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Home My WebLink About0585 s 3 ~ } ~ ; . ~ ~ _ ; ~ ~ - ~ ~ . t _ ~ . - # . - s. , , and shall duly, promptly and fullp pertorm, discharge, execute, effect, com}~let~, ~omply with and abiQe by each ~ and e~•erp the stipulations, agreements, conditions and co~enants of said prom~ssory note and of this mortgage~ ~ - then this mortgage and the estate hereby created shall crsse and be null ancl eoid. ' It is understo~d that each of the «•ords. "note," "mortgagor" and "mongAgee" respectively and the pron- ~ ouns referring thereto, whether in the singular or plural anywhere in thls mortgage, shall be singulaa• 3t one o~y ~ _ and shall be plural jointiy and severally, if more than one, and shall tre ma.9culine, feminine and/or neuter, wher- j ever the contExt so implies or adm6ts. _ • - € And said Mortgagor tor himselt and his heirs, legal representatives, successors and assigns, hereby caven- ? ants ana agrees to and with said I?fortgagee, his legal representatives, successors and as~igns: ~ 1. To pay sil and sinl;ular the principa! and interest and the various and sundry sums ot money payable by i virtue of said promissory note, and this mortgage, each and every, promptl_~ on the days respectively the same ~everally become due. ~ . 2. To pay all and singvlar the taxes, assessments, levies, liabilities, obtiRations xnd incumbrance9 0! every nature and kin3 naw on said described. properly, and/or that he~-eafter may be imposed, suflered, placed, levied ~ or assesse~ thereupon, andlor that hereafter may be levied or assessed upon this martgage and/or the indented- _ 3 - ness secured hereDy, eaeh and every, ~chen due and ~ayable according to law, before they becomP delinquent, ~ ~ ancl be;ore any interest attaches or any pentlty is incurred; and in so far as any thereof is of record the same ` shall be promp;ly satisfied and discharbed of rzcord and the ori~ina? official document (such as, for i~istence, ;.he tax receipt or the satisfaction paper oYficially en~iorved or certifiedl . shall he placed in the hands af said , ~ Diortgagee K~thin ten days next after gayment: and in the e~•vnt that any thereof is not so paid, satisfied and ; r discharged, said Dfortg~gee ma} at any tirrte pay the same or any par[ thereot t~ithont waiti~ng or af~fecting ; ~i any option, lien, equity ar right under or b~• ~•irtue of th~s mort~age, and the full amo~ent of each and every ~ ~ _ such payment shall Le immediately -due and l~ayabie 1nd shall- bear intemst from the date thereof until paid ` - at the rate of ten per centurn Fer annum and together µ~lh~such interest ~hall be secured by ti~e lien.of thia ~ i` - - mortgage. - , _ . ~ ~ 3. To place and continuously ke~p on~ the bu~ldinrs nnw or hereafter situate on said land fire ar?d windstorm ~ ' r`IIaX1T~lum in such com- ~ : in9urance in the usual standard polic5• form, in a ~~m n~t less than S-.---.---------~- . pa;.y or comp^~:es as ma}• be approved by s;ii~i '~1~irti.,•ar~•e: un-1 ~ll such insurance policies on nny of s~td build- i . ings, any interest therein or part thereof, in the n; ~n~ate sum aforesaid or in excess thereof, 9t]AII contnin the _ : _ usual standard mnrt~age~ clause makin~ t'ie l~~~s ur.d~~r s:i~d policies, eac•h and e~•erp, payable to said Dtortga- t gee as his interesi ma}~ appear, and each ar.d e~•~ry si:~~h p~licy 3h~11 be prompUy deli~~ered to and held by said ' ~ riortga~ee; and, not less than ten da~s in ad~an~e of the expiration of each policy, to deliver to sxid htortgagee { a renetvai thereof: to~;ether w•i!h.a receipt for thA premi~~m ~f s~i~h r~ne~val; and there shall be no such insur- ance placed on an~ ot said buildin~s, any inlerest therein or part thereot, unle~s in the form and with the loss ~ payable as aforesaid; and in the e~-ent a,~y sum of morey becomes payable under such -policy or ~=olicies said ; biort~;agee shall ha~•e the option to recei~•e and apply the same on account ~i the indebtedness secure~l hereby or - _ 3 to permit said \tort~a~or to recei~•e and u~e it oc sny Part thereof for other put~oses without thereby t?aiving _ E or ;mpa:ring any equity, lien or ri~ht under or by ~•irtue of tiiis mortgage; and in the event said Mortgagor shall r for any relson fael to keep the said preniis~s so insue~d, or fail to deNver pro~nptly anp ot said policies of insurance to said ]ltortga~ee, or iait promptly ~6 n:l~ fn{ly any premiunt iherefar. or in any respect fail t~ per- form, discharge, exccifte, ~[fect, complete, co~nply ~~~th and abide by this co~•enant, ar any part hereof, ~aid ]1Sortg- agee may place and pay for such insurance or a~y part thereof without wai:ir.g or affecting any option, lien, _ - equity or_right under or b_y virtue of ihis mortKage, and the full aqiount of each and every such payment shall ' be immediately d>>e and payahle and aha31 bear intPrest from the dat~ thereot until paid at the rate ot ten per cEntum per annum and t~gether with such interest shall t,e ae::ured by the lizn oi this mortgage. : - ~ _ _ ; 4. To permlt, commit or st~ffer no waste, impairment or deterlaration of sald property or cny psrt th~reol. 6. To pay all and singular the costs, :.harbes and expenses, induding reasonable lawyer's fees and co9t of ; ~ atstracts of title, incurred or ~aid at an}r time by aaid Tiortgagee becauge and!or in the event oi the failtL~ on the. part oi the said Mor~ga~or to duly, promptly and fully p~riorm, discharge, eaecute, effect. complete, - ' complp v~~ith and ablde by each and every the stlpulations, agreement~, condit[ons and covenanta of said ~mmi~- ~ eory note, and Lhis mort~age, any or either, and said costs, charges and ezpenaes, each and every, shall be lm- mediately due and payable. whether or n~t there be notice, demnnd, attempt to coliect or auit pending• and the full amount ~t each and every such payment shall bear interest from the date t.t~ereof untll pald at the rate oi ~ ten per centum per annum: and all aafd costs, charge3 and eapenaes eo incurred or paid. together with sucb !n- tenst, ehall be eecured by the lten of ths mortgage. _ . i - ` . - . ~ - z ~ - ~ BOOK ~~U PAGE ~05 ~ _ . i