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HomeMy WebLinkAbout2737 . , ~ ~~• i•- -'~ ° ~ 1. To psy all and aingular the principsl and interest and other sums of money payable by virtue oi said promiasory note and this deed. or either. promptly on the daya respectively the aame aeverally become due. 2. To pay all and singular the taxes. asaessments, levies, liabilities, obligations and incum- brances of every nsture on said described prnperty. each and every. and if the same be not prnmptlq paid the ssid Mortgagee~ its successors, legal representatives or assigns. may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder. and every psyment so made shall bear interest from the date thereof .at the rate of }P*+ per cenk per snnum. S. To pay all and singular the costs. charges and expenses, including lawyer's iees, res- sonably incurred or paid at any time bq said Mortgagee, ita succesors~ legal representativea or assigns, because of the failure on tlie part o! the said Mortgagors__. h-~ heirs. legal representativea or asaigpa to perform. comply with and abide by each and every the stipulatione, agreements. conditions and covenants of said promissory note- and this deed. or either, and every auch payment shall bear interest from date at the rate of~-_per cent. per annum. 4. To keep the buildings now or hereafter on said land insured in a sum not less than hiahest i nsLable value ..~ollars. in a company or companies to be ap- proved bq said Martgagee. and the policy or policies held by and payable to said Mortgagee, its successors, legal representatives or assigns. and in the event any sum of money becomes pay- able under such policy or policie9~ the Mortgagee. its succesors, legal representatives or assigns shall have the option to receive and apply the same on account of the indebtedness hereby se- cured or to permiE the Mortgagor~ to receive and use it or any part thereof for other purposes, without hereby waiving or impairing any equity, lien or right under or by virtue of this mor~ gage, and may place and pay for such insurance or any part thereof without w ai~ ing or affecting the option to foreclose or any right hereunder, and each and e~ ery such payment shall bear in- terest from date at the rate of ten per cent. per annum. 5. To permit, commit or suffer no waste, impairment or deteriorY~tiop of said property or any part thereoi. 6. To perform, comply with~ and abide by each and every the stipulations. agreements~ conditions and covenents in said promissory note-, and in tt~is deed set forth. 7. If any of said sums of money herein referred to be'not promptly and fully paid ~vithin thirty days next after the same secerally Uecome due and payable, or if each and every the stipulations, agreements, conditions and co~enants of said promissury note- and this deed, or either. are not fully performed. complied with and abided by, the said aggregate sum men- tioned in said promissory note- shall become due and payable forthwith or thereafter at the option of the Mortgagee, its successors, legal representatives or assigns, as fulty and com- p18tely 8S lf tlle BAid 8ggi'ega~C 811II1 Ofs'HTRT,y $T~( THQjiSANp..~ Z'Wn._H(jjQpRFn ,~TIriF.TY S dollars were originally stipulated to be paid on such day, anything in said promissory note _ or herein to the contrary notwithstanding. IN WITNF.SS WHEREOF, the said Mortgagor _~ _~_liave hereunto set thP~ *" hand~and seal~-the day and year first above written. Si d, sealed and delivered in the presence oi: `~jC/~{/'_/ ~[~~ ~~V~.~/~I l,~~ - / ~~ - . ;`~' ,~ i , - , - ~ ...(i'.. _~'' / ~2.G1't~~~~_-- , /%r~ /~~.ur,un~~~d Fn~m-~l 6y: w ~~~i~hs~ ThislnstrumontWasPreP~redBr ~ 1tEERT L RO~EV, ~0~~ ;``•^ C`~unse' ~,~ral Ce~~c'-.;,r.:e~~ Cor.,~et.cn 1111 .; , ,. ., s ~,.. . "~_ ~:-3- ~% '~_~__ ~ ~_ ~ Y~, ~~°'~~ `~T~ - `~ `- (Seal) ADA L. MARTIN „`,t^K •j~lJ ~~GE? 1 •~~ &25/10