HomeMy WebLinkAbout0219 If any sun~ duc hereundc~r be nc~t prc~mptly paid ~~~ithin t5 days nc~xt
after same beromes due or if each and every thc~ tc~rms, stipulations,
COIICIIt10115 and co~•t~na~lts o! this ~1~ortga~e are. tiot full~~ perforiz~ed. coinplied
~•ith and abided by then the entire unpaid amount shall forthwith or thereafter,
at the c~ption of the Mortga~;ee, become due and payable toKether ~vith intere5t
at 1~°o per annum; anythinR herein to the contrary noh~~ithstandinK. Failurr
by the \tortRaQee to raercise any of the riQhts or options herein provided
shall not constitute a~vaivrr ui any rights or options under ihis mortgage
accrued or thereafter accrued.
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AND the said Vlortgagor for itself and its successors, legal rrpr~- !
ser~tati~•es and assigns, hereby covenant and a~ree: _
1. Tc~ pa}' a11 and sin~ular the taYes, assessments, levies, liabilities, obli-
gations, and encumbrances of every nature on said described property, each
and erer~•, and if the same be not promptly oaid the said MorigaKce, its
successors, legal representati~•es or assigns, may at an~r ti?~~e pay the saiiie ~
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~rithout ~rai~•ing or affecting the cption to foreclose or any right hereunder, -
and e~•ery payment so made shall bear interest from the date thereof at the
rate of 15°'~~ per annutl~.
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~ Z. To pay all and sin~ular the casts, charges and eapenses, includinK ~
i la~t•yer~' 2ees and c~~urt .•~~sts reasonably incurred ~r paid at any time by
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~ ~aid ~iortga~ee. its ~uccessors, leRal representatives or assi~ns, beeause
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~ of the iailure on the part of the said Mort~agor, its successors~ legal repre-
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~ sentati~•es and a=signs, to perform, comply with and abide by each and E:very
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~ the stipulations, aKreements. conditions and covenants of this deed, and
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~ e~~ery such payment shall bear interest from date of payment at the rate of
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~ 1 per annum.
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' 3. Tv keep the buildings now~ or hereafter on said land insured in a sum not
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less than the HIGHEST IN5URABLE VALL'E, in a company or conipanies tc~
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be apprc~ved b~• said Mort~a~ee, and the policy or policies held by and pay-
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- able to said M~~rt~agee, its successors, le~;al representatives or assi~ns and
' in the event any sum of money becomes payable under such ~olicy or policies,
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