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HomeMy WebLinkAbout1904 1. To pay all and ain~ular the principal and interest and other auma of money payable by virtue of said promiscory note and sucb further aura or awns oi money. if any. a~ the wid purty ot the seeond Par! ~naY advsnce to the pstties o= ~ tirat p~?rt proinptly on the days reapectively the same sevarslly become dua 2. To pay sll and ain~ulu the taxea, aasesamenb, levies. liabllities, oWigations and encumbrancea of every nsture on said deseribed properti~, and ii the same be no! promptly Psid the s~?id partl et ~the second part, its suocessor and assigr?s msy ~t any time pay the same without wsivii?g or atfeeting t he option to ioreclose or any sight henunder, and every pay ment so msde ahall bcar intetest irom the dste hereoi at the r ate oi 9 percent. per annum. S. To pay all and aingular the coats. chargea and eacpenses. including attorney's fees. reasonably incurred or paid at any time by aaid psrty oi the seoond part, ita suceessora, legal representativea or assigns, because oi the failure on the part of the said ~rt 1e8 of the fizst psrt, their successors. legal representatives or assigns~ to perform, comply with and abide by each and every stipulation~ ugreement. condition and covenant ot sa id promisaory note and thia deed, or either. and every such pay ment ahall bear interest irom dste at the rate oi 9 percent, Per a~u?um. 4, To permit, commit~ or snfier no waste, impairment or deterioration of said property or anY Part ~e~• , 6. To perform, ~P~Y ~u? and sbide by each and eve ry the stipnlations, agreemanta. conditions and covenanta in said P~~1'Y note and in thia deed eet forth. 6. If any ot said aama of money herein referred to be not promptly and fuUy paid within 30 days ne=t after the same severally beeome due and payable. or it each and every the stipulstiona, aereements, rnnditions and covenants of said pmmissory note and thia deed, or either. are not dnly performed, complied with and sb~ded by. the Baid aggre8ate sum men- tioned in said promisaory note, s2?all become due and payable f ortbwith. at the option o! the partY af the seoond part~ its suceessors. legal rePresentstives or aasigns. as fnlly and completely as ii the said sggreBate aum of ~ or the advances heretofore referred to Was originaUy atipnlated to be psid on such day. anything in said promissory note or notes later to be e:ecuted and secured hereby. or herein, to the contnry notwithatanding. Twenty-f,~'ve Thousand 7. To keep the buildings now or hereafter on said lands insured in the smm ~ot less t' dollar; in a companp or companies to be approved by the said party of the second part, its successore. legal rePresentstives or assigns, and in the event any sum of money beeomes payable nnder sach policy or policies, the said party of the seoond part, ita successora or assigna, shall have the option to receive and apply the same on acoonnt of the indebtedness hereby secnred or to permit the parties of the first part to receive and use it~ or any part thereof~ for other pnrposES~ wit}?ont thereby vvaiv- ing or impairing any equity lien or right under or by ~nrtue of this mortgage and may place and pap tor such insurance or any part thercof without waiving or aifecting the option to foreclose or any rieht berennder snd eacL and every such paYment shall bear interest at the rate oi percent per annnm irom date. 8. In the event it becomes necessaz'Y to forecloee this mortga8e, parties of the first part aeree to the appointment of a ~ receiver, to conserve the rents and profits seeuring irom or derived from the above described pmpertY• ~ ~ ~ _ have their s S !N WITNES3 WHEREOF, the said Mortgagor hereunto set hand_ and seal the day and year first above written. ~ $igned, sealed and delivered in the presence of: (SEAL) ~ ; / . ~ ~l AL) x~~~ ~ ~ - ~ d~~ ~ss ~ ; ~ _ - - ~ ~ ~ r.~~ ~ ~ ~ ~ Y ~ ~ - ~ . _ ~ . . ~;,.r',"' p"'_~: ~ ~