HomeMy WebLinkAbout2726 1
,
r
~
' ~ ~
and shall perfoim, comply with and abide by eaoh and every the $~ipulations,
acgreements, conditions acnd coveruants of sa~id prnrnissory note and of thi,s deed, then
! this deed c~,nd th,e estate hereby created shaLl cea,se and be null arid void.
i
I .~I~ the sa,id JKort~m~or hereby covenants c~nd a~ees:
~
i
.1. To pay all and sin~ular the principal arul interest and other sums oj money
payable by virtue of said p~o»ussorrJ note and this deed, or either, promptty on the
days respectively the same severolly come due.- -
Q. To pay ald and singular the taxes, assessments, levies, liabilities, obligations
and encumbrances of every nature on said descrabed property each and euery, and
if the sam,e be not prn~nptly pa,id the Sacid .1Kort~a~ee m,a~y dt any tim,e pacy the same
with,out wa.iving or affectLng the option to foreclose or a,ny right hereunder, and every
pcayment So mcide shall bear interest frorra the d,ctite tJiereof at the rate of 7%
per cent. per annum.
7'o pay oll and sin~uiar the costs. charge~.' arui expenses. i.ncluding lawyer's
fees, reasonably incurred or pa~id at any time by said .M'ort~agee beccause of th.e failure
on the pcart of the gaid .hfort~dgor to perform, co~rcpZy with and acbide by each and
every the stipulations, ag'reement~s, conditions dnd covenants of sdid prurrcLSgory note
and ~his deed, or either, dnd every such pa.ym,ent sha,ll bedr interest frnm dacte at the
rate of 7% per cent. per a~nnurrc. ~
~ To keep the building now or hereafter on said land insured in a sum not
less than i
None Dollars, in a company or companies to ;
be apprnved by Said .Mortgagee, aud ~he polic~ or policiea held by and . payable to sa,id `
.Mortgagee, and in th,e event any surrL of mon~y becomes payccble under such policy or
policie8, the J~fort~a~ee sha,ll have the optcon to receive dnd apply the 8am,e on account
of the indebtedneas hereby secured or to permit the .JEfortgagor to receive and use it, or
any pcart thereof, for other purposes, without thereby zocaivtng or i~npa,iring any equity
ti,en or righ,t unc~ler or bb virtue of thi~s mortga~e, aru,~ m,a,y place an.d pa~ for auch
insurcance or c~ny pa.rt thereof, withou~ waiain~ or mffactin~ the option to foreclose or
u,ny ri~ht hereunder, and eacch and every such po,~lm,ent sha,ll bear intere8t frorri da,te
at the rate of 796 per cent. per annu~ra.
80UK 234 ~e~f 2724
. ~
~ _ ~ _ -
„ ~ -~.s~ ~ ~
_ ~x ~
, _ ~i._ ~~s~_~ _ _ ~ - °