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HomeMy WebLinkAbout2766 I ~ i l. To pay olt and aindular the prinoipal and intereit and othar auma of money pa~able bb ~rtue of aaid prorniaaorb note and thsa deed, or either, promptl~/ on the daya reapeotively the aame severally ooma due. ~ t. To pay oll and ain~ular the taxea, aiaeasmenta, l~viea, tiabilitiea, obli~ations and enoumbrnnaes o~ every naturs on aaid desoribed property e~noh anai everJ~, and , the iarrzs be not ~rorroptly pa~d the aaid .hfort ja~6a , her heirs, ~ I le~al repreaentatives or asai~na may at any time pay the aame without waivin~ or ; i a~'eot~n~ the option to forectose or any rijht hereunder, and every payment so made = ahoil bear intereat frorri the date thereo~ at the rnte o~ Six pe.* eent. per annu~n. ~i ' a. To pab att and ain;tular the ~osta, ehar~tea unaT expe~ates, invluding Iawyer'a :i ~sea, reasonably ineurred or paid at an~ time by aaid .7Kort~a~ea , her I hei.rs, te~ol representatiues or o.sai~ns, because of the faiiu~e on the part of the said JI[ort~adora , their heira, le~ol repreaentatives or a8si~ns, to perform, i aomply with and abide by each a~d every the atipulations, a~reements, conditions ~ ~i and covenants of said promissory note and thia dccd, or either, and every such j j payment ahall bear intereat frorrz date at tha rata o1 Six per cent. per annu~n. ~ To keep the buildin~ now or hereaftar on said land inaured in a sum not i teaa than NONS Dotlara, in a corripany or companie.i to j , be approved by said .1Kort~a~ee , and the polivy or policies Tie,'~ b~ and payable ! ~ ;f to aaid JKort~a~ee , her heirs, te~ol repreasntati.vea or oaai~na, and in ~ the euent any sum of ~noney becomes payabte undar such policy or polici~a, the ~ .7Kort~a~ee , her heirs, legai repreaentat~risa or oaai~ta, shail have the ! ~ option to receive and applb the aame on account of the indebtuinesa he~eby aecured ~ ? or to permit the Mortga~or s to receive and uae it, or any part thereof, for other j purpoaea, without therebb waiving or impairin~ anb eqr~itb lien or ri~ht under or ; ' by virtue of this mortga~e, and mab place and pay for auch insurance or any " ~ par~ thereof without waiving or af~'ectin~ the option to ~orectoaa or any ri~ht here- ' ~ ~ under, and each and every such payment shall bear intereat frorra date at tlr.~ rate of S~ per eent. per annu~n. ~i ~ ; 6. To par~nat, eommit or su~'er no woate, irrcpalr~nsnt or dateriorntion of said i ; propertb or anb part tlr~reof. ~ ' ~ i ; 6. To perfor~n, compty with and abide by caoh and evary the atipulationa, a~reem.enta, conditiona and covenanta in aaid pro~nisaory note and in this deed t ` aet forth. - ~ 7. If any of said sums of money herein referred to be not promptly and fully ~ paid within thirty dabs rie.it after the aa~ne aeverolly become due and pay- ~ ; abta, or if each and er~ery the stipulations, a~reerrcenta, conditiona and eovenants of : ~ aaid promisaory note and this deed or either, are not duiy perrormed, corrtplied ~j with and abided by, the said aj~re~ate sum me ~'~e~i ~a ~t'~t 8~ ~ ~q~, ' shall become due and payabte forthwi~h or therea~ter at '~i~optwn o~~Tie .1Kor~~e~/, ; i ~ her heirs, tegol repreaentativea or aasi~na, as f'uily and corroptetely : ; ; aa if the aaid a¢~re~ate aufn of (as shown in said praniseory note) ! ; doldars wos oTiginolly stipulated to be paid on such dab, anythin~ sn said promissory ~ ~ ! note or herein to the contrar~ notwithatandin~. Iri ~ltrieee Whereof, the said Mort~ajor s, ~1 have hereunto aet E hand s and seal sthe da and year ~rat above written. their b i ~ gigned, Sealed and Delivered in Preeence o~ Garlen Enterprises, a partnership t + c ed of Jame S. Garner and : ` ~i Ir g L. n ~ ~ ~ • , r"~` ~ ~ ~ s . Garne= 5 ji ~ ~ ~ ~ ` , ; Irvin . onard LL ' ~ (i ~ ~ ~ ~ ~ ~ ~ ~J_ , ~ ~ ~ - - , ~ ; ~ i ~ ~ ? : ~ ~ ~ ' ~ I 800K ~ j ~ ' ~ ~ ~ . - - - - _ s x~a~"' , ~ ~.a ~ - ~ = r: