HomeMy WebLinkAbout2371 ~Ypp~p~t ~jlU~1J~. tha~ if said Jlfort~a~or ahalt pa,~ unto the aa,id Jliort~a~ee
the certa,in prnmissory note, of which the follourin~ in words mnd ~l~wres is a~rue coP~/,
to wit: (aee attached)
.
anc~ shall perfo~m, comply with and abide by each and every the stipulations,
a eement,s, cond.itiong and covencants of smid prnmissory rr.ote and of this deed, then
l~s deed acnd the estccte hereby created shall cea,se and be null and vor,d.
4 .t~tt~1 the sct,id JFTortgm~or hereby covenawtts a.nd ac~`rees:
I~ .1. To pay a1l and sin~ular the princLpal anci interest and other su»as oj money
~ payable by virtue of said promissorr,/ note arrd this deed, o~ either, promptly on the
~ days respectivety the same seaerally come due.
To pay all and sin~ular the taxes, assess~nents, lerries, liabilities, obligations
and encurrabrartces oj eve~y nature on said descrilied p~operty each and eaery, and
if the sam.e be not promptly paid the said JKort~'a~ee m,cuJ at crazy ti~ne pa~y the sam,e
tai~hout wa,iving or affecting the option to foreclose or acny right liereunder, and everrJ
po,yme~at ao ~nade shall bedr interest from the date thereof a,t the rate of 8$
per cent. per annum. -
To pay al1 and sin~ular tht costs, charges anci expenses. includin~ lawyer's
fees, reasona,bly incurred or pccid u,t mny ti~ne by so,id Mort~agee becau.se of the fa,iZune
on the part of the said JKart~a~or to perfornz, co~nply urith and a,bide by each a.nd
every the stipulations, ccgreem,ents, conditions and covenants of said prumz,ssory note
and this deed, or either, a,nd every such pctyment sha~ll bear int~ere~t frnrra dctte v,t the
o
f 8$ per cent. per annurri.
To keep the building now or hereafter on said land insured in a surrt not
~ less than gULL INSURABLE VALUE
Dotlars, in a ~orrapany or companies to
be c~pproaed by said J1~ortgac~ee, and the polic~ or polici,es held by and pccyo,ble to said
.1Efort~mgee, and in the event any surrc of ~nonoy becomes Pdyabl~ under such Pvlicy or
policies, the .1Kortga~ee sha,ll have the optzon to receive a,nd ccpply the aame on a,ccoun~
of the indebtedness hereby aecured or. to pernti.t the Mort~a~or to receiae dnd u~se it, or
dny part thereof, for other pu~pose8, without tltereby waivtng or i~npa~iring any equity
lien or ri~ht under or by virtue of this ~nortgccge, a~td rna,b Pla~ce o.n~d P~J for such
inaurance or c~ny par~ thereof, without ~a~ivin~ or affectin~ the option to forecluse or
a,ny ri~ht hereunder, and each and every such pa~/~n,ent Slucll bea,r i.nterest fro~n da,te
at the rate of 8$ per cent. per annu~n. 0 R r~
d00U ~MViG PACE~t
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