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HomeMy WebLinkAbout0459 AND thc said Mortgagor hereby covtnanta~ and agreee: - I. 'To pay all and sir~gealar the prin~ipal and inte.reat and othcr sums of money pay- abla by vireue of sa.id promi~.sory note stnd this deed, ~r either, promptly ar.d oh she daye rea~ecdvelp eh~ same saverally become due. 2. 'I'o pay all and singular the taxea, levies, li~bilides, vbligadons and encumbrances ~ ~f every r~ature heretofore or here~fter impcxitd, placcd, levied and ass~~ssed on said de- scri~d propext~, ea~ch and every, and if the s~mc be not promptly gaid prior-to delinquency the said Mortgagca may at any rime pay cha,sama without M?aivirtg or affecting the ~ption - to foreclQSe er ariy right hcreunder, aind the amount of every payment ao mAdc ahall bear interest from thc date thexeof at ~he raoe whieh aaid note btara and shall be s~cured by the lien af t~is mortga~e; the Mortgagor agrees to furniah w thc Mortga~e~ prior to April of ~ ~ach year rcccipts far ~11 ad valorcm taxes paid by the l~+~ortgagor. . _ ; 3. To pay all and singular the costa, chargea an~~ ezpetsses, including lawyer's fees, - r_ r~asonably in~urred or paid at any time by aaid Mort,gagoe ixcause of the failure on t~ae part of the said Mortga,~or to perform, connply"with and abidc by each and every t:~e stip- - - uladons, agrecments, condit~ons and cove~ants of s~id nott and this deed, or either, and the . amount of every such" payment~shall bear intcr~at frosn date at rhe rate which said notc ` bear~ and shall i~e secured b the lien of this mort ~ - ~ ~ ~ - - , ~ e Y . 8~8 - . _ t ~ - ~ . _ - - - ~ x. To keep the bui~dings now or her~after on said land iri3ured against los~ by fira in 4 a sum not less than the amount of this mortgag~e from wrie to tim~ oustanding and unpaid, ~ r and i~sured agairESt-loss by windstorm in a sum no~ less than ~p~ the , full insurable value of said premises in a compa.ny ~or cornpanies to be approved by Moru- - r gagee, and ~ the policy or policies held by _and payable to said Martgagee, and, in the . . F event any sum of money becomes payablc under such policy or policies, the Mortgagec ~ shall have the option to receivc ~nd agply the aaine on account of the obligation herGby . ~ ~ ~ serured or to permit the 1VIortgagor to rc:ceive and use it, o: any "part thercof, for ~ oth~r purposes, without thereby waiving s~r impairing ~tny equity, lien, or right under oc ~ by virtue of_this mortgage, and may Qla~e and pay for such insurance or ar~y pa~t thtrt~f ~ without yvaiving or affecting the option ~o fore~lose or r~ny right hereunder, and the ~ aznount of each and every such paymsnt shall bear intGreat from date at the rate whi~h ~ - said note bears and shall be secured by the lien of thia mortgage. < ~ - ~ _ - ~ 5. To _ permit, commit or ~suffer no waste, impairment or deterioration of said pro• ' ~ perty or any part thereof, and to keep and maint~in the~ building or buildings now located ' upon or hereafter constructe~ upon t~e premisea hereinbefore described in good condition ~ and repa.ir, and from rime to time make such rapa.irs, i.~proven=.ents or replaceaients upon ~ - and to said building or buildings as may be necessary tu kcep the same in goad condition ` and repair. - _ . . ~ S. To perform, com~ly with and abid~ by each and every thc stigulations, agxee- ; ments, conditions and covenants in said pror:iissory note and in this deed set ~orth. ~ 7. If any of said sums of money herein referred to be not promptly and fully paid ~ withix~ thirty days next ~fter the same severally becor.ne due and payable, or if each and ~ evety the stipulations, agreements, conditiom and covenants af said promissory note and _ - F this deed, or either, are nat duly performed, compli~d with and abided by, the said - ~ aggregate sum mentioned in said note then remaining unpaid, with accrued interest and ~ F alI other sums seCUred hereby shall become due a~nd payable furthwith or thereaft.er at ~ ~ thz option of the Mortg~gee, as_ fuLy and completely as if t~ie said sums were originally - ~ - stipulated to~ be paid on such dap, anvthing in said protnissory note or her~:n t~ .*hz s - ~ contrary notwithstanding. - . ~ . _ - - ~ . - ~ 8. That shoutd suit be brought upon this mortgage and the Mortgagee apply f~+r - - the appointment of a keceiver, the Court shall forth~ith and without notice to the Mort- ~ gagor (or other defendants) appoint a Receiver of said property, including the incame, - pro:its, issues and revenues therefrom: Such appointment shall be made as a matter of ~ absolute right of the Mortgaaee without reference to -the adequacy or inadequacy of the ~ value of the property mortg~ged or to the solver.zy or insolvency o~ the Mortgagor. ~ BOOK~~.+~~ PACE ~e~ _ _ ~ ~ ~ - - . _ _ .