HomeMy WebLinkAbout1063 . • .
1. To psy all and dn~lar the principal and in~ares! and otber sums o! monqr payaWo by virtue oi saId promiiwry note
and auch turther swa or suraa ot.iponey. it any. at the uW party c~! tl~e ~eooad ~art aaay advanoe to tl~~ pard,ag., of the
first psrt promptl~ on tbe day?s respa::rely ti:* ~ aewnlly b~oome daa
4. To pa~r ~ll and sin~ulu ths tasa~ as~amenta~ levla. ltabilitla. obli~tions snd enewnbranoea of every nature ob
said described psopertie~, aad ii tbe wne bs not promptl~ psid the said party of tl~e ~e~wnd part, its suoeeswr~ and ~s
may at any time pqr tl~a ~ame ~vitlaut ~raivins or stleetin~ t he option to loreclwe or any dsht hannnder, ~nd every pay-
ment so made sh~U bear intereat irom tLe data hereot at tl~e rate oi _13$._ pesoent, per annam.
S. To p~~ all and singnlu the cosb. charge~ and e~cpen ~es, iocludina attorney'a fees. ressonably incurred or paid at any ,
time by said puly ot the second psrt, ita snceeawra, le~al rspresentativea or assigas, beeause of the isilure on the psrt oi the wid
part.~SH oi the first p~rt. th~ir~uaeasors~ le~al representstivas or a~si~„ to petiora~~ comply vrvith and abide by euh .
and everr atipuletton. agreemenk oondition and covenant oi said'promi~wry note and thia deed. or either; and every such psy-
ment shsll besr interest irom date ut the nte of peree~t, per anunw.
To permlR commit, or aniter no waste, impairment or deteriontion oi satd pmperty or a~ put thereoi.
6. To periorm, oomply wlth and abide by e~ch and every the itipnlstions, sgreemants, oonditions and oovenants in
ssid promiasory note and in thia deed aet iorth.
e. Ii any oi ~aid snma of 'mo
~ey herein refen~ed to be not promptly and inlly paid ~rithin days nest after !he
same severally beoome due and psyable, or ii each and every the stipnlationa. sgreements, oonditions aad oovenants of ssid
pmmiasory note and this deed, or either. are not dnly pertormed. oomplied with and abided by, the said a~gregate anm men-
tioned in ssid psomIesory not~e, ahall beoome due and psyable forthwit6, at the option o! the party of the seoond psrk ib
aucceasora, legal repreaentatives or aasigas, aa fally and completely es i! the said s~gregate snm oi
or the sdvanc~ heretoiore referred to was originsUy atipulsted to be paid on snch dAy~ anything in sxid promiasorq note or
notes lster to be e:ecoted and secnred her~by, or herein, to the ~ontrary notwithatanding.
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7. To keep tbe bnildinga now or hereafter on aaid lands insured in the smm ~ot len than
dollan in a oompsny or oompanies to be approv~ed by the aaid party oi the aecond part, its succeasora. legal npresentatives or
assig~ns~ and in the event any snm of money beoomea payable nnder snch policy or policiea, the said party oi the aecond psrt,
its succeswrs or assigns. shall hsve the option to reteive and apply the asme on sooonnt of the indebtedneas }xnby secured
or to permit the parties o! the iirat part to receive and uae it, or any part thereof. for other pnrposes, withont thenbp waiv-
ing or impairing sny equity lien or right nnder or by virtue of thia mortgage ~nd rasy plaoe snd pay for snch insunnce or
any part thereo! wlthont waiving or atfecting the option to iorecloae or sny right herennder aad each and every snch pwymeat
ahall bes~r interest at the nte of pnrcent per snnnm imm dste.
8. In the event it tx~tomes neceasary to toreclose thia mortgage, parties of the firat part agree to ihe appointment of a
receiver. to oonaerve the rents and profits aecuring from or derived from the above described property.
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` IN WITNES$ WHEREOF, the said Mortgagor have hereunto set thelr ~nd s and seal s the
~ day and yesr iirst above written.
[
$
~ Signed, sealed and delivered in the presence of:
~ (SEAL)
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` _s ~Z ~ i~ (SEAL)
~ C_._. G~y,c~(.._ 7~-~~
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~ OR
~ BOOK 245 P~f1058
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