HomeMy WebLinkAbout0683 i"ru~ 1Q~(i E1iW8yg thact if said JKort~a~or ahall p~a~ ur~to the Raid ,Mort~a,~ee
the certain prnmassy note, of which the following irt w~orda and ~t~ures ia a. true copb,
to wit:
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ctnd shalt perforrn, compty with and abide by each ctnd every the stipulations, Q~ree-
ments, conditions a~ad covenants~of sacid promi.ssory note and of thi,s ca~eed, then this
aleed and the estcate herehy created shall cease and be null and void.
~lt~ the sa,id .1Kortgm~'or hereby coveru~nts and agrees:
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1. To pay cctt aru~ singular the principaL and interest and other sums of money ~
a,ble b virttce o said ~
Pay y f promissory note and this deed, or either, promptly on the ;
c~CCrjs respectively the same severaclly come due.
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To pa.y alt and singular the tcr.r.e.s, assessments, levies, liabilities, obli.gittiona }
and encum,brances of every natr~re on said d,escribed propertr,/ each, and eaery, and a `
the same be ~aot promptly ~id the saic~ aiortga~ee may at czny tinae pdy the sanae i
without wcaivin~ or aj~'ectir~~ the option to foreclose or acnJ right herercnder, and every ~
pcayment so ma.de slutll bear interest frnm the date thereof at the rate of g per
cent. per annu~n. ~
~3. To pay all and singula~r the costs, charges and e.rpenses, inclrcdin~ lawyei's '
fees, reasoRably incurred or paid at any time bJsaid ,~iortg'agee because of the f¢iltcre
oia the part of the said alortgagor to perform, complJ zaith. a-nd abic~e by ench, and ~
eaery the stiprclatio~rs, conditions an~ cot'F/1Q1Its of srti~ pron:issorJ noteand this deed,
or etther, and every srcch paymenE shall bear interest from date at th~ rate of $
per cent. per annurn. .
,~o kee~ tihe btii, ~i~t~s no~t or J~reafter on ~aid land insured in a sr~-rn not less
than im r Ye n~ ur e~ e or a d~~llars, i,a a co~np~c,ry or compani~~ to be
approvec~ ~y sat -.J{~1~oC~t~ee, tii~~ ~wlicJ or ~olicicls Irel'd by a-nd ~xr Jable to sctid
for t~agee, crnc~ in the euent anJ sr~»c of nron~J hc~con:e.4 paJable under cuc/r policy or
policies, the .,llort~agee Shall har~e th~ uption to r~cPit'P Q71C~ Q~I~)Il~ ~/!P 1(ln1P Oll QCCO!!1?t 1
of the indebtetljtF.~s /tereby .ece~rPrl or tu pern~it 1hP .~ilorlga~'or tv recFic•e and use it, or
any pa.?~t thereof, fvr other picrpo~es, rai.thorct therebJ :caivin~ or i»tJ~uirind a~ry eq~cily '
li.~n or ri~ht under or LJ uirtr~e of thia mortga~e, a»cl ntay ptace. and JxrJ for such
in.st~rnnee or anJ ~rt thereoj; withotet t~•ait~en~ ur u~}'PCtin~ the ontion to joreclose or ~
any ri~ht hereunder, an~i each and erer~ .~ruch Jn,tyntFnt .4hRlt bear inlere8l fronr dirte ~
at tJu r+ate of 8 ~uer eent. per an n um. t~ R ~ r_
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