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HomeMy WebLinkAbout0187 1. To pay sll and singular the principal and interest and other auma of money pay~bte by virtue of said promis~o?y note and such further aum or aums at money, if any~ as the s~?id party of tl~e aecond part ma?y advance to the part 1eS of Lhe firat part pmmptly on the days reapectively the same sevatdiy become due. 1 € ~ 2. To pay all and singular the taxEa~ sssessments, levies~ [iabititiea, obligationa and encumbrsnces oi every nature on ~ +sid described prnpertiea, and it the same be not promptly paid the said party oi the aaon@ psrt, its snccessora und aasigns ~ may at any time pay the same without w~iving or stlecting t he option to ~orecla~c or any right hereunder. and every pay- ~ ment so made ahall bear intereat from the date hereof at the rate of percent~ per unnum. ~ i t 3. To pay all and aingular the costa~ charges and e:pensea, including attorney'a fees. reaaonably incurred or paid ~t sny ~ time by said party ai the second part, ita successors. legal representatives or assigns, becauae ot the failure on the part oi the said ~ pa~,ies af the ±irst psrt, S~.ir_- succeaeora~ legal representstives or aasigns, to perform, eomply with and abide by each ; and every stipnlstion. agreement, conditioa snd covenant of said promiasory note and this deed. or either, and every such psy- ment shxll bear intereat trom date at the rste ot pereent, per annum. ' 'a t d. To peraait, oommi~ or antfer no waate, impairment or deterioration of asid pmpert~ or any part thercoi. < b. To perform~ comply with and sbide by each and eve ry the stipulationa, agreemonta, eonditions and oovenanta in said promissory note and in thia deed aet forth. 6. If any of eaid sums oi money herein referred to be not promptly and fully paid within 30 days nezt aiter the same aeverally become due and payable, or if each and every the stipnlationa, agreements, rnnditions and covenants ot aaid ~ ~romisso note and thia deed or either are not dal rformed com 1~ed with and abided b. the said ~ I ='Y , . y Pe . P~ Y a8$regste sum men- ~ tioned in said promiaeory note, shall become due and payable forthwith, at the option oi the puty o! the seeond part, its ~ succesaors~ legsl representativea os asaigns, as fully and completely as if the said sggregate sum oiSi~ctX Five Th,ousand and or the adv~neea heretoiore referred to was originally siipulated to be paid on ~ueh day. snything in said promissory note or ~ notes later to be e=ecnted and secured hereby, or herein, to the contrary notwithatanding. To keep the buildings now or hereafter on said landa insured in tAe sam not less than Sixty ThousaAd and no~lOQ dollars in a oompany or oompanies to be appmved by the said partq of the second part~ ita anccesaora, legsl representati~es or assigna, and in the event any sam oi money becomea paysble u nder such policy or policies~ the said psrty of the second part. its successora or assigns, shall have the option to receive and apply the same on acoonnt of the indebtednesa hereby secored or to permit the parties of the first part to reeeive and use it. or any part thereof, for other purposes~ without thereby waiv- ing or impairing any equity lien or right nnder or by virtue of this mortgage and may place and pay for such ipsurance or any part thereoi withoUt vraiving or ~ffecting the option to foreclose or any right hereunder and each and everp such payment shali bear interest at the rate of 7'- pereent per annum irom date. ~ 8. In the ~vent it becomes necessary to foreclose this mortgage, partiea of the first part agree to the appoiniment of a receiver~ to conserve the renta and profits securing from or derived from the above desetibed propetty. IN WITNESS WHEREOF, the said Mortgagor .B h~~P hereunto set their hand^ aad seal e the day and year first above written. - i~ ~C ~ < ' , . . Signed. aeated ~and delivered in resence of: % f° ~j i' f: f_//f ~ ~-.(SEAL) . ~ : ~ / / y~ j - 1 ~pC~~t.~i ~ /%~r_f.L.~-<-~c.d ~sEaL~ -.s1;~~.,~ ~j . ~ a~i~9 ~ i87 _ _ ~ - - - - - - - ~ ~ . _ _ .