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Home My WebLink About0095 ~ ` ~ ~ ~ . ~ ~ ~ . , - s ; " _ i . ~ • ~ ' anu ahall duly. prompUy and fully perlorm. di~charge. exccute~ eftect. complete. comply wlth and abide by each ~ and everp the atipulstioa~„ agreement~. conditioru snd covrnants of ~aid prom~swry note and o[ thia mortgag~ then tlds mortgage and the estate haraby created shall cease and be nult aad void. • # It i~ understood that each ot the word~. "note." "mortgagos^ and "mortgagee" respecuvely aad the pran- oun3 referring theayGo, whether in the singular or plural anywhere in thl~ mortgage. ahall be ainguJar it one oaly and ahall De plural ~:.uitly and severaUy~ it more than one, and shall be masculIne. feminine and/or neuter+ wher- ever the context ao impltes or admits. ~ • • And said Mortgagor for himselt and his heir~. legal represents4vea, succesiors and asstgaa, hereby covan~ ants ana agrees to and w[th said Mortgagee, his legal representative~~ successors and as9ign': L To pay all and aingular the principal and fntereat and the variow aad ~undry sum~ o[ monsy payabie by ~ vjrtue oi ~sid promissory note, and this mortgage. each end every. prompUy on ttte days re~pectively the aams severally become due, 2 To pay alt aad singvlsr the Guce~, ~ssessments, leviea, liabUitlea. obligatIon~ and incumbrancp o2 every ne?ture and kind now on aaid described prnperty, and/nr that hereatter may be Impo.,ed, autfered. placed~ levied or assessed thereupon, and/or that hereatter may be levied or assessed upon this mortgage and/or t2~e indebted- ness secured hereby, each and every, when due and payabla accordtng to law~ be[on they become delinquent, and before any interest attaches or any~ penalty is incurred; and in so far as any thereot is ot reoord the same shall be pr+nmpily satlsfied and discha oed of record and the onginal otficial documeat (such as~ Lor instanca the tax reccipt or the saGstaction paper ofticiaUy endoraed or cer[itied) ahall be placed 1n the hands oi said Mortgagee within ten days next atter payment; and in the event that any thereof is not so patd, sattst'ied and discharged. aaid biortgagee may at any time pay the same or any part thereot without waiving or aitecting any option. lien. equity or right under or by virtue of this mortgage. and the full amount ot each and every auch payment ~hali be immediately due and payable and shall bear interest trom the date thereof untii paid at the rate ot ten per centum per annum and together v~ilh such interest shall be secured by the lien o! thi9 mortgaoe. 3. To place and continuously keep on the buildin~s now or hereafter altuate on said land fire and ~vlndstorm ~ insurance in the usual standard policy torm. in a sum not les9 than i. in auch com- I pany or comp^nies as may be approved by s.1id 1?Iortga~ce: and ail such Insurance policie~ on any ot said buiid- ~ inR~. any interest therein or part thereof. in the a~gregate sum a[oreqaid cr in exceas thereo[. shall conta[n the ~ u9ua1 stanclacd mort1;agee clause making the lu~s ur.der said policies, each and every. payable to said 1?tortga- ~ gee as hi9 interest may appear. arid each and e~~ery s~ech pnliey shaU De promptly delirered to and held by said , ]?Iortgagee; and, not less than ten days in adrance of the expiration of each policy. to deliver to snfd 14'.ortgngee ! a rene~vai thereoL toRether ~r•ith a receipt tor the prpmium ot au~h renewal; and the~e 9ha11 be no such insur- ance placed on any ot said buildin~s, any interest therein or part thereo[, unle~ in the form and with ihe los9 E pavable as a[oresaid; and in the e~ent any sum o[ money becpme~ payable under such pulicy or policies said ~ ~?iort~a~ee Shall have the option to receive aad :~pply the same on account o[ the indebtednes.r secured hereby or ' to pern,it said 2?fortRa~or to recei~e nnd uee it or Any p:?rt thereot for other purpose~ v~~thout thereby ~vaiving i or impairing any equity, lien or ri~rt under or by ~irtue of this mortgage: and in the even[ said Mortga~or ~hall for any reason tAil to keep the eaid premis~s sc? in~ur~d, or fail to del~ver prompUy any ot saId policies of * insurancP to said 1~tortgaRee, or fail promptly to p~y :::!!y ~y premium therefnr. or in nny respect fatl to per- ~ form, dischar~.:, execute, etfect, complete, comply ~s?th a:~-ebide by tbis eo~enan~ or any part hereot~ said 1?iortg- r aReP may place nnd pay fnr such in9~trance or any pa: ::?^.e: eot without veaiving or a[[ecting any option. Itien. cquity or right under or by ~•irtue ot this mort~36•~. ~r~ ;:e full nqiount ot each and e~ery such pa}~nent vhall be iq,+media!ely dur and pa~able nnd shall bear i:,:P-e~; from the dnte there~ot untfl paid at the rate o[ ten per t centum per annum n.^.d together ~vith such lnieresi stiail bc secorcd by the lien ot thf9 mQrt~nge. j i 4. To per.n![, c^.^.:-:iit or ~cs!fer no t?•a~!e, trr.p~:rment o~ detertoration ot sxld property or any part thereot. i G. 'Po pay cIl e:.~ s:n;ular the cos[9, char~es and expen3e9, incluc:ing rensonabla la«~er's tee9 and cavt of abs!racts of title. :^.cur:w~ or paEd at any tt:~e by sald ~tortgagee because and/or 1n the etent of the talluce o~ tFr par! oC t~:e _.3:! `.Tor:~a.r,or to duly, pro~r:ptl;~ and fu11y pertorm, dlscha~ge ~xecute, etfect. com~lete, co:r.P; ~ ~rith an : a~:'_~ D~ es: h~.nd every tbe stlp~lation~, a~-reer.sent~, co:idit[on~ and covenanL~ ot awict promL9- ~ e~~:~• n~:e, e^.~i i~:s rr.o::Rage, ar:y or either, a.1d 9aid co~ts, char~~3 and expenses. each and every. ahatl be lm- ~ ~ r..e~!is:ely d•:~ s.-d Fa~ able, whether or not there De not~cr, demand, attempt to collPct or ~utt pendln~; and the ! f~i:l a::ioc:a: e:~~ and e~ery such payment shall beAr interest trom the d~te theceof untU pnld at the rate ot ; te :{~er ce^:~:-i ^•r arau:n• and x11 9RI(I CAY[~, chnr~e~ and expen9ea ao ~ncurned or paid, together a.ith ~uch in- ~ icrc~t, ~ha'1 G~ =e-.:; •~t by the lien of th19 mort~age. ~ Et ti FAG~ ' ~ i~~8 94 . 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