HomeMy WebLinkAbout1495 ; .r,
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1. To ~~ay~ all and singular the principnl 1nd interc5t F~nil uther sum~ of money payab]e b~• virtue of snid promiscory note ~
nnd such further st~m ar 3ums a.f nioney~, if t~»y, as tt~c said pii rty of the second pnrt may e~d~~ruue to the purt~_~ of the ~
fii•st pfirt promptly~ o~i the dit~•s respectively tlic same se•rernliy Ueconic ciue. ~
2. To pay all and singular the tnxE~s, assessments, le~~ics, liabilitics, obligations Eiil(~ encumbrances of every naLure on
snul ~Iescrihed pro~~crtics, nnd if the same be not promptly paid Uie snid p~rty of the second p~rt, its successors ~tnd assigns ~
may nt any tinir. pny ihe sume K~thout ~~•Aiviug or affecting t he optio*:~t~~oreclose or nny right hereunder, and every pny- ~
ment so mnde shntl het?r interest froni the d~te hercof at the rate of percent, per annwn. ~
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3. To ~~ay nll nnd singular the costs, charges and expenses, inctudin~ attorney's fees, rensoriably incurred or pt~id at any '
timn ~n;,1 „lrty of the second part, its successors, legal representafives or assigns, because of the fciilure on the part of the snid ~
part_~_ of the first part, -~r, successors, legal representatives or assigns, to iierform, compiy i?~iii~ anu uuiu~ uj ca~~ -
IIll(1 CYCI')' SLI]lUiilllUll. tiK?~i~~ti;iii~ iv:~"~:::~ •~o„f nf cni~~ ttl•(1I~l1~SAi_' t~,:te and this deed, or either, AIlC~ CYCry S1lC}l J)R}•
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ment shzll bcar intcrest from (~A~C at [~1C l~~lCl"; VL j'~i'.I`~zt~i~ jni u.~2?l3.^.?.
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~1. To perniit, commit, or suYfer no ~r•aste, impairment or deteriorafio.: of said property or Any part thereof.
6. To perform, comply nith and abide by eACh and e~•ery the stipulations, ttgreemonfs, conditions und co~~enants in
said promissory notc and in this deed set forth. !
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6. If any of said sums of money herein ~•cferred to be not promptly and fully paid within 3~ - days next affer the ~
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same sevei•nlly become due and payuble, or if each and e~ery the stipulations, agreements, condifions siid covennnts of said =
promissory ncte and this deed, or either, are not duly performed, complied with and abided by, the said aggregafe s~m n~en- ~
tioned in said promissory note, shall become due and payable forthwith, at the option of the party the second nrt, its
successors, legal representatives or assigns, as fully and ccm~~letely as if the said ag~regate sum of ~15 ~ 000' o~ ,
or the advances heretofore referred to ~~•as originully stipulated #o be paid on such day, anything in said promissory not~ or >
notes later to be executed Mnd secured hereb~, or herein, to the contrary not«ithstanding.
#50 000.00 '
7. To keep the buildings no~v or hereafter on said lands insur2d in the sum not less than ~ ;
dollai•s in a company or companies to be approved by the said party of the second part, its successors, legal representatities or =
assigns, and in the event any sum of money becomes payable u nder such policy or policies, the said party of the secund part, -
its successors or assigns, shall ha~•e the option to receive and apply the same on accow~t of the indeb.edness hereby secvred
or to permit the parties of the first part ta recei~e znd use it, or any part thereof, for other purposes, ~vithout thereby ~vaiv-
ing or impai:ing an~~ equity lien oi• right under or by ~~i?•tue of this mt~rtgage and may place and pay for such insu2•ance or
any pai•t thereof without ~vaiving or uffecting the option to foi•eclose or any right hereunder and each and every such payment ~
shall bear interest at the rate of .~~percent per annwn from date.
8, In the e~~ent it becomes necessary to foreclose this morkgage, parties oI the first part agree to ihe appointntent of ~
recei~•er, to conserve the rents and profits securing from or dei-i~•ed from the aba~•e described property.
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IN WITNESS WHEREOF, the said 11Sortgagor ~s hereunto set he~ hand- and seal the
day and year first atwve written. ~ ~
Signed, sealed `and •deliver in the presence -of:~- ' ~
AL) ~
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_ _ (SEAL) ~S
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