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HomeMy WebLinkAbout0914 ~ ~r ii i t i~ I i 1. To pay all and ai»guiar the ~ principal and interest and other soma of money payable by ~ virtue of said promissory note. and Chia deed, or either. promptly on the days respectively the # 'j same sevarally become due. t. To pay all and singular the taxes, assessments, levies, liabaities, obligations, and snoutn- j brancea of every nature on said described property. each and every, and if the same be not prompt. ly paid the said Mortgages-, ; t s legal repreaentativea or assigns, may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder, and every payment ao made shall bear interest from the date thereof at the rate of per i ~ cent. per alifilgn. i J. To pay alI and singular the coats, charges and eacpenaea, including lawyer's fees, reaaon- ably incurred or paid at any time by said Mortgagee-, its era, legal representatives or assigns, because of the fas7ure on the part of the said Mortgagor S , their hri~, ~g~ 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 ahaA bear interest from date at the rate of per cent. per annum. 4. To keep the buildings now or hereafter on said land insured in a sum not leas than FTFTY TH(]iiRAND anc~ (1~/1 (10 (,,$5n ~ ~n0 _ 001 noUara, in a company or companies ~ to be approved by said Mortgagee-, and the policy or policies held by and payable to said Mort- ,gagEe~, its Beira, legal representatives or assigns, and in the event a~:y sum of money beconiea payable under such policy or policies, the Mortgagee-, # _ its heirs legal representatives or assigns, shall have the option to receive and s anpiy th:: same on account of the indebtedness hereby secured or to permit the Mortgagors to rereii~c arul use it or any part thereof for other purposes, without thereby waiving or impairing and equity, lien or right under or by virtue of this mortgage, and may place and pay for such insurance ~r any part thereof without waiving or affecting the option to foreclose or any right hereunder; +~nd each and every such payment shall bear interest from date at the rate of - per cert. firer annum. i 5. To permit, commit or sujjer no waste, impairment or deterioration of said property. or any part the*eof. 6. t o perform, comply with, and abide by each and every the atipulationa, agreements, con. ditions arul covenants in said promissory note, and in this deed set forth. t 7. Ij any of said sums of money herein referred to be not promptly and fully paid xo#ite~c ~~au~lt after the same severally become due artd payable, or if each and every the I sti slimes reements conditions and eovereants o said pul ag f promissory notes attd thin deed, or either, are not jolty performed. complied with and abided by, the said aggregate sum mentioned in said promissory note. sha11 become due and payable jorthurith or thereafter at the option of ~ the 3ortgagee_, its heirs, legal representatives or assigns, as fully and completely - aa ij the said aggregate sum of ~ $71, 716.15 dollars were orYginally stipulated to be paid on such day, anything in said promissory notes or herein to the contrary notwithstanding. ! LY WITNESS WHEREOF. the said Mortgagor S , h e er n their hand_~~ seal the day and year first above 'tt Sign 'and de ' in presence of ~ ) j t WRENCE S _ ~ ! ~ ~ ~ Z' ' (seat) + - ~t RITA M. FASANO ~ ~ - - - . _ ~~R . / at nrt~ „I / „/~~trr.l /~t~ ~ Alan S . Gerber, Esq. 6UOK~~(., P~sf i