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Home My WebLink About2669S~ F}~iIBIT "C" AZT~1~D I~`PO AI~ID I~g1~ A PART ~OF. and shall dulr, promptly and [uily perform, discharge. execute. ettcct, completc, complr wich anJ abide by each and every the stipulations, agreements, conditions and coa~enants of said promissory note and o( this mortqage, then this mortgage and the eswte hereby created shall cea•.c aud be null and ~•oid. It is understood that each oE the words. "note:' "mortqagor" and "mortgaRee" respecti~•ely and the pronouns ret~ning thereto, whether in the singular or plural anyvchere in this mortRap,e, st~all bc sinqular it one onl~• and shall be plural jointly and severally, if more than one, and shall be masculine, feminine and!or neuter, wh~re~•er the contexc so implies or admits. And said 11(ortqagor [or himselt aud his heits. Icqal reprcten~ati~•es, succcssor. and aniRns, hereby covenants and aqrets to and with said ~tortqagte, his leqat representatives. sutctsson and as.iRns: !. To pay all and sinp,ular the principal and interat aud the ~~ari~us and sundr~ surm o( monc~• pa~•able by virtue of said promis~ory note, and this mortqaqe, each and every, prompd}' on the davs res~,ecti~•el~~ the same sc~enlly Fxcome due. 2. To pay all and singular~the wxes, assessments, levia, liabilitir+. obliRations aud incumbrances o( every nature and kind now on said de~triFxd proPerty, and; or that herea(ter mac be imFx,sed, tuff~red. ~latcd. Ic~•ied or asse~sed thercu~n, and/or that herea(ter may bt le~•ied or assessed upon this mortRaqe and,'or the iadeb~ednecs securec! herebr, each and ecery, when due and payablt accordi~iR to taw, before they become delinyuent, and betore am• iuterest attachec or an~• Peualt}• is incurred: and in so tar as any thereot is ot record the same sh~l! tx pmmptl} satis(ied and dixhary;ed ot rec~rd aud the or- iginal o[ficial document (such as, tor insunct, the tax rectipt or the sati•.(action paper otticiaD~• eudoned or certi(ied) shall bt placed in the hands of said ~tortqaRee within ten days nezt ~tter p:~~ment: and in the e~•e~u that au. therrnf is not so paid, satis(ied and dixharqcd, said ~(ortqaqee may at an~ tim~ pa~• the wmc or any part therrnf witFx~ut wai~•inR or at(ect- ing auy option. lien, equity or riqht under or by ~•irtue of ~h~. mortR~Rc. and- thc (ull amount i~f cach aiid e~ery wch pa~- meni shall be immediatdy due aud pa~•able and shall txar intcrest from thc datc thcreof un~il pai~t :~t thc rate o( ~cn ~~cr centum per annum aud toRether with such interest shall be secured by the lien o[ this m~rtRaRe. 3. To place and continuously keep on the buildings now or herea(ter situate on saicl t•rud tire and M•i~~d•torm insur- ance in the usual sundard policy (orm, in a sum not less eha~~ the I~i;;hest insurable ~alue, in such com~,auy or c~mpanieti as may be approved by uid MortRaqte: and all suth insurance policies on any of said buildiuRs, am• interest tl~ereiu or part thertof, in the aggreq~tt wm aforeuiJ or in excess thertof, shall contain tht usual staudard mortRaRee clause makiuR thc loss under said politits, tach and e~•ery. Payable to said ~lortgaRee as hi~ ~utrrest m~y appear, and each and e~•er}~ such polic~r shall be prompdy ddivered to and hcld bp said Jlortqaqce: and, not less than ten days in ad~~arece o( the exPiration of each policy, to delivtr to said 1lfortqaqee a renewal thertof, together with a receipt tor d~e prrmium ot such reneN-rl: and the:t sha11 be no such insunnce placed on any ot said buildinRs, any interest therein or part thereo(. unleis in the torm and with the loss payable as atoresaid: and in the event any sum ot money becomes pa}~able under wch policy nr policiec said ~iort~{agee shall have the option to receive and applr the same on account of tht iudebttdness xcured hereb~• or to permit said ~IortRa- gor to receive and use it or any part thereo( for oihrr purposes without therebg wai~•inR or impairinR am• equity. lien or right under or by cirtue o( this mortqage; and in the e~•ent said ~Iortgagor shall for anc reasnn [ai! to keep the said premi,es so insured, or tail to deliver prompdr any ot said policies ot insurance to said ~(onRaRee. or (ail promptl} to pay tullc any premium therefor. or in any rapect fail to perform, discharge. execute, ~tfeu, complete, compl~• Nith and abide b}• thi~ m~~- enant, or an~ part hereo[. said Mortgagee mar place and par Eor such insunnce or anr part thereof without wai.~ing or a(fecting anr option, lien, equity or right under or by virtue of this mortgage, and che tull amount of each and every such payment shall be imaud'utely due and parable and shall bear interes[ (rom the date thereot until paid at the rate o[ ten per centum per annum and together ~rith such interat shaU be secured by the lien o( this mortgage. S. To permit. oommit or wfter ao ~rute, impairment or deteriontion ot said propercy or any part thereo(. 5. To pay all and singular the costs, cturges and expenses, including reasonable lawyer s tees and cost o[ abs[racts o[ title, incurred or paid at anr cime by said 1lfortgagee because and/or in the e~ent of the (ailure on the part of the said ltortgagor [o duly, prompdy and (ullr perform, discharge. execute, et[ect, tompleee, comply wieh and abide by each and every the :tipulacions, aqretments, conditiont and covenants o[ said promissory noee, and this mortqaqe, any or either, and said costs, chuges and acpen~es, tach and every, shall be immediately due and parable, whether or noe there be notice, de- mand, attempt to collect or snit pending: and the full amount M each and every such payment shall bear interest from the date thereoE until ptid st the nte oE an per centum per annum; and all said oosu, charga and acpensa ~o incurred os paid, toqether „rith wch interat, shall be ucvred br the lien ot this mortgage. ~ -.:~~. : - ~~ ~~= } ~~' ~.n.._ _ _ B~~IK 347 PdCE~U62 ~~ ~ x~~ ~ ~~~°~ _