HomeMy WebLinkAbout0837Provided Al`
reprPSPntatires or a1
rcpreseu.tatives or a,
i~a words and jlgurea
that ij~~i~~rF~b~FIA, her 1.
shall pay unto the said .Mortgagee. h i s
the oertaln promissory note , of which the
a true copy , to wit:
.. ~:
I
acrd shall perform, comply with and abide by each and even) the stipulations,
agreements, c~,nditi.ons and covenants of said promissory note a~ad of this deed,
then. this deed and the estate hereby created shall cease and be null and void.
Alld the said Mortgagor for hersel i and ber heirs,
legal represe~atatives and assigns, hereby cot~enanl s and agree s:
1. To pay all and singular the principal and interest and other sums of money
payable by virtue of said promissory note and this deed, or either, promptly on
the days respectively the same severally come dree.
B. To pay all and singular the taxes, assessments, levies, liabilities, obligations
and encumbrances of every nature on said described property each and every, and
if the same be not promptly paid the Said Morigagee, bi: hef.rs,
legal representatives or assigns may at any tine pay the same uzthout waiving or
a~'ecting the option to foreclose or any right hereunder, and every paynLent so made
shall bear interest from the date thereof at the rate of 6.6x per cent. per annum.
~. To pay all and singular the costs, eh.arges and expenses, including Zawyer's
jeer, reasonably incurred or paid at any time l,y said Mortgagee, b i s
heirs, legal representatives or assigns, because o/ the failure on the part of t):e sai<l
Mortgagor, ber heirs, legal representatives or assigns, to perjor~rt,
comply with and abide by each and even) the stipulations, agreeme~ats, conditions
and covenants of said promissory note and this deed, or either, and crery such
payment shall bear interest from date at the rate of 6.6 per cent. per an~auna.
' 4. To keep the bu ~ ft land insured in a sum not
5 000.00 ll s, company or companies to
less than ~ ~~~ a~~~{e ~~ ~~~
be approved by Said Mortgagees and the policy or policies held by and payable
to said .JI[ortgagee, his heirs, legal representatives or assigns, aiul in
the event any Bum of money .becomes payable under such policy or policies, tl:e
Mortgagee, b i s heirs, legal representatives or assigns, slcall laar~e t)te
option to receive and apply the sdme on account of the indebtedness hereby secured
or to permit the Mortgagor to receive and use it, or any part thereof, for other
purposes, without thereby waiving or impairing any equity lien or right u~uler or
by virtue of this mortgage, and may place and pay for such insurance or any
part thereof without waiving or an'ecting the option to joreclose or any rislat 1tPre-
under, and each and every such payment Shall bear interest j~om date at the rate
of 6.6 per cent. per annum. '
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