HomeMy WebLinkAbout0679 1. To pay all and singular the principal und interest and other sums of money payable
by virtue of said promissory note_. and this deed, or either~ promptly on the days respectively
the same severally become due.
2. To pay all and singular the taxes, assessments, levies. liabilities, obligations, and
incumbrancea of every nature on said described property~ each and every, and if the same
be not promptly paid the said Ddortgagee_S„ t h P j r heirs, legal representatives or essigns,
may at any ~ime pay the same without waiving or affecting the option to foreclose or any right
hereunder. and every payment so made ahall beur interest from the date thereof at the rate
oi te n per cent, per anuum.
3. To pay all and singular the costs, charges and expenses, including la~vyer's feee,
reasonably incurred or paid at any time by said lsortgagee.s., ~~egal representativea
or assigns, because of the faiiure on i.hr ~ar~ ~f t~:e sa:r3 ~ia:~g~g~T, a*Q auccQ-~or~3 legal
representatives or assigns~ to perform. comply with and abide by each and every the stipula-
tions, agreements, conditions and covenants of said promissory note_ and this deed, or
either, and every such payinent shall bear interest from date at the rate of e n per
cent, per annum.
4. To keep the buildings now or hereafter on said land insured in a aum not less than
h 19 h e c t i n c_ ~ r a h 1 e v a 1 u p H~, ~ a company or companies
f to be approved by said Mortgagee_, and the policy or policies held by and payable to said
MorEgagee~. ~h
p i r heirs, legai representatives or assigns, and in the event any sum of
money becoiries payable under such policy or policies, the Mortgagee~, the~ ~ heirs,
legal representatives or assigna, ahall have the option to receive and apply the same on account
of tbe indebtedneas hereby secured or to pernait tbe 1Viortgagor to receive and use it or any part
thereof for other purposes, without thereby waiving or impairing any equity, lien or right ~
' under or by virtue of this mortgage, and may place and pay for such insurance or any part
~ thereof without waiving or affecting the option to foreclose or any r~ght hereunder, and each
and every auch payment shall bear interest from date at the rate of te n per cent per annum.
6. To permit, commit or suffer no waste, impairment or deterioration of said property
or any part thereof.
6. To perform, comply with, and abide by each and every the stipulations, ogreements,
conditions and covenants in said promiasary note_, and in this deed set forth.
7. If any of said sums of money herein referred to be not promptIy and fully paid
withi~ tht rtX. days next after the same severally become due and payable, or if each and
every the stipulations, agreementa, conditions and covenants of said promissory note_ and
this deed, or either, are not fulty performed. complied with and abided by, the said aggregate
TM,Pnt~nned in said promissory note- ahalt become due and pay able forthwith or there-
after at the option of the MortgageeS.., -#h.e 1-~...,:neirs, IegaI representatives or assigns, as
fully and completelp as ii the said aggregate aum of T H R E E TH 0 U S AN D E I G H T H U N D~ E D
. a n d N Q f 1 Q D-dollars were originally stipulated to be paid on such day, anything in said
prnmiesory note_ or herein to the contrary notwithstanding.
IN WITNESS WHEREOF, the said party of the firat part has caused these
presents to be signed in its name by itQ
(Corporate President, and its corporate seal to be affixed,
(Seal) attested by ita ~ecretary the day
and y ear above written. ~
Attest :
Secretary.
Signed, sealed and delivered in the presence of :
~ .
~
~ • - '
Y C
~ - l President.
, ~ t[ - - , l ~t/
o ~ M
17ris I~?slmau-irl f~r~ f~ar~rl 1~~~:
.~1 JJr< <t e ` ~ r ~ ~o ~''7~
i'„- ;