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Home My WebLink About0239 and shall dul}•, promptly and tully perform, discharge, execute, eftect, completc, comply Nith aud abide by each and every the stipulations, agreemEnts, condicio~~s and rn~•enants of said promissory note and of this mortgage, chen this mortgage and the estate hereby created shall ceasc aiui be null ai~d ~•oid. It is undentood that each oi the words, "note," "mortgagor' and "mortgagee"' respecti~•ely arid the pronouns reEerring thereto, Nhether in the singular.or plural an}~here in this mortgage, shal! be singular it one onl}' and shall be plural joindy aud severallY, if more than one, and shall be masculine, feminine and;'or neuter, where~~er che context so implies or admits. :~nd said ~tortgagor [or himseiE and his heirs, legal representati~~es, successors and assigns, hereby covenants and agrees ' to and wich said Jlortgagee, his legal reptesentaci~•es. successon and assigns: ! 1. To pay all and siugular the principai and ineerest and the ~~arious a~id sundr}• sunu of mouc~ payable by viitue of ' said promissory iioee, aud this mortgage, each and eeery, prompely on the da}'s respecticel}• the same se~erall,y become due. ` 2. 1'o pay all and singular the taxes, asseuments, levies, liabilities, obligations ai~d incumbrances of e~•ery nature and i kind now on said described property, andlor that hereafter may be imposed, suftered, placccf, levied or asse~sed thereupon, ; and jor that herea[ter ntay be le~•ied or assessed upon this mortgage and?or the indebteciness secured herebp, each and e~~en~. ~ ~.hen due and payable according to laN, be[ore ther become delinyuent; and betore an~ interest attaches or au} peiealt}~ is i • f incumed: and in so far as any thereof is of record the same sliall be prompti}~ satisEied and dischargecl of rerord ai~d the or- ; iRiual otficial document (such a±, for instance, the tax receipt or the sati~factiou papet otficially eudorsed or cettitied) shall ~ be placecl ia tlee hands of said ~Iort~agee ~rithin ten da}•~. next a[ter paymeur and in the evenc that an}• thcreof is noc so ~ aid, satis[ied and discha ecl, said ~fort ee ma at an time ~ the same or an ~art thereof without wai~~iu or af(ect- A r8 KdS Y y P~; 1 R ~ ing au}' option, lien, equity or right uuder or by ~~irwe of this mortR~ge, and the luli amount of eact~ and erery such pa~•- ! ment st?aU be immediateh• due and paJable and shall bear iuterest [rom the date thcreof untii paid ac the rate o[ ten per ~ centum per a~e~~um and to~ether aich such i~~terest shall be secured b~ the lien of this mortRage. i ; 3. "I'o place and continuousle~ iceep on the Uueldings no» or hereafrer situate on said laud tire and Hiadstorm insur- ~ auce in the usual standard polin~ form, in a sum uot less than the highest insitrable ~~alue, in such compauy or companies as ma}' be approced by said ~tortgagee; and all such insurance policies on an}' o[ said buildings, any interest t6erei~~ or part ~ thereo[, in the aggregafe sum a[oresaid or in excess thereof, shail contain the usua! standard mortgagee clause making the ~ loss under said polici~s, each and e~•ery, payable to said ~Iortga~ee as his interest ma}~ appear, and each and e~~ery such policy ~ slial! be prompil}' deli~-erecl to and held by said ~tortp,agee: anci. not less dian ten da~s in ad.~ance ot the expiratiou of each ~ polic~~, to detiver to said \tortgagee a renewal thereof, together Nith a receipt ior the premium of such reueti.al: and there ° shall be no such insurance placed on any of said baildinJ;s, any interest therein or part thereof, ur~less in the lorm and with ~ the toss payable as aforesaid: and in the event any sum of mnne} becomes pa}-able under such policy or policies said ~Iort~ap,ee ` shall ha~•e the option to recei~•e and apply the saine on account ot the indebteclness secured hereby or to permit said ~tortga- a Ror to recei~e and use it or any patt therco[ for other purposes Mithout thereby wai~•ing or impairinR any equit}•, lien or ~ right under or by virtuc of this mortgage; and in the e~•ent said ~fortp,agor shall [or ai~y mason fail to kecp the said N:emises ; so insured, or fail to deliti•er promptl}• a~~y of said policies of insurance to said \fortRagee, or tail pronipth~ to pa~• tully an} - premium theretor, or in any respece (ail to perform, discharge. execute, rtfect, complete, comph~ Mith ar.d abide b~ this co~- enant, or any part hereof, said ~tortp,agee m,ay place and pay for such insurance or any part tl~ereo( without waicing or _ at[ecting any option, lien, equity or right under or by virtue of this mortgage, and the full amoun~` of each and every such ' pa}~ent sha11 be immediately due and payable and shall bear interesc from the date thereo[ uncil paid at the rate oi ten F per centum per annum and together with such interest shall be secured by the lien of this mongage. ; 4. "To permit, commit or suffer no waste, impairment or deterioration o[ said properc?• or any part thereof. ; 5. To pay ail and singular the costs, charges and expenses, including reasonable la~?~ers [ees and cost o[ abstracts oE title, incurred or paid at any time by said ~tortgagee because and/or in che e~~ent oE the failure on the part of ehe said ~(ortgagor to duly, promptly and fully perform, discharge, execate, e[Eect, complete. compl~ with and abide Uy each and - e~•ery che scipulations, ay,reemenu, conditions and co~enants of s~~id promis~~ory note, and this mortgagc, any or either, and said coses, charges and expenses, each and e~•ery, sball be immediately due and pa~able. Mhether or not there be notice, de- _ mand, attempt to collect or suit pending: and the [ull amount oE each and every such payment shall bear interest from the < date thereof until paid at the rate of ten per centnm per annum; and all uid eosts, charges and expenses so iacvned or paid, togeeher with such interest, shall be secured by the lien of this mortgage. :j eoac 222 ~cF 239 ~ . e _ ~ : ~ :