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Home My WebLink About1595 ' i ~ . _ ~ ~ ~ . ' . ~ ~ i ~ ~ ~ . . . ~ ~ . ~ i ' - ~ . ' t ' • . snd shall duly~ promptiy snd tulty pertorm, disct?argc. execute~ eftect. complete. compIy wlth and abIde by esch and everp the stlpulations, agreements. cortdittons and covenants _of ~aid prom~seory hO~P. and o! this mortgage, then th1~ mortgag~ and the estate hereby created shall cease and be null and void. ' • It [s understood that each o! the wotds, "note." "mort~agoY' and ''.nortgagee" respectIvely and the pron- ouns reterring thereto, whether in the a[ngular or plural anywhere tn thls mortgage. shall.be aingular )f one only and ahall be plural jotntly and severally, it more tt?an one, and shall be masculine~ temin[ne and/or neut~r. wher~ ever the context so inplies or adrrm[ta. ~ - - ~ • - And said :dortgagor for himsel[~and his hetrs. legal representatives, successors and asslgn9, hereby rnven~ ~ anta ana agrees to and wikh said Tiostgagee, his legol representutives, successOrs and as9igns: ' . ~ 1. To pay all and singular the principal and fnterest and the various and sundr~? sums of money pnyable by virtue ot aatd promissory note, and thi~ mortgage, each and every~ prompUy on the dsy9 re9pecUvely the same aeverally become due. _ - - - _ 2. ~o pay alt .and ~ingul~r the taxea, assessments. levies, liabitities, obl[gationa ~and incumDrance~ of every . nature and kind now on said described property. and/or that hereafter may be imposed. snffered. placed, levied or assessed thereupon, and/or that hereatter may be levled or assessed upon this mortgage and/or the indebt~d- ness secured hereby. each and every, when due and payable accord[ng to law~ before they become detinquent, and before any interest attarhes or any penafty is incurred; and in so far a.9 a.~y thereot is ot record the same shali be promptly satisfieci and dIscharoed o~ record and the original official document (such as, for i~istance, = the tax receipi ar the sati~faction paper officiaUy endorsed or certitied) shall be placed in the hands of said • Mortgagee wii'nin ten days next atter payment; and 1n the e~•ent that any ihereof is not sa paid, satisfied and dischar~ed, said biortgagee may at ~ny time pay the same or any part thercof ~vithout waivin~ or affecting any optiCn. lten, equity or right under or by virtue of this mortgage, and the fuli amount ot each and every . auch payment shalt be immediately @ue and payable ~nd shal! bear inlerest trom _the. date thereot until patd ~ at the rate ot ten per centurn per annum and to~ether ~r~ilh such interest shall be secured by the lien ot this mortgage. _ _ ~ ~ To place and continuously keep on the buildin;s n4~v or hereatter sltuate on said lana tiee and windstocm insurance In the usual standard pol[cy fnrm, In a ~um not les9 than - in such com- _ ( pany or cum~^nies a~ rnay be approved by s1ir1 Tlnrtga~ce; and nil such insur.~nce polic[es on su?y of said build- ~ ings, any interest ther~in or part thereof, in the a~~regate aum atoresaid or in excess thereo[, shall Cantain the ; usual standard mortgagee clause making tlie loss ur.d~r s:iid policies, each nnd every, payable to said 2ltortga- i ~ee as his interest may anpeac. and each an~ e~•ery surh policy shall be promptly deli~~ered to and held ~y said ~ - riortgagee; and, not less than ten days in ach•ance oC the expiratian of each policy, to deliver to said biortgngee a rene~val thereof, to~ether with a receipt for the premiiim of g»~h renewr?1• an~i there shnl~ be no such insur- . ~ - ance placed on an3 of said buildin~s, any inieres[ thcrein ar parL thereo[. unlc: s in the form and wfth the los9 - payable as aforesald; rend in the e~ent any sum o! money becomes payable under sitch policy or policies said :~tort~agee shall have the option_ to receive and lpply the same on nccount ot the indebtedness .secured hereby or ~ to perrnit said Dfortgagor to recei~e 1nd usQ it or_ any plrt thereo[ for other purpo9es v~7thout thereby wniving ~ - or impxiring any equity, lien or ri~ht under ~r by virtue o[ this mortgage; _end In the e~eni said tiiortgagor shalt ~ [or any reaso~ [nii to keep the said pr• mis~s so insured, or fail to del[ver promptly nny of said policie9 0! _ lnsurance to said Diort~a~ee, or fail promptly to pay tnlty :u~y premium iherefor, or in nny respect fail to per- - form, dischar~~~, execuYe, effect, comple[e, cumply «ith itnd abide by ihis covennnt, or ar?y part hereof. said Dtortg- ~ t+ger may place nnd pay f~r such insurance_or tiny pnrt thereof without wai~ing or a[fecting any option, lien, cquity or ri~ht under or by ~•irtue o[ ti~is mort~agc, ana the full nq~o?int of elch ancl every such pa}~tnent shall be immedil?.ely due and pa~nbTe nnd shnit repr interest from the dRte thereo[ until paid at tlie rate oL tPn per centum ~er annum and tngether with vuch interest shall be secured by thc lien ol thi9 mort~nge. ~ 4, ~'o pcrmlt, commit or suffer no •.~•aste, impairment or deterloratlon ot safd property` or- any part thereof. G. To ~~ny ail and sin~ulnr the costs, chnr~es nnd ex~en~es, lncludin~ rensonlbla. 1R«~yera fees and covt ot - Rb~t~acts o[ tiil~. lncurred or pald at any ttr.~e by satd ~iorigagee ~ecause"and/or fn the event ot the tali~re on tt:e part o[ the snid Mort~ngor to d~ily. prnmptty 1nd [ully per[orm, dlscharge, execute. eifect, com~lete, . - comply ~~•ith fsnd ablue hy ~ar.h knd every the sttn~3lations, agreement9, condiUons snd covensnis ot snicl promfs- x~ry n~te. nn.J ihi~ mortgll;e, any or ctthN:,-er?<l 3a;(~~C03~9, chnr~;es an~l expensea, e;?ch n.nd every,. ~hail be 1m- me~lintely du~ nnd payRble, whether or not the:z be no;ice, demind,-attemQt to collect or suti prndin~• an3 the fult nmauR[ of cach and every such pnymen; s':z_: r-3t i~terest troc:t the d~sto thercot untll pald aL the rate of . ~ ten per ~entum per ttrtnum; end all s~t+l r_~3-~, c`.;^,;e~ ~rd ex~n9ea eo fncurred or paid. together a-it;? ~uch fn- tetc.-~t, shall Da aeCUred b~ tha lien o! th:3 r.:~':~a~e. ' - . i~Jr~RY"~'~~ ~r~'u..i1" - . . - - oa 38~ PAr?~i'~43 - - . B~K ~G4O PAGf 1~~4 - . _ - - . - - - _ -