HomeMy WebLinkAbout1859 1. To pay als ar?d iinputar tl~ pririeipat arid intersat and other suma of money payabla bil
virtue of auia promisaory ,wts ana thia aaea, or either. prompt~y on tl~ aays ,~eapectively r.ke
aame aevcrally become dt~.
s. To pay aIl and aingula.r the tasaa, aaaesamenta. taviea, tiab~itiea, obliQatio„a. a~d eno~c~n-
brancea oJ every ~a~turs on aaid deacribed property. each and every, and if the aame bs »ot promp~
Zy paid tAe said Mort~apee~. his ti~, lsyai tepreaeritativea or aasi~, rxay at a~qr
time pay the same without waivin~ or alfsati~ tlu option to f
orsdoae or any riDht here~a~der,
and snerfl PaYment ao mcde ahaU bear intereit from tl~s date thereoj at the rnte of ten
ctnt. psr a~aaaN. ~
s. To pay aU and ai~nguiar ths coati, eltaryea and expcnsea, i»eludin~ la~wyer't feaa, reasoM-
abty incurred or paid at any time by aaid D~ort~agea_, his kaira,l~pui rapreaentativa
or aaaigna, beeauas of t~is fa~ure on t11e part o~ the aaid Mortya~or_, her keen, ~Du~
repreaentativet or aaaiQns to perforn~, ~l?~f? +oith and abide by eack and svery the atipuiatioria,
agreementa, eonditiont and covenanta o~ aaid promiasory not~ ond thia deed, or either. und
every such payment al~all bear iratereat from dats at ths rate of~II_ per cent. per ann~a~.
4. To keep the bu~7din~a rio~w or laereajter o» aaid land i~aured in a a~ax not ieas tha~
highest insurable value ~t~mr,; in a company or contpaniea
to be approved by aaid Mortgagee_, and tlae policy or polieiea heJd by wrd payab~s to said Mort-
9a9eey-. his isyal rapreaentativea or aaaiQna, a»d ix t~lY~e avent
any aum of money bteomea payabls urider atick poiicy ot policiea, tl~ Mortyapee-. h; s
~a, le~ral representativea or aaaigna, ahaii lrave the optiori to reaeive a~d
appiy the sama on account of the indebted»eas l~eraby aecured or to permit tha Mortyag~- to
receive and usa it or any part thereof for other purposaa, without ther6by waiviny or i~tpairiny 1
a?ay e~tv. lien or right under or by virtue of this mort~aya, and may plaee w~d PaU for auek
insurance or any part thereo
f toithout waivin~ or aflectixy tlae option to f
oreeToae or any riyht
Aers~u~der, and each and every nuh paymert ahali bear intereat jrom date at W~e rate of ten
~ per cenk per annum.
5. To permit, commit or auffer no waate, impair»~.ent or dsts~riorafiion of said property. or any
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~ paf't thersof.
i 6. To perform, comply with, a~d abide by each and every tl~ atipulationa, aQres»+enta. cori-
~ ditiona and covenanta in said promiasory not~-, and in thia deed aet forth.
If any of said suma of money harein rsjarred to be not prompt~y an~t fuuy ~a +oit~in
~i fte Pn daya next af ter tke same aaveraIIy beeome due and payabie, or if each and ~rery tke
stipulationa, agree~nenta, coreditiona and covana~tta of said promiaaory nota_ a~td this deed, or
either, are not jully performed, complied witk and abided by, tha aaid ayyrayats. au~t. me~~tioned
in said promissory note_ shaA becoma due and payabla forthwith or t)iereafter at the option of
tha Mort9agee-, 's ~e~ra, kgat representativea or uaaig~a, aa fuuy and comptatety ~
_x
aa if the aaid ayyra~ate a~an of F~ tv- _ight H dred ~'iftv ~k---------- dnllnr~ wers
oriQe,~aitv sti~latcd to be ~aid c~n auch day, anything in aaid promisaory note_ or hereen to fhe ~
4: tontrary notwitlaatandin~.
~t
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4 IN tiY1TNESS WHEREOF. tlu aaid Mortgayor-, has a~~_
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~ hand`--a.nd seal-tl~ day and year firat above :oritten.
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~ Sig»ed, a and delivered in preaencs of ua: ~ ~ (Sea~)
~ ~(j~c~ Gail Smith
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~ (Seal)
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~2 0 R ~
~ 142 - : 55
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