HomeMy WebLinkAbout2677 .
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1. To pay al! and ain~ular the principal and intcrebt and other auma oJ money payable by
virtue of said promisaory note- and thi~ deed, or. either, promptty on the daya reap~chvely the ;
same severauy becor.ts due. ~
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8. To pay all and aingular the ta~ea, aaaeaamenta~ leviea, ~iabditiea, obli~atiana, and encum- ~
braneas oJ every nature o~t aaid deacribed property. each and every, and ij ths same ba not prompt- `
I iy paid the taid Mort its ~~~~yaQ~~preae~ativea or aaaiQna. may at any
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time pay the same without waiviri~ or afJectinp the option to jorecloae or ~ny riyht Aereunder, ~
and every pa.yment ao made ahaU bear intereat Jrom the date thereof at Lhe rat~e ojL~~per ~
~ cent. per a~attan. t
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1. To pay a!1 and aingular the coata. claaryea and expenaea, includin~ lawyer'a feea, reaaon- ~
~ suGce s rs Y
nbly incurred or paid at any time by aaid Mortpagee_, its y~~~, ~g~ repreaextatiyw ~
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or assiyna, because oj the jailure on the pa.rt o/ the aaid Mortgagoa~, their ~eira, leyul ~
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; rcx?resentativea or aaai,~na to perform. eomplY with and abide by each arui every t1u atip~~atio~na, ~
j agreementa. cmiditiona and covertants oJ said promia8ory note and thia deed, or either. and
( every sueh payment ahali bear interest from date at the rate o
f fl ll2 ~er ccnt. per annun~.
~ 4. To keep the buildinga now or hereafter on aaid land insured in a atem not leaa than ~
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~ hi hest insurable value n }
~ g oUara, in a eompany or companiea +
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' fo be approved by said ltiiortgagee_~ and t1u policy or policiea held by and payable to aaid Mort-
' successors
9a9eC-. its le~al repreaenta.tivea or asaigns, and in the event
i any sum oj money becomea payable under auch policy or policiea, the Mortgagee_,
~ its successors
__.~otie~ legal repriaentativaa or assigna~ ahall have the aption to receive and ~
appIy the same on account of the indebtedneaa hereby secured or to permit the Mortgagor~_ to ;
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f receive and use it or any part thereof for other purposes, urithout thereby waivireg or impatiring *
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~ any equity. lien or right under or by virtue of this mortgag~, and ma.y plaee a.nd pay for auch ~
I ~ insurance or any part thereof without waiving or affecting the aption to foreclose or any ri9ht
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~ hereunder, and each and every auch payment ahall bear interest from date at the rate of 9 1 2
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j per eent. per annum.
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k 5. To permit, commit or sujfer no waste, impairme~it or dete~ioration of said property. or any ~
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~ part thereof.
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6. To perjorn:, comply with, and abide by each and ever~/ the stipulations, agreementa, cort- S
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e ditions and eovenants in sa.id promissory note._, and in this deed set forth.
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~ 7. If any oj said sums of »wney herein referred to be not ~rompUy and fully paid within .
~ days next af ter the aame severally become due and ~aya.bie, or if each and every the :
stip~eiations, agreementa, conditiona and eove»ants of aaid promisaort/ note_ and thia deed, or '
~ either, are not fuUy performed, eom.plied with and abided by, the said aggregate sum mentioned ~
~ in said promissory note_ shall beeome due and payable jorthurith or there¢fter at the option of
the Morigugee-. its uea~s rs
, gaQ representatives or as$igna, aa fu11y a»d compietely
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' ~ as iJ the said a TwPntv-Fi ~~A T ~ /
~ ggregate sum oj hnt sancLand OOTlOo---- ~oltara were ~
; ori,ginally stipulated to be ~aid on such day, anything in said promissory note- ar herein to the
contrary ~totwithstanding. ~
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IN T~'ITNESS WHEREOF. the said Mortgagor~, havP hereunto set_~
~ hand S Rnd seal S the day and year jirst aboue writ n. ~
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Signed aled a ~deliv in r r~ee of us: ~ Y (Seai) ~ r
: ~ ~ ' Lavo ~I . Butler
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. (Seal)
~ Ethel M. Butler ~
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~ ~ooK187 ~~E2676
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