HomeMy WebLinkAbout0988 33, 000. 00 ~ February .~5 87
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fOR VAWi RECEIVE0.1M ~ad~sl~d. ~O1M11? ant! s~v~eally, ~RWNIS~ TA'AY to th~ orelK o~..._......__....._.._._._.~..._........
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N.1II~.51 Q s~ A?, f- A=..3T- V-e~~e-•~b~+ Ten en SeACh h F~~._..or wdt oth~ plaa as th~ fiolda
lanot a~r t~ M wiiti~ ta~+~+~? with I~tanat fwm ~
sf th~ rat~ oi pu aMvm p~r annum oa th~ u~psid balancr uetil ~a~tu~tty. T1~ said prindpsl ~nd Inf~r~q d+ail
b~ dw am! ~arab~ as folkwa
DATE PRINCIPAL INT~ EREST BALAIJCE DUE
February 198~ ;16,500.00 ;Z,145.00 ~18,645.00
February 1.989 ~16, 500.00 ~ ;l, 072. 50 ~ ;17, 572.50
THIS Nt3TE MAY BE PREPAID AT ANYTIME WITHOUT PENALTY.
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snd sl~all duly. Fromptly and tully pertorm. disch~rge. execute, e/te~~t, complete, ~omply w~th and ~Dide by each
and e~•erv ?he stipulstioru, ~grcementa, cond?tions snd covcnsnls ot sx?d promitsory rtote aod o[ this mortgaee.
then thi~ mortgage and the eatate hereby created ahail csase and be nWl ana voui.
It is wderatood tAat each ot the wonla, "aote;' °mortgagor" and "manR~qee" reapectlvely and the pran-
ouna refernng thsret0. whether in tAo sin~ul~r or plural anywhere in thla mnrtgage. slrall be ~in~ulas !t one only
and shall be plursl ~oFntly ~nd s~verally, it more than one, and shall be masculine, teminine and/or neuter, wher.
ever the context so impliea or sdmfts.
Md sald ]`tort~or tor Nm,elt and,his hefra, legal representattva, succes~ora and esslgeu, hereby coven-
~nts ana ~rees to and with uid l~[ori~agee. hls lege! representsqve~, aucceasors and uslgt?s:
l. To pay W and aingular Ne principal ar?d intenat and tbe vuiow and sundry iums o! money payable py
vlrtue ot said promiswry aote, and thjs mart~ast. eub u?d every, pmmptly an tAe days respectively the um~
sevenlly become dw. ~
~ Z. To pay dI and siry~ular the tiuces, assessments, levlea, lfabilitle~, obli~atiens and lncumbrancq ot every
nsture ~nd klnd now oa ssld described property, and/or thst hereatter may be imposed, autfered. placed, levied
! or asaesaed tbereupon, and/or thst herestter may br levied or ass.~s~ed upon this mortgage and/or 1he indebted-
~ neas secured hereby._ eacA and every, when due and payable accoMing t~ law. betore they become delinquent,
and bzto~e any intereat sttaches or sny pen~lty i9 incurra~f; and in so tar as ~u?y thereot i~ ot recotd the um~
~ ahall be prumptly sstistiecU snd dischsrged ot record and the ori~Cieal official ~Mcument (~uch ai, tor in~tance.
~ Lhe tax meipt or the utistactio~ paper otticislly en~loreed or certt[iecf 1 shsll De placed in the hands ot sald
Mortgagee within tes days next a[te~ psyment; and In the event thst any thereot is not so paid, utisfied and
dischargcd. aaid Morfgsgee may at any time psy the s:?ma o~ any part therrnt ~-ithout waiving or at[e¢tin~
any option, Uen. equity or right unde~ or by virtu~ ot this mortgage, ~ruf lhe fult amount of each and every
such payment ahuli be Immedialely due snA payable nnd shall bear interest trom the ~Lte thereot until pafd
at the rate of ten per e~nturn per annum and tngether wilh such interest ihalt be secursd by the Iten ot this
mortgage.
