The URL can be used to link to this page

Home My WebLink About0921 , ~ ' ~MrNrr s*~?t~Pa ~R~ ~ ~ NOtE M~9 ~EU'EO and shall duly. prnmFUy and fuUy pertorm, discharge, execute, effect, rnmplete, comply wtth and abide bp each aad eveTy the at~pulations. agreements. conditions and covenants of said prom~swry note eind oi this mortgage. Fhen this mortgage and the eaute hereby created shall cease aad •be null and voitf. It is understood that eacL ot Uu wonis, ••note,:• •.mortgagw,•• and ••mortgagee•• napecUvely aad the praa- oune referring thereto. whether in the singular ~r plurai anywhere ln thfe mortgage,. shall be singulu )t one only aad shall be plural ~ointiq snd aeverally, if more than one, and shall be masculine. teminine and/or neuter, wher- _ ever the oontext so implies or admita. And sald Mortgsgor for himselt and hia heirs~ legal repreacntatives, aucceasora and as~igiss, hsreby• ooven- aata ann agrees to and with said Mortgagee. his legal repreaentatives, auccessors and asalgns: . . 1. To pay all and s[agular the princ[pal and lnterest and the various and sundry aums ot money paYable Dy virtue ot aaid pmmis~ory noter and this mostgage, each and every. pcompUy on the dsys nspectively tlse sann~ aeveraliy beoome due. • 2 To pay a11 aad singul~r the taxes, aseessments, levies, liabilitie~ obligations and lncumbranc.es of ever~ , nature aad kLid now on said descrfbed property. andlor that henaiter maq be imposed, auflered. placed, levied k or aasessed therenpon, and/or that hereafter may be levied or assessed upon thls mortgage aad/or the indebted- ness secnred henbq, each aed every, when due and payable according to 1aw. betore they become detinquent, and betore any fnterest attachea or any penalty is incurred; and in eo far as any thereof ls of ncord the same _ j ahali be prompUy satiafied and diacharged o[ record and the original otficial doeument (such as, tor instaace, ~ the tax receipt or ihe satiafaction paper otflcially endoraed or certlfied) shall be placed in the hands ot said ~ Mortgagee within ten days ne:t after payment; and in the event thst any thereof is not so paid, astfalied and i discharged. eald 1[ortgsgee may at any time pay the aame or any part thereo[ without waiving or af[ecting ~ anq optibn, _ Uen, equlty or right under or by virtue oE thta mortgage. and the fuli amount o! esch and every B such payment ehall be immediately due and payable and ahali bcar interest from the date thereof untll paiQ at the rate o~ ten per centum per annum and together with auch interesL ahalt be secured by the lien of thl~ ~ ~?~~Se- ~ - ' S. To place and continuously keep on the huild3n~s now os hereafter aftuate on ~aid land fln ~?d windstorm insurancx in the usual standard policy [orm, in a aum not less than i....-..-...~~iIDtl~t in auch com- pany or comp^ntea a~ msy be approved by aaid Mo*tgonce; and all such insurance policies on any~ot said build- inga, anq interest therein or part thereot, in the a~~regate aum a[ornsaid or in excess thereof. shari contain the naual standard mortgagee clsuse making the los~ ur.der ~s?~d policfes, each and every, payable is said Mortgar gee aa hb intereat may appear. and each and every such policy ahsil be promptly delivered to and held •by eaid ytortgsgee: and, not leas than ten days i» adt•ance ot the expiration of each policy, to deliver to satd Mortgagee a renewal thereof, together with a receipi tor the premium af wnrh rrnewal• at.d there ahall be ao such tnsur- " ance placed on any ot sald builc~in~, any interest therein or part thereo[. unless in the form and with the loes payable ea atoreeaid; and in the event an"~j "aum of moneq becomes payabie under auch pollcy or policiea said l~[ortj~agee ahall have the option to necelve aad apply the same on account of the indebtednesa accured hereby or to permit said Mortgagor to receive and use 1t or any part thereot tor other purposes arithput thenby waiving lmpair:: g a.; equity. Hen or riqht under or by virtue of this morigage: snd in the event 4aiS Mortgagor shal! for any reason tail to keep the said premi~es so insured, or Isil to dellver promptly any ot said policies ot insurance to said Mortgagpe, or fa31 prompdy to pay tully any p: emium thenfor. or in any rea~ect tail to per- ~ torm, diacharge, execuie, eflect, complete, comply with and abide by this covinant, or any part hereof. said 711orig- . agee may place and pay for such in~urance or any part thereof without. walving or atfectlng any option, lien, ~ equity or right under or by virtve ot this mortgage, and the Nll aq~ount of each and every such payment shall be trnmedlately due and psyable and ahaU bear interest trom the date thereot unttl patd at the mte of ten ~?er g - centum per annum and together aHth such intereat shalt be.aecnred by the lien ot thii mortgage. • ~ ~ 4. To peraAlk commit or suHer no waste. Cmpairmeat or delertontioa of said properiy or any part there~f. ~ b. To psy all aad aingular the co!!ta, charges and espenses, including reaso~aWe lawyer'~ fees and cost o! ~ abLtacts o~ Uttq lncurred or pald at any tlme by aafd Mortgs~ee because a?nd/or la the event of ihe lsilurs on the part ot the said Mortgag6r to duly, promptly aad Nlly pedorm. discharge. execute. eKect, complete, oomplr aith and sbide by each and every the atipulatioas, aareements, eosWitions uid oovenant~ of said promis- ~ wrp note. a~ this mortgsge. any or efther. and aald coeta, chasgea and espenses, sach aad every. shall De im- : mediately due aad p~yaDle. whether or not there be notice. demaa~, attempt to coliect or suit peading: arrd tt~ ~ tWl amonnt of each aod eresy n~c6 payment shall beu fatee+est trom ths date thereo! unttl pald at t~e rste at tea ~r exntwn per annum: and all ssiQ oosta, charges and espea~s ~o In~cure+ed or pald. Wsether wlth such la- terast, ~ bs ~ewrsd b~r tbe 1f~ of thfa mort~ag~. - ~ e c~ ~ ~z. r r ~ r- ~ _ e ~~~~;~x_~~ ~y,:,~ ~ ~ . r~. W~~~