HomeMy WebLinkAbout2879 ~ ~ w .
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. 1. To pa~ all and dn,~nlar th~ prlnciyal and interest and other srm~s oi money ps~able
by vfrtne oi wid promieeor~ note,._ ~nd this deed, os either~ promptl~ on the dsys reapactively
the asme eeve~slly bscoms da~.
8. To pay all and dn,~nlsr the tszea, ~eeeesnneats, levies„ liabilitiee, obli~ations. and
incnmbrances a~ every nature on ssid de~rlbed proper~y, ei?ch and every, and i! the ssms
be not Pi'nmDtiY Di?id ~s ~id~o~a~ea--, his t,~, le~sl reprasentntives or asi~as,
m~v :t ano tims ~a~r th~ aamd withont wrsivia~ or atfectin~ the option to iorscloss or ~y ri~ht
herennder, and avery p~1?ment ao made sbsU besr intereat irom the date theraof a~. tJss nte -
at ~eT cent, per annnm. .
8. To pay all snd sin~lar the cos~ cburges and e:penaee, incladin~ lawyer's laes.
reaaonably incurred or ~~d at ~ny tlme by said ~Iortaa~ea.., ._.h'L-.~e~al representative~
or ~se~,~ne, becanse o! tbe iailm~s on the put of the said ~[ortQa~or, fts saccee~ora, leQal
rspreeenta?tivea ox aeai~e, bo yeriarm, eomply Wittt and abide b~ each and sverr,~ the atlpula-
t[on~ s~resmente, conditton~ and covsa~ats of ssid promiawry note~ st~d tLL deed, or
efther. ~nd every aacb pa,T~ment ahall bear interest trom d~te at the r~te at 10 pe*
cent, per annnm. - ~
To keep the baildings now or hereaiter on aaid land inaured in s amm ~ot leaa tbsa
- nollars, in a compan~ or companie~
to be approved by said Mortgu~+ee_, and the poliay or polic3es held by and paysbla to s~?id
llortaa~ee_, his je~tl representatives or asai~ae, and fn the event aay aam a~
mone~ becomes psyable under snch poli~y or poIieiee, the ~ort~a~ea_... hie
le~al rspreaentstives or aesi~ns, aball have the option to recefire and spply the ssme on aeconat
at the indebtedne's hereb~ eeenred or to pe~rmit the Mort~a~or b~ receive and use it o= ~?7 Psrt
t.~ereof tor other pnrpaees„ wlthont th~+aby waivin~ or imPairja~ anY eqnib?. lien or siQht
ander or by vfr~te o!. tbia mort,~sa?e, and may place and pay for anch inanraace or sn,y patt
thereoi wsthout waivjng or af[ecf3n~ the option to lorectoee or any rl~ht hereuader~ and escb
ahd ever~? sacb pa~ment ah~?ll beaar intsrest i~rom date at the rate at 10 per ~eat per an~?um.
. 6. r To permft, commit or sotier no wasts, imps,irment oz deterioration o! asid property
or anY .Dsrt ;t~?ereol.
6. To pertorm, comply writ,h, and abide by each snd every the atipnlstions, agreementa,
coaditiona and covensnts ia a~id promi~ao~? not~., and in tLis deed set iort~.
Z. If any of said anma oi money hersin reien~ed to be not promptly and ~nlly psid
wit~+;n 3~ ~ t~yro nezt after tbe esme sev
erally become dne and payable, or if esch snd
every the stipnlstions, agreeme~, condft~ons and covensnts oi eaid promiseory nots_. and
thia deed, or efther, sre not fnll~ pertormed, complfed'vith and abfded by, the asid ~rs~sb
snm mentioned in esid promi~ory note_ ahaU become dae and paysbte torthwfth or there.
atter at the option oi the Mozt,gagee~, 1LS t+efre, leg~sl repreaenta~ves or assiQns, sa
iully and completely ss if the aaid sg~+e~te anm ot SEVENTY-FIVE HUNDRED and
No ~,AQ,'-,--,~ ollars were orlQinally stipalated to be psid on anch daY. aa~thin~ in ssid
.
A~~ ..,'~4~=.,- ar - herein to the contrary nol~withatandin~ .
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~ ~r`~ , C ,~,r.
~S G• :.II~t WITNffi3 WHE~EOF. the ssid party oi the ifrat psrt hsa caused these
ca : s
' ~ ; = ~ : ~ ' a ' ~ Preaents to be ei.~ned in it~ nsme by ~
; p r~" ~i '
_ t~J y~ : J jCorporat+e Preside~.
'
f aad ita corporste eeal to be aifized,
~ ;
-i: : ~ ~ Sesl) s#,eated by ~ ~ecretary the clay
- b } ; ' ' ~nd year sbove wrltten.
Att~t • ~
. ~Y•
HYDARAN CORPORATION
3 , eesl d de red in tLe presence oi:
By
Presidep~
800K 146 . ~ 50 ~ ~47 -
y -6 v~ ~:..u ~ 3 . - _ . ~r~
'v,r~E'.`",~'~w~..~.Y+r.'~~+'"i.W~:'s?~`9! - . . _ . .
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