HomeMy WebLinkAbout2073~rA11{~P~ ~lU~}~~, thRt if sai~t .Mort~a~or shall pay iwato t/~~ Rc~ .~Ilprt,~a~ee
the certcZin prnnii~~cory -~otR, o/':uhich the follou-~n~ in :aorrlR aaiZ~iir~s ~,t~, t#u~ cop~/,
~o wit:
SEE ATTACHED
and shall perform, comply zvith. and abide by each and every the stipr~lations, a~ree-
ments, conditions a~ad covenan.ts of said ~~rontisso~y note cand of this deed, then this
deed and the estacte ltereby created shall cease and be nutl and void.
,~n~ the Sccid JKort~cc~or hereby covenants ucnd agrees:
1. To pay all an~ singcclar the principal a.nd interest ct»d other sicros of money
paya,ble by virtue of said promissory note and th.ia deed, or either, promptly on the
c~arj8 respeetively the same severally eome d,~ce.
~'. To pay atl a.nd sin~tclar the ta.r,es, as8essments, levies, liabilities, obli~action,s
and encum.brance8 of every nature or~ said described property each- ccnd every, and if
the sc~m.e be not promptly paid the said .~lortgagee may at acny time pay tlae same
without wctivin~ or aj~'ectir~g the option to foreclose or anJ right herercnder, and every
payment so mac~e slutll bear interest from tlie date tliereof cct the rate of 12 per
cent. per mnnurrt.
~3. To pdy dlt dnd ain~ul,ccr the cost,s, charges and expenses, including ldwye~s
fees, rea.4onobly incurred or paid at c~ny time by said afortga~ee bec2use of the failure
on the pa.rt of the said .hlortgagor to ~r~erform, eomplJ with and abide bb eaeh ccnd
every the stipulations, conditions and covenan.ts of sc~i~l pronaissory note ccnd Lhis deed,
or either, and every suclc pa,yment shall bear intereat fi•oni date ut tli.e rate of 12
per cent. per annum.
¢. To keep th,e btiilding$ now or hereafter on sacid land insured in ca sum not lesa
than highest ingurable value in dollars, iri cL company or companies to l~e
~ approved by said .hfort~a$ee, and the policy or ~volicies held by dnd payable to said
Jl~ortga~ee, ctnd in the event anJ sum of mone~ becomea payable rcnder stcch poli.cy or
policies, the .~lort~ct~ee shall )uacve the option to receive and apply the xame on account
of the indebtedness hereby secured or to permit the Jbtvrt~a~or to receive ctnd t~e it, or
, any pcLrt thereof, for other purposes, without thereb~ waivin~ or impairing any eqicity
~ lien or ri~ht under or b~ virtcce of this mort~age, cc~~d naay place and paJ for such
irt.suracnee or any part thereof, without wcuuir~g or a~ecting the option to roreelose or
cLny ri~ht hereunder, and each and ever~J auch payment shall bear intere8t frn~n date
at th,e rdte of 12 per cent. per ctnnu~ra. "'
~3~5 r,~~l~
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