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Home My WebLink About0437 • r t. • ~ r~' • j ~ , : ~ . ~ ~ ; ~ ~ ~ I ~ i I ~ ~ 1 nd shall ~ erjor~~i, con~pl~ irith cuid abide b~ each and e:Jer~ the stipulations, agreements, conditionx aud n P ' co~venants of said promissory note_..._.and oj this deed, then this deed and the estate thereby created shalt ~ I eease and be nulL and void: ~ 1. T.G " artga,ry~r hpre~• cm,ennnts and aprees: ~ (u) To pay a11 and sin9ula~r the prineipul Riid interest and the Larious and sundrU sums of , money payable by virt:~e of the a6o~+~e desere6ed promisso?'U note__.___; and this mortgage, and g ~ nny and all rene:cals oj the same, or any part thereof, a~td also any and all other loans a~nd/or f i udvuncements u,~hich may be made bg/ Mortgagee to Mortgagor, promptly on the days respec- , tively the sa»te se~;eralt~ become dz~e. (b) To ~ay aIl and siieg:ilar the taxes, assessments, levies, linbilities, obligations and encum- brances of ever~ nu~ture, m: said descii6ed prol~erty ench and every, and if the sam~ be not prmnptly pnid the ~tiiortgagee ma~ at any time pay the same urithout zuaivin~ or af feeti.ng the upt~mt to foreelose or any right hereunder and every 7~asyment so made shaU bea.r interest from ~ the date tl~ereoj at the rnte of 1~.---------Per centum per a~num.~ ~ ~ (c) To ~ay all and singular the costs, charges and expenses, incliuIi~ip laivyer's fees and abs- f . traet costs reasonably incurred or paid a~t any time by the Diortgagee because of the failure on ~ ~ the part of the Mortgagor to perfor»t, compi~ ~oith and abitle by each and every the stipulatim~s. _ • ,oe..,.,, m~tQ-----.and this I agreements, condit~ions and cor.enann e~t ghail~~ ar~ti ~erest ~ m da~at the~rate oj_____.10..______._ ~ I deed, or either, and eiery such pay per eentum per annum. ~ ; (d) To kee~ the buildizigs ~tot~u~lh insf t valusaid land insured against loss by fire and wind- ~ 1~ storm in a st~»i not less than S-----------------------------•,~~j a ~ompany or com~anies accepta.ble to the ' ; Mortgagee and the ~olicy or pulicies shaii be lield a~~ payable to the Mortgagee. In the event any ' ~ I i sum of m.oney becomes gxtJable ttnder such polic~ or policies, the ~tilortgagee skall have the op- , ~ tion to receie~e and ap1?ly t)1e sa»ze on accou~at of the indebted?iess kereby secured, or to per•mtt I fhe Mortgagor to receiLe and t~e it or a~ty ~art tliereof far other ~urposes, without thereby ~ ~ I1 uaiLing or impairing au~ equity, lien or rfght ui~der or by rrirtice of this deed, and the Mort- ~ gagee »za~ place and ~x~y for• such insiu•ance or an~ pa.rt thereof uithout wa:uing or affecting ; ~ the option to foreelose or any right thereunrler•, a~id eaeh and every such payment shall bear ; ~ ~ I~ interest jrom date at the rate of._..___.10___.______per centum ~er a~in2~m. ~ (e) To ~ermit, coniniit~or sujfer no uaste, intpatrnte~tt ar deterioratimi of said property or ~ ' any part thereof. ~ (f) That if any of said su»ts of nim:ey herein referred to be not pramptly and f:dly paid z~~ith- i~t__.1Q_._.. da~s ~text after th~ sa~ne, sei~eraily becomes c~ue nnd ~a~able., or ij each and every the ~ i~ stipr~latio~is, agreements, conditio~ts and eo~;ena~its of snid praniissor~~ note nnd this deed, or ~ either, are nu~ jtell~ ~ie~•j~j'n~ecf~ CG:~.E.II~t~ tc'itli a~id nbided f?~, the ~a~d aygrepate su»i mentioned ; , jj in suid promissory 9tote, and anb reneicat thereoj,a~ul all i~ulebte~lness jram Murtgagor to Mart- ~ I gagee, shaIl bc~eon:e due and ~uyable forthicith, or fheren/ter at. the option of the dtortgagee as L i~ full~ and eompletely as if the satd aggregate sa~»i oj said indebted~~ss a~id said promissor~/ note ~ , j~ ~ te«s ori~i~rall~ stine~latecl b 6~~ l~aict on sueh dce~, a~iythinp in said promissor~/ uote.or heref.n to ~ ` the contrary notu ~thstandi~ig. ~ I~ I (g) That in order to accelerate the mah~rit~ of the i~edebtedness hereby secured, because of the ~ failz~re of the .'lfort,qagor to ~ny c~n~ tux, assessme~:t, liability, obliga.tion or encumbra~iee zipon ~i ~ said property, as heretn prot•ided, ~t shaIl ~rot be necessar~ nor r~q~~i~ite thcet the .ilnrtgngee ' ~ ~ shall first pc~y the same. . ~ I (h) Tu perfo~yre, comply ~~•ith a~td abide 6y eaeh and ei~e.ry thP stipidatiu~rs, agreements, cmi- ~ , ~I . ditions and eotenantx zn said p?•oniissor~ not~ «nd in this deed set jorth. ' I The lie~t hereof shall eztend to and include the r~sr. rcnts, atid prnfits c~f said premises, b:~t the ~ ~i i ~f 'i i ltiiortgagor sliall haz•e the right to renaain in pussession of said pre»iises and enjo~ the use, aitd to reeeize i; ' the rents nnd profits tliereof, icithout accout~tn~g to tlee 1~fortg~c~~•e the.refur, so LoiiU as tliere sJ~q~ll be no ~ ~j dejault hereunder, provided that in th~~ erent oj a~iy stcch dPfaulf hereunder for a period of_____ u______.__~.- da~s, the ~'Kortgagee shall 6e c~ntitied to the possession n~id use oj said niortgaged ~rentises, and to re- ~ ~ ceive aiul apply the net rents and profits th~~~-eoj, ~~po~a alicl toic•a,•d the payment of the indebted~iess here- ; i~ . x ~ " b~ secured. ~ I S. I~c the event ther~ shctll 6e fi(ecl n 6ill to foreclosc~ fltis d~c~l, the plaintifj shall im»iediate(~ and ~ ~~I t tvithout noticP be entitled to tlie «l~poinfm~mt of a receii•er ~or th~~ neort~a~ed 7~roperty a~td the rents, ~ ~ en:rnings, issues, itacomF aud profits the.?•eof, icitlt the i~sua~ poi!~er oj ~•cceiz•ers in such cases, and sttch ~ j~ ~ reeeirer ~nay 6e contint~ed ii: l~ossession of said p?•operty a~ut of. sciid re~it~, carnings issues, incnme ancl ~ i i projits of snid propertt/ durin~ the pendency of such foreclosure st~it, and the :1lortgagor here6y speci- ! ~ically traii~es the rr~ht tn r~~,jeci to sueh a i ~n~~d co fhat s~~ch al~pointmeirt 4hct11 b~ made 1 ~ ~ ~:.W ' ~ ~ + dOC~lt FA6E ; • , . ~i ~ = . : . ~ ~ ~ _ - : ~ . `