HomeMy WebLinkAbout0289 J
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1. To gay all and dnNlar the principal and intax~eat and otl~es sams o! morieq p~yabk by virtue of aaid ps~omissory note
and such tur~her ran? or sunn~r oi mw~ey. ii iu?y. as the ~ai?id ps rtY ai the ~ooAd P~rt mnY ~?dvsaoe !o the pask.~...~ oi the
tiret P~ D~PUY on the days raspeetlv~ly the same seveur*t ly b~coare doa
8. To pq sll arsd ainsul~r tM? tuer~ aMe~neats. levie~~ liabilitia, obii~tions +und eneambra~ces a! every nature on
snid deseriDed properties, and if the asme be t~ P~D~Y ~id the said purt~ oi t~e seeond g?rt, lts sa~cea~aor~ and aa~i~a~
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msy ~t ~ny tin?~e p~?y t~he ra~ne w'itbont a+'sivl~ or ~tiectin~ t M option to fareelo~e or any ri~ht henundrr. and every pay-
. ment so nAUde s}?all bear intere~ irom ttu 'date hei~eoi at the r'at~! ot ~~'1]C---' P~~~ t~r ~t?nnm. '
3. To pay ~11 and singular tbe costs~ chsrgea and ezpen s~, includina attorney's fees, reasonaWy incurred or paid at sny
time by a~id party oi the ~oond part, ib suaenors. 1e~1 rei?r'e~et?tatives os a~aian~? because °i the iwilure on the part o! the ~sid
pariL.._ oi the iirst part, it~ suece~eore, le~al represebtstiva or ~si~ns, to perloren, eoraply voith and abide by each
and ev~ery stipnlation. agrecment, condition and covenant o! aa id pramiaory t~aCe and this detd~ or either~ pnd every saeh pay-
men! ahall bear interest irom date s~t the raLe oi peroent, Pes annam.
4. To permit, oommit, or aniter no rNaste, impsirment or deterior~tion o! said prnperty or aay part thereo~.
5. To perform, e~mply aith uad abide by each snd eve ry the stipnlstiona, ~reem~nts, ovnditions and eovensnts in
said pramissorp note ~uod in this deed set forth.
6. If any ot said sunu oi money herein referred to be not promptly and tnlly p~?id within _3p ~ dAy~ ~e~ct sfter the ,
same severully become dae and payrble, or i! e~?ch snd every the etipuistiotu, sgre~entr~ oonditiona and eovenanta of said
promiseory note and thie deed, or either~ are not dnly pertormed, complied with snd i?bidsd by~ the ssid ~gregAte sum men-
tioned in said promissory note, ahull beoome due wnd psysble f orthwith, at tbe option of the pe~rty oi the seoond parl, ita
aucceasors, legal repre~sntatives or aearigna, aa inlly and completely a+~ ii the ~id srgregate awn o! ~00.00 ,
or the advano~ hentofore reterred to wse originally stipnlqt ed• to be paid on snoh day, anqthing in said promiseory note or
notes lster to be ezecnted :nd secnred bereby~ or herein, to the contrary notwithstanding.
7. To keep the bnildin~s now or hereaiter on ssid la?nds insured in the snm raot leaa th~? ~5•~`~ -
dollsrs in s company or companiea to be approved by the said party o! the aecond part, ib suceessors, legsl representativea or
asaigns, and in the event sny anm o~ xnomy beoomee pey:bla u nder sneh policy or polidea, the said psrty oi the ee~and part,
ite enee~seor~ or aeaigna, ~ha21 have the option to receive and spply the ssme an ~cconnt ot the indebtednea8 bereby secured
or ta permit the partiee oi the first part to receive and use it, or sny part thereof, fnr oLher pnrposes, withoat thareby waiv-
ing or imps?iring sny equitq lien or right under or bq virtue of this mort~sge snd may plaee snd paq for such inaurance or
any part thereot aithont waiving or aifecting the option to foxecloee ar any right herennder and each stnd every anch payment
ahal2 besr interest at the rate o! ~L percent per snnum from d,~te.
S. In the event it becomes necesssry to foreclose >his mortg~ge, partaea oi the first part agre~e to t}?e appointment of a
receir•er, to conserve the reni.a and protit$ securing from or derived from the above deacribed property.
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has cauae~ thege pre~ents to 'ba signed in its n~e ,~1~, ~~,rtp,, -
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Sign , aealed ian~ de ','~'"r_w"dj in the presence of: ~ PACKF~tS P C - -
V • ~ ~ l,, -~-awol~r•'.~~y~~.
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