HomeMy WebLinkAbout2118 and absll perform, c~npbr witb and abide by e~ch snd every the 'stipnlationa, agreementa, conditions and
covensnt8 of said promissory nots , and of this deed, then tbia deed and the eetate hereby creatsd ehsll cesse
and be nnll and void. . -
Axn the asid Mortgagors ior themselves and their heirs, legal repreeentatives snd asaigna, hereby cove-
nant and agree: ~ .
1. To pay sll sad aingaL~r the prindpal and intere~t and other suma oi money payable by virtue o! eaid
prnmiseory note and thia deed, or either, prompt~y .on the daya reepective~y the eame several~y oome . dne.
To perform, comp~? with snd abide by e~ch and every the ati~iulations, ag~r~eements, conditiona and oavenaate
in eaid promiaeory note and in this deed eet forth. ~
2. To pay all ~?nd singular be~fore tLey become delinqnent, the tazee, aseeeamenta, levies, liabilities, ob-
' ligations and enceimbrances at every nature on esid de$cribed property ~ch and every, s~d if the same be
4 not prompt~y paid the ssid Mortgagees may at any time pay the eame without waiviag or aSecting tbe
` option to forecloee_ or~n,p right herennder, and every payment so made ahall bear intereet ~rom the date
~ thereof st the rate oS . 8 per o~t pe~ annnm. ~ - ~
S. To pay aU and singular the oosta, chsrges and e~cpenaee, inclnding lawyer'a ieee, reasonabbr incnrred
or paid at any time by aaid Mortgagee+a becauee ai the failurs oa the part a~ tbe esid Mortes6'a~8 to~ pe~torm,
comply with and abi~ by e~h and ev~y the st3pnlations, ag~reementa, condi~iona aad covenant8 a[ eaid
prnmissory note and tbis deed, or eith~, snd every anch payment ahall benr interest irom date tberea~
at the rats a2 8 per cent per annum.
4. To keep the bnilding now or bereaiter on said land ina~ued in a amm ~at leea tban
Dollsra, in a company or companies to be apprnved by said Mortgagees, and tbe pol~cy or policies held b~
and payable to said Mortgageea, and in the event say sum of money becomee payable under auch policy or
~ policiea, the Mortgageea, ehall hsve the option to reoeive and aPP1Y tbs asme on aecount a! the ~indebtednees
~ hereby eecured or to p~rmit the Morkgagors to receive and nee it, or aqp part thereoi, ior other purposea,
without thereby wsiving or imP~irin8 anj? equity liea or right nnder or by virtue of t]iia mortgage, and msy
place and pay for anch insurance or a~? part thereod withont waiving or aSecting tbe optton to lorecloee or
any right hereunder, and esch and every snch p~ayment aball bear intereet from date o~ paymsnt at tLa rste
of 8 per oent per annum.
6. To permit, commit or suSer no waste, impturment or deteriorstion a! 8aid prnperty or a~y psrt
thereof. -
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