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Home My WebLink About0790 1 See Exhibit "A" attached hereto and made a part hereof. ~ ~ . ; ~ . ; . ( - . ~ ~ . ~ ~ and shall duly, promptly and full~ perform. discharge. execute. eftect, compleee, comply Nith and abide by each and e~ery ~ the stipulations, agreements, coudiiioos and co.•enanes ot said promissory note and of this mor~qage, then this mortga~e and i the estate hereby rreated shall cea~e and be null and ~•oid. ~ It is understood that each o[ the words. "note;' "mortgagor" and "moregagee" respecti~•ely and ehe pronouns referring ~ i thereto. Mhether in the singular or plural an~~rhere in this mortRaqe, shall be singular it one onl}• and shall be plural jointly ; and sererally, if more than one, and shall be masculine, leminine and/or neuter, wherecer the context so implies or admits. ~ And said ~tortgagor for himselt a~~d his hein. legal repre~entati~•es, successors and assigi~s, hereby covenants and agrees _ to and with said \tortgaget, his legal represent~ti~es,, successon and asciRns: 1. To pay all and siny,ular the principal and intcrest and the .•arious and sundn• sum~ ot moncy pa~able by virtuc of said promiswry note, and this mortgage, each and e~•er~•, promp~l}• on [he da~~s respecti~~ely the same se~erallr become due. ~ 2. To pay all and singular the taxes, assessments, levies. liabilities, obliqations aud incumbrances of e~•ery uature aud ~ ' kind noN on said de,cribeci propetty, audjor that hereafter may be impused. suffered, placed, le~•ied or auessed thereupon, } ~ and/or that hereatter may be le~•ied or assessed upon this mortqaRe aud(or tlie iudebteclness secured hereb~~, earh and ecen~. i ~ when due and pa~~able accordiu~ to laM, before the; become deliuquent, and before an}• iut~rest attachec or auv pe~ialty is s incurred: and in so [ar as an}' thereof is ot record the same shall be promptly satisfied aud discharkcYl o! record and the or- . ~ iginal o(ficial document (such as. (or instance, the tax receipt or the sati~(action p:y~er o(ticiall~• eudorsed or certitieel) shall g be placed in the hands of said \IortRagee within ten days next after pa)ment: and in the e~•ent that an~• thcreot is not so ~ paid, satisfied and dixhuged, said \lortgagee may at an~ time pa~~ the same or a?~y part thereof Michout wai~•inR or af(ecc- inq au}' option, lien, equity or riqht unJer or b}• ~•irtue of th~c mortqaRc. and thc lull amouut of rach aud e~erv cuch pay- ment shall be immediately due ai~d pa}•able and sl~all Imar interest from thc datc tLrrrnf uutil paid :it che satc of tcn ~?e•r centum per anuum aud toRether with such interest shall be secured be the lien o[ this mortgaRe. 3. To place and continuousl~ keep on the buildings noH or herea(ter situate on said land [ire aud r+•ird•torm insur- ance in the usual standard polic}' [orm, in a sum not less than the Li;hest insurable calue, in such com~~any or companies as may tx approved by said ~tortgaqee: and all such insunnce policies on an}• of said buildi~~j{s, an~• interest therein or part thereof, in the aggregate sum a[o:esaid or in excess thereo[, shall contain the usual stau~tard mortgagee dause making the lots under said policies. each and e.•en. pa~~able to said ~IortgaRee as hi~ interest may appear, and each and e~~er~• such policy shall be prompdy delivered to and hcld by said \(ottqaqce: and. not 1ess than ten da}•s in ad~•ance of the ex~iration o[ each policv, to deliver to said ~lortqaRee a renewal thereof, together with a mceipt tor the premium o( sucL reue~val: and the:e shall be no such insurante ptaced on any o[ said buildings, any interest therein or part thereof, unlecs in the form and ~+ith the loss payable as aforesaid; and in the ecent an~• sum o[ money becomes paJ•able under wch policy or policie~ said \TortRaRee shall ha~e the option to receice and apply the same on account o( the i~idebtedness secured hereb~• or to permie said ~IortRa- gor to receire and use ic or any part thereo( for o~her purposes Kithout thereby wai~•in~ or impairinp am• equity, lien or right under or b) ~irtue o( this mortgage; ~nd in the e~~ent said \iortgagor shall [or any mason tail to keep the said premi.cs ;s so insured. or fail to deliver prompdy any of said policia ot insurance to said ~fortgaqee, or fail promptly to pa) (ullc auy ~ premium therefor, or in any respect fail to perform, dixharge. execute. e(tect. complete, compl~• Nith and ahide by this co~•- p cnant. or any patt hereof, said Afortgagee may place and pay for such insurance or any part chereoi without waiviug or ~ ~ af(ecting anr option, lien, equity or right under or by virtue of this mortgage, and the full amount of each ai~d every such ~ payment ahall be immediately due and payable and shall bear interest [tom the date thereo[ until paid at the rate of ten per centum per annum and together with such interest shall be secured by the lien of this mortgage. • ~ 4. To permit, commit or wffer no wute, impairment or deterioration o( said propert~ or any part theteof. ~ 5. To pap all and singular the cosu, chargts and expenses, including reasonable lawyer s fees and cost of abstracts of ; tide, incurred or paid at any time by said Afortgagee because andlor in the ecent of ehe (ailure on ehe part of the said ~ ~toreqagor to dulr, prompdy and fully perform, discharge, ezecute, ef[ect, complete, comply with and abide by each and ~ every the stipulations, agreemenu, conditions and covenanu of said promissory note, and this mortgage, any or either, and ~ ~ said costs, charga and expenses, tach and every, shall be immediately due and payable, whether or not there be notice, de- , ~ mand, attempt to collect or suit pending: and the tull amount of each and evety such payment shall bear interest fmm the date t6ereof until paid at the nte of ten per centum per annum; and all said o~sts, charga and acpensa ~o inevrted or paid, toqeeher with such interuc, shall be xcured by the lien of ehis mongage. ~ aooK 279 PA~E 789 ~ ~