HomeMy WebLinkAbout0840ZO SE7CURE z1iE PAYME2~TP oF said promissoYy rate, executed and issued this date by t~~
~~artyagors t,o the order of the mc~rtgagee a vopy of which is as follavs: '
PRCJMISS~ORY NO-IE
$ 95,000.00
Anchorage, Alaska
Dated: October, 31 1980
We jointly and severally p~nmise to Faay t,~ the order of Industrial Trust & Savings
nan)c as t~a~-~dian of the estates of John Robert Nigi, Marcus Timothy Higi, Sarah Jane Higi
~nd Marilyn Rachael Nigi, minors, the sum of t~inety-five thousand dollars ($95,000.00) with
interest thereon at the rate of Z1~relve percent (128) per annum va~uted u~on the m~nthly
declining unpaid principal balance thereof as hereir~after provided and with attorney's
f ees. ~
For value received and without relief whatever fran valuation or appraisement laws.
The draw~ers and endorsers severally waive p~resentment for payment, protest and notice of
vrotest and n~npayment of this_r~ote. .
'fihe principal s~an of this note and interest thereon shall be paid in oonsecutive
monthly installm~ents of not less than One thousand forty-six dollars ($1,046.00), van--
mencing One (1) m~nth fran the date hereof and ooi~tinuing for a period of ~n (10) years
thereafter, at which time the entire unpaid principal balance of said note and interest
thereon shall bevome due and payable. ~
Negotiable and payable at the office of Industrial Trust & Savings Bank, Walnut Plaza,
rtuncie, Indiana, 47305.
Upon tne failure or refusal to pay any rronthly installment provided for herein for a
E~riod of Sixty (60) days after the same shall have beoome due, the entire, ulpaid balance
of this rbte, together with all interest accrued thereon, shall be due and payable in One
(1) sum.
Additional payments upon the principal of this rote as well as the entire ~npaid
balanoe tihereof nay be paid at any time and from time tA time.
F.XEQTIED this 31st day of October, 1980.
3/Jotm R. Chewning ~
( John R. Ctiewnincj )
S/Milan Chewning
(Milan Chewning)
AND the mortgagor hereby further covenant~ :~nd agrees tu pa~• promptly when due the prin-
cipxl an~l interest and uther sums of monc~• pruvided fur in said note and this mortgage. or either;
tu pay all and singular the taxes~ assessments, levi~,, lial,ilities. ubligations and encumbrances of
c~•er~• nature un said property; tu permit, cummit or sulFer no ~~~aste, impairment or deterioration
of said land or the improvements thereon at an~• time; tu kecp the buildings now or hereafter ou
said land fully insured in a sum of not less than its full in~urable ~~:~lue, but in no event less than the
dmuunt secured b~• this murtgage~ in a compan~• or c~mpanies acceptable to the mortgagee, the pol-
ic~• or policies to be held b~, and payable to, said morlgagee, and in the event an~~ sum of mone~-
becomes pa~~able b~• virtue of such insurance the mortgagee shall ha~•e the right to recei~•e xnd ap-
ply the same to the indebtedness hereb~• secured, accounting to the mortgagor for ap~• surplus: to
pay all cos~g. charges, and expenses, including la~+•~•er's fees and title searches, reasonxbir incurred
or paid bp the mortgagee because of the failure uf lhe mortRagor to promptl~• anci full~• comply
with the agreements, :~tipulations, conditions and co~•enants of said note and this mortgage. or
either; in the e~•ent th~~ m~~rtKagor fxil~ to pa~• ~+•h~~n due an~• t:~x..a~.~estiment. in~urance [~remium or
other sum of mone~ pa~•able by virtue of said n~~tc~ :ind this mortgage, or either. the mortgagee ma~•
pay the same. without ~i•aiving or affecting the o~-tion to foreclose or an~• other right hereunder, and
all such pa~ ments shall bear interest from date ther~•of at the hiRhest laK•ful rate then allo~~•ed b~-
the law~ of thc~ State of Florida.
1F an~• sum of money herein referred to Le i~ot promptl}• paid ~~•ithin da~~s next after
the same becomes due, or if each and everp the agrcementti, titipulations, conditions and co~•enant~~-
of said note and this mortgage. or either, are not full~• performed. complied ~vith and abided b~•.
then the entire gum mentioned in saicl note, anci t hi~ mortgage, or the entire balance unpaid there-
on, shall forth~ ith or thereafter, at the option ~f t he mortgagee. 1~ecome and be due and pa~-able,
anS~thing in said note or herein to the contrar~• n~~h~•ithstanding. Failure i,~~ the mortgagee to exer-
cise am~ of the right4 or options herein provided ~ hall n~-t con~titute a~~•aiver of an~~ rights or op-
tions under said note or this mortgage accruecl or then•a-fte~r accruing.
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a~K 346 P~~E 83g