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HomeMy WebLinkAbout0981~o! VAL1K R!Cl11Ap, tl» ~M~~e i.iMhr at~i «w~.ll~-. ~ROMIf! TO -AY » th...a.. ~f ..__ . _ .. ...............~ ~._BF~RQ ~t1RIS.TE~so,~..YIB~iIIIA..~...~IBIS~TE~ISi~i._.hia ~r3.fs.--------------.--_ ....-...~..... . d~~~~IISANJZ.BdL2..S1Q/.14Q ---------------------------------_ --------- ~- ._~ M . .~...M~p~.a ~eXx~.4'u_..P.s2x~~t..,-.~L.u~~.e~...F~.c2~Sl>~...~.~4~~...~_.._._--- «wel~.rh..'1... «1b. M.I~M. Iwrwf tw wrNin~ +~.~ wilh ieN~wf fnw s~.~~.~1141dA:..~tbQYe_.------ ----- --------- -- -. ....._......._ _. . M tl» irM~ ~i 1~ a __....... ~ stows ~ Mnw~ M ti» w~l~ b~lana wMN ~alwih-. Thy said'eMeiMl «at IMKw sh~N b~ rw iiMli ~-~ iia Irll~wst $272.60 a month, the first payment being due one month form the date shown above, and continue each morfth thereafter until the 60th payment when the entire balance of principal and interest remaining unpaid shall become payable in full. This note may be prepaid at any time without penalty. TT~~ ~ AA pp~j~TT~~ (~~ qq~(~~~++~~ N elMmM M sets 1w 1S- - - M„ V N» /~ eTes~I1~IsNseifiT er'7ieih w sap ~ Nnad, tii-e wM1s ww (ilse wsd~lsj wysN •r11A M1M.w dwN a1 Malir's .pMaa Maas. dw ~ pr•-N wtttte~ aeMes. f.il.w N ssarha .MeA ~Ns..A.r west s~wNMMe a anlw. eiI II-a ei~f N e~esbe e1N ueae M IIM oval d ~aN ~/wM. AMee se~eneMr M~ riaelpd ~ euuw~ ladan etwN tNM IneaaN N ~N MMM Me eases eWl !~• ~ saes e+a/ swrM.MS d 1W wa• ttiAMr Mrelw e1~swA, aeNes e,f aeer«peyssal .-~ oeMaM. M Mde aMs i, nee MY M seamy ae~ 1Ae rise N ~Msel vieA M ataeen~y hr aaMts~. e1M wsM.a ~/ a.1a..aes Meeef e~eee N /w sift sMee d ems, McM/ly M swM swN a~ eesaeeattls elMssy IfaM. /` __ c - - •- --•-- -~-- -- -• -- UEMMA JEN ~_~~ -- - _ AINMt ~ _ ----•----• •-- --- --• --•--------•---- ..._...-- -- - • - --- ---- • .... ..........(ftAt1 and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply w-th and abide by each and every the stipulations, agreements, conditions and covenants of sa-d promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and tie null anu void. It is understood that each of the worts. "note." ''mortgagor" and "mortgagee" respectively and the pron- ouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one only and shall be plural jointly and severally, it more than one, and shall be ina.4culine, fem-nine andlor neuter, wher- ever the context ao implies or admits. And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven- ants aria agrees to and with said Mortgagee, his legal representatives, successors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue o[ said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, aves.~ments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described property, and for that hereafter may be imposed, suffered, placed, le~~ed or assessed thereupon, and/or that hereafter m:ty be levied or assessed upon this mortgage and; or the indebted- ness secured hereby, each and every, when due and payable accoMing to 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 shall be promptly satisfied and dischawed of record and the original official document (such as, for instance. Ltie tax receipt or the satin[action paper officially endorsed or certified- shall be placed 1n the hands o! said Mortgagee v~~thin ten days next after payment; and in the event that any thereof is not so paid, satisfied and discharged, said mortgagee may at any time pay the same or any part thereto without wai~~ng or affecting any option, lien, equity or right under or b}• virtue of tha mortgage, and the full amount of each and every such payment shall be immediately due and payah;e and shall bear interest from the date thereof until paid at the rate of ten per centum per annum and t~~geth~~r K'-th such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the hu,ldings now or hereafter situate on said land fire and windstorm insurance in the usual standard policy form, in a sum not less than = - _.!~/~ ..............................., In such com- pany or comp^:iics as may be approved by said ]-fortfia~ce: ant all such insurance policies on any of said build- ings, any interest therein or part thereof, in the aggretiate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the l~>~s writer sa-d policies, each and every, payable to said lltortga- gee as his interest may appear, and each and every su~•h pnhcy shall be promptly delivered to and held by said ilfortgagee; and, not less than ten days in adranoe of the expiration of each policy, to deliver to said bfortgagee a renewal thereof. tofether with a receipt tnr the premium n1 snrh rnnewal: and there shall be no such insur- ance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies acid Mortgagee shall have the option to receive and apply the same nn 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 premises so in9ured, or fail to deliver promptly any of said policies of Insurance to said 1-tortgagee, or fail promptly to pay [idly any premium therefor, or in any respect tall to per- form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, acid 1ltortg- agee may place and pay for each insurance or any part thereof without waiving or affecting any option, lien, equity or right under or by virtue 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 at the rate of ten per centum per annum and together with such Interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterloratlon of said property or any part thereof. 6. To pay W and singular the cwts, charges end expenses, Including reasonable lawyer's fees and coat of abstracts of title, incurred or paid at any time by aatd Mortgagee because andior 1n the event of the failure on the part of the said Mortgagor to duly, promptly and fully perform, discharge, a:scuts, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of acid promis• gory note, and this mortgage, any or either, and Bald costs, chargq and expenses, esch and every, shall be Im- mediately due and payable, whether or not there be notice, demand, attempt to collect or cult pending: and the full amount of each and every such payment shall bear interest from the date tbereot untU paid at the rate of ten per centum per annum' and all sold costs, charges and eacpenasa so incurred or paid, together with such ia• forest, ahaII be secured by the Item of this mortgage. BO~c~4 PAGE ~~ ~-- _ .,.