HomeMy WebLinkAbout0980 +.4s.r. i.~.~+i.tt~ tr 6r
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FOR VAIt~E RECEIV~6, 1b~ ~ud~nl~n~d, fointly a~d NvKaliy, ?ROMfSE TO ~AY to f!» ord~r ai__......---......---•--.. ~
_~tQ~CE MI
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QN~..~i4.U.~l~..~N~_~IQ1.~~.Q:.~--:----------~--~-.-'----_-----.----.-,---,--DOLLARS,
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at 4A_No.r~.~.¢ke ~~Y~r.~S2~'_~.I19.~...~~4~Y.R._$~.Q~~.~~~~___._.___.~.or wch othar ptaa as th~ holdK
~ h~roof may d~q naN tn w~iN~q toqath~r with int~rok fro~n ~ ALri1.._l.~_1987.__~__.----__....._........_._......
~p ~ ~~h ~.._l~$ p~ cMtum p~r annum on th~ uhpaid bala~ca until malu~ity. Th~ said prindpal and int~nst thall
b~ dv~ and payabl~ as followu '
~658.64 a month, the first paynaent beinq due on ~~May 1, 1987 , and
continuing each month thereafter until paid. This sum of ~658.64 paid
~ach month shall, first•be credited to ~nterest and the remainder to the
principal of this obliqation.
THIS NOTE MAY BE PREPAID AT ANY TIME WITHOUZ' PENALTY.
1f d.f•wi r. w.~. h. ..~Q___ r.pa i~ ~h. pr~at a~r i~~t+q~~t ~F ~rMctp+l « i~?.n,~ or ..r ~ ~M...i, ~M wlNb ~v~w tl»~ n~iy .
~~v'ai~ wi* MN~+i1 ~ksM N i»Nse's ~~tiM ?~c~ ~w a~~ ~arab{e w8hw1 Mtia. iailrr~ N~s~~ wcb pHa~ ~IuN iw/ uw~titvt~ e wdwr ~1 Nw
ri~M~ a~xMCka N» G 11r ~wwt d~~~w~1 ~fwh. Ah~~ w+~wMp w* ~cipal a~ acsrw~ i~Nns1 ~bap b~u i~Nn~t ~f .15. rr u~hr~
i) p~r en~w~ w~til p~. TIM ~+k~+s an~ ~~wn ~f IW MN ir~tha ~raiv~ r~wser, ~o~ic~ d w~wyarrwat w~d ~rN~+1. N tl~k Ma k M~ Pai~ ~t
~ eatrrihr M~ tM t~M k~I~a~ vrah a~ atNrn~r fw s~ll~at.w, tM ~+ic~n ~w~ ~~d~rw~s Iw?»f ~y?N to rar ~ll cotM ~f c~IMcM~, iwiloii~~ all awt ~
~ cotb +a~ nuM~ a1Ne+Ny i~w.
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. and shalt duly, promptly and fully per(orm, dis~hsrge, ex~cutr, e/(ert, complet~, rnmply w~th and abtde by each
and e~~cr~ the st~pulauons, agreements. ronddions and rnv~nants ot sxul pr~~m~s~•~ry no[e and thi~ mortgage,
then this mortRage and the estate hereby created shall cease and be nuU and ~oi~i.
= It ~s understood that each ot the ~orda. "note," "mortRagor" and "mortRagee" respecti~•ely and the pron-
r oun~ referr~ng thereto, whethe~ in the sinquinr or plural anywhere in this rnortgage, ~hall be a~ngular It one only
and ahai! be plural jointly and severally, i[ more than one, a~d +ha!! bc ~nn.gculine. (em~nine and/or neuter, wher-
: e~•er the context ao implies or adm6ts.
And aaid Mortgagor tor himaelt and his heira, legal representatives, successors and ~aign~, hereby coven-
~ snta ano sgree~ to and with snid Mortgagee, hia legal representat~ve~, succ~9sors and essigns:
~ 1. To pay all and singular the principnl and intereat and the various and ~undry suma ot money payable by
virtue ot aaid promi~.sory note, and thia mortgage, esch and every, prompUy on the daya respecuvely the anme
R ~everally become due.
