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Home My WebLink About2163 - ~ t G r- , ~ , , ~ ( ; ~ , ~ ~ and skall ~erform, comply rcith a~ui abide by each and evert/ the atipttlations, aqrecments. coxditiona axd covenanta'oj said..promi$sa3y ~te;_~.~and of this deed. then thia deed and the eatate thereby creattd sJtaU cease and be nul! a»d void: 1. The Mortpagor hereby covenanta and a~reea: _ ~ i (a) To pay al1 and airigula.r tl~e principul and intereat and the varioua a~d sandry a~ma of money payable b~/ virtue of the above descri6ed promiaaory note______; a~cd thia mort~e, and any and all reneuals oj the same, or any part thereof, a~nd alao any a~d all other ioo,~sa and/or advancementa which may be made ba/ Martgagee to Mort~apor. promptly an tlee days reapeo- tively the same severnUy become due, ~ (6) To pay all and singular the taxes. assessmenta, levies, liabilities, obliQations and encum- brnnces of ever~ na.ture, on sa:d described property each and euer~/, and if the same 6e not ! promptly paid the Mortgagee ma~ at any time puy t.~e same without waiviny or af f ccti~ty the ~ option to Jareclose ar any righthg~'eeinder aad every payment so madt ahaU bear intereat from ~ the date thereof at the rnte oj__..___15.______.per centu~m. per anrusm. ( (c) To pay all and singular the costs, cha.rgea ared expenaes, includin~ law~er'a feea axd aba- tract costs reasonably ineurred or paid at any time by Uu Mortgagee beoa.use oj the failure an ~ the part of the Mortgagor to perf~, ~Pj?!'~th and abide by each and every tht atipulations. agreementa, tonditions and eovena.nts of saui indebtedness and said promissory note_____.and this j± deed, or either, and every such payment shall bear interest frorrt d¢te at the rnte oj....._15___._._-- ~ ~ per eentum per annum, ~ (d) To keep the buildings now or l~ereafter an said land insured ayainst loss by fire and wirad- i ~ storm i». a sum not less than a------------------------------- in a eompp,ny or companies aceepta6le to the ; ~ Mortga.gee and the policy or policies shall 6e held and payable to the Mortpagee. In the eve~et an~ ~ ~ ~ ~ sum o/ money becv»tes pa~/able under aueh pol~j or poticies, the Mortpaget ahaU have the ap- ~ tion to receive ated apply the ~a.me on account of the indetstedness herebg secured, or to perniit ; the Mortgagor to recesve and use it or a.ny pa.rt thereof for other. purposes, without thereby ~ waiving or impa.irinp any equity, iien or npht und.er or by virtue of this deed, and the Mort- ~ gagee may plaee and pay for such insuranee or any part thereof without waivinp or ajfecting ~ the option to foreelose or any riqht thereunder, and eaeh and every such payment $hall bear f interest jrom da.te at the rate of___.___.~.~_________per eentum per annum. ; ~ (e) To ~ermit, commit or suf jer rev waste, impairmen~ or deteriora~ion of said property or ~ any pa,rt thereof. ~ - t( (fI That if d,ny of said $uma of money herein rejerr~i to be. not promptly and jully paid with- ! in___10..._ days next ajter the same seueraUy becomes due and payable, or if each and eti~ery the ~ ' I, sti~ulations, agreements, conditions and eovenanta of 8aid promisaory note and tltia deed, or i ; I ~ either, are not fully performed, complied with and abided by, the said ap~regate aum mentioned ; ~ ~ in said pmmissory note, and any reneunl thereof, and all indebtednesa from Mortpagor to Mort- ; i . gagee, ahall beeome due and payable jorthzvith, or thereafter at the option of the Mortpagee as ; ' i fully and eompletely na if the said aggregate siem of said indebtedness and said promisaory note ~ I~~ u:as originaUy stipulated to be paid on such day, anythinp in said promia8ory note or herein to ~ ~ ~ the contrary notwithstanding. ~ (p) That in order to aecelerate the maturity oj the i»debtednesa hereby aecured, becauae of the € i faiLure oj the Mortgagor to pa,y any tax, assessment, Iiability, obligatum or encum6rnnce upon i I said property, as herein prmnded, at shall not be necessary nor Tequisite that the Mortgagee ~ E ; aha,Il jlrst pa.~ the same. ~ ; j ~ ~ (h) ~ To perrorm, comply zvith and abide by each a.nd every the stiplclations, agreements, con- ; ; ~ ditions and covenants in said promissory note and in this deed set forth. ~ ` ~ The lieia hereof shall extend to and incluale the icse, rents, and profits of said premises~ but the ' i Mort~agor shall ha:;e the right to remain in possession of said premises and enjoy the use, ar~d to receive ~ the rents and arrojits thereof, uithout accounting to the Mortpagee therefor, so long as there shajj~e no i ; ~ I dejault hereunder~ provided that in the event of any sueh default hereunder jor a period of_._.___1______.___ a ` ` days, the hiartgagee shall be entitled to the possession a~ul use of said ~nortga.ged premises, and to re- ; ; ~ ee~ve and apply the net rentg and profits t~ereof, xpon and toward the paymext oj the inciebtedness here- ; ~ b~ secured. < ` 3. In the event there shall be filed a bill to foreclose this deed, the plainti/j shall immediately and { ` l u~ithout notice be entifled to the appointment oj a receiaer for the mortgaged property and the rents, ; z ~ earnings, issues, inco»se and profits thereof, uitk the usual power of reeeivers in sueh eases, and such # ree~iver may be c.ontinued in possession oj said property and of snid ren~s, eamings issues, i~come and - ~ profits oJ~,~dp~ opert n~ the pendeney oj sueh foreelosure suit, and the Mortgagor hereby speci- ' + fically r~•c~4ve~ ~Re ri,qhY~hjeet to such appointment and consents that such arrpofntmeret shal! bp made ~ ~ ~ , ~ i' • z t~~zss ~~ss~ ~ _ _ _ r .__.~_tx.~_~ _ ~ _