HomeMy WebLinkAbout1471 and shall duly, pronptly ti?4 fully perlorm, diuharge, execut~, eltect, complct~, comply w~tl~ ~nd ~bitw Ly ~acll
and ~vety the ~t~pul~tioru. KnemenL, cond~t~on~ and covenant~ ot ~a~d prom,swry note a• 1 ot thu mortt~.
then tlu~ a?ortsss~ and t!?~ eatab het~by ereated ahall cease ind D~ null ~?a vo~d
~ It ia unAtntooa that ~acA ot N~ wonL. "note." "mort6a~or'• and "moet~~a~" respeetivtly and tM Proe-
ouns nt~rrtns tAento. wDcth~r in tDe sinaular or plur~l anyw~ere !n tAl~ mort~a~, ~hall M un~ul~r )t on~ oNy
and thal! D~ plural ~oiatly and rvenlly, 1t more than one, and ~hall b~ muculine, tem~nine and/or asuter, wh~e~•
~ver tRe cont~xt w impltt~ or admit~.
And Wd Koetta~oc fot hlmailf a~d hi~ hein, leaa! repraentatlve~, ~ucc~sw» ~nd a~lpu. Mrtbr eov~a•
anL ana a=re~s to and wfth W4 ~[ort~asee, hii te~ol represenuuvea, succeswes aAd wt~tu:
1. To pay W~uA dn~ular tM principal and tntereat ~nd tAe vuious and wndry sunu ot tnoney p~ripl~ e
vlrtu~ of Wd pron~iawry aot~. ~ad thli mort~a~~. ~ach and every, pe+omptly on LM dayi rea~etfreJy tb~ a~m~i
Nv~tWy ~COm~ QW. .
To p~y all and unsular the wce~, wesamenta, lev~e~, lia0lLtie~, oblf6atloru and fncumbraneN o~ ~vtrf
nature ind kwd now oa aaid du~riDed property, and/o~ tAat hercatter may .M tmpo~ed. ~ufl~red, plae~d, Nvf~d
o~ aa~taNd th~»upou, and/or that 1~ere~lter may De levied or asses~M upon this mort~aae and/or tl~~ ind~DbA-
nw s~cunA henpy. eacA rnd ~very, when due and payable acrnMlna to law, Deton ther becom~ delfnqwnt,
and betor~ any tet~reat attachea or any peru~lty ia incurred; and fn ao far a~ any thereot it ot recoed tl?e ~an~
Mal1 be prompUy satlsflb and diicAarsed ot rccord and the oriRiaal othc?al docume~t (~uch u, tor fwtawc~,
the taY nceipt or tA~ satiitaction paper oft[cistty endor~ed or certt[iedl ~hall b~ plactd in the A~nd! ot wa
]~[ortsaree within t~n day~ t~e=t atter payment; ~nd in tAe event tAat any tMreot is not ~1o paid, ptt~ti~d an0
dlicharted, satd ~Iort~atN may at ~ny tlme pay the •ame or at~y p~rt thereet wtthout wuvinr or atttctln~
any opti~n, ltea, equlty or rist?L under or Dy v~rtu. at tR~~ mort~aae, and the tuil Rmount ot each atfd ~v~ry
wch paymteft ~hali De immediately due and p~yeble and shall b~ar interest [rom the dat~ thsnoi unW p~ld
at tM rst~ ot ten p~r eentum pcr annum and togeth~~ w~tt~ such lntereat ihall be iecured by the liee of tR{~
, mortLa~e• .
i. To plac~ and coetinuowly k~~p on the bu~Id~nRe now or h~re~fter tltuate on qld land An and vMdttorm
! Ituuranee In the usual stanAarel policy form, 1n a sum noc cn.n s fu1.L.i.nsuraE~l.a..val.u~..._ fn sucl~ Com•
pany or comp^nics ai may be spproved by sai~i MortRs~ce: xnd all such Insunnc~ pollcle~ oe any of sald pWIQ-
1nn, aeq tnterqt thereln or paK theno(, fn the aR~reRate ~um atonaaid or Jn exces~ tLereot, iAW eontain tlf~
wual ~tandard mortqasee clauie makin~ the I~~~a urd~r ss~d policte~, each ~nd svery, pwyable to ~~id Nort~a.
