HomeMy WebLinkAbout2044 ~
and ahall duly. pmmptly and fully pedorm, dischsrge. execute, effect, complete. comply wtth bnd abide Dy esch
aad every the atfpulatlw~, a8reementa. conditions and covenanta oi aaid prnmissory note and of this mortgage.
thea thls mortgage and ths estate bereby crested shall cease and be aull and void.
It is w~derstood that each ot ths word~. •'note,•• "mortgagor" and "mottgagee" reapecUvely and the pmn-
ouns refetring theretq whether In the dngul~r or plursl anywhere in thfs mortgage. shall bs aingular it one ody
and sball be plural ~oinily and severally. if more than on0. and shall be maacuW?e. teminine and/or neuter, wher-
ever the oontext w imp8es or a~dmlts.
And aaid ][ortgegor !or himself an3 his heir~. legal npreaentaUves. aucceseors and asalgns, hareby oovea-
anb aau agrees W aad arlth ~sid Mortgagee. his legal representatives. succeasors and asaigns:
1. Zb pay all aad dngular the pr[ncipal and lntereet aad the var[ou~ and sundry aums ot money payable b~
vlrtus of ssid pmmfiwry nots, sad thi~ mortgage. each and everY. PrompUy on Lhe days respsctively the same
~everally beoome due.
Z, 11p p~,y all sad aingular the taxea. ~seasments. IeWes, liabilities. obllgatlons and incumbrances of ever~
j natare and kind now on said described property. and/or that hereaiter may be imposed. suftered, Pluced. levied
or aaeeased thereupon. aad/or that hereafter may be lev~ed or assesaed upon this mortgage and/or the indebted-
~ aess secund herebq. each and every. when due and payable acoording to law, before they become deliaquent,
E aad befon any interest attaches or any penalty is incurred: and in so far as any thereoi is o! record the same
~ sZWI be pivmptly astiatied and discharged o! record and the original of~cial document (auch as. for instance,
r the tax re~xipt or the aatiafactioa paper oMcially endorsed or certifiedl shall bo placed in the handa ot said
{ Hortgagee within ten days nest atter paymeat: and in the event that any thereo! is not so paid, eatisfied and
€ discharged, eaid Mortgagee may at any time pay the same or any part thereof without waiving or affecting
~ any opti0n, lten. equlty or right under or by virtue oi thfe mortgage, and the tull amount oi each and every
~ wch payment ahail be immediately due and payabte and ahall bear interest from the date thereot until paid
at the nte o! ten per centum per annum and together with such intereat ahali be aecw~ed by the llen of thi~
mortgage.
a. To plaoe and continuoualy keep on the buitdinga now or herealter aituate on aaid land 8re and windstorm
~
~ . instirance in the usaal standard poUcy form. [n a sum not less than i•-•.......I`(._L2-M-e--••--•-•-_---------------- in auch com- ~
pany or comp~niea as msy be appmved by aaid Mortgagee; and ell auch inaurance poUcies on aay of said build-
ings. aqq interest therein or part thereol. in the aggregate aum atoresaid or in excess thereof. shall contain the
usual standard mortgagee clauae making the losa under said policies. each and every, payable to aaid Mortga.
gee aa his interest msy appear. and each and every such policy shall be prompUy deHvered to and held by eaid
Mortgagee: and. not less thau ten days ~ in advance ot the e:piration of each policy, to deHver to aatd Mortgagee
a renewal Wereof, together with a receipt for the premium ot auch renewai• and there ahall be no such insur-
ance placed on any ot eaid buildings, aay intereat therein or part thereof, utileas in We form and wlth the loe~
payable aa atoresaid; and in Uu event any aum of moneq becomes payable under auch poLeq or pollcies asid
li[ortgagee shall have the option to receive and apply the eame on account o! the indeDtedneas eecured hereby or
to permit said Mortgagor to receive and use it or any psrt thereof for other purposes ariWout thenbq waiving
or impairing any equfty, Hen or right under or by virtue of thia mortgsge; and in the event said biortgagor ahall
~ for any reaaon fail to keep the said premi~ea so in~ured. or tail to dellver pmmpUy any of sald policies of
~ insurance to aaid Mortgagee, or lail pmmpUy to pay fully any preraium therefor. or tn any resPect fail to per-
form, diacharge. execute, eftec~ complete, comply with and abide bq thfs oovenant, or any part hsreof. aaid Mortg-
~ agee may place and pay for euch insuranoe or any part theraoi without walving or atfecting any option, lien,
equity or right nnder or by virtue of this mortgage, and the fuU aq~ount of each and every such payment ahall
be lmmediately due and psyable and ahaU bear Interest trom the date thereoi nntil paid at the nte of ten per ~
~ oeatum per aanum aad together with such lnterest shall be secured by the llea o! thli mortga8e.
~ 4. To permlt~ commit or sufter no waste. impairment or detedoration of sald property or sny Part thereo!•
6. To pay all aad dngulas tbe costs. chargea and expenses, including rea~onaWe lawye~~ leea snd cost o!
~ ab~tracb of title, incurr~ed or paid at aay time bq ~ald M~rtgsgee becawe and/or in the svent of the tatlurs
~ ao the patt ot th~ said f[ortgagor to dWY. Promptly and tully psKorm. di~cbar8e. e~cecute, eltect. completer
ootpply with and abide by each aad every the atipulstlons. agreemenb. conditlon~ and oovenanb of ufd promlt- ,
wry note. atd this mortgage~ any or elWer. ~ad aafd cos4. charge~ aud espea~ea. each aAd every, shall bs im-
~ medi~. tely dus and paysble. whether or not thers be notice. deznaad, stte:npt to collect or ault peading: and ths
fWi a.~nawt of each and erery sucb payment shall bear interest iroen t~s dat~ tDsreof untll patd at the rste at
tea Pec ceatum per annum: aad W aatd ow1~. charBea +nd esPeaw ~o facureed or paid, ta~et~r with web 1n-
t~rwt, s~ail b~ ~scut+ed by tb~ lim o! Wa mostgags.
• 6~OK 1~72 ~YV
,
~ : _ ~ ~ a
~ ~ ~
~ ~~~x y~ ~a ~ ~ ~ 1 =
~
_ ~
~ ~ _ ~
_ ~,~~~~t ~