HomeMy WebLinkAbout1671 i _ _ _ _ - -
Q~id shall perfo~na, co~nplJ tvith and abide bJ e~ch and ez~en,J tlte stipi~lations,
; cc~reenaents, conditio~r.~ and covenacnts of sdi.d promisso~y note and oY" this deed, then
' this deed artd the estate herebJ created shall cea„se and be null and void.
~ ~ ~ri(~ the said .r~fort~a~or hereby covenants c~nd a~rees:
~ .1. To pny all and si~a~ular the principal a~ui int~rest an~l othc~r stcm•s ~~j moner~
~ ar able bi vi.rtue of said pro~nissorJ note and this d.eed, or either, promptl~/ ~~~i tlae
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daJs respectivelJ the sa~ne severallJ co~ne due.
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~ To paJ all and singular the ta.res, assessm.en.ts, levies, tiuliilities, ubli~oat.ions
a~ac~ encrcmbrances oj everJ nature on• sai~l d~scrihed propertJ earJz anrl everJ, and
if the sdme be not promptly paid the said ~~ort~a~ee may at any time pacy the sc~me
, without wuivin~ or affectin~' the op~ion to foreclose or ccny ri~ht hereunder, and everrJ
~ payme~at so ma.de shalt bear interest from the date thereof at tlae rate of six (6)
~ per cent. per cannum.
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~ To pay all and sin~ular the costs, char6ec and. expe.~ases, i.~irlruling IawJer's
~ fees, reaso~ta,hly ineurred or paid at ctny time by sctid .hfortgd~ee beedzcse of the fctilure
k ~n the pa•rt of the said .htortga~or to perform, complJ uzth a~id abide by eacla and
~ every ~lze stipulations, agreenaents, conditions and covenants of said prumisso~y note
~ ' and tlcis deed, or either, and every such pcLyment shcall bear interest frn~rt date at the
rezte of s ix ( 6) per cent. per c~nnum.
` To keep the bui.ldins noTV or h-ereafter on. s~id land insr~red in a st~m not
less than Three Thousand Nine Huiidred Sixty ($3, 960.00)
~ - - - - - - - - - - - - - - - - - - -Dollars, in a compan.rJ or co~npanies to
~ be approued by said .~Tort~ccgee, dnd ~he poli,ey or poli,cies held by and payable to said
.~ort~a~ee, and in the event any sicnt of monPy becomes payable zcnder such policJ or
~ poli,cies, the .~ort~c~gee shall have the option to receive and upply the sa»te on accozcnt
~ of the indebtedness here'vy secured or to permit the .hTort~sd~or to receive and use zt, or
~ any pctrt thereof, for oth,er purposes, urithotct thereby u~ctiving or impccirin~ any eqtaity
li.en or right under or b~ virtue of thi,s mortga~e, and m.cLy place and paJ fnr such
insurance or any part thereof, with.~ut wai~in~ or aj~ecting the option to foreclose or
~ an.y right jiereunder, and eaeh and euery such pa,ym.ent shull bear interest from dute
at the rute of six (6) per cent. per dnnum. _
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~~O PACE
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