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Home My WebLink About1991 . ~ ~ i ~ ~ ~ ~ ~ ~ i i • and shall duly. promptly and fully pertorm, diacharge, executr, eftect, completP, comply w~th and abide by each and evetv the sti ulations, reemenls, cond~tions and covenants of said prom~s~ory note and of this mortgage. P 88 then th~n mortgage and the estate hereby created shall cease and be null anu ~oid. It is understood that each of the woNs. "note," "mortgagor" and "mottgagee" respecti~ely and the pron- ouns reterring theretq whether in the aingular or plural anywhere in this mortgagG ahall be singular it one only and ahall be plural jointly and severally, it more than one, and shall be ma9culine„deminine and/or neuter~ wher- ever the context so implies or admits. And aaid Mortgagor tor himeelt and his heir~, legal representatives, auccwors and ~signe. hereby coveo- ~nts ana agree~ to and with eaid Mortgagee, his legal repreaentative~, succes~ors and aa~igns: 1. To paq all and singular the principa! and interest and the various and sundry auma of money payable D~ virtue of aaid promiswry aote, and this mortgage, each and every. pwmpUy on the daya respectively We sa~ns severally become due. 2. To pay all and aingular the Gue~, as~essments, levies, ltabilities, obligation~ and incumbrances ol every , nature and kind aow on satd described prnperty, and/or that hereafter may br imposed, euftered. placed, levied or assessed thereupon, and/or that hereaiter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, v?hen due and payable according to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and in so tar as any thereot ia ot record the same shaU be pn~mpUy satisfied and discharged of recard and the original oK~cial document (such as. tor instance, the tax receipt or the satisfaction paper officiaUy endorsed or cer[ified) ~hall be placed 1n the hands of aald Mortgagee within ten days neat aiter payment; and in the event that any thereof is not eo pald. aatLqfied and discltarged, aaid Mortgagee may at any time pay the same or any part thereot w~thout waiving or affecting ' an~ , option, lien, equity or right under or by ~•irtue o[ this mortgage, and the full amount ot each and every I~ such payment shall be immediately due and paynble and shall bear interest trom the date thereof until paid ; at the rate of ten per centum per annum and together with such interest_ shall be aecured by the lien of thL ~ mortgage. ~ 3. To place and continuously keep on the bwidin~s nilw or hereafter aituate on satd land flre and windstarm I in~urance 3n the u.4ual standard policy form, in a sum not les~ than s......_.. 1n such com- ! pany or comp^nies as may be approved by sai~l 1lort~a~~~e; and nll such insurance policiea ort any of eaid build- ; inga, any intereat therein or part thereof, in [he a~~re~ate sum a[ornsaid or in excess Lheceot, shsll contain the i usual standard mori~agee ctause makin~ the lu~.y urd~r said policie9, each and every, payabte to said Mortga- gee as his interest may appear, and each and e~•e;y su~•h pot~cy shaU be promptiy delivered to and held by said ~ Mortgagee; and, not less than ten days in ad~•anre ~f the eapiration of each policy, to dellver to said Mortgagee k a renewal thereot, to~ether with a receipt for thP prrmium of anrh rnnewal: and there ahall be no such insur- ; ance placed on any of said buildinRs, any interest therein or part thereot, unlev in the form end with the loss f payable aa e[oresaid; and in the e~ent any sum of money become~ payable under auch poUcy or policiee said ~ Mortgagee shall have the opUon to receire and apply the same on account oi the indebtedneas secured hereby or ; to permit said ~iertRa~or to receive and use it or any part thereo! tor othe~ purposes without thereby wffiving ~ or impairing any equity, lien or riRht under or by virtue of this mortgage; and in the event eaid Mortgagor shall ~ tor any reaso~ fail to keep the said premises so in-QUrrd, or tail to deliver pmmptly any of said policiea of ! insurance to said MortgaRee, or fail promptly to pay fully any premium therefor, oc in any respect fail lo per- form, dischacge, execule, etfect, complete, comply u~th and abide by thia covenent, or any part hereof. said Mortg- agee may piace and pay for such insurance or sny part thereof without v~aiving or a[fecting any option, lien, i equity or right under or by vit~tue of thia mortgage, and the full amount oi each and every euch payment sha11 be fmmediately due and payable and shall bear intPrest irom the date thereof until paid at the rate of ten per centum per annum and together with auch interest shall be securcd by the lien oi thls mortgage. 4. To pern?1t, commit or sufter no aa~te. impairmeat or deterbraUon oi sald pmperty or any psrt thereof. 6. To pay all and sin~;ular the coets, chargea and expense9, including reasonable lawyer's fees and caot ot abstracts ot title, Incurepd or pald at any tlme by safd Mortgagee because snd/or tn the event ot the tallurs ~ on the part ot the said Mortgagor to duly, promptly and hilly perform, dlscharge. ezecute, ettect, complete, ~ comply with aad abide by each and everq the stipulaUons, agreements, conditlona and oovenanta of said promis- ~ sory note. and this mortgage, anq or either, and safd costs. chsrges and eapenses, each and every, shall be lm- ~ med~ately due and payable, whet}jer or not there be notice, demand sttempt to collect or suft pending; and ths full amount of each snd every such payment ahall bear interest from the dats thenoi unttl paid at the rste oi f ten psr centum per annum; and all satd coeL. chsrgea and ezpense~ w tncurred or paid. togetber wlth aucb in- terest, iha11 Ds sec~ured by ths Uen oi thU mortgsge. i ' ~ ~~~x ~~4~ ~1~91 { ry:~..,~ : .x -~-r Y ~ x ~ r~~ ~ ~ ' t ~