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HomeMy WebLinkAbout0956 ' . . - SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART AEREOF. and ahall duly. prnmptly and fully perform. diechatge~ execute, effect, compiete, comply wlth and sbide by eakcti and every the stipula[ions, agreemente~ conditions and covenants of said prom~saory note end oi this mortgage, then thjs mortgage and the eatate hereby created shall cease and be nuA anu void. It ia underatood that each ot the words. °note." "mortgagor" and "mortgagee" reapecUvely and We pron- ouna referring thento. wheiher in We aingulas or plural anywhere in thia mortgages. nhall be eingular tf one oaly snd ahail be plurs! jointly and severslly, if more than oae, and shall be masculine, feminine and/or neuter~ whet- - ever the oontext so impliea or admita. ' And said Mortgagor for himeel! and hia heirs, legal representaUvea, aucces~ore and aasig~ns. hereby ooven- anta ana agrees to and ivith said Mortgagee, hjs legal representativea~ succe,saors and assigns: 1. To pay all end singvlar the principat si?d intereat and We various and aunclry auma ot money payable by vlrtue of aaid proa~ssory aote, and this mortgage~ each and every. promptiy on the days respecttvely. the eame eeverally becomn due. 2. To pay all and aingular the tmxea.- saaeasments, leviea, liabilities. obllgations and incumbrances of every nature and kind now on said dexribed pmperty. and/or that hereatter may be imposed, auitered, piaced, levied or assesaed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby. each and every, when due and payable acoording to law. be[ore they become delinquent~ and before any interest attachea or any penalty is incurred; and in so iar as any thereoi is ot recoM the stune sha11 be promptly satisfied and discharged of record and the original official dceument (auch ae, tor iaatance, the tax receipt or the aatiataction paper officially endoraed or certified) ahall be placed in the hends oi said Mortgagee within ten days next after payment; and in the event that any thereot is not ao paid, satisfied and discharged. said Mortgagee may at any time pay the sarne or anp part thereo[ wiihout waiving or aftecting any option, lien, equity or right under or by virtue of this mortgage, and the full amount oi each and every auch payment ahall be immediately due and payable and ahal! bear interest from the date thereot until paid at Lhe rate ot ten per centum per annum and together with such interxat 9ha11 be eecured by the lien of thii mortgage. . . - 8. To placa and continuously keep on the buildinga now or hereafter Mtuate on said land flre and w[ndstorm - lnsurance in the usual standard policy form, in a sum not less than =~[,jr. in euch com- pany or compsnies as may be approved by said Mortga~ce: and all such insurance policies on any of said build- inge, any interest therein or part thereof, in the aR~regate aum atoersaid or in excess thereof, shsll contain ths uaual standard morigagee clause making the loc9 ur.der said policiea, each and every, payable to said Mortga. gee as hia interest may appear. and each and every such poiicy ahati be promptiy delivered to and held by aaid Mortgagee• and~ noi less than ten days in advance of the expiratian ol each poiic , to deliver to satd Mortgagee s renewai ~thereol, together with a receipt fqr the premium of xu~h renewal; an~ there ahall be ao such insur- ence placed on any of said bvildInga, any intereai therejn or part thereot, unle~ in the form and wtth the loa~ payable ae atoreaaid; and in the event any aum of money becomes payable under auch pollcy or pollcies said Mortgagee ahall have the option fo receive and appiy the same on accouni o! the lndebtedness aecvred hereby or to permit sald Mortgagor to recefve and usc it or any pert thereot for other purposes without thereby waiving or impatring any equity, lien or right under or by virtue ot this mortgage: and in the event said Mortgagor shatl for any reason fail to keep the said premi~es so lnsured, or fail to deliver pmmptly any ot said policies ot inaurance to said Mortgagee, or fa(1 pmmpUy to pay tully any premium theretor." or in aay respect fall to per- torm, diachsrge. execute, effec~ complete, comply with and abide b,v this oovenant, or any part hereof, said Mortg- agee msy place and pay for such inaurance or any ~art thereof without walving or affecting any option, lien. equity or right under or by virtue of this mortgage, and the full aq?ount ot each and every such payment ahall be }mmediatelq due and payable and ahall bear interest from the date thereof untU paid at the rate ot ten per centum per annum ar~d together with such lntereat ahall be secured by the Hen oi tbis mortgage. To permfk commit or auKer no waete, impairment or deteriontion oi said propertq or anq part thereot, 6. To paq all and singular the coets, chargea and eYpenses, including reasonable lawyer's feas and cost ot abstracts ot titie, incurred or paid at any time by said Morigagce because and/or in the event ot the lslturs on the part of tha eatd Mortgagor to duly, promptly and Nlly perfona. dtscharge. e~[ecuts, etfect, complete, comply wlth and abide by each and every the sUpulaqone, agreements, conditions and oovenanb of eaid promis- sor9 note, and thfe mortgage~ any or elther. and sald costa. chpsges and ezpenres, each aad every. s1ia11 bs !m- mediately due aad payable, whetber or not there be notice. demand, attempt to colket or s~tt pendfng: and ths full ainow?t oi each snd every such psyment shati besr inter~est trom tha date tl~ereoi ~mtil pafd at tbe nte ot ten per centum per aanum: arM all isid cosb. charBa and espea~ss ~o lacurrsd or paid, together ~v1tb wch ia- terest, ~hall bs ~ecured by tbs llea oi tAls mortgagrr. ~ ~Q°K435 ~b~E 955 = = ~ 3- - . -~::v~„ ~ ° .