HomeMy WebLinkAbout2775 ~r~lit~p~1 F1(I11M1J$, that if said .hfort~agor shall pay unto the said .hfortgagee
the certair~ promissory note, of :vlcich the followin.g in words and ~gtcres is a trice cop~,
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' and 8hall perfo~m, co~nplJ rvitla and abide bJ esch a~ad every the s~ipulations, +
ct~'resn~ents, conditi,ons and coaeruants of sctid promissory note and of this deed, then ~
this deed cLnd the estate herebJ created shalt cease and be null and void. :
:
i ,Cltt~ the said .~ort~a~or hereby covencants and a~rees:
~
i .1. ?'o pay alt an~l sin~ular the princLpal an~l i.nterest an.d ~ther sums oj ~noneJ
i payable by virtue oj saiJ pro~nis.rorJ n~te an.d tlris d.eecl ~ or eitlter, proniptlJ on the
~ days seapectively the sa~ne severallJ co~ne clcie. -
~ Q. To paJ ald a~id sin6ular tlae taxes, assessments, leires, li~~iilit.i.es, ~,bli~ations
~ and encumbrances of everJ ~catrcre vn said de.scribed propertJ ear•h a~ul every, and
if tite 8am~e be not promptly paid the said .ATort~c~~ee may at any time pdy the same
witltout waivin~ or af~'ectin~ the option to foreclose or any right hereu~ader, and eaery
payment so made sjiall bear interest from the date thereof at the rate of s ix (6%)
~ per eent. per annum.
~ ?'o pay att and singular the costs, char6n.s a~z~l expe?ises, iircltulin~ IawJer's r
~ fees, reauson.a,bly incurred or paid at any time by sdid .~lTortga~see becduse of the failure ~
~ on the part of the said .1Kort~a~or to perform, comply uith aiad abide by each and
~ every the stipulations, cagreements, conditions and covenants of said promissory note
~ ccnd this deed, or either, and every such payment sluall bear interest fi•om date at the
~ ra.te of s ix (6%) per cent. per annum. - ~
s To keep the buil.ciins notu or hereafter on said land insured in a sunt. n.ot
~ less than None
Dollars, in a companJ or companies to
~ be cipproved by sa,i,a~ Jtsort~a~see, and ~he policy or poticies held by and payable to sc~id
~ .1Kort~a~ee, and in the event c~ny sum of monpJ becomes payctble under sueh potiey or
$ poli,cies, the .iKortg'ca~ee sluLll have the opti,on to receive and apply tlae same on account
x of the indebtedness hereby secured or to permit the .hiort~a~or t~o receive dnd use it, or :
~ any pca~t thereof, for other purposes, without thereby waivin~' or impairin~ any equiLy
~ lien or rig'ht under or bJ virtue of this mortgage, dnd may plcr,ee and pay for sueh
~ in8urance or any part thereof, without uaivin~ or ct~'ectin~ the option to foreclose or ;
~ ctny right hereunder, and each and eaery such pcayment shall beccr interest from date J
~ a,t the rrtte of six (6%) per cent. per annum.
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