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HomeMy WebLinkAbout0917 ~ iTUAIIT. n..w.. ~u~ty 11 ?f85 F011 11Al.UC Il[CL1Vt~. !IN YAA~~?IsMA. i0II11I] ~w1 w~~t~llr. PNOMtE[ TO pAY to tM otd~t d IJ1RFtY R. nI.9'YJ and C?iJ~RI/J1'!'E L. OI.90N. hie r+if~. ZWEN:'Y TNOU~At~m At~D *1U/t 00------------_~- ( 5~0, ~00.00) . Y.___.-~o~L~as. ' or ~ucA ot1~r pl~c~ u ~A~ Aold~r 1~~~eof eaa~ d~~iqa~l• w ntitiuy. loq~th~r rr~th int~~~st lrore~ d~l• ~1 1!w ral• o! 1~ p~r c~atum p~r •nnum on th~ unp~id F.iliAp ~u?!il m~lurit~. TM said ptiacipal •aA ~oter~al shall ~e due •nd parabl• ~a lollows; i10.000.00 principal and accruod intor~st ta b~ paid January 31~ t986, and th~ balanc• of principal and intsr~at accru~d th~r~on to b~ paid July 31, 1986, on~ y~ar fco~ the data of this not~. This indebtedneas may be propeid in Nholo or in part at any time prior to maturity without penalty or premium. II delau~t b~ m~d~ ler 1S d~ra ie tAe payaent o/ anr instaltment oi Principal or ietereal or anr pa~t t?erwf. ll• ~rAob wv t?tw remainin~ ~4NN v~t\ interest aMll at 6older'~ oytion become du~ ~ad Piy~ble ~itheut not~ce_ F~ilure to eaercise w<A oplio~ •h~1) eet coa~tilute a~ vuver d the ri~?t le eierti~e tAr ~awe in lhe eveel ol •.~Ssa9uent delault. Mle? m~turi[y botA Drin:ipal aad accrued inlrre~l s?dl Sr v i~lsrral ~t 14 Per cen wm Wr ~nnus rwlJ yaid The ma4erf ~nd eedoraar• ol t6n notr IurlAer ~~ive dem~nd. not~ce o( non-parmr~t anJ ~rote~t. I! tAi• eote if net pai~ tl m~tunlr and tAt same is plx~d rUA ~n atturat> lor tollect~on. tho makers •nd endoiurs hereol a~rte to par all CosN ol coll~ct~oa. mcludint all cowt c~sb •nJ reuena6le aitorner lee~. S (SEAL.~~ ~ er G. Kane ~ S ~sEAL? ~ ~ l _ _ _ TheresP Pavlyshin-Kane, his wife _ . ISEAL) . _ . _ . . ...ISEALI and shall dul}~, promptl}• and ful!}~ perfonn, discharge, exectit~, effect, complete, compl~• with and abidr b~• earh and eaen• che stipulations, agreeinents, conditions and co~•enants of said pr~missorv no~e and of this mortRa~e, thei? this mo:igage and the estate hereb~~ created shall cease and be null a~~d ~•oid. It is understood that each of the words, "notr," "monRago~" and "mortRaKee" respecti~•eh• and the pronouns referring thereto, µ•hether in the singular or plural am~+~here in this mortRa~e, shall F,c sin~lar if one unh• and sliall be plural jointl~~ and se~~erall~•, if more [han one, and shall 6r m.uci?iine, feminine andlor neu~er, wherecer the cuntext w in~plie~c or adn?its. And said MonKagor Cor himself and his heirs, Ie~al reprrsrr.tati~•rs, succeswr~ and assiKns, hr?rb~• c~n•enants and -a~;rees tv and with said Monga~ee, his IrRal representati~•es, successors