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Home My WebLink About1403 r I l , ~ ~ _ ; ~ ~ 5 e ~ # ~ ~ . ~ I ~ ~ ~ and shall per(orm, comply witli n~u1 abide by ~ach ared ~e~ery IJ~e slipalations, ngreemenis. cori~Iilions and cove- ~ ~ants o) said promissory note_..... un~l of 11~is dc•~d, then d~is dec~d and Ihe estale there6y crenled sl~all cease nnd ~ ' 6e null and iwid: i. The Mortgagor hereby coe~eremets and agrees: i (a) To pay all and singu~nr Il~e principa~ and ir+terest anc~ the ua?~oiu and sundry sums oJ money pay- + ab~e 6y virlue o~ the a6o~e described promissory note___._., nnd this mortgage, and any and ull reneu~als of ~ I the snme, or any part !he?eo), and also any and all other loans and/or advnncements wl~ich may be niade 6y ~lortgagee to i~Iorlgngor, prompl~y on i~ie days respecli~+e~y ihe same severaUy become due. ~ ~ (6) To pay all and sin~ular tl~e taxes, assessments, Ievies, [~ab~iities, obligations niu( encumGrances o/ i ~ ~ every nature, on said described property each and eaery, a~nd i~ t~e same be not prompfly paic~ tl~e 14~ort- ; ( gQ~ee r?tay at aisy time pay fhe sa~ne witl~out tuaiving or a~'ecling the option to (oreclose or any rig~it {~ere- ~ j ~ ~i unc~er anc~ e~~ery payment so made shall 6ear i~it~~rPSt (rom t{~e c~ate thereo~ af fhe rale of___.__.7-.1I2..per ' ; cenfum per annum_ ~ +j (c) To pay a11 a?id si»gular !he costs, charges ar?d expenses, including lawyer's f ~es and a6slract costs ~ reasona6ly incu?red or aid at any time 6y the Martgagee 6ecause of the (ailure mi 11~e part o/ t6e Mort- I gagor to per~orm, comp~y witk and a6ide by each and e~~ery the stipulalions, agreemen(s, conditions and I' covenants o( said indebtedness and said promissory note_.__.. nnd t/~is deed, or eif6er, nnd ei•ery suc/i pay- I~ menl shall 6ear interest from ~aie at the rale oj._._...7`ll~.___._per centum per annuin. ; j (d) e~st,~e ~~il~i ~p,td~i~ o~~~~~ter on said la~~d insurec~g~~s ~~~~b~~rt ~ll~s~ : l than 5---- and against loss 6y wi~dsiorm in a sum not less thnn S.----.~....-------------------• in ~ I a company or companies and through Inswance Agents or Agencies !o be named nnd designated by the` t I Mo~tyagee and the pojicy or po[icies s1~all be hele~ and payable to the Mortgapee. In the ei~ent any sum ; ' ~ oj money becomea payable unc~er suck policy or po~icies, tl~e Morlgagee shall I~ave ttie option to receive f ' ancj app~y t~e same on account of the indebtedness here~y secured, or to permit !he ~~orlgoflor to receiue ~ I and use it or nny part thereof ~or otf~er purposes, wif~ou! thereby waiving or impairing any equsty, ~ien t ' j! or ri ht unc~er or b virlue o this g g y p~Ctce ant~ pay ~or such insurance or any g y f cleed, anc~ the ~1ort a ee Ma ; f ~ ~ part t{~ereo/ without waiuin~ or a)jecting the option to foreclose or any regl~t hernunder, nnd eacl~ and q ; ~ I euery such payment shall ~ear i~tteres! from dnle at 1he rale o~_.'~r~,~~..____.per cenlum per iinnum. ; ~ f I (e) To permit, commit or suJjer no woste, impairment or deterioretion oj sai~ properly or any pari ~ ~ ~ ( ff~ereo% ~ ~ i ~ ~ I T~at i~ any o~ snic~ su?ns o moreey hereire r%~recl !0 6e not promptly and /u~~y pnid within___.__.3~ ~ € days nPxt a Jter t he snme se~era l~y 6ecomes due an d paya 6 le. or i J eac l ~ an d euery the stipulatioris, ngree- ! ~ ~ ments, conditions and covenants o~ said promissory note nnd t~is deec(, or eill~er, are riol f uljy pe?~ormed. ~ complied with and ab~ded by, tl~e saicl aggregafe sum mentioned in sai~I promissory note, and any re~~eu~al ~ i i ihereo), and Q~I indebtedness /rom Mortgagor to Mortgogee, shall 6ecome due antl payable /ortF~u~it{~, or ~ thereti(t¢r at the option oJ the Mortgagee as f ully and comp[etely as iJ tF~e snitl aggregule sum o( saiJ in- ; ; ~ ~ de6tec{'ness anc~ said promissory note was_ originally stipulalecr to be pctid on such t~ay, anylhing in said ? ~ promissory note or herein [o the contrary notwil~stanc~ing. R ; ± (g) Tf~ut in order fo accelerote the maturity of t1~e indeb~edness hereby secured, because o1 ehe ~ai~- ~ ` ure o~ ~he Mortgagor to pa any tax, cusessment, jin~i~ity, ob~ipalion or encumf~?ance upon said property, j E i as herein prouided, it sl~al~not 6e necessnry nor requisite Ihat I{~e Mortgagee shall (irst pay the same. ~ j' i (le) To perjorm, comply will~ and a6ide 6y ealch and ei•en Ihe stipulalions, agreements, conditions and = ~ d I covenanls in saic~ promissory nole ancr in Ihis l1PP~ SPt Jorlh. ~ ; j~i 2. T?~e ~ien 1?ereo/ shall extend to nnd inclucle t1~e use, renls, ~nd pro(i~s o) said premises. 6u! the ~lortgayor , .hall have tf?e rig{~t to ?emain in posses~ion o~ saic~ premises ane~ enjo~ f{ie use, an~ 1o receive 1{~e renls anc/ pro~ils j j~j~ i{~ereoJ, wilhout acco~uiting to t/~e• ,~lorlt~ayee lhere%r, so ~on~ as 1{~er~ s/~~1~ be no de(au~t hereeu~der, prot~iclerl ; lhnt in the ei~ent o( any such d~~~ult lior~~~ncl~r jor a periorl oj---.--3°....___~r~,~. ~r~e ,'~/ortyagee sl~al~ bp ~nlilled to ' il~e possessiort nncj use o~ saicl morfuac~eKl pr~mises, unc~ !o rereit•e ancl appjy t~~e ~irf renfs a?~~ pro~ifs f~er~o~, { upon and toward the paymen! oj l1~~ inrlel~iedness hc~reFiy securecl. 4 ' i i ~ ~i ~ ; ! ' ! ~ i 6JOx i~~f~~ ` - - t~,~.-~ ~..:x~ : _ , _ _ .~,,.~3