HomeMy WebLinkAbout1941 . ~ . . .
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i. To pay alr aad sin~lar the priAeipal abd interest and other auras oi mo~ey psyable b~ vl:tve ot pid pronniaor~r rote
and such ~nrther sum or sums ai moaey. ii ~?n,y. iu the said pa rty a~ tLe seoond p~rt may ad~anoe to the psrt~~ ot t2?e
first put pramptly on the dsys respectively ~
the aime sewrally~beowoe dQe.
S. To pay ~!1 aad sin~ulu tLe ta~ces. as~ents. levies. liabilities, obligatioiu sad enenmbranoes oi ever~ n~tnrs on
said de.cribed properties„ and it the asane be not promptl~ psid the asid party oi the ~eoond psrt, its suooa~ors and a~sisas .
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auy at sny ttme p~y the wns withont ~vaiving or aKeelias t he option to foreclo~e or aay iritht ~ henunder, and ever~ p~y-
meat w msde sl~all'bea~ir'ir?tereat irom ~}ie~ date nereat at tbe r~te oi 'pere~en~ PeY' annnm. .
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3. To psy all snd aingnlar the oosts. ehar~e~ and espen ~es, inclnding attorney's faa. reasonabl~ ircnrred or paid at any
time by aaid party oi the ~ewnd part. ib saccewon. le~aal rspresentatlves or asd~u, becanse at the tailure on the part o! tha aaid
ies oi the iirs! part~ their legal reprasentatives or assi~nns, to pertorm, oomply ~vith and abi~e by eaeh
and ev~ery stipnlatian, sgreemeuk oondltion and covenant oi s~id promiaory note ~ad this deed. or either. and evar9 ~ M7?-
ment shall bear interest irom data st tbe nte a~ ~ PeroenR Per annnm.
4. To permit~ oommit, or sntter no waste. impaisment or deterioration o! ssid propart~ or sny part thereo~.
6. To periorm~ connply with snd abdde by eaeh and every the stiPdations, agre~ant0. oaaditions aad oovenanb in
said pranis~ory nota and in this deed set lorth.
6. If any a! aaid anms oi morny herein referred to be not promptly snd ~nlly paid ~vithin dsya ne:t siter the
same ieverally beoome doe and payable, or if ~ch and every the stipnlRtions, atreeaaenb, oonditions and oovenanta of ssid
promissory note snd lhis deed, or either, are not dnly performed, oomplied with snd abided by, the said a~gr~gate som men-
tioned in aaid prnmiasory note, shsll beoome dne and paysble iorthwith, at the option o2 the psrty of the seoond part, ib
anceeasors. legal represenbtives or esstgna, ss ially snd eompletely as ii the said agge+egate aam oi nne Aundred Dollara
or the advanoes heretofore reterred to was originally stipnlated to be paid on anch day. anything in eaid promissory mte or
not~ later to be ezecated ~nd aecured hereby, or hesein, to the contrary notwithstanding.
7. To keep the baildin~s naw or he~reatter on aaid landa insnred in the amm ~at less thsn ~fty ThousBnd Ec No/100
dollan in s oompany or oompaniea to be appmved by the said party af the second p~rk. ita sacceasors, legal representativea or
assigns. snd in the event sny anm oi money beoomea psya~e nnder aneh policy or pelieies, the said party oi the aeoond part,
its suoeessors or assigne, ahall hsve the option to reoeiv~e and apply the aarae on aooonnt ot the indebtednees bereby aecored
or to permet the psrties o! the firat part to receive and nse ik or any part thereoi, ior oRher pnrpo~ea, witho~ tbereby wsiv-
ing or impairing any eqnity lien or rigbt nnder or by virtae of this anort~ag~e and may plaee and psy tor anch insnrxnce or
sny part t6ereof withont waiving or sifeeting the option to iorecloae or any right herennder and ~ch and every sneh p~yment
ehall bear, interest ~t the nte o~ pei+oe~t per u~num irom d~te.
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, 8. In the evei~t it beoomea neoeaeary to foredoae thia mo rtgage, parties of the iirat part agree to the appointment oi a
reoeiv~er, to..onsPrve tbe renta and profib secnring irom or derived frnm the sbove described pmperty.
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IN Wt'Q~tBSB NtH.Bit$OF, the said ~[ort~a~or have hersnato ~et their han~s aad ~ea~ tbe
da~? and ~r iirst sbore written. .
3isned, sesled and ddiiered in ~ gre~enae adc .
(SBAL)
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AR.i_~ ~ Q ~2 CLc~ (SEAL)
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