HomeMy WebLinkAbout1656 ot said ~ote, a21a11 keep ths proparty described herein inaured
aqainat all riake by fire in a svm equal to the appraised value
t2~ereof in a qood and reapo~nsible inaurance coaigany for the ~
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benefit of the said party of tt~e second part, and shall pay ~
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- all the moneys secured by this nartqage at the time ancl in the
manrrer herein specified= then these presents ehall be void and
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the estate hereby created ehall cease and determine.
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. And the eaid party of the first part, for himaelf ar~d
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his heirs and asaiqna, doee hereby promise, covenant arui agree !
to pay to the said party of the second part, its successora and ~
assiqns, the said sum of money as mentioned in said promissory
note and secured to be paid as aforesaid. And, if default
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shall be made in the payment of t2~e said sum of mcAey, or any ~
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part thereof, aa provided in said promissory ncte, for tbe space f
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of thirty (30) days, then and from thenceforth it shall be
optional with tl~e said party of the second pnrt, its succeseors ~ .
and assigns, to coneider the whole of said principal sum ex- ~
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pressed in said note as immediately due and payable, And the i
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said rt of the firet {
pa Y part hereby further covenants, promiaes
and agrees to and with the eaid party of th~e second~part to
pay all tasoes, aseessments and insurance premiume that may be
imposed upon the property the aubject of this a»rtgage, or the
money secured hereby durinq t}~e continuance hereof, and to pay ;
all costs, charges and expenses in collecting the moneya here-
by aecured, inclwdinq a reasonable attorney's fee arbd commie- .
aions, whether collected by foreclosure or othexwi8e.
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IN WITDIESS W~REOF, the said party of the firet part '
' has hereunto aet hie harxl and seal tbe day and year firat
above written.
. , ~~j
Arnold 8i tham
: . ~o f~ ~52 -
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