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HomeMy WebLinkAbout0955.~ and shall 4uiy, rromptty and fully p~rform, A~~rhnr~;e, ez~rut~ r!t~•~•!. ~nm~~:Ptr, .•nmpl~ with and abide Dy each and e~e~:v ;f.~ st;E.uia:ions, agrecmt•nis. rondit~~.:i9 ar:4 ,~~+c;•nan±, ~~t s..;~1 {~n r::.,~•,r~• nute snd ~~! Lt~~ morL~;age, :n~~r. th~s m.~rttiage and the estate hPteDy creatrd shsll ceas~• and he nuli ana •.r.: ! It i~ e:nderstood that each o[ the u•ord~. "note." '~mort~:•~;or-' anA "mrtt~;:i~;ce° r~spe~Uvely and the pron- our.s refernng thereto, wAether in thr singulsr or plur~l sny~~hPrr ~n th1~ mnrtgaRe, ~hall br ~~ngular ~t one only and ~hall -~e plural ~ointly nnd sevPrall}•. ~t mure than on~, an;f Sn:~)I !w• mr~vcul~r;e, t~m~:~~ne and or neuter, v-•her- ~~rr the conieXt su implie9 or adm~l~. And ~atd Mortgagor for himself and hi~ he~r~, IeRal representati~•es, su~-ce~gor~ and ~v~~, hrreby coven- ant~ ana agree~ to and wzth aaid Mortgagee, h~s legxl repre~entat-~•~+. ~u:c~5so.s anA a~s~gna: 1. To pay all and singular the pnnc~pa! and ~nterrt[ ar.d the var~ouy and ~undry ~um~ of mon~y payable Dy virtue ~,f sa~d prom~s~ory note, and t1u~ r:~ortgage, each end e~~rry, prnmpU~• on the dayn re~per4veiy the same ~e~-era:ly become due. 2. To pa~ all and ~~nRular the tax~~. ~essm~•nt.<., le~•~r~. 1~aA;hties, ot,l~~ph~~n~ rand in~~umbranre~ of e~•ery neiure nnd k~nd now• on 9aid de~cr~t~d prop~rty, and nr [hat A~r~af:er m~y t,p ~m~s~d ~ufferrd, pla~ed. Ir~•~Pd or as.~essed thereupon, and or that heresfter may Dr 1.•~•:~:5 nr A: ~~•~v~ ! upun th~s mnrt~:~~;e and or thr ~ndebted- n~•ss aP~urcd h~rPby, earh and e~•ert•, w•hen du~ anA t~a~able a<rnrri:r.~ t.i taw. D.•fr~rP th~y becnme :it~4nquent, anri b. tore any interest 3ttaches or an~• penal[y iti srr urr.•.f. an:1 .n 9_^• f:ir as hnt th~r.~of ~~ of r~:ord the same ~ha11 be promptly satuf:ed nnd d~srhar~rd of rrcord and th~ or.~;~nal off;ci.st ~tncurnent ~~u~h a~,.for uistance. :RP tax receipt er ~he sat:sf:u-Lon pa~Pr otfi^:all~• enlor~;~~f nr .~•r2i:u~d~ shall ~r ~~IRfPA !n the hnnd~ of sa~d Stort~.i~~e w~ih~n ten Aays nPxt after ~ayment; and en thr errnt thst :-n}' therrr~f :~ not ~~ patd, sat~sfced and di~charRed. sa~d 2linrtRa~ee map at any t+m~ pay thr s.~m~• ~r ane part tRrrrnf u-~thnut w•a:~~nR or afR•rting a.^.y option. 1«n. Pqu~t~• nr nRht umirr ~r b~• ~':r;uP nf th:: m~~rt~;a~~~. ~-nr1 th~ full emount of each and P~'ery surh ~a}~ment aha!! t~r imm~~d~atplv due am1 ~•ay:~nt~ .irni c!;{11 hPHf ~n!~r~~t frr,n~ ih~ ilnte ihereot unt~] pa~d at the ra;e of t~•n per cPntura per annum xn«i t~~~Pth••r w^th uirh mtereyt .hall b~• secured by the Lcn of thu mort~aRe. 3. To place and cont~nunusly ke~p on the bu td,n~s m~w• ~r hereatt~r nttuate on ~a~d land fire and w~ndst~rm Insurar.cP m Ur u~;:al >:ar:dar~i E~~d~.~t• *~~rm. ~r. a~urr. n~.! lesv thrtn s Maximum .,R ~uch com- part~• ~r cnrn;,• :;, ;-~s n;ati• b~ a;~pr~,~~r.i Dy ~a.