HomeMy WebLinkAbout1852 1. To psy ~11 and ain~alar the prlncipal snd interea~t and other sums oi monsy p~yable
by virtne oi eaid prom~ssor9 note_ and ihis deed, or eitber. prnmptl~ on the dsya reapectivel,Y
the same sever~lly become due.
2. To psy sll snd sin~ular the tszes, saseasmenta. levi~, liabQitiee, obligstions~ and
incumbrancea o! every n~?tnre on asid described property, each and every. and ii the asme '
be not prnmPtly Paid the eai~ ~ortas~ee~, ~ his ~+eira. le~l repreeenbtivee or aaBi~ns,
may at any time psy t~e eame without waivin~ or aifect;ng tLe option to foreclose or aRy right
hereunder, and every payment ao msde ahall besr intereat irom the date thenof at ths rate
o! per cent, per annnm.
3. To pay all and e3n8nlsr the costa, cbargee and ezpenaes, incindinQ lawyer'a. ieea,
reasonsbly incurred or paid at any time by ssid Mortgagee._, hi$ ~egal repreaentatives
or ~aeigna, becanse of the iailure on the p~rt of the said Mortgs~or, ibs sncceaaora, legal
representativea or aasi~ns, to periorm, comply with and sbide by each and every the atipnls-
~ tiona, agreements; condittons snd covenanta o! aaid prnmiseory note~ snd th~a deed, or
either. and every anch pnyrnent ahsll besr intereat from date at the rate of 10 p~
cen~ per annum.
4. To keep the bnildinSs now or Lerealter on asid land insured in s aum not less thsn
noUare, in a company or companiea
to be approved by eaid Mortgs~ee-, and the policy or policiea held by and paysble to ssid
~ort~~~ his leg~l repreaentativea or aa~eigns, and in tLe event iny anm o!
money becomea psysble under anch policy or policiea, the Mortga~e~, ~s ~eir~,
legal repreaentatives or assigns, ehsll hsve the option to receive and spply the asme on acconnt
o! the indebtedness hereby aecnred or to permit the Mortg?agor to receive and nse it or sny part
thereoi for other pnrposes„ without the~eby wsiving or impairin~ sny eqni~y. lien or right
nnder or by virtne o! this mortgage. snd msy place and psy for anch insurance or sny part
ther~oi witbont waivin8 or uffectin~ the option to foreclose or sny rigbt herennder, and each
and every ~uch psyment shsll bear interest irom date at the rats ~ 10 per cent p~r annum.
6. ~ To permit, commit or anifer no wsste, impairment or deterloration oi esid property
~'r or sn,y .psrt thereof.
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6. To perlarm, comply witb, snd abide by eacb and every the atipnlations, sgreementa.
~ conditions snd aovenanta in said promiseor~ not~, and in thia deed aet lortb.
7. If aqy of said auma o! money herein referred to be not pmmptly snd inlly paid
wity,;,, 30 daya nest after the eame eeverally become dne and payable, or ii each and
every the atipnlationa, agreeme~, conditiona and covenanta ot aaid promieeory note_ snd
thia deed, or either. are not fnlly pertormed, complied with snd aBided by, the ssid aggregste
snm meationed in said promiseory nat~ shall become dne and paysble iorthwith or there-
aiter st the option o! the Mortgagee_, ~8 ~+efrs, legal repreaentsti~vea or assigna, ss
fally and completely as ii tLe aaid sg~regate anm ef SEVENTY-F'IVE HUNDRED and
No ~AA ollara ~vere orIginally atipuiated to be paid on sacb dsY. anything in esid
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,p ,,~Qt~1,... or herein to the contrary notwitbstandin~.
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n~ ~ :.II~t WITNESg WHEREOF, the aaid party oi the ii~t psrt hsa cansed the8e
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p t;~:' o: prea~nta to be signed in ita nsms by fte
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:'s,~~ r' ~Corporats Preaident, snd ita corporste seal to be sffized,
s ...:~r. ~
''j ~ Seal) stteated by fta ~*~_tary the day
'•:;'~~%~~~a,' 1~, . • and year above wrItten.
Att~it ~ .
~'9-
8 , eeale d de ' red in the preaence oi :
By
Preaideat
soox ~.46 . _ ~
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