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4$ IQ, 000.00 QcGob~r. Z v ~9 82 ;
FOk VALUE RECEIVED, the undersignect, jointty and sevi~raNy, PROMlSE TO PAY Io the o?:Ier of
Cti~'~RLE,S F,..'1'h(It~113~Z.I~ ancl RU'1'ti N. TIZUi~1J31JL]., hi:~ c•:ii:e
: TI?~~; TH~USA^» ~1N~~ no/100----~------------------------------------------oo«~~s, ~ ~ `
` at f+-~~_~ • L'. _ Slcylinc'. UI 1V~, ,I~IIS~tI I3CaCI1, 1' L 33457 ar such othor placo as thc~ holder •
hereof may desiqnatc~ in wr'ilin~ togelhcr wilh int~:rest from ~CtOber 2Q, 1'~82 ;
; t~t tho rate oE - 1_4.- per centum per annum on the unpaid balance until maturity. The said priticipal and interest shall
be due and F~ayable as follows:
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$232_.69 per month, the ~ir~t Payn~enG hein~ due one month from date i
liereoC aild to c~nti~lue eacli mc~nttl Chereafter until p~?id in full. z
: 'I'11e sum of. $232.69 paid each month St1L111 first be crcdited to interes~
atid t_he remainder to the principal of this obli~,atioi~. This no~e
may be prel~aid at artytime witho~iC penalty.
li deFaull be made for - 30 ~ days in Ihe payment of any ~~~staltmenl of princip~l pr intuesf or any parl Iheraof, fhe wholo ~~m then iemaining ~
unpaid wi~h inleresl fhall al hotder't option betome dua and payable w+?houl notise. Failure to exercise tuch oplion •hall not canstifute waiver of ~h•
~ight to exercis• ths ~am• in Ihe event o( ~ubsequenl deFaul~. A(ter maturily 6olh prinRipal and acc~ued interest shall brar inlerett sl ~ 1~- per centum ~ ~
per annum unt~l p~id. The maken and endorsers of th;~ ~ote furlher waive demand, ~o?ice of non-payment and pioles~. If Il+is nole is no~ paid a~ ~ .
m~turi~y and ~he s+me is plac~d with an allorn~y for collec~~on, ~ho makerf and endorien hereof a~jree to pay al) coslx oF collection, including all courl j
cost: and reaton~bl• allorney Iees. ` `
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~DOU~~I~1S N . TAYI.OR (SEA~)
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Attest: s~~l\B~L ;2. 'I't~YL0I2 _ (SEAt)
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, and shall duly, ~romptly and fully pcrtorrn, disrh~r};e, exF~~ut~. rff~~r;, cuniptet~, ~•nmply µ•~th and abide by each
. and e~er}• 1he st~pu:auons, agreemcnts. rond~tu,ns and co~~~nants ni s;u~l pn,:n~s~vey note and ~f this mort~age,
tYi~n th~s mortKage and the esta[e hereby created shall ceasc and be null anu ~~~ul.
~ It ~s understond that earh of the ~~•or~3s. "nate." "mortFa};or" and "mort~;:igee" respecti~~ely and the pron- ;
ouns refernng thereto, vvhether ~n the s~ngular or plural anyu~hrre in thls m~rt~;age, sha}I be singular it one oNy
and shall Le plurxl jointly and severally, if mure than nne. and shall he ~na.vcullne, feminine and.~or neuter, wher-
e~•er the context sa impltes or adin~ts. _
- And said btortgagor tor himselt and his heirs, legal representati~•es, suc~cessors and assigns, hereby coven-
~ ants ana agrees to and with said hior[gagee, his 1ega1 repregentaUves, succrssors and a5signs:
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1. To pay all and singvlar the principat • and interest and the various and sundry si~ms ot money payable Dy
, virtue of said promissory note, and this mortgage, each and every, prompUy on lhe days re9pecuvely the same ;
se~~erally become due.
2. To pay a11 and s~n~uiar the taxes, ~ssessments, Icvics. I~ahil~ties, obli~atinns and incumbranres of e~~ery
natui~e and k~nd now on said descnbed property, and ~r that herrafier may be ~mposed, suffered, placed, le~~ied
or assessed thereupon, and; or that hereafter m.iv b,~ 1.~~~~ed nr as~rsscd upon this mort~a~e and or the ~ndebted-
ness secured hereby, each and e~•ery, w•hen due and ~~ayable acrordinfi t~~ law, befnre they become del~nquen[,
and b~~fore any interest attaches or any penalty ~v ~n~urrr~l: am1 i~ so far as an}~ then~of is of record the same
shall be prompUy saUsfied and d~schar~ed of record and the on~inal off~c~al ~1~cumenl !such as, for i~istance,
ihe tax rece~pt er the sat~sf~icl~on paper otficially eminrv~~d or cert~f~~clt 9hK11 be plared tn the hands of said
~1ort~agPe k~[h~n ten days next after Payrnent; and in the e~~rnt that any thereo[ ~s not so paid, sat~~fied and
: discharged, sa~d Dtortya~ee may~ at any time pay lhe san~e or any f~art therenf ~+-ithout wa~~~ng or affect~ng
any o~t~~n, lien, equ~[y or n~ht under or b5' t'ir'tur of this m~rt~;a~r, xnd thc full amount ot each and e~~ery
surh Payment shall be i~:mediat~ly due an~1 c~ayable ~n~i shall bear inlerest trom the itate thereo[ until pa~d
at the rate ot ten per c~ntum per annum and t~~fieth~~r ~c~lh such mterest sha11 be secured by the lien of this
mortgage.
