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HomeMy WebLinkAbout1443 ~ ~ ~ , . ~ i . . . , . + i t , ~ 1 i and shali duly, pmmpU~ aad tully perform. ducharge, c~cecute, eftect, compkte, compiy wtth and abide by each aad e~ery the stipulauaa~. agmmeAt~. Ca?d1Gona and covenants of said pmm~s~ory note and of tt~s mortgage. thea this mortgage a~ t1k esLte ~erebj created shall ce~e and be nuU anu vo1d. It iu wideatood that ach oi the vronL~. "~tc,•• "mortgagor" and "mortgagee•• respectivelp uid the pmn- ; a~n~ referring tt~ereto~ ~rhetber ia the ~ngular or plural anywhere in thte mortgag~ ahall be singular 1t oae ody p~ p~~r.~ jointl~r and xveraUy it more than one, and shal! be ma~culine, feminine andlor neuter. wher- erer LIIe oaatact so implies ~ adaiits. And said l[ortgag~or far Liaiselt and his heirs. legal representative~, succes~ors and as~igaa. hereby coven- ants anu agrea to and arith ssid liortgagee. his legal representativea. successors and assign~: 1. To pi~ a~ aad ainSular tbe principa! and intereat ard the vartow and wndry suma of money psysble b~ •irtue ot aaid pramissar7 not~ aad tLis mort8a8c. each aad every. Pmmptly on the days reapectirely tbe aam~ xverall~ beoome d~e. 2. To pay all and sin6~lar Uie taz~s. ~e~~s. levies. liaDiUtiw, obligations snd incumbrances ot every ~ natun and kind now aa aaid de~cribed property, and/or that hereafter may be imposed. suffered, plsced, levied or assesscd thereu~q and,/or il~at hereatter may be levied or a4sessed upon this mortgage and/or the indebted- ness sccured t~ereby, each and every: when due and {?ayabk according to law, betore they become delinquent, aad befc+re anp interest aLtacLes or anf penalty is incurred; and in ao far as any thereoi is of recorA the same s~ail b~ pr+~mpt2~ sstisCied and discha sed of reroM and the original official dceument (auch as. tor inatance. !he taz reaipt or tAe s~tisfactiaa paper officialiy endorsed or certifiedl ahall be placed in the hand~ of said ][ortgagee vvithin tm days n~t aiter payment; and in the event that any thereof is not ao paid. satisred and dischatged. said ~[ortgagee may at any time pay the same or any part thereot without waiving or affecEing any dpti~a, lien, equity or right under or by ~ ictue of this mortgage, and the full amount of each and every such paymeat shaII De immediately due and payaDle and sAall bear interest trom the date thereo! until paid at the rsLe ot ten per ccnGun per annum and together vr~th such interest shall be secured by -ihe Uen of this mortgag~ _ s, 11p ptaa and continuousiy kerp on the bu~ldin~a now or hereatter situate on said land flre and windstorm " ~Insuranoe in tAe ~~ual standarel policy iorm. in a sum not les~ than i---•- M~.X-~i ~-U~-•-------•------.~._... 1n such com- pany or comp^a:es as may be approved by sai~l 1?fort~a~ce: and all such insurance policiea on any oi said buil$- inga, aay interqt tbrreiit or part thereof, in the a~~re~ate aum aforesaid or in excess thereof, shsll ~ontain the usual standard mortRagee ciause makin~ the l:ns ur.dPr ~id policies, each and every, payable to said 1?iortga- gee as 6is interesi may appear, and eacd ar.d erer3 su~•h policy shalt be promptly delivered to and held by said ~iortgagee; and, not less than ten dsys in adranre of the e:p~ratian ot each policy, to deliver to snid Mortgagee a renewsl tlxreo(. tuKether vrith a receipt tnr the premium ot ~~rh rrnewal• and there shall be no such insur- } ance placed on any ot said ~ldin~, any interest therein or part thereot, unles~ in the lorm and wlth the Iws pavabk as atoresaid: and in the e~ent any sum o[ money becomes payable uader such policq or policiq aaid ~[ortgagee shall hare the option to re~'ei~e and apply the sau~e on acrount ot the indebtedneas secured hereby or ~ to permit said ~or[~agor to recei~e and u-~e it or any pxrt thereot for other purpoae~ wit~out thereby waiving or ia~pairing anr eqnitr; lien or riRAt under or Dq ~~rtue ot this mortgage: and in the event eaid Mortgagor ahall for any reasoa tail to keep the said pr+emises so insurrd, or fail to dellver promptly sny ot ~aid policiq of iniurance W said 'tortg~teG o: fail prompUy to pay fulty any premium therefor. or ia any re.+pect tail to per- form. d~l~arge. eaecute, effeM. compiete, comply u~th and aDide by thia covenant, or any part hereof. said Mortg- agee map placr and pav for such in_wrance or any part thereof without vvaiving or affecting any option, lien, eqmty ar r"sght under or b9 ~~rtue o! ihis mortRage, an3 the lull amount oi ear_h and every such payment shaII be ImmediaLel~ due and payable and shaU bear intrrest tmm the date thereot nntfl paid st the rate of ten per eentum Qer anaum snd Wgether with aud? tnterest shall be sec~ured by the lien ot thls mortgage. 4. To perrmit, commit or sniter no a-~te, impairment or deterloratlon of sald propetty or any psrt thereol. 6, '~1~ p~y W aad aingular th~ coeL+~„ chargea and. expenx~. includirg rr.asonaDle lawyer's fee~ and coet o! abeiraeL ot title. incurted or paid at an~ tlme bp satd 7?[or[gagee because and~or tn the event of ihe talinrs on the past ot the said y[ortgagor to duly. Promptlq and fully peKorn~, discharge, G[ecate. effect, completa,, compl~ vslth and aDide b~ eac6 and erer~ tbe sttpulations, agreements, conditlor.a and covenants of said pmmSs- ~or~ not~ and_ tAi~ mortBaB=. an~ or either. aad safd co~ts. cha~'Bes and ezpen~es. each and every. ahall be Im- a~atiatel~ ~e aad payaW~, ~vhetber or aot t2~ece be notice. demand. att.en?Pt to collect or sult pending: and ths ~ !bII atnoaat at each aad e~ery snch psymei?t sl~all Dear interrat trom ths dsts tDereot unt11 P~d st the rate ot tea Par omtnm p~ annum: aad all nid oosia. enarges aod ~pen~ss ~o tacurnzd or pai~, WBetber with wcb fn- temt. ~huD bs aecae+ea D7' tne liea ot thi~ mortgare. ` ~ ~ ~ ~~oK 23~ ~i44z ~ gr.6~ . s