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HomeMy WebLinkAbout0534 • ~ ~ ~;f'! - 1 2. To pay al~ and ait~ulu tbs priucipal and Iuterest ar?d othsr sums ot money psyable by vi~tue of soid proaaiasory note ~ ~?~d such turtbes aum ar auau ot moaeY, if W?. as tha said pa rty ot the ~econd put may advaaoe to the psrL_ of the ~ ii»t psrt promptlr on tha days sespeetively tl~a saa~e severstly beca~e du?e. 8 To psy sU and sinsulu t1~e tuea. assessments. tevia. lisbilities. obil~tions ~d encnmbr+u~oeR ot every aature on said deseribed properties. and it ths s~me ba noL Promptly psid the uid psriy oi the socond past, its auec~sora and aasi~as may at ~ny time py? tl?e same without wttving or aifeetin= t he option to ioredass or any riaht bereunder. and every pay- ment ao m~?de shsll besr iatereat from the date hereoi at the rste oi pereent, per annum. 3. To psy sll and d~gular the costs. c6arges ~nd espen s~. it~cluding attorney's fees. reaeonaWy incurred or paid at any tiwe by said party ai the seoond pwrt, ita anceeawrs~ legal representatives or assigns, beca~ae oi the failure on the part of the seeid , pArt.i~_ ot the iirst psrt~ thPir suceess~rs~ legal representativea or aasigns, to perform, eomply witA snd abide by each snd every atipnlation~ sgtcement, condition snd covenant oi said promiasors note and this deed, or either, and every sueh psy t ment shall bear interest iroca dste at the rate of pereenk Mr aanum. ?o permit~ commit, or saiter no wsste, impsiranent or detei:ondon of said property or any part thereei. 6. 1b perforna. oomply with and abide by each and every the stipnlstions, agreemonte, eonditions and oovenanta in ssid pronniasory note and in this deed aet torth. 6. Ii any oi asid sums ~..t money herein referred to be not promptly and fnlly paid arithin 30 dars next after the same sevenily beoome due and payable, or if each and every t6e atipnlations, sgreemenEs, oonditions and oovenants of said prwniasory note and this deed, or either, an not daly pertormed, oomplied with and sbided by, the aaid aggregate sum men- tioned in said promissory note, shaU become due and payable fori6with, a# tiie option of the p~ oi the ~econd part, ita sneceasora, legsl rept+esentativea or assigns, as. fnUy and eompletely as it tbe said aggregste sum ol+100.00 or the sdvancea Iieretofore referrrd to was originally stipnlate~ to be paid on such day, anything in aaid promissory note or notes later to be ezecnted and secnred bereby, or herein, to the eontrary notwithatsndit~g. 4. To keep tl~e-bnildings naw or hesesfter on said lands insured in the sam not less thsn =16.000.00 dollars in a eompany or oompanies ta be appmved by the said p arty of the aecond park ita aueeesaors, legal representativea or aasigns, snd in the event any snm oi money beo~mes payable nnder snch policy or policies, tbe ssid party of the ~eeond part~ its anccessors or assigna. ahall hsve the option to receive and spply the same on acoonnt of the indebtednesa hereby secured or to permit the parties of tbe firat part to receive and uae it, or any part thereof~ for other pnrpoaes~ withont therebq waiv- ing or impairing any eqnity lien or right nnder or by virtne of this mortgsge and may plaee snd pay for snch insurance or , any part thereoi without waiving or sffeeting the option to foreelaee or aay right herennder aad ea~h ~?nd every soeh papment ahall bear interest st the rate ot perceat per annom fmm date. 8, LZ the event it becoines necessary to toreelo~e this mortgage, partiea of the first part agree to the appointment of a receiver~ to ~nserve the renta and proiits aecuring fmm or derired from the above described proprrty. IN Wl7'NE$S WHERF~OP. the aaid ldurtgagor s b have hereunto set t~+p iT hand_s.. and aesi$ the dsy and yesr firat above Rritten. ~ Signed, sealed'and deliveied in ee of: - ~ ~ AL) l ~ C'V' " ; _ ~ AL) ~ ~ . -:s_ ...~3~-r ' . ~A ~i