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HomeMy WebLinkAbout0651 ~ ~d ahall duly. promptly and tuliy periorm, d,xharge, e:ecute, ettect, eomplet~. .:omply Mnth and .ma. er and everv the stipulationa, agreements, cond~tion~ ana covenan4 ot said prom~aaory note snd p[ this morttaj~ thes~ thi~ mort~ag~ and th~ estata A~reDy created shzll cease and E~ null atw voed It is und~~stood that eacA ot th~ wonls. "note," "mortasgor" and "martgaae~ reepectlrely and th~ proe. ouns relerrin~ thereto. whetA~r in th~ ~ingular o~ pl~~ral anyarhere in lhb mortgage, shall M singuLr it on~ oNy and ahal! De plural ~ointly and uverally, i( mure than on~, ~nd sAaJl be masculin~, temiMn~ a~tid/or neuter, ~rh~t~ ever th~ context so implies or admits, ~ Md atld Mortgagor tor himselt and his hein, legal representatices,, successon and wi~r~s, Rereb~i eov~n- anta arw ag~ees to and with uid Diortgsgee, Ais legal reprrsentativea, successors and aasisns; L To pay W and singular ttu principsl and lntere~t and the varlow and aundeq sums ot moner psyaDl~ Dr vtrta~ oi sald ptomis~ory note, and thia mortga~e, each and every. promptly on tht dayi reapactively tbs aanu a~verally becom~ dw. To pay all aad singular Ne t~ces, avessments, levies, liabilitiq~ oDtiRations and [ncumbrancp ot ev~r~ ' natun and kind now on aald dexnbed property, ~nd,~or that Rerea[ter may be impo~ed, sutfered, placed. levied E or assessed thereupon, and/or tlut here~fter may br Irvied or uxssed upon this mortgage and/or th~ indebted- , nes~ secured hs~eby, each and every, w~en due and payable according to law, before they Decome delinquent~ ~ and b~(ore any intereat atiaches or any penalty ~s ~ncurred; and in so C~r aa any thereot i~ of record lhe ~am~ ahall be prompUy satisfird and d~sc??arged ot record and the onEtinsl o([~cial document (such a~, tor instance, ~ :he tax rece~pt or the satiafac4on paper otticeaEly enJor~rd or certlfiedl ~hall be placed 1n tt:e hand~ o! aaid Mortgagee within ten day~ next after ~ayment; and in the even: that any thereot is not so paid, sstiutied anQ ~ discharged, aaid biortgagee may at any time pay th~ s1n?e or any art there~f aithout wai.i ,e _ P ra or a[[ectins 6 any opt~on, lien, equity or riRht undrr or b)• ~~rtu+ o( th~s mortgagr, and the [ull amount oL eaclf ar.d every ~ such payment ahall be immed~ately ~fue an~i ~ayabie and shall benr incerest trom the date thereo! untll paid ~ at Lhe rate o[ ten per crntum per annem and t~~ethPr w~th such mtere~l ahall be aecured by the Len ot thia ~ mortgage. 3. To place and continuously ke•p on the bu~id~r~. ~ now cr he~eafter altuate on 9aid land tIre and ~vindstorm ~ in~urance ~n the usnal stan~lard pnl~cy fnrm, in a s~~r~ r.~~t_les~ than S.3.~.~.qOQ_•.~~ ~ 1n ~uch cu~- pany or comp^a:cs a~ n;ay bP appr,.vrJ Gy sa:~i ~:~,rr~~,-,~e: an t ati ~uch insur:!nce policie~ on sny ot eaid build- InF~, any intere~t there~n or part th~reof. ~n th~ r~,^_~r~•~.ete ,eum aforaasd or tn excc» therenC, ~haU contar~ the usual standard mort~ag~r ctause maYinR i?