HomeMy WebLinkAbout1229 ~o ~iaue and to Mold the same, together with the tenements, hereditamenh and appu?te-
nan(•es thereto helon~ting, and the ?enta, issues and profits thereof, unto the mortgagee, in fee simple.
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!i ~nd the mort{tagor rnvenbnls with the mortgagee that the mortgagor is indefeasibly seized of said
land in lee simple; that the mortgagor has good right and lawful authority to convey said land as afore-
. said: that the n1o?Iryugor will make. such JI?rther assurances to perfect the fee simple title to said Land in the
~i m~rttt(rt?ee as ?nay~?easonably be required: that the mortgagor hereby fully warrants the title to said land
an(i will defend the same against the lawful claims of all persons whomsoever: and that said land is free
j~ and clear o/ all encumbrances ~
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Except real property taxes subsequent to December 31, 1979. i
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~COUided always, that ij said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
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FORM got PROMISSORY NOTE
S 85,200.00 Stuart, I hrda Nvw~attber 17, ty 80
1=0R VALUE KI.Cl:IV1~D, the undenignetl jointly anJ severally promise i+1 to pay t(l the orJer of
ROAR L. YO(Nr and ltl~F.AN G. YO[]IJT, his wife
at Post Office Box 33 , Siripsonvi lle , Kentucky 40067
or at su.h glare a, fife hold: rhl of this note m:(y Je+i~nate in writntg the principal a(m <.f
-----EZ(~TI'Y-FIVE TFi00SAIVU ZStIO Fi[JNDI~ AND NO/100-----------------------------
i DOLLARS
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~ together with interest then•on from November 17, 1980 at the rlte vl' 12 per annum on the
unpaid batan.:c until paid. P~IYABIE ~ PCg~i04i1S: In equal semi-atutual installm~ts of $11,575.96,
which includes interest, with the first installment due atri the 17th day of May, 1981, and
continuing on the sane day every six titanths thereafter until Nov~ttber 17, 1985, otrt which
I said date the entire unpaid principal balance and any and all aocrlied interest beerntes due
:u~d L~3yable. Each such payment shall be applied first to the paytrent of interest cn the
t.•npaid balance then to the payment of principal. The privilege of making payt*ents in
advance of the due dates without penalty is retained by the maker.
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II Default t,e ntaJr in t11r p.i}nu•;tt cif :Iny in+t:rflnlrnt unJrr t'tti, n(ltr. ;?n~i it +u~h delauit is ntlt male
cuod ui '.in 30 J.1}, after due date Nl. t•nt~ro' ;lrutrip.li ,um and :I~_rrued
intcre>t ••'.taN .1s rtlt« ?x:c<m:: Jar .int: i~a)ahl~ wlth~wt n•tti~:.tt the upturn of thr h~~lJrn:lu! t!u+n~lte. f=ailure
tl) cYl'fl'IU' UII+ t)p1Uln 1111tt Ittll ~tgh.Ulllte :r ~~al~'~'r llt ihC fl•_'I2t lu CXCfihr llle ~a1Li at J IatCI tillit' I~lr ltle Sa11tC
j delaUll Or tOf ally ,Ut~~l'.tllettt Jt'1JU11. i(t lhr C~'int Ut Jrt~ldl? 111 the jr:t}"1?tent Ut itlh fl+ltr, aI1J_It Itls• +ame IS
pt:ICl'd In !t C ~larld~. <lt ali :1itUflrl'}' :It f;lt\ tl)f Ct11lt': 11~~11. f;lt• IIIIiI.r.i~nrJ hrrri:} al:f~'l'1,1 t(J pai' :111 rO\tS Of ~Ottei-
e Ut)n 111t,iUd111~' a f~'d~tlnatrtC :Illu[nt'y ~ tr;. hfl',l'Ittlltelll, prt•lr+l alid 11ttU~'r af~' i1~f~il} N,JI\'i'(i.
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DIDOR11Ii UATZ
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B00~~ PAGEIG(~rC~ --------tSt:ALI ,
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MIDSTATE LfGAI Sl?PPIV CO. • ORlA~.00. FLORIDA ~ 1
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