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Home My WebLink About0481 . and shalt duly, prompqy and [uliy pertorm, d~xharge, execut~, eftect, complet~, comply w~th and abide by each and everv the atipulation~, aRreements, cond~t~oru and covenants ot svd prom~s~ory note ~nd ot this mortgage~ then thf~ mortgage and the estste hereby created sh:ili cease and De null ana ~ou1. It i~ underatood that each ot the wonls, "note." "mortqago~' and "mortgagee" respectl~ely and the pron- ouna crterring thereto, whcther in tAe ainRular or plural anywhere in this mortgage, ~hall be singular if one only and ~halt be plurel jointly and severally, it more thnn one, and ~h:sll be ~nrisculine, [em~nine and/or neuter. wher- ever the context ao implie~ or admits_ Md said Mortgagor tor himselt and hi~ heirs, legal representati~•ea, aucceswrs and a~sigtu, hereby coven- ants ana agreea to and with said Mortgagee~ his legal reprrsentaUvea, successor~ and as~igns: l. To pay all end siagular the principai and interest and the various and aundry sum~ of money payable by Wrtue of aaid promiswry nott, and t.his mortgsge, each a~ err.r=~ prmp;Ig an ihe da3s re3pe.:~.:.~Dy tlie aarn~ sevenWy become due. Z. To pay all and singular the Guce~, assessments, levies. IiaDilities, obiiRation~ and Incumbrancea of every nature and kind now on eaid de~cribed prnperty, and/or that herea[ter may be impo~ed, auttered, placed, levied or assesaed thereupon. and/or that hereafter may br Irvied or assessed upon this mortgaRe and/or Lhe indebted- ~ ness secured hereby, each and every, when due and payable according to law~ be[ore they become delinquent, a~d brfore any intereat attache~ or any penxlty w~ncurred; and tn ~o fa~ e~ any thereot ia ot record the same f ahall be prompUy satistiM and discharged o[ record and the onginal oifleial document (~ach a~, tor i~utance, ! ihe tax receipt or the aati~[act~on paper of(iciaily endorsed or certifiecil ahs11 De placed fn the hand~ ot szid Mortgagee within ten days next a[ter payment; and in the reent that any thereo[ is not so paid, satistied and ' discharged, aaid 1?iortgagee may ai any time pay thc same or any part thereot w-ithout wai~~ing or af[ecting " any opti~n, lien, equity or right under or by ~•~rtuP o[ th~s mortgage, and the fult nmount ot each and every ~ such payment aball be fmmediately due and payable anJ shall bear internst from the date thereot until paid i at the rate ot ten per centurn per annum and together w?th such intere9t ~hall be secured by the lien of this mortgage. ~ 3. To place and contlnuously keep on the bu:ldin~s now or hereafter altuate on ~aid land fire and windstorm 3 inaucance :n the uaual standaM policy fonn, in surr?~not ~es~ than t_ Maximum_________ auch com- pany or comp^nies as may be approved by sairl 1?iort;;~~ce: and nlt ~uch insurance policies on any of said build- ing~, any intere~t therein or part thereof, in the a~~r~gate ~um afor~vaid or in exce~s thereot, shall contain ths usual sianciard mortRaget clause makinR the l~~~s urd~r ~3?d policie~, each and every, payable to said I?Tortga- ~ gee A3 hia intereat may appear, and each ar.J evr:y su~•h pnlicy ahall be promptiy delivered to and held by said riortgagee; and, not les~ than ten day~ in a~i~•an~e M the expiration ol each pnlicy, to deliver to sxid l~iortRn~ee s renewal thereof, toRether vrith a rece~pt fnr thr pr~m~u~n nf a~~rh r~nrwal; and there ~ha1! be no 9uch insur- ance placed on any of aaid bueldinxs, any intrrest therein or part thereo[, unlea~ in the form end with the lo~~ payable aa a(oresaid; and in the e~•~nt a::y sum of money becomea payable under such poliey or policies said ~ Mort~aqee shail have the opti~~n to recei~•e and apply the wme on aceount ot the indebtedne~~ secured hereby or ' to permit said :?tort~,?aRor to rereive nni u~e it or any part thereof for other purno~e~ without thercAy waiving ~ or impairing any equity, lien a• riRht under or by virtue of thi~ mortgaRe; and in the event seid 1?tortgaKor shall ~ for any rrasoi (A1~ ~A ke~p th~ said prem:.~v sn in~ur~d, or fail to dell~~er promptly ent• ot snid policie~ ot insurance to ss~d rlorfgaRee, or fail promptly to p~y Inlty any premium therefor. or in any re~pect fwil to per- w torm, d~schar~e, execute, effect, complete, comply «~tA nnd abi~fe by thi~ covenant, or any part hereot, said ~tortg- ~ aRer may place and pay !or such inaurance or any patt thereo[ withnut v?aiveng or a[fectinq any option. 1irn, ~ equity or riRht under or by vir±ue uf this mort{;aRe, an.l thi• tull 1qi~~mt of each and every auch payment 9haU ~ be immediately due snd pa}•able nnd shnll bear iniPrest from the dete ther~of unt11 paid at the rate of ten per centum per annum ~nd togethrr with ~uch Interest ~halt be ~ecured by the lien ot Ws mortgaRe. ; 4. To permlt, commtt or suffer no u•n~te, irr~pairment or deterforatton ot ~ald propert~ or any part thereaf. z : - b. To pay a2I and sinRutar the co~ty, ct?ary;e~ anJ ex~n~ey, includ~ng ree~onable lawyer'e fees anA co~t ot F absiracta o[ title, Incurrc~t or paid at eny time by azid ]1t~rtgeRee becaux andior in the event ot the fRlture ~ on :.*.e pnrt o[ the ~at~ ~tort~aRn^ to duly, promptly and tully peKorm, dlxhs~ge, execute, eftect, comp~~ie. ro.rt¢ty u-IL'+ and aDide by each and ev~ry the ~tipuiat~on~, aRreement~. ~ond~uon~ and covenant~ of aaid pre•rRi.+~ ~ eory not~, and thi~ morty-n~~, eny ~r efth~? wn~t .ai.i rna~~, rhA~~+ ~nA ~~un.r~, ench wnd ~v~ry, rhwll tk Im• ~ mediately due snd psyable, w•h~ther oe n~~t the~e be nohc~, d~mand, ettempt to collect or ~ult pendin~: end ths ~ full amount o! each and ~ver~• ~uch pw~Tn•nt ~hRll t~ar in!rre.t [mm trhe date thcreof untll pat~t at th• rnie of ~ ten per centum prr annum: An~} a11 esld co•t~, chsrKrs end ex~ea.x-s a*~ Incurrrd or paid, togeiher u~it?~ auch !n- tere~t, ~hal! be eecured by tAe lten ot thls mor:gage. ~ ~ r~: 4?~