HomeMy WebLinkAbout0131 1. To pay all and ain~ular tke princepal a~d intereat and other suma oJ money payabla by
virtue of said ~nromisaory »ote_._ and thii deed, or eithsr. promptly ox ths days twpeclively tl~e
aame aeveraUy bscome due.
S. To pay all and singular th4 taxea, aaseaame~nfa, 1~viea, ~iab~Titiea, obli~ationa. and erieu~n-
brancea of every nature on aaid deacribed property. each and every, and if tlas same be ~ot prompt~ ~
ly paid the scqd Mort~ayse~, the~ keiri, leaal reprsaentativea or aaaipne, 'ma~? at anti
time pay the aame without. waivin~ or afJsctiny ths optio~t to ~oreeloas or any riyht hetetender, ~
arid every ~iayment ao mads ahall bsar interea! ~rom the dats thersoJ at the rnte of 7~er ~
cent. per annx~. -
s. To pay aI1 and aingular the coab, char~ea and expensea, i»cludiny lawyer'a feaa, reaaori- ~
ably ineurred or paid at any time by aaid Mortgagee.~., their heira, lagai rspraaenta~ivet .
or aasigna, because oj the fa.~ure o~t ths part oj the aaid Mortgagor their k~~ `
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repreaentativea or aaaiQna to !~'f~, ~Pjy with and abide b~y each and every tha atipulatio~a, ~ f
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agreementa, conditiona and covenanta of aaid prvmiasory note_ ord this deed, or either. and ~
every such payment aha11 bear interest from date at tha rate of 7 per eent. per annum. .
To keep :the buildinga now or hereaf
ter on aaid land irest~red in a aum ~tot leaa tltu~
highest insurable value notlara, in a company or companiea
to be approved by said Mortgagee~., and tlu poliey or polieiea hetd by and payabie to aaid Mort-
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9a9ee~ the~ ~eira, le~al repreaenta~tivea or asaigna, und ix tha etten# ~
any sum of moreeev becomes payable under auch poI~cy or policiea, the Mortga9e~, their ~
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heira, legai repreaentativea or aasigns, shaii have t1u option to reeeive and =
apply the same on account of the indebted~teaa hereb~/ secured or to per»iit the Mortgagor
S to
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receive and use it or any part thereof for other purposea, without thereby waiving or empairiny
a'?s7l e4'~11, iien or right under or by virtue of thia mortgage, and may place and Patl for aueh
insurance or any ~a.rt thereof urithout. waiving or affecting ths optiott to forecloae or any right -
hereunder, and each and every such payment ahaU bear intereat from date at tha raze of 7 =
s
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4 I per cent. per annum.
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~ ~ 5. To permit, commit or auffer no wasta, impairment or deterioratian of said property. or any _
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j part thereof. {
6. To perform, comply zoith, arui abide by each and every the atipeclationa, agreements, con-
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~ + ditions and eovenanta in said promiasory note_, and in this deed set f
orth. ,
a y. If any of said sums of mone'/ harein referred to be not promptiy a~ed fuliy paid within
~ 3~ s next ajter thi same severaAy become dtce and
1/ payable, or if ~aeh. and every the
~ stipulation.s, agreementa, conditiona and eovenants of said promiasory note_ and thia deed, or
~ ( either, are not fully performed, eompiied with. and abided by, the aaid aggregate sum mentioned
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~ , in said promissory note_ shaA become due and gnayable forthwith or thereafter at the option of
~ I the Mortgagee s~ t~eir l,~:rs, legai representatives or assigna, aa f'uU1l and~, ve `~e 1
~ II irty three Thousand three hundred sevent ~
~ ~ aa if the aaid aggregate sum of~ y'~*a were
~ ariginally stipulated to be paid on such day, anything in said promissord note_ or herein to tha
~ contrar~/ ~wtv~ithstaruitng. t
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~ ~ IN WITNESS WHEREOF, the said Mortgagor~, have h~~ 8e~ the ir
~ I ha.nd S
and seal s the day and year first above urritten.
; d, aealed and delivere~ in preaenee of us:1 (Seai) _
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