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:21 000.00 __..2...~ebruar~ . t18~_.:
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~ Newvomb-fioact; .1~leat.-Miaiater•,---Ka$s. -- 0-143-3-
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M fl» eN~ ~1 ...k0.~.. -------- ~~~ aenww «+ th~ unpaid balaee~'w~til e+MuMtr. Th~ said prindpal ~nd Int~nN shaH
b~ rw a~ Myarl~ ~a hN~was
Three annual payments in the principal suma of 57,000.00 with interest
on the balance due at the rate shown above. This note maybe pre-paid
without penalty. _ .
E'irst payment due one year from the date shown above and continue thereafter
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snd ahall duly, prompqy and fully peKorm, di~char~e, executP, ei[e~•t, com~tet~, ~-ompiy w~th and a~de by e~eh
and et~en the st:pu:aUOn~, agrecment+, rond~t,a:~s ar~d covcnants uf a:ud pr.,nus~ory noie and ot this mortgage.
then ttus inortKage and the eatste hereby created shsll ceaae and Gr nuil and ~•oi~i. '
It ~~ understoai that each o[ the K•orJs. "notr." "mort~agor" nnd "mortRnKee" respecti~•ely and the pron-
ouns reternng thereto, whether in lhe sinRular ~~r plural nnyvrfirre in thls ~nortgaRe, rhall be eingular if one oNy
and +hail be plural jointig end se~•rralty, ~t rr.ure thnn ~~ne, and 4h:111 t-c ~nrivcuLne, fem~nme and; or neuter, wher-
e~•er the context ao impiiea or admita.
Md ~aid Mortgagor tor himselt and h~s he~re, togal rPpresentah~e~, 9~icce.vsor~ and a~slgns, hereby coven-
anta ano agreea to and with said I-tortgagce, hia legal reprraentatn•P,, sucr~•xvors and ass~gns:
l. To pay all and aingular the principal sad interest and th~ vanous ar,d ~undry aum~ o[ money payable by
virtue ot aaid promissory note, and th~a r:iortgage, each end every, promptly on Lhe days re~pecuvely the samt
severaily become due.
2. To pay all and ~mgvlar the taxes. as~es~m~nts, lev~ca, l~aE~li.ic~, obli~niiun~ xnd tnrumbrance~ ot e~•ery
nature ar.d kmd now on said descnbrd pro~rty, and or that hcreaRer may Ge imEwsPd. auffered, placed, le~~ed
or assessed thereupon, and.'or that hereafter n~:-~~ br lrviced or ~.a~•~sed upc,n ch~s mortgaRe and or the ~ndebted-
ness sPCUred hereby, each and e~•ery, ~•hen due and ps~yabte ncrar~iin~ to law, befure they become dei~nquent~
snd b~tore any interest attaches or any penalty is incurrr~i; an~i in so !1r a.~ xny therFOf i~ ot record the same
shall ~e pr~~mptly saUsfied and dischnr~rd ot rPCOrd and ihe o~k~nal off~c~al d~x•ument Isuch a~, tor L~atance,
;h~ tax receipt or the satis[a~•t:on {~aprr ot[uially en~in~w~•d or ~cri![iPd~ ~hwli be placed In the hand~ ot said
~tortRagee w~thin trn d~ys n~xt aiter i~aymcnt; and in the e~•ent ti~nt any thereof ~s not so paid, satisf~ed and
discharged, said i-t~~rtqagee may at eny Um~ pay the s:imc or a::: part thPrr•nf w~ithnut wai~-in~ or atteci~ng
any opt~en. li~n, equity or nght und~r nr br ~crtu~ ot thts mort~;a~~~. xnd the full A.^.tAUp[ of esch and every
such pa~ment shall be immcA,atPly duP an.f 4•ay:~n:~ nnd sh:ill bear ~n!~rrs; frum thr dxte thereof until paid
at the raie of ten per cPntu:n , er annum tin~i [~~~;r;h~•r Knlh suc-h ~niere:~t shuli h.e se~ured by the lien of this
mortgage. -
3. To place and continuously kerp on .hP n~,.r~i;:i~;s nuw or hereafter altuaie on aaid land fire and windsLortn
