Loading...
HomeMy WebLinkAbout0721 . . 1. To pay all and singular the principal and interest and other sumg of money payable by virtue of said promissory note- and thia deed, or either, promptly on the days reapectively the same severally become due. 2. To pay atl and singutar the taxes~ assessments, levies~ liabilities, obligations, and incumbrances of every nature ~n said described prnperts, each and every, and if the same be nat promptly paid the said Mortgagees_., t h F+ t r ~+eirs, legal representatives or assigns~ may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder. an@ every payrnent so made ahall bear interest from the date thereo! at the rate . of 8 per cent, per annum. 3. To pay all and singular the co~ts, charges and e~cpenses, including lawyer's feea, reasonably incuzred or paid at any time by said ~iortgagee~, _ th e i,- 1ega1 representatives or ussigns, because of the fsilure on the part of the said Mortgagor, ita euccessors, legal representatives or assigns, to perform, compiy with and abide by each and every the stipula- tions, agreements, conditions and covenants of said promissory note- and this deed, or either, and every such payment shall bear interest from date at the rate of $ per cent, per annum. Tu l~e~e~ the buildings n~w or hereafter on said land insured in a sum not less than full nsura value, or t e amount secured h e r e b v, w h i c h e v e h P t P~ S i~ollars, in a company or eompanies to be approved by said Mortgagee~., and the policy or policies held by and payable to said Mortgagee S, t h e i r heirs, legal representative9 or assigns, and in the event any sum oi money becomes payabie under sueh policy or poticies, the Mortgagee~, t h e i r heirs, I legal representatives or assigns, 8ha11 have the option to receive and apply the same on account of the indebtedness hereby secured or to permit the Mortgagor to receive and use it or any part thereof for other purposes, without thereby waiving or impairing any equity, lien or right under or by virtae oi thia mortgage, and may place and pay for such insurance or any part thereof without waiving or affecting the option ta foreclose or any~ right herennder, and each and every au~h payment shall bear interest from date at the rate of $ per cent per annum. 5. To permit, commit or snffer no waste, impairment or deterioration of said property or any part thereof. 6. To per#orm, comply with, and abide by each and every the stipulations, agreements, conditions and covenants in said promiesory note__, and in this deed set forth. If any of said sums of money herein referred to be not pr~mptly and fully paid within t h~ r ~.._days next after the same severally become due and payable, or if each and every the ~ttipulations, agreements, conditions and covenants of said promissory note~ and t~is deed, or either, are not fully performed, complied with and abided bp, the aaid sggregate sum mentioned in said promissory note~ shall become due and payable forthwith or there- after at the option of the Mortgagees_, t h e i r he~~ legal representatives or assigns, as fully and cp~p 1etelq as if the said aggregate sum of T h i r t v- F i v e Th o~ a a n ri F{ ~ p OC) / F00 Hundred ~ -~ollars were originally atipulated to be paid on such day, anqthing in said pro~i~0~ ,note_ or herein to the centrary notwithstanding. ~ v;>, : IN WITNESS WHEREOF, the said party of the firat part has caused these = x~:` presents to be signed in its name by its c: - .y , ~ ~j ~ c{Corporate President, and its corporate seal to be affixed, ~ . " ' ($eal) attested b itA . ~ : Y - Secretary the day . . ~ ' r~ ; ~ ~ ~ = and year above written. ~ _ , ~1..,,,..,... , A~St. • r~~~/ ~ • an s - - _ ~ , - Secrefiary. Signed, sealed and delivered in the presence of : ~ ~ ~ LANTI~9~ M U~CCTURI~NG ~ C NY, INC. C . ~y ~t~' ~ B ~ ' ~ ~ ~ --~~r ~ . ~ y z ' ? : ~ ~ Dat . L'a~.~ ~s ~ President. /~l / ~ . j~ ~ ` , J / . I~ %~s Instm,~~~~~~f~~s,~~~' PREPARED er • • .1J~lr~~~c CHAF?LES r~. P. or~o~r~rv G~ ~ P.o r~~,K ~a~a 3oi s c-• sT, - 6GIiK~ ~ PAG[ ~ F ~::i:i f~tEFtC~, FLGRIDq 334~J ' . . ' i~." _a3~e~'+-'`~.~cfk_=~'..E" FF .>e...~ - # .v? _ . . ~A'~~