HomeMy WebLinkAbout0966 II ~ ~ ~
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~rpUtde~1 MltUM1~8~ that if sai~ .hfortgagor shall pdy unto the sai~ .lltortgagee
the certain prornissory note, oj' ralrich the f'ollor~~ing in words and fr~ccres is ~c true cupy,
to wit:
=._11Q,~0[l. 00 3TUAAT, F1ori~r.,llpranhQr 2 O `
fOR VALUE AEClIVEO, tM - ~
~ ~~M. N~dY +^d wwnN1?. ~110~IISt TO tAY ta t1a erdn d- .]AMF C S tTF ~:SFN
_.~NF~t1deRGn TFN TuniceNn SNt1 Nni~nn
~~.uRS,
hw.o! ~.~r r.M~1, h~ wHti~. eo~tA.? w+a i~1...a han dac..e eA. nt• 01 ~~_v.r eMewe 0.? awwm ee an a~. Ae~a..
T?» ..d ar~N ~f X~~.h.a s. a» «r ..y,e~. i n two ~P«e e.lano. w,~r m.w.it,,.
fnterest be frtnfn December 20, 1986. Thisanotenuai installments plus accrued
per~al t 9 9 ~lY be prepaid at anytime wi thout ,
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fi Wf~uit b~ Mad~ fpt ~,3,Q,Tdsys In tM Mymtn~ of ~ny InftaNe~M1~t of pfMtqil o? Inbr~ Ot anY M~t tb~?bf. th~ whol~ fum tn~n ~~nt~InlM .
unpaltl wtt~ Int~r~t N~1 n AW~y o~~ p~~ tlw aW p~r~N witAOUt notlp. ~illun !o ~~rel~ wd~ optioa p~~11 not co^?~ a waiv~? 01 tn~
~9~t to ~~cif~ tM ynw In tM ~wnt of aups~p~n? dN~~1t. AhM ~natlwlty Doth pHntlNl NIO
i~num untN pa10. TM nykNf ~nd M~AonNf ot t~b not~ furMa wilw 1Nnfand nOtla ot ~u~0 i~tM~st M~II ps,q intMNt ~ pp qntum pw ~
anC tM fim~ It qap~y wlth ~n mpr~y bf tOll~ction. tM ma}tK~ ' ~~t ~ aott~t. N tRif not! li ~ot paltl at mtturltY
r~+saNpN atton~y tNS. ~bf M~ to y~It ep~ts ot eolNCtlon, Ine1u01e?' aU eourt eoat ~nd j
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anc~ shall perfo~»i, co~nplJ icith and abicle by e~eh and eL~ery the stipulations,
a~sreements, conditions and covendnts of said promissory note and of this deed, then
this deed acnd the estate herebJ creccted sha~ll cease and be null and void.
.t~Yt~1 the sacid .1~fort~a~sor hereby covenants cznd a~~rees:
.1. To pay all and si.n~ular the prin.cipnl nnc~ intPrest and ~thPr sum.s oj money
payable bJ virtue oj suirl pm~nissnrJ ~rotP and this t1ePd, nr either, pr~nr>>tlJ on the
clays respectively the sarne severally c.o»ie dree.
2'. To pay all and si~z~ular the ta~es, assessm.ents, let~iPS, jl(Ih1ZItlPS, ~,bligations
and eneumbrances oj everJ natu.re on. saul described propert~ ea~~h an.d etJPry, and
if the same be not pro~rtptly pa.id the sacid .Mort~'a~ee may at any time pa•y the same
without waivin,~ or af~'ecting the option to foreclose or any ri~'ht hereunder, and eLery
payme~at so mctde shall beQr interest frorn the d.accte thereof cLt th,e ratz of 9
per cent. per annurn.
J. ?'o pay atl and singular the costs, ehar~sP4 ~nrl e.xpenses. in.cluding lawJer's
fees, reasoncably ineurred or pdid at dny time by sQid .Mort~sa~see beearese of the failure
on the part of tJie said .hfortg'¢~or to perform, eomply uzth a~ad abide by each and
every the stipulations, a~reements, cnnditions and coven.an.ts of~ said prumissory note
and this deed, or either, and et~ery such pay~rtent shall bear iiaterest from date at the
~ rate of 9 per cent. ~er annum. ~
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~ To {ceep the bttilding now nr here~jter on suid land insrcred in a stcm not ~
i less th,c~n Hi ghest Insured Val ue . ~
' Dollurs, in a compan~ or ~ompa~iies to ~
be approved by sacid .1l~iortQ'c~~ee, and ~he policy or policie~ held by and payable to said ~
.~lort~a~ee, cand in the event any surn of mo~ap~ b~comes payable under such policy or ~
~ policies, the .11~iort~'c~~ee shall have the option to receive and upply the same on account
of the indebtedness hereby secured or to permit th.e .hlort~agor to receiUe and use it, or !
( any part thereof, for other purposes, wi`,lwut thereby waiL~in~ or impQiring any equi~y ~
lien or right under or by virtue of this mortga~e, and may pl,cue and pay for sueh
insurance or ocny part thereaf, with.out u~uivang or Offecting the aption to foreclose or ~
any ri~tcf hereunder, and each and every such p~yment shall bear interest from date ~
at the rute of 9 per cent. per annum.
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