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HomeMy WebLinkAbout1542 The mortgagors are expressly prohibited fromnthe~c~ente ancee r ~ assignment to another of either an equitable or re~,i~ter the aforedescribed premise without the express writte d!!`"'tt'~h mortgagee. - ~p ~~tip and tp £tDl~ said prsnsieee, with ~ appssrtenoneq, resste, iasuet and profits ehereoj, into the said prasstse and n~ortgapa, its.ssceessors and soigne jorwsr. And the said nwrtgagors jorhimself and hsirs and assEpne da -es Denby oownant with the said tlortgagss, its sutoessors and assigns, that~.he _ is kM?/xlly assssd of tAs Pr'sn~isa a/orssaid, and that the pren~isa are FR&lii AND CLEAR from all inensssbraxees whatsoever, and ~1~aL~-- will jorswr iVARRANT AND DEFEND tJl~ sans soith Ne appurtenaxees, into the said grantee, its auueaaors and assigns, against the bwjnl ebpsss of all persons whomsoever. ~rD?ui~r~. sseverthslese, and these pswents, are saposs these conditions: . The! !hs said +nortgagon haw executed and delivered to the said mortgagee thser certain pronsisaory note of even data herewith jsr the -principal sssm of Foy Thousand and IIo/T100------floilarr, which, - not~ is herby Wade a part h.reoj w though jxthr rewritten hsreiss and is dux and payable in amossnts as jotbws: 4, 0~ 00.00 DEMANQ,~eti#~h__3~~3-tercet payable s semi-annually _ from the date. of note . ~ or bejorc_-_._- - _ -----------on or before-- - - - ox or before---------- - - or bejor~--------- - - ~ or 6eJore,-- - - - togsther with interest thereon at else rats of 10_5 ~snt per annum, payab(s each 180 ds3~s_ after date of note with the principal amount due on demand. That aU of the principal not paid ttihen dux and any installment of interest not paid when dux shall draw interest aL the rate of 8 per cent per annum, payable semi-annually, until paid. That the said mortgagors further agree as follows: To pay alt tazea, asaeasmenta and other charges that may be assessed against the property herein conveyed promptly as they buome dsas and payabh; to kelp the buildings ox fhe real estate hereby, mortgaged in food and proper repair; !o keep said property insured against loss or damage by firs in a sum not less than = and against loss or damage by wind in a sum no tees than i in companies aatia/aetory to mortgagee or assigns, uMth the leas. ij any. payable to said mortgagee as its mortgage interest assay appear; and to haw all polseiaa of insurance in the poasusion of said .mortgagee until this mortgage is fully satisjicd. The mertgagora agru that aU inauranet in force during the ~ eontinuanu of this mortgage on the property hereise mortgaged, whether or not the policies bs held by the i mortgagors, and whether or not they are made payabh to the Bank, as mortgagee, shall 6e for the benefit of the mortgagee, as its mortgage inttrtata may appear, and the tompaniea issuing such insurance policies are hereby instructed and authorized to males loo drsijts payable to both the mortgagor and the mortgagee to be applied first to the payment of this mortgage. That ij said mortgagors, their heirs or assigns shall jail to pay promptly as they become due and payable said taxes, inauranu, asaessmenta or other charges that may be levied against said property, the said mortgages may pay the same, which sum ao paid shall be charged against said mortgagors and bear in.•ereat from date o/ payment thereof at per cent per annum, payable semi-annually and be a lien upon the property herein conveyed, and' be aecstred 6y this mortgage as a part of the consideration htreoJ; and ox such default for thirty days, or if said buildings be not kept in good and proper repair, or if a change shooed occur in the ownership of the real estate herein mortgaged without the ezpreaa written consent of said mortgages, or ij any one installment of said principal sum is not paid when due, or ij any installment of interest bt >tot paid when due or within thirty days thersajter, then aU of said principal sum together with all accrued interest thereon and other charges shall thereupon become due and payable .at the optiox of the owner of said Hots and this mortgage. That upon default of tlae conditions hereof, it.ahall bs lawjsal for the mortgaget, its auueaaors or assigns, at its option to enter into and upon the teat estate hereby granted or any part thereo/ and to receive all yenta issues and profits thereof. - Now if the said mortgagors shall pay to said mortgages, its suuesaor or assigns the acid soma of money when due, including interest as provided jot in said Hots and in any renewals thertoJ and shall faithfully keep each and all of tlu conditions stipulated in acid note and in any rsaesoaL thereof and in this mortgage, then these pruents shall be void. a4oK ~l~ ~f1544 - - ~ i p z = ~ ~.~5'