HomeMy WebLinkAbout2423 See copy of Note attached
and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply w,th and abide by each
and every the stipulations, agreements, conditions and covenants of said prom,ssory note and of Lhis mortgage,
they this mortgage and the estate hereby created shall cea.9e and be null anti void.
It is understood that each of the words, "note," "mortgagor" and "mortgagee" respectively and the pron-
ouns referritig thereto, whether in the singular or plural anywhere in this mortgage, ahal: be sinbviar if one only
and shalt bs plural jointly and severally, it more than one, and shall be masculine, feminine ardor neuter, wher-
ever the context so implies or admits. _ _
And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
ants aaa agrees to and with said, Mortgagee, his Legal representatives, successors and assigns:
L To pay all and singular the principal and interest and the various and sundry sums of money payable by
virtue of said promissory note, and this mortgage. each and every, promptly on the days respectively the same
severally become due.
2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every
nature and kind now on said described property, and/or that hereafter may be imposed, suffered, placed, levied _
or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
ness secured hereby, each and every, when due and payable according to law, before they become delinquent,
and before any interest attaches or any penalty is incurred; and in so far as any thereof ,s of record the same
shall be promptly satisfied and discharged of record and the origins.) oft,cial document (such as, for instance,
the tax receipt or the satisfaction paper officially endorsed or certified ? shall be placed in the hands of said
Mortgagee within. ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or affecting
any option. lien, equity or right under or by ti•irtuP of this mortgage, and the full amount of each and every
ouch payment shall be Immediately due and payable and shall bear interest from the date thereof until paid
at the sate of ten per centum per annum and together with such interest shalt 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
Insurance In the usual standard policy form, in a sum not less than S~S~ . x.115-L1X'a~ae--.Y3111pn such ~om-
parry or Comp^nies as may be approved by said bior2gagce: and all ouch insur:nce policies on any oc said build-
ings, any interest therein or part thereof, in the aggregate sum aforesaid or u? excess thereof, shall contain the
usual standard mortgagee clause making the loss under said policies, each and every, payable to said hi~,riga-
gee as.hb interest may appear, and each and e~•ery such policy shall 6e promptly delivered to and held by said
biortgagee; and, not less than ten days in advance of the expiration of each policy, to deliver to said Aforr~aRee
a renewal thereof, together with a receipt for the premium of ouch renewal;- acid there shall be no such insur-
ance placed on any of said buildings, any interest therein or part thereof. unless in the form and with the loss
payable as aforesaid; and in the e~•ent any sum of money becomes payable under such policy nr poIiciea said
Mortgagee stall have the option to receive and apply the same nn account of the indebtedness secured hereby or
to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waving
or impairing any equity, Ilea or right under or by virtue of this mortgage; and in the event said Mortgagor shall
for any reason tail to keep the said premises so insured, or tail to deliver • promptly any of said policies of
insurance to said Mortgagee, or tail promptly to pay fully any premium therefur, or in any respect fa,l to per-
form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said \iortg-
agee may place and pay for such insurance or any part thereof without waiving or affecting any option, lien,
equity or right under or by virtue of this mortgage, and the full amount of each and every such payment 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 end together with ouch lntereat shall be secured by the lien of thta mortgage.
4. To permit. commit or suffer no waste, Impairment or deterioration of said property or any part thereof.
6. TO pay all and singular the costs, charges and expenses, including reasonable lawyer's tats and cost of
abatracta of title. fncurnd or paid at any time by said Mortgagee becau.e andior in the event of the failure
on the part of the said Mortgagor to duly, promptly an9 fully perform, discharge, execute, effer_t, complete.
comply with and abide by each and every the stipulation+, agreements, ronc,uons and covenants of said promis-
aory• note, and thin mortgage, any or either, sad said costs charges and expenses, each and every, shall be Im-
mad, tcly due and payable. whether or not there be notice, demand, attempt to collect or salt pending; and the
full s~tount of each and every such payment shall bear interest from the date thereof untll paid at the rate of
tea pe: centum per annum and all said costs, charges end expenses eo Incurred or paid, together with such tn-
tereat. shall bs secured by the lien of this mortgage.
eooK 329 PacE2421