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HomeMy WebLinkAbout1680 !OHN FENNIMAN, CHARTERED aTTORNEV AT LAN •~.`5: O F FICE BOX NT! :t~!ART. FlON1OA S3Ht ~»sr ma3oo and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and ~every the stipulations, agreements, conditions.and covenants ~of said Promissory Note and of this 24ortgage, then this ~Mortgage and the estate hereby created shall cease and be null and void. It is understood that each of the words, "Note," "mortgagor," and "rlortgagee" respectively and the pronouns •referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one only and shall be plural jointly and~severally, if more than one, and shall be masculine, feminine and/or neuter, wherever the context so implies or admits. And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees to and with said Mortgagee, his legal representatives, successors and assigns: 1. 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, or either, promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances 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 indebtedness 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 is of record the same shall be promptly satisfied and discharged of record and the original official 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 (10) days next after payment; and in the event that any part 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 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 13 percent per annum and together with such interest shall be secured by the lien of this Mortgage. 3. To permit, commit or suffer no waste, impairment or deterior.ation of said property or any part thereof. 4. To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of title, incurred or paid at any time by said Mortgagee because and/or in the event of the failure on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete, comgly with and abide by each and every the stipulations, agreements, conditions and covenants of said Promissory Note, and this Mortgage, any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, demand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the rate of 13 percent per annum; and all said costs, charges and expenses so incurred or paid, together with such interest, 80~K346 Pac~~s76 -3- , _._.. ~,~