in~urance ~n tAe u~ual standard puli~~ form. m a a:~m r.nt less thnn = /t/l~ _ . Sn such com-
pany or comp- z:~ s as may b~ xE!, r~~~rd b~• a~:~l ~1~~r'~~~~ e: an•1 ~U su~h insurance f~nli~le, on any ot snid build-
ing~, any 1ntPre~t therein or pari thereof, in IIIP RkL'n•e:~;e sum aforovaid or in ~~xcess themof, ~haU contaia the
usual standard mnr!~a~PP ~lause mak~nQ thr I•~~v ur~l~~r sacd pnl~r:rs, earh and e~•ery, pa~•able to said I~tortga-
Rce as his ~nteres: ma}~ ap~ar, an~i ~ach ar.~l er~~: y~••~ h p~~:i~y shail be pmmptiy del~vered to and held by said
blort~aRee; and, not less than tcn davs in ad~am~e nf the PxpiraU~~n of rar_h pnt:~y, to deli~•er to snid biortRaRee
a renr:~•a! thereof. toRether a•dh a rerP~pt fnr tho prPm~~~m ~t ~,n•h r~n~wnl: And ~thrre ~hNl bc no such insur-
ancP placed on any ot ~aid bwldinKs, any ~ntrn•st th~r~,n ~~r part ther~of, unle~s in the form and with the I~~s
payat,le a~ aforesald; and m the e~•Pnt any sum of m~mPr br~nme~ payabl~ undrr anch pollcy or poli.^~e_v said
Mort~;a~ee shall hare the opt:~m to r.•~e:.•e and n~{.ip the 4am~ nn a~•count ot the indebtedne.~a secured hereby or
to prrmit ea:d ~tort~a~or to rP~el~•P nnd ~i~e it or any pari thereot for other purrw~ea without thercby waiving
or impairinR any equity, lien or n~ht unAer nr by ~•irtue of tlna mortgaRe: and in the event said MortgaKor ~hall
for any rras~~~ ta~l tn kPPp the ~ai:i pr•~Rl:irS sn in~ur~A, or fail to deN~er promptly anp of said poLc~e~ of
insurance to sa~d Dtor:~a~~e, or fail promptly to p~~ fully :uiy premium therefor, or ~n nny re~pect [ail to per-
form. d~schar~e, exc~ute, ei[ect, complet~, comply ~~zih and ebide by thi~ covenant, or any part hereof, aaid \Sortg-
aReP may piacP antl pav for s~~ch in!urence or xny part thrren[ wiihnut v~at~ing or attectin~ any optinn._ IiPn,
equily or nRht under or by ~•irtue uf thi~ mo~t~aR~. ar~f th~~ fuil amount o( each and every ruch payment ehall
De immediately due and payable anJ shall b«ar int~rp~t from the ~fete ther~of untll paid at the rate of ten per
centum per annum and toRether with ~uch Interest ~hall be eecured by the lien of thls m~rtgaRe.
4. To permlt, commit or auffer no w•e.~:e, ~m~+airment or deteriontfon ot sald pmperty or any part thereof.
6. To pay ail and ainRular the co~ts, charRe~ end expenaes, fnclud~ng reaaonable laKyer's [ees and coat o[
aDetracta ot titlc, incurred or paid at any tlme by satd Mortgsgee becau~e and~or ln the event of the fallure
on the part o[ the ~afd MortgaRor to d~0y, promptly and tuliy perforro, dtscharge, e:ecute, ettect, complete.
comply wfth and abide by each and evrry the ~tloulatfons, agreements, condiUons and covenanta of eaid promis-
sory note, and this mortRage, any or elth~r, and ~xfd co~ts, charqes and expenses, each end every, shali be 1m-
mediately due and payable, whether or not there De not~ce, demsnd, attempt to collect or sult pending: and ths
l1il1 amount o[ each and every such pavment ahsll bear fnterest trom the date thereot untll paid st the rate oi
ten per centum per annum: ar~d all eaid coete, chargei ~nd e:pease~ w lncurred or ps/d. togeiher wlth sucb fn-
teresf, ~hW be secured by the lfen ot Wi mortgage.
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