HomeMy WebLinkAbout0697 ~1'pp~p~1 ~11~~1~~, tha~t tf 8aid .JKott~a~or sltall pa~/ unto the said JFfort~a~ea .
the certain prnmissory note, of which the follounn~ in words and fl~ccres is a true copy,
to wit:
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State Docwmentary Stamps in the /s/ ALAN S. BR~GINE ~
amaunt of $105 . 00 attached to -
original and canceled. ~
. e ~ C. BROWN$ ~
=ii~a C. ~wM
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y and ahall p8rfo~m, comply with and abide by each and every the stipulations,
cL~'i~eeme~tt,s, conditions cznd covenants of sa,id prorriissory note acnd of this deed, ~hen
this deed aaad the estate hereby created shall cea~se and be riult and void.
~ th,e so,id .1Kort c~ or h,ere cavenants and a ees:
i .f~? ~ ~ ~ . ~ -
.1. To pay idt and sin~ular th~ principal ancl interest and other sum,s of money
I
~ pa~a~le by r~irtue of said ~pro~nissorrJ note and this deed, or either, promptly on the
- daya reapectiuely the same severaily come due. - •
To pay all and sin~ular the taxes, assessments, tevies, liabilities, obligations
and en.cumbrances oj every nature on said described property each and euery, and
if the sam,e be not prnr?zptly pa,iaL the said JKortga~~ee ma.y a.t any tim,e pay the same
without waiving' or ccffectin~ the option to foreclose or any ri~'fit hereunder, ctnd every
pacyrrient ao ma,de shccll bea~r interest from th,e da,te thereof at the rate of five
per cent. per annurra. ~
- To pa~ ~a11 and sin~u~la~ the costs, charge~ arul expenses. including lauryer's
fees, reacsono,bly incurred or paid at any time by sa,id JKort~a~ee because of the fa,iZure
on the part of the said .1lSort~agor to perform, comply uzth and abid.e by each and
every the stipul,cttions, m~`reements, conditions and covenants of said prurriissory note
cLnd th~is deed, or either, and every 8uch paym,ent 8ha,ll bear interest from date at t)ie
rn,te of five _ per cent. per annu~n.
To keep the building noiv or liereafter on said land insiired in a sum not
lessthan
Seventy Thousand and No/ 100ths = Dollars~ in a corra~an,y or companies to
b~ appmved by scaid JKortgac~ee, and the polic~ or policies held by and pdyable to sccid
.~ort$a~ee, and in the event acny sum of morcoy becomes payable under such policy or
policies, the .hfort~ac~ee 8hacll haeve the option to receive and upply the same on account
of the indebtetlness hereby secured or to permit tlr,~ JKort~agor to receive and use it, or
an~/ part thereof, for other purpoaes, without thereby waivan~ or impairin~s ctny equity
lien or right under or b~ virtue of this mort~a~e, and may pla.ce and, pacy for such
ira~urctnce or any part thereof, urithout waciving or mffeetin~ the option to foreclose or
ccn~ ri~ht hereunder, and each and every sueh pa~ym.ent aha,ll bear interest ~frnrri du.te
cct the r+ate of five per cent. per annur?a.
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