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HomeMy WebLinkAbout2076 i ~ _ ~ - . { ~o ~?u~ an~ to_~lold Ihe same, io~ether w~lh Ihe tenemsnti, :heredifamonl~ anc~ appurte- nances Iherelo, b~lonyinfl, an~ f~ic~ renft, isauea anc~ pro~lfs f~?ercof, unlo t~e mwlgagee, in fee aimp~e. ~ y ' ~lNi the mortfln~or cou~nanls with the mortgagec. that the mortgagor is Inde(e~~6iy ~etzed af said , ~ land In /ee simple; !ha! fhe morlgapor has good ripht and law~u~ authority fo con~ey said land a.~ ajore- ; ~ satd; ~hlll I(1R mortpapo~ ii~tll make such f urther assurnnces to perJe~ct the jee simple tltle to aatd land in the ~ ~ mort~aflee as mny reasona6ly be rvqui~ed: tha! the mortgagor here6y ~ully warrants the litle to satd land and evtll de~end the same agai?ut the Iaw/uI claims o/ a~I persoru whortuoeuer; and tliat ~aid Iand i= free ~ ~nd clear o( nll ~ encum6rances ~ ~ _ - ~ ~ . _ ~ - _ . ~ - ~ - _ - - . ~ - - . - - ~ . - ~ - . ~rou~ded ~iways, ~~a~ if ~ satc~ morlgago~ s{~all pay unto said mortgagee t~e certain promis- - sory note hereinaJfer su6stantially copiec~ or identi lted, ta-wit: _ • ~L-- - - - - MORTGAGE NOTE • x- ~ - ~ State College;-Pa: ` ~_2,300.00 ~ x~~~xx ~ - ~ ~ ~ 19 - t_ FOR =JALUE RECEIVED~ tho underaigned, (jointly and sc~•erally, if more than one) promises to pay to CLINTON AS. rIARSHALL and GRACE E. MARSHALL, his wife- ~ ~ - , or otder~ in the manner hereina(ter specificd, che pr~ncipat ~um ot `~'j'JO THOUSAND THREE HU?`TDRED St1d--------------------t10/iQ0 DOLLARS ~ _(S 2~ 3 ~ Q. ~ Q with intirest (rom date at the ~ate of 7~~ 2 p~c cent. per annum on the bal~nce from time to time remaining unpaid. The ~aid principal and interest ~hall be payable in lawful money of the United State~ o[ America at R~ . 2~ BOX ~1.9, riaitland, Florida 32751 or at such place as may hercaftc~ b~ dcsignated by wriuen notice (rom th~ holder to the maker hereof, on ~ the date and in t~u ma~~cr following: - ' - . ~ . - - - T:~e amour~t of tnis No~e and I~iortgage is ~$2, 300 . 00, with interest - thereon-from date at the rate of seven and one-half (7 1/2%) per cent , per annur~, payable in month7.y installments of_ $5Q,00, for a ~ peri~od of five (5) years, the first payment being due and payable - ~ _ on ~~ay 28, 1975 • . ~ - - - ~ ~ f ~ This note ma5? be prepaid~in.part-or in whole at any time without ~ prepaym~nt penalty.-__ ~ _ _ ~ _ _ - _ ~ ~ ~ _ - ~ _ ~ ~ _ - . ~ f _ _ ~ ~ ~ , ~ . - - _ - ~ _ ' -?h~s note with interest is secured by a mortgaRe on real estate, of even date hcrewith, made by the maker hereot in lavor of the iaid payee, and shali be conatrued and en[orced according to the laws of the State o[ Florida. The terms o[ uid mortgage are by this retcrence - _ mada a pa~t hereof. : _ ~ - - . . It default be made in the payTnent oE any of the suma or interest mentioned herein or in uid mortgage~ or in the performance of any of the agreements contained hcrein or in said mortgage, then the entire principal sum and acvucd interesc shall at the option oi :he hold~r hereof become at once due and tolleetible without notice, time bcing of the euence; and ~aid principal sum and accrucd interest shaq -both bear interest from ~uch time until paid at the highe~t rate allowable under tht lawt of the Statc of Florida. Failure to exercisc ti~ia option shall not co~titute x waiver of the right to exercise the ume in the event o[ any subsequc~t detault. ~ ~ - Ea`ch person liable hereon whether maker or endors~r~ hereby waives prea~ntment, prote~t, notice notice of protest and notiee of dis- honor and agreei to paX all co~u, including a reasonable attorney'~ fee~ whether suit be brought or not, i~, after maturi~y of this note or default bereunder, or under u~d mortgage, couniel ~ha~ll be employed to collect thi: note or to pmtect the security of said mortgage. 1ti'henevei used herein tt?e termt "holdtr'~ "maker" and "payeo" ahall be-coiutnied in the tingular o~ plural as ti?e cantext may _ requite or admit. ' . - ~iaker's Address ~ ~SI P8U1 A . FT'@@Iflall ....,_,...,(SEALj " - 767 Cornwall Drive PAUL A. FREEMAN :I , SEAL t~ State College, Pa. , 16801 ~ c ) . . . ................_.._.............(SEAL) • - . . - - O . . ...................._................._.._......_..._.__....................(SEALj - BOOK ~3~ PACf . _ . . ~ - - . - . - - - _ _ _ . _ - - . - ~ - ` ~