HomeMy WebLinkAbout1854 , . . . . _
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tOA VJILUE AECEIYED. tM aad N~~sa1lT. PROl~tIBE TO PAY fo !b~ ord~s o} y
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~ ~~~~Tl~ d..aa.d.n41._144.------------------------------------ DOLLARB.
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. _ QLC,Q~.. ~ .................._.._................................._.........os sueD oib~s pl~e~ as !h~ hold~r
h~r~o~ ma~ d~aioaal~ i' ~sitie~. fo~iM~ wilh iof~ dat~ d!h~ sat~ oi.........~....--par c~atum p~r anaum on ih~ unpaid
balaap ~ntil matusitt. Y6~ svd pdaeipal and iat~ s6a11 du~ aad paYabl~ as iollo~rss .
Ir~ ;~th~y in:,~-taluuezits ~`4 , fnclu3fng interest, the 2irst such
pa4yment beinq due one ir~cnth from c~ate hereof, and subsequant p~yments
~r the da.~c:e da~y ~f ea,ch ~_:3nth t~h +zntil t~ie 3ntirQ ~r,nci~l and all
interest s~alt have been paid in
Ihe :ua~ers hereof reserc° the t t pr ~~.g ar,y ~~~.znt here~~f at. ar~y
t~~.e ~=.~~h~ut nalty. ~
!I ~I~ult M~re t~r Jqh ~ti~ M7~~ ~f ~qr iuWb~~t et Me~~ x t or aw7 P~rt ti~nef, N~ n6o1~ ~~a tbw eeaaiwiaf
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uepaL vrit~ iatessst ~aY at ?di~J ~ M McN~ ~ d waW ~rltiNt ~eUe~. Fdlu?~ te Kda~ sud Wtio~ ~idl Nt eoasdtot~ vaiwr ~t tM
ri~ht te e=ereiN tl~ ~rs i~ W rast ~t s~MMw~e irta~IR Att~ a~wrftp Ao1\ vriaciyal accrued ieterr~t ddl b~ar I~tere~t at ._....Mr uatua
aer ane~~ sW Nw- TM a~a ~i ~rs ~f tli~ Md hutMr ~ni~~ iuad. aoNu f~on-N7~e~t as~ lwtat It tils sot~ wt ~t
maturit~ a~ tM ~a~ M~+~~i ~ri1i aa att~~ 1~ c~ll~ctlM. tM ~r awa es~orsera 6 t a~ te pyr a!l cwt~ ot cell~ctlos. inctudia~ court
co~ts a~ fY~M~w ~itRN/ t~M.
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aad shall duly, pmmptly aad fully pertorm, diacharge, execute, effect, complete, comply wlth and abide by each ~
and e~erv Lhe sUpulations. agreements, conditions and covenants of said prom~s~ory note and o[ this mortgage. ~
then this mortgage and the estate hereby created shall cease and be null ana void.
It i~ understood that each of the Konls, "note," '•mortgagoY' and "mortgagee" respectively and the pron-
ouns t+eferring theret0. ~hether in the singular or plural anywhere in thla mortgage, shall be singular if one only
and ~hall be piural jointly and sevetally, ii more than one, and shall be masculine, feminine and/or neuter. wher- ~
e~ er the o~nte:t so implies or admita ~
And ~aid i[ortgagor for him;elt and his heir~, legal representatives. successors and assign~, hereby coven- ~
aata ana agrees to and with said ~tortgagee, ltis legal representatives, succes9ors and assigns:
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1. To pay all and aingular the princiPal and intereat and the variou~ and ~undry suma of money payable by ~
virtue of~ said promissory aote, and thi~ mortgage. each and every. promptly on the days respec4vely the same ~
severally become dtk. .