3. To place and cont~nune~sly ke~p on the bu,ldin~s nuw or hereafter sltuate on said land fire and w7ndstorm
' Insurance in the u~ual .~tandar~l E~nl~~y f~rm, in e ~um nn! tesa thnn E maximum !n such com- '
pany or cornti':r~s as ma}~ be apnr~~ved bp ~a;~t ;~lrut;,~a;-~ r, ar. 1 nli su~~h ~nsuranre p~ltcies on anv of srtid bwld-
' in~s, any 1ntPrest therein or ~art thereof, ~n the n~~r~~~ate vum aforf~~aid or ~n excess therenf, shall contnin ihe !
usual standar~t m~rt~a~e~ ~laus~ mak~n~ the I~~~s ur~ir~r a-ivi Pnl~c•~~~9. e~rh and eti•ery, payable to sxid binrtga-
, Ree a~ his ~nteres~ mati• anpear, and ~1ch ar.~l r~~F•;y su~ h rnl~cp ~hall be pmmrtly deli~•ered to and held by said
~Iort~a~ee: an~i. not less than ten rtavs in a~i~:~nre ~f tne ~x~~ratinn of Pach polic_V, to deliver to Sql~j hiqT~/,'R~P6
a renc~~.ti•a1 thereof. to~ether ~~•~th a re~e~~,t (nr thP ~rPm~am nf a~n•h rrnett•a); And th~re shall bc no such insur-
: anre placed on an}• of ~aid buil~lin~s, any ~nte~r~~s; th~rrin ~ir ~art ther~ot, unless in the fotm and w~th the Insa
pa~~r?b]e as 8fores~id: and in the e~•rnt any sum o[ m~inev 6rcomes rayable under s~~ch pollcy or rolicies said
~{n~~(;?F,'PP shali ha~•e the n~ti~m ~O rFCei~'P and %i(1fl~y t)lf 'i:fTT]P f)fl 8~'COtIIt~ of the ifl~iebtedness secured hereby O~
to ~~rmit qa~d ~tort~aFor lo rP~eiv~ fln~i u~e it or eny rart thereof for other purnoses without thereby waiving
or impa?rinfi an~: equity, lien or ri~ht under or by ~•irtue of this mortga~e; and in the event said MortgaKor shall ~
(or nny rr~zsn~ t~i! to kr~p the ~a11~ ~f~fll{9r5 9fl insurr~i, or fail to deNver promptly any ot said policies of
ins~irance to sa~d Dtnrt~aR~e. or fail promptly to pay fiilly any premium therefor, or in any re~pect fait t~ per-
_ form, d~schar~e, ex~~ute, effert, complete, compty «7th and abide by th~s co~•enant, or any pert hereot, said 7~tortg-
aRer may placr an~i pa~• f~r snch insurance or any part theren( with~ut ~ti•aivin~ or a(feeting any optinn, I~en,
equity or n~ht under ~r by ~~irtue uf this mort~aKe, an~l the full :?mo+mt of each and every euch pr~yment shall
be Immed~Rtely duP and payahle nnd shall benr intPrest fmm the date ther~o[ untll paid at the rate ot ten per i'
centum per annum nnd toRether writh such lnterES[ shall be aecured by the lien ol thlB mortgaRe.
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4. To pcrmJt, c~mmit or sufter no w•aste, ~mpairment or deterioratlon ot ~afd property or any part thereof. `
6. To pay nll and sin~;ular the coats, char~es and expenses, includ~ng ret~onable lav~ryer'e lees and cost of
abstrncts ot title. Incurred or pgid at any tfine by sald btortgegee because end~or ln the event of the lallure
~ on the patt o[ the seld Mortga~or to duly, promptly and tuUy pertornn, dlachar~e, execute, efiect, complete,
comply v~~ith and abfde by each nnd every the stlpulatians, afireemerita, condiUon~ and covenanta of said promis- "
eory note, and thi~ mortRa~e, any or efther, and snid cnst~, charges nnd expenaea, each and every, shnll be Im-
s mediately due and payable, whether ar not there be notice, demnnd, ~tt~mpt to collect or bult pending; and the
~ tuU emount ut esch and every euch peyment ehnll bear intvest trom the dnte thereof until pald at the rate ot
ten per centum per annum: and all asld coet~s, chnrget and eapeneea w lncurred or ps1d, together wlth such ln-
tereat, shall be eecured by the lfen ot thla mortgsge.
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