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HomeMy WebLinkAbout2667 . 1. To pay aU and ainyular the pri»cipal a~td intereat and other suma o~ money payable by virtue oj aaid promisaory nota- and thia deed, or eithar, promptly on the daya reapectively the aame sevtraUy become due. 8. To pa.y alI and aingular the tazea, aaaeasmenta, leviea~ iiab~itiaa, obii~ationa, and eneum- brancea of evcry nature on said described property. eack and every, and iJ the aame bs not prompt~ ty paid the said Mort9ayee_, her ~ea~a, leDal repreaentativea or aari~~a, may at any time pcy the same without waivinp or aJfaetinQ the optiofa to forectoae or any riDht hereunder. and every payment so maie ahali bear i»tereat from ths date thereof at the rate o~~~per cent. pcr afa~s~m. 1. To pay aU and aingula.r the coata, charyea and expenaea, including tawyer's fsea, teaao~t^ ably incurred or paid at any time by aaid Mortyagee_, het'~hclra, Zagal repreaeittatives or aasig»a. beeause of the fas~ure on ths pa.rt of the aaid Mortyagor~ their kriri, ~y~ repre8entativsa or aaai~na to per~orm, comply with and abide by each and every the atipulatio~a, agreementa, eonditiona and eovenanta oJ said promiaaory note_ und thia deed, or either. and evert/ st~ch payment alaaal bear intereat from data at tha rate of~2 per cent. per artntcm. 4. To keep the bu~dinga ~ow or hereaJtar an aaid land inaxred in a aum not leaa than Hiaheat Inaur~lle Value of Propertv noUars, in a company or companiea to be apgroved by aaid Mortgagee_, and tht policy ar policies held by and payabls to aaid Mort- ga,gee~, h~r heira, l~~al repreaenta,tives or asaigna, and in ths event any sum of mone~/ beeomea payabie tatder auch policy or polic:ea, the MortyaQee_, her heira, iepai repreaentativaa or aaaig~a, ahdl have the aption to raceive arui ap~ly the same on account of the indebtedneaa hereby aecured or to permit the Mortgayor~ to receive and use it or any part thereof for other purposes, withou~t thereby waiving or impairix~ any equity, lien or right u»der or by virtue of thia mortgaye, and may place and paY for atteh inaurance or any part thereof withwut wai»iny or affecting the option to fortcloae or an~ right hereunder, and each and every aueh paymant ihaU bear interest from date at the rata of ten f per cent. per annur~c. ~ 5. To per»eit, commit or auffer no waate, impairment or deterioration of said property, or any ~ part thereof. ~ ~ 6. To perjorm, comply with, and abide by each and every the atipulationa, ugreementa, con. 0 ditiona and eovenanta in aa.id pro~niasory nota_, and in this deed aet f orth. ~ C ~ 7. If any of aaid auma of money herein rsferred to bs not promptly and fully paid ~within ~ fifteen .~ya next after tl~ aame asneraliy beco+ne due and pa.yable, or ij ~ack and every t]Its ~ ~ atipulationa, agrecmenta, eonditiona and eovenants of aaid promiaaory note and thia deed, or ~ ~ either, are not f uUy perf ormed, eomplied ~eoith and abided by, the aaid aQ~reyate aum mentioned ~ in aaid promissory note aha11 beeorne due a»d payabie jorthwith or thereaf ter at tht optio~a o~ Q the Mortgagee-, her ~ra, lepai repreaenta,tivea or aaaigna, aa fuUy and comP~~Y Taenty-three Huddred Fortq and no/1 ~ aa if the aaid a~qyreyate_aum of ~1~ s wars_ ~ originaity ati~ulated to be ~aid on ~ay, an hing in aaid promisaory note_ or herein to the ~ contrary notwithatandiny. ~ ~ IN WITNESS WHER~OF. tl~.e aaid Mortgagror~ hav e h~~~tp aet-~S.~r ~y hand e~.nd aeal a the day and year jirat above ' t . ~ Sign~, a~aled and delivered in preaenee of ua: (Sed) '/q ` ; ~ ` ' . i ' t ' ' , ~ t ~ ~ - /,~~~1=~- cL ~~%/<<~11 ~ (Seal) ~ ~ ~ 6001(10~ PACE~,U~j _ /1rr~ /u~~niarr•~d f~r~~?~rrr•J l?y: R. L. ~~i{~„1. :.~.Box35-~43 ~ti=,miq~ F1~ ~ :tc%lrrcc - ; ~ , e.~ . _ . - _ .