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HomeMy WebLinkAbout1257 , _ 232' racy 1 , i. To pay aR and ringular the principal and tntereat and other sums of money payable by virtue of said Promissory note- and this deed, or eether. Promptly on the days respectively the cams severally become due. 8. To pay all and singular the taxes, aasessmenta, levies, liab>Zitiea, obligations, and encum- brances of every nature on said described property. each and every, and ij the same bs not prompt. ly paid the said Mortgagee-, its k.,~.~, legal repreaentativea or assigns, may at any . -time pay the same without waiving or ajjectang the option to foreclose or any right hereunder, and every payment ao mach shall bear interest from the date thereof at the rats of 8 per cent. er annum, Default in any prior mortgage shall constitute a~d~~a~~a~ P 1. ?o pay all and singular the costa, charges and expenses, including lawyer's fees, reason- ably incurred or paid at any time by said Mortgagee-, its era, legal repreaentativea or assegna, because of the fas7ure on the part of the said Mortgagor-.-, his heirs, legal t repreaentativea or assigns to perform, comply with and abide by each and every the atipulationa, agreements, conditions and covenants of said promissory note- and this deed, or either. and every such payment shall bear interest from dais at the rats of 8 per cent. per annum. t .l. To keep the bus7denga now or hereafter on said land insured in a Bum not leas than its full insurable value in a company or companies to be approved by said Mortgagee-, and the policy or policies held by and payable to said Mort- ga9ee~ its era, legal repreaentativea or assigns, and in the event any sum of money becomes payable under such policy or policies, the Mortgagee-, its h.Rir~t_ ionnl re»reasntativea or aaaiotia. ahaII have the ovtioft to receive and i apply the .same on account of tha indebtedness hereby secured or to permit the Mortgagor to receive and use it or any part thereof for other purposes, without thereby waiving or smpaireng any equity, lien or right under or by venue 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 I .hereunder, and each and every such. payment shall bear interest from date at the rate ofd- 1 per gent. per annum. ~ 3 5. To permit, commit or auf jer no waste, impairment or deterioration of said property. or any - 4 - part thereof. 6. To perform, comply with, and abide by each and every the stipulations, agreements, con- ditions and covenants in said promissory note-, and in this deed set forth. 7. If any of said sums of money hereon referred to be not promptly and fully paid within 6 - thirty Sys 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, compiled with and abided by, the said aggregate stlm mentioned in said promissory note shaA become due and payable forthwith or thereafter at the option of the Mortgagee-, its beers, legal representatives or assegns, as fully and completely S as if the said aggregate sum of --Two Hundred Thousand-------- ~Ilara veers ~ originally stipulated to be paid on such day, anything in said promissory note- or hereon to the t contrary notwithstanding. Paragraphs 8 through 11 an Rider attached, sided by l~brtgagor, are a part hereof. ; IN WITNESS WHEREOF. the said Mortgagor-, has hnr~~ set his hand rtnd seal-the day and year first above writ - ; ~ r Signe , ~aealed and deliver~l in presence of us: (Seal) ~J - D IE UEZ (Seal) 1 z erox3~ P~cF~255 c~ 631 • 232 ea {