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Home My WebLink About0574 ' i » _ :"!?y„_. ~ ~ and sha11 duly. prompqy and tuAy perforni, dlsch~rge, execut~, et[ect, complete. comply w~th and abld~ by each and every the stipulatio~, agreement~, cond~tiocu snd covenanL o[ s~ud prom~swry note and o[ thl~ mortga~„ thea thia mortgage and tha atate bereby creattd shall eease and be null anU vo~b It ia underatood that each ot tM woni~, "note," "mortgagor' anA "mot~gagce" reapectlvely and Ne pron- ouns re[erring thereto. wheWer In the sfngular o~ plurat anywhec~e tn thia mortga6e„ shW bs aingulas if one oNy and ahall be plural jointly and severally. ti more than one, and shall be mascuUn4, ferrunlne and/or neuter. whee~ ever the oonteut ao impliq or admit~. - ' And a~ld ltort~or tor hlm~elf and h!s heir~, legat repreaentatlvea. ~ucceawn and a~siga~, bereby coven- anL ano agrees to and wiW said Miort~a~ee. hL !e`al repreaentativ~^i, succeswn wd assfana: To pay a1l and r!ngular the principsl and interest aod the varlou~ ar?d ~undrp aumi of moneY p~yable br vfrtue of said promiiwry note. aad Uw mortga~e. each and evary. prompUy on the dayi reap~cUvaly tbe ~am~ severally become due. , 2. To pay all aad s[naulu the t+ucw, as~easment», levfes, ita011iUea, oDligations and incumbrances ot every nature and klnd now oa sald descnbed ptoperty, and/or that hereatter may be imposed. ~uffered. placed. levied • or aaaessed thereupoa, and/or that hereafter may be levied or ssxssed upoe this mortgage and/or the indebted- neas secured henby. each Rnd every, when due and payable according to law. betore they become delinquent, ~ and betore any fnterest attache~ or any penalty is incurred; and in so !ar as any thereof is o! record the sam~ shaU be prumptly utisiied and dischsrged of record and the onginal off~cfal document (such u. tor instance. the tax receipt or the saUsfaction paper otticfally endorsed or certifiedl ~hall be p1acM in the hands o[ tatd ; Mortgagee within fen days ~ext a[ter payment; spd in the event that sny thereot Is aot so pald. utbtied an~ j diacharged, safd Mortgagee may at any tlme pay the same or any part Nenot wiihout wai~ing or atiectina ! any option, lien, equity or rlght under o~ Ey ~irtue ot tht~ mortgage, and the tull amount of each and ever~ such payment ehsll be immedistdy due and payable and shall besr interest trom the date thereot unUl paid at the rate of ten per centum per annum and together with such interest shall be ~ccured by the 1len of thfa mortgage. 3. To place and continuowly keep an the ba,ldinRa now or hereafter ~ituate on ~atd land tire and wlndstotm lnturance in the uaua! standard policy form. 1n s sum not less than =._._..~.Q.,.QQ~...Qfl.....--.•-•--•-........, in ~uch com- pany or comp^ntca aa may be approved by eairl ]?tort~aFce: und all such insurance policiei on any o! ~afd build- fngs, any lnterest there~n or part thereof, in the aR~reRate sum atorr~sid or in exctss thenot, shall cortsin th~ ususl standard mortqage~ clauae makinR the la~ ur.d~r said policiea, each and every. payable to said btortga• gee as hia interest may appear, and each and every au+•h pnlicy shsU be promptly dellvered W aM held br Wd Hortgagee; and, not leas than ten days In ad.an~e of the expiration of each poUcy. to dsUver to uld l+tortgagee s renewal thereot, toAether with a nreipt tnr ths prpmium ot a~~b nnewal: and there sha11 be no such insur- ance pleced on sny of sald buildin~s, any intereat therein or part thereo[, unlesa in the form anA with the los~ payable aa atoreaald; and in the e«nt any sum of money becomes payable under- auch policy or pollcia said ~ y[ort¢seee shall have the ootion to rrcelve and a~?Qly the Mm~ on account ot the lndebtednea~ aecured hereby or to pernift said Mortga~tor to recelv~ and uae !t or any pwrt thereot for other purposes wlthout thereby waivfns or fmpairing any equity. Ilen or riRht under or by vlrtue ot thb mortgage; and In the event s~ld Mortgagor ihall tor sny rrason [nil to keep the aaid premi~F~ ao Jn.urrd. or idl to dellver prompUy any o[ uld policies o! Inaurance to said 1?iortgaAPe, or faJl promptiy to pay inlly any p~emfum therefor, or in any respect fail to per- form, dlscharge, execute, e[fect, complete, compiy with and sbide bv thfs covenan~ or eny part hereot. said Mortg- Rgee msy place and psy tor auch insurance or any part thercot vwithout waiving or attectlng any option, lien, equity or right under or by virtue o[ this mortgage, and the [ull aq~ount oi each and every such payment shaD be immediately due and pa~aDle and shall bear int•rest from the date thereof untll paid at the rate ot ten per centum per annum and together v?Ith such Interest sha11 be ~ecured b~? the Uen ot t!w mortgaga. To pertNt, commit or sutter no wute, Impatrmeat or deterfonUoa oi aald property or anr part thereol. ~ 6. To pay all and aingular Ne caats, chugea and expenses, includtng nawnaDle Lwyre~~ tees and ca~t ot . t ~ ab~tracL ot title. fncun~ed or pald at any Ume by sald l~tortgagee becRUSe and/or In the sveat ot the tatlur~ on the part ot the ssid Nortgagor to duly, promptly and Iuliy pedona. dl~charge, esecute, eKect, complet~ oompl~ wfth and abfde by tach and every the stipulatfau, aareementa, conditloaa and oovenanL o! ssid pmmis- aory note, and thf~ mortgage. any or elther. and safd costa~ chargas and u~pen~a„ atcb aad everp. shall b~ im- medlately due and ~~rable. arhether ot not thees be notfce, demsnd. attetapt to ooUect or ault pending: and t1~ iWl amount ot each a~M every wch payment ~haq bear fatereat trom th~ dat~ t~rsof unt11 pata ut the rate ot tea p~r centum per annum: ar~ W~aid oo~ts, charsci ~ad ~speow w incurr~d oe p~i~ to~eth~r wftb wcb fn- brat, shal! Os ~tcured bp tb~ U~n ot thla mortsa~a. . . o R K?1