HomeMy WebLinkAbout2690 and shall duly. PromPUY sari ~Y perform, discharge, execute. effect, complete, comply wtth 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 estate hereby created shall cease and be null sari void.
It is understood that each of the words, ..note,.. "mortgagor" and "mortgages" respectively sad the prop-
ouna referring thereto, whether in the singular or plural anywhere is this aortgage. shall bs singular ii one only
and shall be plural jointly and severally. it more than on0. and shall be meacuUne, temiNna and/or neuter wher-
ever the context ao impUea or admits.
• Aad said Mortgagor !or himself and hb heirs; legal npreaentativea, successors and assigru. hereby eoven-
anb area agrees to and with said Mortgagee, his legal representatives. successors sad assigns:
L To pay all sad singular the prindpal and interest sad the various and samdry soma of motuy payable by
virtue o! said promissory note. sad this mortgage, each and every. promptly on the days respectively the same -
severally become dos.
Z.. To pay all and singnLr the taxes, assesamenta, levies, liabiUUes, obligations and incumbrancea of every
nature and kind now on said described property, and/or that hereafter may be Imposed, Buttered. placed, levied
or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage sad/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 i9 Incurred; and in so far as any thereof is of record the same
shall be promptly satisfied and discharged of record and the original offidai document (such as, for .instance,
the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of acid
Mortgagee within ten days next after payment; and in the event that any thereof b 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, Uen, 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 and together wilh such interest shall be secured by the Uen of thL
mortgage.
. To place and continuously keep on the buildings now or hereafter situate on Raid land flue and win
insurance usual standard policy term, in a sum not leas than i---•-------------------••.....----•-----............---. such com-
pany or comp^ni may be approved by said Mortgagee; and all such insurance policies y of said build-
ings, any interest there thereof, in the aggregate sum aforesaid or in ex rect. shall contain the
usual standard mortgagee c making the loss under said poUcies, each an ry, payable to sold Mortga.
gee as hb interest may appear. ch and every such policy shall be p fly delivered to and held by said
Mortgagee; and, not less than ten days vanes of the expiration o policy, to deliver to said Mortgages
a renewal thereof, together with a receipt a premium of renewai• and then shall be no such insur-
ance placed on any of said buildings, any interest sin o rt thereof. unless In the form and with We loss
payable as aforesaid; and in the event any sum of m ecomes payable under such policy or poUcies said
Mortgagee shall have the option to receive and a the as account of the indebtedness secured hereby or
to permit said Mortgagor to receive and u r any part thereo other purposes without thereby waiving
or impairing any equity, lien or right r or by virtue of this mortga ~ red in the event said Mortgagor shall
for any reason tall to keep the premises so insurnd. or fail to deliver ptly any of said polides of
insurance to said Mortgag ail promptly to pay fully.any premium therefor. any respect idl to per-
form, discharge, execu set, complete, comply with and abide by this covenant. or any hereof, acid Mortg-
agee may place y for such insurance or any pert thereof without waiving or affecting option. lien.
equity or ri nder or by virtue of this mortgage, and the full amount of each and every such nt shall
be im ly due and payable and shall bear interest from the date thereof unt(1 paid at the rate of
ce per annum and together with such interest shall be secured by the Uen of fhb mortgage.
4. To permit. commit or sutler no waste, impairment or deterioration of Bald property or say part ther~eoL
6. To pay all and singular the costa, charges and expenses. Including r+eaaonabte Lwyer'a tees and cost of
abstracts of title, incurred or paid at say time by said Mortgagee because and/or in the event oR the tallur+s
on the part of the said Mortgagor to duly, Promptly sad fully perform. discharge. execute. attest. completq,
comply wlib and abide by each and every the stlpulatlona, agreements, conditions sad ooveaanb of Raid promla-
sory Hots, sad this mortgage, any or either, and said cwta, charges sad expenses, each sad every. shall be.lm-
mediately due sad payable, whether or not there be notice, demand. attempt to collect or snit pending; and the ~
full amount of each sad every such payment shall bear interest from the date thereof until paid at the rate of i
ten per centum per annum: and all said ooaL, charges sad sxpeoaN ao iacure+ed otr paid, LogetMr with such tt,-
terest, shall be assured by the Uen of fhb mortgage.
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