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HomeMy WebLinkAbout0604 l. To pay all and aingular the principal und interest and other sums of money payable by virtue of said promissory note_ and thia deed~ or eithec. promptly on the days respectively the aame severally become due. 2. To pay all and aingular the taxes. assessments, levies. liabilities~ obligatione, and Incumbrsnces of every nature on said described property, each and every, and if the same be not promptly paid the said Mortgagee-, ~?d their heire. legal representatives or assigns. may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder, and every payment so made shall bear interest from the date thereoi at the rate oi 9 per cent, per annum. 3. To pay all and singular the costs, charges and expenses~ iucluding lawyer's feea. reasonably incurted or paid at any time by said 1~ortgagee-, an~ P~ r legal representativea or ussigns, because of the failure on the part of the said Mortgagor~ ita succeasora~ legal representatives or assigns, to perfor~n. comply with and abide by each and every the atipula- tions. agreements. conditiona and covenants of said promissory note- and thi.a deed, or either. and every such payment shall bear interest from date at the rate of per cent, per annum. . ~ 4. To keep the buildings now or hereufter on said land insured in a sum not less than ollare. in a company or companies to be approved by said Mortgagee-, and the policy or policies held by and payable to said Mortgagee-, ana rr~P; r heirs. legal representatives or assigas, and in the event anq sum oi money becomes payable under such policy or policies, the Mortgagee-, thcai r heirs~ legal representatives or assigns. ahall have the option to receive and apply the same on account of the indebtedneas hereby secured or to permit the Mortgagor 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 foreclcse or any right hereunder, and each and every such payment shall bear interest irom date at the rate of 9 per cent per annum. 6. To permit, commit or suffer no waste, impairment or deterioration of said property ~ or any part thereof. ~ f 6. To perform, comply with, and abide by each and every the stipulations, agreements, i j conditions and covenants in said promissory ~ note-, and in this deed set forth. ~ If any of said sums of money herein referred to be not promptly and fully paid ~ within C~ days next after the same severally become due and payable, or if each and ~ ~ every the atipulations, agreements. conditions and covenants of said promisgory note- and p this deed, or either, are not fullq performed, complied with and abided by, the said aggregate sum mentioned in said promissory note_ ahall become due and payable forthwith or there- after at the option of the Mortgagee-., an~ +hP~ heirs, legal representatives or assigns. as fully and completely as if the said aggregate sum of S5s ~ dollars were originally stipulated to be paid on such day, anything in said promissory note.- or herein to the contrary notwithstanding. . IN WITNF.SS WHEBEOF. the said party o! the firat part has caused these presents to be signed in its name by its ~ (Corporate President, and its corporate seal to be affixed, G k (Seal) attested by its ~ecretary the.~~y ~ ~ ~ and year above written. ' ~ . ~ Attest : ' ~ " - _ = ~ Secretary. r`r = , , - ~ ~ Signed, sealed and deliv ed in the presence of : /~~:..t ~ f=~:~[ ~ :1~~ - ~ i ~ , ` 1, , ~ ; ~ li• . . _ • ~ '.(~.,W';t(.~ By- ~ ~a - :..r ~ C ' ~ !'j~-' , ~ , ~ PresiQ'L ~nt. < ~/7ir /~~clrrn~~r1N ~~r~~atr~~l l~?• ~ ' ( ~ ~5 P~'f ~a7t7 l i l~ lrr