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HomeMy WebLinkAbout1081 and shall perfona, comply with and abide by each and every the stipula- tions, agreements, conditions and covenants of said promissory note and of this mortqaqe, then said mortqaqe and the estate hereby created ahall cease and~be null and void. ~ AND the said Mortqaqor, for itself, its successors and assiqns, hereby covenants and aqrees with the Mortqagees, their successors and assiqns, as follows: 1. To pay all and sinqular the principal and interest and other swns of money payable by virtue of saic~ promissory note and this mort- gage, or either, promptly on the days respectively the same severally be- come due. 2._ To pay all and sinqular the taxes, assessments, levies, lia- bilities, obliqations and encumbrances of every natwre on said described property, each and every, and if the same be not promptly paid the said Mortgaqees, their successors and assigns, may at any time pay the same without waivinq or affecti.nq the option to foreclose or any other riqht hereunder, and every payment so made shall bear interest from the date thereof at the rate of 68 per annum. 3. To pay all and singular the costs, charqes and expenses, in- cludinq lawyer's fees, reasonably incurred or paid at any ti.me by said Mortgagees, their successors and assiqns, because of the failure on the part of the said Mortqaqor,.its successors and assiqns, to perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this mortqaqe; or either, and every such payment shall bear interest from date at~the rate of 6$ per annum. 4. To permit, commit or suffer no waste, impairment or deteriora- tion of said property, or any part thereof, excepting, however, that the doinq of either or both of the following by the Mortqaqor, to-wit: (A) The excavation and digginq of canals and the creation of artificiaY lakes or waterways; or (B) The r~moval and transfer of soil, rock or muck from one area of the mortgaged property to . another area originally encumbered by this mort- ~ ; 9a9e: will not constitute waste, impairment or ~~terioration of the mortqaged ; property by the Mortgagor. ~ ~ ; 5. To perform, comply with and ab'~de by each and every the stipu- ~ lations, aqreements, conditions and covenants in said promissory note, and in this mortqaqe set forth. ~ 6. If any of said sums of money herein referred to be not prompt- ~ ly and fully paid within thirty (30) days next after the same severally ~ become due and payable, or if each and every the stipulations, aqree- ~ ments, conditions and covenants of said promissory note and this mort- ~ gaqe, or either, .are not fully performed, complied with and abided by, the said aqgreqate sum mentioaed in said promissory note shall become due and payab~e forthwith or thereafter at the option of the Mortgaqees, ~ their successors and assigns, as fully and completely as if the said aq- ~ greqate sum m~ntioned in the promissory note secured hereby were oriqinal- ~ ly stipulated to be paid on such date, anythinq in said promissory note ~ or herein to the contrary notwithstandinq. ~ ~ . ~ 7. The Mort a ees have acce ted this mort a e, and the note it ~ g_9 P .g.9 Y secures, with the understandinq that the I~rtgagor will never be personal- . ~ ly liable for the payment of any swas whatsoever~by reason of the making ~ of the said note and the within mortgaqe, or by reason of default in the ~ performance of the terms of the said note and of the within mortqaqe, the ~ ~ Mortgaqees havinq covenanted and agreed with the Mortqaqor that~the en- ~ forcement of the rights of the M~ortqaqees under the said note and under ~ the said mortgaqe is limited to the security of the real property, which ~ is encumbered by this mortqaqe. Nothinq herein contained shall be con- ~ ~ '3- 800K17~ PACE1O~~ ~ ~ : - - _ - - - - ~ s - ~ ,a Y~~=~~s. : . .