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HomeMy WebLinkAbout0230 t ~ r . . • h • • ~ • • and shall duly. PmmPW? aad Nlt~r Pedorm, discharge. execute. ef[ec~ oomplet~, cwnpl~r w1tA and abid~ by each and every the sUpulstiwu. aSreem~nts. oondittons and covenanb oi s~id prom~saory note and o! this mortgagq thea ttds mort,gage aad the estats hereby crested shaU cease and be aull and void. . " It Is uaderatood thst each oi the aords, "aote.» "mortgago~' and "mortgagee' napECttvely aAd the p1oA- ouns rehrrtng thecetq, whether in tAa singutar or plurat anywhece 1n thls mortgage. shall ba dngular it o~e oNy and ahall be plural ~ointlY and ssvesaUy. tt mora thus oae. and ahaU be masculin0. femlNne ard/or neuter. afier~ aver the oontext so tmplia or admits. • . ~ , And aaid lRortgagor fot himseli and hIa helrs, legsl representatives, auocesaors aad aasigns, hereb~ ooven- ants uw sgrea W and with aeid Dtorigagee~ hLs legal representattvea. success0~ and t~vign~: 1 To pay a]I u?d aingular the prlnctpsl and lntereat and Lhe ~astow and awidry sum~ ot money PaYable by vlrtue of aaid promiswry note. and this mortgage. ee?ch and every. PrompUy oa the da,ys rapec4vely the sara~ severaily became due. Z. To pay alt and aingnlar the twcea„ iss~sments. levtes, llaDllitiesr obligatlons aad lacumbrancp of every nature and kind aow on said de~cdbed property, and/or that Aereatter may be impaxd. auitered. plac~d. levfed oc assessed theseupoq u?d/or that hereafter may be Ievfed or aasesaed upon this mortgage and/or the indebted• - aess secured hereby. each and every. when due and payable accoordtag to law, before they become delinquen~ and betore any interqt attaches or any penalty is incurred; and in so iar as any thereot is oI record the same ~hali be promptiy satisCed and diacharged of r~cord and the odginai otticlai document (auch as. for instaace. Lhe tax nceipt or the satisiaction paper otticiaUy endoraed or certitied) ahaU be placed !n the bands of said Mortgagee within ten days next a[ter payment; and 1n the event that any thereof is aot ao paid. satistied and discharged~ aaid Hortgagee inay at any ume pay the same or any part theccof without waiving or aileetlng any option, lien. tqutty or tight under or by virtue ot this mortgage. and the full amount ot each and every wch paymeat shati De immediately due and F?ayabie and shall bear interest irom the dato thereoi uatit paid at the rate ot ten per centum per annum and together wilh such iaterest shall be securod by the IIen oL thI~ mortgage. { 3,. To place and conttnuously keep on the buildings now or henatter altuate on said land iire and ~vindstot~cn ~ Lnsurance tn the usual standard polic}r [orm. in a sum not les9 than in such oom- p pany or comp: nies as may be approved by said blortgagce; and aii auch insursnce poliMes on any o! safd build- ~ ings. any jntereat therein or part thereof~ In the a~gregate sum atoreaaid or in exce3s thereot. ahail contain the ; usual standacd mort~agee clause makiag the luc~ ur.dcr said poUctea. each and every. pay?~ble to sa~d 1?iortga- ~ gee as h[s lnterest may appear. and each an~i e~ery such pnliey shall be pcomptly delivered to and t~dd by sald ~ ~[ortgagee: and. not less than Len day~ in ad~ anre of the expirittion of each policy, to deltver to snld biortgages € a renewal thereoi, together with a receipt for the premium at M~~h rnnewnl• ~nd there shell be no such insur- 3 ancc placed on any o[ said buildin~. any interest the~ein or patt thereot. unle.~ in the torm and wfth the los~ ~ payahle as aforesaid; and in the e~ent any sum o[ money becomea payable under such pulicy or p~liciq sa[d ` AtortKagee shali have tne optton to receive and apply the same on account ot the fndebtednes.~ secured_hereby or ~ to ~?ermit said Mortgagor to recetve and use !t or wny part thereot for other purpo9es v~zthout thereby waiving j or impairing any equity. lien or si~ht under ~r by virtue o[ this mortgage: and in the e~ent aaid Mortgagor shalt f for any reasoa teil to keep the aaid premis~s so insurcd, or [ai! to deltver prompUy an3 of said policie~ ot Insurance to said I+tortgagce, or tall promptly to pay f~~lly :u~y premium therefor, or in eny respect fati to per- form, ditchar~e, exccute, etlect, complete, con~ply a~th nnd abide by this oovenant~ or ~u?y part hereo[, said 1?tortg- z ageP may place and pay tnr st~ch in~urance or eny part th~rpof without vvaiving or affecting any option. lien. 5 equity or right under or by virtue ot this mortgage, and thc full uR~ourit o[ each and every si~ch pay-tnent a?utU t be immediniely dur and payable and shatl bear int•rest [rom the date themot until paid at the rate o[ ten per 4 centum per annum and together wi[h such Interest shall De securcd by the lien ot ihls mortgnge. ~ ~ 4. To permlt~ commit or su![er no ~a~te, Impairment or detertocatlon ot a~td .property or ttny part thereo[. ~ G. To pay all and sinfiular t1u co~ts, char~e~ and c:cpensey, lnclu~ling ren9onabta law~yer's tee~ and cwG oi ~ ab3tracts o[ tltte. lncurrecl or paid at any tirae by aald ~Lorigagee Decnuse and/or ln the event of tt~ taliure ~ on the part ot the satd 1?iortgagor to d~ily. prnm~ily nnd tully perforru, dlacha~e. execute, ei[ecK. com~lete, = comply with and abide Ay each nnd ev~~y the stte~alation~, ngreemen[s, conditlon~ and coven~nts ot s+~id pcomL~- i ~ eory note. end thl~ mor[Rage, any cr ~SthPr, aza' ~aid coab, chnr{;es and expense~, each and everr shal! be im• ; me•tiately dt~r. nnd payabte, whether or not LherP be no2icr, demand, attempt to cotfect or suit pendin~; and ths c tu11 wmaunt ot r.ach and ever~? auch pn}~rnent s`:3 : he.;r interrot from the date tAereof untU pedJ st the rate ot ~ t~n per centum per aanum• and all salc~ eos-_, cy3-~r~ ar.d tafrsves eo lacurml or paid. together v~1L`~ aueh tn•' ~ tercat, shal! De eecured by the 11en of ~h:a r•~-~.a,;e. • ~ ~ sooK 245 22g ~ , ~ - - _ ~ t ~ i ~:~~,k ~~F - . _ . e t~' 't`"= . . . .