HomeMy WebLinkAbout2394 1. To pay ali a~d siript~tar tlre prinoipat a~d intereit arid otaler ssa~u o~ ~xo~ey payabts by
virt~e of aaid promiaaory ~tote_ and t11i~ deed, or eitl~er, P*o+RP~y ~ tl~s duyt t+~spso~ively t~
aame aevsraliy become dw.
t. To pay ali a~d airiyxlar tJ1s taaca, oueu~nti. leviea, liabauiu, obi~patio~, a~d e~o~aN-
bra~ncsa o~ every rat~a~e o~ aad descn'bed pr+opsrty. sacll a~d every, aud if tlkks sa~e bs *ot P~P~
ly paid ths ~aid ~[ortDapse~.., their i.~
;~d rspr~staNve~ or aisi~xt, at wqi?
ti»~ pay the same wit~w~a ,aavi~y or aff~o tl~ optio~. to roreetoss or a~gr rtpAt 1?.r+e~a~er,
and every? Pay~nent ~o rads s1~ali bear iatere:t ~r~m tl~s date lhereof at t~ rate of '=r'"*
cent. par a~aaew.
s. To pay ali and sen~ula~ t]?a costi, ckarpss and ezpe~aet, i~dwii~ ~awyer'i f~a, reaao~-
abty ineurred or paid at any ta~ts by aa~d 7![ortyapea--. their k,~, ~yd ~•,ep~•~~~
or aaaigna, beeauae o~ ths fa~ws ow tl~s part of t.~s aaid l[artpayor~.. their ~d
represcxtativea or aa+i0~ ~ P~~, ~P~fl ~vith a~d abide by eac1Y~ arid ener~t tals st~pu~atio~,
a~reementa, co»ditio~ a~d eotie„awts of said promiaaory ~tote._ ond t~tia dsed, or eitAer. ~d
encry axe11 paymeKt a1~aII bear intarsat frv~t date at tks rata o~ per cant. per ~
.i. To keep tke b~aZdi~y~ wow or l~ereafter~ o~ aaid ia~d i~ea~a~ed i~ a a1aK ~not tess tlian.
the hi~hest insurable value ne~ue; ~ a~,p~y ~~p~
to be approved by said Mortyayee_, and t1Ye Poiu1? o~" Pdicisa 1~d bf? a~td Paf?abls to sad Mort-
~ay~J-, their kpal repreaentatives or aaai~s, a~d in tlw everit
any siax of ~eo~y becomes payabk ~e1er ~ek polic~r or potieiei, ~~~a0~-,
their ~*a, ~flai representatives or aasipna, a1saII kavs t~s optioR to reeeive aa~d
appiy tl~ sama on aceo~nt of tlka i»debtsdneas ksrsby aeeur~d or to pern~it t1~s Mort~ayor to
receivs a~d we it or any part tl~ereof for otlker pu~posea, witlaut tlkeraby ~oaiviny or i~npaira~p
l
any ~quity, iian or riyht ~e~tder or by virtw o~ tl ~ia mortDays, a~td maY Plaea axd Pay f
or s~eh
inaurn~nce or any p~t t~rsof without toaivi~ or aflectiny t.l~s optiori to foreeloae or any riDl~t
bera~a~der, a~d eack a~d every st~ek pay~ne~t ahaA bear rnterest from date at tl~a rats of 896
Pa+' eant. Per an~aaK.
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5. To permit, cammit or a~tif
f
er ~?so waste, impairn:,ent or date~reoratio~t of said property. or a~yl ~
part t~a+'eof. .
8. To perform, eomply witk, a~d abide by eaeh and every t7~s atiP~a, ~'a~+~, ~ ~
ditio~a and eovenanta iri aaid prontissor~? not~_, and in thia deed sat f
orth,.
7. If any of aaid sums of mottey lY~ereen rejarred to be not P~'~?+P~Y ~ f~U P~
•~ya next aftar t)ae aa~ne severaUy beeome due a~d payabt~, or if sack and avsry the
atipulationa, agree~menta, co~diaona aa~d eovetw~ta of said promiaaory note~___ and thia deed, or
eit.laer, are not f'~v 1~~f~~ complied wit1Y~ and abid~ed bj/, ths aaid apy+'sy~ au~n. ~nenl~io~~I ;
x
in aaid promiasory note_ alsali beeorns d~s and payabla forthwitlt or t.heraafter at the option of ;
th~ Mortgagu-, the i r ~
p~ repreaentativea or aasigns, ~ fwuy ~,a ao~.~taty =
ai i the aa~d ate aum o for rone hundred 100.00 --------~toilars wars ~
f a~~'~ f-fK ~
ori~i'naUy atipulat~d to ba paid an aueh da~l, wiything in said promiaaory note_ or herein to t~ke 1
eo»trnry rtottoithatandiny.
IN WITNESS WHEREOF. the aaid D[ortyayor-, have iet their
hand~-,and aeai~tlae day and year firat above written.
,
Siy~ud, awled a»d d.eiiver~d iri preaenes of w: ` • r ? (Seai) .
~ ~ Mi l dre d C. ett le, ormer ly known as
~ Mil y d C. Sothe~n, f ~
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Walter H. Settle ;
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800K ~~r ~ PAGE~~~~ ;
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