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HomeMy WebLinkAbout0289 . I and shall perjorm~ comply icith and abide by each and every the stiprtlationa, agreements, conditio~ia und cov6nants o/ said promissory note......a~:d of thia deed, then this deed and the estate thereby created shall eease and be nuU a»d void: l. The Mortgapor hereby covenants a~ed ngreea: (a) To pay all and aineular the principal and intereat and the varioua and sundry suma oj money payable by virtue oj the above descrebed pmmiasory note._.._; and thia mortga~e, and any and all ~-enewals o~ the same, or any part thereof, and also any artd all other loana andJor advancements which may be made by MortDagee to Mortpagor, pro~nptly on the daya respae- tively the sama several~y become due. . (b) To pa.y au and sing?ular the taxes. assessments, le~,~ies, liabilities, obligations and enczem- brnnces of every ~ucture, on said described property each and every, and ij the same be ~eot I promptly paid the Mortgagee r~iay at any time pag the same ~riihout :aaiving or af jectinp !he i uption to foreelose or a~:y right hereunder and every pa?/ment so mada shaU bear interest frn~n ' the date thereoj at tlae rnte oj._.ten..___._.._pe.~. centum per annum. (e) To pay all and six~ular the eosts, cha.rges and expenaes, ineluding luwyer's fees and abs- iract costs reasonabiy ineurred or paid at any time Iry the 1~iortgagee because o/ the failarre on the part of the Mortgagor to perjorm, comply with and abide by each und ever~ the stipulatiores, agreements, eondition$ and cotenants of said i»debtedneas and said promissary note._..._and thia deed. or either, and every aecch payment shail bear inferest jro»i. dut~ at the rate oj_.....tEp_.____. ~ ' per eentum per annum. (d) To ke.ep the buildings noiv or hereajter on said land insured «gainst loss by fire and urind- ~ i storm in a sum not less than ~LLll_.._I.11.S11r~db~9n a eompany or eompa.r?ies aceeptable to the Mortgagee and the policy or policies shall be held and pa~able to the MQrtpaBee. I». the eient any sum of ~noney becomes payable under such policy or poticies, the Mortgagee skall have the op- tion to receive and apply the same on accoun.t of the inde6tedness herebv secured, or to permit . i the Mortpapor to receive and ~~se it or any part thereof jor other purposes, with.out thereb~ ~ wuiving or impa.iring any equity, lien ar right under or by virtue of this deed, and the hiort- ~ gttgee ~nay piace and pay for such insurance or any part thereof without waiving or affeeting ~ the option to foreclose or an~y right thereunder, and each and every such pa~yment shall bear ~ ~ interest frnm date at the rate of.._.__~.en._....._per centum per annuirc. ; (e) To permit, eommit or sujj~r no waste, impairment or deteriorntion oj said praperty or ~ ! any part thereof. ~ ~ (f) That if any of said sums of money herein rejerred to be not promptl~/ and f ully paid u~ith- in_._~e~_ days next after the same sei;erally becomes due and payable, or if eaeh and every the ~ stipulations, agreements, conditions and covenants of - said promissory note and this deed, or ~ either, are not juily performed, complied avith and abided by, the said aggregnte sum mentioned t in aaid promissory note, and any reneual thereof, and aU indebtedness from biortgagor to Mort- ~ pagee, shal! become due and payable forth~uith, or thereafter at the option of the ~l~lortgagee as ! i jullU and completely as ij the said aggregate sum of said indebtednesa and said promissory note i~ Tvas originally stip:~lated to be pctid on sueh day, anything in sa.fd promissory note or herein to ~ + ~ the contrary notwithstanding. ~ ~ (p) That in order to accelerate the maturit~ oJ the ind.e6tedness hereby secured. because of the ~ failure of the Mortgragor to pay any tax, assessment, liability, obli~ation or eneumbrnnce upon t~ said property, as heretn provided, it shall not be necessary nor reqi~isite fhat the ~tilortgngee j~~ shaU first pay the same. (h) To perjorm, comply avith a~td abide 6~ each and euery the stip:elatio~:s, agreements, con- ditions and eovenants in said promissorf ~:ote und in this deed set forth. The l±en hereof shall extend to and inclucle the icse, rents, and projits oj said .~remises, but the ~ ~ltort~agor shall haze the righf to remain in possession of said premises and enjov the i~,se, and to receive ~ the rents and nrojits thereoj, zvithout uccountitt~ to the Mortgagee therejor, so 1on~ as there shnll be no ~ dejault hereunder, proi•ided that tn the ecent of an~ sueh default hereunder jor a periocl of_._t.~A__._.__._ dar~s, the ~iortgagee shall be entitled to the possession and use oj said mortpaged premises, and to re- r'~ ~ ceive aitd apply the net rrnfs a?~d ~rojits f1iereof, ~~pon. a?id tot~~cerd the payment o f tlie indebtedness he?•e- ( j h~ secured. f 3. In th~ et~cnl there shall be filyd a Gill to foreclose this deed, the plaintiif shall im~itediatet~ ~nd ; tcithor~t ~iotice be entitled to tlce appoirrh~:e~:t of a receiLer jor the »iortya~ed pruperty a~td tlie re~rts, ~ ; i~ eriruin~s, issu~s, ~~tcome tvtd ~?ruJits tli~?•e~~~ a~:~it)~ the ics~uel ~ni~~er o/ receivers in suclt cases, and ct~ch I ~i re~eet•cr may Le co~ttintrecl in poasecsiu~t oj Said prupertJ ctitd nj said renjs, earni~tgs iscr~es, i~tco»ie c~nd I ~?rojit4 oj sttir/ propert f~lu'rin~ the ~?rndenc~ oj s~~ch joreclosi~re suit, ancl fhe <<Iortqayor hereb~ speci- ~ ~i~nll~~ tt~aej•ec the rinht t~ ~~1,i~rt to srcclr rr~,poi~rhnent a~rd cons~nts that svch a~oi~t me~ J I~ - 1~1 t tt shaR LF mnde e~Kzss ~~f 288 f r• .