`e~ a~ hli tnterest may appe~r, and eRCh and every ~~~~•h pnl~cy ~h~it De promptiy dellvered to uid he)d by ~alA
Mort~~e; and, not lcsa than ten days in advan~e of t~e expiratien ot e~ch poLcy, to Mllver to s+?IA f+tort,~as»
a ra~ew~! thereot, toRelh~r wltA • recdpt i~r th~ pr~mium of airA ren~wal; anA there ahalt be no ~tteh In~ur-
; snee placed on any ot uld Dwldln~. any intenat therejn or part th~reot, unlea~ 1n th~ form at~d a1tZ~ tht IoM
; p~yable aa a[oresaJd: and 1n the event ~ny ~um o[ money become~ p~yable under n~ch ~ollcy or pbllelq said
LtortRaRee ~h~li A~ve the opiton to retelve and appiy tht ume on ucount ot th~ lndebt~dnw Ncund D~»by or
to permlt ~aiA Mort6aRor to recelve and use It or any pwrt th~reot for other purpow rvithout th~r~by wa1Mn~
or impurln~ any equity, ll~n or rlR~t under or by vlrtuc ot tht~ mort~a~~: ~nd tn tlfe ~v~nt atd litorlsyo r sbsll
!or any rea~on t~11 to keep the ~atd prem?se~ ~o Iniumd. or fall to d~ltv~r prompUy anY ot ~ald po11NM ot
fniurance to sa~d Mort~as~e. or fall prompUy to pay tully any premluen th~nfor, or in any rwpeet tdl to p~
form, duchane, e~cecute, etleet, complete, eornplr witA and ~blde by tAl~ cor~raet, or any p~rt M»ot. Wd I~toK=-
~[K m~y P~~n and pay to~ ~uch Iniurane~ or ~ny p~rt t~ereot wlthout w~lvln~ or aLtecUn~ sar opUan. Itea,
puity or ei~ht under ar by virtue of tAlr mort~e, and the htD smount ot ~atlf ana ~very ntcA pa~rn~tnt ~liall
b~ lmm~df~tely due and payaDl~ aAd ~h~U bear Int•r~st troen th~ Aat~ tMroot untlt pa1A ~t th~ nt~ ot tM p~e
~ eentwn per annum and to~~tl~er vn1tA :...~...t •hatl D~ Ncund er N~ ll~a ol tIW etott~~.
i
` To penNt, eommlt or tutter no w~te, Impafrment or d~t~rfonqon of satd prop~rty or anr part t~»d
k
To p~r W ai?d afn~ular N~ ee~ta, charRe~ and ~xpenae~, tncluQtn~ h~sonadl~ lawy~~~ l~ ard eo~t ~f
ab~tract~ ot tlqe. Incurred or pald at arr Rlm• by ~ald ~[ort~~N b~cally and/or tn tM ~vcnt ot t~ hll~
ox th~ oa~t of th~ ~ald ltort~or to d~ily. Dwmptly ~od LWIy ~oAf, di~ehaK~, ~t~cut~. ~ft~et~ coea~l~
oompl~ wlth anQ ablat Dy ~ae~ and ~very tA~ sttpulatfona. ~rwnrpt~, eondltbn~ and oovenant~ oL Wd Proefl~-
; ~oe~ nob. ae~ W nfort~~, an~ or Nther, ane wa eo~b. c~ar~~ v1d sip~nM~, Neh w~ ~rMr. sh~1 M(1~•
n~dl~tdy Qw a+?d p~p~et~, w~h~Uer or not N~e+~ M noUe~, demat~, ~?tlan~pt to tolNet or aWt p~n4Y~; ~ t~
(WI anaunt of ~ach an~ ~wry ~ueh p~ym~~t ~f~al1 Ma~ tnt~rwt tros~ LM daV MMrot untl~ ~Id st t1N rit~ ~
e.. v• ~•ncu,n p.r a~wn: .na w..~a ca.t~. en..~.. .,w .saew .o ~ecun.a or p.ca w`.eA.r ..~tb wr 1~•
t~r~t ~WI w Meut~d h? Rl~ lNa ot Nb a~ott~ap.
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