. S. To placx and continuousiy ksrp on the buildin~~ ~u?w or hereatter dtuate on ssid lsnd Ars and windator=n
Insurance in the uaual standasA policy ferm, In a aum not less th~n i.~ -~-~-••••~IMUM,,,,,,,,,,,,,,,,,,,,,,,, ~uch com-
psny or comps~:ra as may be approved by sai.l ~l~rt~a~~~e; amt all auch lnsurunce pelfe(es on any of ssid build-
ings, any interest therein or~? rt thereot. in tha sR~re~ate ium a[oroaaid or in excesr thereo[. shali contafn ths
~ usual atandsM moriRase~ clauae mskinR the 1~?xa und~r anid policiea. e~sch •nd every?. payable to s~id ~lortga-
gec as hii intereat may appear. anA eacb and a~•ery e~u•A {x?licy shall De pmmptly delivered to and held by uid
alortgagee; ~nd, not Icss than ten daya in a+l~an~e of the ~xpiralinn of esch pollcy, fo delivec to satd MortgaRee
a nnewsl the?eot. toRether with a receipt fnr th~ pnmium nt ~a~ob renewRl• Rnd there shall be no ntch insu~-
•nce placed on any uI s~a14 buildinRs, any intereat therein or part thercot. unle.~s fn the torm u~d wlth the loaa
pavable aa atoreaaid; +?nd in the e~ent nny wm of money becomes paysble under s+~~ch pollcy or policles ssld a
MortK+~Ree shall have the optt~~n to recelve and apply the rame on account o! the lndsbtedness ~ecursd htreby ae
to ~rmit said MortRaRor to recctve wnd u~e It or ariy p+~rt tf~ereot !or ott?er purposas arithout thareby watvlrtr
or impairing any equftr. lfen ar tiRht under or by virtue oi thfa mort~aRe; and in the event ssld l`[or/gagor shall
tor any rraan~ (nil to ke~p tJu aa1~ premius sn tn~urr~l. or tail to dellver promptfy anY ot sald policies o!
inaurance to aaid MnrtRs~[re, or tajl prompUy to pay tnlly any premfwn Uferefor. oe in any nspect tsll ln per-
torm, diacharRe, exe~ute. effee~ comptete, eomply with and ~btde by thla o~venant, or any part hereot. ~sld bortg-
ager msy place ~nA psy te~ auch f~sur~ne~ or ~ny pnrt therent wlthnut walvinr ~ o~ +?ttectlrr any optfon, lien.
equity or ~iRht under er by virtue of thts nwrt~e, and tbe fuU sq~ount at esch snd every wch pRyment shaU
be lmmediately due anA payable and s1?aA be~~ Int'rest !mm tfu date th~reot untli pstd at th~ tats ot ten pee
centum per annum nnd togethe~ wlth euch InterasR shaJl ps aecui~d dr the tleu ot tAl~ mtrt~e.
To permlt~ commit or autter no waite, Impairment or det,asfoe~tloa ot +vd propertr o~ any part tlureor
6. To p~y s11 and ~lnRulas the costs, eharRss and expenscs, it~cludin~ rea~onable Lwyee's teu u~ co~t ot
abatncb ot litk. Incurnd or pald at auy tltns ~y iatd ~[oK~a~ee bec~tts~ aM/or IA th~ svent ot tht tallu»
on ths put ot tht sald itort~a~or to dylY. PrompUy aa0 [uUr Wrio~n, di~ehar~~. ~cecut~. sKeet. coaaPkt~
complr wlth arb ablde by eacfi aad wery tb~ atlpulatla~a, aR+~neata. eo~dltbaa and e~?enaat~ o! ~atd promL`
wry note, atW W~ mort~R anr ae dtl~e~. aAd uia oosta: a1r+R~ ~~P~+? e~eh ~ed ~~ary. sball b lm-
medlately dus an4 P~l?abl~. wA*N~r or not tMn a notlce, dee~tsud. attaaAt to oollect or sult p~aatn . ana th~
tull amount ot eaeA and ewry wcb pa~t sba11 aas lptarMt lraa tM dat~ tb~no! t~W Qald at t~ tat~ ot
t+A Mr esntuen per s~?awn: and ~U uld ea+t~. ehir~ ~d ~cP~sws ~0 lncnrnd ot patd. tohtlw* w?ttA ~ueh !s-
ttna~ ~hW b~ ~cusod bp ths If~? ot Wa a~oet~. '
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