HomeMy WebLinkAbout0545SEE EXHIBIT "A" ATTACHED HERETO
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and shall dulr, promptly and [uliy per[orm, discharge, ezecute. efEcct, complete, comply with and abide by each and every
the stipulations, agreements, couditim~s and co~•enants ot uid promissory note aud of chis mortqage, then this mortga~e and
the esWtt hereby created shall cta•.t amt be null and ~-oid.
It is understood that each ot the words. "note;' "mortgagor" and "mortRaqee" respecti.•ely and the pr~nouns tef~rring
thereto, whether in th~ singular or plural anywhere in this mortRa~{t, shall be sinqular if one onl~• and shall be plura! jointly
and xverally. if more than one, and shall be masculine, feminine and!or neuter, where~er the concext so implics or admits.
And said ~tortgagor tor himsel( aud his heirs, leqal repreuntati~•es, successor+ aud assiRns, hereb~ tovenants and aqrees
to and ~vith said ~tortgagee, his Iegal reprtsentatives, successon and asciRns: .
l. To pay all and sinRular tht principal and interesc and tl~e ~•arious and sundn• sum. oi monc~• pa~•able by rirtue of
said promissory note, and this mortgage, each and t~•er), promptlp on the davs respecti~•ely the same secerallv become due.
2. To pay all and singular the taxes, assessmen[s, levies, liabilitics, obliRa~ions aud incumbrances ot e~•ery nature and
kind now on said de~tribed propertp, and jor thu hereatter ma}• be imFx,sed. suf(ered, placcd, le~•ied or asse~sed thercupon.
and/or that hereafter may be le~•ied or assessed upon this mort~aRe and'~r ehe indebtedness secured hereb~•. tach and ecer~•.
when due and payable according [o law, befort they betome delinquent, auc! be(ore an~• iutrrest attachec ~~r am~ pcualt~• is
incurred: and in so far as anq thtrto[ is of record the samt shall tx pmmptly satis(ied and dixhar~;ed of rernrd and ~he or-
iqinal o[(icul document (such as, for instance, the tax rectipt or the sati•(action pa~~er otticiall~ er~dorstd nr certitic~cl) shall
be placetii in the hands of said ttortRaRee w~thiu ten days next atter p:~cment: and iu the t~•ent that a~~~ thereo( is not so
p~id, satisfied and discharged, said Jlortgagte map at an} time pa~• the came or au~• part therc~( without wai~in~ or af(ec~-
inq a~~}• option. lie~, eyuity or riqht under or by ~•irtue ot th~c mortRaRe_ and the tull amount of eath an~1 ecer~• cuch pa~~-
ment shall be immediatdy due aud payable and sl~all txar intcrect trom thc d~tc tl~ercr.f uiitil ~-~i~l :it ~I-e rate of ~cu ~,~r
centum per annum and together with such interest shall be secured bv the lien o( this m~rtRaRe.
3. To Place and continuousl} k~ep on the buildings now or hereafter situate on wid land tire auel r.ir.d•torm insur-
anct in the usual sundard polic~ torm, in a sum not less than tl~e lii;;hest insurable calue, in such com~-an~• ~r cam~~anitti as
may be approved by said MortRagee: a~d all such insunnce policits on an~ ot said buildinRs, anc ioterest ~l~erein or part
thereof, in the aqqregate sum afotesaid or in eacess thereof, shall contain the usual stauJard mortRaRee dause makiuR the
loss under said policies, each and n•erq, par•ablt to said ~tort~a~ce as hi~ iiiterest ma}• ap~xar. and each ~nd e~•er~~ such policy
shall be promptly dtlivered to and held by said Alortqagee: and. not leu than ten dayc in ad~~ance of thr expiration o[ each
policy, to deliver to said 1-tortRaqee a renewal thereot, together with a receipt for the premium o( aud~ rene~.al: and the:e
shall be no such insurance placed on any o( said buildinRs, any interest thereiu or par[ thereof. unless in the (orm and with
the loss payablt as aforcsaid; and in the event any wm oE money becomn pa~~able under such polic}• or policiec said ~tortRay,ee
shall have the option to receive and apply ehe same on account of the ii~debtednecs secured hereh~• or to permi[ said \IortRa-
gor to receice and use it or an~• part ther~o( for other purPoses without thereby Nai~•in~ or impairinR an}~ equit~, lien or
right under or by airtue ot this mortRage: and in the e~•ent uid ~f~rtgaqor shall tor an~• mason (ail to keep the said premi,es
so insured, or tail to deliver promptly any ot said Policies of insurance to said \fortRaRee, or tail promptly to pa~ tullv any
premium there[or, or in any respett fail to perform, discharge, execute, et(ect. complete. compl~ with and abidr b} thic cm•-
enant, or an~ part htreof, said Mor~gagee mar place and pay tor such insurance or anr part thereof without wai~ing or
a(tecting anY option, lien, equity or right under or br virtue of this mortgage, and the (ull amount of each and every wch
payment shall be immtdiately due and paYable and atuU bear interest from the date thereo[ until paid at thc ratc of ten
per centum per annum and together with such ineerest shaU be securcd by ehe lien of this moreqage.
4. To permit, oommit or wtter no w~aste, impairmmt or deterioration of said property or any parf thereof.
5. To par a11 and singular the costs, charges and ezpenses, including reasonable lawytt's fees and cost oE abstracts of
title, incurred or paid at any time by said Mortgagee becawe and/or in the event of the tailure on the part o( the said
11tor[gagor [o dulr, prompdy and Inlly perform, discharge, ezecute, e(Iat, complete, comply with and abide by each and
every the stipulations, aqreements, conditions and covenants of said promissory note, and this mortqage, any or either, and
said costs, chuges and acpenses, tath and every, sha11 ba immed~ately due and payable, whether or not there be notice, de-
mand, attempt to collect ot suit pendinq: and the full amount o[ tach and every such payment shall bear interest from the
dace t6trcoE unu'1 paid at the nte of ten per centum per annum; and all said oosu, charga and dcpensp io incvtred os paid,
together with wch interat, shaU be xcured by the lien of this mortgage.
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