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Home My WebLink About0196 ~ ~ ~t~ ` ~ l. Zb psy ~11 aad si~ulae tM Prioeipal ~dd interaat aad otMr suaN ot eaone~ pay~ble by virtue oi wid promlwory ~wte u?d sud? tnsther ~ua4 or ~ums ot moneY. 1t uy?. a~ tha saW p~ rty oi tM ~eooad p~uR ma~r advana to tM part_3L.. oi the fint P~ P~?P~7 on tLe dsys respectiwl~r !M sams ~ewnlDy beeom~ dw. 1b pay sil and dn~ular the ta~ces, ~eaanents, levies. liabilitia. obliaa~tious and encumbnnees o! ever~ nstnre oa said dascribed propertiey snd ii_the same be tat prnmptly paid the pld patty oi t1~e isoond part. its suocawn ~?ad ae~i~ ~ ma~ st an~ tiane pay tl~e aams withont waivin~ or atieetina t he option to loreclcse or atUr risht hereunder. and every Pay- ment ao made aball beu int~ereat frora the date hereof at the r ate of ei~~ peroent, pat annam. s. To ps7 vl u~d sinNla~' the oost0. c}u?rga u~d aPe~?aes. includiag attorney'a fees, reesonably incnrred or pAid st sny time by said party a~ the secoad patt, ib ancoe~wn, le~al representstivea or i~asigas, because af the failnre on tbe psrt ~ the ssid parL..~C__ oi the iirrt part, ~tsL sae~or~. le~al representstives or assigns, bo perlorm, oomply with and abide by each and ev~ery stipulation. agreement, oondition and covenant oi said promiswry iwte and this deed, or efther, and every such psy- ment sLall besr interest irom date st the rsfs oi 8 Peroent, l~er sanam. To permit, ooma?it, or snifer no waste, impairment or deterioration of esid property or any part theread. . b. To periorm, oomply with and ~bide by each and every the atipnlations, agreements, oonditions snd oovenanta in said prnmissory note and in this deed eet iorth. ~ • . 6. It sny ad asid anms oi money herein referred to be not Promptly and tnlly psid wIthin 30 dsys nest after the same aeverally beoome dne and psyable, or ii each snd eveiry the stipdwtiona, agreements, oonditions and oovenants of ssid promiesory aote snd t1~is deed, or either, axe isat dnly pertosa~ed, oomplied with and abided by, ti~e aaid sggregate anm men- tioned in said promissorq note, ahall beoame dae and payable forthwitb, at the option of tbe garty o? the seeond ~psr~ its wooedo:'s. 1eg~?1 i'ePreaentativw or aaaigns, aa inlly and completety es ii tLe~aaid aggregate snm of ~=100.00 or the advanoes hereEo~fore referred ta was originallp etipnlsted to be peud on sueh dsy, anything in said promiasory note or notes later to be euecated and s~ecnred hereby, ar hezein, to the oontrary ~otwifhatanding. 7. To keep tbe bnildinss naw or hereafter on said lands insnred in tbe aam not las thsn ~65,000.00 dollara in s eompany or oompaniea to be approved by !he said party oi ~thr aecond psrt, ita sncceseora, legal representatives or aasigns, snd ia tbe event any sam oi money beoomes payable nnder sneh policy or policies, the said party of the second part, ita aac~ssore or assigns, shall have the option to receive and appiq the asme on aeeonnt oi the indebtedneea bereby eecnred or to permit ~khe psrties of the iirat psrt to receive and nse it, or auy part thereof, for ather pnrpoees, witLont thereby araiv ~ ing or impairing any equitp lien or right nnder or by virtne ot this mortgage and maq plaee and pay for snch insurance or any psrt thereo~ withont wsiring or siiecting the option to foreclose or any right herennder and each aad every such payment shall besr interest at tbe rate ad 8 Percent Per annnm irom dale. . 8. In the event it beeomes necessary to foreelose thia mortgag~e, pai{ies of the first. part agree bo ihe appointment of a receiver, to oon~erve the rents and grodita securing from or derived imm the above deacribed pmperty. has caused theae presents to be signed in its naine bgt. i~s l~~~ts ,~~o~rPoraze-$ea o e a xe ereto t e daq and year f~q~~~~ ~n~ .r ,R..ss~~~NS~~~ . ~ ~ ~.1~ ~~:~~r~o~j signed ae~led ` •vered in the resence of: ' ( I~y r ~ : ..=!~'.c~ ` _ - • ~ f s.: . = ~ . ~ : -:r/ Y~~`= - r ~ ::~=!0~?~ ~~.t,. ~ t 4 ' , ~ ~ p , . BY: c~, , F ~ . : Pre ent , f. . :-.t~t dd S~~'~ 1 ~,~-``S..`~~`;j~ , . ,~~~^s,~~''. ~~86 ~ 195 - ~_e` - _ - _ _ . _ - ~ . - . .