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HomeMy WebLinkAbout1094 i • ~ 1. To pay all and singular the principal. and interest and other sums of money payable by virtue o! said promissory note.- sad this deed, or either, promptly on the days respectively the same severally become due. 2. To pay all and singular the tazeey assessments, levies, liabilities, obligations, and incumbraaces of every nature on said described property, each and every, and if the same be not promptly paid the said Mortgagee-.., ~1' .i 8 heirs, legal representatives or assigns, may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder, and every payment so made shall bear interest from the date thereo! at the rats o~' 10 per cent, per annum. 3. To pay all and singular the costs, charges and expenses, including lawyer's fees, reasonably incurred or paid at any time by said Mortgagee-., his legal representatives or assigns, because of the failure on the part of the said Mortgagor, its successors, legal representatives or assigns, to perform, comply with and abide by each and every the stipula- I~ bons, agreements, conditions and covenants o! said promissory note and this deed, or either, and every such payment shall bear interest from date at the rate of ~ n p~ II cent, per annum. j 4. To keep the buildings now or hereafter on said land insured in a sum not less than ` .full insurable value nollar8, in a company or companies to be approved by said Mortgagee-, and the policy or policies held by and payable to said Mortgagee-, s ~+eira, legal representatives or assigns, and in the event any sum of i money becomes payable under such policy or policies, the Mortgagee-, his ~,e~, ~ legal representatives or assigns, shall have the option to receive and apply the same on account of the indebtedness hereby secured or to permit the Mortgagor to receive and use it or any part thereof for other purposes, without thereby waiving or impairing any equity, lien or right under or by virtue 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 hereunder, and each and every such payment shall bear interest from date at the rate of 10 per cent per annum. ~ 6. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. ( ~ 6. To perform, comply with, and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note-., and in this deed set forth. If any of said sums of money herein referred to be not promptly and fully paid within ~ p days 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 I this deed, or either, are not fully performed, complied with and abided by, the said aggregate sum mentioned in said promissory note- shall become due and payable forthwith or there- after at the option o! the Mortgagee-, his ~+eirs, legal representatives or assigns, as fully and completely as if the said aggregate sum of Sixteen thousand four hundred j and no/100 collars were originally atipuIated to be paid on such day, anything in said ! pro .,~gote_ or herein to the contrary notwithstanding. =r tf~ IIJ WITNESS OF the said party of the first part has caused these ° °o t~ ~r o6_ f ( ~ ~ r'. 'Q~.. presents to be signed in its name by its ° . a = ° ~`'(~:orpora President, and its corporate seal to be affixed, i ~ ~ ° ~ Sean attested by itA - • .secretary the day ~ ~ , _ ~o,-~ ~ ~ ~ and year above written. , f %Y f ~;.Haaa~,;r. DA i5 Secretary. . j..''' c ~ i . Nepco oP Canada, ~ • Signs sled and sliver d ' the presence of : _ • . L 1 ~ L t AIJ.AN p'1'IMN't' t~l?WpgEl'~1~; :Q . o I~F~`°:.,~: :;11A1tUN 1111'1'la:lt ! ~;~`"`,~",~~,-°i~ fi~ t~~ i~",. d ac°o~c~3 Pac~~,~' r I t.