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HomeMy WebLinkAbout0981 AND the said Mortgagors, for themselves and their heirs ~~`~bgal representatives-and assigna, hereby do covenant and agree: , 1. To pay all and singular the principal und interest~and other sums of money payable by ~ virtue of said promissory note and this deed~ or either~ promptly on the days respectively ' - ~ the same severally become due. , 2. To pay all and singular the taxes~ assessments, levies. liabilities, obligutions and incum- brances of every nature on said described property~ each und every. and if the same be not promptly paid the ssid Mortgagee~ its successors, legal representati~~es or assigns. may at any time pay the same without ~vaivins or affecting the option to foreclose or any right hereunder, and every payment so made shall bear interest from the date thereof at the rate of ten (10 ) per cen~ per annum. 3. To pay all and singular the costa~ charges and expenses. including lawyer's fees, rea- sonably incurred or paid""at any time by said Mortgagee. its succesors. legal representatives or assigns, because of the failure on the part of the said liortgagors ~ their heirs. legal representatives or assigns to perform~ comply with and abide by each and every the stipulations. agreements. conditions and covenants of said promissory note_ and this deed. or either. and every such payment shall bear interest from date at the rate of ten (10 )_per cent. per annum. ~ ~ ~ -.s ~ To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. .~,To perform~ comply with, and abide by each and every the stipulations, agreements, conditions and covenents in said promissory note_, and in tl~is deed set forth. ~,If any of said sums of money herein referred to be not promptly and fully paid ~vithin ~ tan (1 O 1 days next after the same severally Uecome due and payable. or if each and every ' the stipulations, agreements, conditions and co~ enants of said promissory note- and this deed~ ~ i ~ or either, are not fully performed, complied with and abided by, the said aggregate sum men- : 3 ~ tioned in said promissory note- shall become due and payable forthwith or thereafter at the ~ option of the Mortgagee, its successors, legal representatives or assigns. as fully and com- ~ pletely as if the said aggregate sum of~~~N THOLtS~ND _ lS7 -QQQ..QQ)_ ~ dollars were originally stipulated to be paid on such day, anything in said promissory note - ~ ~ or herein to the contrary notwithstanding. ~ ~ - 7. Wherever the Mortgagee is in this instrument given the ~ option to accelerate the maturity of the mortgage debt, the ~ Mortgagee, to the extent permitted by law, may do so without ~ notice or demand to or from the Mortgagor, except as otherwise z specifically provided herein. ~ 8. To the extent permitted by law, the rights and remedies 4 provided for herein, or which the Mortgagee may otherwise have, z~ (including but not limited to the right to damages by reason of r~ the Mortgagor's failure to keep, observe and perform any of the ~ ~ ~ covenants, conditions or agreements contained in this Mortgage) shall be distinct, separate and cumulative, shall not be deemed ~ ~ to be inconsistent with each other, and none of them, whether or ~ ~ not exercised by the Mortgagee, shall be deemed to b~nexclusion ; ~ of any other, and any two or more or all such rights and remedies ~ ~ may be exercised at the same time. ~ BOOK ~~S P t ~ 3 - ACE 9~ ' ~ i ~yi y ~3~~; ~ ~ o~+ti. ~ t. ~x" ~ v ~ r~-~.~.,~:~~.~~ a :