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HomeMy WebLinkAbout0954g~~Rk ~0 F~cr: X78 To Jxry all grid singular the taxes, asseaaments, levies, liabilities, obligations and incunt- brcnt,•,>s of every nature on said described property each and every, and ij the same be riot promptly paid the said 1~lortgugee s - , t!.n it heira, legal representative-s or assigns, may at any time par' the carne taitlaut waiving or a,~'ecting the option to foreclose or any right hereunder, and svery payment so made shall~lie~r interest front the date thereaf at the rate of six per cent. per ann;un. _ . 3. To pay altTrrtd singular the casts, charges and exJ-enses, including law}•er's fees, : easonably incurred or Jwid at any time by said ~1lortgagee s,. *!° ! r- heirs, Legal representatives or as• signs, because of the failure on the part of the aaid Mortgagor, its succes•nr-, legal representatives or assigns, to preform, comply iditlF and ob;rl$ 6y each and every the stiF,uiations, agreements, conditians and covenants of said prornissary rwte Jxt~•rrtent shall bear interest from date at the7aieof and this deed, or either, artd every such six per cent, per annum. 4. To keep the buildinga note or hereafter on said land insured in a sum not leas than . Fout~T!~ousand Five Hundred- - - - - dollars, in a company or companies to be ap- proved 6y said Afortgagee s , and the policy or policies held by and payable to said !Mortgagee s, ±' :e i r heirs, legal representatives or ctssians, and in the event any sum of money becomes ,aayabt'e under such J,olicy or policies, the Mortgagee s, their legal representatives or as- signs shall. have the lion to receive and apply the same art account of the indebtedness hereby secured, or to permit the Mortgagor to receive and ttse it, or any part thereof, for other purposes, without thereby waiving or imparing any equity,. lien or right under or by virtue of this mortgage, and may place and pay for such insurance or any part thereof, u*ithout waiving or a~ecting the option to foreclose or any right hereunder and each and every such payment shall bear interest /rorn date at the rate of s tx per cent. per annum. .5. To commit, permit or suffer no ttxtste, impairment or deterioration of said property or any part thereof. 6. T'o perform, comply with and abide by each and every the stipulations, agreements, condi- lions and covenants in said promissory note and in this deed sit forth. 7. 1f any of said runts of money herein referred to be not promptly artd fully Iwid within ten days next after the same severally become due and payable, or if each and every the stipulations, agreements, conditions and covenants of said promissory note aryl this deed, or either, are not duly performed, complied with and abided by, the said aggregate sum mentigried in said promissor~• note shall become due and payable forthwith or thereafter at the option of the Mortgagee s, t ;eir heirs, legal representatives or assigns, as fully and completely as if the said .zggregc~ `~~-~"~t`=Four Tnousanc? Five-Eittndred dollars originally stipulated to be paid on ~k~t ~Y• ~~g in aaid promissory note or herein to the contrary notwithstanding. - - ~.: - ~ . ,~ - ~~..~tss ~hPt`¢of, the said party of the f irat part has caused these - : . ~ s -~ :'- ~ y-;-'~-- presents to be signed in its name by its President, ', ,~ . ~ , - s ~ICarPvr~t~ -; - and its corporate seal to be affixed attested by its J .' ~' .~'• . , : ` ~'~ " ~ Sec ,' e t a r y the day and ,near aboue written. ,~ • •• --~ •-• Signed, sealed Gnd ~elivered in our presersce ~- 4 - - ~ - - -------- - ----- - ---- - ..... - --- --------------------•------ - --- --- ---- - President. s / ~ ~ •