HomeMy WebLinkAbout2073 . . ~ . . .~i ~t_ f .r..~: • •
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and s~?ll partosao. compl,~ witb and abid~ b~ eacb and ever~ ths stipnl~tion~. a~reement~, coa-
ditioas and covenanb oi aaid promiesor~ nota._ and oi tLL deed. then t,hi~s deed and the eate~ts
hersby created ehall ceaae ~nd ba nnll snd void.
AND tbe asid Mort,~agor..8. for ~~elvea
~d their ~+e~, legsl rspreaenbtlves and aaaigns. hereby ~
~ovensnt snd agree: _ ~
~ 1. To ps~ all sad ainSalsr ths prlncipul ~nd intereat and other auma oi money paysble by
vlrtne o! ssid promie~aory note- and this deed, or either. promptly on the dsya reapect[vel~
the same sevenll~r become due.
~ 2. To psy sll and aingnlar the tazea, sseesements. levles, lisbilities, obli~sttons and incnm- ;
brancea of every natnre on said deacribed property. each snd every, and i! the aame be not
promptly paid the s~id Mortgagee, ita ancceaeors, legal repreaent~tivea or aasigna. may at any -
~ time pay the ssme withont waiving or afiecting the option to iorecloae or any ri8ht bereunder, ~
~ and every payment ao made ahsll bear intereat trom the date thereo! ~t the rste o~ ten
~ per cent per snnum. -
3. To pay sll and ain~nlar ths coate, chsr8es and e:penses, including lawyer'a leea, rea~-
eonably incnrred or psid st any time by said Mortgsgee. ita succeaors, legal representativea or
aesigns, becanae of the failare oa tLs part oi the asid Mortgsgor 8, their ~+eirs, legal
representativea or aeeigns to pariorm, comPlY with and abide by each and every the atipnlal3one.
sgreements, condittons and covenanta of asid promiesory note._ and tl~is deed, or eithet, snd ;
every anch payment eball bear intereat irom dste at the rate o! t~ per cen~ per annnm. ,
4. To keep ths bnUdings now or her~eaiter on ssid land insnred in s sum not lees *ba*+ EIGST
THOUSAND SEVSN HZJNDRED & NO/100--- nollara, in s company or compani~ to be ap-
proved by asid Mortgagee, and the policy or policies held by ~nd payable to esid Mortgagee.
ita encaesaora, legal representativee or aesigne, and in the event any anm of money becomes pay-
`able under anch policy or policiea, the Mortgagee. ita aucceaora, legal repreaentativea or a8si8ns -
shall bave't~e optton to receive and sppty tLe aame on account o! the indebtedneas hereby se-
~cured 'oi ~n~permit tbe Mortgagor~ to receive snd nae it or any part thereof for other purposea,
. arithont bereby wsivina or impai~3ng any eqnity, lien or right ander or by virtue o! tbis mor~
~ -.gage.-and =oay place and pay ior ench inaurance or any part thereoi withont waiving or affecting :
the opt~on to iorecloae or aay rlght hereunder. and each and every anch psyment shall bear in-
, ~ terest irom date at the rate ot t~ per cenk per annnm.
' b. To permik commit or anHer no wsate, impairment or deterioratlon oi asid property or
any part thereof.
' 6. To pertorm, comply with, and sbide by each and every the etinplstlons, agreements,
conditions and covenen~ in asid promiseory note._~ and ~n thie deed det torth.,
It any o! aaid enms ot money herein reierred to be not promptly and ially psid withia
~ays nezt after the esme aeverally become dne snd payable, or if each and ever~
~ the atipulat[ons, agreementa, conditiona and coven~nta oi said promieeory note_ and this deed.
i
or either. are not inlly pertormed, complied with and sbided by, the asid aggregate anm men-
tioned in esid promiesory not~. aball become dne and payable iorthwith or thereufter at tha
optton ot the Mortgagee, ita sncceasora, legal repreaent~tivea or aeaigns, aa inlly and com-
pletely as fi the esid s~~reQate anm~ oi EIGI~ THOUSAND SEVEN HUNDRED AND NO/100
` dollars were orlg~lnslly etlpnlated to be psid on anch dsy. anytbing in said pmmiesory note _ ~
~
f or herein to the contrary notwitbatanding. ~
s •
~ IN ~4ITNr.S,S WHEREOF, the esid Mortgagor S have
~ h~~~ ~t their hA.,(~ 8 And aeal 8 the dsy snd yesr titat sbova wrttten.
Si , sealed snd deli~d ia tha preaence oi:
~ C'U tSeal)
' , ~ ~ JOI~T W.
~"r . ~ ' (geal)
/ c~r~ J. c~ ~i
- e':~~ 111 iAcE26~