of

I TI

D

$ Jor

"I C

j

I

i

!

D.

217

first pay the expenses incurred on such sale or otherwise in

relation to the premises then apply such moneys in er tewards

satisfaction of the moneys for the time being owing on this

security and then pay the surplus (if any) to the Mortgager AND

that the aforesaid power of sale and other powers may be

exercised by any person or persons for the time being entitled

to receive and give a discharge for the money then owing on

this security AND that the Mortgagees shall not be answerable

for any involuntary losses which may happen in the exercise of

the aforesaid powers and trusts or any of them AND the Mortgagor

deth hereby covenant with the Mortgagees that the Mortgager

new has power to assign the said Coal in manner aforesaid free

from incumbrances AND THAT the said Coal may after default in

payment of any principal er interest menies hereby secured be

quietly held by the Mortgagees without any interruption by any

person AND THAT the Mortgager and every ⚫ther person claiming

any estate er interest in the premises will at all times at the

cost of the Mortgagør execute and de all such assurances and

things for further or better assuring all or any of the said

Ceal unt● the Mortgagee■ AND THAT the Mortgagor will during

this security pay the rent for the land on which the Ceal is

#ituated AND will keep the Mortgagees indemnified therefrom and

frem and against all actions suits expenses and claims on

account of the non-payment of the said rent er either of them

⚫r any ⚫ther thing whatever AND shall and will during this

security insure and keep insured in seme Insurance Company to

be first approved of in writing by the Mortgagees the whole of

the said Coal against loss or damage frem fire in the sum of

Twe hundred thousand Dollars at the least as the Mortgagees

■hall required AND shall and deliver to the Mortgagees the

Policies and last receipts for premium PROVIDED ALWAYS that if

the Mortgagor shall fail to deliver to the Mortgagees such

policies and receipts er in case the Mortgager shall make

default in effecting such Insurance er in paying the premiums

thereon then and in such case and so often as the came shall

Share This Page