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~rOUtdP~ ~lUttll~8. thal if sctt~l .iVort~ctgor shctll pay tt~:to th~~ ,sccicl Jlfort~u~ec
the certain proneissory no1e, u~':v/eich the fotlar~~iii~ in wurds und Jl~rcres i.r ~c true copJ,
to wit:
s 1$~tYfA_AA STUART. F~a~a.. ~ nusrv~ ».$1,,.
FOR VA~UE RECEIVEO, tM ~aN. piahl an/ s~~11y. ~ROMISE TO ~M/ to tM ordK of
i4d,:.~YMNFl~ ~~ I1~Eei~ h tc W t~
CiAf'~~Y T1riiCil/1 ~ ~]AA~~~~~~~~~~~~w~~~~~~~~~~~~~~~~s~~~~~~~~~~~~~~~~..~~~~~~~~~L~a~.
.~ Po=t.~ttla . Bo~c 853. Sturt.~ori,d=..,~.319s a.~ oa»• a•p «~• ~a•••
M'~ ~M'r ~~ N NfR~. ~Ir M~IA 11f~MM~ ~fM~1 dil~ N 1M fi1~ O~ ~~PM CMItWl1 PM.,~ 011 NM WI~~ bMa11C~ Y11t1I Ill~~lf~.
TM•.~+.:rri ~«.R +~+ a w».~s ow•~• annuat ly. begi nni ng January '~; 1981. r1 th the entl re
principal and accrued lnterest due and pdyable on January ~83. There shall be no
P~t P~~~Y• .
1~ Mqu1t M nyp~ ~a ~ Oiys ~n tM Oay~M of any ~nst~l~mant o~ OnntiPal o~ ~ntt~~st or any O~A tMr~o1, tAt wAOI~ fum thM rMn~inlrp
unOaW wntH ~M~wst sf~ill at fW1AMY optqn bKOmf a~N sn0 OaYaWt wittwW notKt. FaJw~ to ~sMClf~ tYth optlon fAall nOt tonf{1j~t~ i wa1vM Of th~
ri~t to ~~a~rt/f~ tM sarn~ in tM ~Ani o1 supspy~nt ONaWt. Aftp matw~ty both pnnupal anQ staWtl int~rKt fhall p~~r int~r~ft atJ,(.~pM OM1tWn pM
annWn untY pa~0. TM miliMt ~n0 MfOOrfMt of tDi3 nott fu~thtr wnrt asmub, notiq o1 non~aym~nt and Wot~ft. 1f thls noN Is not Oaitl at matwlty
anA th! sinM If P1t+~0 wlt1~ an attwney br cWNCtwn. tM m~kerf a~d MOMStrf Mreot ay~ to PiY all COSts of CotNCt~on. intlu0in, all tOWt COftf ~n0
-~onipl~ atto~n~Y /Mf.
js~ Douql as Cl ement Paul ~r~~~~
DOI~LAS CLEMENT PAUL
(SEAL)
IsEAL)
anc~ shall perjn~m. complJ rcith ~rid abide bJ e~eh and ei~ery the stipulations,
ctgree~nents, conditions ~nd covenants of said promissory note and of this deed, then
this deed a~e.d the estate herebJ created shall cease and be null and uoid.
.~Ii~ the said .,~Iort~d~or hereby covereccnts ccnd cc~rees:
-1. To pay all a»d sin~ular thP principal Rnd intPrPSt and ntl:.Pr sr~m.s oj »ioney
payable hy t•irtue ~j said promissnrJ n~te an~l this ~IPPd, ~~r eitltPr, pr~~mptlJ ~.n the
days respectii•ely the san:p sererally conae dr~P.
~- To poy all aiid sing~~lar the laxe~s, aesess~nents, Iet~iPS, li~~hilitic-s, .,bligations
ond eneuinbranGes oj er~erJ natrcre on said d~seribed prophrt J ea-•h an.cl et~Pr~, anci
if the sam,e be not prorriptly pdid tlu scaid .hlortga~ee may at ccn~ time pay the scc~ne
taithout tcaiving or ajfecting the option to foreclose or any right hereunder, and erery
par,~n.ent so rn~ shall bear interest fro~n the date thereof at the rate ~f 12%
per cent. per o,nnum.
J. 7'o pay a1l and singular the costs, char~vs an~i exp~~rses, i~i~luding lawyet's
feea, reasor~ubly incurred or paid at any time by said JKort~'agee beectrese of the fdilure
on. t-he ~rt of the said Mortgagor to perform, comply u-ith a~r.d abide by each and
every the ati~ulatio~.s, agree~nent,s, eonditions and eoUenants of~ said pro~nissory n.ote
and thia deed, ar either, and every sueh pa.y~nent sluall bear interest from date at the
rate of ~ 2~ per cent. per ccnnum.
~. To kPep the buildin~ notv nr hPrea~ter on sui.J lurrd inst~rect in a sunr not
l ess t han FULL INSURABLE VALUE
4I9(~. in a compaiaJ or ~•~~napan.ies to
be apprnied by said .hiort~agee, a.nd ~he polic~ or policies held by and payable to said
.rilort~agee, and in the event any s:~m of rraonoy becomes payable under such policy or
policies, the .hfortgdgee shall have the option to receive and upply the sarrte on account
of the indebtedness hereby secured or to perntit the .lrlortgagor to receive and use it, or
any part thereof, for other purposes, wi`,hotct thereby uaivin~ or impctirin~' any equity
lien or ri~ht t~nder or by virtue of this mortgage, and may plccce and paJ for such
in~aurance or any part thereof, uithout u•aii-ing or affectin~ the option to foreclose or
any right hereund,tr, artd each and every su,cl~ pctym,ent shall bear interest fro~n date
at tJu rute of 12~ per eent. per 2nnum..
. . g~~~3•50 P«~E2672
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