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Home My WebLink About2851 i - ' ~ and ahaU. perform, comply with and a6ide 6y each and e~ery the afipulations, agreemenfs, conditions and ca~e- nants''o/ said promissory nbte__.... an~I o( ~his d~ed, then tliis deed and the estnte thereby created shaU cease and ~ be null and votd: . ~ 1. , The Morlgagor hereby couenants ~and ngrees: ~ ~ (a~ To pay a~~ and ain~u~qr the principa~ nnc~ interest and the uarious ancl sunc~ry sums o~ money pay- a61~ 6r oirtue of the aboue described promissory note...._., and this ntortgage, ~d any a,~d Q!I ~+enewals o/ tlae same, or ~y part t6ereoj, nnd also any and all oiher loaru c~/or advancemenls wl~ich may be made by Mortgagee to Mortgagor. prompl~y on t~e days respectively Itie snme severally 6ecome due. (6) To pay all and singular ihe tnxes, assessments, levies, liabi~ities, o6ligations a~id encum6rancea o~ every nntute, on said descri6ed prope?ty each and every. ant~ iJ tl~e same be not prompfly paic~ the Mori- gagee mny at any time pay tf~e same without waiuing or a~(eciing the option fo foreclose or any rig{et here- uncler and euery payment so mnde s/~aII 6ear interest (rom t~e c~ate t~iereo( nt t~e rale o~.._.._._._ $._.___.___per ~ centum per annurrt. (c) To pay nII and singular t~ie costs, charges nnd e~rpenses, including Iamyer's /ees and abstract costa t reasona6ly incurred or paid at anq lime by the Mortgagee becnuse oJ the jailure on the part oj the Mort- gagor to per~orm, comply with and abide 6y eac6 and every tl~e stipulations, agreements, conditioru und _ covenant~ of said indebtedneas and said promissory note_...._ and tF~ia deed, or eilher, and every sucli pay- . ; ment shall b~r interest ~ron~? date at the rate oj....._.... $______________per centum per annum. ' (d) To keep the 6uildings now or herearter on said land inswed a ains lo s by /ire 'n n sum . ot less ~ ighest insurable v a1U~ hig~ie$~ nsur ~le va~ue _ ' than and against loss 6y u~iredsform in a sum not less t~an in ' ~ u company or companies and through Inswance Agents or Agencies to be named and designated 6y t6e , ~ Mortgagee and tl~e policy or policiea shnU be held antl payabTe to !he Mortgapee. In tbe event any sum oJ money becomea ~xiyabie under such policy o~ policies, the Mortgagee sh~ll have the option to receioe - aed apply tF~e same on account oj tl~e indebtedness hereby secured, or to permit t?~e Mortgagor to receiue ; and use it or any part t~ereof lo~ ot~ier purposes, without l~ie~eby waiuing or impairing any equity. ~ien f or right under o~ bq virtue o/ t1~is deed, nnd the Mortgagee mnq place and paq /or such inswance or any I part thereo~ u~ithout wniving or af(ecting the optiort to ~oreclose or any right l~ereunder, and eac{~ and , i every suc~i payment shall bear interest ~rom tlale at the rate o~________ 8...._...__..per cenlum per annum. i ~ (e) To permit, commit or sujJe~ no wasfe, impairment or deterioration of saic~ properly or uny puri i ~ the~f. ~ (f) That ij any oj said sums ol money herein re~erred eo be not promptly and ~uily ~td within__3Q.... I1 days n¢xt af ter the aarrte aeverally becomes due ond paya6le, or i) eorb and euery the stipulaiions, agree- I ~!j ments, conditions and covenants oJ said promissory note and ikis deed, or eit6er, are not JuI[y ~~Jo?med, i '~i, complied wilh and abided 6y, tT~e taid aggr~egofe sum mentioned in said prornissory noie, and arty r~enemal f ~+~I thereo/, and nII indebtednesa (rom Mortgagor to Mortgagee, shall become due and payable /orthwFtl~, or ~ ~ therea(ter pt fhe option of fhe ]~'fortgagee at fujly an~I completely os if the said a$gregaie sum of said in- ~ debtedr~ess anc~ saicl promissory nole was originally stipu~nfed "to be paic~ on such day, anything in satc~ ~ promfssory note or ~ierein to the rnntrary notwil~stanc/ing. (g) Thnt in order to accelerate the matwity oj the indebtedness here6y secured, 6ecause oj lF~e (nil- , ure o/ the Mort~a~or [o pay any [qx, assessment. Iia6ili(y, obligation or encumbrance upon snid properly, ; aa {~erein prout ed tt s~aj! nof be necessary nor requisife Ihat the Mortgagee shull Jirst pay tf~e same. ' j~~ (h) To per~orm, comply tuifJ~ and a6ide by eQCh ur+J Pverp the stipulalions, ngreemenl3, conditions and 7 covenants In snic~ promissory nole and in t~is deec~ set jorl~. ~ ~ i I j 2. T1te lfen f~ereoj ahaA extend to and include tlee uae, rents, and projits o~ said premises. 6ut ~{~e l~lortgagor s h a l l h a u e 1 1? e r i g l ~ t to re main in possession oJ sai d premises an d enioy tf~e use, uncr !o receii~e Ihe rents and pro(its ` I Ihe?eof, wilhout accounting fo fhp ~~orl~~uyee Il~ere(or, so ~ong as Il~ere sI~nII G~ no t(e~aulf 6ereunder, prouided i ; j' Iha! in the event o( any such cloJuult l~~r~~u~clpr (or o period of_.....3Q_.......da s, tf~~ l~lorl~a~ee shall be entitled !o i i 1{~e possession and use o~ saicl morlfiac~cYl premiset. anc~ fo recei~~p anc~ app~y I~~e n~~l renfs an~~ pro~ifs Iherpo~, ~ upon and fownrd ~I~e paymPnt a! tl~r indebfet/ness l~creby secure~l. , I' ~ . ' ~ - - ~ ~ r t dn l~ ~1~ ~~4GE ; ~ s~,,,~, _ _ . _ _ , ~ = Y