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HomeMy WebLinkAbout1381 ~ 1. To pay all and slr?~?1~?r the principal end intereat and other suau oi taoney payaWe by virtue of said promissory note and such lurther ~um ar sua~s ot money~ it any. as the said party ot tbe Moond part may sdvance to the par~lES of the fint paK promptly oA the dsys seapoctively the same aev~srally become due. 8. To pay all and sit~ulu the taxee, ~saessments~ leviea~ lisbilities, obligations snd encumbnnces oi every nature on sa;d deacribed properties, and it the same ba not promptly p~id the s~?id party of the seeond part, ib auocesson and sai~ru may at any time p~y tlra same ~vithout walving or atieeting t he opllon to foreclae or sny riQht hereunder~ snd every pay ment so made shall bear intereat imm the date hereoi at the r ate oi 9$ pereent~ per annnm. 3. To psy all and singular the eosts, charges and expenaea, including sttorney's feea, reasonably incurred or paid at any time by aaid party ot the ~econd pset, its snccessors, legal rspresentative,s or assigns, becauae oi the failure on the part of the said ~,ar~~soi the firat part, ~heir succeasors, le~l represea~tativea or assigns, to periorm, comply with and abide by each and every stipnlation~ agreement~ condition and covenant oi a~id pmmissory note and this deed, or either, and every such pay- ; ~ ment shall bear intereat irom data st the rste oi 9$ pereent~ per annum. 4. To permit, oommit, or suiter no wsate. imptirment or deteriontion of ssid pmperty or ~?{?y p~rt thereof. 6. To perform, ¢omply with and abide by each snd eve ry the stIpulationa, sgreen~anta~ conditiona and ~ovenanta in said promiasory note and in this deed set iorth. ~ 6. If any of ssid sums of'money herein referred to be not promptly and inlly paid within days ne~ct after the same severally beoome due and paysble, or if each and every the atipulationa, agceements, oonditions and covenants of said promissory note and this deed, or either. are not dnly perfosmed. oomplied with and abided by, the esid aggregate sum men- tioned in said promissory note, ahall become dne and payable forthwith, at the option of the party oi the aeoond psrt. ita successors, legal repreaentstives or assigna, as iully and completely as it the said sggregate snm of Thlrty ThOUSr.__ ~ or the advancea heretofore referred to waa originally atipulated to be paid on snch day. snything in said promiaaory note or notes later to be e~cecated and aecured hereby, or herein~ to the contrarq notwithstsndiag. 7. To keep the bnildings naw or hereafter on said lands insured in the smm ~ot lesa thsn $30, 000. 00 doilars in a company or companies to be approved by the aaid party of the aecond part, its succesaors, legal representatives or assigns. and in the event any anm o! money beaomes payabie nnder such policq or policiea. the aaid party oi the second part, its successors or aasigns. shall hsve the option to receive and apply the same on account of the indebtedness hereby secured or to permit the partiea-oi the tirst I?srt to receive and use it, or any part thereof. for other purpoaefi, withont thereby waiv- ing or impairing anq equitp lien or right nnder or by virtue oi this mortgage and maq place and pay for snch insurance or any part thereoi withont waiving or affecting the option to foreclose or any right hereunder and each and every auch 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 firat part agree to the appointment of a receiver, to oonserve the rents and profits securing from or derived from the above described property. ; i i . F i ~ I F 4 - I ~ ~ 9 g i 1 : ~ ; ~ . ~ t ~ y ~ a IN WITNESB WHERBOF, the said Mortgagor have hereunto set d s and 1 S the - ~ day and year iirst above writtea. FORT INE ~~A ~CORPORATION i" 'n i Sigued, sealed and delive ' the presence oi: by ~ • (SEAL) . . ~ • Pr e~ ~ . . 4 , ~ / ~~-Ys,• v ' ~ ~ ~f b ~ • ~ (SEAL) ~CC ~Q-~- ~7~(1-~ _ Vice e;}, - . i~ i, - ~ ~~'~..~~~it~~~~ ' . _~~u,~~- - eo~K243 PAGf~~~1 - ~ . ~ ~ _ ~ - - ~ -~3