HomeMy WebLinkAbout2427 ~D1t~t~ ~~8. that if aaic~ ,1Kort~n~or ihall pa~ anto th~e aai.c~ JKort~a.~ee
th~ eerkWn promi,rsory note, of rrhicl~ the follou~n~ iR:a+nrrl~ anc~ ~l~~~rra ia a tr~ce eop~/,
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and shacll perfornz, comply urith cind abide by eaceh and every tlae stipulati,ons, d~'ree- ;
ments, conditions ~cnd covenacnts of sc~id promissory note and of this deed, then this
~I.~r~i~ ~~~ccl t/1,e est,a,te hereby created shaclt ~cea.se and be nudt and void.
.e~iw the scr,id .1Kortgct~or h,ereby eoveruants dnd a~rees: ' ~
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1. To p~y Rll aru~ singuldr the principat ~nd interest and other sums of money
• Ex,cyul,le by virtue of said promissory note and thi.s deed, or eith.er, promptly on the
d,a,ys respectively the same severaclly come due. .
~ To pccy all and singular the ta.r,e.s, usSessments, levi,es, Ziabilities, obligations
~ and eneumbrar~ces of euery natrcre on said described property each. and ~euary, and if
the sccnte be not promptly pccid the said .hTortga~ee rn~y at any time pay tlte sdme
~ ruithout waciving or aj~l'ectiz~ the option to forecl4se or dny ri3sht herercnder, a~ad every
payntent so ma,de shall bear interest from the date thereof at the rate of 8~ per
cen~. per annum.
S. --I'o pay atl and sin~ular the costs, clurr~es and expenses, inclicding lacwye~s ~
fees, rea.sonablJ ineurred or paid at c~ny time LJ saic~ .Mortgagee because of the facilure
on the part of tlae said Jbfortgagor to perforni, comply with acnd abide by each and
eaery the stipulati,ons, conditions and covena»ts of suul promissory noteand this deed,
~ or either, and everrJ sucJi paJment slaall bear intereat from date at the rate of - 8'~
~ per cent. per annum. _
~ eep the buildings now or hereafter on said land insured in ~n~not less
than dollars, in a conipan com~nies to be
approved by said - ee, and the policy or policies y and pa fable to said
.1Kort~a~ee, and in the eaen •~cm of moneJ be es paJable rcnd.er srcch pulicy or
policies, the J~fort~ac~ee Shall ha.ve t i- receive afrd ccpJ~l~ the ..unae on aeccotcnt
of tlte i~idebtedness liereby .cecured o• ~er ' .h~orf~a~or to receive a»d ze.se it, or
ctnJ part thereof, for oth~er ses, withor~t t/cere i ' i~g or imJxtirin,g anJ eqrcity
lien or ri~sht under or trtrr,e uf this mort~ag'e, and naa.t e and puJ for such.
insurdnce or rt tliereof, without ivaiuiic~s or c~~j}'ecting the op oreclose or
any ri ereuncler, and each and euery such pacyme~at sh~r.ll bPar interes . nte
rc~ccte of per cent. per acnnic~n.
e~185 ~?~2429
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