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Home My WebLink About0471 . ~ ~ f ~ t 1 ? ) j _ ; 4 ~ i ~ ~ • I and shall duly, promptly and fully perform, d?scharge, execut~, elfect, complete, comply w~th and abide by each and everp the st~pulations. agreements, cond~tion~ and covenants of sa;d prom~s~ory note end ot thia mortgage. then this mortgage and the estate hereby created shall cease and be null and ~oid. It is underatood that ucb ot lhe worda. "note," "mortgagor' and "mortgagee" respectively and the pron- , ouns refernng thereto, whether in the aingular or plural anywhere 1n th19 mortgage, ~hall be aingular 3t one only ' and ~hall be plural Jointly snd severaliy, 9t more than one, and sha11 be ma.gculine, feminine and/or neuter. when evec the oontext so implies or admita , Md said Mortgagor tor himbelt and hi~ heirs. legal representatives, successore and assign+, hereDy rnven- ~ ~nts ana agrees to and with aafd ~lortgagee, hia lega] repzeaentativea, successors and assigns: l. To pay all and singular the principal and interest ar~d the various and sundry auma ut money payable by vlrtue of said promiasory note, aad this mortgage, ench and every. promptly on the days respectively the ,ame severaUy become due. Z. To pay aU attd ~ingular the txxes, dtsessments. levies, liabilitees, obiigations and lncumbtances o[ e~ery nature and kind now on said descnbed property, and/or thst hereafter may be imposed, aufiered, placed, le~-ied , or asseased theteupon, and/or that herea[ter may be leviM or as.w~ssed upon this mortgage andior the indebted- n~as secured hereby, each and e~ery, when due and payabie arcording .to law, before they become delinquent, and ~befor~ any intere~t attaches or any penxlty ls incurred; and in so taz as any theceof is o[ record the same shall be prumpUy satisfied and discharged ot record nnd the onRinal off~cial document I~uch a~, tor instance. ihe tsx nceipt or the satisfaction paper oEticially en•iorsed or certifiedl ~hafl be pfaced fn the hand~ of said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, sati9fied and dischsrged. aaid Mortgagee may at any time pay the aame or any part thereo[ w-ithout wai~~ng or affecting any opti~n, lien, equity or right under or by ~•irtuP of this mortgage, and thc full amount of each and every auch payment ~hall be immediately due and l~ayable 1nd ahali bear interest irom ihe date lhereof until paid at the rate ot ten per centutn per annum and t~~ether wilh such interest shsll be aecured by the lien oi thia mortgagt. i S. Z'O p~8CC 8f1d continuouslr keeo he 6uiid~nrn nnw nr hnroattar ~if~~nfa n.~ we~A t~q.i f t Insurance in the ua+ual standard policy , in_ a sum not le~ than i.•-•~.X1m11~L...-.-....--.------..., tn such com- ° pany or comp^nies as may be approved by a3tr1 liort~ar~e: am.1 nll such insurance policie~ on any of 9aid build- ings, any [nteresi therein or part thereof, in the a~~re~ate sum atoresaid or in excess thereoi, shall contain ths usual atandard mort~agee cisuse makinR the I~,~s ur.ci~r sa?d policies, each end every, payable to said Dtortga- ; ' gee as his fnterest may appear, and each ar.d e~~er~~ su~•h policy shall be promptly delivered to and held by said ' Mortgagee; and, not less than ten daVS in ad~•an~~e of the expiration o[ each policy, to deliver to swid btortgagee a renews) thereot, toKether vrith a receipt for thp premium ef anrh renewal: and there ~hall be no such insur ance placed on any of satd buildinRs, any interest therein or part thtreot, unies9 in the form and with ihe lose psyable as atoreaaid; and in the e~•ent nny ~um of money becomes payable under a~ich policy or policies said MortRagee shaZl hare the option to receive and apply the same on account ot the indebtednes~ secured hereby or to permit said MortRagor to receive and uce it or any pnrt theree[ for other purpo~es without thereby wa9~~ing or irnpalring any equity, lien or riRht under or by viriue of this mortgage: and in the event said Mortgagor shall for any reason tail to keep the said promis~s so insur~d, or fail to delf~er promptly any ot said policies o! inaurance to said 1?tortgaRee. or fail promptly to p~y fi~lly any premium therefor, or in dny reapect taU to per- form, diachsrge, exccute, effect, complete, comply w-ith and aDide Dp thia co~enant, or any part hereof, said 111ortg- agee may place and pay for such inaurance or wny part thereot without waiving or attecting any opti~n, lien, equity or right under or by virtue ot this mortgage, and the full amount of each and every auch payment shall be lmmediately due and payable and ahall bear intPrest irom the ddte thereot unt11 paid at the rate of ten per centum per annum and to~ether with auch Intereat ahall be aecured by the lien of thfs mortgage. 4. To perml~ commit or sutfer no v?aste, tmpairment or deterloratton of aald property or any part thereof. 6. To pay all and singvlu the co~ts, chargea end expen~es, including reaeonable 18wyer's teea and co~t of abatracts of title, incurred or pafd at any time by ~sld Mortgagee because and/or !n the event of the faflure on the part ot the aafd Mortgagor to duly, promptty and tully pertorm. dfscharge. ezecute, etfect, complete. oomply w~ith and abide by eacb and everq the ~tlpulatione, agreements, condiUons and covenante of eaid promi~- sorp note. and Ws mortgag0. ~Y or elthe~, and sald costs. chargea and e~[pensea. e~ch snd every, ahall be im- mMfately due and psyable. whether or not there be notice, demand, attempt to coliect or eult pending: and ths fu11 amount ot each and every such payment ahall bear interest trom the dats thereof until pafd at the rste o! tea psr centum per aru~um; and alI sald costs, chargei snd espeass~ so ~ncurred or paid, together with auch !a- tere~t, ~hW bs ~ecvred by ths Uea ot thb mortgag~e. f~ ; r 6G~,r~UO FAGE 46~f~