Loading...
HomeMy WebLinkAbout2798 ", R, !L.-K 16 PAGt64S - u. togethn with ~Il ~nd singular tm building. ~nd improvements now and m~~ftu tmrtOn. ~nd ~ogctmr ~.11O with ~Il sh~dtS. 8Clftnl ~nd Kretaillg. awninga. plant-. shrubs. and bndtcaPlDg. elnatora. plu~blDg matcnal. gu and clKtrical fixtl~rn and equipment. and all bating. cooling. and lighting fixtures. ,equipment. and/or ~ppu~tus now or mruftu attadwd to or uRCl in connKtion with aid pn!"ws. all o! whICh shall be dftmrd ruhy and conveyrd by this mortgage, and all nnta. issues and profiu whICh may anse ,or be had from any portion or all of aid premises. To "have and to hold tm ame. togetmr with all and singular tm tenements. mre.diuments .and appur- tenances thereunto belonging or in anywia apptrtaining. and tm nvf1'lion ~J?d nvuslons. remalndu or n- maindus, and also all tm estate. right. title. interal. homestf~d. dower and rtg~t of dower. '!parate estate. poSSfssion, claim and dem~nd whatSOfver. as well in bw as in equity, of the said mortgagors In and to the ume, and fVUY part tmrrof. with the appurtenanctS of the said mortgagors in and to the same, and every part and parcel thenof unto the said mortgagft in fft simple, And the said mortgagors, for themselves. dwir heirs. legal rtpr~ntatiVfsand assigns. do he,reby cov!nant with the mortgagtf, its successors and assigns. that said mortgagors are indcfusibly seized of ~Id lands 10 ftf simple: that said mortgagors have full powu and lawful right to convey said la~ds in ftf sImple. as a~ore- s<1id: that it shall be lawful for said mortgagtt. its successors ~nd assigns, at all times puceably and qUlet!y to enter upon. hold. occupy and enjoy said lands; that said lands are free from all encumbrances:. that s~ld mortgagors, their heirs and leg~l represent~tivu will make such further assurances to ~rfect the fee su,:,ple utle to said Iand.s.,,..for said mortgagn, its successors and assigns. as may rusonably be r!qulfed: and the ~Id mort- gagors do hw~by fully warrant the title to said lands and will defend the same agalDst the lawful claims of all persons whomSOfver, ' PROVIDED AL WA YS, that if said mortgagors. their heirs, legal representatives or ass~gns.. shall p~y unto the said mortgagtf. its legal representatives or ~ssigns. the said sum of money mentioned lD said promis- sory note, and herein. and the interest thereon at the times and in the manner spttified. and all other sums or advances hereby secured, and shall perform, comply with and abide by each and evcry the stipulations, agreements. conditions and covenants of said promissory note and of this deed, then this deed and the estate hereby created shall cuse and ~ null and void. And the said mortgagors, for themselves, their heirs, legal representatives and assigns. hereby covenant and agrtt: I. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this dtfd. or either. promptly on the days respectively the same severally become due, 2, To pay all and singular the taxes, assessments. levies. liabilities. obligations and encumbrances of every nature on said described property. and to furnish the mortgagtf witb satisfactory evidence of the pay- ment of the same. The mortgagors' failure to pay said taxes, aSSfssments. levies. liabilities. oblig.1ti~ns and encumbrances. and/or the mortgagors' failure to repay the mortgagee for advances for such payments If made by the mortgagtf. shall give the mortgagn the right and option to drclare the principal balance due together with all advances made pursuant to the terms, provisions and conditions of this mortgagr and th~ note which it secures and the further option to foreclose, 3. To pay all and singular the costs, charges and expenses, including lawyers' fees. reasonably incurred or paid at any time by said mortgagn, its successors or assigns, because of the failure on the part of said mortgagors. their legal representatives or assigns to perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this deed, or either. 4, To kerp the buildin~s now or hereafter on said lands insured against loss by fire, lightning. wind- storm. hurricane or tornado or such other hazards as may be now or huufter required by the mortgagee in such amount as will be satisfactory to said mortgagn in a company or companies to be approved by said mortgager. and the said policy or policies to be approved by said mortgagee. and the said policy or po:icies to be held by and payable to said mortgagff. its successors, legal representativu or assigns; and in the event any sum of money becomes payable under such policy or policies the mortgagtf. its successors. legal repre- sentatives, or assigns, shall hav'e the option to rrceivt and apply the same on account of the indl'btedness hereby SfCurrd or to permit tm mortgagors to receive and use it. or any part thereof for other purposes, with- out thereby waiving or impairing any lien or right under or by virtue of this mortgage; and said mortgagtf may place and pay for such insurance. or any part tm~eof. without waiving or affecting in any manner the option of the mortgagff to forfClOSf this mortgage for failure of the mortgagors to keep said buildings and other property insured as herein provided. and without aft'Kting any other rights of the mortgagff here- under, The mortgagors further covcnant and agrff to keep the personal property located upon said lands insured in an amount and against such risks as shall be satisfactory to the mortgagee, such insurance being subjKt to tm foregoing provisions of this puagraph, Failure of the mortgagors to effect said insurance. or any portion thereof. or to pay tm premiums therefor, or to repay the mortgagee for premiums advanced therdor shall give the mortgager the right and option to dKlare the entire principal balance. together with all interut and advances made thereunder. due and payable with the further option of immediately foreclos- ing this mortgage for the nonpayment thercof, 6, To commit. permit or suffer no waite. impairment, or deterioration of said property or any part thereof, 7. That in the nent of the failure of dw mortgagors to pay all taxes. liens. charges. assessments, lia- bilities. obligations and encumbranctS of every nature on said dncribed property. or to procure and pay the premiums on aid insur'1nce. or to pay dw c<>>u of necessary npairs. or to pay all other C08l1 and elCpensn including lawyers' fffS reasonably incurnd or paid by the mortgagft. all as herrin providrd, tm mortgagff shall have tm right to pay said tues. lirna, wrges. assessments, liabilities. obligation. and encumbrances of every nature on aid described property. and to pay for or procure and pay for said insunnu. or to pay the costs of nKesury repair. or to pay all otmr costa and expenses including lawyers' ffts. and all amounts 10 ex- pendrd by tm mortgagft shall be charJrd henonder at principal money bearing inten.t from date of expendi- ture at tm rate of leven per cent, per annum. payable when the next succftding installmmt of interest henin . t $ 'I: , ~ f: I' ~ ~. ~ ,