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Home My WebLink About0034 ~ ~ . • . • and ahall duly, prompUy and tully perlorm, discharge, execute, effect, complete, compiy witA and abide by each and avery the stipulations, agreementa, condition~ and covenants of said promi~~ory note and oi thie mortgage. Chen thia uiortgage and the eatate bereby oreated ahall cease and be null aud void. It is understood that each oi the worda, "note," "mortgagor" and "mortgagee" reapectivelq and the pron- ouns relerring thereto, whether in tha eingulnr or plural anywhere in thls mortgag~e, ehall be singular i! one only and ehall be plural jointly and severally, i! more than oae, and shall ba masculine, feminina and/or neuter, wher- ever the context eo impliea or admit:a. And xaid Mortgagor for himseli and hia heirs, legal repreeestt~a?tivee, succesenr~ and aasigne, hereby coven- sntn ann agrees to snd with eaid Mortgagee, hie legal repreaentutives, successors and assigne: 1. To pay sll and eingular the principal snd interee~t aad the vsrioue aud sundry auma ot money payable by virtue o! ~aid promissory note, and thie mortgage, each and every, promptly on the dsys reapectively the eatne aeverally become due. 2. To psy all and singular the taxea, assesaments, levlea, liabilities, obligationa and fncumbranc~ of every nature and kind now on ssid described property, and/or Lhat hereafter mt~y be impoead, suYfered, placed, levied ar ase~esaed thereupon, and/or that hereafter msy be levied or ssaesaed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable according to law, before they become delinquent, and before any interest attaches or asiy penalty is incurrsd; and in eo !ar as say thereoi ie o! record the same ahall be promptly satisf3ed and diacharged of record and the origlnai official doctunent (auch aa. for inatance, the tax receipt or the satisfaction paper oflicially endorsed or certified) ahali be piaced in the bande of aaid Mortgagee within ten days next aiter payment; and in the event that any tJiereo! 1s not ao paid, eatiafied and discharged, said 1liortgagee may at any time pay the aame or any part thereo! without waiving or aifecting any opiion, lien, equity or right under or by virtue oi thia mortgage, and the lull amount of each and everq such payment shall be immediately due and payable and ahall bear intereat trom the date thereof until paid at the rate o! ten ~er centurn per annum and together with such interest ehall be eecured by the lien o! thia mortgage. 8. To place and contittuously keep on the buildings aow or hereafter eituate on asid land fire and wtndstorm • • • • insurance in the usual standard policy form, in a sum not lese than in such com- pany or comp^~23es as may be approved by gaid Mortgagee; and ali auch ineurance policies on any o! e~aid build- inga, any interest therein or part thereol, in the aAgregate sum aloresald or in exceas thereot, ehall contain the usual standard mortgagee clause makIng the toas under said policiea, each and every, payable to said Mortga- gee as hia interest may appear, and each and every euch policy ~hall be promptly delivered to and held by said Mortgagee; gnd, not less than ten days in ~dvance ot the expiration af each policy, to deliver to said Mortgagea a renewal thereof, together with a receipt for the premium of auch renewal; and there eheil be no auch insur- ance placed on sny of said building~, any interest there[n or part thereo2, unlesn in the larms and witt~ the loee payable aa aforesaid; and in the event any sum ot money becr~mea payable under auch policy or polfeies said Mortgagee ahall have the optio~? to receive and apply the same on account oi the indebtedrieae eecured hereby or to permit ea.id Mortgugor to recelve and uae it or any part thereo! !or other purposea without thereby waiving ~ or impairing any equity, lien or rfght under or by virtue ot thie mortgage; and in the evnnt aeid Mortgagor ehaU for any reason isil to keep the said premises ao inEUred, or fail to daliver prompUy anY of esid policieg o! ina~irance to said N!Artgagee, or fatl promptly to pay fully any premium tberefor, or in any respect fsll to per- form, dischgrge, axecute, effect, complete, comply with and sbide by thia eovenant, or any part henwf, gaid Mortg- agee may piece and pay for such inuurance or any part thereoi without waivfng or a1lecting anY oPtion. lien+ equlty or right under or by virtue ot this mortgage, and tne !ull aqnount of each aad every such payment ehail be immediately dua and psyable and nhaIl bcar interest from the dste thereof until paid at the rate oi ten per centum per annum and together with euch interest ~hall be eecured bq the Hen ot ttds mortgaga 4. To permit, comaiit or auHer r~o waate, impairment or deterior~tioa o! said property or snq part thereat. (i. To pay sil and atngvlar the coata, charges a,nd expensas, including ~asoasWe lawyer's fees and coet oi abatracts oi title, inaurred or paid at any time by said Mortgagee be~aure sad/or in tiie event ai t2?e failurs on tl~e p~art a! the said l~ortg~agor to Quly. Prompt3y and lnlly perlarn?, di~chs*Se~ ezecut0. ett'ect, complets~ comply with sad abide by ea,eh and every ths stipulataoa~, etgreement~, canQitbai and o~venaat~ oi said prom9a- wry aots, aad thii mortgags, any or either, sad said cont~, chargeg aac! aacpsn~er. ~sch ar?d eve~+~ shall be lm- mediately due aad pwyable, ~Ihether or not there be notice, demand, attampt to collect or mit pendtng~ aad khe ~ll amaxnt oi each asid ~wny ~ruch psyment shall beaz interest lrom ths daLe thereof unt11 psid nt t~e rate at tem p~r ceaWm per ann~mn: aad all said oosta. cbarge~ snd a~Pens~e ~o incurred or pe~it~ togetl~es' wlth such in- t~re~t, ~a11 be sscured Dp ths lisn oi this martgage. 60GK ~27 34