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HomeMy WebLinkAbout1885 r . ~ ~ ..M'. ~.!~^7 ea r rw• ~.,....y- . a?.• ~ s+ , . s.:.:. , 1_ . . . _ ~~M~~ ¦~~A: ti ...r~...,.,...__ . a . . R • r \ . ~ , And e81d MOx~gag0~'e, i~at diem9GlYeB atld the~r h6iT8~ 1eg81 ~ repree~ntativ~ee, euc~oeeec?re aad asaf~gns, hereYy jointiy and eev~eraliy ~ ~ oovenant and agtee tio and with the eaid Ma~tga~, ite succeeeare and as z ' ~ • 1, To pay all and eingular t3~e p~iticipal a~nd in~erest arrd the ~ g , . varivue and eundry sums of maaaeY PaYable by virtue o~ eaiud promiseory note ~ ~ and thi,~ mortg~g~e, each and ev~ery~ Promptly on dYe day~ respectiv~ely tt~ ~ ; ~ ~ same severallY becoming due • ; . ~ 2. To pay all and aingulsr the rent, taxes, assessTnents, . ~ levies, li~bilicies, ob~igati~ons and i~tcumb~anoes of ev~ery na~ure and kind provided oo be paid by the Mortgag~ra in a~l by t3~e eaid inaenwre of ~.ease, ; eac,~ and every, when due and payable according tio ~e pro~visf~ona o~ $aid . : ~ indenture a~ Lease, befoxe they become delinquent, and before a~y inuerest ~ . attacbes or any penalty ie incurxed and in the event t~at any t~ereaf is not ' ~ pa~d, eatisfied and discnarged, said MorCgagee may ~t any time pay the same ; ~ ar any part ti~reof wid~wut waiving or ~ffecting any aptio~n, lien, equity, or . right under or by virtue of this Mortgage, and the full amount of each and ~ e~ery such payment shall be immediaoely due and payable and shall bear ~ . ~ intierest irom Lhe date th~reof until paid at the rate of six per ceatum per ' ~ annum and together w~th such interest shall be secured by the lien a~ this M~s~• - . . ~ 3. To place and cAntinu~usly beep on the bu3ldu~ga naw oar ~ hereaft~r situatied on said land and on all equipmeat and pereonally oavered ~ by ~is mortgaS~e. wirn al1 premiums thereon pa~d in fu~l, fire in~aurance in ~ t~e. usual standard policy form, in a surn approved by me Moartgagee,. aad toxnacio iaeurance in the uaual stands~rd poli~y ~orm, in a sum appmved by ~ the MortgaS~ee, in sucb aompany or aampsnies as me Mortgagee may direc~ ~ and all fire and tornacb insurance policies oa ahy of ~sid building~, any int~er+eat tt~erein ar'part thereof, in the aggrega.tie eum v~ ~foresaid or in ex- cess thereof, shall contain the. usual ~tandard mortgagce clause or sucti orher clauae as the Martgag~ee may require, making the lasa wnder sa~d : policies, each and everY, PaY~e to $aid Mox tgagee as its intierest may appear and as die prov~ssions of said indenture of L.ease ma~r permit and , each and every sucti policy sha11 be promptly as~ig~ed an~d c~elivered oo and held by said Mortgagee as further aecuri.ty to said ~xiortgage derit, and not lessc than ten (10) days in advance of t3~e expiration af each golicy, to . ~"de~iver to sa~d ~Viortgagee, a renewai thereo#, t~etfier with a receipt for tr~e premium of auch renewal; ~nd in the event any sum af money becomes . ; 1- paya}~e under such policy or policies, said Mortgagee shall have all the ~ crights, privileges and claim to sucti sume ot money as st?all be grAntied to the Mortgagee by the provis3Qns af said in~ienture of Lease, and to the excluaion of any claim af ~e Mortgagors thereto; and id the event said ~ Mortg~gors shall for any reason fail w l~ ep the said premise~ so inaurec~, or fa.i~ to delfver promptly ~ny of said poli.cies of insurance to saitl Mortga s or fa~l promptly to pay full any premium therefor, or in any respe~ct to perform, dischsrge, execute, effect, compleoe, comply with a.~d abide by tni~ covenant, or any part hereof, said Mox~t,g$gee may plaae and pay auch insurance or any part thereof wft~aout waiving or affect~iqg any optiQnj lien, ' ~ equity, ar right unc~er or by virtue of this Mortgage, and the full amount of ~ each and every sucn payment eha11 be immediately due ~ci payable and shali bear intrerest from the datie thereo~f unt31 paid, at me rat~ of eix per ~ ~ cent per aruwm, and tog~eth~x with such int~re~t eh~ll be ~ecured hy the ~ lien of tfiis t~ortgag+e. ~ ~ ~ ~ ~ • ' ~ ~ ~ ~ ; ~ 3 _ , . . l~I~h i 3rN~, JM1or~ I1t t~w, Yua ~h. riorirJ~ . , . • .