HomeMy WebLinkAbout2504~C~~'1Q~Ct~ AlWay~ th~cr.t if said .hfortgagor shall pay unto the said .Mortgagee
the certain prontissy note, of which the following in words and ~igrtres is a true copy,
to wit:
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and shall perform, comply with, and txbide by each a~zd every the stipulations, agree-
ments, conditions and covenants of said promissory note and of this deed, then. this
deed and the estate lcereby created shall cease and be ntcll and void.
And the said .1tTortgagor hereby covenants and agrees:
Z. To pay all and singrclacr the principal and interest and other sums of money
payable by virtue of said promissory note and this deed, or either, promptly on the
daa•/s respectively the same severally come due.
2. To pay all and singrcla.r the taxes, assessments, levies, liabilities, obli-rations
and encumbrances of every natrcre on sai-d described• property each: and every, and if
the same be not promptly paid the said ~llortgagee Wray at any time lta.y the same
without waiving or afj'ectirt~ the option to foreclose or any right heretcnder, and every
payment so made s/tall bear interest fi•onL the date t/tet•eof at the rate of seven per
cent. per annum.
S. To pay all and singtcla.r the costs, eltat~es and expenses, inelrcding lazvtJer's
fees, reasonably incrcrred or paid at a.ny tune bysaid ~llortgagee. Lectatcse of tlcc~ fazhcre
on the part of the strid..aiortgagor to pct form., comply nett/t. uncl abide by each and
every the stipulations, conditions and covenants of said pronttssory note and this deed,
or either, anal even,/ such payment shall bear interest front date at the rate of seven
per cent. pet• annum.
¢. To keep the buildings now or hereafter on said land insured in a stem not less
than NONE dollars, i.tr. a company or conapani-es to be
approved by saicL .Mortgagee, and the policy or policies held by and payable to said
.Mortgagee, and i•n. the event, antJ srtnt, of money Lecomes payable tender stcch policy or
policies, the .~1lortgagee shall bare the option. to receive and apply the ~unte on accorcnt
of the indebtedness hereby •.ecrcred or tv pernti# the .Alortgagor to receive aztd use it, or
any part thereof, for other prtrposes, tutUron•t thereby waivins or intpatring catty egtti-ty
lien or right render or bJ virtue of this mortgage, and Wray place and pay for such
insurance or any part thereof, withorct zcaiving or ajj'ecti•ng the option to foreclose or
any right hereunder, anti each and every stccla payment shall bear interest front• date
at the rate of per cent. per anntcm. ~ R ~~~ ~~~~
t00K PACE