HomeMy WebLinkAbout1459 i. ~
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l. To pay all and sin~nlar the prlncipal and interest ~?nd other a~una of money psyable
by virtue oi said promiesory note_.. and this deed, or either~ prnmptiy on the d~ys reapectiveZy
the ae~ame aeverally become dne.
8. To pay all ~nd aia~ula?r the tszea, saeeaamente. leviee. liabilitiea. obli~ationa, ~nd
incumbrances of every aature on asid deecribed property. each and every~ and i! the same
be not prnmP~Y Psid the esid ~dortga~ea.~ its ~4~~a~~epresentatives or ueaigns,
msy ~L sny time pay the 8ame withou! wsivin~ or sitectiag the optioa to iorecloae or any rIgbt
hereunder, snd every p~yment so made ahafll bear intereat from the dste thereo~ at the rsta
n} 6~?2 per cent, per annnm.
3. To p~y all and singnlar the coeta, chsrgea and ezpenses. including l~wyer'a iees,
reaeonably incnn~ed or paid at any time by said Mortgagee._._., $uCCes eoa~8 ~pr~~~~
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or aesigne, becanse of the failure on the part of the eaid ~[ortgagor, fts encceseors, legal
repre$entativea or assigns, to periorm, comply with and abide by each and every the atipuls-
tions, agreementa, conditions and coven:?nte of said prnmiacory note_ snd this deed, or
either, wd every 8ncb psymeat ahall bear 3nterest irom date at the rsts ot~lL~per '
cen~ per annam. .
4. To keep tbe bnildinga now or hereaiter on 8aid land insured in a anm aot Iesa than
the unoaid balance of this mortaa4e ~ in a company or companie~
to be approved by aaid Mortgsge~., xnd the policy or policies held by snd payable to aaid
~o~ge~,its ~ucces~~ j~~l representatives or a~sig?na, and in the event
at~y anm oi
money becomes p~?yable_ under sach policy or policiea, the Mortgagee~ts ~LCC~Qo~r~~,
legsl representsti'ves or a8eigas, ahall have the option to receive and apply the ssme on sccount
of the indebtedn~a hereby secnnd or to permit the Mortgagor to receive and nae it or aDy psrt
thereaf for other purpo~es, , withont thereby waiving or impairing any eqaitai. lien or rigbt
under or by virtue oi this mortgsge. and may place snd pay for anch insursnce or aay part
thereof withont waiving or aifecting tLe opt~on to foreclose or any rIght herennder, and eacb
and every eacb payment shall bear interest ltom date at the rate of.~~~.per ceat per anaum.
6. To permit, commit or euiter no wsste, impairment or deterioration of said property
or any part thereot. .
8. To pertorm, comply with, and abide by each and every the atipulationa, agreements,
conditiona and covenants in safd prnmissory aot~y and in thia deed set iorth.
If any of said snma o! money herein referred to be not promptly and fnUy paid
~*hin_thirt~-days nezt after the eame severally become due and payable, or if each and
every the atipnlationa, agreements, conditions and covenants of 8aid prnmisaory not~ and
thia deed, or eitber, sre not fally performed, complied with and abided by, the eaid aggregate ~
anm mentioned in aaid pmmiseory note._. ahall become dae itnd payable forthwith or there- ;
,
' siter at the option o! the Mortgage~, itc succe~~s,legal representativea or assigns. as ~
fully and completely as ii the said aggregats anm of Th~s~d ($20~ 000.00)
' '-~~~at~ were orlginally etipnlsted to be paid on ancb day, snything in s~id
. promiaeao~n 'o~=,' er+ein to the contrary notwithstanding.
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~ ~v,.,Er ~~ITNF.g3 WHEREOF. the aaid party oi the iiret part haa caused these
` "''~'~t Presents to be sigaed in its name by ita Vice
; ~ ~ ,?~0 ~ T `,Z~brate ' Preeiden~, and its corporate seal to be affized. ,
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' _ ~ . j ~t - (~e~1~'~' atteated by i+~ Special ~s~,•~re~ary the dsy
` . ~ . ~ ~ ' ~ and year above wrltten. -
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; ' ~ . sistant Secretaty. ~ -
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~ s~ea,~ ~~~a ae~o~a ~ c~e p~~~ POIIJCIANA BOTTLING jMORKS n~rc . a ~
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t F or! a cvrparation
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~ y Vice Presiden~ ;
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