anel acsiKns: l. 7~o pa~• all and singu(ar the princiNal and interest and the ~arious and .undn• sumc ~~f mc~n~~ pa~able t~~• cinue o( said pron2isson- note. and this mongage. ~•ach and ch~en~. promptk on the ~{acs rrsperti~c~h• the ,ainr se~erali~ Fx~con~r due. 2. To pa~~ all and siu~~lar ~he t~~es. as,rtismen~s. Ie~~ies. liabiliiic,, ul,liKatiuns and incl~mbranccs of eve~• naturc a~id kind nu~v on said describcd ~ropr~t~. ancUur ttiat hcrcatii~r nia~~ br i~np~~.~~ci. ,utli•rrd. ~~lacr~l. lc~•ird ur as~~ ~srd thrrcupon, ancl/or that herr_•after ma~• be lc~•ied or as~essed tipon this mon~aKr aneUor the• indrbtedne~+> >rcure•d hr•reb~, ~•acli aiid e~en•. ~~~hen due and pa~able according to la~v, betore thc-~~ beco?nr delinyuc•iit, and beforr an~ interr~t attaches ur am pe~~aln• is incl~rred: and in so far as am~ thrrcti~f is ~~f record the same shall hr E~rum~ni~ ;ati~firet and disc liarKed c~l recurd and the or- iRinal nfiicial document ;such as, f~~r instance. the ta~ rrcript ur thr >atisla~tiun ;~al~er offi~iallc endunrd e~r certified'~ shall hc placcd in the I~ands of sai~i ~1~~r~Xa~;~•c ~:itiiin trn da~~ti nrxt altcr Eiatnicnt: ind i~e ih~• r~t~nt that am tl~crruf is n<>t su paid. satiaGrd and dischargrd. said \t«n~;ay;re iua~~ a; am nme ~~at the• tianir ~~r am }~art there~~~l ~.itL•~~ut ~.ai~•in~ ~r affecr in~ am• c~ption, lirn, ec~uit~• ur nKht uniier ur t,~ cinue ut th~. nu~;tKa};e. an~t the h~11 anwunt u( each and r~er~~ such pa~-- mem shall ix~ i~nmediateh• due an~1 pa~al~lc~ and ,hall bear intere.t trun~ [hr uati• thrreY~t unti! paid at tiii~ ratr c~f 14 per centuin pcr annum and togcthcr ~:ith suc h intcrest shall hc :rcurci! 1~~ thr (irn c~f thi. nwrtK:?kr. ~ 3. To place aud cientinuc~ush kcrp un thc huilding, n~~~~• ~~n c~•rraftt•t s~tuatr un ,eii1 lanii firt and ~vind.u~rrn ituur- ` anc~~ in thr usual .~andard pcilii~ furn~. i~~ a~un~ n~~t Ic>. than ih<~ 4~i};hr~t in.iual~l~~ ~aluc, in such c~~n~pam ~~r i~~m}~anic•, a~ ~»a~ fre appr~~~~e~d 1~~ said :~tuns;ake<: and ell wch n~~uranee ~~~~lieu•. ou dl)~' uI >31(I Iri11I({Ill~;ti. :int intrti~,t thrrein eu part E thcrrof, in the akkre•Katr stun a'ti~~r>aid ur iu c~ir.~ thcrruf. ~hall ~ui!ta~n the uwal ~ian~tard m~~rtRakrr ~lau,c~ niakinK thr G lu» imdcr said pulicirs, ~~.i~h and c~cr~~. F~a~at~lr c~~ ,a~d ~1c~rtKa};r~• a. hi~ intrrc•~t nia~ aE>prar. an~! ~•ACh .~nd c•~i•n ,iich ~+c~li~~~ r ~ shall br prc~mpth dc•li~~c°rcd to and hrld h~~ ~ai~1 ~tott~;aKrr: .tnd. n:~t Ic~s th.in t~~n ~la~~ in a~1~~ancr ul tlic cs~~iratiun ~~f rach f pofieti, t~i deli~er te~ said \1urtKa};ce~ a re•ne~.al thert•~~t. u~Krth!