HomeMy WebLinkAbout1035i..~.Q t.0 Q Q.x.Q Q .................. STUAA?. Flodd~....1l~CT...........~x?....1....... It 80
FOR VALUE RECEIVED. We uadersiQned. ~oinilY and pie:ally. PRO1r1ISE TO PAY !o Ibe order ol .....................................................
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.SIX.TX....~HQU~A~R...,A~R...N.O1..1Q o.....c~ ~ Q...Qa a...~ o~.-.-.-.-.-.----.-.-.--.-.-.---.-.-.---.-.-_--.-.-.--DOLLARS.
at ......$t.11dLt.R....~~.L?r~a .........................................................................................................................or suelt other place as !ba ltol ar
hereof maT deti9aate to wsitin~. to~efber with iate:est from data at the rah ol..~.~..........per ntntum par attnum on the uapdd
balann ttrttil maturitT. The said priadpal and intered .ball be due and payable as lollowa:
Principal shall be paid in twenty equal quarterly installments of
$3,000.00 each and interest then due, beginning March 3, 1981 and
continuing quarterly thereafter until the principal and interest
are fully paid.
This indebtedness may be paid in whole at any time hereafter
without payment of penalty therefor.
THIS NOTE SHALL NOT BE NEGOTIATED OR ASSIGNED APART FROM THE
MORTGAGE OF EVEN DATE HEREWITH WHICH SECURES THE SAME.
It lelault [ta ws~e tw ..-30....- tlaya Itt t\e Payweat e1 awy laslaliwewt et MIKE K Iwtsreat ar awy Part l6erset, tie whale saw t-es rewalwiw~
uePaM wits k,terest altall at Iusltltfa e•tisrt ~scetss ttw awl Pa7aWa ~[t-ewt wotice. Fallurs to s:erctse suc- ePttew s-dl wet c~aatituto .rai~tr al the
ria`t to a:entse t\e saws i• the etewt el su`ttegttewt Aelawlt. Alter watwrity wt` PriaciPal awri accrueA iattrest slraU 6e.ar taterest at ...iQ .Per cewtuw
yet wwww wlil Pahl. The eskers utl ewdarsers e1 tlis Bete IurtAer ~ara,e Lwaw~, aetke e1 wew-paywewt awl Protest. If Uls wets ii eat PaL at
maturity awl t-s saws Is Placed wit- as attorwey ter cellectiea, tks sakars a~ w ersers t+srssl atrss to paf all caste at cotlectiow, iwcludlwP all cowl
eesb awl reasesakle atterwq lets. ~ ~\~~
c~o~~
.. -.-....~..` ....................................... ......(SEAL1
Wil iam F. Crary, as Trustee
..................................................................... •--.................................. -. -..........ISEALI
and shall duh•, promptly and full}• perform, clischargr execute. eflret. couq,lete, comply with anti abide by each and every
the stipulations, agrce•ments, conditions :uul cocc•uauts of said promiswry note and of this mortgage, then this mortgage and
dye estate hereby crratcd shall cca+e and be null ar:d void.
It is wrderstood that each of the words, "note." "mortgagor" and "mortgagee" respectively and the prmtouns re(crrinfi
thereto, whether in the singular or plur:d an}wherc iu this mortgage, shall 1-c singular i( one uuh• and shall be plural jointly
and severall}•, if more than one, :uul shall 1-e masculine, feminine and; ur neuter, when•yer the context x, iny,lirs or admits.
Aud said Alortgagor (or Irinr+cif and Lis heirs, legal rrpre+entatis•es. wrcessors and assigns, hereb}• cuser,ants and agrees
to and with said Alortgagee, his legal representatives. successors and assigns:
1. "1'o pay all and siurular Urr principal and interest and nc~ +•ariuus and sundry wms of moor} 1>a}:rhlc by yirurc o[
raid protnissory note, and this mortgage, each and every, promptly on the days respectisel}• the score severally become dur.
