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Home My WebLink About0869 ~ ~ c i ~ and shall duly, promptly an~ fully perform, dascharge, execute, effect, compleLP, ~omply with and abide by each and e~•ery the stipulations, agreements, condttions and covenants of said promisaory note and ot Lhis mor2gage, then this mortgage and the esta[e hereby created shall cease and be null ana void. It is uncierstood that each oi the wordA, "note," "mortgagoY' and "mor[gagee" respecUvely and the pron- ouns referring thereto, whether in the singular or plural anywhare in this mortgage, shall be aingular if one only and shall be plural jointly and severally, i! more than one, and aha11 be masculine, feminine and/or neuter, wher- ever the context so implies or admi[g, And said Mortgagor for himself and his heirs, 1ega1 represente.tives, successors and assigrrs, hereby coven- ants ana agrees to and with ~aid Mortgagee, hia legai repreaentattves, succe.ssors and assigns: 1. To pay all snd aingular the principai and lntereat and the various and aundry suma ot money paysble by vtrtue oi said promis$ory note, and this mortgage, each and every, prompUy on the days respectively the same severally become due. 2. To pay all and slr.gular the taxea, assessments, levies, liabilities, obligations and incumbranceq of every ~ nature and kind noti~r on stud described property, ar:d/or ihat hereaiter may be imposed, auffered, placed, le~7ed or nssessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indeY,ted- ness secured hereby, each and every, when due and payable according to law, before ihey becorne delinquent, and before any intere~t attaches or any penalty is incurred; and in so far gs any thereai ia of record the same shaIl be prompt7y satisfied and discharged of record and the originsl officiAl document (auch as, for i~istance, :ha tax receipt or the satisfaction paper officially endorsed or certified) ahall be placed in the hands of said Mortgagee Kz~hin ten days next after payment; and in the event that any thereof is not so paid, satisfied and discharged, said Mvrtgagee may at any Lime pay the same or any part thereof without wairing or affecting _ ar.y opti~n, lien, eqvity or right under or by ~~irtue of this mortgage, and the full amount of each and every such payrnent ahali be immediately due and ~ayable and sriall bear interest from the date thereof until paid at the rate of ten per eentum per annum and together w~ith such interest shatl be secured by the lien oP thie mortgage. 3. ~ : insurance in the usual standard poilcy torm, !n a sum not less than E.• uch com- pany or cvmp^ nies as may be approved by said Mort~a~ee; and all such insvrance policies y of said build- ings, any interest therein nr part theraof, in the aggre;ate sum atoresaid or in excess eof, shall contain the usunl standard mort~{agee clause making the loss ur.der said policies, each and y, payable to said Mortga- gee as his interes[ may appesr, and each and every such policy shall be ly delivered to and held by sai~ Dlortgagee; snd, not less than ten days in advance oi the exgiration o ch policy, to deliver Lo said l~tortg?gee a renewal thereof, together with a receipt tor the premium of renewnl; and there shall be no such Snsvr- ance ptaced on any ot safd buildfngs, any interegt therein rt Lhereof, 11I1IF39 in the form and with the lose pa~•able as aforesaid; and in the e~•ent any aum ai become~ payabte under such policy or policies said Mort:;agee shai] ha~~e the option to receive and y the same on account ot the indebtedness secured hereby or to nc~rmit said :liortgagor to receive and u or any part thereoi for other purposes without thereby wai~~ing or impairing an}• eyuity, lien or righ er or by tilrtue ot this mortgage; and in the event said Mortgagor sha11 tor ~r~y r?r~son feil to keep th premises ao lnsu°ed, or fai2 to deltver promptly any ot said policies ot ~ insurance to ssid riortga r fail promptly to pay fully any premium therefor, or in any respect fail to per- form, dischar~;e, exe , effect, complete, comply with and abide by thia covenant, or any part hereof, said Mortg- agee may place pay for auch insurance or any part ther@of without waiving ar affecting any option, lien, equity or ' under or by virtue af thia mortgage, and the full arpount ot each and every euch peyment shall be t iatety due and pa}~ab1e and ahall bear interest from the date thereo! until paid at Chs rate of ten pe~ 4. To percnit, commit or eulfer no waste, impairment or deteriorsUOn ot aaid property or any pert tRereot. 6. To pay eU and aingular the cobta, chargea snd expenses, tncluding reaaonable lawye~r feea and coat of ebstracta ot title, incurred or paid at any time by eaid ~iortgagee becauae and/or in the event ot t2te fallure on the part of the said Mortgagor to duly, pramptly and tully pertorm, dfacharge, eitecute, eifect, ^omplete, comply with and sbide b.y each and every the atipulstiona, agreementa, eondiUone and covenanta of aaid promie- eory note, and thle mortgage, any or eiiher, and esld coata, charge~ and expsnsee, each and every, shsil be im- mediately due and psyeble, whether or not there be notice, demand, attnmpt to coL'ect or suit pending; and the Lult amount of each and every s~ach payment ehatl bear interest fmm ths date th~reof uattl peld at the ra?te ot ten per centum per annum; and all eald coeta, chargea and expeaes~ so incurr~d or paid, togother with such in- tenat, ~ha]1 be Aecured by the llnn of thia mortgage. ~ 800K~~0 ~ ~ ~