HomeMy WebLinkAbout1848 ~-~U~~ ~tU~J~, tha,t if aaid Jffort~a~or ahall par~/ unto the said Jlfort~a~ee
~ t~is cerra~~in prbniisaory note, of tahich the followin,( in w~orda a,nd ~l,~ures is a true coP~/,
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and aha11 perfoim, complb with and abide b~ eaoh and every the atipuiationa,
d~reement~s, conditions a~d covemm~ta of sacid prnrrii.s8ory note a,nd of this deed, t~aen
tl~a deP.d a~nd the esta,te hereby crea~ted shall cease and be null cr.nd vord.
the said Mort~cc$or hereb~ covenc~n~s and ag~ees:
~ .1. To pa~ all and sir~ular the prineipol a3~d intere8t and other suma of money
~ payable by virtue of aaid promissory note and this deed, ur either, promptly on the
' days- respectively the sam,e aeueruliy come due. .
To pay oli and singular the tcr.~es, assessm.ents, levies, liabilities, obli~ations
and encumbrnnces of every nature on aaid desc~ibed property each and every, and
if tlie 8a~me be not prn~nPtl~/ Pai~ th,e 8aid Jlfort~d~ee ma~ at a.ny ti~ne pa~y the soane
without za~a,ivin~ or a}~ectin~ the option to foreclose or etn~ ~zght hereund,er, and er~ery
pay~nent so ~na,cle sha,ll bear interest from ti~ da,te t,iieneof act t7ce r~a,te of eight
per cent. per annusn.
7'o pab oli and sin~ular the costs, chargP.s.' and expenses, includin~ lawyer's
fees, reasoruLbl~ incurred or pctid at any time by said JK'ort~agee beca~use of the failure
on the pa,rt of the said JKortga~or to perform, ao~nply with dnd abide by each dnd
every the atipulations, m~h~eements, conditions and eavenant,s of said prurrcasaory note
anaZ tl~ia deed, or eith,er, a,nd every Such pa.yment ~ha,ll bea,~ interest frorrz date at the
mte of eiglit per cent. per ctnnu~n.
To keep the buildin~ now or hereafter on said iand insured in a sum not
~ teas than highest insu=able value
_ , ~ in a company or corripaniea to
be appr~aved by sa,id rlfort~agee, and ~he polic~ or policies held by and pa.yable to sacid
Jlfort~a~ee, and in t~ie event any su~n of ~nonoy becom,es po,~able under aueh policy or
policies, the JKortga~ee 8ha,ll hava the optaon to receine a.nd appl~/ the aa,~ne on o,ccount
of the indebt~edness her~eby secured or to pernLit the Mart~a~or to receive a,nd u,se it, or
~aa~/ Part thereof, for ot~h~er purposes, without t,hereby ura.t~n~ or impairing any e9'u,~1
lien or ri~ht under or by virtue of thia ~nort~a~e, and m,a~ pla,ce and pac~/ for 8ueh
inaux~nce or any pa.rt ther~eof, without uxuv~n~ o~' aj~ectin~ the option to forecloae or
cWy/ ri~1~ h~eurtder, a~d each a»d every auch pa~/~ne~t 8ha.ll bea~ sntere$~ frnrrz d~acte
o,t the rate of eight per cent. per aw~~u~n•
_ ~~;~~~5 ~~~.844
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