•r ~eith a ~r~ript tut thr pren~iun~ ~~'t ,~i.h rene~v,t1: .;nd then• ,hall bc no sueh insuranec placrd cn~ am~ ~~f said buildinK~, am inirn•.T thrre•in ~~r E,art ihcr~•ui, unlc~., in thr ti~~m :tn:i ~vnh ~ thc~ ?oss pa~ablr as aforesaid: and in thc c~c~nt am sii~n ut ina~nc~ hccun~i•~ ~~a~al,lr ~uuicr ~uch E~~~lu1 ur ~~uli~ ic•. ~ai~l ~1c~rKaKcc shall ha~c thr oEition tc> rccei~~c and a~,F~h thi• san~c ~;n acrc~um uf thc in~lrl~tr~lnrts sru~rcd hcrc•i~c ur t~~ ~x•rnut ,.tiii \1~ertKa- F, , Kc~r te~ re•cei~e and use it c~r am• part th~•r<~~~f ti~r ~nher purp~~~e•. ~.ithuut thrrrb~ ~.ai~inK ~~r ini~~.tirinK am ryuin. Gcn or ~ rigtu undcr or b~~ ~•inue of this inonKaKc: an~l in thc e~rnr said \1c~rtKaK~~r chali fur am rc•a~~m tai) u~ kri•p tiir said ~~rrtnssc~ ~ so intureci, or fail to deli~~er ~rorn~th~ am' uf ~aid policicti ol iusura~lce to ~aid \1~~n~;aKi•c. ~~r fail pn~:n~~th tu ~rav lull~ am F F~reniiurn therelur, or in am• respect fail tu perfimn. discharKe. exe•~zuc, rflrct. ~un~plc!r. cu~npl~ ~.•ith an~1 alndc b~~ thi~ c~>~- Clldtlt. or :ux~ part hrrco(, ,aid ~1~,rtKaKce ~na~~ placr and pac for such imurancc or am~ ~~art ~h~~tcu! ti.ith~~ut H~ai~~inK or afTrctin~ am c~E~tinn. lien. :yuit~ ur riRht undrr ~~r bt ~~inuc uf this nwnKa~c. and thc ti:ll am~~unt u1 cach and c•~rnl~ch pa~~ment shal. be• immcdiatcl~~ due~ and pa~ablr and .hall be•ar intrrest frun~ thc clate tht•re~~f until E~ai~1 ai ~hr r.~ic uf ~e•r rentum prr annun~ and togrther with such interest shall he secured b~ th~• lirn of this murtRage. • : 9. To pcmiit, comniit or suiler no H~astc, impa?rrnent or drtc•riuration o( said ~~roE>rrtc or am• pan ~hrrrvi. 5. To pa~~ all and si?i~ilar thc cu~ts, charKcs anc! c•x~~rnccs, includin~; ~rasnnat~lc la~ti~c~s ier~ and c~~st ~~t at»trait~ of ti~lc°, incurred ur paid at am~ time b~• saul ~1c~nKaKcc I,ccausr ancUor in thc c~~rnt u( thc la~lurr un ~hr f~an uf thr said ~ ~1ortRagor to duh, prumpth• arid fulh• pertonn. dicchar~e. execute. ~•Ifi•ct. ci~nipl~•tc, comF~l~~ Niiii and al~ide bv rach and ~ cw-er~~ the stipulati~~ns, aKreements, condi~iuns aied co~~enams ~~f ~aid prunuss~m n:,te, and thi~ inunKaKe, am~ ur eithrr, and said costs, charKes and rxprnses, e•ach and e~•et~, ~hall Ix• iininedia?e{c du~• and pa~aFile•, a•hrthrr ur not there• Ix~ ne,tice, dr manel, astempe to coHect ur suit pendinK; v~d the• fi~ll anu~unt o! each anci iher~• such F~a~•nient ~hall tx•ar interest Iroiu the datg thrrcY?f un~i! paid at thr ratr u( 14 prr ~ rntum E,cr annum, and all said c~fu+, char~cs and rrpcnsc. s~~ incurrcd ur paid, ~ ~ogcthcr with such intrrest, shall tx• u•rurcd In thr lirn uf this n~urtKakc. ~ a~,~~~ 472 ~~~,E ~lfi ~ ~ ~ ~ - - ~ ~ ~ _ - - ~ ~ - .