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HomeMy WebLinkAbout0216 1. To pay all and singular the principal and intereat and other suma oi money payable by virtue oi said promiasory note and such turther anm or suras oi money. if any. ~s the said psrty of the aecond part raay advance to the p~tt..~8~ oi the first psrt promptly on the dsys reapectively the s~?me sevarslly becoine dne. 2. To pay all and singular the taxea, asseasments~ levies. liabilitiee, obligations and encumbrances of every nature oA ~aid deacribed properties, and ii the same bo not promptly paid the said party of the second part, ita auocessors snd aa~iSna may at any time pay the ssme withaut waiving or sifecting t he option to loreclose or any right hereunder. and every psy- ment so made ahall bear interest fmm the date hereoi at the rate oi ~ percent~ per annum. , 3. To pay all and singular the costa, chargea and expen sea. including attorney's fees. reaeonably incurred or paid at any time by said party o! the second part, ita snccessors, legal representatives or asa:gns, becsuae of the failure on tt~ y,~rt oi the said part i6S of the first part, ~eir succeseora. legal representatives or asaigns. to periora~, comply with and abide by euh and every stig_!~!!ion, agreement, condition and rnvenant of said promiesosy note and this deed. or either, and everq such pay ment ehall bear interest from date et the rate oi ~ pereent, per annum. 4. To permit, oommit, or snifer no waste, impairment or deterioration of aeid pmperty or any part tbereof: 6. To perform, oomply with and abide bq each and eve ry the stipulstiona, agreemants, conditions and oovenanta in said promissory note and in thia deed aet iorth. 6. If sny of said suma oi money herein referred to be not pmmptly and fully paid within ~ days nezt after the . ~ same severally becom~• ~.lue and payable, or ii each and every the stipnlations, agreementa, rnnditions and covenants oi said ~ promisaory note and tnie deed. er either. are not dnly performed, complied with and abided by, the said aggregate sum men- tioned in said pmmisaory note, shall become due and payable forthwith, at the option of the party of the second psrt, ita succeaeora. legal representatives or asaigns. aa fnllq and completely as ii the ssid aggregate sum oi ~ne hundred dellss's or the advances heretofore referred to was originslly stipnlated to be paid on such day, anything in ssid pmmissory note ur notes later to be e:ecnted and secnred hereby. or herein, to the contrary notwithatanding. 7. 1b keep the baildings now or hereafter on said lands insured in the smm ~ot less than 5~~~-five hundred dollars in a company or companies to be appmved by the said party of the second part~ its suecessors, legal repreaentatives or assigns, and in the event any snm of money becomes payable nnder snch policy or policiea. the said party of the seoond part, its succes~ors or assigas, ahall have the option to receive and apply.the same on aceount of tlie indebtednesa hereby secured or to permit the parties of the first part to receive and use it, or any part thereof, for other pnrposes, withont thereby wsiv- i~~g or impairing any equity lien or right under or by virtne of this mortgage and may place and pay for snch insarance or any pArt thereof aithout waiving or fiecting the option to foreclose or sny right herennder and each and every snch paymeut shall bear inteiest at the rate o! ~ percent per annnm irom date. ~ 8. In the event it becomes necessary to foreclose this mortgage, parties of the first part agree to ihe appointraent of a ; receiver, to conserve the renis and pmfits seeuring fmm or derived from the above described property. i ` ~ ~ d ~ . . - ~ ~ ~ ~ ~ ~ ~ h said Mort r have he~ their hand S and seal s ~ IN WI'~NESS W1~EREOF, t e . gago _ the ~ day and year first above written. ! ' ed, sealed ~and deli~ in the presence o~ ~ D ~ ~ AL) ~ ~ , ; ' ~ ~ , ~ ~ O (SEAL) , 171 ~ 2~6 ~ ~ _ r~~~ = t S - - ~_.y;: ~v:~~. _ .