HomeMy WebLinkAbout1303. . ~ ~ a.
l. To p~r aU ~nd ~iagular the principal and iaten~t aad othar ~ama of mone~ payable b~
~irtne o[ uid promiewry note ~nd t6is dead, or eit6ar, promptl~ on tLe dar rapecti~aly the
s~me sdve:~ll~ become dns.
Z. To psp all and ~inanlar the tazei, seeaaments, levia, L'abilitia, obligatiow, ~ad incmm-
branoa of e~ecy natnre on ~aid described pmperi~, e~ch and ever~, and if the ~ame be not promptlp
paid the aaid Mortaases, ib snooeeeor~, le6al npreeentativa or ae~ign~, mey at an~ time pa~ tLe
~ame withont wai~rie~ or affectin6 the option to foreclo~e or anT riaht hereaader. aad every pay-
meat w made ahall bear interest from the date thereof at the rate of~'.~..per onnt~ par ~nnnm.
3. To pay all and singular the costs, charges eind e:penee~, inclnding laveyer's feca, reasonablT
incnrred or paid at uty time b~ said Mortgagee, its auccessors, legal rcpresentativ~ or aesi~eu,
becsuse of the failnre on 1he put of tLe ~aid Mortgagor~,, hP~ x ~ein, legal repreeentativea
or aasigns to pedorm, comply with and abide by each and overy the stipnlations, agreesments, oon-
ditiona and oovenanta of said promiseory not~ and thi~ dced, or either, and every each paymeat ahall
beas iaterat fmm date at the nte of t~.._per cen~ pe: annnm.
4. Ta keep tLe buildings now or Lereafter on eaid land inanred ia a smm ~ot lese thaa
hi ghest insurable va1Le Dollars, in a company or com~aniea to be ap-
prnved by eaid Mortgagce, ~-nd the policy or policies held by and payable to said Mortgagee, iu
ancceaeors, legal repreeentativea or aseigns, and in the event any snm of moaeq becomes payable
nnder anch policy or policiee, the Mortgagee, its encceeeors, legal repreaeatativee or asaigns . ahell
have the option to receive and apply the same on acconat of the indebtedneas hereby eecnred or
to permit the 1liortgagor S to receive and uee it or any part thereof for other pnrpoeea, NritLont
hereby waiving or impairing any eqnitpp, lien or right under or bp virtne of thie mortgage, and
may place and pay for. aach insnraace or any part thereof withont waiving or a[fecting the option
to forecloee or any right hereimder, artd each and every euch payment ehall bear interest from dete
at the rate of ten per cen~ per annum. •
S. To permit, commit or an~fer no waste, impa'umeat or deterioratioa o[ said prnperty or ~~
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any part thereof.
6. To perform, comply Mith, and- abide by each and every the stipnlationa, agreemente, con-
ditiona and covenante ia asid promiaeory note.-, and in thia deed eet forth.
?. If any of said snme of money herein re[erred to be not prompdp and [ullp paid within
thirt}~days nezt a[ter the same eeverally become due and papable, or if each and every the ,
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etipulationa, agreementa, conditions and covenante of said promieaory note_. and thie deed, or either, ;~
are not fnlly performed, compL'ed with and abided by, the said aggregate eam meationed in said ;
promieeory note- shall become dne and payable forthwith or thereafter at the option of the b~ort- ~~
gagee, its sncc~aeors, legal repneentatives or aaeigns, ae fully and compktely aa if tLe eaid aggreEau I~
~nm of ~~y Six ~~~' ~~~ ~~~'-six and 25/100 ,~ollars were originallp i
stipnlated to be pud on sach dap, anptbing in said promieeorq note_ or hercin to the contrary- ~
notwithatandins.
IN WITNESS WHEREUF, the eaid Mottgagor s have {1en~to ~F the i r
b,~aa S.na ~eal~the a.~ ~na ~ear rM .booe .vr;ttea. _ ~~
Sigaed, ~ealed and delivered i~ the preawce o[: ~ ' ~
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