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Home My WebLink About0503 i S~~ ~ g~~~ ~HG~ O ~M~ O~~ ~ . ; - - ~ - ~ , ; ~ ~ ~ . r ~ ~ ~ ~ and ahall duly, pmmpUy urd fullr pertorm, diecharge. execute, cftect, complet~, romply wfth and abide ~y each and everv the stipulations, agreementa, condit~o~u snd covenanta of said prum~ssory note and ot this mortgage. ~ then this mortgsgc and the eatate hereby created shall cease and be null ana ~oid. It ia understood that 'wch of the wor~is. "note," "mortgagoY' and "mortgagee" reapectively and tt~e pron- ~ ouns referring theret0. whet;.rr in the singular or plural anywhere 1n thL~ mortgage. ahall be singular if one ody ~ .na anaai oe piura~ joinuy ana se~erai~y, if more than one, end shall be ms.9culine, teminine and/or neuter. whee~ ( ever the oontext so iinplies or admits. ~ ; f And said Mortgagor tor himself and his heir~, legal representaUvea, au~ceswrs and aasigns. 6eret+y ooven- € ants ana agre~s to and witb aald ~[ortgagee, his lega! representative~, succeasors and asaigns: ; ' 1. To pay all and aing~ilar the princlpal and interest End the various and sundry sums of money psyable b> > m~ virtue of aaid promissory note. aad this mortgage. each and every. Fromptly on the days. crapectlvely the aam~ severaLy become dua ~ 2. To pay all and singular the t~uces, assessments, levies, liabilittea, obiiRations and incumbrances of every i nature and kind now on said dexribed properly, andlor that herea[ter may be inpo~ed, euifee~ed, placed, levied ~ ! or as.s~~sed thereupon, and/or that hereatter may be IeviM or asses~ed upon this mortgage andlor the indebted- ~ I ness secured hereby~ each and every, when due an~i payable sccording to law, before they become delinquent, ~ and betare any intere~t attaches or -any penulty is incurred; and in so iar as any thereof is ot record the same - shall be prumpUy satisfied and discharged of record and the onginal otficial documcnt (such as, tor instance. ihe tax receipt or the sati~tactian paper ofticisliy en3or9ed or c~rtitiedl shall be piaced in the handa o! sai3 Mortgagee within ten day~ next gtter payment; and in the event that any t2:ereaf'is not.so paid, aatisfied and li discharged, said Mortgngee may at any time pay the same or any part chereof v~~tho~t wai~~ing or attecting any optien. 11en, equity or right under or by ~•irtuP of this mortgage, and the lhll art~ount of each and every such payment shalt be immediately due and payabte ~nd shal! bear interest [rom the date thereof until paid at the rate ot ten per centurn per annum and together w~th such inierest shall be secured ~y ihe lien oi thia ~ mortgage. S. To pla~e and continuously keep on the bu~Id~nRa now or hereafter situate on sai~l land fire and windstorm insurance in the usual standard policy [arm. in a sum oot les~ than ....~$X3.1G11Al---.-----• 1n ~ch com- , pany oz comp^~ics aa may be approved by aai~1 Mort~o~ce: and ali such insurance policie~ on any ot said build- ings, any Intere~t therein or put thereot, in the a~~re~ate 9um sioresaid or in excess thereot, ~ha12 tontain the usual stsndard mortRagee clause makinR :he lo~s ur.ciPr s.~1d policies, each and every~ payable to said Mortga. gee as his intereat may a¢pear, and each and e~•ery su~~h policy shaR be promptiy deli~ered to and held by aaid Mortgagee; and, not lesa than ten days in adranre of the expirntion ot each policy, to deliver W aaid Mortgagee a renewai thereof, toaether with a receip.t for thP p*~mium of r+~~h r~newal- an~! there ahall be no auch insur- ance placed on any of said buildinAs, as~y interest therein or patt theieof, unless in the form and wfth the loa~ ~ paya~le as aforesaid: and in the e~ent any aum of money become~ ~ayable u~der such policq or policiea said ~ MortQa~ee shall ha~e the option to receive and apply the same on ucount ot the indebtedr.ess secured hereby or to permii said ~tortqaRor to receivP and uce it or any part thereot for other purpoxa without thereby waiving or impairing any equity. Uen or riRht under ~r by ~irtue of this mortgaqe; md In the event aaid Mortgagor shall , tor any renso~ tail to krep the sald premi~es ~o Ir~aurnd, or fail to dellver prempUy any of aajd policie~ o! ~ insurance to said 1ltorig:s~[ee, or fai! prompUy to p:?y fully any premium therefor. or in anq reapect tafi to per- form, diacharRe, exccute, et(ec~ complete, comply u~th and abide by this covenant, or any pert hereof. eaid ltortg- agee may place and pay for auch insurance or any part thereot without v~aiving ar sffecting any option, lien, equity or right un~ier or by virtue of thia mortRage, and the full a4?ount ot each and every such payment ahall be immediately due and papable nnd ahali brar intorest from the date thereot un1t1 paid at the rate ot ten per oenturr. per annum and together with such fnteresi shall be secured by the lien of th1~ n?ortgage. 4. To permlt, comrr~t ar sufter no aaate, lmpairment or deterlontlon ot uSd property or a~?y part ihereot. b. Zb pay W and singular the costs, charqes and expet~xs, including reasonatile lawyer'~ fees and ca~t ot -abstr~cia of title, Incnrnd or pafd at any time by aatd Mortgagee because and/or in the e~eat of the failtu~e on the part ot the aa!d Mortqagor to duly, promptly and Nlly perforna. dlscharge, ezecute, effeet, rnmplets, oomg!y with and aDfde by each and every the atloulatlon~, agreemenb, canditlonr and oovenanb oi said pmmis- wry note. and thls mortgage. aa~ or either, atid aald ca~tsr charges and exptnKS. es.:h aad every. ihall bs i~t~- : mediately due" and payaDle, wAether or not thece be notice, demand, attempt to collect or seUt pending: and tlu ; iWi amount ot each ar.A every such payment shall bear interest trc+m ths date thereot until pafd at the nte ot ten per centum per aiu~um; and all satd owti. charges and e~pea~e~ ~o tacure'ed or Pal~ togetber N1th we1~ in' ' i tete~t~ ~hall bs aeNrsd bp the Uea o! thl~ mortgsge. ` _ . ; i ` ~i ~~i ~ ~ ~ ~ „ - ~ ".~~s~~.-.~.s~~~ : - S~ ~ >