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HomeMy WebLinkAbout1614 ' . .r . ~ ~ l i , ~ 1. To pay all and singular the principal and interest and other suins of money payable by ~ virtue of said promissory note and this deed, or either, promptly on the daya respectivelq ~ the same severally become due. ~ 2. To pay all and singular the taxes, assessments. levies, liabilities, obligations and incvm- brances of every nature on said described property. each and every, and if the same be not promptly paid the said Mortgagee, its successors, legal representativea or assigns, may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder, and every payment so made shall bear interest from the date thereof at the rate of~2_ per cent. per annum. 3. To pay all and singular the coste, charges and expenses, including lawyer's feea, rea- sonably incurred or paid at any time by said Mortgagee, ita succesors, legal representativea or assigns. because of the failure on the part of the said MortgagorH.., their h~~~ legsl representatives or assign$ to perform, comply with and abide by each and every the etipulations. agreements, conditions and covenanta of said promissory note_._ and this deed, or either~ and every such payment shall bear interest from date at the rate o~ ~ 2 per cen~ per annum. 4. To keep the baildings now or hereafter on ~aid land insured in a sum not less than _ Three Thoueand end no/100 nollars, in a company or companies to be ap- pro~•ed by said Mortgagee~ and the policy or policies held by aad payable to said Mortgagee, ats successors, legal representatives or assigns, and in the event any sum of money become8 pay- able under such policy or policies, the Mortgagee, its succesors, legal representstives or assigns shall have the option to receive and apply the same on account of the indebtedness hereby se- cured or to permit the Mortgagor to receive and use it or any part thereof for other purposes, without hereby waiving or impairing any equity, lien or right under or by virtue of this mort- gage, and may place and pay for such insurance or any part thereof without waiving or affecting the option to foreclose or any right hereunder, and each and every such payment shall bear in- terest from date at the rate of ~ 2 per cent. per annum. b. To p.ermit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. ' e 6. To perform, comply with, and abide by each and every the atinplations, agreementa, conditions and covenents in said promissory note`, and in thia deed set forth. If anp of said sutns of money herein referred to be not promptly and fully paid within 30 days next after the same severally become due and payable, or if each and every the stipulations, agreements, conditions and covenants of said promissory note- and this deed, ar either, are not fully performed, complied with and abided by, the said aggregate sum men- tioned in said promfssorv note~ ahall become due and payable forthwith or thereafter at the option of the Mortgagee, its successars, tegal representatives or a~signs, aa fully and com- pletely as if the said aggregate sum of Three Thoueand end no/100 ' dollars were originally stipulated to be paid on such day, anything in said promissory note, or herein to the contrary notwithstanding. IN WITNT.SS WHEREOF, the said Mortgagor 8 _have ; hereunto set their hand e and seal e the daq and year first above written. Signed, sealed and deliver d in the presence o#: ~ ~ x~-/ _($@81) . / ~ ~ ~ ~ 4~` . cseal, BUOK1v~ PACE16~.~