HomeMy WebLinkAbout1663~ritUtdp~1 MIlU~i1JH. tltat if sai~l• Jltort~agor shull paJ ttitto th~~ sui~f .~lorf~ag~e
the certuin pn~n:i~sorr~ nule, uj' r~~%icle ll~e j'ullu~i ing i~e tvurcls ~rn~l ~i~ures is ~r tri~e copJ,
to wit:
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a~rd shall ~.erjo~ni, ~~»rpl~~ u•ith ~~iid at~i~le hJ e~tc/r a~rd er•ery tlre slipttlations,
a~reerrients, conditio~es and covenants of said promissory note and of this deed, then
this deed and t/ae estate herebJ created sirall ~eas~ a.nd Le n~ill and e•ai~l.
.C~ttil the said .,~tort~agor hereby e~~uenants and a~rees:
-1. To puy ull and sin~ular th~ pri.n~ipal nn~l in.t~rvxt u~id ~~th~~r sr~ms nj nione~~
J,aJalile ht~ r•irtue ~,j ~nid pr~~ntiss.~rr~ ~r..tr ~~n~1 this ~1~~•~I, nr ~ilhr•r, prnn~p~/r~ .--~ thP
claJs respe~tii•elJ tlre sumc~ sei~~rul1J ~onte~ Jr~~.
~. Tn pai~ all uiirl sin~sulur tJre t~ixf~s, crscets~~i~~nts. /ei•i~~~, linl,iliti~•~, .~l-/ioution~
un~ en~rcnabra~aees o/' %~•erJ n~tt.ure oii sai~l ~l~s~•ribe~d prop~rlJ ec~^h an~l e~•~ry, an~l
if the same be not promptly pccial the said. .~lortga~see maJ ctt anJ tim.e paJ~ the sam.e
wit,hout uaiving or aj~'ec~in~' the option to foreclose or any ri-~Irt heretc~rder, and ererrJ
payme~at so ma,de sha.ll bear interest from the date therenf c~t tlee rate of thirteen
per cent. per ar~num_ .
~f. 7'o pay all and sin~ular the c~,sts, charg~~c an~l ~xpriises, in~•lri.~ling larc~~er's
fees, reasonably incurred or pa~id at ¢ny time by said ~liort~'a~see becar~se of !lre failtcre
on the part of the saitl .Nlortgagor to perfor~n, eo~rtpZJ u•ith a~~~l c~hi~l~ lir/ eaeh a~td
every the stipulations, agreements, conditions and coi~ena~its of snid t~romissorJ note
and this deed, or either, and ev$ry such payment shall Lear i~aterest j'ronz date at the
rate of thirteen pej• cent. per annum.
~. To kPPn tiee building n~~u~ ur hF~r~ajl~r nn sr~i~! /~l~td insrire~! i-i a sum ni~t
less l.hu~r. ,
Maximum insurable valueUnllurs, in a co~npu-ir~ nr ~•~~~r~.puni~~s t~~
be approved by said .1~fort~cc~ee, and the polic~ or policies held .hy and pa,yable to said
.~fort~agee, and i~z the er~ent any srcna of ~nonoJ becomes ~~a~ab1P ri~zder such policy or
policies, the JYlortgc~g'ee shall have the option to recei.ve ~nd upp1J the same on uccot~nt
of the indebtedness herebtj secured or to permit the .~fortga~or to receive and use it, or
any pctrt ticereof; for other pt~rposes, wi`.hout thcreby tcaiviz~ or impairin~ anJ eqt~ity
lien or ri~ht under or by virtue of this ~nortga~e, and may plcu;e and pa J for suctr.
insurance or any part thereof, without u•aiz~in~ or aJ~'ectin~ the optio~a to forPClose or
an.y right hereunder, and each and every such pcty~nent shall bear interest from date
at the rute of thirteen per eent. per annurra.
~ ~nK 349 PAGE 16~3
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