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HomeMy WebLinkAbout1851 ~ 1 l. To pay all and aingular the principal and interest and other sums of money payable by virtue oi eaid promissory note_ and this deed, or either, promptly ~n the days reapectively the same severally become due. ` 2. To pay all and singular the taaea. assessments. levies, liabilities, obligations. and incumbrancea of every nature on said described property, each and every. and if the same be not promptly paid the said Bdortgagee_s., ~-heir heirs, legal representatives or aesigns, may at any time pay the same without waiving or affecting the option to foreclose or any right ~ hereunder, and every payment so made shall bear interest frQm the date thereof at the rate of ~ per cent, per annum. 3. To pay all and aingular the costs, charges and expenses, including lawyer's fees, reasonably incurred or paid at any time by said Mortgagee~. their legal representativea or assigns, because of tbe failure on the part of the said Mortgagor, its successors, legal representatives or assigns, to perform, comply with and abide by each and every the atipula- tions, agreements, conditions and covenanta of asid promissory note_ and this deed, or Pather, and every such payment shsll be.ar interest from date at the rate of ~ per cent, per annum. 4. To keep the buildings now or hereafter on said land insured in a sum not less than S~~ frnrr Thot~and; Five H?mdred and I~/100ths nollars, in a company Or companies to be approved by said Mortgagee-, and the policy or policies held by and payable to said Mortgagee~., their heirs, legal representatives or assigna, and in tbe event any sum oi money becomes payable under such policy or policies~ the Mortgagee~, the~ r heira, legal representatives or asaigns, ahall have the option to receive and apply the same on account o! the indebtednesa hereby secured or to permit the Ddortgagor to receive and use it or any part thereof for other purposes~ ~vithout thereby waiving or impairing any equity. lien or right under or by virtue of this mortgage, and may place and pay for such insurance or any psrt ~ thereof without waiving or affecting the option to foreclose or any right hereunder~ and eacb and every auch payment shall bear interest from date at the rate of~per cent per annum. _ 6. To permit, commit or suffer no waste, impairment or deterioration of said property ~ or any part thereof. ' 6. To perform, comply with, and abide by each and every the stipulations, agreements, ! conditiona and covenants in said promisaory note-, and in this deed set forth. ~ , 7. If any of said sums of money herein referred to be not promptly and fully paid ~ i : ~ i within 3~ ,days neat after the same severally become due and payable, or if each and ' t ~ I every the stipulations, agreements, conditions and covenants of said promissorq note- and - ~ ~ this deed, or either, are not fully performed, complied with and abided by, the aaid aggregate ~ ~ ~ sum mentioned in said promissory note_ ehall become due and pay able forthwith or there- - 1 after at the option of the Mortgagees_., thPi r heirs, legal representatives or assigns, as ~ fully and completely as if the said aggregate sum of S__yi.~,~ fo?a Zh~and. F3,ve Htmdred , ar~ NO OOths dollara were originally atipulated to be paid on auch day, anything in said ~ ~ ~ promissory note_. or herein to the contrary notwithstanding. ~ ~ - ~ ~ ~~a. C IN WITNESS WHEREOF, the said party of the first part haa caused theae J ~ I 1;1~J presents to be signed in its name by ita = j_ ` '.a(~orporate President, and its corporate seal to be affixed, : J -r . r 1 ~ ; - ° ~ $eal) attested by its Gecretary the day ~ ' ~ ~ ~ . ~ - .4'• G; \ and year above written. I ~~e~~.... „c ~ i ''~~~.,.l...,,,.•,.~' Secretary. ~ • ~ . ~ I gi ENTERPRISES, INC. ~ , sealed a elivered in the presence of: C. M. ~ i ~ C . ~ By . ~ President. i . ~ S1dt lnstrlment ~re~ue~ ~1 ~ ~ ~lAlrn. D. Andersen, Ir., ~ttornd ~ +p. 0. Box 2011. De~ee B~ild+~ ~ Stbut,'~h. 33494 ! eocK 2~~ r~rE1~5Q ~ - -