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HomeMy WebLinkAbout1656 i ;i ~ . t ~ . 'I 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 ~ ; 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 'i payment shn~ bear interest f rom c~ate at the rate of 8 per cenf. per annum. ; 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 , !i 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. ~ i ' 6. 1'o perjorm, comply with and abide by eac~ and every the stipujations, agreements, condi- ~ ' ~ 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 ; 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' ~ .i; 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• : - , 4~~ ~ ` ~ ; . . ~ tjie anic~ parEy of t~ie {iret part ~iaa ~aused these ~ ~ : ~ ° ~ ' . , 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. ~ •q ~ ; r- ` ' .1; s _ . ~ y ~ Y...~.. '~f tT ~t!".~ ~rt ~ Se etary _~--~4N.~S.T.~l,S~~1? .~D~Q~~IS~TI •~~li~,r ; , v/ :;1 ; . i; $ c~e~iveyed fn. our preserwe ; i ~ , . Preatdent..... ~ ~ ~ ~ t ~ i ~'1 ' ~ ~~l ~~K~.~4 ~~E1653 ~ _ ~ _ , . .