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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: - . : - _ - - ~ 4'1~ . . 1 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. ~ ' the sa,id Jlfort~agor hereby covenants cand a~rees: i ~ 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. ~ ~ 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. _ ~ $ , ~ 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' ~~J • , ' - _ _ _ i ~ ~ ~ - F ~ ~ - ~ ~ ~ - - - -