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HomeMy WebLinkAbout1770 i .r 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note snd 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 incumbrancea of every nature on said described property, each and every, and it the same be not promptly paid the said Mortgagees., their heirs, legal representatives or assigns, ~ may at any time pay the same without waiving or affecting the option to foreclose or any right i hereunder, and every payment so made shall bear interest from the date thereof at the rate of * Pn per cent, per annum. 3. To pay all and singular the costs, charges and expenses, including lawyer's fees, reasonably incurred or paid at any time by said Mortgagees their legal representatives or assigns, because of the failure on the part of the said Mortgagor, its successors, legal representatives or a~igns, to perform, comply with snd abide by each sad every the stipule- tions, 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 ofr-en per cent, per annum. 4. To keep the buildings now or hereafter on said land insured in a sum not less than high s i nsurahl a valLe -.-Dollars, in a company or companies to be approved by said Mortgagees, and the policy or policies held by and payable to said Mortgagee, their heirs, legal representatives or assigns, and in the event any sum of money becomes payable under such policy or policies, the Mortgagees-., their hem, ~ legal representatives or assigns, shall have the option to receive and apply the same on account ~ of the indebtedness hereby secured or to permit the Mortgagor to receive and use it or any part thereof for other purposes, without thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage, 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 interest from date at the rate of ten per cent per annum. 6. To permit, commit or suffer no waste, impairment or deterioration of said property j or any part thereof. i 6. To perform, comply with, and abide by each and every the stipulations, agreements, ~ conditions and covenants in said promissory note-, and in this deed set forth. If any of said sums of money herein referred to be not promptly and fully paid within 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 mentioned in said promissory note- shall become due and payable forthwith or there- after at the option of the Mortgagee.., their heirs, legal representatives or assigns, as fully and completely as if the said aggregate sum of princiQal and interest r~i,nino unpaid dollars were originally stipulated to be paid on such day, anything in said promi~sory,.note- or herein to the contrary notwithstanding. - ~ IN WITTTESS WHEREOF, the said party of the first part has caused these " " , presents to be signed in its name by its :~r. • - = (Corporate President, and its corporate seal to be affixed, " _ - - ; (Seal) attested by i+s ~ecretaiy the day • ~ - and year above written. A •t~~~•Eti KAMINSKI Secretary. a a the presence of AMGER CORPORATION ' . y 1tAINER KA=MINSKI , President. ED~';;~~1 8" p~;vOLD 7%rrs /rrr/rnrnrrrl /err/~~~rrcl f.a~~~:cy at ls:v • ~ - h, F.u. E3~.t .~..1 o.... ~ - 318 ~1?~5 .•~t/i/Rx~ Ft;rt•(F,.~. 3~-.'.J :u'J~r Pa 3