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HomeMy WebLinkAbout0231 ~ . ~ ~TD the aaid Mortgagror hereby further codenants and agreee: ~ 1. Mortgagor ahall not chs.nge hvme port o~ ancharage where ~aid ~o~t is to be kept without the written cons~nt of the b~[ortgagee. 2. Mortgagor ehall not eell, lend, mort~age, aesign, eucumber~ secrete, lose posseasion of or dispoee of said Boat or any part thereof or any itnterest therein; ~ nor permit to be created, any debt, mortgage, libel, lien, claim, or charge of any ~ kind whateoever, upon $aid ~oat. 3. Mortgagor will from time to time pay and discharge or cause to be di~- ~ charged, all taxes and sssessmenta imposed, levied or assessed upon the eaid Boa?t and will pay and di~charge or cause to be paid and diecharged all elaim~ ~nd demande ~p~rhich, , if not paid, ~might in ~dmirality, in equity, at law or otherwi~e, have precedence over or ~ be on a parity with the rights of Mortgagee under thi~ Mortgage. ~ 4. The Mortgagor, during the term of thia contract ~hall r~gister, enroll, record, have numb~red said Boat as required or permitted by any and all law9 of the ' iTnited 3tates of A.msrica and of any State, municipality, or locality athere said Boat m4p , be kept or stored at a~y time, now in force or hereafter to be enACted. 5. The Mortgagor ~ha11 comply with aLl lav~s pertainin~ to the use o~ opera- tion of ~uch Boat, and Mortgagor shall not use or permit eaid ~o~t to be ueed contrary ~ to any la~vs in reapect to intoxicating liquora, narcotics or other product~ or for any illegal purpose whetsoever. 6. To pay all and aingular the principal and intereat ~nei other sus~ns of ~ maney payable by virtue of sa.id note and thi~ mortg~ge, or either, promptly on the day~ f rannart~vPlv tlt~ tqsimP_ geverallv come due; time ~nd ~nnount on the da_Ye eeverall_y Ri?~1~0II ` _ - - _ °.-.v . . v due being uf the ~:seence. , ' _ ~ To pay all anci eingular the taxes, asaesement~, levies, liabilitiea, abli- ~ ,gations and encumbrs~nces of every n~ture on said de$cribed ~oat each and every, and if ~ the sAme be not promptly paid then the said Mortgagee may at any time pay the eame ~ ~rith~ut waiving or affecting the option to foreclose, or az~y other right hereunder, ~nd every payment so made ~hall bear intereat from the date thereof ~?t the rate of 16°~i per ~ annum. ~ ~ 8. To keep said Boat, all and ~ingular, in said ~ounty, subject to the i.n~pec- ~ tioa of said Mortgagee, and in the event it or ~ny equi~inent or appurtenances thereto ~ be removed or Ievied on or subject to levy in any litigation, the Mortgagee ahall have ~ t}~e option to declare, without notice, the entire eums hereby secured payab~le forthwith. ; ~ ~ 1 9. To permit, commit or suffer no w~cste, impairment or d~t~rioration of said Bo~t, or any part thereof, and to keep ~ame in good repair and condition at all ~ timea. ~ , ~ ~ 10. To perform, comply with and abide by :~ach and every the gtipulatione, ~ a~reememta, conditions and coven~nta in said note and in thia mortgage set farth. ~ . 11. To pay all and singular the cost~, c~arges and expens~s, including a , ~ rea~onable ~tturney's fee; incurred or. paid at any time by said Mortf;agee because of ~ : th~ fhilure on the part of the aaid Mortgagor fo perform, ' comply with and abide by each t ~nd every the atipulations, agreenzerrts, c~nditions and covenan~ta of said note and this + mortgage, or either, and every such payment shall b~ear interest from date of incurrence • r at th~e rate of 10°,'b per annum. 12. If aay of said suma of money herein referred to be not promptly and . fully paid as the ~ame aeverally become due ~nd payable, or if each and every the stfpu- , lations, ~greements, conditions and covenants of said prnmiesory note and this mortgage, or either, are not duly performed, complied with and abided by, the said aggreg~,te sum me~ioned in said note and thia mortgage and e~ch thereof sh~r.ll become due and payable forthwith or thereafter at the option of the Mortgagee, aa fully and complet~ly as if the said aggregate sum payable by virtue of said note an~ this mortgage, each and every, were originally stipulated to be paid on such day, anything in said note or herein to the contrary notwithstanding. g00K ~J~ ~31~ '