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� . .1�.. ..' :'� ;'.� ' ,. .: ;� ;�-„ •� ,fi:� ;iI.t71 •-r���,c,'
<br />•'�», ;( � � • • C)1 �; T, `ti C: .�f% C��� IJGJ.E�'C)' � '`i7�.L'.i.
<br />. . � ���,^ - - - C' . . �,. .``r�.F.:.� . r�rT�,,, ,� /;
<br />1) .C.;9J�C ��-,� �� � .t
<br />- _ 't�.
<br />�12� The promissory note referred to in Al�ticle (11) hereof
<br />� sh�11
<br />� provide for the pay�nent of interest at the ra�e of six per cent (�)
<br />...
<br />�' P�r ar�num on a11 of the principal sum that remains from time to time un i
<br />�;
<br />� pa d�
<br />�'''� and sha11 provide for payment of the principal and interest as follows:
<br />�
<br />o� �ro �tundred Fifty Thousand Dollars (y;250, 000.00) rinci
<br />P pal plus
<br />� accrued interes�t to be paid on July 1, 196g.
<br />cr,
<br />Zlro Hundxed Fifty Thousar.d Dollars (,y;250, 000.00) principal plus
<br />accrued interest to be paid on July 1, 1970.
<br />�o Hundred F'ifty Thousand Dollars ((�,250,000.00) principal plus
<br />accrued interes� to be paid on July l, 1971.
<br />'-Ptie s�id note shall further provide that the maker thereof shall
<br />have the �rivile�e of payin� the whole or any part of the remainin rinci
<br />s p pa�
<br />to{;et�ier wz�;� Accrued interest at any time in advance of the maturit�� dates
<br />above specified; provided that no such advance payment of principal exceeding
<br />Oiie Htindi•ed 'l�rent�� Thous�nd Dollars (:�120, 000.00) shall be made bei'ore January
<br />1, l,�u� tiriless sticn advance pa�m�ent of principal constitutes paylr,ent in full
<br />oi sll oi i;ite rer�iniii� principal; and provided, further, that any advanre
<br />?��-�nents of pi•incival shall be arplied to the stipulated annual pa��ments in
<br />tiie itl��erse order of rna �urit��. ihe said note shall further provide tha� in
<br />case oz' de1'atilt tile entire unt�id �alance of principal and interest shall be-
<br />coi„e iti;�edi�;.el�, dt;e ai�d ua��able, �,;ithou,, notice, at ttie option of the owner
<br />of tne no �e .
<br />(1 �) '�'i�e ��ort�a�e ?'E,'1 CZ•.•ed to in r'lrticle (11) hereof stiall be
<br />basic�ll}� iei �he for;:: 'rQ10WI1 �s t:inneso;:a Uniforr; For;.� P;o. ��3 M. It sha11 con-
<br />���I� ���e p�•o�-isions s�;�;,ed in �i1is t�rtiele (13) as follo�s:
<br />(a) i�j• eaci� ;;itt,,• Thousand Dol,.l..ar•s {.;���00�.0�) aa:i�i o�� Lne
<br />::o-•����,�:• '�o appl,� on t�:e p.•ir.cipsl of the ;,�ort�a�e debt the r.;ortga�or, if
<br />���'4 =�: �ei;�::it. :.ere�_�::-;�r, sh�ll i�e �r.�itled to octain fror� the mortga�ee a
<br />_•elea�e .�, ��::�� ac:••� . � �� :e lie�. - .
<br />'^= �-• `• � oi ,.:�e ��ort���e, pro•:f�.ded ;,i�at ;.he first
<br />o.:� �c.•e :r�::- .o .e re.ieasec si�.nll �•e tl�ne2• a trac;. ad�oin�:u� �he �rest line
<br />ol ;,�i- ti'ie•ti .l•,-e-:,:e, ti:e ��es � line of the tract to oe a line garallel Hith the
<br />e�s � i_::e o_ �:.e :�: ,, o� �i�e ;•�.� o= Sect g^ -� .
<br />io:� , :. 24 `; ., :�. 23 �•� ., and ;,ne tract
<br />!.
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