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IN ~w ~ u hliwra
298.63 n month, the first payment being due one month from April 10, 1981,
ar~ continue for each month thereafter uritil paid in full. ThiB at~n
of,$298.63 paid each month shall first be credited to fnterest and the ,
remainder to the principal of this obligation.
THIS NOTE MAY BE PREPAID AT ANY TIME WITHOUT PENALTY. =
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and shall duly, prompily and fuily perform, disch~rRe, execute, ef[ect, cumrlet~, ~-omply w~th and abide by each ' `
and e~'erv the st~pulations, agreements, cond~tion9 and covenants ut said prum~saory note and of thra mortgage.
then this mortgage and the estate hereby created ~hsll cease and be null and ~~oui. .
It is underatood that each of lhe words. "note," "mortgagor' nnd "monRxgee" respectively and the pron-
ouns re[erring thereto, ~+hether in the s~ngular or plural anywhere fn thta mortgage, flhall be a~ngular if one only
and shall be plural jointly and severally, it mure than one, and sh:ill be ~nr~vculine, feminine and!or neuteT, w?hfh rij~,-
ever the context so implies or admits. .~ti~„3~
Md aaid Mortgagor tor himaelt and his heira, legal repre~enteti~es, successora and assigns, hereby CMrea
snt~ ana agrees to an d wit h eai d Mortgagee, hia leg n l representat?ves, succ~ssorw an d assigna:
1. To pay all and aingular the princ?pal and intereat and the various and aundry sums of money yable b~i_ V; ~
virtue o[ said promissory note, and Utia r.?ortgage, each and every, prompqy on the day~ respectivet~~ sam~ st ~ '
. •evvr311~• ~!Cn~}. ~1~~.. .G11 .
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2. To pag all -and ~inRular the taxes, asses~mFnts, le~~es, liabi6ties, obli~ation~ and incnmbranC~s Ot'aVery ..X~
nature and kind now on said descnbed properly, and ~~r that hercattc•r may be ~mpo9ed, euffered, pla~ed, levled C1
'i or assessed thereupon, and/or that herea[ter ma~• be Ir~•~ed or ass~~sscd upon this mortgaKe and~or the indtbted. ~
ness secured hereby, each and e~•ery, when due and payable accordin~ to law, before they become delinquenL. ~j
I~ and before any inlerest attaches or any penalty iy. uicurred; and tn so far a.~ eny thereo[ ~s o[ record the same ~ ~
shall be promptly satisf~ed and d~schar;,rJ ot record and the onKinal otf~cial document 1~uch a~, Lor i~te[anee, ~
ihe tax reeeipt or the satisfact:on F~aper of[icinily emior~d or certifiedi shall be placed fn the hand~ o[ said ~ ~
' :liort~agee within ten days nPxt atter paymcnt; and in the e~•enl that :~ny thereof ~s not so paid, s8tisfied and ~ ~
~ discharged, sa~d aSortRa~ee may nt any Ume pay the same or any part there~~f w•ithout wai~~ng or aftecting .~..v
~ any option, lien, equ~ty or r~Rht undrr or b}• ~'~rlur nt fhis mort~;aR~•, xnd the full amount of each and every
su~h payment shall be immed~atrly due an~i payab:e and shall bear in!cr~st fmm thP Jate thereof until paid s~ t' ~
€ at the raLe of ten per centurn per annum dnd t~~~eth~•r with such ~nterest shaJi be secured by the lien of this ~ ~ v
~ mortgage. ~ ~
4 3. To place and cont~nuousiy ke~p on the bu:ldm~a now or herealter altuate on said land fire and windstorm ~~~~,Y~
~ insurance ~n the u~ual standard pnli~y fnrm, in a ~um n~t les9 thnn = in such com- . X J :
~ ~
~ pany or comp~nir~s as may be appru~•e~~ by sa.~I Aturt~;~r~•e: ~mi nll 9u~h insur.+n~e p~licies on any ef ~aid bwld-
~ ings, any intPrest therein or part thereof, •in the a~~n•~ate sum a[orPaaid or in exceys thereof, ~hall contain the C y~~
~ usual standard mnrt~ageP ~lause mak~nR ±he h~~9 ucd~r sa~d po6cirs, ea~h and every, Fayable to said Dtortga- ~ ~ ~
j gec as his intems: may appear, an:i each er.~~ Pt'F; su~ h~~hoy shall be promptly dPlia•ered to and held by sa~d '4+ ~
( I~fort~a~ee; and, not less than ten davs in A~1~'At1rC of the Nxpiratum of each poli~y, to deHver to snid MortR8R~ ~ ~
} a rene~val thereof, to~ether Kith a rcceipt fnr thP prPmium nf au~•h r~n~wal: and thPrc ~hall bc no such insur- ~ F
t ance placed on any ot said bmldinRs, any ~nterest th~rr~n or part then~o[, unles~ in the torm and with the loss ~
~ payat,le as aforesaid: and ~n the e~~Pnt any sum of m~~ney bF~ome~ payabl~ und~r ~+~ch pollcy or policiea said
~ Mort~a~ee shall ha~•e the opti~~n to re~~ei~•e and apply the 4amP nn account ot the indebtednes~ aecured hereby or
q to pPrmit said Mort~a~or to re~el~•P nnd u~e it or any pxrt thereof for other purposes without thereby waiving
$ or impafring any equity, lien or nRht under nr by ~~rtue of ttii~ mortgaRe; and in the event said MortgaKor rhall V
' for any reas~n fall to kpep the sai~t pr~m~~~s s~ insurrd, or fail to delfver prompUy an~ ot said policie~ o
~ insurance to sa~d rtortgaR~e, or fail promptly t~ p~~~ t~illy :u~y premium therefor, or m any respect tall to per-
: form, diqchar~e, execute, effect, complete. comply w~th and abide by thi~ co~•enant, or any part hereof, aaid Mortg-
~ aReP may place and pay for such,inaurance or nny part therent without v~aiv~ng or atfectinR any option, liPn,
~ equity or nRht under ~r by virtue. of this mortqaRe, and the full amount of each anA every nuch payment shall ~ Y
' be immediately due anA pa~•able nnd shall bPer intPrest from the date ther~of untll paid at the rate of ten per
~ centum per annum nnd together with ~uch fnterest ~hall be aecured by the Uen of thls mortga~e. ~
( To permlt, commit or nut[er ne k•a~te, ~mFairment or deterlontion ot sald property or any part thereof. f/
' 6. To pay aU and ainRular the co~ts, charRe~ and expenxs, fnclud~ng reasonable lav~rye~s feea and cwt of y
~ abatracta ot tltle, lncurred or paid at any time by aald Mortgsgee becnuae and/or ln the event of the fallurs ~ ~
on the part ot the said MortgaRor to duly, promptly and fuUy pertorm, dlscharRe, execute, etfect, complete. ~ ("j
~ comply with and abide by each and every the atipulationa, agreements, conditfons and covenanta oi ea~d promis- ~
~ sory note, and thls mortRage, nny or either, and ~ald costs, charges and eapenses, each and every, shsll be im-
mediately due and payable, whether or not tAere be notice, demand, attempt to collect or sult pending: and ths
full amount o[ each and every such payment ahall bear fnterest trom the dats thereot untll paid at the rate oi /
ten per cmtum per annum: and all safd coate, charges and e~cpense~ ~o lncurred or pai~, Wgether wlth ~uch in- ~
terest~ ~hW be ~ecvred by Lhe Ilen ot Ws morigsge.
k $~~x 353 P~f 96? _
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