HomeMy WebLinkAbout0154 , t..r;
L To pa~ all and dnanlar tLe prlacipal and interaat md ~other wms of ~a~o`'a~~ p~~~ble b~
~3etos of ~atd promi«oq nota._._ aad this deed. or eit}rsr, PromPtl~ oa tLs dals rapecti~el~. tiw
s~me ~er~ll~ beoome dna
a. To pa~ all and sinaalar ths ta~, wwmeat~, le~ia, llabilides, obliaatiom„ md iaeam~
branoes ot erar~ aators oa ~aid de~cdbed P~P~7. a~ch and an?er~. ~nd if t6e wne be aot prompd~
pdd iLe sa~d Morts~ai, ita s~ooaarti 3eaal rsprawtati~a~s ae a~iaor, ma~ at ~n~ ttms pa~ tl~
~ame ~~rithout wai~ina or a[tectina ttie optioa to Eorsalo~s or an~ siaht hereuader, aad a~er7 PaT~
ment ~o ma~le a6all Lear inte~+est lro~m il,s dRts thereoE wt t6a rate ot~per ce~t~ psr annvm.
3. To pay all ~nd drigalu tLs cow, c6ar~es ,~ad e~pe~er„ iaclndin~ la~r~er*s fea, re~wnabl~
incnsred or paid at ~n~ tim~s b~ ~aid Mort~ea, ia saooeewr~, lesal np:~e~eataNves or a~i~,
becawe of tLs failars on the part oE tlrs aid Mortaadors., th _ i r b.,; w l~al repraeatati~a
or aadaos to pertorm, oompl~ with ~ad abide b~ each and s~st~ tLe ~tipnLuony aac+ee~mt~ oon-
didad aad co~eaants oE sa~d pramb~or~ note~ and th» desd, or eitLer, and e~er~ wch pa~ment shall
be~r intenst from dats at the nte o~_;~~+r oe~t. pee aanno. . .
To lceep tLe bnildinp no~r or be,reafter on aid land inwred ia a wm not le» t~+,~
Four Thausand and no/100 ---------n.n~ ~ a ~ ~ ~ ~p.
proval by aid Mortaaaee, and the poL'c~ or policies Leld b~ md pa~abls to said ~tortaaaes, ib
~nooeMOr~. le~i repre~entati•as or aesigo~ ~nd in tLs e~ent an~ wm oE a4ons~ bec~+er pa~abie
nnder sncL polic~ or polides. the Mortas6oe, its ano~ero~s, 3esa1 np:~esent~ti~e~ or a~i~ a6all
ha~e the option to receive aad appl~ tLe ams oa aoconnt af the indebtednw hereb~ ~ecnred ~
to permit t6e Mortaaaor~ to reoeive and n~e it or an~ paet tbereof [or other pnrpws~; witLont
l.w~,~~s ~{~S ~ ~F'-3-~ ~tTT~ ~ s~~ zi~st ar ~ ~r~t~ ~ lhi: ~.~o, :.ad
ma~ place md pa~ for sncL imnranoe or an~ part tLersof witLout wairi~ or affectins t6e optian
to [oreclo~e or m~ ri~ht hereonder, and each aad e~er~ auh pa~ment a6aA bear intereat lrom date
at the nte of q ~~r cmt per annnm. ~
5. To para~iy oommit or satfer no wastey impairmeat or deteriontion of s~id propert~ oe =
~7 Part tLereof..
~
6. To peiform, oompl~ with, ~nd abids b~ eacL and a~e~ the ~tiPnlation~, aare,emenb. oon-
dition~ and covwaab in ~aid promiawr~ note~, aad ia tLia deed ~et fo:tL.
T. ~f an~ af ~aid ~nms of mw~eT heenia referred to be not prompd~ md fnU~ paid witL'nt
~ c] dap ne~t dter tLe same ~averaIl~ beoome dae aad pa~able, or if each and a~e~ tbe
~tipnlation~, a~eemeat~, condition~ and cavenanb of aaid promia~nr~ nota_ and tLis deed, or eitber,
u+e not fnlly performed, co~plied with and abided b~, tLe aaid a~e+e~ate wm meatioaed in said
promi~wr~ ~ota_ shall beoame do~e and p+~~~b3e foriLwitb or tLere~ftee at t6e optia~ of tLe ~[o~t.
aaaee~ ib sacee~sory 3e~al repre~eaati~a or ariaas, as fnll~ aad oo~npletel~ as if the ~aid aag+e6ate
Four Thausand and no/100 a„~
~ipnlated to bs paid on wcL da~. an7tluna ia said Pmmi~or7 note~ or herein to the contrar~
tro
II~1 ~PJITNF~S3 pHEREOF, ths said Mostassor s have u.~,.,.,*„ .,a their
b...a s...d ;nal s tl.. ~ md Te~s Ijs~t abo~~e wsitt~EO.
s~,~a, .~a .na ~ p~ ~r: v~
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