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Home My WebLink About0461 ~ ' and shall duly, prompUy and fully perform, di~cherge, execut~, etfect, complete, comply wtth and abide by e,ach and everv the stipulations. agreementa, cond~tions and covenants of said prom,ssory aote and of this mortgage. then this mortgage and the estate hereby created shall cease and be null ana void. : . f It is understood that each ot the wonls, "aote: '"mortgagoY' snd "moRgagee" reapecf3velp- and the pron- f oun~ re[erring theret0. ~?hether in the singular or piural snywhere in thie mortgage, shall be eingular if one only and ahall be plural joinUy and xverally, if more than one.. and ahall be masculine, teminine and/or neuter. whee~ ever Lhe context ao implies or admits. ~ And said Mortgagor for Mmself and his heirs„ legal representatives. succes9ors and a4sig~ts„ hereby ooven- ants ana agtee~ to and vrith naid Mortgagee. hi~s legal representatives. succesgor~ and assigns: 1. To pay W aad aingular the principal and intereat and t2~e• varioue and sundry sums of money psyable b~ virtue of said pmmissory note, and this mortgage. each snd every. prompUy on the days respectively the same severally become due. ' Z. To pay all and singular the txxes, as~essments. levies, liabilities, obligationa snd incumbrances oi ever~ nature and kiud now on said de~cribed property, and/or t~iat hereatter may be imposed, auffered. placed. levied ~ or asaesaed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secared hereby. each and every, whea due and payable according to law. be[ore they become delinquent, and before any interest attaches or any penalty is incurred; and in so far ss any thereof is o[ teeord the same shall be prompUy satisfied and discharged of record and the original otticial document (such aa. for instance. ~ Lhe tax receipt or the satis[action paper of[iciaUy endorsed or certified) ~hall be placed in the hands ot aaid Mortgagee within ten days next atter payment; and in the event that any thereof is not ao paid. aatisfied and t discharged. said Mortgagee may at any time pay the same or any part thereot without waiv[ng or affecting ~ aay optiOn. Uen, equity or right under or by ~irtue of this mortgage, and the full amour~t of eacb and every auch payment shall be immediately due and payable and shall bear intemst from the data thereof until paid at the rate of ten per centurn per annum and together with such interest 9hai1 be aecured by the lien ot thi~ mortgage. 3. To place and continuously keep on the bu~ldin~s now or hereafter situate on said land iire and w[ndstorm insurance in the usual standard policy form, in a sum' not less than i.•.-.- M~.X~mum--•-•-------•--------•-••. ~n com- pany or comp^nics •as may tie approved by sai~l blort~a~ce; and nll such insurance policies on any ot aaid build- ings, any intere~t there~n or pari thereof, in the a~~regate aum a[ore9aid or in excess thereot, ahall contain the ~ t~sual standard mortgagee clause makinR the lu~s ur.d~r said poGcies, each and every. payable to said biortgar gee as hie interes[ may appear, and each and e~•ery su~•h policy. ahall be promptly delivered to And held by esid ~ l~fortgagee: and, not less than ten clavs in ad~•anoe of the expiration of each policy, to dellver to said Mortgages a renewal thereof, toRether with-a receipt tor thP prpmium of au~h rpnewal• and there shall be no such insur- nnce placed on any o[ said buildinRa, any interest therein or part thereof, unless in the form and with the loss payable aa aforesaid; and in the e~ent iu?y sum o[ money becomes payable under such policy or policiea said MortRagee shall have the option to receive and apply the same on account of the indebteMeas aecured hereby or _ to permit said MortRagor to recelve and ~~ae it or•any part thereof for other purposes without thereDy waiving or impairing any equity, lien or right under or by virtue o[ thia mortgage; and in the event said Mortgagor ehall for any reaso~ [ail to keep the said premisPS so insur~d, or fail to dellver pmmpUy any ot asid policiq o! ~ insurance to said biortgaRee, or fail prompUy to pay tuity any premium therefor. or in any respect tail to per- form, discharge, execute, eftect, complete, comply with and abide by this covenant~ or any part hereof. eaid Mortg- aRee may place and pay for such in~urance or any part thereof without wafving or atfecting any option. lirn. ~ equity or right under or by virtue of thi~ mortgage, and the full amount of each and every such payment ahaII ~ be immediately due and payable and ahall bear intPrest trom the date thereof unt11 patd at the rate oi ten per centum per annum and together with auch tnterest ahall be eecured by the lien of this mortgage. 4. To permit, commit or aufter no waste, impa[rment or deterloraUon o! naid pmperty or snq part thereot. 6. To psy a11 and aingular the coeta, chargea and expenses, [ncluding reasonable lawye~'s fees and coet o! ab~trecte of title. incurred or pafd at any time by satd Mortgagee because and/or fn the svent of the iallurs on the part of the safd Mortgagor to duly, prompUy and fully pertorm. dfscharge. a:ecute. etfect, complete. - comply vvith and abide by each and every the stipulaUons, agreemenis, conditlons and oovenents of eaid promis- ~ory note. and Ws mor[gage, any or efther, and ~sid costs, chargea aad expenees, each and every. shall be Im- medistely due and payable, whether or aot there be notice. demand, attempt to collect or sult pending: and ths l~ll amount ot each snd every such payment shall bear intereet itom ths date theteof until pald at the rste at ten per centum per annum; and sll aatd costa, charge~ and espeoses w lncurnd os paid, togetAer wlth wcb 1n- terest, ~ha11 bs ~ by ths liea of Ws mortgage. e~tK ~•~O PACE ~ . . . 3_ . . _ - - i.-'~ ~~2-~..~-^~'~.F~-~~S-'~°`' _ ~~.3.,,~f~ ~