>~, anseeed !ar toe errpbred tst aotaeR t1•is ease ar to protest the s~aurity of said mortgage. Wt~sreyer used t?aes ~ rice arcs ~ddd;lsaloer aed 'bared ttni rte eaowrued is flee sreelrfar a plural as the oonaext may require or admit. t#AKER'S ADDRESS ~ ~ ' ~ ~ J ~I ?aa fLG~.,.. ~ < Y L {y M AND the mortgagor hereby ftut)cer ous~eeaats aed a?gr~s to psF pramptJg srben due the prin- cipal and interest and other sums of tttateej prvcaded Farr m said colt and this mortgage, or either; ' to pay all and singular the lazes, meets, ks~i~ !ia?bilitiirs~ obligatioes and encumbrances of every nature on said prupertF; Lo permit, ea®mst err sndrr eu tsastr, impairment or deterioration of said land or the improvrments therroe at a,F titot: to fsrrp for beeidings twtr or hereafter on said land fully insured in a sum of ltd less thae its fail iasatra.ble talus. bat ie no ecrnt less than the amount secured by this mortgage, ~ a cxrmparey s?r rar®pa?nirs acrrptable to the mortgagee. the pol- icy or policies to be held by, aed pa;arLk to:.ssid wartgarE+re. aed ie the eccet an? sam of money uecomes pay able by ciriue of such ittsttraec~e tie martgagrr stall lsiacr tbt right to receive and ap- ply the same to the indeLt,e+dneas - secarrd. a~c+taeetieg to for ~srtgagor for sag surplus; to pay all costs, charges, and ezpet~. ittclaidieg la?ancrs lyre and tit,lr seard:2x reasonablg incurred . or paid by the mortgagee because of the facieur arf for eearigagor to prntnptlg and fully comply with the agreements, stipulatio>~, e<?editions aed twrrrtweLf arf said errirr and this mortgage, or either: in the event the mortgbgor faits to peg i-1.-e darr aeg tax_ wrarat, ieiurance premium or other sum of money parable br chine of said note aed tics teattgagr_ or rube:. the mortgagee may pay the same, without srairing or adc+cti~ the optics to farrrciosr or ang other right 6ereander, and all such payments shall bear interest trrrte date tre~rreaf at tic highest latirfts! rate then alloared by ~ the laves of the State of I'']c~tida. IF any sum of money herrin refert+ed to I.r rrut prrre,ptlF paid vritbea ~,;ny bags next after ~ the same becomes due. or if eac>t slid tt-err the agrrrteret~ stipalatiat~ t.~nditi©ns and covenants of said note and this mortgage, or eitbrr. err sot fallF performed, tn®pliied vritb and abided by, i then the entire sum mentioned in said cote. aed t bix ewrtgagr, or thr eetirr balance unpaid there- on, shall forthwith or thereafter. ai the opiisre ~uf tier mortgagor- 6rrome and be bur and pagahie. ~ anything in said note or hereig to lice ctiowhrarc rwtai2i~taedug_ Failarr bf for mortgagee to exer- cise am of the rights or options Ler+eie procidrd Mall seat caeitrtnte a vraiccr of ang rights or op- lions under said note or this moetgagr acerord err tienraftrr actrsieg_ . ~i~ r i