HomeMy WebLinkAbout1910 ~1'OVi~e1~ AlwAye that if sctid .htortga~or shalt pa,y unto the .caial .hiortgagee
the certain pnontissy note, of whiclc the followi~i~ i;~ wac~.s and fig:c~~es is a-trr~e copy,
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and shalt perform, corrcpty witlc~and abide by each and every t~ie stipzcldtions, d~ree-
rrtents, conditions and coaencants of said promissory note dnd of th,is c~eed, then th.is
deed a,nd the esta,te jiereby created shall cease dnd be null ccr~d void.
~ ~ -
~ AII(~ the said Mort~cz~or hereby eovenccnts and a~rees: ~
~
~ 1. To pcty acll ancZ singular the principat Qnd interest and other sums of morey
~ paya,ble by virtu,e of said promissory note and tkis cZeed, or either, promptly on the
d,ays respectively the same seaera.lly come due.
To po,y all and sin~sular the ta.~es, ccssessments, levies,~ licibilities, obti~ations
and encumbrances of everrJ nature on said describec~ properfij each, and every, and if
the same be not promptly paid the said .hlort~a~see nuzJ at any time pay tlce same
without waivin~ or a~j}'ectin~ tjie option to foreelose or ctnJ ri~ht herer~nder, and every
paym,ent so mo,de sltall bear interest front the date tlaereof at the rate of 6 per
cent. per annu~n.
S. To pa~ atl and singulacr the costs, char~es and expenses, inctudin~ lawyer's
~ fees, reasonablJ incurred or paid at any time bJsaid Morf~agee Lecause of tlae fatlicre
~ on the part of the said .hfort~a,gor to perform, complJ ivitla and ubide by each dnd
~ every the stiptclations, conditions ar~d covenan.ts of saitt pro»aisso~y note and this deed,
or either, and every sucli par,/ment shalt bear interest from date at tlae rate of 6
per cent. per annum.
To keep the buildin~ss npw or liereafter on sdid land insured in a srcm not less
tlucn unpaid principal balanc~ d.~lla~rs, in a compca~ay or companies to be
approved by said J{1ort~'a~'ee, ctrtd tlre policJ or policies held by a~ad pa~able to said
.1lfort~a~ee, and in the event anJ ~tium of moneJ become.s paJable rcnder szccla policy or
poti,eies, tlte .klort~agee shccll have tl~e option to receiue and apply the .tiame o~t uccoccnt
of the ind.ebtedness hereby ,recrcred or to >>ermit the .l~lort~agor to receive and use it, or
acny part thereof, for oth~er prarpo.ses, withouE therebJ wdiai~a~ or intpairin~ any eqtcity
lien or righ.t tcnder or bJ virtue of thi,s mort~a~e, and naay place and pay for such
insuracnce or anJ part tliereof, without waiviia~ or afJ`'ecting tke option to foreclose or
any right hereurcder, and each and everrJ such pacym,ent shall bear in.terest fi°~,» date
at the rate of 6 per cen~tR p r nnurra. .
6~~K~~ f~A~E1~~ 8 :
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