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HomeMy WebLinkAbout2011 t f ~ i i { i 3 I and shall duly, promptly and fully per[orm, discharge, execute, etfect, completP, comply w~th and abide by eact? . and e~'erp the stipu]ations, agreements, conditions and covenants ot said prom~ssvry riote end of this mortgage. then this mortgage and the estate hereby created shall cease and ~e nWl and void. It is understood that each of the wonis. "nate," "mortgagor" and "mongagee" respecGvely and We proa- ouns re[emng thereto, whether in the singular or plural anywhere in thls mortgage. ahall be singular it one oNy and shall be plural jointly and severally, it more than one, and shall be masculine, teminine and/or neuter. wher- ever Lhe context ao implies or admits. r And said Mortgagor for himeelf and hia heirs, legal representatives, successore and asslgns. hereby coven- ant~ ana agrees to and with aaid Mortgagee~ his legal representatives, successors and assigns: 1. To pay sll and singular the principal and intere~t aad the various and sundry aums ot money psyable b~ ~ virtue oi aaid prnmis~ory note, and this mortgage. each and every. promptly on Lhe daya tespectively the same severaDy become due. 2. To pay all and aingular the taxea, as9essments. levies, liabilitiea, obliRations and incumbrances ot every nature and kind now on said described properly, and/or that hereafter may be imposed, euffered, placed. levied or assessed thereupon, and/or that hereafter may be levied or a.ssessed upon this mortgage and/or the indebted- ness secuted hereby. each and every, when due and payable accorciing to law, be[ore they Decome delinquent, nnd before any interest attaches or any penxlty is incurr~; and in so far as any thereof ia of record the same i shall be pevmpUy satisfied and discharged of record and the oriRinal officiat document (auch as, tor instance. j :he tax receipt or the satisfaction paE?er officially en~iorsed or certifiedl ahall be placed in the hand~ of said • ~ Mortgagee v~~thin ten days next after payment; and in the event that any thereof is not so paid, satisiied and discharged, said Mortgagee may at any time pay the same or any part thereof v~lthout waiving or atfecting . any option, lien, equity or right vnder or bp ~•~rtue of this mortgage, and the full amount oi each and every such payment shall be immediately due and payable and shalt beer intemst trom the date thereof until paid at the rate ot ten per centurn per annum and to~eth~r wilh such interest shall be aecured by the lien of this mortgage. 8. To place and continuously ke~p on the bu~ldin~a now or hereafter aituate on said land fire and windstorm insurance in the usual standard policy fnrm, in a sum not less than =........M~~u~..--.•-----••--•-••. in auch com- pany or comp^nies as may be approved by sai~l 2Nort~a~.~e: ami nll such insurance policies oR any o! ~aid build- ings, any intereat therein or part thereof, in the a~fire~ate sum afomsaid or in excess thereot, shall contain the ~ usual standard m~rtRagee clau.se makinR the lu~s ur.~i~r sa~d policie~, each and every. payable to said Mortga- gee as his interes[ may appear, and each ar.d e~•e: su~•h policy shail be promptiy delivered to and held by said I~iortgagee: and, not less than ten days in adran~e of the Pxpiration of each policy, to deliver to snid MortgaRee a renecval thereof, to~ether ~rith a receipt for thP prPmmm nf vi~r•h mnewnl; and there ahall be no such insur- ance placed on any of safd buildinRs, any interest therein or part thereof, unle.as in the torm and with the loss payable as aforesaid: and in the e~•ent any sum of money become~ payable under such pollcy or policiea said ~ Mort~aqee shall have the optiun to receive and apply the aame on account of the indebtedneas aecured hereby or to permit said Mort~agor to receive and use 3t or any part thereot for other putpose.! without thereby waiving or impairing any equity, lten or riRht under or by ~irtue of this mortgage: and in the event said Mortgagor ahail tor any maso~ tail to keep the said premivcs so inaurnd, or . fail to deliver promptly any of said policiea of ~ insurance to said 1linrtgaRee, or fail promptly ta p~y [ully any premium therefor, or in any respect fail to per- ~ form, di4charge, execute, etfect, complete, comply with and abide by thi~ rnvenant, or any part hereof. sald Moctg- sgee may place and pay f~r such insurance or any part thereof witheut waiving or atfecting any option, lien. ti equity or right under or by virtue of this mort~age, and the full amount of each and every euch payment ahall 5 be immediately due and payable and ahaU bear intPrest trom the date thereot until paid at the rate ot ten per ` centum per annum and together with such interest ~hall be aecured by the lien ot this mortgage. ~ 4. To permlt, commit or sufter no wa9te, impairment or deteriotatlon of aaid propertq or anq part~thereol. ~ 6. To pay all and singular the costa, charge~ and expenses, including reasonable lawyer's tees and cwt o! ~ ab~tracts of title. lncurred or paid at any time by sald Mortgagee because and/or tn the event of the talluss on the part oi the ssid Mortgagor to duly, promptiy and hilly perfortn. discharge. e~cecute. effect, complete, complq with and abide by each and every the stlpulatlone, agreements, conditlona and oovenants of eaid promis- ~ ~ sory note, and this mortRage. any or either, and snid costs, charge9 and e~cpenses, each and every. shall be tm- ~ mediately due and payable. whether or not thece be notice, demand attempt to coliect or auit pending: and ths ~ ~ hill amount ot each snd every such payment ahsll bear interest trom the dats therea! until pafd at the rate ot ~ ten per centum per aiu~um• and all sald coeta. charges and ezpenses w fncurred or pai~, together with sucb 1n- ~ terest, ~hW bs secured by the llm ot thfs mortgage. ~ $OOK ~?~G. ~F~~ ~ ~ . 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