HomeMy WebLinkAbout1217 • . . •
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1. To paa/ oll and a~njular the priaotpo~ and ~ntereit and othar auma of money ~
pa~/able b~ v+trtue of aaid pm~aory note and tl~a daed, or eithar, promp~iy on
the da~/i reipsct~vety the aarrie ieverall~/ oome due. ,
+
' To pa~/ oll and a~n~ular the ta~aa, atieasment~, levtea, l~obiiit,~es, obli(ationi ~
~ and ~oumbranoea o~ ever~/ nature on iaid deaor~bed propertj/ ecwh and avery, and ~
ths ta~ne be not prorriptly pa~d the iotd .~fortja~ee~e, their he~rs,
: le rapreaentatwea or osai~na may at any t~mepa~ tha same without wo~vin
j or
j a eot~n
f the opt~on to foreoloae or any tt jht hereunder, and evary pa~nt ao mode
a l r
a l
i bear ~n t erea t i+
or,a t h e d
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i te t h erao~ a t t
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i d. To pay ol1 and ain~uular the ooati, olearjet and expensea, ~nolud~nj lawyer'a !
;~~et, reosonably iiiourred or paid at any ti~ne by iaid .J~fortjaj~e , their ~ ~
~ he~rs, 18
jol representat~vea or daai~i~s, beoau,te of the ~a~lse.re on the part o~ the said ;
; Xort~a
jot a, the ir heira, le~oi reprei~ntativea or aaai~n.a, to per~orm, ~
; oompt~/ urith anai abide by eaoh and ever~/ the ~#pulat~ona, a~r~ments, Qond~twna ~
; and eovanants o~ aaid prom~aaory note an~ tl~ deed, or e~ther, and every auoh
~ paJ~ment ah,oli bear sntereat jro~n date at the rate o~ six par oent. per annu~n.
~ . To kee the buildin~ now or herea~'ter on'aaid land i~uured in a aum not (
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teaa than ----NOI~------------------ Doila~a, in a co~npany or oorripaniea to
~ be appmUed bb aaid Jlfort~a~ee s, and. the palsay or pol~eiei held by and paHable
~ to said Jlfort~a~ee s, the ir heira, le~ai reprei~ntat~vea or aati~na, and in
~ the ev~nt any surrz of money beeomea paj/abte under auoh po1~y or pol~o~es, the
` JI[ort~a~68a, their heirs, te~ol repreasntativea or osai~i~,a, sholi hav6 the
~ option to reoeive and apptb the aame on aocount o~ the indebtadneaa hereby aecured •
~ or to psrmit the JKort~a~or e to reoeive and ute it, or an~ part thereof, for other
~ purpoaes, zuithout thereby waivin~ or impoi~ln~ anJ/ equ~tJ/ lsen or rijht under or ~
= b~ virtue of this mortga~e, and may plaae and pay for auoh ir~.surance or any
par~ thereol without waivsn~ or ajfeot~nj the opt~on to lortoioae or any right here- (
; under, and eaoh and ever~ aueh paj/ment sh.ali bear interest ~ from date at the rata
; of per cent. per annum. ~
.
6. To permit, eommst or su~'er no waate, im.pairnzent or detertomtion o~ aaid
: propertU or anb part tl~reof. ~
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` 6. To perfor~n, eompty iu~th and abide bb eaoh and every the atipulation:,
` adree~nents, conditio~r~a and eo.vanants iri aaid promiaaory note and in~ thia deed ~
' aet forth. •
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~ 7. If any of said sum,a o1 ~non~ey herein referred to be not pro~rtp~iy and fuliy
; poid within theirty ~8 ne~t af ter the aame aeveroliy beoom.e due and pay- ~
i abl6, or i~ eaoh and every the stspulatwna, ajreem.er+.ta, condit:ona and eovenanta of ;
; aaid pro~niasory note and this deed or either, ar6 not duiy performed, eomplied ~
' ± u~th and abided by, the aaid aj~re~ata sum m,entioned in aaid promiasory no~e ~
' j ahali b~eome due a~ed payabte forthwith or thereaf'ter at the optson of the Jlfort~a~ees, ;
the ir heira, le
fal repreaentatwea or oaai~iia, os ~iCliy and eo~npla~ely !
+
~ .aa if tha aaid a
j~re(ate aum of S D[ TH~OUSAND '
~ ; dollara zvaa ori~inoliy atipulated to be paid on auoh day, a~nythin~ in aaid promiaaory ~
~ ~ note or herein to th.6 contmr~ notwithatandind• .
~ i . _ ~
~ ' ~1 ~1tIIe88 ~~1Ci'EO~ the auid Jliort~ajors , have hereunto aet
~ their hande and aeol e the dab and year ~irat above written.
~ Sign . 3ealed aad Deliveryd.~n Preeence o$ .
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H: s. Moore
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( aloria H. l~c~,ore ~
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