HomeMy WebLinkAbout1895 ~ J, To ay adl and iin~ulor tJ~e oa~t~s, clwr~s and ex~uensas. iacludin~lorc~e~t
faa~, ~ruo~~b~j/ i~cur~rd or.poid ot a~y time byruul .~'ort~u~er becaure of f fatluw
aa tha of the aaicl .~Vortga~u~ to ~erform, com~l~/ wuK und ubic~e by c~uch and
euer~/ itikulat~ona, cQnnditi~o~es ptt~d ~wa~t~ of ~ca~ proiNi~xory noteund thia deec~i~
or eather, and vuary ~ucla pa.~/me~ ~all bcar iatereit from date ut tlee raee nf •ix
(6%I p~ o~. x,s~ c~um. , .
To keep tha build in~ nou~ or her~aJ~er on said land insi~nd ia a 8um not le~s
~lutri full insurable valu~ dollars, in a compan~y or companie~ to be
approved ly/ aaid .hfort,~a~ee, and tli.e poli,cy or policiea held b~ and pa~/able to 8aid
~,~lfort~a~ee, and i~ the event a~eb su~ of nwned becon~.eu ~able under s:sch polic~ ar
policr,es, the. Jlfort~a~ee shall hcwe tlie option to receive and cc>>pl~ the xun:e on account
of the indebtedness herebJ~ Recici~ed or to ~uerniit the .Murl~a~or to »eceive a»d tcse it, or
c~y p~a,rt thereof, for other pr~rposea, withou.t t/cereby uxiavcn,~ or in:~pairing nny eqtcit~J
l,ian or ra~ht under or ~i~/ virtue of this mort~'cc~e, and ntay place ~n,'d puy for such -
ansurance or anJ part thereof, without uxciui~a~ or cc~ectin t/ce optio~c to joreclose or
any ri~ht he~eun.~er, a~d euch and ever~ such ~cymeaE .4 bear ~ntere~t frnn~ c~it~ ~
u,t the ra,te of six (696) per cent: per annum. .
6. • To . per~ni~, eo~n~nit or. suffer no wacste, impairnLent or deterioration of sccid
P~F$~1 or any pctrt thereof.
6. To perforhn, compl~/ with and abiale bb ea,ch and every the sitpulactiona, agnee~-
inent,s, eond,itions und co~ena,nts in said prorrzissory note and in this deed set forth. _
7. If a,rab of said sums of money herein referred to be not prnmptly and fully paid
u~ithin fifteen (15) c~rys ne.zt after the same severally become dree and payable;
or if ectch mnd ener~ ~he Stipulactions, cc~reements, coRditions and covenants of Said
prnmissory note arad this de~ed or either, ar~e not duly perfur»zed. co~nplied with and
u,bided by, the said cc~g~'re~acte surn mentioned in said prnmissory note shalt becom,e
due u.nd payo,ble forthtvith or thereafter at the option of the JKort~'a~ee as ful~ and
eomplete~j as i t,lie aa,ic~ ag~re~ccte surn of Six ThouBand Three Hundred ~ifty-
and 75/I00 (~6, 366.75) ~~Cars wcts orc~'inally stipulated to b8 paid on such day, -
mnythin~ in said promissory~note or herein to the contrn~ry notwithstcandin,g ~
8. TLe Jlfort~a$ee mc~y, at a~a~/ tirne while m suit is pendin~ to~oreelose or to reform
t
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a~s or to ere
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J~ clain~s ar~si~i~ haneunder, aPPI~/ to t/r.~ court h,a,van~
juriadictsoa thereof for the appoint~nent of a receiuer, arid auch court s h a l
l for
W h.
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tzppoint a r~eceiver of th~ preiniseB and all other ~,rnpert~ covered here b~/, includin~ all
. ~nd a{,~.~u~lac~• tlu inco~ne, ~ pro~i~s, rerats, isau~;a and revenues frorrz wicatever sotcrce de-
ri~d, and such receiaer ah~zll hat~e [tll the brnad and effective functions anc~ power8 in
ar~.~oi.Be ent~rusted b;/ m cou,~t•to a ncPivera~such ap~uointment shall be nuuie by sr~,eh
~ou,rt c~s am ad~nittcd epuit~ and a matter of ctbaolute ri~ht tn Sa,id JKort~m~ee, a,ud '
witliout refenenca to the adequacy or inadequacy of the. value of the praperty niort-
,~a~ed or to the solvene~/ or in8oluene~ of sacid :Mort~ac~or or the defendants, a,Rd stcch
iACOnu, prnfits, n~eta, r~sauea arid rever~ues shall be a pplie~ by sucla receiver ar,cordia~
to t,~ie li~n of this mort~B and the pr~r,ctica of such court.
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-.~ri ~t~tiP~B ~~pl'PAf. th.e said .~lfort~a~or hereunto s~ts his hacnd a.nd
seccd tlu day and year ~»t abova wrttten.
S• 3ealed aad Delivered in Preeence of:
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_ e~K 186 PAGE 1~
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