HomeMy WebLinkAbout0173 1. To pay aII and aingular ths principai and intereat and other suma of money payabls by
virttce of said promisaory tate_ a»d this deed, or either, prompuy on the daya respectiv~ty the
same severally become dus.
S. To pay all and singular• ths taxea, aaaeaamenta, leviea, liabslitiea, obliyationa, and encum-
brances of every nature on aaid deacribed property. eacA and every, and if ths aarna bs not prompt-
ly paid tha said Mortgayeeg~, their ldyal repreaentativcs or aaaipna, tnay at a»y
time pay the same without waivir~ or af~ectir~ the option to forecloae or any riyAt i~areur~der,
ar~d every payment ao made e1taU bear intetea! ~rom ths date thareof at tha rnte of_Ii___per
cent. per a~a~era. ~ .
s. To pay alI and aingular the coata, char~ea and expensea, including lawyer'a fsat, reaao~-
ably incurred or paid at any time by aaid Mort~agee s~ their t~ra, ie9ai rapreaenta~tivea
or assigna. because of the ja~Ture on the part of the aaid Mortgagor~ their heirs, leyal
representativea or asaigna to perform. camPlY with and abide by each and every the~ atipulationa~
a~~ements. conditiona and covenants of said promiasory note_ crnd this deed~ or etither. and
everi/ such payment skatT bear intereat from date at the rate of per cer?t. per annum.
4. To keep the bu~dinga raw on c~reafter on said land inaured in a aum not ieaa than
Twenty Four Thousand noUara, in a compatty or companiea
to be approved by 8aid Mortgugee.~, and tlu policy or policiea held by and payable to $aid Mort-
9a9ee s~ their keira, legai representatives or asaig»a, and in tha avent
any sum of money becomea payable under auch policy or policiea, the Mortgagee S, their
heira, legai repreaentativea or aasigna, shali have the aption to receive and
apply the same on account of the i»deb~ednesa he~eby aec-Tred or to permit the Mortgagor_s. to
receive and use it or any part thereof for other purposes, urithout thereby waiuing or impairing
any equity. iien or right under or by virttit of ihis mortgagc, and may place and 1~ay for such
insurance or any pa.rt thereof withaut wui»ing or af
f
ecting the aption to f
orecloae or any right
hercunder, and each and every auclc payment thaU bear interest jrom date at the rate of
~ per cent. per anmtm.
5. To permit, commit or suf
f er no ~eoaate, impairment or deterioration of sa.id property, or any
part thereof.
i
! 6. To perform, comply urith, and abida by ea.ch and every the atipulatiorea, ctgreemertta, con-
i ditions and cavenants in said pr-omissory twte._, and in this deed set forth.
I If any of said sums of money herein rejerred to be not promptiy a»d fully paid within
~i ten •~ays next after tha aame sevcrally become due and payable, or if each and cvery t/ee
i atipulations, agreementa, co»ditions and covenanta oj said promiasory note_ and thia deed, or
i
~ either, are not ftclly performed, corri.plied with and abided by, the aaid aggrega#a sum mentioned
, i in said pramissory note_ shaA become due and payabie forthwi#h or thereafter at the option of
; ~ the Mortgagee~, their heira, legal rcpresentatives or assigns, aa fully and comp~etely
` ~ aa if the said agrgregate sum of Fifteen Thousand Five Hundred----------- ~~,ta were
~ originally atipulated to be ~aid on such day, anything in sa.id promissory note- or herein to tl~
contrary ~wtwithstanding.
IN WITNESS WHEREOF. the aaid Mortgagor S, have ~~nto set th
hand~ and seal~the day and year first ab e ' ten.
~
Signed, sealed and delivered in preaenee of
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(Seal)
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