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HomeMy WebLinkAbout2176 1. To pay all and singular the principal and intereat and other aume of money payable Ly virtue of aaid prumiscory note and such further aum or sums oi money. if any, aa the said pasty of the second psrt may advance to the part le3 of the firat part promptly on tho days respectively the same sevezalty become due. 2. To pay all and aingular the taxes~ assesaments, levies~ liabilitiea, obligations and encumbrances oi every nature on. said described prnperties~ and if the same be not prnmptly paid the said party oi the second part, ita succeasors and assigna may at any time pay the same without waiving or affecting t he option to foreclose or any right hereunder~ and evcry pay- ment so made ahall bcar interest from the date hereoi at the rate of 8~$ percent, per annum. 3. To pay all snd singular the costs~ charges and espen ses, including attorney's fees, reasonably incur?•ec1 or paid at any time by said party of the second part~ ita successora, legal repreaentatives or sssigns. because of the failute on the part of the said }~art~3ggof the first part. ~g}.~ successors. legal representativea or assigns, to perform, comply Kith und abide by each and every stipulation, agreement, condition and covenant of said promissory rwte and this deed, or either, and every auch pay- ment shall bear interest irom date at the rato oi 8~~?ercent. per annum. 4. To permit~ rnmmit, or suffer no waste~ impairment or deterioration of said property or any part thereof. 6. To perform, comply with and abide by each and eve ry the stipulations, agreemonts~ conditions and ¢ovenants in said promissory note and in this deed set forth. 6. If any of said sums of'money herein referrni to be not promptly and fuUy paid within days next after the same severally become due and payable, or if each and every the stipulations. agreements, rnnditions and covenants 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 promissory note, shall become due and payable forthwith, at the option of the party of the second patt, its successors, legal representatives or assigns, as fully and ccmpletely as if the said aggregate sum of T@II Thousand D0118rS or the advances heretofore referred to was originally stipulated to be paid on such day, anything in said promissory note or notes later to be executed and secured hereby, or herein. to the contrary notwithstanding. 7. To keep the buildings now or hereafter on said lands insured in the smm ~ot less than'I'E'-n Thc»>sanr3 nnl 1 arS <iollars in a company or companies to be approved by the said partq oi the second part~ its successors, legal representatives or assigns, and in the event anq sum of money becomes payable under such policy or policies. the said party of the second pa~~t, ~ its successors or assigns, shall have the option to receive and apply the same on account of the indebtedness hereby secured 3 ! or to permit the parties of the first part to receive and usc it. or an~ part thereof, for other purposes, v~ithout thereby waiv- i?~g or impairing any equity lien or right under or by virtue of this mortgage and may place and pay for such insurance or any part thereof without waiving or affecting t}ie option to foreclose or any right hereunder and each and every such papment shall bear interest at the rate of 8~$ percent per annum from date. 8. In the event it becomes necessary to foreclose-this mortgage, parties of the fi~•st pa~t agree to the appointment of a recei~er, to conserve the rents and profits securing fibm or deri~•ed fi»m the above described prnperty. i ~ . 6 ~ •i ~ ~ E[ ~ i ~ ~ ? ~ i ~ i ~ ~ ~ ~ ~ ~ ~ C ~ ~ ~ ; IN WITNES3 WHEREOF, the said Mortgagor hdVe hereunto set Our hand S and seal S tho day and year first above written. ~ t ~ ^ ~J ' ~ Signed, sealed and delivered in the presence of: X ~ j ~ ~ ~ (SEAL) ~ ~ ~ _ ~ _ ~ ~ ~ ~ ~ ' / , . ='I~- ~ ~~7 ~~'E~~~( SEAL) ~ ~ ` ,C~_`LC~ - ~ , . ~ ~ ~ ~ z ~ j ~ ~YY11~VW ~~IGt~~ f i ~ ~ < „ ; _ _ - - - - - - - r,:~`'~,.~.~-°i"~'T "+-~t - : ~Y~ , ~ - ~~A~ s - - -