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Home My WebLink About1849 ~ P1~pVl(~C(~ 1~WA 8~ that a/' aai.c~ J1foT~~a~or ~ his heira, legal rep~esentativea or assi~na ahall pay unto ~hs~8oid .Mort~a~ee, tts auccessors, le~al representatiues or assi~ns, the certain promtssory note , oJ whioh the followin~ in worda and fl~ures 1 s a true oopc , to wit: descripti.on Seven (7) promissory notes of even date herewith numbered 1 . through 7 consecutively. The first 6 of said notes being~in the principal sum of $11,157.14, and Note #7 in the principal sum of $11,157.16, said notes maturing serially, annually, 1, 2, 3, 4, 5, 6 and 7 years after date; said notes being signed by the mortgagor and made payable to the order of the mortgagee, and drawing interest after date at the rate of 7 percent per annum, payable annually. Said notes may be paid prior.to maturity without penalty and with interest to date of payment only. I~ ~ . I I ~ ~ ~ and ahall perfor~n, comply with and abide by each and every the stipulationa, agreer?zents, conditions and covenants oJ said promissory note and of this deed, then this deed and the estate hereby created shall cease and be null and void. ~ AII(1 the said .llfortga~or , for himself a~ his . heirs, legol 'f ~ representatives and assigns, hereby covenant and a~ree : i - ~ 1. To pay all and aingular the principal and interest and other sums of ~noney ~ j, payable b~ virtue of said prom,issory note and this ~eed, or either, promptly on ~ i.the days respect.ivel~ the same $everally come due. I t liabilities, obli ationa To pay ail and singular the ta~es, aaseasments, evies, ~ , and encumbrances o~ every nature on aaid described property each and every, and. i if the aarrae be not promptly paid the aaid .llfort~agee, ita successors, legol repre- ~ ~ sentatives or assigns may at any time pay the sam,e without waivin~ or a~`'ectin~ ~ the option to forectose or any right h.ereunder, and every paym.ent so mad6 shc:li i bear interest frorri the date thereof at the rate of 7 per cent. per annurra. ~ To pay all and ~ingular th.e cost8, char~es and e.~peH„Bes, includin~ lawber's j fees, reasonably incurred or paid at anb time by said .Mortgagee, its auccessors, te~ol ~ ~ representatives or assigna, becauae of the failure on the part of the said Mort~a~or , ; his h,eirs, le~al representatives or assigns, to perforrri, comply with and abide by each and er~ery the stipulations, agreements, conditions and covenants ~ of said pro»ziasory note and this deed, or either, and er~ery such paym.ent ahall bear interest fro~n date at the rate o1 ~ per cent. per annu~n. ~ ~ To keep the buildin~s now or hereafter on Said land insured in a sum not ~ less than dollars, in a company or companies to ~ be approved by said Mort~agee, and the poticy or policiea held by and payable to ~ said Mortgagee, its auccessors, Ze~al repre.sentatives or assi~na, and in the event any ~ su~n of money becomes payable under such policb or policies, the Mort~agee, it8 ~ 8ucceasors, le~al representatiues or assigns, shall have the option to receiae and appty the same on account of the indebtedness hereby secured or to perm.it the .Mort~a~or to receiae and use it, or anb part thereof, for other purposea, without thereby waivin~ or irrcpairing any equity lien or ri~ht under or by airtue of. this mortgage, and may place and pab for such insurance or any par.t thereof, without waiving or a~`'ectin~ the option to forectose or an~ rigkt hereunder, and each and every such pabment ~ 8hall bear interest from date at the rate of ~ per cent. per annum. 6t'CR21J FACE~S~V , - _ ,.r ' ~ r i ~:a~.-;~_,~