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Home My WebLink About2074 ' _ _ _ _ _ - _ " and shail duly. pmmptly and fully pertorm, discharge. execute, effect, completP, comply wtth and abide, by each and every the stipulationa, agreements, conditions and covenants of said promissory note and of thia mortgage~ then thia mortgage and the estate hereby created shall ceaae snd be null and void. It ia underatood that each oi the wonis, "note," ••mortgagor" and "mortgagee" respectively and the pron- ouns referring theret0. Wbether in the singular or plural anywhere in thLs mortgage, shall be singular it one only. and ~hall be plural joinUy and severally, if more than one, and shalt be masculine, feminine and/or neuter. wher* ever the oontext ao implies or admits. .And said Mortgagor tor himaelt and his heirs, legal representetives, auccessors and assigns. hereby coven- ante ana agreea to snd with aaid Mortgagee~ his legal representatives. succes9ors and as~igns: 1. To pay all and aingular the prtncipal and intereat u~d the various and aundry aums ot money payable by vtrtue of aaid promissory aote, and this mortgage. each and every. promptly on the daya re~pectively the sams aeverally become due. 2• To pay all and singular the taxes, assessments. leviea. liabllities, obligations and incumbrance~ of every nature and kind now on said described property, and/or that hereafter may be 1mpc~.ged, autfered. placed. fevied or assesaed thereupon, and/or Lhai hereatter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable according to law, be[ore they become delinquent, and before any interesi attaches or any penalty is incurred; and in so far as any thereot ia of record the sams shall be ppomptly satisfied and discharged of record and the orip;inal ofticial do~ument (such as, for instance. the tax receipt or the satistactioa paper officially endorsed or certified) ahall be placed in the hands of said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid. satistied and discharged, said Mortgagee may at any time pay the same or any part thereo[ w~ithout waiving or affecting any optibn, lien, equity or right nnder or by ~•irtue of this morigage, and the full amount of each and everq such payment ahall be immediately due and ~ayable and shall bear ittterest from the date thereot untll paid at the rate of ten per centum per annum and together wilh such~interest shati be secured by the liea of this mortgage. S. To place and continuously keep on the build;nRa naw or hereafter aitu8te on said land fire and windstorm hi hest insurable._°alue insurance in the usual standard policy (orm, in a sum not less thsn 5-------g.-•----------------••_---•-•----•-•---•----.~ in such com- pany or comp^nies as may be approved by sai~i lfort~p~ce; and all such insurance policies on any of aaid build- ings, any intere~t therein or part thereof, in the s~firegate sum atoresaid or in excess thereot. ahall contain the . usual standard mortRagee clause makin~ the lovs ur.der srtid policiea, each and every. payable to said Mortga- gee as hia interest may appear, and each and e~•e:y su~•h policy shaU be promptly delivered to and held by aaid Mortgagee• and, not less than ten days in ad~~ance of the eapiration ol each pollcy, to deliver Lo sxid Mortgagee a renewal ~thereof, to~ether with a receipt tor the premium ot anch rnnewal: and there shall be no such insur- ance placed on any of said buildings, any intemst therein or part thereof, unless in the form and with the loes payabte aa aforesaid; and in ihe e~•ent any sum of money becomes payable under ~uch policy or policiea said Mortgagee shall ha~e the option to receive and apply the same on account ot the fndebtedness secured hereby or to permit said Mortgagor to receive and use it or any pRrt thereot for a[her purpose9 without thereby waiving or impairing any equity, lien or riRht under or by virtue of this mortgage: and in the event said Mortgagor shall tor any reaso~ fail to keep the said premises so insumd, or fail to deliver promptly any of said policita of insurance to said Mortgagee, or fail prompily to pay fi~lly any premjum therefor, o~ in any respect fail lo per- torm, discharge, execute, eftect, complete, comply with and abide by thia covenant, or any part hereot. aaid Mortg- sgee may place and pay for such insurance or anv parf thereof withnut wafving or effeciing any option, lien, equity or right under or by virtue of this mortt;age, an3 the ttiq amount of each and every auch payment shaII be immediately due and payable and shall bear intPrest from the date theceot until paid at the tate ot ten per centum per annum and together wlth such lnterest ahall be eecured by the llen of thia mortgage. 4. To permlt, commit or euffer no a•aste. impairment or dtterioration of said pmperty or any part thereot. 6. To psy ail and aingulu the costs, chargea snd expensea, including reaeonable lawyer's few and coet ot aDstracts ot tiUe. lncurred or paid at any time by sald Mortgegee because and/or fn the event of the failurs on the part o[ the said Mortgagor to duly, promptly and fWly pertorm. discharge. ezecute. ettcct, compleiq, comply with and abide by each and everp the ~tipulations, agreementa, condittons and oovenanb ot eaid promis- sory note. end thls mortgsge, anq or elther, nad safd costa. charges and eapenses, esch and every, shall be im- mediately due and payabte. whether or not thera be noiice. -demand, attempt to oollect or aWt pendtng; and the t1il1 amount of each and every euch payment ahall bear ietereat trom ths date tbereot unW patd at th~ rate oi ten per centum per annum• and all satd coeta, chargei and e~cpen~es w lncurred or pal~ togetl~er with such !n- ttreat, ~ball Ls ~ecured Dy tJ~s llen of thb mortgags. 600K~1 PAGE~,v~ N'~ ~ ~ ~ sv ,~ti,m -?~ar. ~ -...s ~ -~„sr" ~ ~ W ~ -