HomeMy WebLinkAbout1383 1. To pa7 all aad s~nN~u the Priueipal and lAterat snd other ~uau oi aaney P~Yable by virtue oi a?ld promiswry note
•nd sucl~ in:t6er sum or sua~s a~ a~oneY. it a~U?. as the said psrty at tM ~aooad part aaay advanca to the part. ie$ oi the
firat {~srt PraraPtlY on tbs d~y~ respectively tbi aaae iewt~lly beoans dua ~
& To pa~ ~U u~d d»sulut' ths ta~ces, s~sasments~ kvies, liabilltie+. oblisatioiu ar?d encumbranees oi evory natun oa
said deaeribed propartia. and ii the ~a~ne bs no~t promP~7 Psid the s~td p~rty oi t1N ~eeoud pad, its snooeaon and asai,~
may a! any ttme p~?y tbe tsn~e w3tbout waivln~ or stteetiat the optloA to ioreelaM or any ritLt hereunder. aAd every PaY•
ment ao made sbaU Deu interat imm the date hereo~ at the r ate of ----8~.$ P~~. P~ anawn.
. 3. To pt~ all snd dn~ulu tha oo~ts~ charBes and eiPenees. inelnding ~ttorney'a fees~ reasonsbly ineurred or psid ~?t any
time by eaid party oi the seound part, its snoea~orr,le~al r~Pras~t~tives or a~sigiu, because oi the iailnre on the Wut of tha ssid
part~p.Soi the tirst part. suooeswn. 1e~s1 reprasentstiv~a or as~isns, to partorm, oomPly with and wbide by each
and every stipnlstion. s~reemeAk ~dition snd eoveaant oi qid promia~os9 note wd this deed, or either. and every such psy
ment shall bear intere~t froan dste at ths rste a~8~_ Paroenk Per wnum.
4. To permit, oommlt, or anifer no w~ate. imP~irment or deterior~?tion oi said proparty or any par! therea~• ~
b. To perform, oomP1Y with and abide by eaeh snd eve ry tLe ctipdstions, agreemonb, ooaditions and oovenanta in
said promissory note snd in tbis deed set lortlt.
6. Ii any of said snms of money herein refen+ed to be not promptly and laDy Psid withia -3.0- ~?s ~~~r the
same severally become dne and PsYable. or ii each aad every the stipalsHons, aaceements, eonditiona and oovene~nta oi s~id
pmmissory note snd this deed. or either. sre not daly Periormed, eomplied wlth snd abided by, t2~e aaid aggreBste sum men-
tioned in said promiasor7 note? shsll beoome dne and psyable iorthr~ith, at tbe option oi ~ t2~e party oi the seoond part, its
sncee~asoss. leg~?1 rePre~eatstives or assisns, as inlly snd eomP~~Y as K tLe ~aid a~regate sum ot A 0 0 0 A ,
or the advsnoas heretoiQre nfernd bo ~vas originsUy stipaUted to be pa~d on anch ds7, ~8 in said pro~niesor9 note or
notea lster to be exeeated and secnred herebY. or berein. to the contrary notwithdsndins•
$50,000.00
7. To keep the buildings now or hereaiter on said lsad a insared in the sum not less than
dollsrs in s oompany or oompanies to be spproved by the aaid p srty oi the aceond psrt, its saooeeaor0. legsl rePresentatives or
assigna, and in tbe event any. sam oi money beoomes pwyaWe n~er such policy or policies, the said pwrtY of the seoond psrt,
its snaeseors or assigns, shsll hsve the option to reaive and apply the asme on aownnt oi the indebtedne~s here~? ~ecared
' - s~...,....~ ..flu.r nnrn+wen. withont theteb9 waiv-
or to permit the parties of the iirai psri w reeeive 8jna ~.h u~ ~•j ~.~..-u_, ~v. r--= _
ing or impairing any eqnity lien or right nnder or by vtrtne of this mortgage and maY P~ ~ PsY !or snch insurance or
anq part thereos witlwnt wsiving or aifecting the option to torec~se or any right berennder and each and every snch psYment
shaU bear interest st the nte of ..83F~ Peroent Pe~' annam irom dste.
8. In the eveat it beoomes nece~rY to foreclose this mortgage, parties oi the lirst Part agree to the appointment of a
receiver. to oonserve tLe renls snd profita secnrin8 from or derived irom the sbove descn'bed property.
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IN WITNESS W'HERFAF. the said ~ortgagor have be~n~ ~ their and seal S the
day and qesr iirst above written.
Signed, sealed snd delivered in the preaenoe of: (SEAL)
UC.Q.-~-c~ 1GI ~ ~ • '
( SEAL)
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~~227' ~1381
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