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Home My WebLink About2627 r;,iL ~, ' ( r' ~~ A:, I L.1,).J \, r. t ~~ ~ l [ ~ - . \(~ ~ \ r l ~ . and shall duly, promptly and full perform, discharge, execute, effect, com- plete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and the estntc hereby created shall cease and be null and void. It is understood that each of th~ words, "notc," "mortgagor" Clnd "mortgagee" respectively and the pronouns rcferring thereto, whether \n the singular or plural anywhere in this mortgage, shall be singular if one only and shall be plural jointly and severally, if more than ene, and shall be masculine, feminine [1,T'd/or neuter, wherever the context so implies or admits. And said Mortgag:or for himself and his heirs, legal represen- ratives, successors and assigns, hereby covenants and agreeR to and with said Mortg:\g,c'~, his legal representatives, successors and assigns: 1. To pay all aDd singular the principal and intercst ~md the various and sundry sums of money payable by virtue of satd promiRsory note, and this mortgage, each and every, promptly on the days rcspec- tively the same scveraily bccome due. 2. To pay all :md singular the L1XCS, assessments, levies, liabilities, obligations and encumbrances of every nnturc and kind now on said described property, ;:md/or th:\t hl2reafter may be imposed, suf- fen~d, ~laced, levied or assessed the rcupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtl.?dncss secured hereby, each ar.d every, when due and payable according to law, before they become ddinquent, and before any interest attaches or any penalty is incurred; ;:md in so far as any thereof is of record the same shall be promptly satisfi\?d :md discharged of record and the original officbl document (such as, for instance, the tax rcc\?ipt or the satisfaction paper officially endorsed or certified) shall he placed in the hands of baid Mortg3gee within tcn d3Ys next after payr(l\;nt; and in the event that any thereof is not so paid, sntisfied and discharged, said Mortgagee may at any time p:1Y {he S3me or :1ny p3rt thereof without w3iving or affecting 3ny option, lien, equity or right under or by virtuc of this mortgage, and the full amount of each and every such payment shall be immediately due and p:1yablc ;:md shall bC:1r interest from the date thereof until paici at the rate of ten per centum per annum and together with such interest shall be secured by the Hen of this mortgage. 3. To pl:1ce and continuously keep on the bu ildings noW or here- after siturHl: on said bnd fire and \'dndstortn insurance in the usual stan- dard policy form, in a sum not less than $ highest i.ns~able value in such company or companies as may be approved by said Mortgagee; ond all sllch insur;:mce polici~S on any of said huildings, any interest therein or part thereof, in the ag,gregnte sum aforesaid or in excess thereof, shall contain the usuai st:\ndard mortgagee clause making the loss under said policies, each and every J payable to said Mortgagee as his interest may appear J and t;3ch and every such policy 8hall be