HomeMy WebLinkAbout1315 - ;
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I 1. To a all and sin ular the riHCi al and interest and other sums o»ao~e able L
; 1~ 3l 9 P P f y~+y y
~ z•irtuc of said promissory note and this deed, or either, prom~tly oii the days respectively fl~e
~ sa?ne severally come ~ue.
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2. To pay ~ll and singular the taxes, assessme~ts, levies, liabilities, objigatio„s axd e~tcu»i-
Lra~~ces of every nature.on saed described property, each a»d every, and if the same be ~ot _
, ~rom~tly paid the saici Mortgagee, its successors, legai rep~?esentatives or assig~.s, may at any
~ time pay the same urithout waiving or af
fect~xg the optiox to foreclose or a+~y rigkt here~~der,
~ a~:d every paymeiit so niade shall bear i~sterest fro~n the date /hereof at the rate of fi~ per cPni.
i per a~~»t~»e.
j 3. To pay c~ll a»d singular the costs, charges and ezpe~ses, including lawyer's fees, reaso~-
j nbl~ iircurred or paic~ at a~iy linie by said Mortgagee, its successors, legal repreae~ttatives or as- -
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sigus, because of the failure on the part of said Mortgagor , h~s` heira, legal repfese+~tatives
or assig?is, fo perform, com~ly svith a„d abide by each and every the stipulatioxs, agree~te~ts, co~-
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~ .litions a?r~~ cove?eants of said ~rornissory note a~tl thrs~eed, or either, and every sttch pay~nent
' shall bear i?~terest fran~ dafe ai lhe rate of 6`~ i~er ceHt. per a~ent~»i•
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; 4. To k~e~~ 1he. br~il~lings ~ton~ or hereafter on said land ittsure~ ~n a sum ~tot less than '
~ One Thousand Three Hundred Si~cty One attl 40/100-
i --(~1 ~ 361.40) Doll~rs, in a com pany or compa„ies to be upproved by said
j .ltortgagee, an~l the policy or policies beld by a»d payable to said Mortgagee, it~ a~ito~seors, legd
; representatives or assigns, and in !he event any sum of moxey becomes payable uxder sach policy
~ nr policies, the Afortgagee, its successors, legal represe~itatives or assigns, shall 1?uve the optio~t !o
! receit~e and a~ply the same on accou»t of fhe indebtedness Ieereby seceired or to permit tke 3iortga-
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~ gor to receive and use it, or any part thereof, f or othet purpose,s, w-ithout tbereby toaivirig or I
; irapairi~o any equity, lien or right unctet or by virtue of this mortgage, and may ploce and pay for '
stech insurance or any part thereof without waiving or affecting the option to foredose or ariJ
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~ right hereunder, ai~d eac.h and every s~ECh pnyment shall b~ar i~terest from date at the rate of
I ~~er cent. per a:ittunt. ~
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€ 5. To perinit, c.o»~»~it or suf
fer no t~iaste, impairnrPnt or deteriorafion of said property ot any ~
~ ; ~~art therPOf.
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~ fi. To per~orin, co»epiy ~vifl~ and abide by each arid evPry thc~ stipr~lations, agree»tettts, eoncli-
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lioi~s ancl c~ve~~a~~ts in sai~ promissory nofe and in this deed set forth. ~
7. I/ a~~y of said su~ns of morrPyhereen r~ferre~l to be ~int promptly and fi~lly paid withi~i
~ thirt~ays nezt affPr lhe same severally become due and payable, or if each aud every the
stipulations, agreements, conditioi~.s anct covenants of said promissory ~~ote and this deed, or
, c~ither, are ~ot d:~ly perror~ne~l, complied iuith a~i~l abided by, the said aggregate sum mentioned in
~ said pro»iissory note shall beconie due and payable forthwith or thereafte~- at the option of the
~ 1lfortgagec, its successors, leqal reprPSe?~tatives or assig»s, as f~~1lJ an~l completely ~ts if the said
~ n99regate su~n of One Thousand Three Hundred Sixty One and 40/100- - d~ilars
~ ~vas origiiially stipulated to be pai~l o~i si~ch day, a~iything ~~i said rromissory nole or he~ein to
~ fhe confrar:/ not~r.ithstair~Ii~g.
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~ ]In ~ftne~~ ~bereot, tlie ~aid :Nort,9a.9~r h88 herei~nlo set her han~
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~ a?rd seal ihc day a~i~ yPar first above to?•itteti. '
~ ' ~~'!(/ItP1~, sPalPd dnd ~1Plir'Pl'P~~ 211 I~fP, t)PPSPIfCP, Of :
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