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HomeMy WebLinkAbout2988 ~ . .aa 1. To pay all and singular the principal and interest and other sums of money payable by virtue of Said promissory note- and this deed, or either. promptly on the days respectively the same Severally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incum- brancea of every nature on said described property. each and every, and if the same be not promptly paid the said Mortgagee, its successors, legal representative$ or assigns, may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder, and every payment so made shall bear interest from the date thereof at the rate o! lOx per cenk per annum. • 3. To pay all and singular the costa, charges and expenses, including lawyer's fees, rea- sonably incurred or paid at any time by said Mortgagee. its succesors,.legal representatives or assigns, because of the failure on the part of the said Mortgagor-, his ~+eirs, legal representatives or assigns to perform, comply with and abide by each and every the Stipulations, agreements, conditions and covenants of said promissory note- and this deed, or either, and every such payment shall bear interest from date at the rate of 1oz -per cent. per annum. 4. To keep the buildings now or hereafter on Said land insured in s sum not less than- . THIRTY-SEVEN 1'HOIISAND FNS 1e_t~mRRi~---- ..-dollars, in a company or companies to be ap- - proved by said Mortgagee, and the policy or policies held by and payable to said Mortgagee, its- successors, legal representatives or assigns, and in the event any sum of money becomes pay- - able under such policy or policies, the Mortgagee, its succesors, legal representatives.or assigns shall have the option to receive and apply the same on account of• the indebtedness hereby se- cured or to permit the Mortgagor to receive and-use it or any part thereof•for other purposes, • without hereby waiving or impairing any equity, lien or right under or by virtue of, this mort- gage, and may place and pay for such insurance or any part thereof without waiving or affecting the option to foreclose or any right hereunder, and each and every such payment shall bear in- terest from date at the rate of lOX per cent. per annum. b. To permit, commit or suffer no waste; impairment or deterioration of said property or any part thereof. 6. To perform, comply with, and abide by each and every the stipulations, agreements. conditions and covenents in said promissory note-, and in this deed set forth. 7. If any of said sums of money herein referred to be not promptly and fully paid within ,i days next after the same severally become due and payable, or if each and every the stipulations, agreements, conditions and covenants of said promissory note and this deed, or either, are not fully performed, complied with and abided by, the said aggregate sum men- i tinned in said promissory note- shall become due and payable forthwith or thereafter at the option of the Mortgagee, its successors, legal representatives or assigns, as fully and com- _ pletely as if the said aggregate sum of _ - dollars were originally stipulated to be paid on such day, anything in said promissory note _ r -or herein to the contrary notwithstanding.. IN WrTNES3 WHEREOF, the said Mortgagor -_--.has _ ~ hereunto set his ~+and.-and seal the day and year first above written. THIS I A OON ~E THE FINAL P Yt~NT OR THE BALANCE DUE UPON 1~lATURITY IS ~ Si ,seal d vered ' e presence of : $3~ 694.74 NTH ACCRUED IN- ST, IF ANY AND ALL ADVANCffi~TS MADE ' BY THE MORTGAGEE UNDER THE TERMS OF THIS ~IORTGAG (Seal) i i • (Seal) IILF G %ris hwnuici~ p~rpnrd by: ARIF PARUPIA . ;:,y 5. V.S. i C. • ~ l ~ ~ a~ - _ _ - ~~~P < ~ _