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HomeMy WebLinkAbout1191 ~ . . I: ~ 1. To pay aU and iinyular the principas at~d intereat arad other aums of motisy paYabie bY virtus oj aaid promiaaory nota___ and thia dasd, or either. prom~uy on the daya res~activsiy the aame aevarally become due. ~ 8. To pay a1! and singular the ta~cea, aaaeaamenta, levies, Iiab~itiaa, obtipationa, and eneu~na- , brances of every nature on aaid deacribed ptoperty. each and every, and if ths same be not prompt~ ~ lY Paid the said Mort~aDsa 5, thei r ~eira, lepal repreaentativea or aaai~xa, may at a~y time pay tl~e $ame without waivite~ or a»settx~ tl~ optian to forecloae or any riyht hereunder, und every payment ao made ahail bear intereat ~rom the date therreof at tha rnte of 10 . cent. per atawm. ' ~ s. To pa.y al1 anc! singular the coata. chareea and ex•penses, inclt~ding lawyer'a faea, reaaon- abIy incurred or paid at any time by aaid Mortgagee S, thei r ~ra, legai re~preaentativea ' or assigns, because of the fa~Ture a» tlee part of the aaid Mortgagor~, thei r ~.e~ra~ i~yal representativea or aaaig~na to perlorm, eot?+7~y mith and abide bi/ each and ever~/ the atipuiationa, agreements, eonditiona and covenanta of said promiasory note_ c~nd this deed, or either. and every such payment shall bear interest from date at the rnte of-.1Q- par cent. p~" annum. 4. To keep the bu~dinga now or hereaJter on said land insured in a sum not leas than the ; hi ghest i nsurabl e val ue • ,c,ne~bmr,e, in a company or compa.niea to be approved by said Mortgagees arui the policy or policisa held by and payabie to said Mort- gagee 5, thei r heira, Iegai representativea or assigns, and in the event any aum oj moneZ/ becomea payable under aach poiicy or poticiea, the Mortgagees , ; thei r _h~ra, iegal repreaentativea or assigns, sha11 have the option to receive and . appiy the same on.aceount of the indebtedneaa Aereby seea~cred or to per~nit the Mortgagor~ to receive and use it or any part thereof for other purposes, without thereby waiving or impairiftg . i any equity, lien or right under or by virttt~ of thia mortgage, and may piace and pay for such t ' insurance or any ~a.rt thereof without waiving or- af f ecting the option to f orecio~e or any reght ~ ~ hereunder, and eaeh and every aueh payment ~hal1 bear interest from date at the rate of 10 ~ per een~ per annum. ~ 5. To permit, commit or suf f er no waate, impair»~.ent or deterioration of said praperty. or any ~ part thereof. , ~ ~ 6. To perjorm, comply with, and abide by each a»d every the atipzdationa, agreemen#a, eonr ~ ditions and covenanta tn said promiasory note_, and in this deed set f orth. ~ _ ~ 7. If any of said sums of money herein referred to be not promptly arui fuUy p~aid within ~ fi fteen (15 ),~,.~s next ajter the same severally become due and pa.yable, or ij each a»d every the ~ sti~ulations, agreementa, conditions and eovenartts of said promissort/ note_ and thia deed, or ~ either, are not fully performed, compiied with and abided by, ~he said aggregate sum m.e»tion.ed ~ in said promissory note_ sha11 beeome due and pa.yable f orthwith or thereaf ter at the aption of ~ the Mortgagee 5, thei r hv~.ra, Iega1 representatives or assigna, aa ft~lly and eompletely . ~ a,a if the said aggregate sum of Thi rty-one thousand Ni ne hundred E~ Fi fty ,~~rs were - originally stigulated to be paid an such day, anything in said promissory note- or herein to the _ contrary ~wtwithsta.nding. ~ ~ `a thei r IN WITIVESS WHEREOF. the said Mortgagors , have h.a,.~nto set ; hand S~nd seai S the day and year jirst above written. , Signed, sealed and delivered in presen.ee oj ua: ~ CS~eal)~•• - B LL . SflWDERS ~ ~0?1 c;,' _ ~i PAI~LLA L. SANDERS b Sill G ~r a'sr~~ ~ . . . .r C °r f ~ ~r~t orn y ~ ac - _ ~ . ~`r ~ ~ CFW C T(~UCT INC. ' r ` ,a , 4 - _ '~11~ Yritrument p~e^arcd by • ~ ; J ~ c~ _ AIB~RT c. RrJ~ ~N B i 1 ~ ~r .Y L~•': ~ : t ~ . 1~ltt~ /rt~t~rr~~ii'lil~i/~~urr~~~~~;: : r~ ~ • :y y' ~ _ v • . ` . ~ 5. cut vi ce res ent ~ ~ 1JJn_ts.~ _ _ BGGI(~~J PAGEIIt7~ ( - .~":.i~t ` • . ~ . .i-~~=iJ