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1 1. To p~y all and sin~ular the prtnoipal ~uid intsirest and otber sums oi money pa3?~ble. ; ;
by vIrtue oi said pe,omieeory note_ and this deed. or either. promptl~ oa the dsys respecttvely ~ ;
tLe eAme severally become dne. `
~ ~ To pay all euid aingulsr tbe t~zes, aesesamenba, levies. li~?bilitlee, o~li~sttons, und ~
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incumbrancea of every pature on ssid deecrlbed propert~ esch and eve:y~ and fi tLe same
su ssors
be not promptly psid the said Mort~g~ea~..., i t s ~ le~l represenbtivee or asal~ne,
may at say time pay tho eame ~vithout waivinQ or alYectin~ the option to ioreclose or u~y rlght
hereunder, ~nd every p~yment so msde ehall bes?r interest trom the dste thereoi at the rate
: . r~ S i x per cenk per aminm.
8. To p~y all ~nd aingular the coats, charges and ezpenaea. inclndin~ lawyer's ieee~
reaeonably incuned or psid at any time by eaid Mortgagee_.. i t s teg•~ ~p~ntativee
, or aasigna, becs?nee of the iailnre on tbe psrt oi the said Mortgagor~ its ancceseors, legal
~ representatives or assigns, to periorm. comply with and abide by each and every the stipnla-
~ ttons. a8reementa. conditions snd covenant~ of ssid promieeory note_ snd this deed, or
either, and every each p~yment ehall bes~r interest irom date at the r~te oi s i x p~ ~
cent, per annnm. ~
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4. To keep the bnildings now or hereafter on ssid land inanred in a smm ~ot leas thsn
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nollsrs, in a comp~ny~oi compsnies
~ to be approved by ssid Mortgage~, ~ snd the policy or policies held by and payable to eaid =
Morkgage~, ~+eira, Iegsl representativea ar aesigaa, and in the event u~,y anm oi .
~ ~ Ta~ r.~ n ws-r- ;wlst f! f~ Li V ~~~w.~a __~e~~ .
anviavji ivai:l`i~`aw ~'+:yo...v i`a,..:~. o~i..t~ "...r £f= ~isus.::. c:zc •:uro:
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legal ~epreaentativee or seedgna. ehall have the opt3on to receive and apply the same on acconnt
~ ot tha indebtedne~e hereby secnred or to permit the Mortgagor to receive and nse ft or ~ny pu~t
thereoi for other pnrposea, witliont thereby waiving or impairing an3r equily. lien or rigbt '
' nnder or by v~rtae of this mortgage, and map place and pay !or snch inaurance or an,y part
i thereof withont waiving or sifecting tbe option to iorecloee or ~ny rtgbt hereunder~ and each
j ,.suid Bve;y anch payment sh~?11 bear intereat irom date at the rate per cent per Annum.
i ' 6. ~ To'permit, commit or snffer no waate, impairment or deterloration oi ssid praperty
~ ~'~or'any ~art~thereof. .
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: _ 6: 'To pertorm, comply with, snd abide by each snd every the atipulations, agreements, -
conditioas and covens?nt~ in eaid promiasory note_, and in tbia deed set iorth. ~
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7` If , any ot said anme of money herein reterred to be not promptly and inlly ~pdd
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~~;r t h i r t
v a~ys nest atter the same eeverally become dae and psyable, or ii each snd
' every the atipnlations, aSreement~. conditions and covenants o! said promissory note_ and .
this deed, or eitber. are not tally pertormed~ cdtaplied with snd Abided by, tLe eaid aggre~sts
anm mentioned in asid promisaory note~ ahall become dae and payable iorthwith or there-
sucesos,
i after at the option oi the Mortgagee_, ~ t S x~~s, ~ega~ representatives or a~signe, as
' iully and completely aa if the eaid aggregate sum of F o r t v T h ree T hou s an d
doUara were orig3nally atipnlated to be paid on such day, anything in `ssid
' ~~r~ ote- or herein to the contrary notwitbst~?nding.
.t; .~a, • s
- -~i~+ ~p~f' IN WITNE3S WHIItEOF, the ssid PartY oi the ~irat part hss caused theae
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c3~~ o=~: - presenb to be aigned in iM name by its
:,6 (Corporate President~ wd ite corporate aesl to be aifized,
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4~;~~{~ $~j~';~ ( 1) , attested by i+~ Qecretary the day
:r~M~ ~,N~:''+•' .
N~ ~~.f and year above wrltten. •
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S p11en . Spea Secret~ry . .
` . SPEAR ~ LYON GROVES,. INC.
- ,+eealed elivered in tbs preaence e~.
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~ A1 red _ . Ly Predden / ' ~
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s ~ . eo~~ ' 92 r~cE 454 - ~ ~
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