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1. To pay all and singular the principal and interest and uther sums af money payable
by cirtue of said promissory noter and this deed, or either~ promptly on the days respectively
the same severally become due.
2. To pay all and singulsr the taxes, asse~?ment~, levies, liabilities, obligations, and
incumbr$nces of every nature on said described properry, each and every, and if the same
successors
be not promptly paid the said Mortgagee~, lt ~h~, ~egal representatives or assigns,
may at sny time pay the same without wai~ing or affecting the option to foreclose or any right
hereunder, and every papment so mad~ shall bear interest from the date thereof at the rate
of ten per cent, per annum.
3. To pay all and singular the costs, charges and expenses, includin~ lawyer's fees,
its/successo s,
reasonably incurred or paid at any time by said b'iortgagee_, ~egal representatives
or assigns, because of the failure on the part of the said Mortgagor, its successors, legal
representatives or assigns, to perfnrm, comply with and abide by each and every the atipula-
tions, agreexnents~ conditions and covenants of said promissory note_.._ and this deed, or
either, and every such payment shall bear interest frorn date ~t the rate of te~ per
cent, per s~nnum.
4. To keep the buildings no~v or hereafter on said land insured in a sum not less than
fuLl ?nsLrable ~al ~e nallars, in a company or companies ~I
to be approved by said Mortgageer, and the policy or policiea held by and payable to said
successors
Mortgagee_, its; ~'Iegal representativea or assigns, and in the ev~$~~~~~~~ of
money becomes payable under such policy or policies, the Mortgageer, xts ~
legal representatives or assign~, shall hare the option to receive and applp the same on account
of the indebtedness hereby secured or to permit the Diortgagor to receive and use it or any part
thereof for other purposes, without thereby waiving or impairing sny equity, lien or right
under or by virtue of this mortgage, and may place and pay for such insurance or any part I
~ thereof without waiving or affecting the option to foreclose or any rigl2t hereunder, and each I
; and every such payment shall bear interest from date at the rate of ten ~per cent per annum.
5. To permit, cammit or suffer no waste, impairment or deterioration of said property
or any part thereof.
. 6. To perform, comply with, and abide by each and ~very thQ stipulations, agreements,
condi~ions and covenants in said promissory note_..._, and in this deed set forth.
7. If any of said sums of money herein referred to be not promptly an~i fullp paid !I
( within thirty days next after the same sererally become due and payable, or if eacl: and
every the atipulations, agreernents, conditions and covenants of said promissory note- and
this deed, or either, are not fuily performed, complied with and abided by, the said aggregate ;
sum mentioned in said promissory note_ sh~ll becorne due and payable forthwith or there-
itsjsucces~s~sl
after at the option of the Mortgagee.-, , egal representatives or assigns, as
fully and completely as if the said aggregate sum of Thirt~Thousand and no/ 100
; ,;i d~llars were originaily atipulated to be paid on such day, anything in said
~~'•'P ~romi~9o~, note- or hereiii to the contrary notwithstanding. I
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iN ~~ITI3ESS WHEREOF, the said party of the first pax~t has caused these
.
1~ F, presents to be signed in its nam~ by its_.._
~ ,
(Corporate President, and its corporate seal to be afiixed,
c n~F ~ C~ (Seal) attested by its ~ecretary the day
, ~ and year aboye written.
Attest : f, r., ~
I " Secretary.
+ ~ C. E. ALLEN Y
i Signed~ aled a de1i~~ ed in the,presence af : _
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.~il! ~ / ~ ' / /I~ ~ " , ~CG~
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~ . P i ent.
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