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HomeMy WebLinkAbout0020 ; i Note attached as ~chibit A hereto and made a part hereof. ; and shall duly. promptly and fully perform, dixharge, execute, cftect, complet~, ~omply w~th and abide by each , and everv the stipulations. agreementa, condltioi~s ar~d covenan[s o[ sa?d prum~saory note and ot Lhu mortgage. then this mortgage and the eatate hereby created shsll cease and be null and ~~o~~L It i~ underatood that each ot the wonfs. "noie." "mortgagoY' and "mortRagee" respectively and the pron- ouns referring thereto, whether in the aingular or plural anywh~re in thls mortgage, sshall be aingulat i[ one only and ~hall be plural jointly and ~everally, it mure than one, and shall be ~na.4culine, feminine and; or neuter, wher- e~er the context so implien or admits. . , And sald Mortgagor for Mmselt and his heirs, legal representati~e~, successora and assign~, hereby coven- anta arw agrees to and with eaid I?tortgagee. his legal reprraentatives, succeavors and assigns: 1. To pay all and aingular the principal and intereat and the various and aundry suma of money payaDle b~ virtue ot aaid promissory note. and this mortgage, each and every, prompUy on the days reapectively the same aeverally become due. 2. To pay all and singular the taxe~, asses.ements, levies, IiaDil~tie~, obliRationa and incumbrance~ of e~ery I nature and kind now on said described property, andlor that hereafter may be impo~ed, auftered, placed. Ie~~ed _ ~ or asseaaed thereupon, andJOr that hereafter may be lev~ed or asses.ved upon this mortgage andlor the indebted- ness secured hereby, each and every, v~hen due and payable according to law, betore they become delinquent, ~ and betore any interest attaches or any penxlty is incurred; and in so tar as any thereot is of record the same ~ shall be prumptly satisfied and discha ped ot record xnd the onRinal off~cial document (such a~, tor inatance, ihe tax receipt or the satisfaction paper of[icially en~forsed or certi[iec1~ ahall be placed in the hands of said Mortgagee within ten days next atter payment; and in the event that any thereot ~s not so paid, satisfied and discharged, said 1liortgagee may at any time pay the same or anv part thereof ~+ithout wai~~ng or a[fecting any option, lien, equity or nght under or b~• ~'~riuo of this mort~agc, and the tull amount ot each and every ~ such payment shall be immediately due and pay:~h3c and shal! bear inter~st from the date ihereof until paid at the rate ot ten per_ centu?n per annum and t~~~eth~r K~th such interest shall be secured by the lien of thi~ mortgage. 3. To place and continuously ke~p on the bu~ldm~a now or hereatter aituate on said land fire and w(ndstorm lnsurance in the usual standard policy form, in a Qiim not lesq than j . Maximum ~uch com- . pany or comp^sies as may be approved by ~as~l Mnr?;,•a~~•e: am! all 9uch insunnce policies on any of ~nid build- inga, any intereat therein or part thereof, in the a~;rr~ate aum a[orPaaid or in excess thereof, ~hall contain the usual aLandard mort~agee clause makinR the 1u:9 ur.~ir~ said policiea, each and ever3, payable to said Atortga. gee as his interest may appear, and exch ar.d erP:~• s~n•h ~~licy shail be prompUy delivered to and held by aaid 1?lortgagee: and, not less than tcn days in adt•anre of the Pxpirat~~n o! eACh policy, to deliver to snid I?fortRaRee a renewal thereof. toRether v~ith a receipt t~r thP prpmium nf at~rh r~rrewal: and there shal! be no such insur- ance placed on any of sald buildinRs. any ~nterest thercin or part thereot, unle~ in the form and wfth the loss payable as atoresaid; and in the e~•Pnt any aum of maney becomes payable under snch policy or policies said _ MortRARee shall ha~•e the option to recei~•e and apply the same on account of the indebtedness secured hereby or to ~rrmit aaid MortQa~or to receive nnA u~e it or any pArt thereot for other puriw~es a*ithout. thereby waiving or impairing any equity, lien or riRht under nr by ~•irtue of thia mortgage; and in the event said Mortgagor 9ha11 for any rPnso:? tn~l to keep the said prem~s~s s~ in~ur~A, or tail to deliver promptly any ot said policiea o! insurance to sa~d ]1t~rtga~ee. or fail prompily to p~~ t~~lly :tny premium theretor, or in any res~?ect Iafl to per- ~ form, dischar~e, earcute, effect, complete, comply u~th nnd abide by this covenant, or any part hereof, aaid Atortg- agep may place anA pay for siuh in~urance or any part thereot ~vithnut v~aiving or attecting any option. liPn. equ~ty or riRht under or by ~•irtue of thia mortRaRe. and the full av~ount of each and every euch payment shall be fmmediately due anA parable and shali bear in!Prest from the date thereof untll paid at the rate of ten per ~ centum per annum and together with such fnterest ~hall be aecured by the lien of thls mortgaqe. ~ 4. To permlt, commit or n~tfer no Ha~te, ~mpairment or deterloratlon ot aald propert~ or any part thereof. ~ 6. To pay atl and ainRular the co~t~, charRes dnd expen~ea, including reaaonable lawyere tees and cwt of abatracts ot tfUe, tncutred or paid at any tfine by aa{d 1ltortgaRee because andior In the event ot the fallure on the part o[ the safd MortgaRor to duly, promptly and fuily pertorn~, dtscharge, eaecute, effect. complete. comply vrith and abide by each and every the ~tfpuiation~, agreements, condiUona and covenants ot aaid promis- - ~ory note, end thls mortgage, any or either, end ~xid costs, charge~ and expensea, each and every. shnll be Im- mediately due and payable, whether or not the~e be notlce, demand, attempt to collect or sult {+ending: and the iWl amount o[ each and every auch payment nhall bear interert trom the date thenof until pald at the rate oi tea per centum per annum; and all safd costa, charges and expeme~ w lncurted or paid. togethcr Ryth such !n- terest, ~hW Ds secured by ths lten ot Wa mortgage. a~K 268 ~ ~ 20 - , ; - L _.Er~.S~c.~+`~-';-"'r a°.,-v.~,vz~" . , .