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HomeMy WebLinkAbout2024 _ . together with all and singular the tenemertts, hereditaments and appurtenances thereu~to belonging or in anywise appertaining thereto. and sil rcnts, issues. proceeds and profits accruing and to acuue from said premises, all of whith are included in the above and foregoing de- scription and habend~mn. TO HAVE M1D T4 HOLD the above desuibed and granted premises unto the said MOR7GAGEE. its suaessors snd sssigns forever. Md the said MORTGAGOR for_~1e?~__heirs, execurors, a~ninistrators and assigns, hereby cover?ants with the said MORTGAGEE, its succes- sors and assigns, tr~t they__are_____.__ _,,Wf,,,y se~Zed of the said premises in fte simple; tFwt the same are f?ee, clear and dis- charged f.nm all liens and encumbrantes in law or in equiry, and that --~lE:3l----- will and __._~1~1I'---- heirs shatl warrant and defend the title to the same to the said MORTGAGEE, its waessors and assigns, fwever against the lawful claims and demarxls of all persons; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unw the MORTGAGEE the promissory note hereinbefore destribed, and shall truly~ promptly and fully perfomn, discharge. execute, complete, comply with and abide by eath and every the stipulations~ ag~eements, conditions and cavenants of said promissory note and of thls Mortgage, then this Mortgage and the Estate hereby created shall tease and be nul! and void IT IS UNDERSTOOD that the word "Mortgagor" whether in the singular or plurat anywhere in this Mortgage, sha11 be singular if one onty and shall be plurat jointfy and severally if more than one, and that the word "Their" as used anywhere in this Mortgage shall be taken tQ mean "his,~~ "her~" or "its," wherever the tontext so implies or ddmits. Also, that wherever there is a referente in the covenantt and agreements herein tontained to a~y of the parties hereto, the same shalt be oonstrued to mean as wel! as the heirs, legal representatives, wc- tesso~s and assigns (either votuntary by act of the parties or involuntary by operation of the law) of the same and that the tovenants herein contained shall bind and fhe benefiTs and advantages inure to the respective heirs, legal representatives, successors and assigns of the parties hereto_ And said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jantly and severally covenant and agree to and with the said MORTGAGEE, its wccessors and assigns: 1. To pay all and singular the principa! and interest and the various and wndry wrtu of rtwney payable by virtue of said promissory ~ote, and this mortgage, each and every promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, liabifities, ob(igations and incwnbra~ces ot every nature and ~nd now o?t said destribed property, or that hereafte~ may be imposed, wffered, placed, levied, or assessed thereon or that hereafter may be levied or assessed upon this Mortgage, or the indebtedness secured hereby, each and every, when due and payable according to law, before they be- come delinquent, and before any interest attathes or any penalty is incurred; and insofar as any thereot is of retord the same shall be prort~ptly satisfied and discharged of record and the original official docume~t (wch as, for insta~te~ the tax receipt or the satisfaction paper officially endo?sed or certified) shall be placed in the hands of said MORTGACEE within ten days ne~ct after payment; and in the event that any thereof is not paid, satisfied and discharged, said MORTGAGEE may at any time pay the same or any part thereof without waiving or affetting any option, lien, equity, or right unde~ or by virtue of this Mo?tgage, and the full amount of each and every suth payment shall be imrt?ediately due and payable and shall bear interest from the date thereof untit paid at the rate of six and ~L~Ctenths per terttum per annum and together with such interest shall be secured by tFwe lien of this mortgage. n~Q 3. To plate and continuously keep on thQ buildings ~ow or hereafter situated on said land and on all equipment and persona(ry cov- ered by this mortgage, with all premiums ti~ereon paid in futl, fire inwrance in the uwal standard poliq form, in a wm approved by the MORTGAGEE, and tomado inwrance in the usual standard poliq form,in a wm approved by the MORTCAGEE, in wch company or cort~panies as the MORTGAGEE may direct; and all fire and tomado inwrante policies on any of said buiidings, any interest therein or part thereof, in the aggregate wm aforesaid or in exteu thereof, sha!! contain the usual standard mortgagee clause or such other clause as the Mortgagee may require, making tF+e loss under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every such policy sF+all be promptly assigned and detivered to and hetd by said MORTG/1GEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the expiration of eath policy, to deliver to said MORTGAGEE a renewal thereof, together with a reteipt • for the premium of wch ?enewal; snd there shall be no fire or tomado inwrance placed on any of said buitdings, any inttrest therein or part thereof, uniess in the form and with the lou payabk as aforesald; and in the event any wm of rtwr~ey beoort~es payable undet wch FFiRC-ss~-~~r-M 8oox 17U ~~~t ~018 - y _ _ _ - _ -