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202603223
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Last modified
5/21/2026 3:16:57 PM
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5/21/2026 3:16:56 PM
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DEEDS
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202603223
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202603223 <br />covenant with the said Mortgagee, its successors and assigns, as follows: That Mortgagors are <br />lawfully seized of said premises and have good right to sell and convey the same; that the same <br />are free from all encumbrances not of record; that the Mortgagee, its successors and assigns, <br />shall quietly enjoy and possess the same; and that the Mortgagors will warrant and defend the <br />title to the same against all lawful claims not hereinbefore specifically excepted. <br />PROVIDED NEVERTHELESS, that if the said Mortgagors, their heirs, administrators, <br />executors or assigns shall pay to the said Mortgagee, it successors or assigns, the sum of Two <br />Hundred Forty -One Thousand Two Hundred Twenty and 00/100 Dollars ($241,220.00) allocable <br />to the security hereinabove described according to the term of a Promissory Note of even date <br />herewith executed by the Mortgagors, and shall further repay to said Mortgagee, its successors or <br />assigns, all additional sums as may be advanced by Mortgagee on behalf of Mortgagor for future <br />mortgage payments, taxes and insurance, and shall keep and perform all the covenants and <br />agreements herein contained, then this Mortgage to be null and void, and to be released at the <br />Mortgagors' expense. <br />AND THE MORTGAGORS, for themselves and their heirs, administrators and <br />executors, do hereby covenant and agree with the Mortgagee, its successors and assigns, as <br />follows: <br />1. That the Mortgagors will perform each and all of the promises and obligations of <br />this Mortgage and all covenants thereof, adopted by reference as provided herein, and will pay <br />the indebtedness herein described. <br />2. That the Mortgagors will pay a reasonable attorney fee in case suit is started for <br />the collection of the mortgage debt or any part thereof, and will pay all costs and expenses of the <br />suit, whether the suit be prosecuted to judgment or not, and will also pay all costs of any sale <br />made thereunder without court proceedings, including reasonable attorney fees incurred by <br />Mortgagee, to the extent permitted by applicable law. <br />3. That the Mortgagors will pay, in lawful money of the United States, all sum <br />expended or advanced by the Mortgagee for taxes or assessments levied or assessed against the <br />mortgaged property, fire and extended coverage insurance upon the same, or advanced for any <br />other purposes provided for the terms of the Mortgage or the covenants thereof adopted by <br />reference, together with interest upon any such sums from the date of the payment by the <br />Mortgagee until repaid, at the rate of Six Percent (6%) per annum from and after the date of <br />maturity of the indebtedness hereby secured. <br />4. That this Mortgage will be security for the payment in lawful money of the United <br />States of any and all moneys that may hereafter become due or payable from the Mortgagors to <br />the Mortgagee, from any cause whatsoever. <br />5. That this Mortgage shall be security for any and all renewals of the mortgage debt <br />or of the Promissory Note or notes evidencing the same, which may be executed and delivered <br />2 <br />
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