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Home My WebLink About2317 . t~{~•~ ~ . • 1. To pay all and ain~ulu the prtncipal and intereat snd other auma of money psyable~ by virtue o! eeid promiesorq note_ snd this deed. or either, promptly on the daya reapectively the aame eeverally become dne. 2. To pay all and einSular the tazea. asseesmente, leviea. liabilitiea, obligatione. and incumbrsncea o! every natur~ on said deacribed property. eacb and every. snd ii tl~e a~?me be not prnmptly paid the a~id Mortga~ee_, i t s/ s u c~g~~~~~~~~ or may at any time pay the same without waiv~ing or'affect~ng t~e option to ioreclose or aay rlght hereunder, snd every psyment so made ahall bear interest from the date thereoi at the rate oi~per cen~ per annnm. • 3. To pay all and singular the costa, charge~ and ezpenaes, including lswyer'a lees, suc es ors reaaonably incwrred or paid st any time by said Mortgagee-, ft~xltD~DOIt~ or asaigna. because of the failure on the part oi the said Mortgagor. i~ anccessor8, legal representativee or aasigne, to pertorm, comply with and abide by eacb and every the atipula- tions, agreementa, conditiona and covenante o! Said prnmissory aote_ and tbia deed, or either, and every auch payment sball bear interest irom date at the rate of i~ per cent~ per snnum. ~ 4. To keep the buildinga now or hereafter on said land inaured in a sum not less than ThP ful l i n~~irahl a val i~r~ thPrnnf Ba[t~, in a company or companies to be approved by said Mortgsgee-, and tt?e policy or policies held by and payable to said ~ort~ge~, it s~s uc or aesigns, aad in the event any sum oi money becomes payable under sach policy or policiea, the Mortgagee-, it~ ~a6o~c ~~~~~~~cor asaigns, ahall have the option to receive and apply the same on account of the indebtedness hereby secured or to permit the Mortgagor to receive and nse it or any part thereof for other purposea, withont thereby waiving or impairing any eqnity, lien or right under or by virtue of this mortgage~ and may place and pap for ench insurance or any part thereof without waiviag or affecting the option to foreclose or any right hereunder, and escb and every such payment shall bear intereat fr.om date at the rate of 12 per cent per annum. 6. To permit, commit or~ suffer no waste, impairment or deterioration of said property or any part thereof. - ; 6. To perform, comply with, and abide by each and every the atipulations, agreements, ~ conditions and covenants in said promiasory note_, and in thia deed set torth. ~ 7. If any of said anms of money herein referred to be not prnmptly and fully paid j Within days neat after the same severally become due and payable, or if each and every the etipnlstiona, agreements, conditions snd covenants of said prnmissory not~ and thi,8 deed, or either, are not fally performed, complied with and abided by. the aaid aggregate sum mentioned in said prnmissory note_ shali become dne and payable forthwith or there- atter at the option of the Mortgagee.-, ~~u~~~x~$~~~F~'~~~~ft or asaigns, ss fully and completely as ff the said aggregate anm o~~1X.~.Y-Fi ve Thousand y n n n) dollars were originally atipnlated to be paid on anch day, anythin8 in said promisaory note_ or herein to the contrarq notwitbstanding. IN WITNESS WHEREOF, the said party of the first part hae caused tbese presents to be signed in its name by ita ~~rpo~~ President, and its corporate seal to be affiaed, ~ (~a~j attested by ita Secretary the day ~ ; ~ /j~`. and year above written. ~ , ~ ~ 9~ A • ' 3ecretary. ~ 3i ed, seal and deliv d in the preseace of : ~ ~ . • ~ - B • ~P~ident. :a 4- ~ ~ . ~ - ~j~ ~ ` ~ - - ~ . ~ - • f<~ , ~ :s r ; : ,t Melvin Michaelson q ' ' ~ " 17ri~ l~u~n~n,~» ~ p~pn,r,/ hy: , Es . ; __h i,. ~•a•.=?h '':,y..i ; ' 425 Park Avenue '~:i:j.' - ~ ~~r~c~i't:1 ~ ~ ' ~'J ~ ` New York, New York 10022 1~r~`f;~~~,~.~„~~~~~Q~!( ~ , _ _ _ _ . _ _ ~ ~~~~:~,~~~x~~ ~ - ~ ,~`2-s~n~ - ~ x ~:7c~ ~ ~ ~ :.x ~ ;