The URL can be used to link to this page

Home My WebLink About0396 ~ ~ _ _ _ _ _ . , . ~ ~ ~ ~ - . , . _ ~ _ ~^~:~~~z»_~w~;w..~__r.-_» - =t _ AND the said Mortgagor hereby covenant and agree i~~ 1. To pay all and singular the principal and interest and other sums of ,money pay- able by virtue of said promessory note and thia deed, or either, promptly and d~ the days respectively the same severaQy become due. i 1 1 2. To pay aU and singular the taxea, le~•ies, liabilities, obligarions, and encutt~bcances of every nature heretofore or hereafter imposed, placed, levied or assessed on said` desccib- ed property for which a lien shall exist auperior in dignity to the lien of this mortgage, each and every, and if the same be not promptly paid the said Mortgagee may at any ti~me pay the same without waiving or affecting the option to foreclose or any right hereund' r, and - the amount of every payment so madc ahall bcar interest from the date thereof at t~e rate which said notc bears and ahall be secured by the 4en of this mortgage; th~ Morcg~or agrre to furnish to the Mortgage~ prior to April of each year receipcs for all ad valorem taxes paid by thc Mortgagor . 3. To pay all and singular the costs, charges and expenses, including lawyer'a f~a, r~asonably incurnd or paid at any time by said Mortgagee bccause of the failure on the part of the said Mortgagor to perform, comply with and abide by each and every the ~ stipulations, agreements, conditions and covenants of said not~ and this deed, or either, and the amount of every such payment shall bear interest from date at the rate which said note bears and shall be secured by the 4en of this mortgage. 4. To kcep the buiidings now or hereafter on said land insurcd against loss by fire in a sum not less than the amount of this mortgage from time to time outstanciing and un- paid, or the full insurable value of such buildings, whichever is lesser, and insured against loss by windstorm in such amount that the insured will not be a co-insurer under the terms of the poGcy. or policies, in a company or companies approved by Mortgagee , and the policy or policies held by and payablc to said Mortgagee ; in the event any sum of money beco~ncs payable under such policy or policies, the Mortgagce shall have the option to rcceive and apply the same on account of the obligation hereby secured or to permit the j Mortgagor to receive and use it, or any part thenof, for other purposes, without thereby ~ waivin or im airin an ui lien or ri ht under or b vircue of chis morc a e and ma ' 8 P 8 Y e9 tY> > 8 Y 8 8~ Y j - place and pay for such insurance or any part thereof without waiving or affecting the ! opaon to foreclose or any right hereunder, and the amount of each and evety such pay- E ment shall bear interest from the date thereof at the rate which said note bears and shall be securcd by the lien of this mortgage. ~ S. To permit, commit or suffer no waste, impairment or deterioration of said ~ property or any part thereof. 6. To perform, comply with and abid~ by each and every the stipulations, agrce- ments, conditions and covenants in said promissory note and in this deed set forth. 7. If any of said sums of money herein refened to be not promptly and fully paid ~ within thirty days next after.the same severally become due and payable, or if defautt in ~ any other stipulation, agreement, condition or covenant of said promissory note and this ~ deed, or either, shall remain uncorncted for thirty days after such default occurs, then ~ the said aggregate sum inentioned in said note then remaining unpaid, with accrued ~ interest and all other sums secured hereby ahall become due and payable forthwith or thece- aftcr at the option of the Mortgagee , as fuUy and completely aa if che said sums were ~ ori ' ally stipulatcd to be aid on auch da , an hin in said romisso note or herein ~ 8~ P Y Yt 8 P rY ~ to the contrary notwithstanding. ~ ~ ~ ~ 0~ ~ ~ 192 3 ~ 600R ~ ~ , , - - ~ ~."~~~,E~.~`,... ~ ~ ~"`~..f