HomeMy WebLinkAbout2233~ritUtdPd t~lU~1~H, that if sutrl ,hlortgugnr slt~tll paty t~nto thF suirt .Jl~Iort~sa~Pe
the certuin pr+omiesory no~e, o~' iul~ich the j'olluu~ii~~ in wurc~s rtnd Jl~ures is u trice cupJ,
to wi~: . •
antl shall perjo~na, ~oniplJ rcit)r aiid abide bJ e~ch and et•ery the stfpulatiores,
agreements, conditions and covenants of said prom.issory note and of this deed, then
this deed a2d tlae estate hereb~ created shall cea,se and be null and void.
.~tii~ tlr~e said .~lort~'a~s'or hereby covenants and agrees:
.1. T~ pay oll and sin~ular thr prin.~ipal and intPrPat u»d ~t.hPr s:cm.s ~,j moneJ
payable bJ zirtue nj sai~l pm~»iss~rJ n~,t~ un~l this ~/P~d, or Pitlt~r, pr~~niptl~ ~-n the
days res~ec.tiz~el~ the sam.e sei~erallr~ co»te clr~P.
Q- To paJ all a~ad sin.~t~lar t.he tnx~s, a4eessin.ents, leviPS, liafiiliti~~s, ~,hlisatiarts
~Ynd encumhrances oj every nature on saul ~lescriZed propertJ ea-•h ancl et~Pry, and
if the same be not promptly pacid the sdid ,~lort~a~'ee may cct any time pay the s¢me
without waivin~' or 2ffecting the option to foreclose or any right hereuitder, and every
pccyment ao mrrde shall beczr interest from the date thereof ctt the r~zte of
per cent. per ccnnum.
~. ?'o pay ali and sin~ular the cust.s, charg.~e and expenses, iyrcluding lawJer's
fees, reasonably incurred or pa,id at any time by sccid .hlort~'agee becaicse of the failure
on the part of tjie sacid JKortgagor to perform, eo~nply wiih and abide by each and
every the stipulcttions, agreements, conditions and covenants ot' said promissor~ note
and this deed, or either, and every such pdyment shcall bear interest f'rom c~te at the
rate of per cent. per dnnum. .
~i. To keep the 6~iikiing n.aiv or herea~ter ~~i sui.d land rn4ured i~i n 4um not
less than
D~,Uars, in a cnmp~n~ or ~~nncparries to
be 2pProved by said JKortgagee, and the potic~ or polici,es held by and paycrLle to said
Jrfort~a~ee, and t:n tlte event any sum of monoy beconaes paJqble under such policy or
policies, the .Mort~'ac~ee shall hacve the option to receive dnd upply the same on account
of the indebtedness hereby secured or to perrnit the JKort~sa~sor t~o receive and use it, or
any,vart thereof, for other purposes, wi`hout thereby ivaivin~' or~impairing any equity
lien or ri$ht under or by uirtue of this mortga~se, cend may plctce and pa~ for such
insurance or any part thereof, without waiving or acf~'ecting the option to foreclose or
any right hereunder, and each and every such pcaym,ent siualt bear izteresE fro~rc date
at the rute of per cent. per annu~n.
, . ~ Bnt~c~~~ PecF~~,J~
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