The URL can be used to link to this page

Home My WebLink About1025 ~,P; 53 ,.:322 PROVIDED ALWAYS) And these preae-nts are upon these express conditions, t".at) if the said mDrtgagor S certain promissory note , shaTZ pay the soid mDrtgagee ) Df even a datchercwith,signc(?by ~'. T. '.1::11:1('" "\nrl hi~ Hife, :~,1b:' ::':.'.' ',)'allacc amI made payable to' the Drder af the mm.tgageeat Illlf, ?:. ~u'Jl'''.'<lr;:, T:l.'1:'~j.. Fle,ri !:>.; s~li.! neL: b( inJ if I t,~' ; rinciI'al SU"l of Lne Thousand and nc.jl(\D :;c~lars (~l)'\.(.(l), paya']" in ~onth1y in~t0.11r.r~nts of Ten and 89/lOC Cul1nrs (DCJ\9), inc1udinSl i:>~,"r('~t z:.t. Dr r~t" of SI'\W:: ;':'!" c('nt, (7~-; ) , per annul11, payable r:lC'nt~ ly. .>I./ot <.''''c ~,t-. (:l~ / /'/ 1,....:..../.,.~/c' ,; -<-~ (' L .( ,.(.~ (. (_.... '?~. I And until the payment af said note ) and each Df them) or any extensions Dr renewals the-reDf in 10hDle Dr in part) and any Dther indebtedness secured hereby) and the perfDrmance Df aU cOtJe- nants and agreements herein) shan prDmptly pay all taxes cmd assessments Df every kind levied or assessed on the said prDperty (alsO' upon this mortgage and the rnoneys secured hereby to' the extent hm'einafter set forth}) and shan not permit or suffer said property) or any part thereDf, to be sold for non-payment of taxes or assessments) or the said taxe8 or assessments to' become delinquent; and shan keep the buildings and other improvements which are now or may here- after be erected on the premises insured aqaimt an risk by fire in a sum not less than \ rl( T:l(lJS;md 2:l~ !1c/lC1 (::1,000.0C) Dollars, in a good and responsible insurance company, for the benefits of the mortgagee , said insurance comp~ny to be approved by and the policies or any 'renewals thereof to be deposited with the said nwrtgagee ; and in the event Df loss or damage to' the buildings or improvements on said premises, the proceeds of s-uch insurance shan be appl'ied in reduction of UIt6 debt, or in restoring the permises or property) as the mortgagee shan elect; and 8han not commit) permit) or suffer any strip or waste of said premises or prop- erty, and shan pay an the moneys and perform all acts and carry out all promises and agree- ments that are secured hereby) at the time and in the mmmer herein specified) then these presents shall be void, And the said martgagor s do hereby promise) covenant and agree to pay to the said mortgagce ) the said SW7'.S of money and interest as mentioned in and represented by said prDmi.ssary note ,and each of them) or any extensions or renewals thereDf) and secured to be paid as aforcsaid, and also to carry out and perform each and every oiher cOtJenant and agree- ment herein set fDrth, and d.o promise, covenant and agree to pay aU taxes and assessments of every kind and character levied or assessed on 8aid praperty, and every part thereof) before the same becDme delinquent (and also upon this mortgage and the moneys secured hereby to the ex- tent here-inafter set forth}) and not to permit the said prDperty or any part thereDf) to be sold on account Df non-payment o! taxes 01' assessments Df any kind; and to prDmptly pay aU insurame premiu,ms that may become due u,p<m in.Q1trance policies issued upon buildiags or other improve- ments on said premises during the continuance hereof; and to pay all costs) charges aHd ex- penses in collecting the m01leys hereby seCured or in enforcing or protecti,tlg the rights and inte-,'- ests of the said mortgagee herein) or secured hereby, imluding reasonable attorney's fees and cDmmissions, whether collected by foreclosure or otherwise, And the mortgagor s , covenant and agree to pay aij taxes that may be levied or assessed on this mortgage and the moneys seoured hereby) PROVIDED that in no event shall the amount paid on account of such taxes) together with the interest paid on the indebtedness secured by this mortgage) exceed the maximum interest rate allowed by law. It is further cOtJenanted and agreed that) " default shan be made in the payment of said sumB of mmley, or any part thereof) as specified in or represented by said note ) or either af them, or any extension or renewals thereof) or if the interest that may become due thereon) or any part thereof) shaU be behind and unpaid for the space of sixty (60) days) or if default shan be made in the payment of taxes or fJS8e88ments of any kind or character) as hereinabove set forth, insurame premiums) or any 8Ums of money as provided herein) or ij there shan be a breach or violation of) or default in) any 01 the covenants or agreements herein contahwd on the part of the mortgagor s ) then it shan be optional with the mortgagee to consider an unpaid note ) or the principal sum hereby secured and remai,. ~ng unpaid, and accrtred inte~ est thereon) as immediately due and payable, and said mortgagee shan have the right to institute pro- ceedings to enforce the collection of all BUms due hereunder) or to foreclose the lien of this mort- gage by reason of such breach or violation hereof) or defauU h6rein by the mortgagor::.' ~