HomeMy WebLinkAbout2769 ~rpitt~p~ Mlittttl~g, thact if said Jlfortgag'or shall ~xiy unto the said Jlfortgagee
the certaiR pmmissorrJ note, of' ivhich tlie follorvin,~' in words and ~grcres is a trice copy,
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and shoit perfoim, co~nplJ rvitli crnd abide bJ e~ch and every the stipulations, j
ct~~reements, conditio~as and covenants of sdid promissory note and of this deed, then
! thi,8 deed cand the estate hereby created shall cease and Le null and void.
~
, the said JEfort~c~c~sor hereby covenacnts acnd agrees:
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~ .1. To pay all and sin~ular the principal nrul intere,st «nd other sums vj mo~t.eJ
~ payabte by virtue oj saiV proinissnrJ note ~n,~l this ~leecl, or eith.~r, pr~~niptlJ on tlie
; days re.tpectively the sa~ne severallJ conte dree.
~
~ Q. To paJ all a~td sin6ular t)ce t.ux~s, assessm.ents, levi.es, li~rbili.ti~~s, ublisQtions
; and encumbrances oj evcry natrcre on sui.d cl~scribe~l properlJ ea^h. an.cl everJ, and
if the aczme be not promptly paid tlie sacid .Mort~a~ee may at anJ time pay the same
without wacivin~s or af~ectin~s the option to fo~•eclose or any ri~lat hereunder, and euerrJ _
pcaym,ent so made shall bear interest from tJte date thereof act tlie rate of s ix (6
per cent. per acn~aum.
J. 7'o pay all and sin~ular the cost.s, cTtar6~e an~l c~xp~nses, i.ncltulin~ IawJer's
fees, rea,sonably incurred or pacid at dny time by said .i1l~ort~agee becaicse of the faiture
~ on the part of the said J~ort~a~or to perform, complJ uith. a~r.d abide by each and
~ every t,he stipulations, ct~reements, conditions and coLenants of' said prumzssory note ~
~ and this deed, or either, and every such payment shctll beQr interest frona date at the '
~ rcLte of six (6°~) per cent. per an~aum. - '
- i,
~ ~i. To keep the btcildin6 notv or hereajter on. said la~rcl i~rsnred r~r a sum not z
~ less than None '
~ Dollars, in a compa~ai~ or companies to ;
~ be cipproaed by sccid .Mor~gc~~ee, dnd ~he poliey or potieies held b~ ccnd par~able to said ;
~ .1Kort~m~ee, and in the event any stcm of monPJ becomes payable under such policy or ,
~ poli.cies, tlte .hfort~ct~ee shall have the option t~o receive and apply the same on account ~
~ of the indebtedness hereby secured or to permit the .~lort~a~or to receive and use it, or ~
~ any part thereof, for other prcrposes, withotct tlr,rreby waiving or impairing any equity ~
lien or right under or b~ virtue of this mort~a~e, and nuay place and pay for such
~ insurance or any part thereof, without uaivin~ 'or affecting the option to foreclose or
~ any ri~ht h~rez~nc~er, anc~ ~ach ~nd er~ery sueh paym,ent shall bear interest from date ~
~ at the rate of s ix (6q ) per cent. per a~cnum. ~
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