HomeMy WebLinkAbout1144 PROVIDED ALWAYS, And these presents are upon these e„preie;~r,dit tpr~,4t~at, if the
said mortgagor , shaA pay the said mortgagee ~e~ certain promissory note , of eve»
w~ c. ~ t ~ B. LA-P ~ `I
date herewith, signed by
a able to the order of the mortgagee at . !o a S~ E
and madetp y - n`' . .
And until the payment of said note ,and each of them, or any extensions or renewals thereof
in whole or in part, and any other indebtedness secured hereby, and the performance Icev~i
Hants and agreements herein, shaA promptly pay aA taxes and assessments of every
or .assessed on the said property (also upon this mortgage and the moneys secured hereby to the
extent hereinafter set forth), and shaA not permit or suffer said property, or any part thereof,
to be sold for nan~ayment of taxes or assessments, or the said taxes or assessments to become .
detincPcent; and shaA .keep the buildings and other improvements which are now or ma here-
erected on the emises insured against aA risk by fire in a sum not less than .
after be ~ P''"
~ ~aficirs, to a good and responsible insurance company,
for the benefits of the mortgagee ,said insurance company to be approved by and the policies
or any renewals thereof to be deposited with the said mortgagee ;and in the event of Loss or
damage to the bus'Idings or improvements on said premises, the proceeds of such insurance eh_ all
be applied in reduction of the debt, or in restoring the premises or property, as the mgrtyag _
shaA elect; and shaA not commit, permit, or suffer any strip or waste of said premises Qt'=pro
erty, and shaA pay aA the moneys and perform aA acts and carry out aA promises t~l~gree~
meets that are secured hereby, at the time and in the manner herein specified, then l~s pres-
be void. ~ •
eels shaA ~
And the said mortgagor do hereby promsse, covenant and agree to pay
mortgagee ,the said sums of money and interests as mentioned in and repres .
~ promissory note ,and each of them, or any extensions or renewats thereof, and s
paid as aforesaid, and also to carry out and per'for'm each and even other covenan
meet herein set forth, and do promise, covenant arui agree to pad aA taxes and
of every kind and character levied or assessed ors said property, and every part the before
the same become delinquent (and also upon this mortgage and the moneys secured her~y he ex-
tent hereinafter set forth), and not to permit the said property or any part thereof, sold.on
account of non-payment of taxes or assessments of arty l~~ind; and to promptly pay aA insurance
premiums that may become due upon insurance policies issued upon buildings or other improve-
ments on said premises during the continuance hereof; and to pay aA costs, charges and ex-
penses in collecting the moneys hereby secured or in enforcing or protecting the rights and inter-
ests of the said mortgagee herein, or secured hereby, including reasonable attorney's. f
ees and
commissions, whether collected by foreclosure or otherwise.
t a or covenants and agree S to pay aA taxes that may be levied or
And the mor g g ,
assessed on this mortgage and the moneys secured hereby, PROVIDED that in no event shaA .
the amount paid on account o f such taxes, together with the interest paid on the indebtedness
secured by this mortgage, exceed the maximum interest rate allowed by law.
It is further covenanted and 8,greed that, i f default shaA be made in the payment of said
sums of money, or any part thereof, as specified in or represented by said note , or either of .
them, or any extension or renewals thereof, or if the interest that may become due thereon, or i
any part thereof, shall be behind and unpaid for the space of ~3p days, or if def~uit ; ~
shaA be made in the payment of taxes or assessments of any kind or character, as• hereinabove
set forth, insurance premiums, or any sums o
f money as provided 'her'ein, or i
f there shalt be a
breach or violation of, or default in, any of the covenants or agreements herein contained on the
_ part of the mortgagor ,then it shaA be optional with the mortgagee to consider aA unpaid
note , or the principal sum hereby secured and remaining s~npaid, and accrued interest thereon,
as immediately due and payable, and said mortgagee shall have the right to institute pro-
ceedings to enforce the collection of aA sums due hereunder, or to foreclose the lien of this mort-
o such breach or violation hereof, or default herein b the mortga or
gage by reason f ~ ~ _
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