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Home My WebLink About0956 i ~o ~ut and to ~iotd ftie an?ne, foget{?er with t~e lenemenls, hereditaments nn~ appurfe- nances thereto 6elonging, and the renls, iseuas and ~ro~its tF~ereo(, unto the mo~tgagee, in Jee simpls. ~d tF?e mortgago~ covenants with the mortgagee that tf~e mo}tgaeor ia indeJ~t61y seized of snid lund in /ee simple: that the mortgagor has good right nnd Inwjul authority to convey satd Iand w a/ore- said; thai the mortgagor u~ill make auch /urther msurances to perject the f~~e simplu title to said land in the nwrtgagee as may rearona6ly 6e required: that the mortgago~ he~6y ~ully u~arrants the title to auicl lant] and ~~i[ de(end the same against the lawful claims o~ ali persons whornioever; nnd thnt aaid lnnd ia /ree and clear of all encu~nbronces except taxes accruing subsequent to December 31, 1985. ~1~{~ 7liW~s~ lhat ij aaid mortgagor s(~all pay unto aaid mortgagee the certnin promis- sorq note hereina~ter substnntiauy copied or identi~ied, to-wit: Promissory note to JAMES DAVID IVEILL from WYNNE BUILDING CORPORA- TION dated May 30, 1986, in the amount of $427,500.00, payable as follows: The pri.ncipal amount shall be due and payable in four (4) equal, annual successive instalTmen~.s of $ib6,g75':'OO ~each, the first of which shall be due and payable on May 30, 1987. Interest at the rate of ten percent (10$) sha?1 accrue from the date hereof. Interest on the unpaid balance shall be due and payable with each payment of principal. Promissory note ta RI~H~IRD V. NEILL from WYNNE BUILDING CORPORA- TION dated May 30, 1986, in the amount of $213,750.00, payab~.e as follows: The principal amount shall be due and payable in four (4) equal, annual successive installments of $53,437.50 each, the first of which shall be due and payable on May 30, 1987. Inte- rest at the rate of ten percent (10$) shall accrue from the date hereof. Interest on the unpaid balance shall be due and payable with each payment of principal. Promissory note to INDRIO COMFANY from WYNNE BUILDING COkPORATION ; dated May 30, 1986, in the amount of $213,750.00, payable as ~ follows: The principal amount shall be due and payable in four ~ (4) equal, annual "succes~ive installments of $53,437.50 each, the ~ first of which shall be due and payable 4n May 30, 1987. Inte- ~ rest at the r~ate of ten percent (10$) shall accrue from the date € hereof. Interest on the unpaid balance shall be due and payable ~ ~ with each payment of principal. ~ ~ i . , ~ : ~ ~ . ~ ~ ~ ~ ~ BOOK ~O~ PAGE ~7~~ i • - - - _ . - -