HomeMy WebLinkAbout1621 3. To pay all a~ad singcclar the cost~; ~~arges}aru~~e.rpenses, inclicding lQ.w~/er's
fces, reu.soreablJ i~actcrred or pacid at acnJ tim.e bJ suid .hfortgagee bec~tuse of thc faalure
ai the pccrt of the said ,;Vortgc~gur to perfarm, complJ tvith anc~ ccLide by. each and
e~~ery the .stiptclations, conditions and covenar~ts of s~cid pibmissory ieotectnd this deed,
or either, a~ad ever~ such pa~naent shall.bear interest f~bm date cct the rccte of
ten per cent. per annum. .
_ 1~. To kee~r~ the btcilaling now or hereafter on sai~l lanc~l insured in a sum. not less
tlean highest inaurable value in dollacr,s, iia Q compa~:y or cnmpccnies to be
approved by sai.il .;~Iort~a~ee, a~id tl~e Jwlic.J or pulicies h.eld b~ a~i~l patjal,le to said
,htort~ca~ee, and i.~ the eve~tt ctn~ ~r~m of ntoncy beconies payable rcnt~ei• stceli. pulicy or
~volicies, tlce .~Iurtgagee s/call )ea.ve t/~e optioh to recei-ve and d~,J~lJ th~~ .ance ai accoiciit
of tlae in~lebted~aess /~erebJ ~•ec«a•e~l a• to ~~erm.it tlle .~ilurtsasor tu receii~e and r~.se tt, or
any ~rxtrt t/iereof; for oth~er prcr~~oses, withorct N~.erebJ rcarvir~g or in~pai~ri•n~ ~cny equi.ty
li,en or right tcnder or bJ virti~e ~f thi.~ ntorf~a~e, a~rcl maJ place a»d puJ for sttch
insccrance or anJ ~uart tleereof, tvit/iorct waiaii~~ or ~~jj}'ecting tlle option to joreclose or
any ri~ltt Iiereun~er, a~ac~ eaclc and every suc/a ~aJnte?at shall bear in.terest from drate
cct the rate of ten ~ier ce~tt. per annrant. -
5, To ~verrrcit, eomrrtit or suffer no u•aste, impairm,ent or deierioration of said
prnperty or any part thereof.
6. To perform, compty with and abide by eccch a~:d every tlie sitpulations, ac~ree-
ments, condition.s and cove~uants in said promissory note and in this deed set forth.
7. If any of said stc»ts of inoneJ herein referred to be not pronaptly and fictlJ pacid
within thirty c~rJs ~te.vt after the same seueroll.J become dree and payable,
or if eu,ch and everrJ the stipulations, d~6reements, conditions and covenants of said r-'
prorrcissory note and this deed or either, are not dulJ perfor»aed, complied with acnd
a,bidec~ by, the saial a~gregate sum mentionec~ in sa.id promi,ssorrJ note shall become
dcce acnd payoble forthwitlL or thereafter at tlce option of the .~lort~c~~~e as fully ar~d
completely as af the said aggregdte sr~m of FIVE THOUSAND - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - -dotlars was ori~i~aallJ stipt~lat~ed to be paid on sucla day,
anything in said pi~om,i.ssoty- note or herein to tfie contrnrr~ notwithstanding.
8. Th,~ .~fort~a~ee mcty, a,t ctny time zahile m suit is pendin~ to foreclose or to refor»i
t,his mortgage or to enforce any elaims ar~sin~ hereunder, apply to tlce court iuiuing
jurisdiction thereof for the appointment of ct receiver, and such court Rhull forlhwith
mppoint cL receiver of tl~e preinises ccnd all other prn/~erty covered here by, includin~ dll
acnd sin~uutr the incom.e, profits, rents, i,ssues and revenues from whutever source de-
rived, and 8uch recei,ver sh.all have all the brnad dnd effectiue functions anc~ power8 in
o,nywise entrtt~sted by m court to a recPiver and Such appointm ent, shatl be made by srt,ch
` eourt as an adrreitted equify and a mcctter of cibsolute right t~~ said .hfortgdgee, and
without reference to ~he adequacy or ina~c~lequo,cy of the vctt~ie of the property naort-
gec~ed or to the solveney or ansotveney of so,id JKortgagor or the d.efendctnls, aruZ sue/%
incorne, profits, rents, isaues c~red revenues shall be opplie~f by .such receiver according
to the lien of this mort~cc~e ccnd the prcictice of such court.
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~ ~tt ~tfltp$~ ~~p1'pDf, the said .~ort~a~or hereuntv set•s hi~s hand and
seat the dab and year ~lrst above written.
SiRned. Sealed and Delivered in Presence of: ~
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