HomeMy WebLinkAbout0174 ~r~Ut~p~1 ~I3UM1~8. that if aaid JKort~a~or shatt pa.y i~~ito the aaid Jlfort~a~ee
the cert,ain prnmisaory note, of which the follounn~ in worda and ~it~ures is ac true copy,
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anc~ shall perfo~m, co~nply with and abide by e~ch and euery the stipulations,
a~'reements, cond.itions and covenants of said promissory note dnd of this deed, then
; thi,s deed a,nd the estate hereby created shall cea„se ared be nutt and void.
.t~ltl~ tlie said Mort~'agor heneby coaenants and cc~rees:
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~ .1. To pay alt and sin~ular the princLpal aru~ interest and other sums oj money
~ payable by virtue. oj said promissorrJ note and this deed, or either, promptly on the
~ days respectiaely the same severolly come due. -
! t. To pay all and singular the taxea, as8essments, tevies, liabilities, obli~ations
~ and encum.brances of every nature on aaid described property each and eaery, and
if the same be not prorr~ptly paid tlu scud JKortgm,~ee may cr,t acny ti~ne pay the sc~m.e
without wctivin~ or affectin~ the option to foreclose or~ a,~ty rc~ht hereunder, and every
pccy~nent ao rriade shalt bear interest from tlre dcLte thereof at the ra,te of
per cent. per annum.
?'o pay ali and ain¢ular tht costs, Cjl(1TgP,4 anri expenses, includin~ lawyer's
fees, rea~sonably inc~rred or pczid at any time by sa,id .JKort~c~gee beccause of t,he faiture
on the pcLrt of the Said .~Kortgct$or to perfor~n, corripty with and a,bide by each and
every the Stipwlation8, aj'reements, cor~ditions dnd coaenants of said prumtssory note
~ and thi,s deed, or either, a.rid every such pa~ym,ent 8hccll becir int6rest frnrri date at the
- na?,te of 8 per cent. per dnnurra. .
~ To k`ee~ the buildin now or hereaJter on said land in ured in a sum not
~ teas than T~~ THOUS~D SEVEN HUNDRED FIFTY A~iD N0~100----
~ ' ' Dollars, in a corripany or companiea to
b~e mpprnved by 8a,iad Mort¢a~ee, dnd ~he polic~ or policies held by and payo,ble to said
.Mortgac~ee, and in the event dny surri of mon~y becomes payable under 8uch poli~,y or ~
policiea, the .1Kortga~ee sha,ll have the option to receive mnd apply th.e 8ame on account
of the indebtednes8 hereby secured or to per~nit the Jlfortgagor to rec~ive a,nd :cse it, or
~ any part thereof, for other purposes, without thereby wa,ivin~ or irripairin~ any equity
lien or right under or b~ virtu6 of this mort~ci~e, arid ~ru~ pla,ce dnd pay for auch
irsaurccnce or a.ny part thereof, taathout wairrin~ or m~ectin~ the option to foreclo8e or
a,ny ri~ht hereunaZer, and each and every such pa~ment 8hall bedr intereat frorrz dccte
czt the rate of $ per cent, per annurri.
~ dooK 1~$ enCE
174
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