2. 7'o pay all and singular the taxci. asscsuncnts, levies, liabilities. obligarinns and inurmhranccs of cscr}• n:rturc and
kind now on said dcacribcd property, and!or that hcrcaftcr miry be imlx,+cd. .offered. planed, levied or :raceuctl thcrculx,n,
and/or that hcrcaftcr may be Ies•ied or a~+rsscd upon this mortgage and/or the indcbu~duc+a +ccured hcrcb}•, each and eycry,
when due and payable actxmliug to law, before they become dc•Gntlucur.:uul he•(nre :arc inrt•rcar :rttachca nr :ury perr:dty is
incurred: and iu so Jar as ans• thorn( is of rcmnl the same shall be prourhtly satisfied and di+th:aged of rcaxd and tlrc or-
iginal official document (wch aa. for inst:urce. the tax receipt or the s:-ti~(artinn paper olltciarlh• eudorserl or certified} shell
be placed in the hands of said ~,\lortg.~gce within tcu days next after h:rsuuvrr: and in nc~ e+cut that ant therm. is nut ao
paid, satisfied and dixhargcd, srid \lortgagec may at any time pal the a:nnr nr ans part therc•ol without waiyiug ur a((cct-
urg any option, lien. equity or right under ur by virtue of this mortgage. and the full :unnunt of each :uul every such pav-
mcut shall be immediately due an<I p.tvaLlc :nul .hall hear interest htnu nc~ dare thcrco( until paid at the rate of ten 1>cr
centum pry annum and together with such interest shall be secured b}' tJre lira of this nv~rtt;age.
3. -1'o place and amtinuousl}• keep oil the buildinKs now or hereafter situ.rtr on a:r;d lauul (•ire :u~d tvind.tonn insur-
ance iu the usual standard policy form. in a sum nut less than the highr+t inwrahlc .:due. iu cut h c.unp:ur}• or t~nnp:cries as
may be approycd by sand \IortGagct :and all such insuranre l,olicic+ ou ans n( swirl Inuhfin;;., ans iuu•rc+r tlu•rcin nr p:+rt
thereof, iu the aggregate sum alnrecrid or in excess therm(, shall rnntain the u+u.rl ar:nul:ud nu,rtg.rgce cLnr+e marking the
loos w,der said policies, each and even. pa}•able to said Mortgagee :n hi+ iuten•at nra+ appear, and each :nrd every cur h polity
sl-all be promptly tlcli+cred to and held by said \ImtgaKcc: anti, not Icss than ten d.r}s nr arlcanrc of the cxpir:.lion nt carh
l,olic}•. to dehvc•r to said \lurtgagec a renewal thcrco(. togrthcr with a n•teipt Inc nc~• l,remium n) +uch tcnesa:d: and there
shall he no such insurance placed on :ury of acid building+, an}•. iutrn•st rhe•rein nr part thcrco(. unlcas iu the frnm :nrd with
the Ines pay.rble as :r(oresaid: and in the event :ur}• sum u[ money btconrca pa+ahle• under atu h pnlrt }• nr Ix,ht ie+ .aid \lurrgagee
shall have the option to n•ceive and apply the same nn arxnunt of the iudebredncas aenrred hc•reh~• rn to permit said ~Inrtga-
gnr to receive and use it or an}• part thcrco( Ior other purpnaes without Iherchc +a•:ris•ing or impairing auc ctluit}•. lien nr
right under or b}• yirurc of chic mortgage: and in the event .aid ~tvrrga~or shall (or :ury rr:ry,n Lul to lccp the a:rici Inc•miaes
scr insural, or fail to dclis•cr pmtnptly :ury of caul 1-t-hucs of insurance to said \lurtg.r~cc. ur Lul prnmptl}• u, pa}• (telly any
premium therefor, or in any re+pe•cr f.ril to pcrfonn. diacharge, e~ccutc•. el(ct t. uauplctr. cnnr!~I}• +cith :nul ahit!r• I,}• chi, a»•-
enant. or any part hereof, said \lorrg.r~;ee m:rv place and pay (or carh iu<ur:urce or au}• hart thcreol +vnhnnt w.riying nr
affecting any option. lien, crluity or right under or by virtue n( this Inortgagc, and the full amount of each and every such
payment shall be irnmediatcly duraud payable and shall bear interest from tlrc date thcrco[ until paid at the me of ten
per centum per annum and together with such interest shall be secured by the lien of this mortgage.
4. 1'o permit, commit or suffer no wane, impairment or deterioraimt of said property or any part thcrco(.
5. 'i'o pay all and singular the coats, charges :nrd expenses, including reas.,nable l:r+cyer: fees :nrd cost of ahstraet.+ of
title, iunrrrcd or paid at any time I,}• said \lortgagce because andlor ire the cscnt u( the failure mr the part of the said
Mortgagor to duly, promptly and fully perform. discharge, execute. effect. complete, rnmph• with and abide by c.rch and
every the stipulatimra, agrccmeuts, conditions and covenants of said promissory note. and tlria mortg:rgc. any or either, and
said costs, drarges and expenses, each and every, shall be immediately due and payable, whether •,r not (here he notice, de-
mand, attempt to collect or suit pending: and nc~ full amrnurt of each and es•ery such payment shall bear interest from the
date thcrco[ until paid at the rare of ten per centum per annum: and all said costs, charges and expenses so incurred or paid.
together with such interest, shall be secured by the lien of this mortgage.
8oaK344 P~E1035