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Home My WebLink About0133 , ! ~ i ~ i and shail duly. pmmptlq aad fully pertorm. diecharge. execuie, effect, completr. comply with and abide by esch and every the stipulationa, agreemente. conditiods and covenants of said pmm~ssory note and oi this mortgag~ then this mortgage and the estate hereby created shall cesse and be nuU and void. It ia understood that each of the worde. "note." "mortgagoi"' and "mortgagee" reapectively u?d the pron- ouna referring ihereto, wheWer in the singular or plural anywhere in this mortgage. ahall be aingular if one oaly and ahall be plural jointly and severally, i! more thaa one. and shaU be masculine, feminine and/or neuter. wher- ever the oontcxt ao impiiea or admits. , And said Hortgagor !or himaetf and his helra, tegal repreaentativea, successors and aaalgue„ hereby ooven- ants ana sgree~ to and with eaid Mortgagee~ hia legal representativea~ successore and asaigna: 1. To pay all and aingular the principal and intereat and the various and aundry suma of money payable by virtue oi esid prnmissory note, and this mortgage. each and every. promptly on the dsys respectively the saaue aeverally become due. 2. To pay all and aingular the taxea, assessments, levies, liabilitie~, obligatlons and incumbrances oi every aature and kiad now on said deacribed pmperty. and/or that hereafter may be imposed~ suftered. placed, levied or asaesaed thenupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the fndebted- ness secured hereby. each and every, when due and payable according to law~ before Lhey bec:oma delinquent, and betore any intereat attaches or anq penalty is incurred; and in so far as any thereof is of reoord the sams shatl be pmmptly satisfied and discharged oi record and the original official document (such as, for instanca Lhe tax receipt or the satisfaction paper officially endorsed or certified? ahall be placed in the hands of eaid Mortgagee within ten days next after payment; and In the event that any thereof fs not so paid, satisfied and ~ discharged, said Mortgagee may at any time pay the same or any part Lhereot without waiving or afiecting any option, lien, equity or right under or by ~•irtue o! this mortgage. and the full amouat of each and everq such payment ahall be lmmediately due and payable and shall bear interest from the date thereo! unt31 paid at the rate of ten per centum per annum and together with such interest ahall be secured by the Hen o! this mortga.ge. 3. To place and continuously keep on the buildinga now or hereafter aituate on aaid land fire and windstorm lnaurance in the usual standard policy [orm, in a sum not less than i---•---•-._.~~.~S~ltAl in auch com- : pany or comp^nies as may be approved by said Morigagee; and all such insurance policies on any of asid build- k inga, anq interest therein or part thereof, in the aggregate aum aforesaid or in excesa thereot. ahall contain ths usual standard mortgagee clause making the loss ur:der said policiea, each and every, payabie to aaid Mortga. gee as his inierest may appear, and each and every such policy shall be promptly delivered to and beld Ly eaid Mortgagee; and, not lesa that~ ten daya in ad~•ance oi the expiratton of each policy, to deliver to sald Mortgagee s renewal thereof, together with a receipt tor the premium of auch renewal: and there ahall be no such insur- ance placed on any of said building~, any intereat therein or part thereof. unless in the form and with the lo~ payable aa afo~eaaid; and in the event any sum ot money becomea payable under auch polfeq or pollcies aaid Mortgagee ahall have the option to rereive and apply the same on account o! the indebtedneas aecured Lereby or to permit eaid Morigagor to recefve and use it or any part thereoi for other purposea without therebq waiv(ng or impairing any equtty, lien or right under or by virtue of this mortgage; and in the event ssid Mortgagor ahall for any reason faii to keep the safd premises so insured, or fail to dellver pmmptly any oi aaid policiea oi insurance to said I?tortgagee, or lajl promptly to pay fully any premium therefor, or in any reapect tall to per- form, dischsrge, execute, eftec~ compiete, comply with and abide by this covenant, or any part hereof. said Mortg- agee may place and pay for auch inaurance or any part tnenwf without waiving or affecting any option, lien. equity or right under or by viriue of thie mortgage, and the tull eqtount ot each and every such payment shall . be immediately due and papable and ahall bear interest from the date thereot untU paid at the rate ot ten per centum per annum and together with euch interest shail be eecnred by the Uen o! thls morigage. i 4. To permit, commit or suffer no waate. impairment or det+erloraUoa oi satd pmperty or any part thereol. ~ 6. To pay a11 end singular the coata, charges and expensea, including reasonable lawyer's fees and cost of ahatracts of Utle. incurred or paid at any time by aaid ~~rtgagee b~cavae end/or !n the event oi tt~e failure on the part of the aaid Mortgagor to duly~ promptly ami tully peKorm. dlscharge. eaecute~ e8ect, complets, comply wfW and sblde bp each and every the atipulatiom, igreements, cond~uona and oovenaaL ot said promL- aory note. aad this mortgage~ anq or either, and sald rnsta charges and eapensea. each aad every, sba11 be im- me~ tely due and payable. wheWer or not tAere be notice. 3emand. sttempt to colkct or suit pending: and ths lt~Ii a noont of each snd every auch payment shall bear interest imm the dats thsreof until pald at the nte of ten pe, centum per annutn; and all ~afd oost,. chargea and e~cpeaae~ ~o incurred or pald. together wttb sucb in- te*est, abW Ds secvred by the lien oi tt~fa mortgage. OQ ^ ~ 800K ~ ~8 PACf ~~z ~ ~ . ~ ~ - . . ~