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Home My WebLink About0404 * and shall duly, promptly and tully perform, discharge, execut~, eftect, completP, comply with and sbide by esch and everp the stipulations, agreementa, cond~t~ona an~i covenanta o[ said prum~ssory note and of this mortgage, then thia mortgage and the eatata hereby created shall cease and be null ana vo~d. It u understood that each of the worila. "note." "mortgagor" and "mortqagee" respectlvely and Lhe pron- ouna refernng thento. whether in the singulsr or plural anywhere in thi~ morigage. shall be singular 1t one only . and ahall be plural Jointly and severaUy, it more than one, and ahall be masculine, tem~nine and/or neuter. wher- ever the context ao implies or admits. Md ~aid Mortgagor for himxlt and his heir~, legal repreaentativea, auccessor~ and asslgna, bereby eoven- ants ana agree~ to and wlth said aiortgagee. his legal repreaentatives, successors and as~igne: 1. To pay W and aiagular the principal and intereat and the variou~ and aundry suma of money psyable Dy virtue ot safd promissory aote, snd this mortgage. each and every. prompUy on the days reapectively the same aeverally become due. 2. To pay all and aingular the twcea, asaes.aments. levies, liabilitie~, obli~ation~ and incumbrances ot every i ~ nature and kind now on said described pmperty, and/or that hereafter may be impoaed, au[fered. placed, levied ! or asseaaed thereupon, and/or that hereatter may be levied or ~ses~ed upon this mortgaqe and/or the indebted- i ness secured hereby, each and every, when due and payable acrnrciing to law, be[ore they become delinquen~ ! and betore any Interest attaches or any penully is incuned; and in so far as any thereot is ot reCOrd the ~ams ~ ahall be prumpUy satia[ied and discharged of record nnd the o~ginal of[~cial document (auch as. for i~~s[ance, it?e ta~c nceipt or the setiafaction paper officially en~iorsed or cerlifiedl ahall be placed in the hands of aaid Mortgagee within ten days next atter payment: and in the e~ent that any thereof is not so paid, satistied and ` dfscharged, aaid 1?Sortgagee may at ahy time pay the same or any part thereof v?-ithout wai~~ng or affecting ~ any opti0n, llen, equity or right under or by ~•irtuP of this mortgage, and the fuli nmount of. each and everq auch payment sha11 be immediately due an~1 ~~ayable ~nd shall bear interrst from the date thereot until paid at the rate of ten per centum per annum and to~ether w~th such interesl shall be aecured by the Ifen of this mortgage. 3. To place and continuously keep on the bu~idin~a now or hereafter aituate on said land fire and wlndstorm in~urance fn the waual standard poticy [orm, in a sum not les~ than s .............NJA....... in auch com- pany or comp^nics as may be approve~i by cai~l btort~;a~ce: an!i all such insurance p~licies on any ot said build- ing~, any intereat therein or part thereot, in the a~fire~ate sum atorPaaid or u? excess thereof, ahall contaln ths ~ usual stas~dard mort~agee clause makmA the lu~s ur.dor aa?d policirs, ea~h and every, payable to said biortga. gee as his interest may appear, and eRCh ar.d e~•pr}• siu•h policy shal! be promptly delivered to and held by eaid ~ l?fortgagee; and, not lesv than ten days in ad~•an~e nf the Pxpiration of each policy, to deliver to said Mortgagee a renewal thereof, toRether v~•ith a receipt t~r thp prpmium ~f vurh Mnewal: and there ~hal) be no auch insur- ance placed on any ot said buildinRs, any interest therein or pari thereot, uNe.gs in the form and wfth the loae payable as atoresaid: f?nd in the e~•ent any sum of money becomes payable under si~ch poUcy or policiea aaid MortRaRee shall have the option to receive and appiy the aame on account ot the indebtedneaa aecured hereby or to permit said MortRagor to recelve and use it or any part thereo[ for other purnoees without thereby waiving or impafring any equity. Ilen or riRht under or by virtue ot this mortgage; and in the event said Mortgagor ahall ~ for any reasoa [ni1 to keep the said prem~~~s so inaumd, or tail to deliver promptly an~ of said policiea o! fnsurance to said DiortgaAee, or fail promptly to pay tolly any premium therelor, or in any reapect fall t~? per- ~ form. diacharge, execute, etfect, complete, comply H~th and abide by thi9 co~enant, or any part hereof, eaid Mortg- ~ agee may place and pay tor such insurance or any part thereof withnut a~aiving or atfecung any option, lien, ~ equity or right under or by virtue of thi~ mortRa~e, and the full amount ot each and every auch payment ~hall be fmmediately due and pa~able and ahali bear intorest from the date ther~ot untfl paid at the rate of ten per ~ centum per annum and together with auch interest shall be eecured by the lien ot Ws mortgage. ~ 4. To permft, commit or sutter no K~te, impairment or deterloratlon of sald property or any part thereot. ~ 6. To psy W and singular the cwte, charge~ and expen~es, including resaonable lawyer's tees and cost ot ~ abatracts o[ title. fncurred or paid at nny ttme by aafd Mortgsgee because andior in the event ot the tallurs ~ on the part ot the sald Mortga~or to duly, promptly and tully perform, dlscharge, execute, effect, complete, compl~ w~th and aDide by esch and every the atipulationa, agreements, condiUons and covenants ot eaid promis- ~ wry note. and Ws mort~?aRe. any or either, and ~xid costs„ chargea and expenses, each and every, shsil be !m- . mediately due and payable, whether or not the~ be notice, demand, attempt to colkct or sult pending• and ths ~ iW! amount ot each end every such payment shall bear intereat irom ths date thereot untU pald at the rate ot + ten per centum per annum; and all sald coeb, chargei and eupeases w Incurred or paid. Wgether wfth aucb fn- tereat, ~hall Ds aecured by the Ifen ot thb mortgage. ~ ao~2Ei8 ~ 403