HomeMy WebLinkAbout0558 d. To ali aAd t~jaiar tl~s cata, obar~es and eacpe~eiet, i~cludint~i~a~sr's ~
faei, ~~aao~ i~cu~rnd o~ paid a~i anyt tinie: by scud .~1l.ort~a~ee becaecie~ o t~e fa~iu.re i
on !he pcsrt, of tha satd Jl~tort,~u~or to perform, com~iy wzt~ and aLid~ ~j ~uch and ~
e~er~ the snpulatw~s„ co~d~twna a~d ~ove~axta of aau~ pr~muBOr~ note and this deed, ~
or azther, and every such pay/rnent ihal~ beur i~ntenat fibm da~te at the nacts of six L
per ceat. per anxYwn.
To keep Ehe buildin~a now or herEa~ter on said land inswnd i,n a aurn not le~rt
~hai~ Eieven thow3and five huadred and aoL~~~• a co~npanj/ or co~n~w~nie8 to be
ap~,roved by aaid Jlfor~~a,Qee, arid th.e poltcy or polici~es held by and pa.~/able to aacid
.JEfort~a~ee, and in the avent any suan of »waey becomes ya~able under siccl~ ~,ultcy or
• policiea, tJu Mort~a~ae s/uill have tlie option to raeeive and appl~/ the xume on uccount
of the iredebtednesa herebJ/ Ree:`red or to permit i/u .~fort~a~or t~ nceive a~~d icse it, or
any pa.rt th~ereof, for oth~r pu.rposes, without thereb~ uxciven~ or im~uairing un~/ eqr~.ii~
lien or rs~ht under or by virtue of this inort,~a,~e, a~rd ~iay place ar~d Juu~ ~'or sueh •
insurance or any part thereof, without t~vuivin~ or njt'ectfng the option to jorecloae or
~ a~s,y ri~ht heraun~er, and r,ach and e~iery such ~~nent shnll bP:ar interr.~~ from ~nte
at the nate of six 1Mr cRnt. per annua».. ~
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~ 6. To p~r~nit, comns~t or au~er no u~aata, iinpair~nent or deterion~#ion of sa,id
h propert~j or a~ty pa~rf tluneof. ~
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8. ' To perfor~n, comply urith c~,nd abid,~ b~ each ar~d every the sitpu.lationa, a e-
r»ents, condi~ions. and covencr.Rts i.n said prnmi.ssory note and in thia d~eed aet ~i~th.
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7. If an~ of said surns of neo»,eb leerein r+aferred to be not prnmptlU a~d full~j pa,id ~
. w~thi~. fifteen ~nya ~Mxt after the 8ame severnll~ beeo~ne dr~,e and p~a ablt,
- or if each a~sd ever~ the atipulationa, cc;~iementa, coRdition~t aind covenant8 o~aaid
prnmiasorb note arid tl~is cteed or eith~r, are not duly perfornied. ~o~npjsed with a.nd
abic~ed b~, t1u sau~ ai~~regute sum mer~t~oned in~ 8aid prn~ni8sory note shull become
dua ccnd pa~/able forthurith or thereafter at t,l`e option of the .1Kort~a~ee~ as ful~y and
co~npletedy_as if tlre sai~ a~~re~sate sum of Eleven thousand fiva hundred and no/100--
~ dollurs was ori~ina.lly stipulated to be paid on such ~ay,
anythsn~ in sa,ic~ prnmissor~ note or lierein to the cont~ry notwathstandin~
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In Witneee ~lereo~ TI~e safd .~lort~agor henunto ~s! lki,s hand a~d
xeat the dac~ arsd ~/ear ~rit aboae written. •
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. 3ianed, 3ealed aad II~eltvered in Pr+eseace oF ~
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