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VALUE RECEIVED, tiN ued~si~~d, nN~l and ~vKSlly, rROMISE TO PAY to tM or~~? of--.--
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~ _ or wch oth~ a as tM ho1dK
: ~t _L~~.?~~_,_. ~~1~X-- _uts--.~~ao~sen_ ~e~h,--k'lorids~~4~7----------------- ,
` whh intK~st from ---_._~L-_~T~!'~!!;~~t-Z'~i~~ - ~ - - -
~ 1»hof mar naN in ~i n~ 1o~Nh -
at th~ rsh o~~~--- P~ ~u~ PM ~nnum on N+~ vnpaid balanc~ until m~turity. Th~ ssi prindpsl and iet~nst shail
b~ dw and payabl~ as bws: .
~
~ ~ Pa~yable in en ad Fifteen Hundred t$1, 500.00 ) Dollars
~ p~cincipal. Interest p~yable y, being due one month from date,
and continue each morith th er untit paid. This nate m~y be prep~id
at any tLme the makers des e with ty•
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and shall duly, prompqy and fully perform. di~charge, execute, effect, completP, comply wtth and abide by each
and e~ery 1he stipulations. agrs~ements, condltions and covenants of said prom~ssory ~ote and of this moft8a8e.
then thi~ mortgage and We eatate hereby created shall cease and be null ana void.
It ia understood that each of the wonls. •'note." "mortgagoY' and "mortgagee" respectively and the pron-
oun~ re[erring thereto, whether in tha singuiar or plurnl anywhere 1n thta mortgage. ahali be aingular It one only
and shall be plural joinUy and ~everally, if more than one, and shall be masculine, feminine and/or neuter. wher-
ever the context eo implies or admits.
And aald Mortgagor for himeeli and his heirs, legal representat~vea, succes~ors and aaslgw, hereby coven-
ants ana agree~ to and with aaid 1?tortgagee. hfa legal representaUve~, succesaors and assigns:
1, To pay all and aingular the principal and intereat and the vatious and sundry sums oi moneq psyable by
virtue of aaid pmmiasory note. aad this mortgage~ each and every. prompUy on the daya reapectively the eame
severally become due.
i 2. To pay a11 and sinS~lsr the t~ea, assessmenis. leviea, liabilities. obligatlona end incumbrances of every •
i naWre and kind now on said described property, andlor that hereatter may be impo+ed, auffered, placed. levied
f ar assesaed thereupon. and/or that hereatter may be levied or assessed upon this mortgage and/or the indebted-
~ ness secured hereby, each and every, when due and payable according to law. betore they become delinquent, -
and before aay interest attaches or any penalty is incurced: and in so far a.e any ihereof ia ot ncord the same
shall be prompUy satisfied and discharged ot record and the original official document (auch as, tor instance.
;he tax receipt or the satisfactioa paper officially endorsed or certifiedl ahall be placed in the hands oi said
Mortgagee within ten days next after payment; and in the event that any thereof is not ao paid, aatisfied and
discharged, said Mortgagee may at any time pay the same or any part ihemot without waiving or affecting
any option, lien, equity or right under or by ~ irtue ot this mortgage. and the full amount ot each and every
auch payment ahall be immediately due and payable and shall bear interest from the date thereoi until paid
at the rate ot ten per centum per annum and together with such interest ahall be aecured by the lien of this
mortgage.
S. To place and continuously keep on the buildings now or hemafter eituate on said land 8re and w[ndstarm
. ~ in such com-
inaurance ~n the usual standard ~?olicy farm, in a sum not less than i~---•~M~~um--°.-........°
pany or comp^nies as may be approved by sai~i Mort~a~ce: and all such insurance policies on any of satd build- _
ing~, any interest therein or part thereof, in the aR~regate sum atoresaid or in excess Lhereot. ~ha11 contain the
usual standard mort~agee clause makinR the lnss ur.der 9aid policies, each and every. pay~ble to said Mortga.
gee as hie interesi may appear, and each ar.d erery s~s~•h policy shall be promptly delivered to and held by said
Mortgagee; and, not less than ten days in ad~~anoe ~f the eapiration of each policy, to deliver to snid Mortgagee
a renewal thereof, toRether with a receipt for the premiom of qn~h rnnewai• and there shall be no such insur-
ance placed on any of said buildin1{s, any internst therein or part thereot, unless in the form and with the los~
payable aa atoresaid; and in the e~ent any aum of money becomea payable under auch pollcy or policiea aaid
Mortgagee shall have the opUon to receive and apply the :~ame on account of the indebtedneas secured hereby or
~ to permit said Mortgagor to receive and u`e it or any part thereot for other purposes without thereby waiving
or impairing any equity, lien or right under or by virtue ot this mortgage: sad in the eveni ssid Mortgagor ahall
for anq reason [ail to keep the said premi~es so in4urnd, or fail to deliver pmmpUy any ot sald policip of
insurance to said Mortga~ee, er fail pmmpUy to pay fully any premium therefor. or in any respect tatl to per-
~ form. discharge, execute, etfec~ complete, comply with and abide by this covenant, or any part hereof. aaid Mortg-
agee may place and pa,y tor such insurance or any part thereof without waiving or atfectlng any option, ien,
~ equity or right under or by virtue of thia mortqage, and the full amount of each and every such payment shall
~ be immediately due and payable and shall bear intPrest from the dete thereof unttl paid at the rate of ten per
~ centeun per annum i+nd together wlth auch lnterest ahall be eecured by the lien of this mortgage.
4. To permlt, commit or suffer no weete, impairment or deterlorsUon of aafd property or anY P~
~
~ 6, To paq a11 and singular the coets, chargea and expen~es, including ceasonable lawyer's feea and coat o!
abstracta of tiUe, incurred or paid at any tlme by eaid Mortgagee beceua~ ai?d/or fn the event of the failurs
on the psrt ot the said Mortgagor to duly, promptly and Nlly pertorm. dlscharB0. uecut~. eKec~ complets,
- aomply with and e~bide by each and every the sUpulatlons, agreements, conditlons ~h
~aent~ ot e~i u~~'
eory note, and W~ mortgage, any or efther, and said costs, charges and e~cc~enses. ry~
mediately due and payable, whether or not there be notice, demand, sttempt to oollect or sult pendl~B: and ths
. fu11 amount ot each and every auch payment ahsll bear interest trom ~ ~Wo~~~
~~~dr~~~~~~ ~
< tea per centum per annum: and all eald costs. charBes and exP~~ -
ts=,qt, ~hall bs secured by the llea of thia mortgage.
a~oK 232 p,~~ 850 ~
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