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HomeMy WebLinkAbout0041 1. To pay all and aingular the principai and intereat and other suma of money payable by virtue of said promissory note_ and thia deui~ or either, promptly on the daya reapeetively the aame se~e~erally become due. 8. To pay all and singular the taxea, aa8eaamenta, levies, liabilitiea, obliyatio~a, and enca~m- brances of evert/ nature on 8aid describcd property. each and every, and if the same be not prompt- ly paid the :aid Mortgayee-, her keira, le~al repreaentativea or asai~na, may at any time pay tha same urithout waiving or a~fect~it~ the option to joreclose or ~ny riyht hereunder, ~ and every payment ao made ahaU bear intereat ~rom the date thereof at the rate of t~ per cent. per a»ntcrt. J. To pay ali and singular the coata, chargea and expenses, i~?tcluding lawyer'a feea, reaao~tr ably incurred or paid at any time by aaid Mortgagee-, her ~eira, legal repreaentativu or asaigns, because of the fa~urg on the part of tha aaid Mortgagor 8, their 1~~m, jey~ representativea or assigna to perforna, ~aotnpiy with and abide by each and every/ the atipulationa, agreements. eonditiona and covenanta of said promissory note o»d this deed, or either, and evert/ such payment ahall bear interest from dat.~ at the rate of ten p~ p~ 4. To keep tl~ buildings now or hereaf ter on said land insured in a sum not less than~ Hi~rhPst Insurarle Value of Property noUara, in a comgw.ny or companiea to be approved by said Mortgagee , and the poticy or policiea held by and pa,~Qble to said Mort- gagee.,, her heira, iegal representativea or assigns, a»d in the event any sum of money becomes pa.yable under such polict/ or policiea, the Mortgagee_, her heirs, legai repreaerttativaa or assig»s, shali have the option to reeeive and apply the same on account of the indebtedneaa hereby secured or to permit the Mortgagor8 to , receive arui use it or any ~art thereof for other purposes, without thereby waivi~ng or impairi~tg any equity~ lien or right under or by virtue of this mortgage, and may piace and pay for sucA i insurance or any ~art thereof without taa.iving or a.ffecting the option to foreclosa or any right ~ hereunder, and each and every at~ch. payment ahall bear interest from date at the rate of ten per eent. per annum. 5. To permit, commit or auffer no waate, impairment or deterioration of said praperty. or any ~ part thereof. i ~ 6. To perform, comply with, and abide by each and every the stipulations, agreementa, conr ~ ditions and co~enants in said omiss pr ory note-, and in this deed set forth. 7. If any of said sums of money herein referred to be not promptly and fully pa.id within fifteen ,~,~s next after the same sevcrally become due and ~a.yable, or if each and every the stipulations, agreeme»t,s, conditions and eovenants of said promissort/ note and thia deed, ot E either, are not jutly performed, complied zoith and abided b~/, the said aggregate sum mentioned ~ ~ in said promissory note_. shall become dtce and ~a.yable forthwith or thereafter at the option of ~ ~ the l~iortgagee_, her he,irs, legal representatives or assigns, as fully and completely I ~ aa if the said aggrepate sum of TKenty-three gundred Fort,,y anc? nn/t (~~a ~~e ~ originally stipulated to be paid on see~~~dd~~ij~~{r~g in said promissory note_ or herein to ths ~ contrary ~wtivithstanding. ~ IN WITNESS WHEKEOF. the said MortgagorB , ~Ve ~eunto aet~~r hand 8 nnd seai 8 the day and year firat aboue written. . . igi~e aeal d and ' ered in ~iresence of us: l ~ (Seal} 1 ` / ~ ~ yG' Gl/_~ ~ ~ ~ ~ ~ lic; %t~~r~nnr~i~ ~~r~ fvir~ J b?': R.1, . S Ot~OL - ~ .i,/Jr~~; ~P.O. t3ox 35-643 Liiami, '~la 3 BOOK1~~ PACE y~~ ~ ~ ,s . u "F . . . . . _ _ 'tiJ.`-. . . .