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AND the said l~ortqaqor t~ereby coveriant s and agrae s: ~
' 1. To pa~y all and singular the principa~ and intereat and other
suma o! uaney psyable by virtue of eaid praaies9~cy' note and this ~ dead, i
or either,pranptly and on the days reepectively the eame~eeverally become i
due. - ~ .
2. ~o pay all and sinqular the taxee, leviee, liabilitiee. ~
obliqations, and encumbrances of every nsture heretofore or hereafter
` imposed, placed, levied and aeseeeed on eaid deecribed property, each
and every, and if tha,eame be not praaptly paid the eaid Mortgagee ma~y
at any time pay the ea~me without waivinq or affectinq the option to
forecloee or any riqht hereunder, and the aaaunt of every payment ao ~
made ehall bear-intereet from the date thereof at the rate which eaid note ~
~ beare and ehall be aecured by the lien of this mortqage= the Mortgaqor ~
~ agree8 to furniah to the lrbrtgaqee prior to April of each year receipts
for all ad valorem taxes paid by the Mortgaqor ,
3. To pay.all and eingular the coste, charqee and expensea,
includinq lei~vyer'e feea, reseonably incurred or paid at au~y time by said
Mortqaqee becauae of the failure on the part of the said Mortqagor
to perform, comply with and abide by each and every the~stipulatione,
aqre~aents, conditions and covenants of said note and thie deed, or ~
either, and the amount of every such payment ehall bear intereat from
date at the rate which eaid note bears and ahall be secured by the lien
of this mortqaqe. ~ - ~
4. To keep the buildinga now or here~fter on said land insured .
aga loss by.fire in a swa not less than the amount of thia mortgage
fraa tim time outstandinq and unpaid, and ineured aqainat lose by ~
windatorm in amount that the ineured will not be a co-inetirer under
the tenae of the p or policiea in a company or cowpaniea to be
approved by I~+brtgagee , d the policy or policiea held by and payable
to said 1~+14rtgagee , and, in event any swn of money becanea payable
under euch policy or policies, the qaqee ehall have the option to
receive and apply the eanae on account o e obligation hereby secured or
to penait the Mortqagor to receive and uae or any.part thereof, r
for other purposes, without thereby waivinq or imp nq any equity, :
lien, or right under or by virtue of thie mortgage, an place-arid~
pay;~or euch ineurance or any part thereof without waiving~o fectinq
. the option to foreclose or any right hereunder, and the anwunt o h
and every euch payment ehall bear interest fro~n date at the rate ~hich
said note beare and shall be secured by the lien of thia mortqage. ~
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5. To penait, caaaait or euffer no waste, impainaent or deterioratioa -
r of Baid property or any part thereof.
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R 6. To perform, coaaply with and abide by each and every.the
~ etip~latione, aqreements, conditione and covenanta in eaid praaiesory
~ note and in thie deed set forth.
F 7. If any of eaid ewas of money herein referred to be not prcaaptly -
; a and fully paid within thirty da~a next after the eame severally beco~me
due and payable, or if each and every_the other etipulatione, agreemente,
~ conditione and covenants of eaid praaisaory note and t111e deed, or either,
~ are not duly performed, canplied wit2~ and abided by, the said agqreqate
sum mentioned in said note then remaininq unpaid, with accrt~ed intereat ~
~ and all other eume secured hereby shall become due and payable forthwit2i
~ or thereafter at the option of the Mcrtgaqee , as fully and completely
~ ae if the eaid swae were oriqinally atipulated to be paid on euch day,
~ anythinq in eaic~ promiseory note or herein to the contrary notwithetandinq. ~
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- ~oR~ • 92 r~cc~42
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