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HomeMy WebLinkAbout1357 f/~ 58 f^bC 654 " 5T. L~(iE C".'lJh.!. flA, " toc6ther with all and s1n,ular the tenement$, Mrcdltaments and appurt~ tMreunto beloniln, Of In anywll4l appertalnl", tMreto. and all rents. IWJoM, proceeds end profits accruln, and to accrue from said preml_, all of whlch aN Included In'the abova and t'oRfOInc de- scription and habendum. TO HAVE AND TO HOLD the above described and trln'-d premises un!O tM said MORTGACEE. Its IUCCeIIOf'I and aullJllS foteve,. . ' And the ~Id MORTGAGOR for....1~~u~_~~and aulins, Mreby ((MINlnts with the said MORTGAGEE, Its 5tJlX'M- son .nd assl,.,., that..un____'it_is___'_...~__n.__.._~,lawfully "ezed of the said premlM' In fM almple; that the same .re fr.., clMr .nd dJ,- . " its succe~ charied from all lIeOl and encumbrances In law Of ,n equity. and tNiL...... ....ll.__.__.., will and __...__.u___ ,-" shall _rrent and defend the title to the same to the said MORTGAGEE. Its IUCCe$tOfS and .1611"'. forever 'ialOlt the I.wful claims of .1I1*'K'"'; PROYIDED, ALWAYS that If the MORTGAGOR lhall ~y unto the MORTGAGEE the promluory note herelnbefor. delc:rlbed. and shall truly, promptly and fully perform. d1scha...... .>*Ute. compl.te, comply with and .blde by each .nd wery the stipulations, .,reements. conditions .nd c;oyenants of said promluory note and of this Mor-rp,.. then this Mort.a,. and the Estat. hereby created shall CUM .nd be null .nd void. ' IT IS UPIDERSTOOD that the word "Mortp,Of" whether In the slntUlar or'plural anywhere In this MortI..., shall be slnlUlar If one only .nd shall be plural jointly .nd severally If more then one, ancI that lhe word "Their" 1$ used .nywher. In,thls Mort,.,. shall be taken to mean "his." "her," or "Its," where~r the context JO Implies or MImlts. Also. that wherever 'the... 15 a reference In the covenants .nd .greements herein cont.lned to .ny of the partlet l.erato. the same shall be construed to mean 1$ _II II the helr1l. IeCaI r~t.tlves, suc- cessors and .ssigns (either volunt.ry. by act of the ~rtles or Involunt.ry by oper.tlon of the law) of the same .nd thet the coveo.nts herein contained shall bind and the benefits .nd advllnt.... lnur. to the retPectlve helr11. lepl ~tetlves, succestors and aull"' of the parties hereto. And said Mortgagors, for themselves .nd thel, heirs, 1...1 rePf~ltlYes, WCCeslOrs Ind ..sI,OI, hereby jointly .1M sever.lly ~nt and agree to and with the said MORTGAGEE, Its successors and assigns: . I: T;) pay all .nd singular the principal .nd interest .nd the v.rlous Ind sundty sums of money pay.ble by vlrtur. of said promluory note, and this mortgage, each Ind every promptly on the d.ys respectively the same MV8f111y become due. 1. To pey III m Ilncular the teQe, UMSSIl'*lt$, leYIes. llabllltlel, ot:.liptlona ancI IncwnbrllllC* of fN8fY nature and kind now on uid dnc:r1bed property, Of that hereafter rMy be I~. suffered. p1ac<<l, t.Yled. or aIMS1ed thereon or tNt ,--ft.r may be t.Y\ed or ISSe$Ied upon this Morlt.... or the Indebtedness MCYred hereby, eec:h and f!V8ry. when clue .nd pay.ble lICCOrdln, to law, before they be- come delinquent, and before any InteRtt .ttKha Of any penalty Is Incurred: and lnaof.r.. any thereof Is of record the same shall be promptly utisfied .nd discharlled of record .nd the orI,lnal off~1.I document (such IS, 1Of' 100t.nce, the tlX receipt or the Sltisfactlon papet' officially endorsed or certified> shall be placed In the hinds of said MORTGAGEE within ten days next after pII'f"M'"t; .nd In tht- event tNit .ny thereof Is not paid, satisfied .nd dlsehar.ed. said MORTGAGEE may .t .ny tlm. ~y the Slme Of a~ plrt thereof without waiving or .ffeetlnll .ny option, lien, equity, or right under or by virtue of this Mort...., and the full .mount of each Ind every such paymant shall be ImrMd1.tely due .nd payable _,nd sha!l bear Interest from the date thereof until paid at the rate of six ancI JOftenths per centum per .nnum and together with such interest shall be secured by the lien of this mort,.... .tfiree 3. To place .nd continuously keep :>n the buildinp now or hereafter situated on Mid land and on all equipment and personalty cov. ered by this mortgage, with all premiums thereor; ~id In full. fire Insurance In tM usual stand.ird policy form, In . sum approved by the MORTGAGEE. and tornado InSt:rance in the U5UI1 st.ndard p""~ form,ln . sum approy~ by the MORTGAGEE, In such company or companies as the MORTGACEE may direct: and .11 fire Ind tornado Ins.;rance policies on any of said buildlnp, .ny interest therein or part thereof. in the '811regate sum aforesaid o. in .xuss thereof, shall cont.ln the UIUII st.ndud mortpgBe dause or such othe, c1.use .s the Mort.all" may require, makln. the loss under Sllld policies, each Ind fN8fY. payable to said MORTGAGEE ., its Interest may appe.r, and each ,nd every such policy shall be promptly .sslcned .nd delivered to end held Ir( Slid MORTGACEE 15 further security to said mcrtpge debt, .nd, not less than ten (1OJ days In advance of the .xpirarlon of eec:h polley. to deliver to Slid MOKTGAGEE . r_w.i ,he,,,,:,:, iVi;;;:-.<;' ..ith : rece!p! for the premium of such ren_.I; .nd there shill be no fire Of tornado Insur.nce placed on .ny of said buildings. .ny interest the,ein or part thereof. unless in the form .nd with the loss payable IS .for....ld; .nd in the event .ny sum of money becomes payable under such 2M-2-60 . ..... -.: '. -