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;T. ~ "~~E COUNTY. ~lA.
_ 2. ?o pay to saki !OR?CJ-GEg on each iastsllsent payrnt date an
mount equivalent to one twelfth (1/12) of the annual taxes asacssed against
or chargeable against the presises herein described, based upon the-preceding
year!e tuoss, and said asount shall be held in •sarar by the lOR?GAGHE and
applied in payment of the annual County and City taxes. .
3. ?o py all and singular the ta~oss, assesssenta, levies-, _
liabilities, obligations, and inoushranae• of every natnro of said described
property, each sad every, and if the lase be not prosptly paid tM said
pypRTG-GSS, its sucocssors, legal representatives or assigns, ~.y at any tins
pay the saes withcnt waiving or af~eating the option to foreclose o`r any right
hereunder, sad every payment so ride shall bear interest Eros t::K date thereof
at the rate of •iz per Dent. per anmis.
y. ?o pay all and •ingalar the coats, charges a~ cspertses,
inoluding Lwyer's fees, reasonably incurred or paid at any tins by said
~R?GIGSt:, its successors, legal rpresentativcs or assigns, because of the
failure on the part of the said ZpR?G-GOR, its suaoessors, legal i-ep~aentativei
or assigns to parlors, coaply with sad abide by each sad every the stipulations
agreesants, oonditiona sad coransnta of said prosiesor7 note sad this d~~, or
either, and every such payment shall bear interest lres date at the rate of
six per cent. per annul.
S. To Peep the buildings now and hereafter on said lard insured in
a sus not less than SIGR? ?I~IISAxD ilID 1!0/100 DOLLLAS (58,000.00), in a
coapagy or oospanies to be approved by said MO~tTC,-C~d, sad tb• policy or
policies held b7 lard payable to said hIOR?GAGRE, its aaocessors, legal
representatives or_assigns, sad is the event aa, sua-of ionq bccoses payable
corder snob policy or policies, the 1~R?C,~-C,PR, its suoonssors, legal
representatives or assigns shall haw the option to rcoeive sad •PPi+1 ~e
saes on accoaat of the i~ndebtedasas hereby scoured or to psrsit the y0R?G~00R
to receive and use it or any part thereof for other purposcs, without hereby
waiving or ispairiag saq qty, lien or right wader or by virtue of this
sortgage, sad sq plaioc and pal for snob iaauranoe os any part thereof without
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