HomeMy WebLinkAbout1864 anc~ shall perfo~na, comply with. and ahide hy e~zch and euery tlae stipulations,
ac~reements, condition.Y and covencants of sccid promissory note and of this deed, then
this deed and the estate hereby crecLted shacll cease and be nutl and void.
1~Ilt~ the said J~Iort~a~or hereby coaenants dnd a~`rees:
.1. To pay all and sin~ular the principal arul interest and other sums oj moneJ ~
pa~able bJ virtue of said promissorJ note and this d.eed, or eitlter, prom.ptlJ on the
days respectiUetJ the same severally conie due.
Q. To paJ all and singular the taxe.s, assessment.s, leviPS, liahilitie.s, nbli6ations
and eneumbranees oj every nature on said cle.seribed J~ropertJ edc~h anrl every, and
if the scLme be not promptly pacid the sa,id .Mort~scc~ee m,ay at any time pay the sa~me
witlwut waiiring or af~ecting' the option to foreclose or any right hereunder, and every
payment so made shall bear interest from the date thereof at th,e rate of 6 3/4
per cent. per annum.
To pay all and sin~ular the costs, CIL(IT~P,e a~ul expenses. i~:.cludin~ lawyer's
~ fees, reccsona,bty i.ncurred or pctid at ccny tim,e by sdid .]lTortga~ee becar~,re of the failure
on the part of the sQid .1lTort~c~~sor to perform, comply with and abule by eack a~ad
every the stipulations, ccgreements, conditions c~nd covenants of' said promissory note
acnd tlais deed, or either, and every such pctyment sh.all bear interest from date at the
rate of 6 3/4 per cent. per annum.
To keep the building now or hereafter on said la~td insrcred in a srcna not
less than Five Thous and ($5, 000. 00) - - - - - - - - - - - - - - - _
- - - - - - - - - - - - - - - - - Dollars, in a company or companies to
be cipproved hy said .1Kortgccgee, r,zrid ~he policy or policies held by and payable to said
.~ortga~ee, ccnd in the event c~ny sum of mon~y becomes payable under sueja policy or
policies, the .1Kort~YL~ee shall have the option to receive dnd c~pply the sa~ne on account
of the indebtedness hereby secured or to permit the ..~Sort~a~or to receive and use it, or
c~ny part thereof, for other purposes, without thereby waiaing or impairzng any equity
tien or right under or by virtue of this m.ort~'a~e, ccnd may pla.ce and pay for such
insurance or cLny pcart thereof, unthout wa.ivin~ or affecting the option to foreclose or
any right Tiereunder, and ectch and every such payment shald bear interest frorrz date
ett the rcite of 6 3/4 per cent. per annurro.
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