~ 2. To pay all and ~ingular the twcea, assessments, levle~, liabilities, oDli~at~nns and incumbrancea ot e~ery
~ nnture and kind now on said de~cnbed proprs:~, and!or that her~atler may be imposed, nutlered, placed, le~~ed
or assessed thereupon, and/or that herraftrr may br IrvieJ or ass~•s.re~i upon this mort~aRe and or the ~ndebted-
r~ ness secured hereby, each and every, Khen due and payable accordin~ to law, before they bernme del~nquent,
~ end brfore any inlerPSt attaches or any penalty ~s ~nc ~ rrrd: anJ ~n so tar a~ rtny ther~ot ~a ot record the aame
~ shalt be promptly saUs[ied and discharged of record and the on~C~nal o[f~cia! dncument !auch a~, for instance,
r: :he tax receipt er the sat~sfaction paper of[icialiy emiorsed or certih~•1~ shall be placed In the hand~ of said
" ~tortRagee w~thin ten dAV9 next after payment; and in the e~~ent lhat any theraof is not ~o p~id, ~atisfied and
discharged, said aiortgx~ee may at any time pay the aamc or anV part th~reM u-ithout wat~~ng or atfecting
any opt~~n, lien, c:~uity or right under nr b1 ~•~rtuP of th~s rrortRaRe, an+{ lhe full anount ot each and every
surh payment shall hc immediatPty due nnd payable znA ahali bear interest [rom the ~ate therent until paid
at the raie ot ten per cPntutn per annum and t~~eth~r vinth such interest ~ha11 be secured by the lien ot thi~
mortgage.
3. To place and cont~nuously keep on the bu~l~l~n~a now or hereafter altuate on eaid land [ire and windstorm
~ insurance ~n the usual standard policy fnrm, in a~um n~t less than s~XIMUM ~n auch com.
pany or comp^~:~s as may be approved by aai~l bt~rt~~r~•e: amf all 9IICT1 insunnre pol~cie~ on any ot aR1d bu~ld-
ings, any int~reat therein or part thereof, in the aR~r~~ate sum alorPaaid or in rxceas therenf, ~hall contain ths
= usual standard mnrt~aqee ~lause makmR the lu~s urd~r ~a~d poli: ira, earh and every, payable to said Diortga-
Ree as his interes[ map appear, and earh ar.d P~'P:~• sn~ h pnhcV ahall be prnmptly deli~ered to nnd held by aaid
]1f~rt~aRee: anri, not les~ than ten ~1ava in a~1ti•anre of the Pxp~ralinn ol ~ach poiicy, fo ~leliver to sald btortRaRee
a rene~val thereof. to~ether Kith a re~e~pi f~r thP prPmium ~t viirh r~n~wal: and thrre ehall be no such insu~-
- ance placed on an}• ot said bu~ldinR~, any ~ntercat th~rein or pArt thercof, unlec~ in the [orm snd with the loai
payaAle as a[oresald: and in the e~-rnt any aum of money become~ paya~le under ~nch pollcy or i+olicies said
Mortt;a~;ee shall ha~•e the ~pli~~n to receivP and a~ply the ~+me on areount of the tndebtedness aecured hereby or
to prrmit eaid ~iert~a~or lo reretvP and u~e It or eny pnrt thereof !or other purno~es without thereby waiving
or impairing any equitv, lien or ri~ht under or by virtue ot this mortgaRe; and in the event aaid MortgaKor ehsll
~ for any rPnsnn [ml to krPp th~ said premi~~s ~o inQUrrd, or fail to dellver promptiy any ot sald pol~cie~ of
~ insurance to sa~d 1linrt~aQ~e, or fail prompttv to pay [nllv any premium theretor, or in any respect taq tn per-
~ form, diachnrRe, ex~oute, effect, complete, cornply w~th and abide by this covenant, or any part hereot, sald Mortg-
aReP may place and pay tnr such in~urance or any part thrre~f witheut walving or at[ectlng eny ~ption. li~n.
~ equity or riRht under ~r by ~•irtue of lhia mortRaRe, anil the ful) ar1?ount ot esch and every ~uch payment ~hnU
be lmmedintely duP and pat•able and shall bear int•rest trom the date lher~of until paid at the rste ot ten per
centum per annum nnd toRether with ~uch interest shall be aecured by tne Uen o[ tAl~ mc+rtga~Ge.
4. To permlt, commit or n~tfer no waate, imFairment or deterloratlon ot aald property or any paet thereof.
6. To pay nU and alnRular the co~ta, chsrRes and expense~, including reasonable lawyer'~ tee~ and ccst of
ab~tracts o[ tille, Incurred or pald at any time by eald Mortgagee because and/or tn the event of the fallurs
; on the part ot the ~afd MortgaRor to Ouly, promptly and lWly perform, dt~charRe, esecute, etfect. complete,
* comply with and abtde by each snd ev~ry the stlpulaUons, agreementa. condiUon~ and eovenanb of eaid promis-
~ sory note, and thl~ mortRege, any or elther, snd asld co~ts, chargcu aad a[pensrs, each and every, shall be Im-
mediately due rnd payable. whether ar not thene De notice, dem~nd. ~tt6mpt to collect ot ~ult pe~dlnK' and t1~~
tul! amount ot each and every ~uch payment ah411 Desr fntereat trom th~ date thsreot uaW patd at the nte ot
ten p~r centum per annum; and a11 uld coat~, char`et +?t~ ~xpensas ~o Incurrsd or p~lA, to[~tMr ~rfth ~ucb tn-
terest, ~ha11 D~ secured Dy th~ Ilae ot W~ mortga~e.
~ ~fl537 Pi~0976
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