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HomeMy WebLinkAbout0193 . ~ ~ , .t • . ~ ~ . . : ~ . • e • - , . . . ; . . ~ . . and shall dulY. Promptly aad itillY P~o~. ~~i'Bb. ~4~te, eftect, complete, canpi~ wlth and ab~ids by e~c?i and every the stipulatlons„ agreementa. conditioas and cevenants oi eaud proauaaory aote aad oi ti~ mortgagq, then Wis mortgage and tl~ eat~t~ hereby cr~ted shall ceyie and be null aau vold. It is underetood that ~ach oi th~ words. "note." "raortgagor" aaA "mott8a8ee" nspecUvely u?d the pron- ouns refer~3ng thereto. whetLer in the singular or plural anywhere 1A thls mortgaga, at?all bs ~ingulas ft oae onip and shall be plun~l ~olntly and severally. ii mors thaa o~ne,, and ~hall bs ma~culine. fesninln~ aad/o~r neut~r. whu~ ever the oont+ext eo impliea or admit~. . And aaid Mortgagor ior blmseli and hia heirs, legal npresenistives~ aucoceesors and ~sal~n~, bereby ooren• aats ana agree~ W and wtth ~aW i[ortgage0. hia legal repre~mtatives„ suoceswrr aad usigiu: 1. To pay all aad siagular tt~e pr[ncipal and intereat ~n3 the variou~ ~nd wadry ~um~ of n~neY PsYabls br vtrtue oi said promiswry not~, sad thfs mort8a~0. ~ach aad every. P~PV3? ~~~~P~V~Y ~ aeverwlly beuoma due. ~ 2. To pay all aad singular the texea. aaaes~?ents, leviea, liabilitiea, obUgaUons aad incumbrancea of avery ~ nature and kind now on aald described property. and/or tt~at hereaiter may ba lmpoeed. auitered, plaoed. levled or aasessed thenupon, and/or that hereatter may be levied or asaessed upon thia mortgage and/~r the indebted- ~ nesa secured hereby. each and every~ when due and payable acaording to lsw. before thsy become deliaquent, and betore any interest attachea or any penalty is incurred; aad in ao far as any therROi is ot reoord the eams c ahall be promptly satidicd and discharged of record aad the originai ofticial document (sucl~ as„ tor inetance. the tax reoeipt or the satlsfacU~ paper ofliciaUy endorsed or certified) sbW bs placed in the hands oi ~aid Hortgagee within ten days next aft~r payment; and • jn the event tt?at any thereot ia not so paid. sat(stled and discharged. said ]~iortgasee may at any time psy the same or any part thereot arithout v?~iving or atlecting . any option, Uen, equity or right under or by virtue ot this mortgage. sad the full amount ot each snd every • such payment shall be tmmediately dw ar?d payable and atiall bear interest imm ths d~te thereot uatil pafd at the rat~ ot ten psr centum per annum and together vnith auch intereat shall bs ~scused by the lieu oi thi~ ~ mortgaga - 8. To plaes and owitlauoualy keap oa tis~ buildfngs uow or hereaitsr attuats on ~aW la:W llr~ and ~rtndatoron , lnsuranoe fn the usual standard poUc~r torm. in ~ aum pot leas than i..........~ ~mum~NM ~ 1n such co~n- pany or compnNea as may be approved by aaid Morigagea; and ail auch tnsurancs pol~cies on any oi eaid butld- . inga. any interest therein or part RLereof~ in the aggregate aum atoresafd ot in exceaa thereot. ahall contain ths usual standard mortgagee clause making the loss under said poltetea, each and e~?ery, payaWe to said Hortga. gee aa his lntereat may appear. and each and every auch pollcy ahall be prompUy dellvered to and held by eaid Mortgagee; and. not lese thsu ten days in advance ot the expiration ot each poUcy, to deUver to u?Id ]~[ortgages . a renewal thereol. together with s raxlpt for the premiwn o! such renewal; and there ~ahall bs no auch ineur- ance placed on any of said bulidings, any intereat therein or part thereof. unleas in ttye form and wfth the loee payabie as atoreaaid; and in the event aay aum ot money becoma pa?yable under auch pollcy or policies eaid MortgaRee shall have ihe opUon to receive ar?d apply the ams on account o! the indebtednas securea hereby or to permit said Mortgagor to receive and uae it or any part thereof tor other purpo~ea wriWa~t thereby watvfng or impairing any equtty. lien or right under or by virtue o! this mortgage: and in ths event ~ald Mortga~or shall for any reaeon taii to keep the eaid premi~es so insured, or faU to deUver prwnptly any ot said pollcies ot insurance to said Mortgagee~ or fail pmmpUy to pay fully any premium therefor~ or in any respect faU W per- form, discharge. pcecute, effect, complete. comply arith and ~?bide by this oovenaut, or any part her~eot. said Mortg- sgee may place and psy for ~uch fnauranos or any part thereoi without ~raivvng or affacting any optian. lien. equity or rigfit under or by virtue of thii mortgage, and the l1~ll ap~ount oi eact? and every auch psyment ~hall • be 1MmediaWy due and psyabls and ~hall bear interest irom the dste thereof uuW paid at th~ sat~ o! Lea p~r ceatuin per anawn aad together witb ~ueh lnterest ~hall M soc~red by tbe lim oi thi~ mortgsg~. To parmlt~ eomaiit or a~uifer ao asste, impatrment or det~srioratton oi said propsrty or aay part thereo! 6. To pay n11 and dngular the costs, chargea and expenses. includiag reasonable lawye~~ fesa and cost ot abetracts o! title. incurred or paid at any tfine by iald ~iortgagee becsuse and/or fa ths ~~ent ot the lallurs on the part ot the said l~Iortgagor to duly, promptly aad fully partorao. dis~hasge, eo[acut~ eifect, completer complr with aad abide by eacL and every ths ~tipulatiens. agreeaneat~. oondition~ a~W oovenanta of se?id promis- iory note. aad thia mortga~ga, anr or either. aad ~afd cwt~„ charger aad eocpenw~. eacb aad e~rer~r. ~t?~il b tm- medistaly dus ~ad pay~blq, ahether or not tben Ds notice, demas?d. att+smpt to ooll~ct or sWt p~adiag: aad tb~ ll~U umount ot ~acL aad ewn? weh PaYmei?t ahall b~ar iat~e~t lro~a tM dat~ t~sr~o~ a~t~l P~ a~ tl~ nc~ o[ , L811 p~! 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