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HomeMy WebLinkAbout2422 ~ ~ ~ i -3- ~ nature on said described property, each and every, and if the ; same be not promt#].y paid the said Mortgagee, its heirs, legal : • i representatives or assigns, may at any time -pay the same without ~ , f _ waiving or affecting the option to foreclose or any right here- ~ f 1 under, and every payment so made shall bear interest from the - i ~ date thereof at the rate of 249G per annum. ~ i 3. To pay all and singular the costs, charges and expenses, including lawyer's fees, reasonably incurred or paid at a ny time by said Mortgagee, its heirs, legal representatives ~ or assigns, because of tbe failure on the part of the said . Mortgagors, their heirs, legal representatives or assigns to per- : ~ f orm, comply with and abide by each and every stipulation, agreement, condition and covenant of said Promissory Note and this deed, or either , and every such payment shall bear interest ~ from date at the rate of 2% per month. 4. To keep the buildings now or hereafter on said land insured in a sum not less tha n 556,000.00, in a compa ny or ~ and tbe olic or ~ companies to be approved by said Mortgagee, p Y ~ , ~ i policies held by and payable to said Mortgagee, its heirs, legal ~ f i representatives or assigns, and in the event any sum of money ~ E ~ ~ ~ becomes payable under such policy or policies, the"Mortgagee, its ` ~ heirs, legal representatives or assigns, shall have the option to ~ receive and apply the same on account of the indebtedness hereby ~ f secured or to permit the Mortgagors to receive and use it or any ~ part thereof for other purposes, without Chereby waiving or impair~ ing any equity, lien or right under or by virtue of this mortgage, and may place andFay for such insurance or any part ' thereof without waiving or affecting the option to foreclose or ~ any right hereunder, and each and every such payment shall bear ~ interest from date at the rate of 24% per annum. ~ ~ 5. To permit, commit or suffer no waste, impairment or ~ f ~ deterioration of said property, or any part thereof. ~ £ i ~ ~ ~ - eooK 225 P~~ 24~.6 - : ~ _ _ _ _ - - - - ~ ~ a ~ , - ~ ~ ~ ~ ~„v ' - - r . a