HomeMy WebLinkAbout2525 ~rAUt~1Pi1 ~1~1UM1~U. Ntat if said atart~sagor shall pay onto thr• said ~~IfortgagPe
the certain prunt.issurtJ note, oJ' u•fric•h flee ~i~llou•ing in words ctnd jlgrtres is a true copy,
to unit:
i
f
i
I
t
1
t
an! shall perjurnt, ronrplrf with runt abide by e~teh card ec•errJ the stiprtlalions,
agreenaent<s, coirditiotrs and covcna~its of said promissory note and of this deed, then
this deed and the estu.te hereby created sfrall cease rcucJ Le nrtll and raid.
~ .1111 the said .;Mortgagor hereby covenants and agrees:
I .1. Tr, pay all and singulrtr the priatr•ipal and intrust rntd. nthrr sumx uj nto?rey
~I puyrtble h/1 t•irtur ~,j sai~! pr~rinissr,rt/ nr~tr rrn~! t/tis Jrr~/, ur rit/ri~r• prr~nrptlit ~~n t1tP f
f
II cloys respertirely the saner set•rrctlly rontr clue. `
!I
~ i > .
Tn pelf all and siut~rrlru the ta.rrs, assctisnrrnls, /cries, lirthilitir.c, .,hlioatiotts .
~ and enrtcirahra,aees of rr•ery na(tire net swirl rlrsrrihed properly ra••h and errrrJ, and
if the same be not pront.ptly paid tfie said .:1lortgagee may at any time pa.y the same
' u~ithout raai.ving or aJj'erting the, option. to foreclose or any right hereunder, and erety
payment so made shall bear interest from the date thereof at the rate of eleven (11) ,
i per cent. pex annum.
J. To pay all and sin~sular the costs, chardrs and rxpruses• iurludiit~ lawyer's
fees, reasonably incccrred or paid at any time by said rlfortgagee because of the fella-re
on the part of the said Jllortgagor to perform, com-ply with. unl abide by each and
ever) the stiprclactions, ag'reenzents, conditir,ns and r•orenants of said promissory »ote
and this deed, or either, and every sccch payment stall/ bear interest from date at tfte
rate of ~1) per cent. per annum.
t '
To k:rrp the huildin6 nnu• r,r frruajtrr ern said /anl insurer/ in n sun Wert
less t.factn its highest 1nst~able value-----------------------
--------------------------------------------Uullars, in a rnm.pany or ~-r?nr.panir•s to
I~ be approved by said .-~fortga~'ee, ant/ the policy or policies held .hy and payable to sa.ic!
I J~Iortgugee., ctnrl in flee event any suns of money bccontes payable under suc)c policy or 4
policies, tfie .itortgugee shall have the option to receive and apply the same on. account
of the indebtedness hcrebrj secured or to permit t/ae .~forlgagor to receive and use it, or
any part thereof; for otltt•r purposes, u•i'hout thereby wairrng or impairing any equity
~ ~ lien or right under or by virtue of this mortgage, and naay place and pay for such
' instcrance or any part thereof, uithotct~u•aiving or affecting the option to foreclose i~r ;
any right fereunder, and each and every such jxcyment shall bear interest from date
at flee rate of eleven (11) per cent. per annum.
k B~t~327 ~d~E2524
. ,
-z-
_