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. 25, As sdditional eeaurity tor tha payment of indebtadnees
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~ eeoured hereby, the individual malcere of the note, T. J. Del Roeeo ~
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~ and Robert M. 3hrum sriall egch aarry inaurance on their life in ~
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? the amount of ~40,000.00, and W1131am W. Arnold aha].1 carry insur-
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ance on hie 11Ye in the amount oP ~20,OOU.00, and shall a$~ign aaid ` ~
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insurance ta the mortgagee. A default in the payment of any preml- ;
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ums due on $aid inaurance $h811 conatitute a defaulti in this mort- ?
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; gage, and the entire indebtedness secured hereunder, ehall at the
oRtion of tDe holder of the nate and this mortgage, imnYedi$tely ti
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become due and payable. ~
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~ 26. The covenants and agreemen~s herein contained shall bind ~
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and the benePits and advantages ahall inure to the.reepectiive heire, '
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eaecutore, admir,istrator~, succesaore and assigng oP the partiea =
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her~to. Wherever used, the aingular number ~hall inciude the plural,
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~ the plural the ~ingular, and ~he use of any gender shall be 'appli-
cable t~o all genders. All covenante, agreements and undertaking$
~ ahall be ~oint and several. In the event additional numbered coven- .
ants are for convenienee inserted in thi~ mortgage following the .
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4 lega7. deeoription, such additional covensnta ~hall be read and
given efPect ae though following thia covenant in consecutive order.
IN WITNFSS M~REOF, ~he said Mortgagor has cau~ed ~hese
. presents to be execu~ed by ita duly authorized officers and its ~
aorporate aeal to be hereunto a~fixed the day and__year firgt above
written.
s Si~ed, aealed and ARNCON, INC., d/b/a FT. PIERCB
' delivered in ttie NtJRSINt~ AND C~NVALF,SCENT H0~ .
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