~e t~~~o ur~i~•~ ~13d po~:c~e~, e~ch and every, pa}•aDle to s~iJ I~tortga- gee as h:9 ~nteresi ma~• appaar, an.i r~ch a:~! ~~r.-~• c:~~ h p~dicy ahifl De pmmptly d~li~•ered to and heid Dy aaid l.iortgagee: and, nat 1~•~~ than ten :iay~ in zci~•an~e ~f thr •xp~rit~on of each policy, to deLver lo cTid blort~aRee a rene~val thereo!, toe~•ther v~•1th a re•~c:p! t~r thN (~rPil~{IIIT1 +:~~•h ronewRl: ~nd th~re ~!?NI be no ~uch insur- ance placed on any vf ~a~d LwIJinK~ x:,r ~r.;rrr.t inrr~ n or p~rl ihe~cof, uNe:~~ in the torm and wlth the lo+~ ~ pa~•adle aa at~resalc:; and ~n tre e~Pnt a.~y sum ot money Grcome~ payeble under ~nc?1 pullcy or poIic~e~ said ~ Dtort~;a~;er shall ha~•e the opt~~m tc, rrre~.e and :.~~f~~~ the aarue on acc4unl of tAe fndeDtafrte~~ securr] hereby or ~ t~ prrrreit ~ald Aiort~aQor to r~rei~~ and u~r ~t cr any ~+nrt thereol for other purnone~ vinthout thereby wa~ving ~ or ~mpairing any trJuity. lien or n~ht under ~~r by ~•~rtue of thi9 morlgagr; and in the e~~ent saed ~tort~aKor ~hall tor a~y reasm f~il to kP~p th~ s:~i;! pr~mi~~•s r•, ur~ .1, or fait lo dalit~ti prompUy sny o[ sAid pOticie~ ot Insur~r.ce tn s,~d `turt~;~.~~ fa~! ~•rurnpily t• i• f~:~ly ar~y premiam theretor, or in any re~pcct tall to per- ; torm, d~s:hxr~e, execu,., e(fect, eornrlet~. com~,13 ~ti~ch r.nd aAnfr by [h~~ eo~•ensnt, or ~n)• part Aer~of, aaid ~tortg- aZt~ maY D~~~~ end p~y tnr such in!uran:t or :inv part th~r~nf withnut ~eai~~nF O~ at(ttiin~ any option. Ii~n, eqwty or nRht under nr Gy ~•~rtue uf th:~ mnrts:a;_~•, ar.J th~ fup ~mount o! ~ach and every snch payment ~Aalt De immed+n!ely du: and pacaLl~ rnd ahn~l boor ~n~~~r~~t ~rom ihe Qete then~l untll piid at lhe rate ot ten per ; ~ centum per a^num nnd to~eth~r vvith +uch Intert,t aha11 be +ecured by the Gtn o[ thb mortgaRe. + ; _ j ~ 4. Tu permlt, commit or wtt~r no e.,;f, ~r~s~3~rRlrA~ or deterforatlon ot sald propert) or any psrt tnereot. r - ~ 6. To pay all and ~inRut~r tte co.t~, chsr~e~ en~f exp?n~e~, inc2uA~n~ reaaonsDle lawyer'~ fee~ •n~t eo~t of < ~ aE~tratte of title, tn~~~rnd or paid at 'any t:me by »Id ,1~~rtgaR~• becRUSe •nd~or ln the event of the fw!!we ? ~ on the part o[ the said ~tonRaRor to A~~ly. prnmptly and N~1•~ pcrform, dtseRarRe, execute, et(ect, comptets~ comply kith and sbfde by each ~nd e~~.ry tne a.~pul:.;ir~n~, sgreement~. eonditlona wnd tovenwnta ot sa~d proml~- ~ sory not!, RnA thi~ mortRaRe, any or eitn•r, ai~n ~:i1J coat~, crarg~~ and expensee~, eacA and erery, sh~ll De Im- ~ med~eLrty duc end pw}•AOte, whe[h+? or not tner• b_ not~ct, demnnd, attempi to collect or ~Wt pending- and the full amount ot earh anA evtry ~ucA p~ymrnt ahRll Dewr ietere~t trom th~ d~ls thereot untU pald •t th~ rate of ten per centum per annum: and all astd ~o~td, crnrRes ?nd ~spen+e~ w ~ncurred or palc~ to~eUer wtth such !n- ~ teree~ ~ha11 De e~cured by ths tten of Ni~ mor:gage. , ~ ~ ~ UR 7Q 80GK ~ , v ~ ~ - - - - - - - _ - M._~_ . , - _ v_ . .