HomeMy WebLinkAbout2432 . . . . . _ . _ . . . . . . _ ' ' . . _ . . . . _ . . _ . . . ' . . • t
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- w2~en dus and pspable acaordit~q to larr, bsfor~ anp intes^~st i
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attachea or anp psnaltp i• inourredt ani! iuaofar a~ any tbsreo!
14 0! record the sams shall bs groanptlp sstistied and discharqed
of record and t~e oriqinal official receipt or satisfaction
~ paper shall be placed ~n the hands of MortQaqee ~orthwitht and
in the e~ant thnt anp thsreof is not ao paid, satisfied and
. diacharged, lrbrtqagea map at anp time pay ths sams or anp part
~ thereo~ vithout waiviAq or atfectii'iq anp option, lien, equity
~ or riqht under or by virtue of this ~artqaqe, and the full
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~ an~uunt of each and evarp such -payment ehall bs imaediatelp dus
' a~ papable and shall bear interest fran the 8ate thereof until
- paid at the rate of siY (6) per cent per~annum and together
~ vit?? eucb-interest shall bs secured bp the lien of this uertgags.
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~ 3. ~o place and continuouslp keep on the lauildinge. t~or?
. or hereafter situatS on eaid land itleurance in~tha usual atand-
; . ard policp for~n, in such amount as eaay ba required by Mortqaqee,
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~ aqainat loea or dam~aqe fraa fire, rrindstos~n ana euch othar
! haaarde ae Mortyag~e~map designate, in such companp or eom- ~
. ~ paniee as may be acceptable to lyortgageet and all insnrance ~
~ policies pn anp of eaid b~uildings, anp interest tlserein t~r part
• thsraof, shall contain or be andorsed`xitb the uaual-.atanda~d
nwrtqagee clause in favor of Mortgaqee, and everp such pc~licy
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ahall be promptly dalivered to ang held bp Mcrtqageet and, not
lese thaa ten (10) daps ln advance of ths expiration of each
• policp. to deliver to 1Kortqaqee~a renewal thereof, toqether
with a receipt for papnaent of the prauiumt and there ehall be
: no inaurance placed on anp of aaid buildinqe, any intereat
' therein or part theraof, unleee ia the fona aforeaaidt and in
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~ the event anp eum of moaey becaaea payable under such policp
~ ~ or policiee 1rl~ortQagee shall have tl~e option to receive an~d
. spplp the eaa~e on account of~the indebtednesa secured herebp
in such manner as it map elect, o~ to repair or reatoration,
~ or to permit Mortyaqor to receive and uee it, vithout thereby
` waiving or impairinq anp equitp, lien or riqht under•or by virtue
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