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Home My WebLink About1701 ~ end ahall duly. promptly and fully perform, dlscharge, execute, eftect, comptete, comply w~th and abide by eetch and everv the at~pula.tions. agreementa, cond~tions and covenants of snid promissory note and ot this mortgage, then this mortgage and the estate bereby created shall ceaae and be null ana void. It is understood that each of the wonls, "note; '•'mortgagoY' and "mortgagee" reapectively and the pmn- ouns referring thento. whethe~ in the aingular or plural anywhere in th18 mortgage. ahall be singular if one only and ahall be plural joinUy and severaily, if more than one, and ahall be maaculine, temintne and/or neuter~ wher- ever the conte~ct so implfes or admlta. Md ~aid Mortgagor !or himself and his heirs, legal sepresentaUvea„ successors and asslgns. hereDy covea- ants ana agrees W and wiW said Mortgagee. hia legal representatives~ succeesora and assigns: 1. To pay aIl aad singulat the principal and Interest aad the veriou9 and aundry aume ot money payable by virtue ot ~aid promiaaory note, aad this mortgage. euh and every. pmmptly on the days re~pectively tbe aame eeverally become dua. 2. To pay ali aad singular the taxea, as~essmenta. leviea, liabilities, obligations and incumbrances ot ever~ nature aad kind now on esid described property, and/or that hereafter may be imposed, auffered, placed, levied or asapseed thenupoa, and/or that hereafter may be levied or assessed upon this mortgage and/oi the indebted- nesa xcured heteby. each and every. v?hen due and payable according to law. betore they become delinquent„ and betore any Intereat attaches or any penalty is incurred; and in so far as any thereot ia o[ record the same ' ahall be promptly satjsfied and discharged ot record and the onginal off~cial document (auch as. tor instsnce, i the tax receipt or the satiafaction paper officially endorsed or certifledl ahall be placed tn the hands ot said Mortgagee within ten days next atter payment; and in the event that any thenof is not so paid. satisfied and ' dlacharged. aeid Mortgagee may at any time pay the same or any part thereot v~zthout waiving or attecting ~ any option, lien, equity or right under or by ~ irtue of thi~ mortgage, and the full amount of each and every ~ such payment ahall be immediately due and payabie and shall bear interest from ihe date thereot until paid ~ at the rate of ten per centurn per annum and together with such interest shall be aecured by the lien of thii ~ mortgage. 3. To place and contlnuously keep on the busldinRa now or hereatter altuate on aaid land fire and windstorm ~ lnsurance in the usual standard polic'y ferm, in a sum not les9 than s...__.... ~gimtL~ , 1n such com- ~ pany or comp^nics as may be approved by said ~fort~a~ce: xnd ali such insurance policies on any ot satd build- inga, any interest therein or part thereof, in the aR~regate aum aforesaid or in exceas thereof. ehall contain the usual atandard mortgagee clause making the 1~~:~~ ur.ci~r said policiea, each and every, payable to asid Mortga- ~ gee as his interest may appear, and each ar.d e~•ery su~•h pnlicy shail be promptly delivered to and held by said Mortgagee• ar?d, not less than ten daya in advance of the expiration of each pol3cy, to deliver to swtd Mortgagee a renewai ~thenof, toRether w~ith a receipt for the premium nf an~h renewal• and there ahall be no such insur- ance placed on any ot sald buildin~, any interest therein or part thereot. unlew in the form and with the loas ~ payable aa atoreaaid; and in the e~ent nny sum ot money becomes payable under aach pollcy or policiea aaid j Mortgagee ahall have the opUon to receive and nppty the aame on account of the Indebtedneas secured hereby or ; to permit said Mortgagor to melve and use it or any part thereof for other purposes without thenby waiving f or impairing any equlty, lien or riqht under or by virtue of this mortgage; and in the event esid Mortgagor shall ~ for any reason tail to keep the said premi~es so inaumd, or fail to deliver promptly any of esid policies o! 4 inaurance to said biortgaqee, or fail prompUy to pay faUy any premium theretor, or in any nspect fail to per- - form, diacherge, execute, etfect, complete, comply w~th and abide by this covenant, or any part hereof, aaid MoMg- ` agee may place and pay for such insurance or any part thereof without vvaiving or atfectlng any option, lien. s tquity or right under or by virtue of this mortgage, and the full aqlount of each and every such payment ahall ; be immediately due and payable nnd ahall benr int•rest tmm the date thereot until paid at the rate ot ten per ~ centum per annum and together with such lnterest aha31 be secured by the lien of thls mortgage. f 4. To permlt, commit or aufter no W eate. impairment or deterloration ot sald property or any pari thereof. ~ ~ 6. 1b paq all and singulu the cwta, charges and expenses, including nasonsble lawyer'~ fees and coet o! abstracts ot title, incurred or pafd at enq time by aatd Mortgagee becsuse and/or in the svent o! the tallurs ~ on the part oi the said Mortgagor to duly, promptly and Nlly perform. dtscharge. e~cecute. effec~ complete, ~ compiy wlth and abide by eacb and erery the stipulatlons, agreemeats, conditlons and covenanb oi said pmmL- wry note, and Ws mortgage. any or elther, and safd coats, charges wd espenses, each and every. ahaU be !m- £ mediately due and payable, whether or not Lhere be notice. demaad, attempt to collect or sult pending; and ths ~ tWl amount ot each and every such payment ahap besr interest lrom the date thereoi nntil pald at the rste af ~ ten per centum per ~nnum• and all sald coet~, charges aad ezpense~ ~o lncurred or patc~, Wgether with auch fa- tereat, ~ha11 bs aecured by tbe Uen ot ihla mot'tgage. ~ F ~ t ~ ~ ~~oK245 p~~E1697 ~ _ . ~ L ~ ~ Y - - ~ - ~ ~•~N' r _ _ ~