HomeMy WebLinkAbout1457 and ahail duly. P~~PW~ ~~Y P~~ora~. discharge, ezecute, effect, oomplete~, comply wltli and abide by eac.h
and every the atipulations. agreea~ents, coadition~ aod covenanta of said promiswry note aad of this mertgag~e.
thea t1W martgage and tbs eatate hereby crested ahall cease aud be nuU and void.
It is understood thst each oi tt~e words, "aote," '~mortgs~o~" ~ad "mortgagee" reapectively sad the pron-
ouns referring therator vvhetber in the singnlar or plural anywhere ia thi~ mortgag~e, sba11 be singular i! one only
and ahall bs plural ioiatiy aad ssveraUw i! more than on0. ~d shall be mescuWie. feminine and/or neuter. whet~
ever the oontext so implies or adn?its. '
Aad said l~Wrtgagor tor hlmeel! utd his hefra. legal representatives. succassors aad assigns, hereby ooven-
ant~ ana agrees W and wlth saW ~[ortgagee, hi~ legal repreaeatatives, auccessoss aad aeaigas:
1. To pay aU anQ singular tLe prlndpal and interest an8 the varlous aad s~mdry sums oi moneY PU~Ie b~
vtrWe o! ~aid promissory aot0. aad tLis mortgage. earh aad evM?. p~P~Y ~~~3~s reapectively the aar~
'°1°~~' b°0pII1° ~ / before they become de3.inquent
'i Z. To psy all and ~ingular tbe P~es. a~easments, IeMes._UabWtles, obIIgations aad incumbrances oi every
nsture and hind naw on aid descdbM property. and/or that henatter may be in?posed. euitered. Placxd. lav3ed
~ or aase~ssed thereupon. and/or that henattet msy be levied or aasesisd upon this mortgage and/or the indebted-
nesa secured hereby, each sad avery, when due and payabls acoording to law, before they beoome delinquent,
aad before any interest attacDes or aay penalty ie incurred: and in so far sa any thereot ia o! reoord the same
ahall be promptly aatis~al and dlacharged of record aad the original offictal document (auch as, for instance.
the tax recdpt or the satisfactioa psper oiHclally andoreed or certified) shaU be placcd in the hands of said
Hortgagee ~vithin Len dsys neit atter payment: aud la We event tMt any thenwf ia not so paid. astisHed and
discharged, said ][ortgagee may st any Ume pay the same or aqy part thereot without waiving or aftecting
any optiDn. llen. equity or right under or by vlrtue of thia mortgsge. and the full amount o! each and every
auch payment shall be tmmedistelq due and payeble and shall bsar interest from the date thereof until paid
at tbe rate of ten per centum per annum and togetf?er with such intereat aball be sec~red by the lien of thi~
mortgage.
3. TO Place and continnously keep on the buildings now os ber~f~er~@St~ 1I13Lirabl ~ wtndstorm _
h1
fnsuranoe in tt~e uaual staudarA pollcy torm, in a sum not less tlfan i_....X 8 in such com-
pany or oompanies ss ma,y be approved by aaid Mortgagee; and all auch insurance poHcies on any of said bWld-
ings, any interest therein orp~t Wereoi. in the aggregate sum aforessid or in exceas thereot. sball contafn the
usual staadsrd mortgagee c~suse making the loas under said pollcies. each and every. paqable to said Mortga-
gee as h1s intereat msy appear. and each and ev~rq such poHep shall be promptly deUvered to aad held Ly said
Mortgagee; snd, not less thaa ten days in advance of the expiraUon ot each poHcy. to deliver to said Mortgagee
a renewal tt~ereof. togethar wlth a'receipt for the premium ot auch re~uvval• and there sha11 be no such inaur-
ance placed oa any of ~afd buildings, any interest therein or part thereof. unless in the lorrn and wrlth the los~ ~
payable aa aforesaid: and 1n the eveat aay sum ot money become~ psyable under auch policy or policies said
Ir[ortgagee ahall bave the optlon to receive md apply the same on accouat oi the lndebtednea~ eecured hereby or
to permtt said Mortgagor to recefve and nee it or any..part thereoi !or other purposes witDout thereby waiving
or impatring aay equity, llen or Mght under or by virtue of tbis mortgage: aad ia the eveat ssid Mortgagor ahall
~ for anq nason faU to keep the said pre.~ni~ea so fn~ured, or fatl to deliver PmmPtly aay oi aaid pollcies o!
insuranoe to eald Mortgages. or fail prompUy to pay fully any ptnrmtum tberefor, or in any respect fall to per-
torin, diacbarge, execute. effect, o~nplete. comply with aad abide by thls covenant, or any part hereof, said Mort6-
agee maq place and psy tor such insuranoe or aay part thereM without waiving or a!lecting sny optfon, lien.
equity or sight under or by virtua of thli mortgage. and tt?e full anoount ot each aad every such psyment ahall
bs lmalediately due and payabls and s!?sil bear lnterest from ths date tt~ereo! unW paid _ at ths rate of ten per
oentum per anawn and together wfth sucb interert ~hall bs kcursd by the llen of tLf~ mortgage.
4. 1b perml~ commlt or safier ao wa~te. impairment o~r dsterbzatl~ a~ said property or any part thereoL
6. Zb pay a11 aad dagttlar th~ cosb, ~6~ ~ eYP~. ~~n8 nasanable lawyer'~ feea and cost o!
abatract~ o! tltle. 1nc~se+ed or paid at aqr tlme by ~aid M~rtg~ges becsv~s andlor fa t2?s ~vent a~ tLe fatlurs
an tbe past ot tt~e ~ald to fi~ly?~ Promptly u?d fu117 Psrlorm. dl~cbar80. ea[ecutq, afieM. completq
oomply with aad abtds bpi e~ a~+ery ths stlpulatl~s. agreemeat~. eonditJon~ aad c~venaab of said promi~-
~ory not0. aaA tbis mortsager aa7 or either. aad said costs. charga~ aad eo~pen~s~, ea~ch aad every. ~hall b~ im-
med?: tely Qus aad payabb. ahetLer or not t2~era bs aotice. deaua4 stterapt to oolbct or autt . and ttis
fill arnouat ot saeh aad ewrp ~neL Pe?7ment sbW beas interest iro~ tM date tbersoi untll at the nte ot
ten pee csatum psr aaaum: aad ail safQ oo~t~. ehaB~ ar?d ~cpeow so lacurred or paf4 topth~r wlth wch in-
tu+est, ~ba1l b~ ~euted by th~ lfen o~ tbfa awrt~a~.
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