HomeMy WebLinkAbout0088 3. To pay al! and singular the co~ti,tchargea a~tt~xpena~ca, includi~rg lawyer'a /eu, rea-
aonab~ly incumed or paid at any time 6~? iaid MortBogce becauas oj the falur~ on the part oJ the
iaid Mortgagor ta perjorm, compl~? wsth a~rd abid~ by cach and 8uery the atipulatioru, oondi-
tiaries and cbuenants oj ~aid pr~miaaory note and thi~ deed, ar eit~er, and euery iuch payment
aholl bear inter+eat fror?s dota at the r+ate or 8 1/2 Per c~ent. per annum.
4. To JE~ep the buildir~g now or he~ea[ter on aaid land inawe~a~ in a aum not !eu than
0----------- o~(ara, in a rnmpany or c~ompaniea to be appror~ed by
aaid Mortga~ges, and the policy or policiea held bY a~d Pa , bk to aard 11[ortg , and ~n the
aa a~e
euent ariy awn oj money beoomu pa ble weder auch or policiei, the 11[ortgagee aho1~
hdve the option to r+e~c~eiue and apply t~ sanu on acoount oj tht inde6ted~tee hereby aecw+ed or
io permit the, lllorxgagor to nee~iere and use i~ or any part ther~+of, for other purpo~sei, without
_ tlureby uaaiuu~g or im~air
~'g any eqwty lien o~ r~ght wider or 6y virtut oj this mortgcg~, and
- ma~? pla~ and PaY for auch inaumnca or an~? part ther+eof, without waiving or affectu4g the
optan to forecloae or any right herewader, and each and every aach payment ahall bear intensat
~irom date at 'tha rnte o/ -8 1/2 ptr esn~ per annum,
6. Tol rmit, eommit or se~jer no waste, intpairment or deteriomtio,n of said prvperty or
a,ey part thene~of.
6 To per/orm, comply with and abide by each and e~+ery the atipulationa, agreementa,
oo~rditiona and rnuenanta in aad promissory note and in this deed set forth. .
7. If arey oj said srema oj money herein refen+ed to be rto! pmmptly and fully paid within
ten- 10 daya next after the aame seusr+aUy Lecame due and payable, or ije~ach and ~
[ Lec
~ ~ry the ~tipulations. nts, c~onditiona and c~ovenant~ of aaid promus~~r~? not~ and thia
deed or either, ane ieot ~~rformed, ~omplied with a»d abided by the aaid te awn
r.ientione~al in 8aid promisaory note ahall beoome due and p~a~abk fort~Cwith or tJee~~r at the
~ option oj the Mortgagee aa fully ar~d oompletety as if thc aaid oggregate swn of
~ c~iiollara waa or;ginally
atipr~late~ai to be paid on auch day, anything_in said promissory note or henein to the contnary
- notwithatanding. -
8. The ~ortgagee maY, at any time while a suit is pending to fo:+eelose or to reform thia
mortgage or to enforce any claima arising herewader, apply to the oourt having jr~riadiction ~
thereof for thea~
pointment of' a receiuer, and such oourt shall forthwith appoiret a~eiuer o-
tJe~ p~a ancc all other property c~o~er.+~d hereby, including all and ai~gular the inaome, pro~
ita, renta, is8uea and reuenrr~a fi~+om whaieuer sow~ce deriued, and sr~ch receiver shall haue all the .
6nnad and efje~ctiue fu~etiona and poukra in enywise entruatcd by a court to a receiuer and aach
nt shall be n~ade by auch oar~rt aa an adnutted eqr~ity and a matter of abaolrite riight
r
t
g ee, a n
d' wi
t
l
s o
r
~ t ne
ference to !
h e a d
equacy or : n a
d
e
quucy o
f t.
l~
e t~
a l
a
e of t,Jae prop-
erty mo or to the aolvency or ineotue -y of said .~ortgogor or the dejendants, and auch
income, p~+n 'ia, rents, iasues and nevenuea ahall b`e applied by auch re~aeiuer accorderig to the lien
of this mortgage and the pn~ctice of auch ovurt.
_ ~ ~ . : t ~j'~
.
a .
v ~ -
~itltess ~l~ereof, the aaid Mortgagor hereunto seta his hand and seal the day and
y~ear first abot~e t~ritten. . _ _ _ .
Signed, ed and Delivercd in Presence of
. ,
PAt1L M. GREEN
. •
SYL M. GREEN.
•
~ ~
;
_ ~
_ _ _
- __~.r.~,..a_ .__:,w.__~:..~r--~--~- - - - -
_ . _
-
: . ;