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Home My WebLink About0550 and shall duly, promptly and fully per[orm, discharge, execute, ef[ect, compietP, •:omply with and abide by each and every the stipulations, agreements, cond~tio~~ and covenant~ of xud prum~s~ory note ar?d ot thi~ mortgage, then thi! mortgage and the eatate hereby created shail cease and t?e nWl ancf vouL It fa understood that each of the wonla, •'note," "mortgagoC' and "moRgaqee" re9pectlvely and the pron- ouns reterring thereto. whether in the aingular or plural anywhere in lhl~ mortgage. shall be eingular if one only and ahali be plural jointly and aeverally, if more than one, and sh:~li be mw.4culine, teminine and/or neuter, wher- eveF the context ao implie~ or admits. ` And said Mortgagor tor himselt and his heira, legal representati~e+, succes+ota snd ~signs~ hereDp rnvea- ants anu agrea to and with said 1?tortgagee. his legal representatives, successors and ss~ign~: 1. To pay aU and eingular the principa! and intereat and.the variow and sundry sum~ af money payaDle by virtue of said promisaory aote. and this mortgage, each and every. promptiy on the day~ re~pectively the same ~everaUy become due. 2. To pay all and aingular the taxes, as~essments, leviea, liabilitie~, obli~ations and incumbrance~ ol e~ery nature and kind now on satd deszribed property, and/or that hereatter may be imposed, suf[ered, placed. le~led or aaseased thereupon, and/or that herea[ter may be levied or e.s_sessed upon this mortga~e sndloc the indebted- ness seeured hereby~ each eind every, v?hen due and payable accorciing to law. belore they be~:ome delinquent~ and betore any intere~t attaches or any penalty is iacu~red; and in so tar a~ any thereot is ot record the aams shall be promptly satisfied and discharged o[ record xnd the on~nal otf~cial document lauch a~, for uistance, ihe tax receipt or the aatis[action paper ofticially endora~d or certif~ecf) shNl be placed In the hands ot said Mortgagee v~ithin ten days next atter payment; and in the event that any thereo[ is not so paid, satialied and dfscharged, aaid 1?iortgagee may at any time pay the same or any part there~t veithout wai~~ng ot atfecting any opti0n, lien, equity or right under or b1 ~-irtur o[ this mortgage, and the tull amount of each and every such payment ahall be immediately due and payab:e and shall bear interest from the date thereo[ untit paid at the tate ot ten per centum per annum and together w~th such interest shall be aecured by the lien of this mortgage. 8. To place and continuously ke~p on the bu~l+lin~;s now or hereafter aftuate on said land flre and vMndstorm Insurance m the u?ual standard policy fnrm, in a sum not les9 thut i M 17c_imum 1n ~uch corn- pany or comp^n!es as may be apprn~•cd by sai~l ~inrt~a~~ e: umt all 9u~h insunnce policies on any o[ ~id Luitd- ing~, any intrreat therein or part thereof, in the a~~r~~;ste xum aforpsaid or in e!ccess thereo[, shall coniain the , usual standard mortRagee dause makin~ the 1~~.~s ur.dr~ az~d pulicies, each an~f e~ery, payable to ssid 1~iortga- gee as his interest may appear, anA Pach ar.J p~•P:~• s~~~-h pr~ficy shall be promptly delivered to and held by said lllortgagee: and, not less than ten days in adran~e nf the ~xpiration ot each policy. to deliver to swid l~iortgagee a rene~val thereof, toRether vcitb a receipt fnr thP prPmium ~f ~~~rh r~newal: and there ~hall be no such insur- ance placed on any of ~+id buitdin~~, any ~ntrrest thcrein or p~rt thereot, unless in the [orm nnd with the loaa payable as atoresaid; and in the e~•Pnt any sum of money be~~~mes {?ayable under such p~?llcy or policie. said Mort~a/;ee shall ha~•e the opti~~n to rrceiee and ~pply the tiamr nn ar~o~u?t ot the indeDtedneas secured hereby or to permit ~aid ;SortFaFor to recei~e nnd use it or anV part there~t ior other purrwses v~ithout therebp v~•aiving or impairing any equity. Iien or ri~ht under nr by ~~irtue of this mort~;a~e; and in the e~er.i said MortgaKor shall for any ren.u~a ta~l Lo keep the said prvmisos ~o in~umd, or fail to dell~er prompUy an~ of snid polccies -ot insurance to said I?tortga~~e, or fnfl promptlv to p~y fi~lly any premium thecefor, or in any respect twi1 to per- form. ditcharge, execute, ef(ect, complete, cnmply «~th and ab:~le b~ thi, cu~•ennn~ or an~ part hereof, +aid ~tortg- age~ may place and pay [or such in9urance or any part thPre~t ~~ithrn~t v~aiving or nffectin~ any option. Iirn. equity or riRht undrr or by ~•irtue ot this mort~ag~•. and the full amount o[ each and every• auch payment shaU be Immediately due and payable anJ shn11 bear intPrest [rom the dr+te the:~of until paid nt the rate ot ten per centum per annum wnd toRether with auch fnterest ~hall be gecured by the tien o[ thla mort~e~~e. 4. To permf~ commit or autfer no «e~te. impairmrnt or deterloration ot said property or any part thereot. 6. To pay all and ain~ular the co~t~~ char~e~ and prpenses, includ~nR reasonable lew-yer'e lee~ and cost oi ab~tract~ of title, incurre~f or pald at nny tlme by sa(d 11or:ia~;ee be~•ause andior in the e~cnt of the tnllure on the part ot the seid DTortgagor to d~~ly, promptly and N:ly ~eriorno, dlscharge, ex~cute, effect, complete, Comply with and abide by each and evrry the silpulationa, egree:~ent~. cond+Uon~ and co~enanL~ o[ sa:d promis- sory note. and Ws mort~ege, any or elth~r, end ~xid ~o~b, charRe9 and expen9ea, each and every. ~hsll be_ Im- mMiAtely due and payable, wh.ther or nnt th~re he anl;~e. A~mand stt~mpt tn cnllcct or ,u1t prn~iin~: an~f thw f1W amount ot each and every such p+?yment ahnll bear intere?: from :.`~e daia ttiereof unttl paid et th~ r~te ot ten per centum per annum: and ult anld costs, charges •ad expeasea so incurnd or pnld. together a~[th sucb !n- terest~ ~1~aL be secured by ths Iten of Ws mortgage. , - i F[: „r. ~U~ f~Ar E . ~ ` 547