HomeMy WebLinkAbout0535 1. To pay all and dn~ulas the pri~efp4l •nd Interest ~nd otJ~er ~ums oi nane~r ply~eie Ly virtue ot said promissory twte
~nd such further ~um ot awas ot nwn~Y, ii any. ~u th~ uid party oi tbe ~eooad part eqay advanoe to the parkies ot the
fiest P~?rt Prompvy oa tb~ day~ retpectively the q~ne sewnlly bevoaie d~ts.
S. To pqr ~11 and dn~ul~r the taxes. a~sasmenta. taviea, itabilitka, obli~+?tlons ar~ eneumbnnca ot every naturs on
aaid deacribed properlia. and ii the taane be no! pt~omptiy p~id tbe s~td 1?uty ot the isocnd Wrt. ~ta sueeepors and aasir,s
msy ~t ~ny tlme p~y tf~e same ~vit6ont wdvtns_ or alfeatin~ t he option 9
g tosacloa~ or ~ny rl~ht hereunder, and every pay-
ment so made ahal[ be~?e Interat fmm the date hereol at tt,e :~te of percent. per annnm.
S. To psy all and sinaalsr the cos4. chat~es snd axpeose+~~ ineludinY attorney'a fera. reasonably incurred or paid at sny
titne by said party oi the ~econd part, its successora, le~al zepre~er~Lattves or aatljns, because of the failure on the part oi Lhe ssid
part~BB of tbe itrst part, t~+~; saeeeawrs. le~sl npresenntatives or ~saians, to periorm, cotnply with and abide by esch
and every stlpnlatfon, sgreement, eondltion snd covenant of- wid promiswry note snd this deed, or either. u~d every such pay
ment shsl! bear interest im~m dste d the r~te at pereeat~ per annnta. .
To pesmit, owmrait, or ~aiter no waste. iaap~iscaent or deterioration oi aid property or ap~ put thereoi.
6. To perform, caaply wrfth and sbide by each and eve ry tbe st3pnl~?tioiu, agreeawnta, eonditions and Qovenante . in
said prornissory aate ud in tbis deed aet forth. .
6. If any o! uid aums o!'money herein reterred ~to be not pmmptly and inUy paid within 30 days next atter the
same ~everally beoome dne and paysble, or ~f each abd every the atipnlations, a~roements, oonditions and covenants oi said
promis.ory note and thir deed, or either, _ ue noL dn}y per[ormed, complied with and _ abided by. the asid aggngate sum men-
tioned in said promiasory note, sbsll become due iRnd p~yable -f orthwith~ at tbe optIon oi the psrty of the seoond part, ib
sneee~oxa, l~gsl npnseuta~iva or aseigns, as inlly snd eompletdy as ii the sdd aygregate anm oi ~ 2~ • 000 . 00 ~
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or the advanoes heretofore~ referted to was ori~inaUy stipulated to be psid on meh day, anything in said promis~ory note or
notes later to be e~cecuted and secnred henby. or heretn, to tha contrarq twtwit6~tand[ng. - .
7. To kcep tbe bnildin~s no~w or heteaiter oA st~id land's insured in tUe amm ~ot ]ese than $28 ~ 000. 00
doilars in a oompany or oompu~iet to be appmved by the aaid party of the aecond part. its snccessors, 1ega1 repreaentativea or
aasigns, and in the event saq sam oi money beoomes psyable n nder sach poliey or polIciea~ the said party of the second par~
its aQOCeseors or aesigne, shall h~ve the option to reaive snd spply the same on aecount of the indebtedness hereby aecnred
or to permit the parties oi the first part to reoeive and nae ik or any part thereof, for other pnrpo~es, arithout thereby wsiv-
ing or impairing sny eqnitq lien or rigbt nT?der or by virEue oi thi~ mortgage and may plaoe snd pay for sach inannnce or ~
any part thereof without waiviug or stiecting tbe option to foreciose or any right hereander and eurh and every snth ~~meat "
ahall bear intereat it the rate oi 9$ pet+~eat per annam irom ~te. -
8. In the event it becomes necessary to foreelose this mortgsge, partiea of~the firat part agree to !he appointment ot a
receiver. to eonaerve the renis snd pmfi4 securing from orderived trom the above deecribed property,
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IN WtTNE38 WNEREOF, t~e gaid b[ortgagor have hereunto settheir hand_ and aeal $ the
dsy and year i'ust above written.
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Sign aealed and deliveree! in~ the preaence of: X (SEAL)
' ?`'i I~G~./L1a~ I~JL(.~
~ (SEAL)
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