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<br /> " Real Estate Mortgage , cont . , Page 2 . :
<br /> One Hundred Twentv ( 120) monthly ��yments of $ 37 "2 . 43 , to be applied
<br /> - : first to InCerest� and balance to Principal , commencing nn tlie 15tt�
<br /> � day : of Piurch , 1477 , xnd on the 15th duy of each month thereafter .
<br /> 1 ; The final .;paymen[ of principal and interest is due and "payable on
<br /> ' February .15 , 1987 ',
<br /> 1 all accordi to the tenure and effect of the one
<br /> nS promissory nnte of the mortg�gor
<br /> f ' beari even date wi[h these resents • shall
<br /> nS p , pay all t�xes and assessments levied
<br /> upon such real estate , and all other tuxes , levies und assessments levied upon this
<br /> ,`.: . ,
<br /> mortgase 'or upon the no[e which this mortgage is given to secure , before tiie same
<br /> Uecomes delinquent ; shall : keep ttie buildings on said premises insured Eor the sum vL
<br /> � $ 30 , 700: 00 loss . if an
<br /> t , y , pnyable to the mortgagee , its successors or :� ssigns , and del3ver
<br /> to said . mortgagee , its successors and assigns , the policies for suid insurance ; �nd shall
<br /> not permit or commit ang waste on such real property ; then ttiese presents to be void ,
<br /> otherwise ta be and remain in full force and eLfect .
<br /> It is zurther agreed :
<br /> 1 . That if the said mortgagor shall fnil to pay such [c�ses or procure
<br /> such insurance , the mort�agee , its successors or assigns , may puy
<br /> such taxes and procure such insurance nnd tiie sum so advanced , . with
<br /> ` interest at 8a per annum , shall be pnid by the mortgugee and this
<br /> `' mortgage shall stund for se�urity of ttie same .
<br /> ; 2 . Th�t fuilure to pay any of said money , either principal or in[ erest
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<br /> --� - - � - -
<br /> =; - kucir ine 3u�e becomes aue , or a iailure to complv cai [h any ot the
<br /> foregoin� agreements , sh.+ll cuuse the whole sum or sums . of money
<br /> herein secured to hecome_ due and collec [ible at once at the option _
<br /> of the mortgagee , its successors or assigns .
<br /> ' 3 . In case of a foreclosure of this mortgage under any of these .
<br /> � provisions , a receiver may be nppointed to collect the ren[s , c�nd !
<br /> � � profits from the mortgaged premises and. the proceeds of any such
<br /> rents and profits so collerted shall be �pplied on the debt secured
<br /> here6y .
<br /> 4 . The mortgagors herein shall have the privilege of prepnyment at any
<br /> time hefore maturity by payment of the unpuid principal balance with
<br /> interest to date of payment .
<br /> ' Dated this 15th dny of Februsry , 1977 .
<br /> CALVARY LUTiiGRAN CHURCH OF CItANU ISLAND , NEIIRASI:A
<br /> an Inco porated Religious Association
<br /> � /� r (
<br /> By � Ca.�� C.G�'L1` {i�-fF)
<br /> A o ni President 6 Trustee
<br /> Bv
<br /> n Caldwell, VicF President & Trustee
<br /> sY `�' ��C�..1 / / / 4,.^2�'l<
<br /> Chnrles Irick Secretary and TrusCee
<br /> ATTEST : /�1,rIG .� ' A�I�Jn
<br /> Charles Irick, . Secretary & Trustee �
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