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Home My WebLink About0009 ~ . f and ahall duly. promptly and tully perform. diacharge. execute, eftect, complet~, ewnply wtth and abide by each and everv the stipulatiotLS. agreemenL9, cond~tioru and covenants of ~~ud prom~s~ory, note and ot thi~ mortgage~ then this mortgage and ths eatate hercby created shall cease and be null and ~o~d. It i~ underatood that eacb ot the woetiis. "note; '"mortgagoY' and "mortgagee" respectively and the pron- ouns reterring thereto. whetLer in the singular or plural anywhere in thl~ mortgage, shall be singular iP one only snd ahall be plural joinUy snd severaUy. ii more than one, and shall be masculine, feminine and/or neuter. wher• ever the context ao implies or admits. And said Mortgagor for himxlt and his heirs, legsl repnsentatives, succwora and a9sign~. hereby coven- ant~ ana sgreea to and with aafd biortgagee, his legai representative9. successors and assigna: l. To pay all and singular the principa! and intere~t and the various and sundry sum9 ot money payable by virtue of said promissory note. aad thia mortgage. each and every. promptly on the days respec4vely the same aeveraUy become due. ` 2. To pay all aad aingvlar the tsute~, eu~essments, levies, liabilities, obiiRation~ and incumbrances of every nsture and kind now on said dexribed property, and/or that hereafter may be impoxd, au[tered, placed, IeviM ; or asse~sed thenupon, and/or that herea[ter may be levied or assessed upon this mortgaqe and/or the indebted- ~ ness ~ecured hereby, each and every. when due and payable according to law. be[ore they become delinquent, ~ and betore any intere~t attache~ or any penulty is incurred; and in so fa~ as any thereot i9 0[ ncord the sams shall be promptly sati=Sed and dischareed ot record r~nd the original otficial document (~uch a~, tor instance, ; :he taz receipt or the satiafaction paper ofiicially endorsed or certitied) ~hall be placed tn the hands ot ~aid Mortgagee within ten day~ next atter payment; and in the event that any thereo[ is not ao paid, satistied snd discharged, aaid Mortgagee may at eny time pay the same or any pari thereot v?ithout wai~-ing or affecting any option, lien, equity or tight under or b) ~•irtuP ot this mortgage, and the tull amount ot each and everq such payment shall be immediately due and payable and shatl bear interest from the date thereot until paid at the rate ot ten per centurn per annum and together with such intere9l shall be secured by the lien of this mortgage. 3. To place and continuously kcep on the buildin~~ now or hereafter sltuate on said land fire and windstorm insurance fn the usual standard golicy form, in a sum not less than i._.._. Maximum such com- pany or comp^nies as may be approved by sai.l btort~~~ce: an~1 nlf such insunc~ce policies on any ot said build- ings, any interat therein or part thereof, in the aR~reKate aum a[oreaaid or in excess thereof, shall contain ths usual standard mortgagee clause making the lu~s ur.d~r swid policie~, each and every. payable to said Diortga. gee as his interest may appear, and each ar.d e~~pry si,~•h pc~licy shall be promptly deli~ered to and held by ~aid ]1lortgagee; and, not les~ than ten days in ad~anre of the expiration of each policy, to deliver to swid bfortgagee a rene~val thereat, toRether v?ith a receipt tnr thr prem~um nf a~~rh rPnewal: and there ahall be no such insur- ance placed on any ot said buildinRs, any ~nterest therein or part thereo[, unlev~ in the torm and with the 1099 payable aa a[oresaid; and in the e~ent any sum oi muney becomea payable under such policy or policies said 2?iortga~ee shall have the optiun to receive and apply the game on account of the indebteclnes~ secured hereby or ~ to permit said MortRagor to receive nnd uQe it or any part thereot for other pur~w~e~ without thereby waiving ~ or impairing any equity, lien or riRht under or by ~irtue of thi' mortgage; and in the event said MortgaKor shali ~ [or any re.lso~ [ail to keep the said premiies so in~ur~d, or tail to delfver promptly any of said policies of ~ insurance to sa~d 1ltortgaRee, or fail promptly to p~y tnlly any premi~im therefor, or in any re~per_t tail to per- ~ form, dischar~e, eaecute, effect, complete, comply ~~~th and abide by thi~ covenant, or nnp part hereo[, aaid ~tortg- agee may place and pay for such insurance or any part thereo[ without v?aiving or atfectinq any option. Iien. ~ equi••• or right under or by virtue of this mort~a~e, anJ thc ful! amoimt ot each and every ~uch payment ahall be tmmediately due and payaDle And shall bear intorest trom the date thereof untfl paid at the rate of ten per ~ centum per annum and together with vuch Interest shall be eecurcd by the Gen of th1~ mortgage. ~ To permft, commit or sufter no «a~te, impairment or deterioratton ot aatd property or any part thereM. ~ -6. To pay nll and ainRulnr the coits, charRe~ and expense~, includ~ng re~onable lawyec'e fee~ and co~t ot ab~tracts ot title, Incurred or paid at any tlme by ~ald I?iortgngee becau~e snd/or In the event of the fallure on the part o[ the ssi~ MortgaRor to duly, promptty and tully perform, dfxharge. execute. ef[ec~ comptete. ~o.nplp v~ith and abfde by each and every tht stfpulation~, agreements, condittona and covenant~ o[ aaid prvmf~• eory note, end this mortKaR~, any or eithPr, nnd .alri rnat~, charg~9 wo~i e~ehxa, each wnd ~very, ahRll be fm- medintely due and pwyable, nhether or nul there be not~ce, demand, atlempt to collect or ~wt pending• -and ths ~ ftill amount of eech and eve*y ~uch paytnent sh~ll hear intere~t trom the date thereof untU paid at the rate of ten per centum per annum: and all eatd rn+ta, chnrgea and eapeores so lncurred or pRid. together w~fth auch 1n- terest, shall De eecured Dy the Ilen o[ W~ mortgage. ~ ; _ eoa~267 ~cE . 9 ~ . ~,t~ - ._a