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Home My WebLink About0561 . ~ . ~ . } s ' . f ~ r?nu siu~li duly, prompqy and fully pcrform, disch~rge, execute, ef:eci, complet~, compiy wlth and abid~ by each and every :he stipulations, agreements, cond?tior~s and covenants of said prom~ssory note and ot Lhis mortgage. ti~en this mortgase and the estate hereby crcated shall cease and be null and void. It ~s understood that each of the ~vorcis, "note," "mortgagor" and "mortgagce" respcctivcly and the nron- ouns rcferring thercio. whether in the eingvlar or p3ural anywhere in this mortgage, ahall bo aingular 1t one only s`" und sl~a:1 be piural joinUy and severally. i! more than one, and shall be masculine, feminine and/or neuter~ wher- aver the coniext so impliea or admita. And said Mortgagor for himself and hia heirs, legal representatives, successore and assi~ hereby coven- - ent~ anu a~rees to and with aaid Diortgagee, his legal represen:atives. successore and aa9igr~s: 1. To pay nll and eingular the principal and interest and the various and aundry aums ot money payable by viriuc of said promisaory note. aad this mortgage~ each end every. promptly on the days respective~y the same ; eeveraily become due. ? i 2. To pay ail :u?d s+n~ ilar thc ts?xes, u.asessments. Icvica, liabilities, obli~;ations nnd incumbrances ot evcry ~ nature nn4 :cind now on saic] described property, nnd/or that hcreaficr may be imposed, auffcrea, placed, le~•icd = or assessed iliereupon, and/or that hercafter may be levied or ass~;ssed upon this mortgage and/or the indebted- f ness vecured iiereby, each and every, when d~ie nnd payab~e accarding to lo~v. before they become delinquent, _ an~l before any interest attaches or any penaity is incurred; anu ~n ao far as any thereof is ot record the sn~ne t ~halt be pr~mpUy satisfied and dischurged ot record and the ori~inal oft~cial document (auch as, for i~L9tance, ; Lhe tax recei, L or L'ne satistaction paper of:iciaily en~lorsed or ceriified) ahall be placed in ihe hands o: said ' ~tort~a~ee within ten days next after payment; ond ~n the evcnt ihat any thcreot is not so paid, satisficd and ~ dischar~ed, said ~iort~agee may et any iime pay the same or any part ihereof ~vithout ~vaiving or uffeci~ng any optipn, :ien, ec~uity or right under or by v~rtue ot this mortgage, nnd the iull amount of caci? e?na every sucn payment ahail be immediately due nnd payab~e and shali oear intcrest from the date thereot until paid at tne rate of ten per centwn per annum and together with suct-. intereat ahall be secured by the lien ot thia mortgage. 3. To piace and continuously ;cee~ on the buildin~e now or hereafter aituate on said land tire and windstorm insurance in the usual standard policy form, in a sum not less ihtu? s_...Maximtun,,,,,,,,,,,,,,,,,,,,,,,,,,,~ ~n such com. pany or conipanies as may be approved by said Dforiga~ee; and all auch insur•?nce policiea on any of snid build- . in;;s, ar.y inierest therein or part thereof, in the a~gregate aum aforesaid or in exce.ss thereof, ahall contnin :ho usuai siandard moregagee clause ma~cing the loss under said policics. each and every. payaUle to saici Dtortga- ;,ee as h~s interest may appear, and each and every such policy shall be promptly delivered to and lield Ly Aaid ~:ort~a~ee; and, no[ less than ten days in advance of the expiration ot each policy, to deliver to said ~IortKn~ee , fl renc~val tnereo:, to~ether with a receipt for the premium ot such relewnl• and thera shali be no such insur- ~ ance placed on any of said buildings, any interes[ therein or part thereof, unless in the form and with the I099 ~a~•a~~:e as aioresaici; and in the event any sum of money becomes p~yable under such pollcy or policies sai~ ~:o?•c~;:~~,ee shzll ha~•e the ~ption to recei~e and appiy the seme on account of ihe indebtedness secured 'nereby or to rer~~~it said biort~a~or to receive and use it or any part thereof for other purposes without thcreby wni~:ng ~ or irnpsiir.nh any equity, lien or ri~ht under or oy virtue of this mortgage; end in the event said Mort;a{~or shall for ~ny renson fail Lo kecp the ~aid premi~es so insared, or fail to deliver promptly any of snid policies oi . in.urance to said ALortgagce, or fail prompUy to pay f~illy any premium therefor. or in any respec[ tai3 to per- For:n, dti~cnarge, exec:~te, e[fect, coir:ple[e, comply ~~-ith Rnd abide by thi9 covennnt, or any part hereof~ s~id ~:ortg- a~,e~ may pl:~ce and pay for 6uch insurance or any part thereot without ~vaivins or A[tecting nny option, 1ien, equity or rig'nt under or by virtue of thie morigage, and the fuil aqiount of each and every such payment shnll 5a irnmedfateiy due and payable and shall bear interest from the date thereof untll paid at. U~e rate of ten per centum per annum and together with such interest shali be secured by ihe lien ot thia mortgage. s. To pcrmit, commit or auf[er no waste, impairment or deterioration of sald propetty or any part thcreof. - 5. To pay nU end ainFular the costs, char~es and erpenses, including reasonuble lawyer'e fees and cost ot ' abstracis of title, incurred or paid at nny time by said Moctgagee because and/or in the event of Uie tetiuro o:. t1;e part of the snid Mortgagor to du3y, prompfly and tY~liy perform, discharge, execute, effect. completo~ ~ comply with and sbide by each and every the stipulations, agreerr~ents, condiilone and covenanta ot said promis- sor~ noie, and this mortgage, any or elther, and said costs, charges and e~cpense9, each and every. ahall be im- medintely due and payab2e, whether or not there be notice, demand, attempt to co;lect or aufL pending: and the :sll amount ot each and every such payment ahall bear interest from the dato tl~ereot nntil pald ot the rate o! ten per centum per annum; and all said coste, charge~ sad sxpeaoe~ oo facussed or p~id„ to~sther witb ~ucb in- tereat, aha11 be secured by the ltea oi tAL mortgega ' d~fl~ 343 PAcc1351 • 800K ~v~ PAGE ~ . f~~~~ ~ - ~ . ~ -