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Home My WebLink About0324 • ~ + ~ . ?1 C: ~ ' 7~ ~PROVIDED ~?LWAYS, N+at if said MORTG/IGOR s1isN p~y u~to th~ s~id MORTGAGEE th~: cKts~n P~~~1? noh of wl?ich th~ foilow~nq wo~ s~d fiyu~ i: • trw d~cription. tawih Ona pro~aissory note of even date herewfth in the prfncipal amount of 517,750.00, due and payable as follaws: $8,875.00 on or before one year from date and a like payment of $8,875.00 on or before two years from date; . Interest at the rate of 8~8 per annum on the unpaid principal balance payable with e~ch annual principal payment; This Note may be prepaid in whole or in part, at any time, without penalty; said Note executed by Mortgaqor herein and payable to the.order of Mortqagee. . . . end shall p~rform, canply wifh and ab~de by eech end wsry tM i puletwns, aqrosmN+ts, ~cond~t~oris~end covsnents of se~d promissory noh and of this desd, thsn th~s dead and the estah Mroby croeted shalt ceese and bs null and Mo~d. . Md said MORTGNGORS. for themsslves and their heirs, l~gal ?spressntetivss, successors er?d euigns hsroby jointly eod s~wrally covenent and egns to and w~th the seid MORTGAGEE, their wccessors end ass~gns: ~ I. To pey ell end sinqular the principel and intsrost and the various end sundry sums of money peyabls by virtus of seid promiuory nots, and-this mortgags, each and every, prompfly on the days respect~vely the same ~ ssvsrally b~coms dw. t 2. To pey all and sinqukr the tez~s, assessments. (sviss, liebilities, obligations and encumbrances of svery neture end kind now on seid describsd propsrty, or that hsrsefter may bs impossd, sufferod, placed, bvisd, or as:ss~sd th~racsn. or that hereafter mey ba kveed or asssssed upon . this Mortgegs, ar ths i~dsbtedness securod . ~ _ hsroby, ~ach and every, includinq but not limited to any debt or obl~gat~on croeted by or imposed upon MORT- G/~GOR which has becoms or may Mroafter bscome a lisn or sncumbrence against the roal eslate herein de- scribsd or any psrt thsroof, whan due and peyabk eccording to bw, bsforo thsy becoms del~nquent, and bsfors any int~rost attach~s or eny pMaMy is incurr~d; end insoiar as any thereof i: of ncord ths sams shell be promptly satisfied and discharq~d of rocord and ths oriqinal officiel document (such as, for instencs, ths tex rec~ipt or the set~sfaction pepK offcially endors~d or esrtif~e~ shell bs pbced ~n th~ hands of said MORTGAGEE within ten days nsxt atter paymsnt; end in th~ went tbat any tMnot is not paid, SatisT~~d Ond disCl~aryecJ, seia i~i~ic i vn- ~ GEE rnsy at any tims pay ths sams or any pert theroof end take en essignmsnf of sams without waiving or affsct- ing any optioo, lien, squify or right undsr a by virtue of this mortgage, and tFie full amount of sech and wery i wch psyment shel) bs immediatsly dus end payeble and shall beer ~nterost from the dete thsreof unt~l paid et ths I rete of psr esntum psr ennum end toqsther with wch interost shell bs sscursd by ths (iM of this mortqags. ~ 3, To place and contimiously keep on the lwildings now or hereaRer sitiiats on said land and on al) equip- ~ ment end psrsonalty covend by this mortqage, with al) promiums theroon paid in full, firo and s:tended coverarge insurance in the uwa) standard policy form, in e sum approved by ths MORTGAGEE in such compeny or com- panies as may bs epprovsd by said MORTGAGEE: and all firo and extendsd coveroge insurance policies on any of said-buildings, an interest therein or part thsreof, in the eggrogate sum aforesaid or in excess theroof, shall contein the usual standard mortgegee clauss or such othsr clauss as the MORTGNGEE may rsquire, mekinq the loss under seid poliues, sach and every, payabls to seid MORTG/1GEE as their intsrosfs may eppsa~, and each and svsry such policy st~afl be promptly ess~gnsd and defiverod to end held by said MORTGAGEE es furthsr secur~ty of seid mortgege debt, end not lsss then tan (10) days in advance of the ezpiration of each policy, to dsliver to said MORT6AGEE e rsnswal thereof, together with e roceipf for the premium of wch ronewal; and thsro shall bs no iire or e~snasci coverags inwrancs pbced on any of said buiWings, any inTerost ii~eroin or part ii~ereoi, unisss in the form and with the bu payabls as aforosaid: and in ths svsnt eny sum of monsy becomss payebls under such poliry or policies said MORTG/1GEE shel) haw ths option to ~eceivs and apply ths sama on account of the indsbt- ednsss secured heroby or to psrmit said MORTG/1GOR5 to roGSive and use it or eny part thereof for other purposes without fheroby waiving or impai~ing eny equity, lien or right under or by virtus of this mortgage: and in ths svent ssid MORTG/1GORS shell for any rseson fail to keep the sa~d premisss so insured, or fail ta deliver promptly eny of seid policies of insurance to seid MORTG/1GEE, or fei) promptly to psy fully any premium thsrs- of, or in eny rsspsct fail to psrform, discherge, exxuts, effect, complets, comply with and ebide by this covenant, or any part hsreof, said MORTG/~GEE may plecs end pey for such insurence or any part thersof without waiving or effxtinq eny option, lien, equity, or right under or by virtue of this Mortqegs, end t6s full amounfi of eech end avery such paymsnt shall bs imn+sdiately due and payebb end shell bear interost from the dete thereof until paid at the rote o~ 8~ psr centum per annum end together with wch intsrest shell be secured by the lien of th~s Mortgage. 4. To psrmit, commit or suffer no wes'e, impairment or d~tsrioretion of said property or eny pert theroof. S. To pay ell and singuler the costs, charges a~d sxpsnses, including e ressonsbl~ sttornsy's fe~ end cosh of ebstrach of titk, incurrsd or paid at any tirrw by ssid MORTG/~GEE bscause or in tht went of ths failun on the pert of the said MORT611GOR to duly, prompfly and full~r p~eform, dischargs, exscute, eff~ct, complste, comply ~ s ~ ~ „ Y : - - 9 ! . ~ . .