2. To pay all aad a~nSala~ the taxes. ~sses4ments, leviea, liabilities, obligations and incumbrances ot every ~
' nature a~ kind now on said described prnperty, and/or that hereafter may be imposed, auffered. placed, levied
f or assessed thereupon, aadi or that hereafter may be levied or assessed upon Lhis mortgage and/or the indebted ~ ,
ness secured hereby, each and e~ery, v?hen due and payable according to law, before they bec.~ome delinquent, ;
; and before any interest attaches or any penulty is incurred; and in so far as any thereot i9 oi record the same a
~ sLall be pmmptly satisficd end discharged o[ record and the original official dceument (such as, for instance,
Lt?e ta~c receipt or the satisfaction paper ofCcially endorsed or certitied! shall be placed tn the hands of said
; Jdortgagee veithin ten days nezt after payment: and in the e~ent that any thercof is not so paid, satisfied and ~
' discbarged, said Mortgagee may at any time pay the same or anq part thereot w~thout waiving or affecting
~ any opiion, lien, equiiy or right under or by ~-irtuP of this mortgage, and the full amount ot each and every
~ such pay-ment shall be immediately due and payabie and shall bear interest from the date thereof until paid
~ at the rate ot ten per centum per annum and together v~~th such interest shall be secured by the lien oi this
mortgage.
3. To plac~ and continuously keep on the buzldin~s now or hereafter aituate on said land fire and windstorm s
insurance in U?e usual standard policy form, in a sum not less than S.•`-L8~ O~-~ ~ 1n auch com- ~
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panp or comp^n:cs as may be approved hy sairl 1?Iort~~rce: and sU such insurance policies on any of eaid build- ~
ings, aay iaterest therein or part thereof, in the a~~regate sum a[ornsaid or in excess thereof, ~hall contain the
usual standard mortgagee cisuse makin~ the luss ur.d~r sa?d policies, each and every, payable to said btortga-
gee as his interesL may appear, and each ar.d e~•ery su~•h pe~licy ~hali be promptly delivered to and held by said
,forigagee: and, not less than ten days in adt•an~e of the expiration of each policy, to deliver to sxid Mortgagee
a reneKal thereof, together w-ith a receipt for the premium of vnrh renewal- and there shall be no such insur-
ance placed on anp ot said buildinRs. any intemst therein or part thereot, unless in the form and with the los9
payabie as aforesaid; and in the e~ent any sum of money becomes payable under such policy or policies said
Moriqa~ee shall ha~e Lhe opiion to recei~e and appty the same on account of the indebtednes~ secured hereby or
to perniit sa:d ~tort~or to zecei~P and ~ae it or any part thereot for other purposes without thereby waiving
or impairing an~ equity, lien or riRht under or by ~tirtue of this mortgage: and in the e~ent said Mortgagor shall
~ for any reasn~ fail to keep the said premis~s so in~umd, or fail to deliver prompUy any ot said policies oi
insarance to said ~[ortga~ee. or fail prompUy to pay tu11y any premium therefor. or in any re~pect faU to per-
form, d~scharRe, execuLe, effect, rnmplete, comply ~~-ith and abide bv this covenant, or any part hereof. said biortg-
agee may ptace and pay for such insurance or any pari thereof withoui waiving or a[fecting any option, 1ien,
- eqtuty or right under or b< <•irtue of this mort~;age, and the fuU a~ount of each snd every auch payment shall
~ be immediaLely due and pa}sble nnd shall bear intprest from the date thereot until paid at the rate of ten per
~ centum per annum and together with ~uch Interest ahall be eecured by the lien ot this mortgage.
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~ 4. To permlt, commit or eutfer no wasie, impairment or deterioration of safd property or any part thereof. ~
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~ 6. To pay all and sinRular the cwts, charge~ and expenses, inNuding reasonable lawyee's fees end cost o!
abstract~ of tiUe, Incurred or paid at any time by said 1liortgagee because and/or In the event ot the fallure
~ on the part of the said Mortga~or to duly, promptly and fully perform, discharge, eacecute, effect. complete.
r` comply vvith snd aDide by each and everq the stipulation~, agreements, conditlons and covenanta of said promis-
sory note, and this mortgage, any or either, and sald costs. charge~ and expenses, each and every, shall be Im-
~ mediately due and payable, w-hether or not there be notice, demand,- sttempt to collect or sult pending; and the
~ fuli amount ot each and every such pavment shall bear interest from the date thereoi unW pald at the rate oi
~ tea per centum per annum: and all safd coete, charges and ezpenees so lncun^M or paid, together with auch ln-
terqt, shall ps secured by the licn ot Ws mortgage.
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~ BoaR 217 PAGE1846
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