HomeMy WebLinkAbout0971 ~rDUt~p~1 MIlU~11~8, t1~at if snii! ~llort~u~or s/~all pct~ t~~rto th~~ su.i~l ~'~fortgagc~e ~
tlie certain prone.irsorj notP, u/' re~/~~cli the j'ullurri~r~ iu tvuiYts ct»~ Jf~'rcres is u tr~ee eupJ, -
to wit:
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a~~d shull Jier/'o~»t, ~~nipl~~ rrith and al,icle bJ e~cJ~ ancl et•erJ the slipulatians, ~
agreements, co~tditio~e.s and covenacnts of said pronzisso~y note an~l of this deed, then `
this deed and tlce es.tute hereby created shalt cease and Le nr~ll a~id void. '
".~ttl the said .~llort~agor hereby covenants and a~srees: ~
.1. To pay all an~t sin~ttlar t.hP prinripal nnrl int~rPQt un~l ~th~r srtm.s c,j nio~ie~
j P~~Jahle hJ r,•irtue ~?j s~rid pr~~miss~,rr~ n~~t~ un~1 lhis ~I~~d, ~r PitJt~r, J~r~,nrptlJ ~?~i (I:P
~1nJs respectii~elJ tlae some• ser~~rallJ c~,i~ic clur.
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' Tn pai~ all. ari~l sin6utar the t~rx~s, ussess~n~~nls, let•i~s, I%(!I)II7~!(~x, ~?hlics~~t.io~tc
ui,.l enerenabra~aees uj ~~i~er~ iratrrre c,n sUi~! ~lc~sc•ribe~l properlJ ea••h anc! ecf•ri~, an~l
if th,e same be not promptly pcLi.d the said .hlortgag'ee may at anJ time paJ the sa»ae
without rvaiving or ajj`'ecting the option to foreclose or any righ# hereunder, and ez~ery
payment so mcule shall bear interest from the date thereof at the rate of 9 3/4
per cent. per dnnum. ~
J. ?"o pay alt and sin~sutar the c~,4[.s, char6~~c a»~! ~xp~~r~es, i~rc~luddng larcJer's
fees, reasonably incurred or paid at any time by sQid .tlTort~agee becarese of the failicre
! on the part of the suid .Atort~agor to perform, comply rcith a~r~l abide by each a~cd -
~ euery the stipulations, agreement,.s, eonditions and coz~enants of sciic~ pr~m.:ssorJ note
' and tliis deed reither, and eaery sicch paynaent shc~ll Lear i~tterest from date at the ~
~ rncte of 9 3P4 per cent. per annunt. , I
; To k:eep the bui.ldin.~i noiv ~,r lr~rcajter ni~ suid (cr»J insr~recl i~r a sr~m »~t I ~
; less tfaan highest insurable value ~ ~
i I)nllurs, in u ~~ampair.~~ ~~r r~,mp~tnies to ' e
E be cipproved by said .Afort~agee, acnd tJae polic~ or policies held 5y and paya~ble to sai.cl. f ~
~.hiortgagee, ~ind in tlee event any sunt of monpJ become.s payable u.~ader stcch, policy or ; ~
~ policies; the Jt~lort~sa~see shall have the option to receive ctncl upply the sarrae_on uccoccnt ~ ;
of the indebtedness hereby secrcred or to perrrtit the JKort~¢gor to receive and use it, or ~
any part th.ereof, for oth.e.r pt~rpose,c, wi.`,hout thcreby uaivi.ng or impairing anJ eqicity ~ 2 ~
l i e n o r r i
g h t under or b~ vir ttce o
f t his mor
t gu~e, an d ntay p l
ace an d ~aJ for sue h ~ i~
insuranee or any part thereof, withotet u~aiuin~' or af~eetin$ the aption to foreclose or ~
any rig~it hereunder, and each ctrtd every such pay~nent shall beatr interest frona date ~ ~
dt the rute of 9 3/ 4 per cent. per annur,z. ~
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