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HomeMy WebLinkAbout2169 1. To pay aU and ~i»ywlar ths prinaipai wsd intereat a»d otker auma of money payabta by virtue of aaid promiaaory note.~ arid t11ia deed, or ~tner. promnuy on t~ aay~ , er~t~oety t.~ ' aams asveral~y beeome du~. t. To pay ali and aixgular tl~ tazea, aaaesaMenta, leveea, liab~Titiea, obli~afiiona, axd encum- brancea of cvery nat'cre on eaid deacribed property. cacA and every, a~d iJ the aame be ~tot prompt~ ly paid tl~se said 3iortyayse~. their ~yal representativea or aari~, may at ~y : F tims pay the same w~thcut maivi~y or a11~~0 the option to forecloae or any ri~ht hereu~der. : ~ and svery payment ao made alian bear iritereat ~rom ths date thereoj at the rnte of~.per ; cent. per a~aaaR. ~ ~ J. To pay alI and ain~uiar the coata, ehar~ea and expensea, includin~ lau~yer's feei, rea~o~e- ~ ably incurred or paid at any tima by aaid Mw~tyaye~, their a~.~ra, ~e9ai repreaentativu ~ j or ussig~ea, becauas of tlse fas~urs on the part oJ tlae aaid Mortyapor_, k~°i ~ rcpreaentafivea or aaa+D~ ~ P~'f~. ~Ply tvith and abide by each and every tlia stipulationa, ~ agreements, conditiona and covenanta of said promiaaory note~. ond thia deed, or either. and ; everl/ auch payment shali bear interest from dats at tlsa rate of~_ par ctnt. per an~eum. ~ ~ 4. To keep the buildinga ~aow or hsrea~ter on said Iand inaured in a aum not leaa than`~ ~ t f~~ll in~urable value noilara, in a eompany or companiea ~ 1 to be approved by said Mortgagea_, and tlu poliey or poiiciea held by and payable to aaid Mort- ~ gagee.~.,, their ~*a, leyal repreaentativea or asaigns, and in the event ~ any sum of money becomes payabie under twch policy or poiici~es, the Mortgapee~, their ~ ~+.ra, leeal repreaentativea or assigna, aliaii hava the option to rueive and ` apply the same on account of th.e indebtedneaa hereby aecured or to permit tl+~ Mortgngor_ to ; reeeive and uae it or any pa.rt thsreof for othar purposes, without thereby toaiving or impairing ' any equity, lien or right under or by virtua of ihia mortgage, and may plaee a»d pay for aueh ~ insurance or any part thereo f without waiviny or af f ecting the option to joruioas or any ri~kt ~ laereur?der, and eaeh and every sueb~ payment ilaaii bear intereat from date at tlas rats of 10 ; ; _ ~ per eent. per ann~an. ~ f ~ 5. To permit, commit or auf fer no waate, impa.ir»ient or deterioration of said property. or any 0 " part thereof. ~ ~ ~ ~ 5 ( 6. To perform, comply with, at+d abide by each and euery the atipulaLiar~, agreementa, eon- ~ ditions and eovenanta in aaid grromisaory note~, and in this deed set forth. ~ _ ~ y. If any of said suma of mo~ney l~.srein referred to ba not promptly and fuliy paid within ~ 30 a.~.ys next after t)u aame aevarally become dtce a»d ~ayable, or if eaeh and every the ~ $tipulations, agreements, coreditiona and eovenanta of aaid promiasory note~ and thia deed, or ~ either, are not fuily perjor~rtad, compiied with and abided by, the said etg~regata sum meationed . . i t in said promissory note.~ shalt beeome due and pa.yable farthwith or thereafter at the optiott of ~ the Mortgagee~, their heirs, legal representatives or uasigns, as jully and completeiy ~ ~ $90 ~ 000. 00 ~,Uara were ~ ~ aa if the aaid aggregate sum of ` ~ originally stipula.ted to be paid on at~eh day, anything in said ~om.issory rwte- or herein to tke contrary notwithatandirtQ. ~ IN WITNESS WHEREOF. the aa.id Mortgagor_, ~S eecnto set his ha.nd_-and seal-the day and year first above 'tten. ~ . ./L1i'/`~ ~:~?L~ ` ~ Signed, aealed and delivered in preaenee oj . ~ ~(Seal) _ ~ C_~= . , AWRENCE C . PORTER, TRUSTEE ~ ~ ~ ~ ~5~~ ~y 1 ~ ~ ~ . i G R 1~ 7%ri~ ~11~//7/!//t'l!/ f~r~ f~~rr~;/ 1~~~: ~~nr 215 fA~E ~1~~ ~~g`yh~ I . ~~/~1/(~{~ . ;v " . . _ - . . :y.:~: r ~ _ - ~ - _ ~T x ~t~_ a ~..5c x . 7 '~`~;a. xa''--a'~. ~',5~`