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Home My WebLink About0592 . ' i E 2 ~ ~ Z 1 t ~ and shall duly, promptly and tully perform, discharge, execute, etfect, complete, comply w~th and abide by each and every the stipulations. agreementa, condltions and covenanta of said promissory note and of Lhia mortgage, thea this mortgage and the eatate hereby created shall cease and be null and void. IL is understood that each of the words, "note; '"mortgagor" and "mottgagee" respectlvely and the oron- ouna referring thereto, whether in the ainguiar or piural anywhere in thls mortgage. ahall be eingular ii one only and shall be plural jointly and severally. if more than one. and shall be mesculine, feminine and/or neuter. wher- ever the context eo impliea or admits. And ~aid Mortgagor for himseli and his heirs, legal representatives, auccessora snd assign~. hereby covea- snt~ ana agrees to and with said Hortgagee. his legal representativea, succesaors and sa9igna: j 1. To pay all and aingular the principal and lntereat at?d the various and eundry eume ot money payable by virtue of said promiaeory aote. and this mortgage~ esch and every. pmmptly on We days respecflvely ihe sama ~ eeverally become due. ! 2. To pay all and aingular the taxes, assessments. levies, liab[litiea, oblfgationa and incumbrances ot every nature and kind now on said described pmperty, and/or that hereatter may be imposed. suffered, placed, le~~ed or asaesaed thereupon, and/or that hereatter may be levied or assessed upon this mortgage and/or the indebted- ~ ness secured hereby. each nad every, when due and payable according to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and in so far as any thereof ia of record the same shall be prompUy satisfied and discharged of record and the original official document (auch as, tor inetance. ~ :he tax receipi or the satisfaction paper officially endoraed or. certified) ahall be placed in the handa of said ~ Mortgagee v~~ithin ten days next after payment; and in the event that any thereof is not so paid, ~atL~fied and 2 discharged, said Mortgagee may at any time pay the same or any part thereot vvithout wai~~ing or affecting F any optiOn, lien, equity or right under or by ~iriue of this mortgage, and the full amount oi each and every ~ such payment shall be immediately due and payable and sha:l bear interest from the date thereot until paid ~ at the rate of ten per centurn per annum and together with such intereat shall be secured by the lien oi this ~ mortgage. # 3. To place and continuausly keep on the buildinga now or hereafter attuate c+n said land fire and windstorm ~ V~LI@ ~ insurance in the usual standard policy form, tn a sum not Iess tt~an ih].qh~8t_...1Tl~SliXd~lef in such com- ~ pany or comp^nies as may be approved by said Mortga~ce: and all such insurance policiea on eny of said build- ~ ing~, any intere9t therein or pact thereof~ in the aggregate aum aforesaid or in exce9s thereof, shall contain the usual standard mortgagee dause making the loss ur.der eaid policiea, each and every, payable to said 1liortga- ~ ee as his interest ma a ar, and each and ever such l~c shaU be tom U delivered to and held by esid ~ biortgagee; and, not les9 han ten days in ad~~ance of the xe pi ation ot tach policy, to deliver to satd Mortgagee ~ a renewal thereof, together with a receipt for the premium o! such renewal• and ihere shall be no auch insur- ance placed on any of said building~, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid: and in the event any sum of money becomea payable under such pollcy or poUciea said Mortgagee shall have the option to receive and apply the same on account of ihe indebtednesa aecured hereby or ` to permit said Mortgagor to recelve and use it or any part thereot for other purpo~ without thereby waiving = or impairing any equity, llen or right under or by vfrtue of thia mortgage; and in the event said Mortgagor shall ,r;F for any reason fail to keep the said premises so Ir44ured, or fail to delfver prompUy any of said policies o! insurance to said I?iortgagee, or fail prompUy to pay tuUy any premium therefor, or in any respect fail to per- - form, discharge, execute, etfect, complete, comply w~th and abide by thia covenant, or any part hereof, eaid Mortg- ~ agee may place and pay for such insurance or any part therrof without waivin$ or aftecting any option, lien, equity or right under or by virtue o! this morigage, and the futl amount of each and every such paytnent ahaII = be immediately due and payable and ahall bear interest trom the date thereof unttl paid at the rate of ten per = centum per annum and together with auch interest shall be aecured by the lien of Ws mortgage. r; 4. To permit. cammit or nuffer no waate, impairment or deterlorsUon ot sald property or any part thereat• 6. To pay all and singular the coate, chargen end eapense~, inctuding reaaonable lawye~s fees and coet ot ~ i~ abatracte ot titiq incurred or pafd at any time by said Mortgagee because and/or in the event o! the fattura ~ - on the part oi the ssid Mortgagor to duly, promptly aad fullq peKorm. dlacharge, esecute, etfect, complete, ;j~ comply with and sbide by each and every the atlpulations, agreement~a, conditlons and oovenants oi aaid promis- ~ wrq note. and thls mortgage, any or either, and aald costs, charges and e~cpenses, each and every. absll be Im- mediately due aod payable, whether or not there be notice, demand, attetnpt to collect or euit pending: and ths full amount ot each and every such payment shall bear interest lrom ths dste thereot unW pald st the tate at tea per centum per annum: and all sald ooets. cLargea and ezPense~ w incurred or paid. togather with sucb in- tereit, ~ball bs ~ecured bY tbs lfen ot tlda mortgage. ~`3 ~ J,'i ~QV11 ~ {