HomeMy WebLinkAbout0537 1. To pay alt and iinpular the principat a~d intareat and otkrr sums of mo~eey payable by
virM~e of aaid promisaory note___ and tl~i~ daed, or ei~her. P?orxPt~y on tlae dayi reapectivety !be
aame aevsrally become dus.
t. To pay ali and aingular tl?s taxea, aaaeaamenta, I~viea, iiab~itiea, obti~ationa, arid enc~em~-
brancea oJ every ~atxre on aaid deacribed property. eac11 a~d every, and ij the aame be not P~'~P~
ly paia~ tJ~ said Ddort~ayee~, ti+~*s, la~al repreientatives or aa+iQn~, at ax~
time pay the same without waivix~ or a»ectix~ tks option to ~arecloas or a~ty riyht l~erett»der.
and every? Payment ao~made a1~aU bear intereit Jrom ths date lhereof at tha rnte o~_~*~* ~
cent. per a~a~?.
J. To pay at1 and ringular the coita. clbaryea a~nd expenaea, inetudin~ Jawyer'~ feea, reaao~-
ably incurred or pa.id at any time by aaid Mort~ayse~ t2~eir keira, Isgai rapreaentativu
or asaigns, becau.ts of ths fa~ure on th~ part of the aaid Mortyagor~, tl~3r h~a, ~y~
repreaentatives or aaaiD+W ~ P~'f~b ~Pt1? aith and abids by eaeh and every tlae atipulatio~a,
agreementa. conditiona and covananta of aaid prmniaaory not~ and this deal, or either. a~td
svery such payment ahall bear inttreat from dats at the rats of per cent. per annum.
4. To keep tlu bu~dinga no~v or hereaf
ter on aaid land insured in a aum not less than
t1~].l ~rdlwe - noUara, in a eompany or campanisa
~
to be approved by aaid Mortgagee-, and tlu policy or policiea held by and paya.ble to said Mort-
9a9eE~-.their t,.~i, ~Dal representativea or asaigna, w~d in t11e even!
any aum of mon,ey becomea payable tt»der suc11 policy or polieiea, the Mortyayee= , t.beir
~ra, legal repreaentatirosa or asaegna, aha~l havs tl~s aption to ~reeeive and
I appIy the same on account of the indebtedneaa kereby a~cured or to permit t1~ Mortgagor_ to
receive and ~erae it or any part tAereof for othsr purposea, ioithout thereby wairing or impairinp
I any equity, lien or right under or by virtue of thia mortgage, and may plaee and PaY for aueh
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~I insuran.ce or any part thereof witlaout ~oaiviny or affeeting f.ke option to forecloaa or any right
I here~under, and eacA and every auck paymant ilaall bear intereat jrom date at the rate of
~
~ per cent. per annum. -
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I ~ 5. To permit, commit or auf
f
er ~no waate, im~airmcnt or detereoration of said property. or any
; part thereof.
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! 6. To perform, eompty with, and abida by each and every tlu stipulationa, ayreement~, con-
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~ j ditions and eovenanta in said promiasory nota_, and in thia deed aet f
orth.
~ ~ 7'. If c~aey of aaid suma of mar~y herain referred to be not promptly and fully paid within
1 ~ya nest after ths same aeveraUy become dus and payabk, or if ~aeh and every the
~ ` 8ti~ulatio»a, agreementa, conditiona and eovenants o~ said promiaaory note and thia deed, or
R eitlier, are not fully perjormed, compiied with and a.bided by, the aaid aD9+'s9at~e sum mentioned
~ ~
~ in aaid grromisaory note_ shaA become dus a~?sd payable f
orthwith or thereaf
ter at tl~ option oj
, the Mortpagee~, hPirs, ia~al rtpresenta.tivea or aaaigna, aa fuUy and compktely
~ ~
~ i aa if the aaid aggre~ate sum of ~?Uara were
~ originalIy atipulated to be paid an auch day, anything in said promiasory rwte_ or herein to ths
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~ ~ contrary ~wtwithatandi~ty.
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_ , IN WITNESS WHEREOF. the aaid Mortgaqorl, hereunto a~t~
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~r ha.nd~and aeal3-the day and year firat above
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; Sig ,:ealed a~nd d~liver~d in preaencs of ~a: l (Seat)
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