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HomeMy WebLinkAbout1727 '4 1. To pay all arui aingular the principol and interea.t and other suma oj money payuble by virtue oj said promissory ~nott_ and tAia deed, or either, prompuy or? the daya reaa,achvety tke aame severally become due. To pay all and aingu2ar the tassa, aaaeaamenta, leviea, liab~itiea, obli~ationa. and encum- brancea of every nature an aaid deacribed property. each and every, and if ths aa~ne bs not prompt~ iY paid tht said 3fortpapse_, hie ~~ra, kyal repreaentativea or aatiyna, maY at ax~i time pay the same without waivin~ or aJfectiny the option to forecloae or any riyht hsreu»der, and every payment ao made al~aU bear i~?ttereat Jrom the date thereof at the rnte of Len p~ ~ cent. per anntt~t. s. To pay all and ainguk~r the coata, cl~arpea and expenaea, including latoyer'i feea, reaaon- ably incurred or paid at an~ time by aaid Mortgagee_, hi ~ h~~, lepal repreaentativea or asaigna, because of the fa~ure on the part oJ the aaid Mortgagor~., their heira, leyai representativea or asaigna to P~'l~, ~1~Y with arid abide bt/ each and every ths stipulationa, agreementa. conditio~na and cove»anta o~ 8aid promiasory note_ and this deed, or either. and cvery such payment ahali bear interest from dats at the rate of~8~4 per cent, per a»num. 4. To keep the buildinga ~now or hereaf ter on aa.id land insured in a atcm not Ieas than oUara, in a comgrany or companiea to be approved by said Mortgagee_, and tlu poTicy or polieiss held by arsd payable to said Mort- 9a9ee-, b18 ~.,pra, le~ai representativea or aaaigna, and in the cve~at any sum of ~noney becomea payable under auch poiicy or policiea, the Mortgayee_, hie heira, legol repreaentativaa or aasigna, ahail ha.ve tl+~e aption to receive a»d apply the same on account of ths indebtedneaa hereby aecured or to permit the Mortgagor e to ~ receive and use it or any part thereof for othar purposes, without thereby tnaiving or impairin~ # any equity, iien or right under or by virtue of thia mortgage, and ma.y place and ~ Pav for auch insurance or any part thereof without waiving or «fjecting the option to forecloae or any right hereunder, and eaeh a»d everry asceh payment shaU bear intereat from date at the rnte of ten per cent. per annum. ~ ~ - ; S. To permit, eommit or'sufJer no waate, impairment or deterioratio~ of said property. or any ; w part thereof. i ~ 6. To perjorm, comply with, and abide by each and every/ the atiptclu~tions, agreementa, con- ~ ditions and eovereanta in said promiasory note_, and in thia deed set forth. 7. If any oj said sums of money herein referred to be not promptly and fully paid withi» ~ f i f teen a~y$ next af ter tlu aame severaliy become due and ~a.yable, or if each a~ed every tha ~ atipulations, agreementa, condition.a arui covenattts of aaid promiasory note and thia deed, or ! either, are not jully performed, complied u~ith and abided by, the aaid aggregate aum nientio».ed ~ ' at ~ in said promissory note_ shaA become dua and payable forthwith or tlaereafter at t)ae option of ~ the Mortgagee_, his keirs, kpat representativea or asaigria, as f~y a»d compieteiy ~ aa iJ the aaici Fort -s iz Hundred 31st -tro dc = aggrepate sum of llara were ~ origi»ally sti~ulated to be paid an y2any~ ing in said promissory ~note- or herein to ths contrar~/ ~wtwithatanding. IN WITNESS WHEREOF. tlu aaid Mortgagor e, ~oe ~~n~ det their ~ I hand 8 rtnd sea~i e the day and year jirat abovc written. ~ . ~ ~ Si , ealed and delivered i preaenee o us: l ' ~5~~ ~ ' ;t. ~ s' . s, ! • < ~ ! • ~ i - r ` ~ ~ ~l ~ ! ~ , ~ ( ; ~ ~ ~ : ` C i~ (Sea1) - . ~ . ~ ~ ~ S..L.3oko1 ~ ~/7it~ /n~Irrc~~~r~N f~rr f~,irrrl 1~~~: P.O. Boa 35-643 .1,G/r~s, M1am1 ~ Fl~t EG~ ~ _ - ~ ~ - ~z ~ ~.v..3 ~ - ~ q ~ ~=t" y -8 . r ~ ~?l.~r F ~ w a ~"a#'n" u'.`+C , . , ..v'Re`"r"~Si~`~. m'~iY1~n'~