HomeMy WebLinkAbout1324 l. To pay aU and iinQular ihe prixaipai wid intereat and otller auma o~ money payable by
virtue oj aaid promisaory ~aote_.and thii dsed, or either, ~nuy on t~ aay: +~ea~active~y tke
same sevsraUy become dw.
t. To pay all arui sin~xlar t~ke ta~a, auea~n~enta, ~SViss. Iiab~itiaa, obii~aLiona, and e„o~em-
brancea o~ every natxre on aaid deacribed property. eacll and every, a~d iJ the aame bs riot proMp~
IY paid tlas said ~[ortya~se~, hi a k.:n, leDai r~preaeritatives or as+iD'~, ~f? at a~qi ~
~
time pay tAe aame urithout waivi~tp or aJJ~c~in~ the optiox to ~oreclose or any ri~rllt lkereunder. ~
and ~nery paymcnt ao mads ahail bear intereat ~rom ihs data tl~ereof at the rate o~ten
cent. per ~aaa~.
1. To pay aU and ainyular the eoata, cAar~ea and expsriaes, includin~ lawyer's feea, reasoa-
ably ineurred or paid at any ti»ee by aaid MortQa~se_, hi e 1~:~, leyai rapreaarita~ivea
or aaaigna, beeau.ie of the ja~ure ox t,hs part of tlas aaid Mortpagor~ th~ir ~
reprsaentativei or aaai~~a to P~"~~. ~f?~Y ~oith and abide by eaeh and every the atipwlatio~raa,
a~reementa, cenditiona and cov~anta oJ aaid promiaaory notet_ ond thia deed, or either. and
svcry auch paymsnt alrali bear intereat from data at t~la rate of per cent. per dtatwx.
To keep the bu~din~s aow or herea~ter ox aaid land inswed ix a aum not ieas than~
_,~1 Qh~t
TnA~~rarie Value of Pro~erty n~~, ix a~pQny or co~~pa.»ie~
to be approved by aaid Mortpagee-, and t11e poiiey or polieisa held by and paYable to aaid Mo*t-
ga9eC--, h~B 1~s, ~al repreeentativea or asaiy~u, a»d in t,ha avent
any aum of money becomea payable under tt~cat Po~icyl ~ P~~+, ~~~9~a~,
h 1 s keira, iegai repreaenta#itiea or aaaigna, ahaII lra~ve t.hs aption to receive and
appty the same on account of ths indebtednaai llereby secured or to perniit tTie Mort~ayor
s to
receive and uae it or any part thereof jor other purposea, without tliereby waiviny or impairinp
anY e4~Y, lian or right under or by virtus of thia mortgage, and may place a~nd PaY 1or suck
i~surance or any part thereof without wai~riny or af
f
eetinD tke option to f
ortctoaa or any ri~kt
hereu„der, and eaeh and ~rery auek payme~t s11aU bear intere,st from date at the ra#s of~sn
j per eenk per a~aaan.
j - 5. To permit, commit or aujJer ~no waate, impairment or dateriorat~io~t of said property. ox any
! part tl~reoJ. -
t
~ 6. To perform, comply aoi#h, and abida by each and every ths atiindatfona, agreament~, con-
; ditiona arui eovananta in aaid promiasory not~, and in tkis deed aet forth.
€
; 7. If any of aaid suma o~ money herain rsfsrred to bs not promptiy a~ul f~Y P~ ~x
~ f i f t e en,~,.ya next af
ter tl~s same senernlly become due and payabk, or ij ~ck arrd svery f~ke
~ atipulations, agreementa, conditioraa and eovsnaxfa of said promisaory note and tjiia deed, or
3
~ eitl~sr, are not ~ully performed, eompli~ai witk and abuied by, f~ia aaid ayyrapa#e au~n mentioried
; in aaid promissory note_ shali baeome due a~ed payabls forthwitk or thereafter at tJ~s option of
~ the Mortgagee-, hi a lk.rira, 1~a1 repr~acnta.tivea or uaai9'?W, aa f+~Y ~~P~~Y
~ aa if the aaid a~Qreyats aum of ive Hundred Sevent and no/100 ~~,e
~ (
; oriyinaUy atipulated to be paid orT ~~~day~ ythir?~ in aaid promiaaory »ote_ or herein to t~ke
contrary noturithstandi~ty. _
i
IN WITNESS WHEREOF. the aaid ~lortga~or~ e 1ur~~ aQt the 1 r
s
hand e and ae~lu day and y~ar firat above ;orit~en. ,
~ Siy , i~aled and erui i encs oj ua: 7~{~ c..9-- /(Seal)
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