Loading...
HomeMy WebLinkAbout1811 , ~~.(t~ • ~~~y ~~o~ ' J~'~, ~Oti ~ ~ O~tt~ 4 and ahali duly. promptly and fully perform, diacharge, execute, eftect, completP, romply wlth and abide by each and avery the atipulation~. agreemenls, conditions and covenants of said prom~s~ory note and oi this mortgage. then this mortgage and the eatate hereby created shalt ceaee and be null and void. It ia underetood that eacd oi the wonfs, '•note," "mortgagoY' and "mortgagee" respectively and the pron- ouns referring theret0. whether in the singular or plural anywhere In thla mortgage. ahall be eingular it one only aad ahail be plural jointly and severally. If more than one, and shall be masculine, feminine andlor neuter~ wher- ever the context so impliea or admit~. And aaid Mortgagor for himself and his heira, legal representatives, auccessors and asslgna, hereby coven- aats aaa agreea to and with eaid ~iortgtgee, hia legal repreaentative~, succeswrs and aasigna: 1. To pay W and singular the principal and interest and the varioua and aundry aums of money psyable by virtue ot said pmmissory note. snd this mortgage. each and every. promptly on the daya respectively ttse eame severally become due. 2. To pay all aad ain8ular the t~ucea, ~sessments. leviea, liabilitiea, obligstion~ and incumbrances ot every nature and kind now on said described property, and/or that hereafter may be Impo9ed, autfered. placed, levied =or aseeaaed thereupon, and/or that hereatter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby. each and every, when due and payable acrnrding to law. betore they become delinquent, and before aay intereat attaches or any penalty is incurred: and in so far as any thereot ia ot tecord the same II ahall be promptly satisfied and discharged ot record and the onginal official document (auch as. [or instance. i the tax receipt or the satiataction paper officially endoraed or certified) shall be placed !n the hands o[ said ~ Mortgagee within ten days next after payment; and in the event that any thereof is not ao paid, satisfied and discharged. said Mortgagee may at any time pay the same or any part thereof w-ithout waiving or affecting ~ any option. lIen, equity or right under or by ~ irtue o[ this mortgage, and the full amount of each and every ( such payment ahall be immediately due and payabie and shall bear intemst from the date thereof until paid i at the rate of ten per centurn per annum and together with such interest shall be aecured by the lien of this ~ mortgage. S. To place and continuously keep on the bu,ldin~a now or hereafter attuate on said land flre and windstorm inaurance fn the wRUal standard policy [ocm, in a sum not less than ~$gim~---•-.---••-•-•--•-••••. 1n such com- pany or compsnies as may be approved by sai~l tifort~a~ce: and ali such insurance policies on eny of said build- ings, any tntereat therein or part thereof, in the a~~regate sum aforrsaid or in excess thereof, shall contain the usual atandard mortgagee clause makinR the lo~s ur.d~r said policies, each and every, payable to said lltortga. gee as his interest may appear, and exch ar.d e~•ery su~•h poticy ~hall be promptly delivered to and held by said Mortgagee; and, not less than ten daya in adean~e nf the expirntion of each policy, to deliver to anid btortgagee . a renewal thereof, to~ether with a receipt fnr the premium ot auoh renewal• and there ahall be no auch insur- ance placed on any ot said buildin~, any interest therein or part thereof. unles~ in the form end with the loss payable as atoresaid; and in the e~ent any sum of money becomea payable under auch pollcy or policiea said Mortgagee shall ha~e the option to receire and apply the same on account ot the indebtedneas aecured hereby or to permit said Mortgat;or to receive and use it or any pnrt thereot for other purposes without thereby waiving or impairing any equity, lien or riqht under or by ~irtue ot this mortgage: and in the event aaid Mortgagor ahall for any reaso~ fail to keep the said premiscs so Insumd, or fail to deliver promptly any ot eaid policies oi inaurance to said Mortgaqee, or fai! prompUy to pay tully any premlum therefor. or in any respect fafl to per- form, diacharge. execute, effect, complete, comply with and abide by thia covenant, or any part hereof. aaid Mortg- agee may place and pay for such insurance or any part thereot withovt walving or a[fecting any option, lien. ~ equity or right under or by virtue of this mortgage, and the full amount of each and every auch payment shaII ~i be lmmediately due and payable and ahail bear interest from the date thereot untfl paid at tha rate of ten per A centum per annum and together with such interest aha11 be secured by t2ie Hen o! thls mortgaga ~ 4. To permft, commit or suffer no aaate, impalrment or detertoration ot aaid property or any part thereof. 6. Zb psy all and afngulu the cwta, chargea and expenses, including reaaonable lawye~s lees and coet o! abatracte ot tiUe. incurred or paid at any time by sald Mortgagee bccause and/or in the event oi the fsllure on the part oi the asid btorigagor to duly, promptly aad Nlly perfor~n, dtscherBe. execute, eNec~ complete. comply with and abide by each and every the attpulatlons, agreementa, condiUons and oovenaat, o! ssid promis- wry note, ar~d thls mortgage, any or etther, and sald rn,ts. chasge~ aud expenses. each and every. shall be im• mediately due and payable, wDether or not there be noUce, demand attempt to collect or sult pending; and the full amount of each and every sucb payment shall bear intereat imm ths dats thareoi until patd at the nte at ten per centum per aiuium; and all said caete. charge~ and eupease~ ~o incurt~ed or pai4 WBether with aucb 1a- taiest~ shW bs ~ecursd by ths lfea o! thfa mortgage. ~ gooK243 ~~181~. : :r _ . - ~ ~ ~::~:y , - _