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 :
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tims pay the same w~thcut maivi~y or a11~~0 the option to forecloae or any ri~ht hereu~der. :
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and svery payment ao made alian bear iritereat ~rom ths date thereoj at the rnte of~.per
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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 ~
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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. ~
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4. To keep the buildinga ~aow or hsrea~ter on said Iand inaured in a aum not leaa than`~ ~
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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 ;
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~ per eent. per ann~an. ~
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~ 5. To permit, commit or auf
fer no waate, impa.ir»ient or deterioration of said property. or any
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" part thereof. ~
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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.
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~ 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 ~
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~y 1
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i G R 1~
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