HomeMy WebLinkAbout2695 ~rDll~~l'~ ~113UM1J~, th,cat if said .hfortgagor shall pay icnto the said .l~orf,gagee
the certain prontissory note, of whi,ch the following in words and f'i.gccres is a true copy,
to wit:
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and shalt perjo~m, comply with and abide by eseh and ever~ the stipulations,
ctgreement,~, condition.Y and coaenants of sdid promissory note and of thi.s deed, then
this der,;d acnd the estate hereby created shall cease and be null dnd void.
.t~I1~1 the said .~ortga~~or hereby covenacnts and d,grees:
.1. To pay a1l and sin~ular the princzpal arui interest and other sum,s of ~rtoney
payable by rrirtue of said promissorJ nQte and this deed, or either, promptly on the
days respectively the sa~ne severaldy come due.
Q. To pay all and singular the taxes, assessments, levies, liahilities, obligatiorr,~
and encu~rtbrances of every nature on said described property each and every, and
if the Sam.e be not prnrraptly pcLid the sa.id .h~ort~Q~ee m,ay a,t ccny time pacy the sacm,e
zaithout wcr,iving or affectin~' the option to foreclose or any ri~'ht hereunder, and every
pdyment so made shall becar interest from the dcite thereof cr,t the rn~te of eight
per cent. per cznnum.
To pay ul1 and sin~ular the costs, char~ew' a~ul expenses, i~acluding tawyer's
fees, rea,sonctbly incurred or pacid a~ any time hy sdid .~ort~a~ee becacuse of the failure
on the p~xrt of the _said .~Kort~'agor to perform, comply with c~nd abide by each dnd
enery the stipulations, ca~`reernent,g, conditions cand covendnts of said prumissory note
and this deed, or either, and every such pay~nent shvcll bear interest frorra date cit the
r~te of eight per cent. per annu~n.
To keep the building now or hereafter on said land insicred in a~ sum nvt
less than highest inaurable value
Dollars, in a company or companies to
~ be appraved by sczid .h[ort~w~ee, dnd ~he policy or policies held by and payable to sczid
.~ortgct~ee, ccnd in the event any surri of money becomes payable under such policy or
policiea, the .Mortga~ee shall have the option to receive and apply the sam,e on account
of the indebtedness hereby secured or to perrnit the .M'ort~a~or to reeeive cand u,se it, or
ctny part thereof, for other purposes, without thereby wa,iving or irr~po,iring any equity
li,en or ri~ght under or by virtue of this mortgage, ccnd may plaee and pcay: for sueh
insurncnce or any pcirt thereof, without wairnreg or af~'ectin~ the option to foreelose or
c~ny right hereunder, and ea,clt and every sucJ~ paym,ent slutll bear interes~ frnm date
a.t the rcLte of eight per cent. per annum..
. BooKi4~' ~93
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