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_ s 17.,_500.00.-------- ......1._Apr_ii..-----....._..... 11Et7....... •
f0~ VAWE RECEIVED, 11» w~d~etl~n~d, hiMl~? an~ s~slly, ~ROiNItE TO'AY fe th~ ordw of
1~~1 ter T. Troj:?n and D~rrfs M. Tr~j~nj..!!~.s__W.~.f.~~--••---
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.?i~_.L11I41•-St--.1.iAT--Ac~--B~a.r....Ir..n.Sat~ .1~ch,...Ela_._3345I_._....--• OOLIARS,
~5~~~.cutcrn__Ll~cuisand_F.i.uQ._tawicic~E~~-•c1w~-lar•s~•a~?d-~~c>SSIItS-.- :..._.er wd~ ofhK aa as tM held~?
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I+~MOf m~r d~at~ M w~iHno to~th~? with i~t~htt fran ..._ciate. sl~oxn..z¢ov~---__...._
` at th~ rah of ------D-.-------• p~? c~Mum pir an~un~ on fh~ uopaid balana ueH1 m~fu?itp. Th~ said prindpal aed i~Nnst shall
b+ du• and pay~bl~ as followt:
Two annual payments which are payable as followss
~ $10~000.00 due 1 April 1988 anci
~ 7,500.00 due 1 April 1989
q `PHIS NOTE CAN BE PRF:PAIll witl~out penalty.
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and ahall duly. promptly and fully perform, diacharge, execute, eftect, comptete, ~~mply wtth and abide by each
and averv ~the atipulationa, agreements. conditiona and covenanta oi said prom~saory note and oi thia mortgage.
then this mortgage and the eatat~ ;:°eCy crtaCed ahall ^_Ease end be null and vo~d.
It i~ understood that each of the wonis. "note," "mortgagot" snd "mortgagee" reapecUvely and the pron• !
ouna referring thento, whet6er In the aingular or plural anywhere in this mortgage. ahall be aingular 1f one only ;
and ahall oe plural jointly and xverally, fi rn~re than one, and ahall be masculine, teminine and/or neuter, wher-
ever the context eo implixa or admits.
And sald Mortgagor tor himDelf and hia heira, legal repreaentatives, aucceasora snd asaigns. henby oovea-
ants ana agrees to and with aald Mortgagee, his 1ega1 repreaentativee, succeaeors snd sesigna:
1. To pay sU and aingular the prlncipal and Intereet and the varlous and sundry sums of money payable by
vlrtue of aald prnmiasory note. snd this mortgage, each and every. prompUy on the daya respectively the sams
j severally become due.
~ 2. To pay all and singular the trucea, asseesments. leviea, liabfiitiea, obligetions and Incumbrances of every
nature and kind now on satd deacribed properly, and/or thnt hereafter may be imposed, auffered. placed, levie~
! or aaaesaed thenupon, and/or that hereatter may be levled or aases~ed upon this mortgage and/or the indebted-
~ ness secured hereby. eaeh and every, when due and payable according to lew, be[are they Decome delinquent,
and before any interwt attaches or any penzelly is incurred; and in so far as any thereot ia ot reoord the sams
ehall be prnmpUy aatisflM and di~harged ot record and the oriqinal otlicial document (auch aa. for instance.
~ the tax nceipt or the satiafaction paper officially endoraed or certitied) ahall be placed tn the hands ot said
Mortgagee within ten daye next atter payment; and in ihe event Lhai sss;; :hs:~t :s r.~: a~ gaf~, satlsfied $n~l
~ discharged, aeid Mortgagee may at any time pay the same or any part therec~f without wafving or affecting
any option, llen, equity ar right under or by ~irtue of this mortgage, and the full amount of each and every
ssch payment ahall be immediately due and payable 1nd shall bear interes[ from the date thereof untll paid
at the rate of ten per centum per annum and together with such intereat ahall be aecured by the lien of this
rnortgage.
8. To place and continuously keep on the buildinRa now or hereafter eituate on seid land flre and windatorm
inaurance !n the usual staredard polic~• form, in s aum not less than i...-..... N~~ 1n euch ¢om-
pany or ~omp^ntes as may be approved by said Afort~a~ce; and ali such ir~surance polictea on any of sald bufld-
inga, any tntereat therein or part theeeof, in the aR~regate aum atoresaid or in exce,s thereof, ahall contaln the
usual atandard mortgagee clause making the 10~.9 ur.der sai~i policiea, each and every, payaoie to said Mortga- ~
gee as his interest may appear. and each and e~~ery su~•h pnlicy shail be promptly delivered to snd held by aald ~
Mortgagee; asid, not !e~ Rtp~ ten dnys in advan~e of ifie exoi~ation ot each poUcy, to deliver to anid Mortgagee
a renewai thereof, toRether with a receipt for the prpmium nf r~~~h renewal• and there ~hall be no such inaur-
ance placed on any of safd buildinga, any intereat therein or part thereot, unleas in the form and with the loaa
paysble sa atoreaald; and in the e~ent any sum ot money becomes payable under auch policy or pollciea aaid
Mortgagee ahall heve the opUon to recetve and apply the same on account ot the indebtedneas secured henby or
to permit sald Mortgagor to receive and uae it or any pnrt thereot for other purposes a?lthout thereby waiving
or im~alring any equity, llen or ri~;ht under or by virtue of thta mortgage; and ln the event eald Mortgagor shall
for eny reason tail to keep the safd premiees ao insurrd, or faii to deliver prompUy any ot aafd pollcles of
inaurance to aaid Mortgaqee, or fatl promptly to pay fnlly any p~emium therefor, or in any reapect fafl to per-
lorm. diacharge. execute, et[ect, complete, comply with and abide by this covenant, or any part hereot. satd Morig-
a agee may place and pay for such in~urance or any pari thereof w(thout waiving or sffectlng any option, lien.
equfty or rlght under or by virtue of thie mortgage, snd the tull amount of each and every auch payment ahall
be fmrmedlately due and psyable an~l ahall baar fntereat fmm the dete thereof unt11 paid at the rate o[ ten per
cenium per a~nutn and together wlth euch fnterest aha11 be eecured by the Hen oi thb mortgage.
b 4. To permtt, commlt or auffer no waste, impatrment or deterfonUon ot sald pmperty or anq pa?rt thereot.
~ 6. To psy and aingulu the costa, charges and exper.ses, tncluding re~sonable 2ewye~s fees and coet of ,
abstracte of lfUe, tncurnd or pald at any time by aaid Mortgagee becauae snd/or !n ths event of the faltur~o ~
on the part oi the safd Mortgagor to duly. promptly and Nlfy periorm. dlscharge, esccu!e. effe¢t, completa„ _
complr wtth and abide by each and every t~e stfpulaUoni, agreements, condltloru and covenanta oi eaid pmmla-
~ory note. and Ws mortgage. any or efther, end aa13 coat,. chsrga and e~rpaue~, each aad every, ~hall bs lm-
med[ately due and payable, vrhsther or noi U~ero be noUce, demand, attempt to cc~lkct oe sult pending: and We
fu11 amount of each and every avch pa,T:.:.i bxar fnterest frota the date tbereot unW Pa1d ti the rate ot
tea p~r ~ntwn per annum; and all sald cosb. char8ei and upeose~ w lacurrad er psid. Wsetber wtth ~ucb fn-
- teraat, ~hW Ds ~acured b~r t2r~ Iies ot thfi mortgage.
~537 ~E09~2
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