HomeMy WebLinkAbout0132 l. To pay o~t arid iin
jular the prino~pd and ~ntere~t and other ium~ of rrwney ;
payable by virtue o~ aa~d prom~tiory note : and thfa deed, or either, prorraptiy o»
~ tl~e dayi reipeot~vely the iain.e ievsrail~/ co~ne due. . :
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' a. To pa~/ oll and a~n¢ulur the ta~ce~, oaieaimenti, leviea, l~abii~t~ies, obl~jat~ona ~
~ and snourribranoes o~ evea~/ natura on iaid deaoribed property eaoh and every, and M
the ~ame be not p~omptl~y pa~d the icdd JKor~ja~ea , her h~ri, ,
~ te jal ~sp~esantat~vea or oaai~ may at any t~me pa~ the iame wtthout wo~vtn j or ~
: a~'eot~n
j the opt~on to foreoloae or any rt~ht hereunder, and everj/ pa~nt ao mode ~
; iha~i bear intereat fi+onm tha date the~eo~ at the rate of Six par oent. per annum.
;
~
~ d. To pay di and atn~ular the ooats, oharjea anai expeniea, ~noluaT~n~ lawyer'a ~
! rsea, rewonabt~y ~nourred or pa~ai at aR t.ime by iaid JKort~a
j~ , her - ~
! ~T1, le
jd ~ep~~ae~atat~vei or oiai~na, ~eoau~e of the failwre on th.e part of the aoid ~
:.~I[ort~a
jor , his he~ra, te~oi repre~sntat~vea or aaaidna, to perJor~n, ~
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' eompi~/ w~th and abide by eaah and euerJ/ the ittpulat~on~, a re~manta, eond~t~on.i ~
~ and oovananta of aa~d pmn~aaory note and th~ deed, or ther, and ~uery aueh ~
~ payment iholl bear ~ntereat frorri date at the rata of Six par oent. per annu~n.
, ~
~ To k~p the build~n
j now or herea~iter on aa~d land ~nsureaT in a au~n not
~ teit tha». Dollara, in a co~npan~ or corrLpanies to
f be approveai b~ iatd JKortaa~ee , and tha poiioy or poliaiei hedd by and pa~abte
i to ioid .~Kortja~ee , her he~ra, le~ai repreiantativea or oatidna, and in
' the event any aum, of money beco~nea pa~abte under auoh poliab or polioi~e~s, the
~.~I[ort
ja
jee , he~c heira, te
jai sepreaentatsvea or oiai
jna, sholi have the ~
; option to reaeive and ~Cpply the aa~rae on aoeount of the indebtedneaa hereby ae~ured ,
~ or to per~n~it th6 .lKort ja~or to teoetve and u,ie it, or any part ther~f, for other
~ purpoaea, without thereby woivin~ or fmpairln~ any aquit~ l~en or rd~ht under or !
~ by trirtu.e o~ th~s mortdaje, and may plave and pay ~or auoh inauranos or any
~ part thereo~ w~ithout wo~v~in~ or a~'eo#nj tlie option to ~oreoioaa or any r~~ht he~e-
; unai6r, and eaoh and everd aueh payment shali bear ~ntereit rro~n date at tha rnta
i oj S~ per aent. per annum. .
6. To par~nit, Qomfnit or au~'er no waate, impalr~nent or datartorat~on o~ aa~d ~
; pmpertJ~ OT ~RL~/ ~(iTt tjldTCO~
i '
8. To~~,ps~or~n, compt~ with and ab~ide by eaoh and evary the at~pulat~ona,
a
jreem~nti, conditiona _ und eovanants in aaid prom~aiorr/ note and in. thii deed :
~ iat ~orth. I
~ 7. l~ any o~ icdd iuma o~ nzoney here~n ~e~esred to be not promptl~ and ~luily ,
pa~d u~th~n thirty da~a nert after the aa~ru ieve~all~/ beoome dr~ and pay- I
; able, or if eaeh and evsr~ the atipuiat~on~, a~~eem.~n.ta, oond~t~on~ arzd oovenanta o~
! ioid promiaaory note and thsa deed or esther, are not duib per~oTmed, oorripl~ed ~
~ with and abidcd , the aaid a re ate t~g ' c~ ~ ~
!~ha1i beeoma due ~ payabte~or~h~th~~~~lte~e~~1~
t~
pi~~~~~~a~~ee~, ;
~ her heira, te~ol repreaentat,~vea or ataz
jns, oa ~ull~/ and corrapleteiy ;
~ ~ ai if the aa~d a~greja~e aum o1 (ae ahawn in said pr~sory n~e) ~
E ddiata wa~a ori~lndlb atipuiated to be pa~d on auoh day, anyt n~ in a pmm~taaory ~
` ~ note o~ herein to the contmry notwithatandin
j. . I
~ hereunto aet !
~ Ill W1tIle88 w~1Cl'80 the aaid .~fort~a~or , has
i his hand and aeol t day and ~ear ~lrat above wrltter~. ~
~
$igned, sewled aad Delivered ~n Fresea~x o~ :
~
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~ ~ ,s . _ . :
v~! ~ '
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~ l~ ~ David G. Li t
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