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Home My WebLink About0984 _ . and shall duly~ promptlr,and tullr perform. discharge. execut~, et[ect, complet~. ~:omply w~tb and sbid~ Dy each and evecar the stipulation~. agreements, conddiona and covenanta of said prc~m~swry note aad ot thia mortgage, then this mortgage a~d ths est~te hereby created shall ceaae and De null and void. It ia underatood that each ot the wonls, "note," "mortgagoc" anA "moRgages" re~pectively ~nd the pron- ouiu c~eterring thereto. whether In the sinqular or plural anywhere in thl~ mortgage, shall be eingular it one only and shal! M plural ~oiAtly and severally, it more than one, and ahall be ~nnaculine, teminine and/or neuter. wher- ever the mntext ao implies or admtts. And aaid Mortgaaor tor himselt and his heirs. legal representative~, auccwors and asslga~„ AereDy coven- anb ana agnes to and with sald ~(ortgagee~ his legwl reprrsentatfves, successors and avigns: 1. To pay W aad iingular the pHncipal and Interrst and the variow and sundry sums ot money payable b ~rlrtue ot aald pramissor~r aote. aad this mortgage. euh and every, promptly on the days re~pactively the sami ~evenUy beoom~ dw. Z. To pay all aad sinaular the tues, as~essments, levies, liabilities, obliRations and lncumbrancq ot e~ety t~aturo and kind now on sald dexribed property, and/or that hereafter may be [mpo~ed. suttee~ed, placed, levied or asscs~ed thereupon, snd/or that hereatter may be Irviecl or assessM upon thfs mortgage and/or the indebted- If ness secured htreby. each wnd every. when due and ~+ayable acconiing to law~ Detore they becoms delinquent~ f aad be[ore any lnterest attaches or any pen~lty Lv incurred; and in so faAr as any thereot is ot record the aam~ shall be prumptly aatislied and dUcharsed o[ record and the original otticial docnmeat (auch as. tor instance, ~ :he tax receipt o~ the saUstaction paper o![icially endoraed or certified) shal! be placed 1n the hands o! said Mortgagee within ten day~ next atter •payment; and fn the event that any thereo[ fs not ao pafd, aatistiM and ~ discharged, aaid Mortgagee may at any Ume pay the sanie or any part there~?[ v~-ithoat wai~~ing or aftecGng ~ any optfon, 1[en. equity or right under or bp ~irtu• ot this mortgage, and the full amount of each and every such payment ~hall be immediately due and payabte and shall bea~ interest trom the date thertot unttl paid ~ at the nte o[ ten per centum per annum and together wilh such Interest ahall be secured by ihe lien of thu mor[gage. ` : E 3. To place and continuously ke~p on the buildin~s now or hereatter sltuate on ~sid land fire and windstorm ~ U~surance in the uaual standard policy form. in a sum not Ies~ t1~an i.----....--•--~:'~dximum--• In such com- ~ pany or comp^nles as may be approvrd by aai~l I?Iurt~a~ce; and 111 such insurance policie~ on eny of said build- ~ ings, aay intere'[ therein or part thereot. in the aR~regate aum a[orr+~?id or in exceu thereot. shai! contain ths ~ usual standard mortRagee clause makinR the 1~~~~ ur.d~r sald policies, each and every. payabie to ssid Dtortga-. ~ gce as his interest may appear, and ench and ev~ry su~•h policy ~h.3t1 De promptly detivered to and held by said i I?(ortgagee; and, nbt less than ten day~ in acl~•anre ot the expiration o[ each policy, to dellvec to sntd 1?tortgages I s reneival thereof, to/~ethv with a receipt tor th~ pr~mium ~f .nrh rPnewnl: and there shall be no such insur- f ance placed on any of y?td buildin~, any interest therein or part thereot, unlera in the torm and with the to~s payable as a[oresaid; ~u?d in the e«nt any aum of money become~ p~ysble under auch policy or policiea said ~ Mortga~ee shall have the optiun to recei~e ared apply the aame en account ot the indebtedness aecured hereby or ~ to permit said MortRa~[or to recetve nnd uce it or any pa~t thereot tor other pur~wxs arithout thereby waiving ' or impalring any equity, lien or riRht under or by virtue of this mortgage; and in the event eaid ~iortgagor shall ; for any rensoa [nil to keep the said premi~es so insur~d, or fafl to dellver promptly any o[ setd policle~ ot ; ~ fnsurance to s:ud aiortRaRee, or fail prompUy to pay tnlly any premium theretor. or in any re~pect fail lo per- f ` form, discharRe, execute, e[fect, complete, comply a~th and ebide by this covenant, or a.ny part hereot. ssid AtoKg- ~ ~ aRes may place and pay for such innurnnce or any part th~reof withnut wafving or atfectjng any option, lien. j equity or riKht under or by ~ irtue of this mortRa~e, and t1u~ fu11 ~mount of each and every auch psyment ahall ; be immediately due and pa~•able nnd shall bear intorest from the date thereot untll paid at the rate ot ten per i centum per annum und together with such lnterest shall be aecured by the Uen oI thts mortgnge. 4. To permlt, commit or sufter r.o Naate. Impairment or deterloeatlon o! safd propertp or any pnrt thereof. - 6. To pay all and sinRular the costs, chergea a~d expenxs, includ~ng re~onable lawye~'s tees and ca+t of ~ ab~tracts ot title, tncurred or patd nt any tlme by aald 1?tortgng~e oecaux andior in the event ot the tallurs ~ oa the part o[ :he ss(d MortRagor to d~ily, ~rort~ptly and tully pertorm, Gtscharge, esecute, efteet, complete, ~ comply wtth and ablde by each and ev~r~ Lhe sttp•~Iatinns, agreementa, conditlone snd covenxnts of aald promL~- ~ sory note. and thi~ mortRage, any or elth.r, u?d ~atA ooat~, ch~rge~ and expen.x~„ e~ch and ~v~ry, rhwtt Ae Im- mediately due an~ payable. whether or not there De not~ce, demand, wttempt tu collect or ~ult pending: and ths E l1iL amount o[ each and every such payment ahall bear intereqt trom LAe dats Nereof untU pR1d at the rate ot ~ ~ ten per centum per ar~num• and all nafd coata, charges and expemss w lncutred or pald, together with such in- f tereat, ~hall Ds secured Dy ths llen ot Ws morigage. € . ~ ~ ~'~j ~66 PacE 9$4 ~ ' ~ _ . - - - - - - _ ~ _ '