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HomeMy WebLinkAbout2417 _ ~ _ ~ - _ a. - - ~ • . _ _-._..r-_.~.. _--~_...~..__...--...r. - ' • I 1 ~ d ~ ~ I ; ~ ' ill v i 1 ~ ! t i 1 !i ~ z ~ ~ ~ ~ ~ti a t o ~ it ~ s it j tt 3 ~ ~ y w.r s+ ~ ~ i t s tttt ; i ! ~ ~ ~ ~ ~ ! ~ .i r,i i - s ' ~f ~ ~ ~ ~ l , ~t 1 ~ s h to_ t~ _ ~ i ~ ~ ~~t ~ !1~ ~ m , 1~I 1 s~ ~ ~ r ! ~ i ~i ~ le~ ~ ~ ~ ~ ~ E , ~ _ - i ~ ~ std ~ ~ j~~ 1 ~ and shall duly, promptly and fully perform, discharge, execute. effect, complete, comply with and abide by each and every the stipulations„ agreements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and the esate hereby created shall cease and be null and void It ~ understood that each of the words, "note;' "mortgagor'' and "mortgsgee" respectively and the pronouns referring • thereto. whether in the aingtiLr or plural anywhere in this mortgage shall be singular if one ody and shall be plural jointly and severally. if more than one, and shall be masculine, feminine and/or neuter, wherever the content so implies or admits. And slid Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees to sad with said Mortgagee. his legal representatives, successors sad sssignx I 1. To pay sll and singulsr the principal and interest and the vsrious and sundry sums of money payable by virtue of nid mmmitscfrv note. aed this mortaaae_ each aid every. ommntly on the days resaectively the same severally become due. • 2 To pay all sad :iagu4r the taxes, assessments, levies, liabilities, obligations and incumbrsnces of every nature and kind now on acid described property, and/or that hereafter may be imposed, suffered, phued levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured hereby each and every, when due and payabk according to law, before they become delinquent? and before any interest attaches or any penalty is incurred: sad in ao far ss any thereof is of record the rime shall be promptly satisfied sad discharged of record sad the or- iginal official documrnt (such as, for instance. the tan receipt or the sari:fiction paper officially endorsed or certified) shall be placed is the hands of acid Mortgagee within ten days next aker payment; and in the event that auy thereof is not so paid, satid'ied sad dLcharged. said Mortgagee may at soy time pay the rime or soy part therof without waiving or sffect- iag any option, lien. equity or right under or by virtue of this mortgage, sod the full amount of each and every such pay- ment shall be itnniedistely due and payabk and shall bear interest from the date thereof until paid at the me of trn per crnrum per annum and together with such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insur- ance in the usual standard policy form, in a sum not less than the highest insurable value. in such company or companies as may be approved by said Mortgagee; and all such insurance policies on any of said buildings, any interest therein or part thereof. in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said policies, each and every, payable to said Mortgagee as his interest tray appear, and each and every such policy shall be promptly delivered to and held by said Mortgagee; and. not less than trn days in advance of the expiration of each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no such insurance placed on any of said buildings, and interest therein or part thereof. unless in the form sad with the loss payable as aforesaid; and in the evrnt any sum of money becomes payable under such policy or policies said Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Mortga- gor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity. Lein or right under or by virtue of this mortgage; and in the event said Mortgagor shall for any reason fail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or fail promptly to pay fully any premium therefor, or in any respect fail to perform, discharge, execute. effect, complete, comply with and abide by this cov- enant, or any part hereof, said Mortgagee may place and pay for such insurance or any part thereof without waiving or affecting any option, lien. equity or right wader or by virtue of this mortgage, and the full amount of each and every such ~paymrnt shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per centum per annum and together with such interest shall be secured by the lirn of this mortgage.