HomeMy WebLinkAbout2784 ~rD1I{~1P~ ~illU~l1~,~, that if said Jllort~a~sor shall pay unto the said Jlfort~a~see
t.he certai~ promissorr,/ note, of ivliich tlc~ fullu~c•i~r~ iii wa•ds and flgures ~s c~ tricc copy,
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and ahull perfo~m, co~nplJ witla and abide bJ e~eh ~and euery the stipulations,
cL~!~eem,ents, eonditio~as and coaenacnts of said promi,ssory note and of this deed, then
this deed atnd the estate hereb~ created shall cease and be null `and void. ~
.AZt~1 the sccid .11~fort~ac~or hereby eovenants and c~3srees:
.1. To pay all. ancl sin~ular the principal arul intc~rest ~n-~l nth~r sums vf moneJ
payable by vrrtue ~j saiJ proiniss~rJ itnte cr~arl this ~leecl, ~,r ~i.tli.er, pronz.ptlJ o~r tlae
days tespectivelJ ~the sante ser~erallJ conte dre,e.
Q. To paJ all an.d si~r6ular t)te tua.~s, assessments, lei~iNS, li~ibilities, ~,bli6ations
and eneumbrances oj everJ n~itrcre v~t said descrihed proprrtJ ea~•li a~td euerJ, and
if the same be not promptly paid the sacid ~~ort~a~see maJ at a~a~ time pacy the same
without wctivin~s or acf~'ecting the option to foreclose or anJ ri~ht hereunder, and every
pcayment So mcr,de slutll bear interest from the dctte t/aereof at tlie rate of s ix (6%)
per cent. per c~nnum.
?'o pay ald and sin~ular the costs, cltar6r~c ~n.~l c~.rp~~~rses, i~1c•liulin~ lawJer's
fees, re[~sondbly incwrred or paid act any tirrce by said .iKort~a~ee becau~se of the faiture
on the part of the said .hTort~ct~or to perform, compZJ uith a~ccl. abide by each and
every the stipulations, c~greenaents, condi-tions and covenants of" said prumissort,/ note
acnd thks deed, or either, and every suc~i payment slr,all bear interest fro~n dute at the
rcate of s ix (6%) per eent. per c~nnum. ,
To keep the brtilrlin~s nvrv or laerevfter o~i SQIiI IQ))CI insr~red i~t a sum. n.ot
less than
None Dollars, in a compani~ or com~anies to
be approaed by sdid .Mort~a~ee, and ~he policy or polici,es held by and payable to said
.h~ort~?agee, a.nd in the event any sum of monpy becomes payabt.e tcnder such policy or
poticies, the .hiortgca~ee shall lutve the option to receive and uppty th.e same on ac,count
of the indebtedness hereby secured or to permit the .i3Tort~a~or to receive and ;cse it, or
any pa.rt th.ereof, for otlier purposes, without therebJ waiain~s or impa-iring any equiLy
lien or ri~ht under or bJ virtue of this mortgccge, and may place and paJ for sueh
insuracnce or any part thereof, without waiving or caf~ectin~s th.e option to foreclose or
cany right hereunder, and eaeh and every suck paym.ent shull beQr interest from dctte
o.t the rate of six (6 ~~Aer cent. per annum.
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