HomeMy WebLinkAbout2173 . , ~
l. To pay a11 snd ain~lar the princiW~1 and interost and other sums ot moneY WY~ble by virtue of said promiuor'Y no~e
and such further sum or sums oi money. ii any~ the sajd W rty °S the uc°'~d P~ ~Y ~~C° tO of the
firat psrt promPtlY on the days respectively the ssmo severally beoo~o dua
2 To psy all and ain~ular iha taxea.:+see+ments, levies, liabilitiee, obli8~tlens and encumbr~?aecs oi evary nature on
,aid deacribed ~rcpertle0. snd ii the °°me be not PromP~i~ Psid Lhe aaid partY oi the secoAd PaTt• ib suocea~ors ~?nd a~i~s
may it any time PaY ~ u~ ~~Oq~ ~~~~g °r ~f~~8 t~ option to toreclose or snY right herennder. and every paY-
ment so made ahall be:i'r intereat ic+om the dede hereot ~t the rate oi pe~nt• Pe? ~nm.
3. To pay all and singular the eosts. char8es and eacPenses. ~nclnding attorney's feea. reasonably incnrred or paid at sny
time by asdd party oi tbe second par~ ite sacnssora.legsl i'ePresenu~ves or assigns, becauae oi the isilure on the part oi the asid
patt~_ of the iirst put, ~+pr successora, legsl repr~entativea or aeaigns. to pertorm, comply with and abide by eaeh
and every stiPu1sUan. sSrcemen~, c~Adition and eovenant oi ssid pmmisaory note and this deed, or either. and every sueh psy-
ment shall bear intereat irom date st the rate oi Pe~nt~ Per uinnm.
4. To permit, commit, or snfier no waste, ~uPurment or deterioration ot said property or any P+urt thereof.
b. To perform, ~P~Y wi~h and abide b~ each and eve rp the stipnlaHons. agreeawnts. conditions and oovenanta in
said prnmis~ory note and in this deed aet forth. .
6. If any oi esid sums of money herein referred to be not promptly and tuUy paid within daqs next aiter the
~A,n~ ,e.,erall„ ~ne due snd psyable. or if each snd everi? the atipulations, aSreements, oonditions and oovenants of said
pmmiasorY note and this deed. or eitber, are not dnly Perlormed. complied with and abided ~Y. ~ the seoo
d part,~ ita
tioned in said P~~ry IIO~ ~Ome dne and paysble forthwith. at the option of the party
sueceasors. 1ega1 rePreaentativ~ or aasiSns. ~ aa fully and wmpletely as if tbe asid aggre8ate siun oi
or the advances heretofore reieri'ed to a?as originally stipulated to be paid on anch day, anythin8 in said promissors? note or
notea later to be ezecnted and secnred hereby, or berein~ to the contrary not~vitLatandin8•
Eleven Thousand and
To keep t~e buildinga now or hereafter on said lands insured in the sam not less tlu?n
roved by the said p arty of tl~e aecond part, ita saocessors. 1egs1 zepreaent~~~ ~
dollars in s company or companies to be app of the aeoond part.
assigns, and in the event any sum oi money becomes P'?Yable nnder snch policy or policies. the said party
its successora or aasigns, ahall have the option ~o receive at?d spply the same on acconnt of the indebtedness hereby seeured
or to permit the paities of the firat psrt to reo~ive and uae it, or any psr! thereof, ior other purpo~es, withont thereby waiv-
ing or impairing any eqnity lien or right nnder or by virtne oi this awrtSaBe and may place and pay ior snch insurance or
a~T ~py~{"tY~~i withont waivin8 or aifecting the option to foreclose oT anY ~ght hereunder snd each and every su¢h paYment
~ ~ at the rate of pereent per annnm from date.
s}.-~W ben.,` •i~.
I 8. ..Ir. the~~,et+t it becomes necessarY to foreclose this mortgage, partiea of the first part aBree to the appointment of a
~ receiver~ to conee~ tbe renls ~nd pr°fita securing from or derived from the above described property?•
~ .
! ~
IN WITNES$ W1iERFOF, the sa~d Mort~agoz .ha$ hereunto aet her hand_ and seal - the
daq and year first above written•
/
gigned, sealed and delivered in the presence of: ~~~Z ~E (3EAL)
"~,~a~e._.e_ ,~~J /
- (SEAL)
~ ,~1 ~~tl~ ~
~ e~
~ ~27' ~?'17i .
-~~a
~.~_-y~~
~ ~ ~