HomeMy WebLinkAbout2424 ~rp~t~p~t ~llttl~ll~~. that if sai~ .1Kort~ct~or shalt pay unto the sa-id JKortgagee
the certain promissory note, of' which the follo:uang in words and ~tgures is a true copy,
to tuit:
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anc~ shall perfo~m, complJ u~ith. and abide bJ e~ch and eL~ery the stipulations,
agreements, conditi,on.sr and covenants of said promissory note dnd of this deed, then
this deed and the estate hereby created shall cease and be nult Qnd void.
~
, ,t~t1~ the said Mort~agor hereby covenc~ccnts and a¢rees:
~
~ .1. To pay all and sin~ular the prineipal and interest arui other sums oj money
~ payable by vi.rtue of sc~id promissorJ n.ote and this deed, or either, prompGlJ on the
days respectively the same severally co~ne due.
~ Q. To pay all and sin~ular the tares, assessments, levies, liabilities, obli~ations
~ a~r.d encumbrances of every nature on saui described property each and every, and
if the sacm,e be not prnmptty pcud the sdid .Mort~'cz~ee may at any time pay the sacm,e
without waivin~ or affecting the option to foreclose or any ri~'ht hereunrler, and every
~ pcayment so ma,de shall bear interest from t,he date thereof mt the rate of
per cent. per annum.
; ?'o pay all and sin~ular the costs, Cjl(1T~P,4 and expenses, including lawyer's
~ fees, reasonably incurred or pcLid at dny tim,e by sctid .1Kort~dgee becciuse of the fculure
~ on the part of the said JlTort~'a~or to perform, compty with and abide by each and
~ eaery the stipulations, ct$reementS, conditions and covenctnts of said promtssory note
~ and this deed, or either, ccnd every such payrrient shall bear interest from date at the
~nte of 7 per cent. per ctnnum.
~ ' ~
~ To keep the building now or hereafter on. said land insured in c~ sum. not
k~ less th~sn FIVE T~OUSAND AND NO/100 ($5~00.00~-------
~ Dolla~s, zn a company or companies to
~ b~ approaed by sa,id JKorE~d~ee, arad ~he poliey or policies held by and payccble to sciid
~ .1Kort~a~ee, and in the er~ent any sum of monoy beco~nes pdyable under sucle policy or
~ polieies, the .Kortga~ee shall have the option to reeeive and uppty tlie same on account ~
~ of the indebtednesa hereby seeured or to per~nit the .Mortgagor to receive and use it, or j
~ any part thereof, for other purposes, without thereby waiving or impa.iring any eqwity !
~ li,en or righ~ under or by virtue of this mort~a~e, and may pldce dnd pay for such '
~ in.aurance or any part thereof, urithout waivtn~ or ca~'ectin~ the option to foreclose or
~ an~ right hereunder, and each and every Sueh pa.yment shall becir interest from date
~ at the rcate of 7 per cen~. per dnnu~n. ~ Q ~ry
~07 FAGE2~~,J
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