HomeMy WebLinkAbout2881and shall perform, comply with and abide by each and every the stipulations, s=reements, conditions and cove-
naats'of said promissory note and of this deed, then this deed std the estate thereby created shall cease and be
null and void.
1, The Mott~s;or hereby covenaets attQ agrees: _ ~ -
(a) .To paY all std sinWlu tie principal and intcreat and other snms d aroney parible by rime d said promassay note and this
deed, of sitttu. prosrptly on the days respectively the scree severally bscoeres due.
(b). To psrnit. csarnit ar settsr no oasts and to auiataio the iarproverots at all tines iq a state d dood,repair aced coaditioe. sad to
do a psrsrit to be daces to said premises aotbina that will alter a cianke the ws aed chuacter d said property a in aey raY impair or
''fsaltea tie security d Wis awrtaase. And u ens d the refwal. aetieet a iasbilitd at 16e Martdaior to repair tad maintaip said ptopcr-
ty. tie t#oryeaee fay. at iia optiaa. tasks such repairs ar earns tM sans to be rands. and advance nmeYs io fiat bebal[. . ,
(e) To pay .all and sinplat tt+s taaes. aweasneats. kiiea. lisbilitios. and obliptiaos d every oatrae a said described properly each
and srsry then due aced psYable «cadrrra to I~w. betara they bscoms delingasat. sad to deliver to tie I/ataatee o0 or before ltarcA
13ti d-eae~ -year tea roeeipts evidencing the psysent of all la~tully iarposed rases tor.tM precsdin~ esleadu year; to iaderity dre
1lartpass ups his dcarasd fa all fuss. asseasneau sad charges that M~ be' assessed. rrpQn this rttottiaas as tbs iadebtedasss s•-
ewsd bersy, sad paid b)r, tbs aiertgyss, vitiortt resstd to anti law ieretdore snacked or ierssfter a be eaactsd inposia~ payment of
tbs rrbls dr say ~stt thereof upo tie l+iorttaise{
(d) To per all sad siagulu fire cosu. curses and .espenses. iaaludins !aft'ers' fees sad abstract costs teasona~ly incurred or paid at
say brae by the Yartaatee because d tie failure oe the part d tie -Iortgagor to perfotn. comely fitb and abide by each sad every the
stipulstioea. agrssneata. caaditioos sad corsateta d said promissory note and Ibis deed. a either. vtd every sucb'paywent shell bcar
intsreat from data at tie rate d tea (10><) per ceatrrm Ou antwm.
(e) It is fsrtbet etrreaaated std agtssd by said parlisa fiat in tie erect d • suit Ming iaatituted to foraeloss this mortgage. the Mort-
pass sbal! bs atitlsd to appb at air tins poadiog such teteclosure suit to tis court baring jsriadictim tined for the appintnent
d a rsceirsr d all sad siegtrlu tie mortgaged property. and d all rents, incomes. prdiu, issues asd raveaues thered, [von fbatsoever
soaves dsrired; sad drusapoa it i, isteby esptessb eorsttaated and agrssd that tie Cewt shell toctbsritb appiat such rsceiver with
tie wwl gofers and datiq d receivsra is like cues; sad laid appointaxat shalt be grads by tie court as a matter d strict right to
the tioryages. sad ~itbout rstcrence to tis adegaacy or inadequacy d the value of tie property hereby mactgagsd. a to the soiveocY
or iasolrsaey d tis tlortgagara a any otbsr putt' defetdut to such suit. The tAortgsgor hereby specifically .sires the tight to object
to tis sppoiatorat d • rscsivsr u afarsaaid sad hereby a:pressh consents that such appiatment shall de Wads as sa admitted equity
sad u a rttsr d absotrrts tight to tie ~iortiagse sad tint tbs sans nay be dens fitbout notice to the )ilortgagor.
(t) If farsclosrrs proceedings siarW bs iastiwtsd agaiwt tie property wrersd by this rttAN upon say other lien or elaits whether
sllsgsd to be strperiar ar jtmior to tie lisa d this arartgage. the tlortgagee Bray at his optiaa imnediatsly spec institution of such suit
of dtrrioig tie pcadoasy tiered dselue this mortgye sad Wa iadebtedasss axrrsd bsrsby dw sad payaNe torW~iti sad cast' at its
option proessd to tatseloss kiss rrtgags.
ta) Tbat the Yertgatot fill ttss~ all real sad parsonai property aof ot'~uesftu eacuaabered by the lien d kiss mortgage insured as way
. bs rtgairN from fir .to tins by tie t#ortgagse ogainat lws by tire, rriadstarm and other 6assrda. caswltias and eartingeacies for such
puieda sad ter sot kas kiss each snoaats u ry bs ragrrired by tie Mortgagee and to pay promptly fbcn due all prcniams for sucA
iastrsaa. Tae anoaats'ef irarsace rsgairsd try ehe kbxtgaNs shall bs the arnica aarortata.tor flits said ieaYraacs shall be .rittdr
and it shall trs iaettmbsat spa tis Yorlpger to rutaia s.ci additional insarasKe a• ry bs necessary to rat sad comply fully sriti
all co-i~arraass regairsrata eotttaiasdu said polisisa to tbs sad that tie said Nortpsor is not a co-iasmot tbersmder.Ursursnce
shall bs ftlttef b • sot»psay of eampaiss spprorad of Issigastsd by tbs kbrtgages sad al! pftciss sad rsswfals tiered shell bs held
y tbs Nortgagss. Alt Ootailod dsaigaatiaas by tbs Mottgagar fbicb us accsptod by tie k/ortgsges sad all agrssmsets bstreso Mortpg«
sad Mortgaass relating to insrrases, aoi esistiag sr ttusattet reads. s411 be in ertiting sad shall tre a part d this rtNtc agresaurt
p tally u ~ sat tarts rsrbatim INteia sad shall aovsra hots patties bersw asd lieu saeessaota sad usigas. No licn upon say d
uN piieioa d asrrsaeo ar Mw say rstsad ar nears pnmian fhiei nay be payable oa tie essuilation of terninatioa thered. shall
bs girsa ter oust flan tie Port/sass. s:espt by propu sadotssarat slCsed to such pliey sed spptoved by Mortpses. Each plicy d
isssraass shall bars at8asd tbusto a t;taadsrd list Yeti liottgaase Clawe eritiost Costributioa. rkiag ill bas or Igascs carder such
troy Mri-M to tbs Morlgagss u its iatsrsst ry gpssr. b Zia watt oaf sun sr sur d rosy bseoms p~r!bl~ t)tetstmdu the Mort-
gagss shall cars tie aptisa to rstsire and apply tie acne em account d tie iadsbtedaess hsrsby sscared. or to permit the MortgaEor
is rscsirs aM w it. ar say put tiered, witbaat busby wsiriry or impairing say sgaity. lien. ar right urdsr sad by rirtas of this
morgags. >M event d loss ar physical damap to tke mortgaged properly tie Morlgagor asst! Aire immsditts eotiee tbered by wail to
tie Motyagss sad tbs Morlgagee ry rke prod d loss if the same is not made promptly by the Mortgator. la event d ferecloswe of
600K~~ ~~~~~