•l ~1nrt~a:r. e. ,~r: t ai: ,u~ h instir:~n. P pnli~~c~ nn nny nf eRid bu~ld- m~s. any ~n~Pres[ the;e~n or ~art thPre~f. ~n t~P aCCrr~:trF• aurn afnrr4aiA or -n ex~es, th.r~nf, ~haU rnnte~n the usual stan~lanl 'I:~~f~CRQPP ~~lauc~ !n~k:n~ thr i.~~r ur~i~•r v+:d ~.~l:~-sr.r. e:+~ h en~1 e~•Pry, pRpable ~o SAfd D1niL~3- R~e .+~ his ln~rr~s; mac anp~ar, an f~a~ h!~~ 1~~ ••~ c~~ h r~:+: ~• ~hait ~e pmmpt ly r1~1~~•ere4 to and hrid by ~a~d 11J~rt~a~~e. ar.d nr,t less than !~n ~1avs ~n :~~t:an~~e ~f thr Px~irat,~n ~f Parh po1:~V. to dehv~r to caid btort~a~~e e renF•a•al thPrenf tn~ether w-~ih e rerp~pt f~r thP ~r~m:~~m ~,r +~! ~h r~~uw•wl anA thPre ~hell bc no such ~nsur- an~~ placrA ~n anj• ~[ ~aiA ~.u:f~fir.~s, any ~ni•~n~st th~rr,n nr rart ther~ot, un1~~9 ~n th~ form and w;tA th~ in~s pa~•ahiP as atn~p5airi; Aift1 ~n the e~~Pnt an~~ sum of mnr.ry h~rnmP~ payebl~ und~r vnch ~,Ucy or ~+o;i~~ea ssid Mnrt~;a~eP shall ha~•e the npti~~n tn r~re:~•r and ~~+pl~• the ~amr ~n a~rount ot th~ 1nd~Dt•Anes~ ~ecure~i her~by or t~ r~rnut a~.d ~tnrl~a~~c to rP~ci~•~ :+nr1 +~s~ it or ~nv rwr: ther~nf for othrr p~ir(~n~e~ wnthout ther~by vva~vinq or ~m~+a~nn~ xn: equ~ty IEen ~r n~ht under nr Dy ~•irtue of th~v m~rt~a~e, and ~n th~ event ~aiQ M~rt~a~;or ~hall fnr r+n~: rr~t~.~ (~~! tn k~~p th~ ~ai ! pr•~m~~~c ~n tn~~ir~r1. nr fa~l t.~ dNl~•~r promptly am• o[ ~aid pnlrcie~ of insursn~e tn savf :~inrt~aR~•r. ~r ;~ul promptiv t~ p~~• fc~ii~ any pr~mium therPMr, or ~n any re~pert [afl ln per- form dischar~o, exrr!!-P, r~f(Prt, complet~. comply w~lh end aAid~ by thi~ ~ovenenl, or any part hercot, aa~d ]ltortg- aReP may pia~P ar.r1 pa~• Mr SqCA ~n~urence or nny pa~t th~r~nf withnui w•ai~•in~ or effe~tin~ any opt~nn. h~n. equ~ty or r.aht :~ndrr nr h~• e~rtue of this mortRa~~ an~l th~ full am~,~~nt of ~a~h end ev~ry stich peymPnt '.haU Dr fmmedintP~y AuP and pat•aDle enA ~hap txar intPr~st from tAe dete ther~of un111 paid at the nte of trn per rPntum p~r annum nnd tnR~th~r with .uch Interest ~hal) be eecured by the Gen of thb mortRa~e. 1. To perml[, c~mmit or ~uff~r no w•e~te, :mpa~rment or detertontion o[ aald property or a.~y part the~~of. 6. To pay nU and vn~ulsr the ~o+t~, charRe~ and exp~nse~, mclud~nR re~onsDle ~aKyer~ fee~ anA cost o: ab~tracte ot t~tle. In~tirrPd or pnfd at any time by aald M~rtRaRee br~auae and ~or ln the event ot the f~liure on the part ot the sald MortgaRor to duly, promptly •nd N11y perform, dlicharRe, execute, etfect, complete. comply u~th and aDlA~ by eacA and ev~ry the ~Upulations, agreements, oond~tlon~ and covenanb ot na~d promis- ~ory n~te, and thi~ mortRaRe, any or elther, and sald coats, charqe~ and e~[penses. cach and every, sball De Im- med~ately due end payabte, whether or not the-e De not~ce, demand, attempt to collect or rult pending: and th~ tull ~mount of each anA every such payment ahaii bear fntereat trom ths dab t2~sreoi unW pdd at th~ nte ot ten per centum per aiu~um; and ali sald co~L, c~~r~e~ ~nA ~=pea~e~ ~o Incurred or pald. to~ether writh ~ueb 1n- tereit~ ~hail bs ~erured by ths ilen ot W~ mortga~s. 6 1 9 ~ -__ ~.? .-~+ _ ..a ~~ ~4~ PaGF ~5~ ~^~x ~ ~ - T~ _ _~,. ..y'-~.