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HomeMy WebLinkAbout0961 3. To pay all and singular the custs, charges and e.rpenses, including lawyer's ~res, rea- sonab~ly incurred or paid at any time 6y said Mortga~ee because o~ the jailure on the part uf the said Mortgagor to per~orm, comply with and a6ide by each and euery the stipulations, cond~- tions and cwuertartts o~ satd prom~ssory note and this deed, or either, and euery suc•h payment shal! bear interest jrom date at the rate o~ 8 per cent. per annum. 4. To keep the building now or herea[ter on said land insured in a sum not less than ~ _ p_ dollars, in a compan,y or c~mpanies to be appr~,:;~d by ; said Mortgagee, and the policy or policies held by and payable to saiai Mortgagee, and in the ei~ent any sum oj money becomes payable under such policy or policies, the Mortgagee shall i haue the option to receiue and apply the same on account oj the indebtedness hereby secured or to permit the Mortgagor to r~eceiue and use ft, or any pa~t thereoj, for other purposes, without thereby tuaiuin or impairing any equity lien or right under or by virtue oj this mortgu~e, and ; max place a pay for such insurance or any part thereoj, without waiuing or afjecting the # option to /'oreclose or any right hereunder, and each and euery such payment shall 6ear interest ~rom date at the rate of g ~ per cent. per annum. _ ; 5. To permit, commet or suf~er no waste, impairment or deterioration of said property or any part thereof 6. To perjorm, eomply u~ith and abide by each and euery the stipulations, agreements, conditions and couenants tn said promissory note and in this deed set /orth. 7. If an of said sums o~ money herein referred to be not promptly and ful[y paid within thirty (~0) days next after the same seuerally become due and payable, or if each and every the stipulations, agreements, conditions and covenanis oj said promissory note and this deed or either, are not duly per~ormed, complied cuith and abided by, the said aggregate sum r.:entioned in said promissory note shall become due and pa able forthwith or thereafter at the option of the Mort~a;~ee as fullv and comnletelv as if the sai~aRgregate sum of Nine Hundred Dollars and no~100 ---------------~ollars was originally stipulated to be paid on such day, anytfeing in said promissory note or herein to the contrary notu~ithstanding. 8. The Mortgagee may, at any time while a suit is pending to joreclose or to rejorm this ' mortgage or to enforce any claims arising hereunder, apply ~ to the court hauing jurisdiction ' thereoj ~or the appointment of a receiver, and such court shall forthwith appoint a receiver of ; the premises and all other property covered hereby, including all and singular the rncome, proj- its, rents, issues and revenues ~rom whateuer source der:ued, and sueh receiver shall haue all the ~ broad and effectiue junctions and powers in anywise entrusted by a court to a receiver and such ~ appointment shall be made by such court as an adrnitted equity and a matter of absolute right to said Mortgagee, and without rejerence to the adequacy or ~nadequacy o/ the ualue of the prop- erty mortga$ed or to the solvency or insoluency of said Mortgagor or the defendants, and such ~ income, projtts, rents, issues and revenues shal[ be applied by such receiuer according to the lien + of this mortgage and the practice of such court. . Y } r ,I I ~ E ! ~ I I f ~ ~ ~ _ s - i ~ ~ ~ 3 ' ~ g . ~ i _ ~n ~itness ~hereaf, the said Mortgagor hereunto sets his hand and seal the day and year first aboue written. ` Si ~d, led Delivere in Presence of: , : ` ~ i ; , j' ~~,l~,C , Q { ~ s ~ ' RDY J. E x . ~ ~ ~ ~ ~ . . ( ~JO J6 ~ r;~~: i , ~ ~ x 4- , , . . _ _ ~ ~ ~ ~ . - ~5 . bt~„ :i 3„ .F~y _'~?::-F'.. .