HomeMy WebLinkAbout0599
I;
~.
1
~ I 1
I ! 1 ~
i I .
~; i
'~ j j I
„~
, ;I I
,;~ ~ Rnd shall perJorm, comply zeith and abide b~ each nnd ever~ the stipulations, agreements. condiiions and
,~~~ covenants oJ said prum~.ssory note____..and of this deed, then this deed and the estate thereby created shaA
,~; ~ cease and be null and void:
;+i i 1. The Mortgagor hereby covenants asul agrees: ~
, (a) To pay atl and sing~dar the principa.l and interest and the vario:~s a»d sundry sums oJ
~~' ~ mo~ey payable by virtue oj the above deseribed promissory note_____.; and this mortgage, and
~; ~ arey and aA reneuals o~ thc same, or any pdrt thereoJ, and also any and all other loans and/or
~; ; advaneements u•hieh mny Le »zade by Mortpagee to Mortpagor~ promptly on the days respec-
`!, 1 tively the same severally become due.
~~ i (b) To pay aU and sinpular the taxes, assess»ients, lei~ies, liabilities, obtigatirins and encum-
' j~ ~ bra~nces oj every na.ture, on said described property each a~id ei:ery, and ij the same be not
,' ~ promptly pa.id the 1~lortgngee may at any ttme pay the same without zvaivinp or afJecting the
~: ~ option to foreclose or any right h*euruler arad ez~ery payment so made shall bear inferest from
; the date thereoj at the rate of ....................per centu~n per attnum.
~~ (e) To pa.y all and singular the costs, charges and expenses, including lawyer's ~ees and abs-
; i tract costs reasmzably incurred or paid a# any time by the 1~tortgagee beca.use of the failure o~
' ~~ the part oj the Mortpagor to perJorm, eomply u~ith and abide by each and every the stipulations,
'' apreements. eonditions and coae~-tants of said indebtedness artd said promissory note__.___and this
~~' deed, or either, and every such payment shall bear interesf jrom date at the raLe oJ_.__._*...__._.._
, ~ per centum per a.nnum.
;;' (d) To keep the buildings nozc or herearter on sai¢ land insured against loss by fire and wind-
' i; storm in a sum not iess than Sf_u17.__inS4i?r~?lg Y~$~eompany or companies aeceptable to the
~~ Mortgagee arul the policy or ~olicies shall be held and payable to the Mortpagee. ln th.e event any
; ,.:
;, I sum of money becomes payable under such policy or policies, the Mortgagee skall haze the op-
i~ tion to receii~e and apply the same on accoun.t oj the indebtedness hereby secured, or to perm:t
the Mortpagor to rece:ve and use. it or any part thereoj ~or other pu,rposes, uithout ihereL~
'~; ; u~cciving or impairinp any equity, lien or right under or by uirtue of this deed, and the Atort-
;~ gapee may place and pay for such insurance or any part thereoj uithout waiving or affecting
j, ; the option to Joreclose or any right fhereunder, and each and every such ~w,yment shall bear
;' . interest ~rom date at the rate oj__.__._._.*_______.__per eentum per annum.
;!'
~ i; (e) To permii, commit or suffer no waste, impairment or deteriora.tion of said property ar
~ ~. i any part thereof.
; ~ j (j) That iJ an~ of said sums of money herein referred to be not promptly and jully paid u~ith-
' in_____1_Q__ days nezt after Lhe same seierally becomes due and payable, or i~ each and every the
; i, j stipulations, agreements, conditions and covenants of said promissory note and this deed, ar
~; either, are not jully performed, eomplied zcith and abided by, the said aggregate sum rreentioned
';; i, in said pru~nis4ory note, and any renewal thereoj, and all indebtedness jrom Mortgagor to Mort-
;;; gagee, shaU become due arul payable forthuith, or thereafter at the option of the Mortgagee as
'; Juily and eompletely as if the said agpregate sum of said indebtedness a»d said promissory note
,~, uas originnlly stipulated to be paid on sueh day, anything in said promissory ndte or herein to
the contrary notwithstanding. ~"
`' ! (g) That in order Lo aeeelerate the maturity o~ the indebtedness hereby secured, because oJ the
;; ; jailure oj the Mortgapor to pay any taz, assessment, Iiability, obligati{-n or encumbrnnee upon
'"; ~said property; as herein provided, it shalt not be necessary nor requisite that the ~~lortgagee
' I; sha.l! first pay the same.
,'~ (h) To perjorm, eomply u;ith and abide by each and euery the stipulatimis, agreements, con-
'' ditions and couenants in said promissory noLe and in this deed set forth.
i~
;'; ~ ~. The lien hereoj shaU extend to and inetude the use, renis, and profits o/ said pre»zises, but the
.~lortpagar shall hat~e the right to remain in possession of said premise.s and enjo~ the use, and to receivc
~ ~, ' thc rents and profits thereof, acithout accounti~tg to the Mortguy.ee thereJor, su lo~tg as there s)call be no
!; deJault. hereunder, prorrded that in the event oJ a~iy-such default heretender for a period oJ.._.10_..____.___
~'' da~s, the lliortgagee s)call be entitled to the possession and use oJ said mortgaged pre~nises, und to re-
~ ~:
~ i; ~ ceive and apply the net rents and profits thereof, upon. and to:vard the payment oJ the indebtedness here-
' ~ - by seeured.
' I~ S. In the event there shaU be Jiled a biU to forecluse this deed, tl~e plaintiJJ shall i»imediatel~~ and
~~+' without notice be entitled to the appoin~~n.ent o~ a recei~•er ~or the mortgaged property and the rents,
; I~~ enrninps, issues, income and projits thereof, zi•ith the usual power of receiuers in sucli tases, nnd such
;~ i~ recciver mu.y be co»tinued in possession of said property and of said ren~s, earntngs issues, income and
j,; Profits oj said propert~ during the pendency of such foreclosure suit, and the 11lortgagor here6~ speci-
~ /ically uaives the ripht to objec.t to such a~rpointment and ccrosents that such appointn~ent shall bP mnde
i'f
* highest rate permitted by la~v
~~ ,
bn~x 349 cat~E s~