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Home My WebLink About0615 , ;i : i~ , ~ • s o! !A~ ~9~ ~~h i+~ qi~u at ~o~asi loar ~ ~ ~o~tq~9o~e A~ ~ . ~ d voa~! ~.b! ps~o~~X* ~ l~sr~s ~f+o~ ~t ~ this ~?ot+~. ~ ~lAo~1t ~lunt . ~ ~atitle~a : ~ ~ r svLi~?vt~ t.~r .~l+~. ~ ~ ~i~t p~? ~ !#M? 1io~tt~~s ~ ~sr ~~iP~ ~ ~ v~ . ~ ~bioo~t • . ia~ , ~ab1s. ~uqc~o~ 1~ t~ . ~i . . ' _ ' ' =1 ` : • . ' ~1 t ~ ~ i ' _ . . . . ~i - _ , . ~ - - . . _ And also, to secure the payment af any and all notes, liabilities, and obligations of the mortga8- ~ ora, or either of them, to the mortBaSee. ita auccessors or assigns, whether as maker. endorser; guaran- tor or otherwise. and whether auch• notes. liabilities or obligations, or a~yr of them, be riow in existence or accrue or arise hereafter. ~r be now owned or held by the mortgagee~ or be acquired hereafter, it be- ing the intent snd purpose of the mortgagrora to secure, by this mortgsge, all notes, claims, demands. lia- bilities and obligations which the mortgagee, its auccessors or assigns, may have~ hold or acquire at any time during the life of this mortgage against the m ortgagors, or either of them. Pro~~ided, that the total of ali amounts secured hereby shull not exceed at any one time the sum of ($9,000.00) Nine Thousand and no/lOQ - - - - - ' ' ' ' ' - Do~xs, in the aggregate; and provided further that alt such notes, claims, demands or liabilities and obliga= tions secured hereby be incurred or arise or come in to existence either on or prior to the date of this ortgage, or on or before Five (5) Years after date of this mortgage. f3 '~~~8~~a~f~e~~a~~€#~~ga8~= - - • , . AND THE SAID ~iORTGAGORS , for thei r , heirs, legal representati~•es, successors and = assigna, do hereby co~•enant and agree : 1. To pay all and singular the principal, the interest and other sums of money payable by virtue of the asid above mentioned notes and ather obligations and this deed, each and every, promptly on the days, respectively. the same become due. ~ S 2. To pay all and singular the taxes, assessments, levies~ liabilities~ obligations and encumbrances of every nature and kind now on said property~ or that hereafter may be levied or assessed thereupon, each and every of them; and if the same, or any part thereof, be not promptly paid when due and pay- able, said Mortgagee, its successors, heirs or assigns, may at any time pay the same, ~~ithout waiving ; or aPfecting the option to foreclose this mortgage ~y reason of such default, or any right hereunder. ; and every payment so made shalt ~ear interest from the date thereof at the rate af 9 per cent, ~~er annum, and all such payments, with interest as aforesaid shall be secured by the lien hereof. 3. To pay atl and sinsular the costs. fees~ charges and expenses, of every nature and kind, includ- ~ ; ing the cost of an abstrart of titie to the above deacribed lands found to be convenient or expedient in connection with any suit for the forc~losure of this mortgage, and also including all costs and eacpens- es of the said suit, including attorney's feea. to the attorney of the complainant foreclosing of $100.00 ; and ten percent upon the amount decreed to the complainant, or fixed by agreement before decree~ ~~hich costs and fees shall be included in the lien of thia mortgage and in the sum decreed upon fore- € clvsure, because arf the failure on the p~rt of the said Mortgagors ,the i r heirs, legal representatives, ~ successors or assigns, to perform, camply with and abide by all or any of the covenants, conditions ~ and stipulations of said promissory notes and other obligations, and this mortgage~ and in the fore- ~ closure of this mortgage and in c~llecting the amount secured hereby. each and every such payment ~ shall bear interest from date thereof untii paid at the rate of Ni ne per cent, per annum, and ~ such payments ~S•ith interest thereon as aforesaid, shall be secured by the 1ien hereof. ; ~ 4. To permit. commit or ~uffer no waste, impairment or deterioration of said property, or any part ; ~ ~ thereof. 3 z 5. To keep the buitdinb~s, now or hereafter on said land, insured against fire and torn do i sum s ~ ~ 3 5~~ ~ not less than Thirteen Thousand Five Hundred eight DOLLARS, ; in a company or companie, to be designated by said Mortgagee, its successors or assigns, loss, if any ~ payable to the Rlortgagee. as its interest may appear, and _ in the event any sum of money becomes pay- able under such policy or policies, the Mortgagee, its successors, or assigns, shall hare the option to re- ceive and apply the same on account of the indebtedness secured hereby. or to permit said Riortgagor . ; ; to recei~e and use it, or any part thereof. for the purp~se of improving said land, without therebg ~vaiv- ing or impairing any equity, lien or right under or by virtue of this mortgage; and said Mortgagee, its successors or assigna, ~xiay place and pay for such insurance, or any part thereof, without waiving or ~ > aPfecting the option to forectose, or any right hereunder. apd each and e~ery such payment shall bear interest from date thereof until paid at the rate of___ y____ _ per cent. per annum, and all such pay- ' ments. ~rith interest as aforesaid, shall be secured b3? the lien hereof. The mortbagee. its successors or : = assigns, is empowered to adjust, compromise, submit to arbitration and appraisement and collect, and ` apply to the reduction of said indebtedness, any claim or loss arising under. any insurance policy cover- ; ing said premisea: and to that end the mortgagee. its successors and assigna, sre irrevceably appointed ~ ~ the attorney in fact a~f tbe party of the firat part to execute and deliver sach receipts, releases and oth- ~ ~ er writings as ahall be requisite to accomplish such adjustment, compromige, arbitration, appraise- ment and collection. k k ~ i ~ F--~ PAGf ~ ' J ~~0 ~ ~ ~ = = ~ _ _ _ . . . , ~