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HomeMy WebLinkAbout2262 ~ . 4 . { J 1 1. To pay all and singular thc principal and intereat and other suma of money payable by virtue ot said promis~ory note xnd such further aum or suma oi moiiey. if any. aa the suid party oi the second part may advance to the part~C- of the i first part promptly on the days respectively the same severally become due. ~ 3 2. To pay all and singular the taxes. assessments. levies~ liabilities, obligations and encumbrancea oi every nature on ~~id desc~ibed properties. and if the same be not promptly paid the said party oi the aawnd part, ita aucceseors and aseigns may at any time pay the same without waiving or affecting t he option to foreclose or any right hereunder. and every pay- ° ment so made shall bear interest irom the date hereof at the rate of percent~ per annum. 3. To pay all and singular the costs~ charges snd expen sea, including attorney's fees. rnasonably incurred or paid at any time by said party oi the second ~art~ its successors, legal repreaentatives or assigns. because oi the failure on the part of the said partJL_ of the iirst part, its ~~s. ~eB~?1 representatives or assigns, to perform. comply with and abide by each and every stipulation~ agreement, condition and covenant of said promissory note and this deed, or either. and e~ery such pay- ~ inent shall bear interest from date at the rate o! percent, per annum. ~ 4. To rmi commit or suffer no waste, impairment or deterioration of said pmperty or any part thereof. ~ Pe t. . ~ ~ 6. To periorm, comply with and abide by each and eve r~ the stipnlations, agreemants, conditions and rnvenanta in said promissory note and in this deed set forth. G. If any of said sums of money herein referred to be not promptly and fully paid within 30 days nezt aiter the same severally become due and payable, or if each and every the stipulations. agreements, rnnditions and covenants oi said ~~remisaory note and this deed, or either, are not duly perfornued. complied with and abided by, the said aggregate sum men- tioned in said proraissory note, sball become due and payable iorthwith~ at the option oi the party of the seoond a its successors. legal representatives or assigns, as fully and ecmpletely as if the said aggregate sum of ~~E AND 0------ or the ad~ances heretofore referred to wss originally stipulated to be paid on such day, anything in said promissory note or notes later to be e:ecnted and secured hereby, or herein, to the rnntrary notwithstanding. 7. To keep the buildings now or hereafter on said lands inaured in the sum not less than FIFTY THOUSAND & doUars in a company or companiea to be approved bq the said party of the second part~ its succes.sots. legal represen ~ es o ~ axsigns, and in the event sny snm of money beoomes payabie u nder such policy or policies~ the said party of the second part. its suecessors or staigns, shall have the option to receive and apply the same on acoount of the indebtedness hereby secured or to permit the parties of the first part to receive and use it, or any part thereof, for other purposes, withont therebp waiv- i:~g or impairing any equity lien or ri~ht under or by virtue of this mortgage and may place and pap for such insurance or , ~ ziny psit thereof without Naiving or affecting the option to foreclose or sny right hereunder and each and every such paqment ~ shali bear interest at the rate of percent per annum from date. I ~ i f S. In the event it becomes necessary to foreclose this mortgage, parties of the first part agree to ihe appointment af A ( ~ecei~er, to conserve the rents and profits securing~frnm or deri~ed from the above described pmperty. i4 ! 5 i 's 9 f ~ F ~ $ ~ 3 ~ 4 ~ ~ ~ ~ ~ ~ ~ S'~. fi F - IN WITNSSS WHERFAF, the said Mortgagor hernunto set its hand and seal day and year first above written. . ' < ;r Signed, sealed'and deliv ~red in the presence of: COYV CREEK RANCH, ~S~ ; , ~ ; ~ _ ` - _ , ' BY: -.r' - :r - ~ . . ~ ~ ~ - ,•XSEAL) y ~'_~.l~ ~Lvu~ resi en -•,,,,,H~~,f i _ ~ ATTFST: (SEAL) ~ 600K~rW Secretary-Treasurer ~ ~ ~ _ ~ . - a.M°fY'i .+..+.r. - ~ _ i ~ti _ ~ ' ~'f-? s a,'a'..~ ~b.. _ ~ ~ _S.rr ~ _ z_ . . ~ ~~`xe;' r,_.?~.~?.