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<br /> incorporated l�ta aad oha�ll be desed to awet�rl a�d ��PF��t � undes'a3y� f"Eorss�ex`") �{� �
<br /> �' �`� �
<br />— g��ity � t"security L�s�ent 1 ot tt�e �sa■e da►te Qivrn by ` . '::'-��. f".;;,�:���{
<br /> ',. m se�vr�e BarraMer's Hote ("Iiate°l ta � a ;.;,a�.�:,�_
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<br /> ' � HOt+'IE FEOERAI 5AVINGS At1� LOAN�ASS�CIATIQN OF GRAND ISIAf�'D `� . •�."'-`;�;��`�' -
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<br /> described 3u tl�s Security L�t :: ;;{,�;�'"�, «�:
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<br /> '� .�,�--= --- (~f�°� -O� �1lt �� �8b� a!� O�V�1.'�Q ��
<br /> -r..,cz� .,. ..
<br /> ;.. . � . ana �acatica a�: Rac� tsi.anu�. � seeo� • �`�;.:�� �.:�t::' �-
<br /> 332 E ElUf3GE, G ti,pr:-
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<br /> ¢�� �`� �� .. ' :.�y�.
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<br /> ' te�oa3e 3n the Se�.'�itp Itistr+�en�. Hor�r � "..�;�•
<br /> �� k d4-� �<
<br /> f: Y�::.t:�c' �fl 8��t'�al t0 � CQV��S ��� . _ . ,.,`r�"_.
<br /> �;iJ L �4.� ` �1�1!'L':CJ�1�t � �. _ i''!'..
<br /> ; ,���r,< <- , �x. �•�C�A�19: � t 898L'"'° r _ _�- _ -
<br /> ;; , . �"•:. p� �.gtlB 11�� � � ��11 !
<br /> .;� ;`•`�`�;.t;��r�`'t���• � • Len�er, cr r�e of ite �s �r wlth tbe px+aiiaiass at th3e � . . -
<br /> �;' ��;� '� � s�spoaaiti#.�GY for aseuring codePliance �a� �t 3n full o! al! �s �bY � . .. :*`;;�`�--�
<br /> ,:;; „ Tsuc-F�Qt���J Ride�r. �Y ��. . , : . - �
<br /> ` th3s Se�.�ur�t�;Ynetst�eat 1t: ;' ` '. ° � er� ��� to a � , �_=_
<br /> ���r' • (a� AY�„or part of the PrapertY �-s�ld or atl�e=wise tsaas! bY ; , , _ ���:__-
<br /> :�f. _..� , � � pu�er or���tt�c tr�eterec: ��ed to acc�pg tt� gs'oP�st�'aa a p�3s�ipe�. �. `�;.:,,�` ,�...-
<br /> ` `'' . (i� W�o ��I� Y� a€�� +the sale a�r trans�� al2 as provi� ir�: .:,,.- , ��
<br /> ` � resid�ncs �rlthia a �sab ` � . ,',�;<_:;:-�L �"'�,
<br /> . . getrenue Code:or �•.;�-3`
<br /> . .
<br /> ::_� • . . . .,. Secti� 143(cy a�d E���6��} o��Cl� �ateatiai � � � �ence d�'�9 � � �`.�, `'°�;.<.; �;`'�;`
<br /> ���s ` . � a�asershiP inter�st 3a a pr3nc1 � . �.
<br /> ;.,,,, . . l�i�: W� has I�ad a � an the d�te ot the sale ��te�'.•� � . - } `_ : . . .
<br /> ;t �,ny Part o! the tlhrce-y�ear � � tHat4 "100 ��' `��` . �};
<br />, , . .pxayided in Secti�an 1�.3(�y a� I�l 121 Q�:��Ia��c�aal Revpsrue Cod�° i�P E �
<br /> L. `'��/;� 4' �r -.
