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HomeMy WebLinkAbout0944 1. To pay e~ll and aingulas the principal and interest and other aums ot money payable by virtue ot said promisrory nole end auch further aum or aums of money~ ii any. as the said pa rty oi the second psrt may advance to the part_1P..S of the fint part prompdy on the days respectively tha same aevarally become due. 3 , 1 2. To pay all and sin~ular the taxea~ sasesaments~ levies~ liabilitiea. obligationa and encumbrances oi every nature on ~ said described prope~tiee. and if the same De not pmmptly paid the said party oi the second part. its succeasora and ssaigns may at any time pay the same without waiving or affecting t he option to foreelose or any right hereunder. and every pay- i ment w made ahall bcar intereat irom the date hereof at the rate of 9$ percent~ Y?er annum. ~ 3. To psy ell and singular the coats, chnrgea and expenses. including attorney's fees. reasanably incurctd or paid at any i time bY aaid party oi the ~cond pArt, its succeasors. legal repreaentativea or asaigns~ because of the Isilure on the part of the saiJ ~ i ~e~ 1@3oi the firat parE~ their 8ucceasora~ legal representatives or assigns, to perform~ comply with and abide by each 1t and every atipulation. agreement. condition and rnvenant of sa id promissory note and thia deed. or either. and every such pay F ment shall besr interest from date at the rate of 9 percent, per annum. ` ~ , d. To permit~ commit. or autier no waste, impairment or deterioration of said property or a~y part thereoi. ~ ~ 6. To perform~ comply with and abide by each and eve ry the stipulationa, agreemonta, conditions and ~ovenants in ~ said pmmissory note and in this deed set forth. ~ y 6. If any of said sums of 7noney herein referred to be not promptly and fully paid veithin days next after the ~ same severally become due and payable, or if each and every the stipulations, agreements. rnnditions and covenants of ~ said ~ promissory note and thie deed. or either. are not duly periormed. complied with and abided by, the said aggregate sum men- tioned in said pmmissory note~ shall become due and payable iorthwith. at the option of the party of the second part. its . succesaors, legal representatives or assigns~ as fully and ecmpletely as if the said aggregate sum oi $20, or the advances heretofore referred to was originally stipulated to be paid on such day. anything in said promissory note or notes later to be eacecuted and aecnred hereby. or herein. to the contrary notwithatanding. 4 7. To keep the buildings now or hereafter on said lands insured in the sum not less than $2Q~000.0~ _ dollars in a company or companies to be appmved by the said party oi the second part, its successors, legal representati~es or ; assigns, and in the event any sum oi money becomes payable under such policy or policies, the said party of the second part, its successors or assigns, shall have the option to receive and apply the same on account of the indebtedness hereby secured or to permit the patties of the first part to receive and use it, or any part thereof. for other purposes, vrithout thereb~ waiv- ; ing or impairing any equitp lien or right under or by virtue of this mortgage and may place and pay for such insurance or any part thereof without waiving or affeeting the option to foreclose or any right hereunder and each snd every such payment shall bear interest at the rate oi percent per annum from date. + ~ - 8. In the event it becones necessary to foreclose this mo rtgage, parties of rthe firat part agree tn lhe appointment of a ~ receiver, to conserve the renis and profits securing from or derived from the above described propertq. ; 3 - i ~ i } ~ ~ _ ~ ~ ~ t ~ • ~ ~ t ~ ~ ~ " ~ ~ ~ have their s s ~ ~ IN WITNES3 WHEREOF, the said Mortgagor hereunto set hand- and seal the , day and year first above written. ~ ~ ~ , ; ~ Signed, sealed and delivered in the presence of: • (SEAL) ~ .s 1~/uLc ~w \.:~F~Gs~t.~ ; `~~I d'~4~ EAL) ~ ~ Y ' ; ~ ~ ~ BOOK ~ ! O PAGE a~~ ~ ; ~