Loading...
HomeMy WebLinkAbout1738 . , . 1. To pay sll and aina?ulsr tbs prlncipal ~nd intereat snd other suma oi money paqable by virtue of eaid promiaaory note~ and this deed. or either. promptly on the dsys respectivel~ the eame aeverally become dne. 2. To psy all and aingular the ta:ea, aaees~mente, levie~, liabilities, obligat3ons and incum- brances of every natnre on eaid described property, each and every, snd if the asme be not promptly psid the said Mortgagee, ite aucceasora, legat representativea or aeBigna. may at any tima pay the same wlthont wsivin.g or stfectin~ the option to foreclose or any rlght herennder~ and every psyment ao made shall bear intsreat irom the date thereoi at the rate ot t~ per cent per nnnnm. 3. To psy aU and sin~nlar ths costs. chsr~ea and ezpenaes, includin~ tawyer's fees, rea~- sonsbly incurred or paid at any time by asid Mortauugee, ite auccesors, legal repreaentatives or ~esigna, becanee of the iailnre on the put at the asid Mortgagors., ~~+~ir ~+eira, leQal repreeentativee or assigns to pertorm, comply with and abide by escb and every the stipulations, a~reementa, conditiona snd covenanta o~ esid promissory not~. aad this deed, or either, snd every auch payment ehall bear intereat irom dstte at the n?te oi * A*+ per cenk per annnm. 4. To keep the bnildings now or heraatber on aaid land iiosnred in a aum not leae tban $ZGF~ THOUB~?1~ID 38VSN HUrIDRSD & NO/lOQ~ollara, in ~ company or companies to be ap- proved by said Mortgagee, and the policy or policiea held by and payable to asid Mortgagee, ite snccessors, legal representat3vea or assigns, and in the event any anm ot money becom~ pay- abte under such policy or pol~cies, the Mortgagee, its euccesors, legal represeatativea or asai~na ehall have the option to receive and apply the eame on account oi the indebtedneaa heraby ee- cured or to permit the Mortgagor to receive snd nse it or any part thereof for other purpases, wltbont hereby waiving or impairing sny equity, lien or.right nnder or by vfrtne oi tbia mor~ gage, and may place and pay for snch insurance or any part thereoi withont weivIng or a~fecting the option to foreclose or sny rigbt herennder, and each snd every anch payment ahall bear in- terest from date at the rats of tet~-per cen~ per annum. - 6. To permit~ commit or aufier no waate, impsirment or deterion?tion oi said property or any part thereof. i 6. To perform, comply with, and abide by each and every the atiuplationa, agreementa, ~ coaditione and covenenta in a$id promiesory note-, and in tLia deed set torth. If any oi said snms oi money herein reierred to be not pmmptly and fully psid within ~ thirty ~y?g nert after the same aeverally become dne and payable, or ii each and every f ~ the etipnlations, sgreementa, coaditioas snd covenanta ot esid promiaeory note~ and thia deed, j or either, sre not fnlly performed, complied with and abided by, the said aggregate sam men- ~ tioned in said promissory note- ehall become dne and payable forthwith or thereafter at the $ option of the Mortgagee, it~ ancceesor8, legal representativea or sasigns, aa fnlly and com- ~ pletely se if the said a88regate anm oi $IG~ THOUSl~I~ID 88VBN Ht1IIDRSD & NO/100 ~ dollars were originally stipulated to be paid on euch day, anything in said promissory note _ or herein to the contrary notwithstanding. IN WITNESS WHEREOF, the said Mortgagor ~ ~ve hereunto set their handB ~nd aea~_the day and year first above written. ~ Signed, sealed and delivered in the e oi: ~ ~ ~ ~ ~ ~ y J (Seal) . ~ (Seal) . So~15.0 _ 53.7, ~ ~ ~ ~ r ~ -4~~-