<br /> s ��` � tn ghall bB etl�7fi�3tuted " Cs pE'.L�L'L 01r.a0s�B° 'thB 2�3L't� 2�ppe� 3A �`tt''1,.. `�,�
<br /> ,, . �� !or 9 �� , ',I>':..
<br /> �.t•:.J . _ _ " _ ' . ��� . ��,
<br /> .. `,.',: � section 143Ea7}:�l j: cr ' , .. ..
<br /> thaai 90 perce�9� o� Lt�s aves�a9e . ;; '�::
<br /> ,°���f;<`� (1iS�: �At an a�oqu�siti� oost t�icb is Qcea�`.er . ,
<br /> .'.,�, . ted area resfs�ences�;� all as I..
<br /> � : �a purcha�s price f9'�ater t�an ilo percent �,.targ� .�
<br /> ' ` pz�vided in Sectian.i49(el and I�I�21 of ttse Intes7�a1 R�a Code: o� s . ,.,;:I�. . ;
<br /> F2unil 3ncotne i�a e�ss of tYje applicabl� P���3e of � �
<br /> , (iv) W�e � �9�a Y
<br /> applicable mediar, :aifil� iasca� as pravided ln Seotion 1431P) ar�d (�lI��ZI og the Internal i� ,:.�
<br /> R�su�enue Ootle: or ` �".'``,
<br /> (bI Bosz9ow�sr lails to �t tlse P�Des'tY descrihed ia ttla Secwr�t7► Inet�nt "
<br /> � witi�out pr3or written consent'is� t��er.or its swccessors or sssigaa c�escribed at ttie s" .
<br /> -� . . � be9innin9 0! this Ta�k�pt Financing �3der, cr . . -.t,;;i.t'„ . .' ,
<br /> .�:�.,;;
<br /> � (c)� Earrawer amits ar nei�repres�r��s a fact that is material with resgec�� � , . .�,,ti, .
<br /> � `�:"��j � . . � ; • prwisiolr� ai' Section 143 ot t�e Internal R�tae Cade in an applicatian for � loat� . � :
<br /> . . secut�ed by t2�is SecuritY �t•
<br /> �. ' Refereryces are C� tha Intes�al Revetsue � �a�� ���i��t ; '.�,,;:.::,:`�
<br /> , - � issuance o� borx�s. the proceeds o! which wi 1 ,:..,•.•
<br /> . � �� . arrd are deemed to 9nclw3e tlts impleaaenting regulatione. ,, � �
<br /> i
<br /> aY 9i(i�1IN0 BEGOW. Borttiwer accepte ana agreee to the tesa� aad ps+�s�.:�.�.ons �r► this .
<br /> ' ' Tax-E�tenQt li��anCir� Ricter. n
<br /> , ,��r;n � � ;���� (5FAL1 .
<br /> � CHpD D. WATSON Horrower ,
<br /> . , �,
<br /> � � --� �ll�,;�-�� �� •r���-��;�`y�+�� � .
<br /> HEATHEEi R. L:n'S�N Sors+a�w�er
<br /> acIajowledganent pmvieions] .� •;' .
<br /> (A,dd aaY t�ecess�Y ,i �
<br /> . . :; :, VA MOta'l#F1QE 1lDD�d�IJ� • ,
<br /> -- , a11 or any pa�'t af the property. 3s sold or .
<br /> • ��. so ]ong as the Mortgage��s �+sttss�3r�3nq •
<br /> og
<br /> trat�sferred �sg'Borraw�er without �er'e prior written ca�eent. other than a tr.�sfer by
<br /> � . • . .. 8evise. descent or tYy operation afc la�►. the LenBer maY. at Lersder:s option. declare aIl t�e
<br /> �� st� secu�d by the Mortgaga to Be imneaiate]y due and paYable.
<br /> � �,� , . , , . -- , ISFAL) �
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<br /> �__ .. � --�--_.._-- ._�.... _ Bosrar�s� ..
<br /> �i. �� Oate
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