The URL can be used to link to this page

Home My WebLink About1214 , ' . ~ . ' . ~ snd aha11 duly. prompUy and fully pertorati discharge. execute, effect, complei~s, comply wlt?i and abide Dy eacb and every the st~pulstions, agrcemente. conditione and covenanta ot aaid promissory note aad oi this mortgage. then t41s mortgage and We eatate hereby created shall ceape and be null antl vold. It is underaitood that each of the words. "note." "mortgagot" and "mottgagee" respectively and tt~e pmn- ouns referring thento. wheWer in We aingular or plural. anywhere in thls mortgage. ahsll ba eingular 3t oae oniy and ahall be plural jointly and severaily, if more thsn one, md shail be maaculine. feminine aad/or neutar. whee~ ever Lhe oontext so impli'ea or admits. And said Mortgagor for himseli and his heirs, legal representa4ves~ auccessors u?d a9signs. hereby ooven- . anta aaa agr~es to and with eaid Mortgagee, his legal repreaentatives, auccessors and asaigns: l. To pay all and eingular tt~e prlncipal and intereat aad the various and sundry sums of money payable by Wrtua of said promiswry aots, and tbla mortgage. eacA and every. pmmptly on the days respectively the same eevetally becoma due. 2. To pay all and singular the taxes, assesements. levies~ llabelities. obligations and incumbrances oi every nature and kind now on said describcd property. and/or that henafter may be impoeed. auftered, placed, levied or assesaed Lhereupon. and/or that hereafter may be levied or asses~ed upot~ this mortgage snd/or Lhe indebted- ness secured hereby, each and eveay, when due aad payable acoording to law~ before they become delinquent, and betore any intereat attaches or any penalty is incurred; and in so iar as any thereof is oi ncord the same shall be promptly satisfied and discharged o[ record aad the original .ot~icial document (euch as, tor inetance. Lhe tax receipt or the aatiafsction paper ofiicially endorsed or certified) shall be placed in the hands oi 8aid Mortgagee arithin ten days next after payment; end jn the ~went that any thereot Ia .not eo patd. eatisteed and discharged. eaid Mortgagee may st any time pay the same or any part thereot wiWout waiving or atfecting any option, lien. equity or right under or by virtue oi thi' mortgage. and the f~ill amount of each and everq such payment ahall be immediatelq due and payable aad ahall bear intereat irom the date thereaf unW paid ! at We rate of ten per centum per annum and together with such intereat ahall be eecured by the lien oi thi~ I ~nge?8~ ' E 3. To place aud coatinuously keep on the buildings now or hersa,tter situate on ~sid laud Brs and ~vindstorm ~ ineurance in the usual standarct policy, form, in a aum not less than i............ 1n such com- pany or companics as msy be approved by aaid Mortga~ce; and eli such inaurance pollctea on any oi said build- j . ings, any intereat therein or part thereof, In the aggregate aum afore.said or in ~ceas thereot. ahall contain the p usual standard mortgagee clauae making the los~ under aaid policies, each and every. payable to asid Mortga. E gee as his interest may eppear. and each and evety such poticy shal! be ptomptly delivered to and held by eaid ~ Mortgagee; and. not less than Len days in advance of the expiration of each pollcy, to deliver to aaid Mortgagee a renewal thereof. together with a receipt for the premium ot such renewal; and there shall be no auch insur- ~ ance placed on any ot said buildings, any intereat therein or part thereof. utiless in the form aad vvfth the loss ~ payable aa aforesaid; and in the event any sum of money bec~omea payable under auch pollcy or poiiciea said ; Mortgagee ahall have the option to receive and apply the same on account ot the indebtedness aecured hereby or ~ to permit said Mortgagor to receive and use it or any part thereot for ott?er purposes without thereby waiving F or impairing any equity, lfen or right under or by virtue o! this mortgage; and in the event said Mortgagor ahall for any reason tail to keep the said premises ao insured, or fail to deliver promptly any ot said policiea o! ' insurance to said 1?iortgagee, or fail pmmpUy to pay fuUy any premium therefor. or in aay respecfi fati to per• ' ; form, discharge. execute, effect, complete, comply wiih and abide by ihls eovenant~ or any part hereof. said Mortg- ~ agee may place and pay for auch in~urance or any part thereof without wafving or affecting suy option, lien. ~ equity or right under or by virtue of thls mortgage. and tbe fuII aq?ount at each and every such payment shall ` be tmmediately due and payable and ahaU bear interest lrpm Lhe dste thereof unttl paid at ths rate oi ten per centum per annum and together with sach intereat ~hall bs secured by the llen of tbli mortgsge. t _ 4. To permtt~ commlt or suifer no waate. impairmeat or deterloration of said proparty or any psrt thereof. ` 6. To pay all and degWar the costs, chargea and expenses, including reeeonable lawye~'s fees and cost o! ~ abatracts ot tltle. incurred or pald at any time by sald Mortgsgee because aad/or .In the eveat ot the taflurs : on ihe part ot the ssid Mortgagor to duly. promptly and Nlly perlorm. dlscharge, esecute, eKect, oomplets. ~ comply wlth aad abide by a?ch aad every the atipulaUons, agreements, eonditfons and ooveaant~ o! aaid pmmis- ~ aory note. aad Ws mortgage. an~ or eitlier, and sald coata,, charge~ aad expsn~ each a~?d e~ery. ~ha11 bs im- . mediately due and payable, wbether or not thers be notice, demsnd. attempt to colkct or sult pending: and ths = full amount o! esch and erety ~ueh payment ~haii bear iata~st ircm the dats tbsr~ot uaiil paid at the rate ot ~ . teres~shall b~ ~MCUred bp th~ ~ ot tlfL snpstg~ M aad ~speo~M ~o lacut~d ot p~ld, topt~ wlth itlcb fa- € ~ ~ r ~ ' DDOK~ ~~L~1~ s s - _ _ v~-= ; 4`-~ 5 ;~Y- ~ T - Ycer~-=