HomeMy WebLinkAbout1835 1. To pay sU and ain~ular the prineipal and intereat snd otl+or suma of mo++ey paysDle by virtue of said prumissory note
and auch further sum or sums ot money~ [i an:~. as the wid pa rty ot the second P~rt maY +uivanca to the partL6S- oi the
firs~ psit P~Ptly on the d~ya resPectively the same aeverally be~ome due.
2. To pay all and ain~ulas the taxea, assessu~cnts, levies. liabilities. obligations end eneumbrsncea oi every nsture on
:~aid described properties. end it the s~me be n°t Pro~puy Psid the said party oi the second part= its aucceasors and aatigas
may at ony titae pay the aame without waiving or diecting t he optiQn ~ forecloae or any right hereunder~ snd every p~y-
ment so made sl~all besr intereat irom the date hereof at ine rete .,f y~~ pezccnt, gcr annnm.
3. To pay all and singular the costs. charges and expen ses. including attorney's fees. reason~?bly i~ieurred or paid at any
t~me by asid party of the aeoond Wrt, its successore, 1~aa1 rFres"n~'tives or asaigns, because of the failure on the part of the said
;,~r~ lE,g ~f ,~i~;i~ }hei r sLCCesar~*a, 1~qa1 representativea or assigns, to perform. comply with and abide by each
and every stipulation. agreement, condition and covenant of sa id pm~nisaorY note and this c1eeA. or e~tt?er. and every such pay-
ment shall bear intereat from date st the rate of peree~?t, Per annum-
4. To permit, commit, or aatier no waste. impairment or deterioration ef said propert~ or any part thereoi.
6. To perform, oomplq with and abida by each snd eve ry the atipulstiot~s, agreemonts, con~i:;ona and covenants in
said promissory note and in this deed set forth.
6. If any of aaid sums of money herein referred to be not promptly and fuU~i paid within - 30 days next atter the
sau~e severaUy be~vme due and paysble. or if each snd e~~ery the atipalations, sgreements, conditions and covenants of aaid
promiseory note and this deed. or either. are not~ duly pertormed. complied with and abided by. the said aggregate sum men-
tioned in aaid promissory note, sha11 become due and payable forthwith. at the option of the party of the aecond Pi??t. its
successors. legal representativea or assigns, as tuUy and completely as if the said aggrPgate swn o! •
or the advanees heretofore referred to vcas originally stipulated to be Paud on such day~ anything in said pmmissory note or
notes later to be eacecuted and secured hereby. or herein. to the contrary notwithstanding.
To keep the baildinga novr or hereafter on said lands insured in the smm ~ot lesa than
doilars in a oompany or companies to be apprnved by the said party of the second part, its successors. 1e6a1 rePreaentatives or
assigns, and in the event any sum of money beoomes payable under such policy or polieiea. the said party of the secor.d part.
its sutcesaors or aasigns. shall have the option tu receive and apply the same on account of the indebtedness hereby secured
or to permit the parties of the first part to receive and use it, or any part thereof, for other purposes, vrithout thereby waiv-
ing or impairing any equity lien or right under or b~ virtue of this mortgage and may place and pay for such insurance or
any part thereof without v?siving or affecting the option to forec'_ose or any right hereunder and eseh and every such ga3-~nent
shall bear interest at the rate of percent per annum from date.
8. In the event it becomes t?ecessaiY to foreclose this mortguge. parties of the first part agree to the appointment of a
receiver. to conserve tbe rents and pmfits securing from or derive~l from the abo~e described pmpezty.
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~ hav~_ hereunto set the 1 r hand_ and seal the
~ IN WITNESS VYtDEREOF. the said Mortgagor
day and qear first above written. ~ _
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Signed, sealed'and delivered in the presence of: (SEAL)
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