HomeMy WebLinkAbout2158 .1 ~ i. i:
1. To pay aU and rirt~utar ths prineipas a~d tntereat and otl~er su»ia o~ monay payabls by
virtue of aaid promiuory note~.. and tliia deed, or either, P~'~Ptty on t.he daya respeetiv~iy t~ke
aame aeveraliy become dus.
t. To pay aU a~nd ainyular t~e taxea, aaseaamenta, leviea, liab~Titisa, obli~ationa, a~d e~c~em-
brancea oj every nature o» aaid deacribed property. eae11 and every, arid if the aame be uot prompF ;
ty paid the ~aid Mortyapse~ , their i,~, lsyai repreaeNtatives or aa+ip~, +na~? at a~tY
time pay the same uritltout waivit~ or a~f
eetinp the option to f
oreeloas or any riQlat heretatder,
and evary payment ao made altaii bear intereat from tl~s dats tharsoJ at tl~s rats of
10
~
cent. per a~aaa~.
J. To pay all and sengular the eoab, eAaryea and expenasa, inei~ding lawyer's feea, reaao~-
ably incurred or paid at any time by aaid Mort~ags~s., their ~ra, legai rspreaentativea
or aaaigna, beeau.ie of ths fa~Ture on tl~ part of tl+~ aaid Mortga8or-, his ~~a, ~yd
repreae~#ativea or asaiQ~a to P~"f~, ~Ptf? teith and abide by eaeh a»d evary ths atipWlationa,
~ agreementa, conditio~ea and covenunla of aaid promiaaory note~ and thia deed, or either. ca~d
evert/ such payment ahall bear intereat ~rom dats at the rate o~
1~ per cent. per annttm. _
.i. To keep tha bu~dinga noia or hareaJter on said land ins~ured in a aum ~?sot kas than.~ll~ ~
f full insurable va.lue noUara, iri a company or companiea
~
~ to be approved by aa.id Mortgagee_., arul the poliey or policiea held by a»d payabis to aaid Mort- '
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~ gagee~, their keiri, I~yal rapreaerttativea or aaaigna, and in t)te event
any aum oj mmiey beeomea payable u»der sueh poIicy or policiea, the Mort~uyees , their
heira, Iega1 repreaentativea or aasigna, alaali have tha option to reeeive w~d
appl~ the same on account of the indebtedneaa kereby seeured or to permit tlas Mortpapor to
receive and uae it or any part thereof for other purposea, ~enithout thereby waim~ny or impairiny
' any equittl. lien or rigkt u»der or by vertt~e of thia mortgagt, and ma.y pIa~ce and 1~U for aeceh
~ ! insurance or any part,.th8f'eof witliout waiving or affectin9 tlae optio~t to foredoae or any10 ht
; ~ hera~nder, a~nd each and every iuc~ payrRent shall bear intereat from date at the rate of
~ i per eent. per annum. -
~ .
5. To permit, commit or auf
f
ar rio wa8te, impairment or deterioration of said !n'oP~+'tY~ ~~Y
~ part thareof.
~ 6. To perjorm, comply zvith, and abide by eaeh aatd every/ tlee stipulations, agreementt, eo~ :
~ ditiona and eovenanta in said promisaory nota~., and in thia deed set forth.
~ I _ .
~ I y. If any of said auma of money herein referred to be not promptiy and fuUy paid within
~ ~ 30 ~ys next af
ter tlee aame aeveraAy become due and gw.yable, or if each. and every the
~
~ stipulations, agreementa, conditiona and covenarita of said promisaory not,e~. and thia deed, or
~ either, are not fully performed, compiied with and abided by, the aaid a9~'e~ate sum fnentioned
~ itc Said promisaory ~eote..s shaA becoma due and payabte forth:oitla or thereafter at the option of
~ the Mortgagee~, their heira, kgal repreaenta,tivea or assi9~, ~ f~Y ~~P~~tl
~ ( .
~ i aa if the aaid ag~regate s~rm of $874, 000. 00 .a~.e
~ ~ originally 8tipulated to be paid on aueh day, anything in said promissory note.~ or herein to tl~e
~ contrary ~wtmithata.ndin~. ADDE~TDUM ATTACHED HERETO AND FORMIIVG PART
HEREOF CONTAIIJING PA~2AGR~i~HS 8- 11.
r~ IN WITNESS WHEREOF. the aaid Mortgagor_, ~S hereunto aet his
~ ~
~ I hand _ nnd aeal-the day and year jirat aboue~tten. . n/,~ / ~f~
:w '_7~
~ ~ Signed, aealed and delivered in preaenee of ua: ~ ~ ' - ~ (Seat) ~
~ ( tJ ~ LAWREN C. PORTER, TRUSTEE
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