HomeMy WebLinkAbout0717 ~rouidcd ~tu~~tys. tJuzt if sair~ .~lfort¢a~o~ shall pay icnto the scaid Jlfort~a~Pa
the certain prvniisaory note, of rohich. thee folloivin~ in tvords and ~+?~ures is a true copy,
to wit:
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ond shalt perjv~m, complJ rcith and abide by e~ch and eLery the stipulations.
agreerrcents, conditions and coi•endnts of said promissory nofe and of this deed, th.en _
thia deed and the estcite hereby creacted shall cease and be nult and aoid.
,~it~1 the said .hfort~a~or hereby coverucnts and d~ees:
: ~
.1. To peb all and sin~ular thP principal an~l interest and othPr sums oj money
payable by z.~rtue of said promissorJ n~t~ a»d this deed, o~ either, promptlJ o~r the
~iaJs respectively the sam~ sei~eral[y come due.
To pay all and si~a~ular the tax~s, ass~ssm.en.ts, lei~ies, liabilities, ~?bli~ations
and encuntbra~aces oj et?erJ n.ature on. said des~~ribed pro~•ertJ each and every, a~ul ~
i if the same be not prorrcptly paid the scud .hfort~a~ee may at any tim.e pay the same ;
without waivin~ or affectin~ the option to foreclose or any right hereunder, and ez~ery ;
~ayme~at ao rrECrde shalt bear interest from tJe,e date thereof at the ~te of E ight and an
• per cent. per annum,. ( 8z ) ha f;
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7'o pay a11 and ain~ulor tht costs, chargP4 and expenses, includin~ law~e~'s
~ fees, reaso r
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~ on the pacrt of the said .hfort~a~or to perform, comply uzth. and abide by each and ~
~ every the stipukcti,ons, a~reem.enta, conditions and coz~ena~~ts of said promissory note ~
and this deed, or either, and every such pccyment sluall bear interest fro~n date at the ;
rate of 8': per eent. per dnnum.
~
I~ To keep the buildin~ nouj or he~eajter on sairl land insured in a sun~ not
leas than ~utstandin~ balance of the mort gage
Dolia~s. in a company or conipanies to
; be apprnved by aQid ~lort~a~ee, and the polic~ or policies held by and pc~yable to sdid
~ Mortga~ee, and in the eaent ccny surn nf monoy bPcomes payable under such policy or
F policiea, tli,e .~lortgac~er 8h.a,ll iaave the option to reeeive ccnd apply the sam-e on aceou,nt
~ of the i»debEedneBS hereby gecrared or to perrnit the Jlfortgagor to reeeive and use it, or
~ any pctrt thereof, for other purposes, without t/tPreby re~aiving or im~irin~ any eque-ty
~ lien or right under or b~ virtu.e of this mort~a~e, and mcr,~ place and ~ y for such
~
~ insurance or any pa•rt thereof, without u~divin~ or affeetin~ the optio~a to foreclose ot
~ ctny rz~ht hereunder, arui edch and every ~uch payment shall bear intereat fro»a date
I cLt the rute ~f g~ per cent. per aRnu~n.
, aoo~193 .716 ' ~
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