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HomeMy WebLinkAbout0250 ~ i . ~ i ~ 1. To pay all and singular the principal and interest a~d other aums of,money payable by viriue ot said prumiscory note ~ and such further aum or suma oi money. if any. as the said pa rty oi the second part msy advance to tlie par~ ot the first part promptly on the daya respectively the same severally become due. , . : • .z- t:.,~.;~,~c-~ .,?,1:-},.t:nn. ~.+.1 onr~nmhrwntv~n n~ PYPrY »n/~~rw on L. ~10 ~5~1 t111 1lUU tlIQ~W1~C ~UC ~owca~ ~ia~coeaa~c..w~ u.........w~ ......p....,..... ~ .aid described properties~ and if the same be not prnmptly paid the said pariy of the second part. ita succesaors and assigns may at eny time pay the same without v?aiving or affecting the option to foreclose or any right hereunder. and eveey ~~ay- ment so made shall bear interest f~bm the date heiew~ at~the ratL of peccent. per annum. 3. To pay all and singular the costs~ churges and e:penses.Zncluding attorney's fecs. reasonably incurreci or paid at any time by said party of the second part, ita suceessors~ legal sepreeentativea or assigns, because of the failure on the part of the said ~~art-- of the first part, - successors, legal representstives or assigns~ to perform, comply with and abide by each and every stipulation, agreement, rnndition and covenant of said promissory note and this deed, or either. and every such pay ment shall bear interest from date at the rate~ oi percent. per annum. ~ 9, To permit. commit, or suffer no waste~ impairment or deterioration oi said pmperty or any part thereof. 5. To perform, comply with and abide by each and every the stipulations~ agreemants, conditiona and Covenants in said promissory note and in this deed set forth. 6. If any of said sums of'money herein referreci to be not promptly and fuliy paid within days next after the same se~eraUy become due and payable. or if each and every the stipulations, agreements~ conditions and rnvenants of said ~~romissory note and this deed, or either~ are not duly performed. complied with and abided by, the said aggregate sum men- tioned in said promis~ory note~ shall become due and payable forthwith, at the option of the party of the second part, its successors, legal representatives or assigns~ as fuily and ecmpletely as if the said aggregate sum of . or the advances heretofore referred to was originally atipulated to be paid on such day~ anything in said promissory note or notes later to be exeeuted and secured hereby, or herein, to the contrary notwithstanding. 7. To keep the bnildings now or hereafter on said lands insured in the sum not less than - <lollars in a company or rnmpanies to be approved by the said pa~ty of the second part, its successors. legal representatives or assigns. and in the event any sum of money becomes payable under such policy or policies. the said ~arty of Yhe secor:d part. its successors or assigns, shall have the option to receive and apply the same on acconnt of the indebtedness hereby secured ' or to permit the parties of the first part to recei~e and use it,.or any ~>art thereof. for other purposes, without thereb~ waiv- ;i~g or impairing any equity lien or right under or by virtue of this mortgage and may piace and pay for such insurance or anp part thereof without waiving or affecting the option to foreclose or any right hereunder and each and every such payment shall bear interest at the rate of percent per annum from date. 8. In the event it becomes necessary to foreclose this mortgage, parties of the fir~t part agree to ihe appointment of a ! recei~er, to conserve the rents and profits securing from or deri~~ed from the aboce described property. i ~ ~ ~ a. ~ . ~ ~ ~ ~ ~ ~ ~ a~ ~ hereunto set ha seal the ~ IN WtTNESS WHEREOF, the said Mortgagor day and year first above written. ~ ~ : ~ Signed, sealed d delivered in the presence of: ~ (SEAL) ~ ~ . C~ / ~ti: t ~ (SEAL) ~ ~ ~ ~ ~ ~ °~R~.235 E-~~_- 249 ~ ~ ~ ~ ~ ~ . ~ ~ - - _ . : ~ ~ _ .