HomeMy WebLinkAbout1959 To pay all arut rinqular the principal a~d intereat arid other auina oJ money payabie by
virtue oj aaid promiaaory not~ and thia deed, or either, prnmptly on the daya rss~ectivety t.~e
aame aeverally become dua.
t. To pay aU and aixgular the tazsa, aaaeaamenta, laviea. iiab~ities, obliyatio~a. and enc~m-
brancea of every nat~ure on aaid deaeribed property. cach and every, and if ths aame be not prompt~
ly paid the said Mort~aye~., her ti,~,M~ ~Dai repreaentatives or aati0~++, mW? at a~
time pay tha sama witlaout waivin~ or alfsatixp the option to ~areelose or any ri~ll~t ]lereunder,
and every payment ao made alaa,iT bear intereat ~rom the dats thereof at t7~s rate of ten~.
cent. per a~t.
s. To pa.y aU and singular the coata, char~ea and expensea, includin~ lawyer's fssa, reaao~t-
ably incurred or paid at any time by aaid Mort~agae_, hPr ~ra, ~egal rapreae»tativea
or assig~s. becau.ie of tAe fa~Tws on ths part o~ ths aaid Mortgagor_.p their k~, ~gu~
repreaentativea or aaai~„a to i~'1~. ~P~ti ~oith and abide by each and every the stip~latio~na,
agreementa, co»ditiona and eovenanta of said promiasory note~ and tlaia daed, or either. and
every such payment ahaii bear intereat from date at tha rats of ten
To keep the bu~dinqa now or heraaf
ter on said iand insured in a aum not ieas than
Hiprheat Ineurable Value of Property noUara, in a campany or companiea
to be approved by aaid Mortgagee-, and tlte policy or polieiea heJd by and payabls to said Mort-
9a9ee
y, her l~ra, ieyai represerita~tivea or aasi~~na, and i» t~ke anent
any sum oj money beeomes payable under rteh poliey or policiea, tha MortQa~ee_.,
her h~ra, legal representativea or aasigna, ahaA hava t,ke aption to reeeive and ~
app~y the same on account of tlae indebtedneaa hereby aeeured or to permit tlu MortpaQor to
receive and uae it ar any part thereof for other purposes, without thereby waiviny or impairixy
~ any equity. lien or right under or by »irM~ of thia mortgaga, and may piacs and pay for auck
i insuranea or any part thereof witkout toaiving or ajfecting tlae apfiion to forecloaa or any reDht
~ hereunder, and eaeh and every auel~ paymext ihaU bear intereat fro~e data at the rate of ten
6
~
~ per cen~ per antaan. .
: 5. To permit, commit or auffer no waste, impairment or deterioration of said propsrty. ox any
~
z ~art tkereo
f
.
~
~ 6. To perjorm, comply urith, ared abide by each and every the attip~tdationa, agreemerst~, con-
~ ditions a»d eovenants in said promiasory note_, and in thia deed aet f
orth.
~
~ 7. If any of said suma of money herein rsferred to be not promptly aa~d fuUy paid within
~
~ f 1 f t e e n days next af
ter tlu aanu aeveraUy becoma due and payable, or if eack and avery t)~s
~
~ atipulations, agreementa, conditiona a~ul covananta of aaid promiaaory note_ and thia deed, or
~ either, are not fully performed, eampiied witk a»d abided by, the said aypraDate sum mentioned
r in aaid promissory note_ shaA beeome due a~?id payabla forthwitA or tltereafter at ths option of
` hei` keirs, legal repreaentativea or aaaigna, aa fuAy and eomP~Y
~ tht Mortgagee-,
~ aa if the aaid aggrepate sum ojThirt -one Hundred TMent -five d~ 4 ,u~~r.s
~ originally atipulated to be paid an auc y, a~??yth:ng in sa.id promissory note_ or hereett to the
_ contrary notwithataa~di».~.
~ IN WITNESS WHEREOF. the aaid D[ortgagorB , hav e se~ Lhe 1 r
~ hand Rnd aeal-the day and year ~irat abov~ written. . 1
_ ~
_ S' , a~aled and ed in preaenes of ua:1 (Seai)
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