HomeMy WebLinkAbout1656 i
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2. To pay alI and singular the taxes, assessmenta, levies, ltab~l~t~68, obligations and incum-
bronces of every nature on said descr~bed propertv each and every, and ij the same be not promptly
paid the said T'Iortgagee , hi s heirs~ jega~ representaHaea o~ assi ns~ may at un time
pay tlze same without waiving o~ af
f
ecting the option to f
orec~ose or any ~g~ hereu?u.~er. a~ every
payment so made shall bear interest f
rom the date thereof at the rate of 8 pe~ cent. per ,
annum.
3. To ~xiy ail and singui~ th6 ~osts, chargea and expenses, incTuding Tawyer's f
ees, reasonably ~
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incurred or paid at an time by said Mort °~ee . his ~ie~rs. legal representatives o~ as-
signs. because of the ~ailure on the part o~ the s«~d Mo~9~o~, its successors. legal representatives
or assigns. to perf
orm. comply wiih and abide by each nnd every the stipu~at~ona. agreements.
conditions and covenants of sa~ promissory note and this deed, or eithe~, and every auch
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payment shn~ bear interest f
rom c~ate at the rate of 8 per cenf. per annum.
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4. To keep tlze buildings now or lierealter on aaid land inswed in a sum not l~sa tjwr?
do~ars. in a company o~ companiss to be ap-
P Y g~ and tTie policy or polictes lield by and payable to sa~d Mortgagee , i~?
roved b said Mort ee ,
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his ~eir8. legaj repreaentaHvea or aas~gna_. ared ~n the event any aum of money beoomea : i
payabls under sucl~ policy o~ pol~des, t~ie Mortgagee , his je al representatlvss or as-
signs shall have tlze option to receive and apply the sume on account o~ti~ ~bted~s$ h6~by
secured. or to pernut the 1Kortgagor to receive and use it, or any art t~?ereof . f
or other purposea.
witlwut tliereby waiving o~ impairing any equity. ~ien or right u~~ o~ by ~ of t~ta mortgage~
cuu~ may place nnc~ pay f
or such insurance or any part fhereof
. witjiout waiving o~ af
f
ecttng t l
i
e
_ option to f
oreclose or any right hereuruler aru~ eac~ and every such payment BhaII be~ interest ;
f
rom c~ate at the rate of 8 per cent. per annum.
5. 1'o corramit, pernut or suf
fer no waste. impairment or deterioration of saicl property ~r any ~
p~t t~~of. ~
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' 6. 1'o perjorm, comply with and abide by eac~ and every the stipujations, agreements, condi- ~
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tions ancj covenants in saitl promissory note aru~ in this deec~ set f
orth. .
7. If any of said sums of ?noney ~ierein ref erred to be not promptly arecI f
ully pa~d within ~
thirty ~y8 af
ter the swne severally become due and puyable, or if eac~i and every
f
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t~ie stipulations, a$reements. conc~itions and aovenanfs oj said promissory note ancT tliis deec~, ~ ~
or eitker, are not dujy perf
ormed, complied with and abided by, the said aggregate sum mentioreed' ~
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in said promisaory note e~wlT become due and payable f
orthwifh or thereaf
ter at the option of ~
tlie Mortgagee . his ~ieirs. jegaj represenfativea or assigns. as f
uAy ~d ao~i~tely ~~f t.
; ~ ,c~ :
the said a~gregate e~ o~ annual ayment _ dollars originaUy att uIated to ~;j '
~ie an ~i ~Y. anyt~iing ~n. s~ promiasory note or ~ierein to the confrary nofwif~'stand~n9• :
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; . . ~ tjie anic~ parEy of t~ie {iret part ~iaa ~aused these ~
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, a . presents to be signed in ita name by fta Preaic~ent. ~
~ J"' f~ ...~~'orporate anc~ its corporafe seal to be a//~ed aaeeted by ~ '
• Seal) - the duy and year above written. ~
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'~f tT ~t!".~ ~rt ~ Se etary _~--~4N.~S.T.~l,S~~1? .~D~Q~~IS~TI
•~~li~,r ; ,
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$ c~e~iveyed fn. our preserwe ; i
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, . Preatdent..... ~ ~ ~
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~~K~.~4 ~~E1653
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