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P1~OVl(~~ ~W$yE~, th.~t ij sairi .Mort~a~o~, their heirs, ledal ~
reprP.rPntatirex or asRians shall pay unto the said .Mort~aseea, their le~~a1 ~
rPprescentatives or assi~rz~, tlie certain promiseory note , oj which the follvu~in~
i~i w~rd~ and ~~urea true cop , , to wit:
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aftcl shall perjorm, comply with ~nc~ abide by each and ecery the stipulati.o~rs,
a~reemerets, rondiLion.s and covenarcts af said pra~nissonJ nate and of this cleed, ~
the?t. this deed and the estate hereby created sh~ll cease and be null and void. f
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~1(~ the said.~llort~dgors for themselves and their heirs, ;
le~al representatives and assiyns, hereby covenant and a~ree . ~
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l. To pay alt and sin•gular the principal and interest arul oth,er surrts of mon+ey `
payable by virtue of said promi4sory note and this deed, or sith,er, promptly on ;
the days respectiz~ely the same severally come due. +
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To pay all and singular the ta~es, assessments, l$vies, liabilities, obli~sations
and encumbrances af every natu~e on said described propertr,~ each and every, and
if the sa~ne be nct promptly paid the said .M'ortgagee~, their heirs,
lemal representatit~es ar assi~+ns mar~ at any ti-me pay the same without uaivin~ vr
a~ect.in~ the vption to foreclose or any ri~~it hereunder, and et,~ery payrrzen.t so naade
shall bear interest frorrz• the date thereof at the rate of six per cent. Yer annum.
~ ~S. To pay all and sin~ular the costs, char~ses and expenses, includin~ law~er's
~ fees, reasonably incurred or paid at anJ time b~ said J~1ort~a~see~ their '
heirs, le~al representatiz~es or assi6ris, because oj the failure on th.e part of the said
~ .1~ort~sa~o~ their heirs, Ze~al representatives or assi~ns, ta perfvrm,
~ compdy with a~nd abide by each and euery the stipulations, a~reements, condition.s
~ and c.ovenants of said promissory note acnd this deed; or either, an~ er;erJ tiuch
~ payment shall bear intereat from date at the rcate of six per cpnt. per c~nn.i~rrc..
To keep th~ buildin¢ now or hereafter on said land insured in a surrz not ~
leas t3~an Ten 'Thousand Dollars, in a company or com,pnnies to ~
be appror,~ec~l by said ~Iortgu~ees~ and the poliey or policies held by and payable
to said .Mort~agee~, their heirs, le~sal• representatives or c~ssi~ns, ~nd i;n,
~ ~he ec~ent any sum of money bec~mes payable under such policy or palicies, the "
I JV1ort~agee~ their heirs, Zegal representatives or aasigns, shall h~r~e the '
~ option to rece.iz~e and apply tite sdme on accvunt of the indebtedness hereby secure~ ~
or tv permit the Jl~ortga~vrs ta receive and u9e it, or any part ther~of, far other
purpo~es, without thereby wai~~ing or ampairing any equity lien or ri~ht under or ~
~ by virtue of thia mort~a~e, and m.ay plaee and pay for such insuran.ee or any ;
_ part thereof urithout .waii~in~ or a~ectin~ the option to foteclose or any risht here- i
` under, and each and eL~ery ~uch pdyment shall bea~ in.tere8t from daLe at Lhe raGe ~
of six per eent. per annurn. p R,~ ~''~r ~99
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