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HomeMy WebLinkAbout2350 1. To pay all and sin~ular the principal and intcrest ar~d other auma ot money payrable by virtue of said pmmissory note and auch further sum os eums oi money~ if any. ss the a~id p~rty ot the seoond part msy ud~ance tu the part. ie3 oi the first part promptly on the days reapectavely the esme sevarally becoma dae. 2. To pay all snd singular the tazes. asseasmenls. leviea. liabilities. obligations and encumbrancea oi every natnre on said described properties, snd if ths same be not promptly psid the aaid party oi the second part, ita euoeeaaors ~nd aasi8ns msy at sny time p~y !he sama ~vithout wsiving or dieeting t he option to ioreelwe or sny ri~ht hereunder. snd cvery pay ment ao msde ahall bear intereat imm the date hereoi at the rste of s~ ~ percent, per annam. 3. To pay all snd aingular the eosta, chsrges and e~pen s~. including ettorney's fees~ reasonably incurred or paid at sny time by said party of the seecnd parl, ita anaeaaort, legal representativea or aasigas. because oi the failure on the part oi the said part_iss of We first psrt, thair 8u~m~ legal representativea or assigns. to pertorm, comply with and abide by each snd.every stipnlation. agreement, condition and covensnt oi saId promiseory note snd thia deed, or either, and every anch pay- ment shall bear interest imm date at the nte of giX percenk per annum. 9. To permit~ commit, or suifer no waate, impairment or deteriontion ot aaid pmperty or any psrt ther~ol. b. To perform, oomply with and abide by each snd eve ry the stipnlations, sgree~wnta, oonditiona and covenanta in said prnmissory note and in this deed set iorth. 6. If any ot eaid suma oi money herein referred to be not pramptly and fnlly paid within days nezt after the ~ same severally become dne and payable, or if each and everq the stipnlations, agreementa. eonditions and oovenants of ssid ~ promissory note and this deed, or either. sre not dnly periormed, oomplied wlth and sbided by. the said aggregate anm men- ~ tioned in said pmmiasory note, shall become dne and psyable lorthwith. st the option of tJ~e party of tLe seoond psrt, its ~ suoee.s8ors. legal representatives or aasigns. aa inlly and campletely as ii the ssid aggregate aum oi $26 ~000.00 ~ ~ or the advsnces heretofore reterred to was originally stipulsted to be paid on sach day, snything in said promiseory? note or notea lster to be ezecnted and aecnred hereby~ or herein, to the contrsry notwithstanding. To keep the bn~dings now or hereafter on said land s inaured in the aum not leas than ~.?6 _ OQ dollars in a eompany or compsniea to be appmved by the aatd party of the second psrt, ita anccessors, legal repreaentativea or assigns, and in the event any snm oi money beoomes payable n nder sach policy or policiea, the said party oi the second part~ its anocesaors or assigns, ahali have the option to receive and apply the same on sooonnt oi the indebtedness hereby secured or to petmit the parties oi the firat part to receive and uae it. or any part thereoi~ for other pnrposea, withont thereby waiv- ing or impairing any equity lien or right nnder or by virtne oi thia mortgage and may place and psy ior snch insnrance or ~ any part thereof without waiving or affecting the o~ii~ion to forecloee or sny right hereunder and each and every aneh psyment ; ahsll bear intereat st the rate oi 6 pereeat per snnnm irom da?te. ' ; ~ 8. In the event it beoumes neceasary to foreelose this mo rtgage, psrtiea of the firat part agree to the appointment of a ~ ~ receiver, ta conaerve the renis and profite eeenring irom or derived from the above described pmperty. 'i ~ 1N WlTNESB WHEREOF, the said Mortgagors have hereunto set their ~d s and aea~ S the : dsy and year iirat above written. Signed, sealed and delivered in the presence of: ~G~~ ~~~'~tt~ (SEAL) : ~-r,a. ~ ' '~ifi - ` - ~ ~ / ' C~~~~'~EAL) `.7.c) a~-Q~~v~".- ' ; ~ ~ 156 ~ 547 ~ ~ x ~ f - - - - ~ - 7 . .#.we ~q y~ ..W ~ "a~y,~. - ~ .~.~e v,.- ~ `Sc p = :.y.:~..`.y ~ . ~~~~r . .