HomeMy WebLinkAbout2920 1. To pa~ arl~ and ain~ular the prinoipol and intereat and othar aums o~ mone~/
pabable bb vtrtue o~ aa~d pmmuaosy. note ond th~a deed, or eitlaer, pro~nptly on
the daya reapeetively the aame aeuerali~ oome due.
To pay all and ain~uiar the tcuea; oaaeiarrienta, levi~ea, liabti~tiea, obli~ationa
and eneurribranoea o~ every natu~e on iotd deior~bed properta/ eaoh and every, and
ij the aame be not pro~nptly pa~d the ia~d Jlfortdadse, ita aucoesaora, laaoi repre-
aentat:•vea or oaa~~na ~nay at an~/ t~~ne pay the aa~ne wttho~t w~aivtnd or an'eot~n~
the opt~on to ~oreoloae or an~y s~~ht hereu~der, and ever~ pa~nent ~o m~ade ahall
beor inteteat ~ir+o~n the da~e thereoJ at the rate o~ 8~ par oent. per annurra.
d. To poy oll and ain~ular the ooata, oliordes and espenaea, indud~n~ la~vyer'i
~eea, reoaonably inour~ed or paid at an~ t~me b~ ia~d .~Kort~a~es, ita auooeaaors, le~al
~ep~eaentativea or aaai~na, beeauae o~ the ~a~iure on the part of the aaid JKort~a~or ,
I their heira, le~i repreaentativ~r or oaai~na, to perfor~n. corriplb with
1 and abide by utoh and euery the atipulationa, a~~ee~nenta, condi#ons and eovenanta
01 aoid p~omiaaory note and thia deed, or $ither, and ev6ry auah paUrnent ahail
bear inte~eat ~mrrZ date at the rate o~ 8~ per oent. per annum.
To keep the buildin~a now or hereafter on aaid land inaured in a aum not
teaa than none dollara, in a corr~pany or companiea to
be appmued by ao~d .~fort~a~ee, and the poli~ or polieiea held by and po~able to
aaid JKor~~a~ea, ita auooeaaora, te~al repreaentativea or aaai~ns, and ~n the avent any
aum o~ money becomea pabable u~dar su.:h polioy or poiiaiea, the Jltort~aree, ~ta
:uccaisori, le~ol ~epresentatives or aaa~~na, shdl have tha optton to ~eoeive and app1J~
the aa~ne on account of th.a indebtedneaa hereby aeeu~ed or to permit tha JJl,ffort~a~or
i to receive and uae it, or any part the~eof,~o~ other purj~oaea, u~thor~t thereb~/ wosvind
or impairing any equity lien or ri~ht under or by virtue o~ thia mort~a~e, c~nd ~nay
place and pa~/ 1or auoh inaurance or an~/ pait t~?ereo~, w~tho~at zuoivi~~ or a~'ectin!
the option to ~orecloas or any ri~ht heretindtr, and each and erM~y sucl~ paymen.t
ihall beor intereat lrorn data at the rate o~ none pe~ eent. per annu~n.
6. To pernut, eo~nmit or su~'er no waste, impaarment or de terioration o~ 8aid
pTOpert~ or any part thereol. ;
6. To perform, co~iz.ply with and abide by ecteh and euery th6 atipulatwn.s,
a~ree~nenta, conditiona and covenant8 in aaid p~omisaor~ note a~d in thia ~3ee~
aet forth.
7. IJ any oj said aums oj money h,~~ein referreai to be not promptly and fiilly
paid within .thirty (30) daya ne.~t aJter the aame asueroliy become due and'pay-
able, or i~ each and every the stipuiations, a~reernenta, condi.tiona and covenanta or
aaid p~o~raiaaory note and thia deed or either, are not duly performed, co~nplied
with and abided by, the said a~~re~ate au~n ~rcentioned in said pro~nisaory note
aha11 beco~ne due and payable Jorthwith or tneieafter at the option of the.7Kort~agee,
ita auecesaora, le~al r~preaentativ~s"br aasi~ns, aa fr~lly and compteteib aa i~ the aaid
a~~re~ate aum oJ Four Thousand Five Hundred and no/100 ($4, 500.00)
dollara waa o~i~inolly atipulated to be paid on auch day, anythin~ in aaid ~ro~niasory
note or herein tn the con.trarb notwithstondin~.
; III W1tIIe88 W~lel~0~ The said .1Ko~t~a~or s have hereunto aet their
~ hand s and aeoi s the day arul year fErat above ~u~itten. ~
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~ 9' ed an~d Delirered iz the Preaence oF,
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