HomeMy WebLinkAbout3312 L'
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, 1. To pny all n~ui aingular the pri~ue~?a! and interest and other sums of money payable 6y
~ virtue oj said promissory nott- ai:d thia deed. or either, pramptly on the duya respeetivety the I
; sa»ie severally become due, i
l Y. To pay aIl aiul singular the taxes, aaseasments, levies, liabilities, obiigatio~a, and encum-
I bra~ices of evcry naCure on said described praperty. each and every/, an.d if the same be not prompt-
ly paid the said Mortga~ee_, hi s k~ra, legal repreaentativea or aaaigna, may at any ~
time pay the same ivithout uaiving or a~Jectinp tht vption to foreclose or any right hereunder, ~
' ar~ ez~ gayr,tent so mude ahaZl bear intereet from, the dafe thcreof at ~he rate Af _.Len I
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ceni. per annuna.
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3. To pay all a~:d singular the coata, eharges and ex~enses, including iawyer'a feea, reaaon-
~ ably ineurred or paid nt any time by said Mortgagee-, hia heira, tegal repreaentativea
~ S their
or assigns, because of the jaiiure on the part oJ the said Mortgagor~, heira, legal
representativea or a.ssigna to perform, comply with and abide by each and every the stipulatiotw,
agreements, couditions ared covenants of said promissory note_ and this deed, or either. and
every such ~ayment shaU bear interest from date at the rute of tPn per cent. per annum.
! To keep the buildings now or hereafter on said land insured in a sum not less than
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' Hiszheet TnaurAhlP vA~ ~~e~f Prc~nert;~ nollars, in a company or companiea
~ to be approved by said Mortgagee-, and the policy or policies held by and payable to said Mort-
i 9a9eQ~~ his heirs, iegai representatives or assigns. and in the event
any sum of mone~ becomes payable under auch 7~oliey or polici.es, the biortgagee_,
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hi~ heirs, legal representativea or assigns, shail have the option to reeeive and
apply the same on accouni oj iiee in~iebiednesa aereoy aecured or io p~rmii iRe inoriyayvr
~ w ~
'i receive and use it or any part thereof far other purposes, urithout thereby waiving or impairinp ~
~ any equity, tien or right under or by virtut of this mortgage, and may place and ~ay for such
` insurance or any part thereof without wuiving or affecting the optian to foreclose or any right
~ hereunder, and each and eve~y aueh payment shall bear interest from date at the rnte of ten =
i
~ per eent. per annum.
~ 5. To permit, commit or auf
fer no waste, impairment or deterioration of said property. or any
s part thereof.
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~ : 6. To perjorm, co»:ply with, and a.bide by each and every the stipulation8, agreementa, con- I
~ ; ditions and covenauta in said promissory note_, and in this deed set forth. .
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~ ~ 7. I/ anb of said sums of money herein referred to be not yrrompUy and fuUy paid within
~ i f 1 iteen ,~abs next ajter tlu same severally become due and payable, or if each a»d every tha
~ ` sCipulations, agreements, conditions and eovenants of aaid promissory note.- and this deed, or
~ ` either, are not fully performed, complied with and abided by, the said aggregate sum mentioned
~ ; in said promissory note_ shaA become dtce and ~ayable forthwith or thereafter at the aption of
~ ~ the Mortgagee-, h~ 4 heirs, lega~ representatives or crssigna, as fully and eompletely
; as if the said aggregate sum of ~ ollara wtre
~ ~ originally stipulated to be paid on sueh y, anything in said ~romissory note- or herein to the
i contrary ~wttvithsta.rtding. 1
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~ IN NITNESS TT'HEREOF. the said Mortgagor
~ have h~¢~ntp 8et their ~
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~ , hand e ~nd seal $ the day and year first aboue written. ~ ~
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~ ~ Sig , sealed a d 'vered in presenee of us:1 ~ ` ~c ~ r -(S~~
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