HomeMy WebLinkAbout0359 t/u certain J~ronsis~rory ~iotr, of ~uhich. th~ follou•in~ in:aorr~s dnt~ ~V~i~r~s i8 ~rr~P ~opy,
to wit:
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and shall perform, corrtply with and abirle by each and every the stipulQtians, a~ree-
ments, conditions a~ad covenants of said promissory note and of this deed, then this -
' deed ucnd the estate hereby created slucll cease a~nd be nu.ll and void.
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' the sa,id Jlfort~agor hereby covenants cand a~rees:
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~ 1. To pay all an~ singula~ the prineipal and interest and other sums of money
pa,yable by virtue of saeid promissory note and this deed, or either, promptly on the _
~ da,ys respectively the sdme seve~ll~ come due.
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~ Q. To pay all and singwlar the ta.~ce.s, assessments, levies, liabitities, obligdtions £
cand encumbrarcces of every nature on said described property ectch. and every, and if ~
the Sam.e be no~ pro~nptly~.paid the sceid .hlortga~ee may at c~ny tinae p¢y the saeme ~
without tva.ivin~ or af~'ecting the option to foreclose or ¢iay right herercnder, and every
payment 8o made shall bear interest from the date thereof at the rate of none per :
cent. per annum. ;
~ ~3. To pay ctll and sin~ular the costs, cluir~es and expensea, includin~' lawyer's
~ fces, rcusan.a,hly ineurred or at ~.ny ~im.e hJs_n_.i.~ .~inrtaagee becarise of the faalure '
~ on the ~rt of the said .~1lortgagor to perform, compl~ with and abid.e by each c~nd ~
every the 8tipulations, condition8 and covenants of said pronaissory noteand this deed, ?
~ or either, a,nd euery sucji pa~yment shall bear interest from date at tlae rate of
~ r~one per cent. per annum. _
~ $
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~ To keep the buildinga now or hereafter on said land insured in d sum rcot less ~
~ thctn highest insurable value dollacrs, in a corrtpany or companies to be ~
~ approved by Said rltort~a~ee, dnd the policy or policies held by and payable to said
~ JKort,~agee, and in the event an~ sum of ntortey bec;omes payable under suclt policy or
polieies, the .hfort~a~ee slutll tedve t/ie option to reeeive and apply the xame on aeeoecnt
~ of the inalebtednese hereby secure~l or to permit the ,hiortg'agor to receive dnd rese it, or
any part thereof, for other purposes, withouE therebJ waivin~ or irrLpairing aiay eqicity
~ lien or ri~ht under or b~ virtcce of this mort~a~e, and ntay ptace nnd paJ for such~
insuracnee or any part thereof, urith,out waiain~' or aJ~eetin~ the option to foreeloss'Qr
any right hereunder, and each and every such pa~yment shall bea0~ ~ t fr~~tL~[~t~e ;
a,t the ructe of none per cent. per ccnnum. ~ ~ ]C'
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