HomeMy WebLinkAbout0247 I ii
Y • ~
1. To pay all and singular the principal and interest and other sums of money payable
by virtue of said promissory note_.. and tbis deed, or either. promptly on the daya reapectively
the same aeverally become due.
2. To pay all and eingular the taxea. assesaments, levies, liabilities, obligations, and
incumbrancee o! every nature on said deacribed property, each and every, and ii the same
be not promptly paid the said Mortgagee_, h~ a- heire, legal representativea or assigns,
may at any time pay the same without waiving or affecting the option to foreclose or any right
hereunder, and every payment so made sball bear interest from the date thereoi at the rate
of 15 per cent, per annum.
3. To pay all and singular the costa, charges and expenses. including lawyer's fees,
reasonably incurred or paid at any tinne by said MortgageeT. r.is tegal representatives
or assigns, because of the failure on the part of the said Mortga8or, its succcesors, legal
representatives or sssigns, to perform, comply with and abide by eacb and every the atipula-
tions, agreements, conditions and covenants of said promissory note-. and thia deed, or
either, and every such payment shall bear interest from date at the rate ot 15 per
cent, per annum.
4. To keep the buildings now or hereafter on said land insured in a sum not less than
nollara, in a company or companiea
to be approved by said Mortgagee-, and the policy or policies held by and payable .~o said
Mortgagee_, ~+eira, legal representativea or assigna, and in the event any sum oi
money becomes payable under such policy or policies, the Mortgagee_, he~,
legal representatives or assiSns, shall have t~?e option to receive and apply the same on account
o! the indebtednesa hereby secured or to permit the ~ortgagor to receive and nse it or any part
thereof for other purposes, without thereby waiving or impairing sny equity, lien or right
under or by virtue of this mortgage, and may place and paq for such insurance or any part
thereof witbout waiving or affecting the option to foreclose or any right hereunder, and each
and every auch payment shall bear interest from date at the rate of per cent per sunum.
6. To permit, commit or suffer no waste, impairment or deterioration of said property
or any part thereof. .
! 6. To perform, complq with, and abide by each and every the stipulations, agreements,
~ conditions and covenanta in said promiesory note_, and in this deed set forth.,
, 7. If any of said sums of money herein referred to be not promptly and fully gaid
~ within 15 days neat after the same severally become due and payable, or if each and
every the stipulations, agreements, conditions and covenants of said pmmissory note._ and
this deed, or either, are not fully performed, complied ~vith and abided by, the said aggreSats
~ ~ sum mentioned in said promissory note- sball become due and payable forthwith or there-
~ after at the option of the Ddortgagee_, hi s heirs, legal representatives or assigna, as
~ fully and completely as it the said aggregate sum of n 'i'H~US~t~tD EI ~HT HUNDBEIZ_
and no/100 _dollara were originally atipulated to be paid on auch day, anything in said ~
promiasq~„,note.-~. or herein to the contrary notwithstanding.
~''~;~~"a`~:,_'~~-,, .
L~:` IN~ITNESS W~iEREOF, the said party of the first part bas caused these
f. ' 3~~~ - t•~~ ~ presents to be signed in ita name by its
- •~,.~,s~i.,,~-;.. ~w- - "s .
= ~ ~ ~ . ; ~
(~orporate President, and its corporate aeal to be affiaed,
~ -•~'~ro _ Seal) attested by its ~ecretary the day
~ ' : t+i/~' <=~,~Y : ' ~ ~ ;
i ,~:f,~~,;_ " . and year above written.
! 'A' ' ~'~,~~~~tc i` . _
~ ( ~'.:,:,.,u~~~ ecre ry.
. ~ ~ ~
~ LAND INVES - NTS COMPANY OF
~ Signed. scjaled and delivered in the presence of : B~WA~ ~ I .
l~: _ , ~
t~ ~_l z r i' 1~( r c~It" By ,~.?~T..
President.
~ RI~P~ '$b F BAU~ r
~ ~ ,
1 ~ 1 ' '~LL l
~ ; r '
:
~~225 ~ 246
~ .
~
x_:~ ~ . _ , _ _
~ ; s~
~sk '~a Y °
a
. ~ ~ . ; `
~ ~~~~.::s ~