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HomeMy WebLinkAbout0212 AND the said Mortgagor s hereby covenant and agree : - 1. To pay all and singular the principal and interest and other sums of money pay- able by virtue of said promissory note and this deed, or either, prompdy and on the days respecavely the same severally become due. -u;• . 2. To pay all and singular the taxes, levies, Uabilities, obligadons, and encumbrances of every nature hentofore or hereafter imposed, placed, levied and assessed on said de- - sccibed property, each and every, and if the same be not prompdy paid the said Mortgagee may at any time pay the aame without waiving or affecting the option to foreclose or any right hec~edn~c, and the amount of every payment so made shall bear interest from the date thereof at the rate which aaid note bears and shall be secured by the lien of this mortgage; the Mortgagor s agroe to furniah._t+~ the Mortgagee prior to April of each year receipts for all ad valorcm ta~ces paid by the Mortgagors . 3. To pay all and singular the costs, chargea and ezpenses, _ including lawyer's fces, reasonably incurred or paid at any time by said Mortgagce because of the failure on the part of the said Mortgagors to perform, comply with and abidc by each and every the stip- ulations, agrecments, conditions and covenants of said note and this deed, or either, and the azaount of every such payment shall bear interest from date at the rate which said note bears and shall be secured by the lien of this mortgage. 4. To keep the buildings now or hereaf ter on said land insured against loss by fire in a sum not less than the amount of this mortgage from wne to time outatanding and unpaid, and insured against loss by windstorm in a sum not less than fifty per cent ( S 0~ ) of the full insurable value of said premises in a company or companies to be approved by Mort- . gagee , and the policy or policies held by and payable to said Mortgagee , and, in the event any sum of money becomes payable ~:=.ider such policy or policies, the Mortgagee shall have the option to receive and apply the sam~ on account of the obligation hereby secured or to- permit the Mortgagor s to receive and use it, or any part thereof, for im airin an ui , lien, or ri ht under or i by virtue of this mortgage, and may place and pay for such insurance or any part thereof i without waiving or aff~ecting the option to foreclose or any right hereunder, and the ~ _ amount of each and every such payment shall bear interest froin date at the rate which . ~ said note bears and shall be secured by the lien of this mortgage. S. To pernut, commit or auffer no waste, impairment or deterioration of said property or any part thereof. t 6. To perform, comply with and abide by each and everq the stipuladons, agree- ments, condidons and covenants in said promissory note and in this deed set forth. ~ 7. If any of said aums of money h~rein referred to be not prompdq and fully paid ~ ~ within thirty days nezt after the same severally become due and payable, or if each and k ~ every the stipulatibns, agnements, condidons and covenants of said promissory note and ~ G this deed, or either, are not duly performed, comp4ed with and abided by, the said ~ ~ aggregate sum mentioned in said note thcn remaining unpaid, with accrued interest and ~ all other aums secured hereby shall become due and payable forthwith or thereafter at ~ thc option of the Mortgagee , aa fully and complet~ly as if the said sums were originally sdpulated co be paid on such day, anything in said promissory note or herein to the contrary notwitlzstanding. . - 4 - 6QOK 1~2 PAGE ~1.~? . - - - ~ _ . . . i f~_i~.~,.~.-t.., ~ ~?i" .'S+4'f.,.: - . _ . . " " ~ . . _ . - . - v: ~{,~~s _ ~w -