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1. 2'o paY all mad ~rinqul~ the principal amd interrst amd atha~r swas of money parynble by
~irtur o! sarid promissory aat~~._ ~d 4hia d~od, or either, proiaptly on tho daya r~spectivoly the I
~am~ Nrrorally becom~ dur.
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2 To paT all ~d siaqul~ the taxes. arrseasmenta teries. liabilities, obliqationa. and incum-
braac~s of ersry naturt cn said described property, ecich mnd e~ery, cmd if tho saisio b~ aot promptly
paid the said Mortgaqe~ heY ~~ira. legal r~prea~ntati~~a or c~signs. may at amy lims pap ~
tho same vrrithout wcri~imq or aifectiag ths option to foreclass ar any right hcreunder, and every i~
pa~yment so made shall la~ar int~reot &om th~ dcste therso# at tha rat~ oL~_per esnt, per cmnu:n. I~~
3. To pay alt mnd rri~qul~ th~ costs. ch~qes aad expenses. including laaryei a foea reaaonablp i
iacurred or paid act amy time by smd Mortgags~_.., her IsgQ] represeaiah~a or a~sigas. i
b~cause of tho failur~ oa the part of ths 4and Mortgaqor, ib succassors, legal representati~~s or I
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aesigna, to pedorm, vomply with cmd abids by sach ~d s~ery ths atipulations. agrrements. con- I
dition$ and co~eaamb of said promissory note_ aad this dawd, or eithar, aad avery such p~aym~nt
ahall be~ iaterest fro~m date at the rate of~._psr c~nt per anaum. ~
?o k~sp th~ buildings aow or hereafter on smd l~d iasured ia a suai not less th~ ;
Four Thousand ~ao Hundred and No/ 100 _~n~s, ia a compamy or compamies to be cip-
pro~ed by said Mortqagee-. ~d the policy or polici~s h~ld by ~d payabls to smd Mo~gagN
her__~eiss, lagal r~presentativRS or msiqas, ~d ia th~ ovent ~y sum af money becom~s ~
pc:pabls undsx such policy or polici~s, tho Mortgaq~e_, her i,eirr, l~gal rfpz~atati~~s or ~
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~igas, shall ha~e tbs option to recei~e cmd apply the s~ae on cccount oI ths iadebtsda~ss here-
by wcured or to percait thq Mortgagor ta receive aad us~ it or auy part thereo! far other purpos~s.
writhout th~roby waiviag or iumpairiag mzy equity, ti~n or riqht und~r or by virtus of this mort-
qage, aad raal? place cmd pay for such insurcaic~ or cmy p~t tbsroo~ without wmriaq or ~fsctiag ~
tls~ option to far~clos~ or a~y right hsr~uad~r. ~d ~ach ~d ~~~ry sucb paYan~nt shall b~ca int~r~t
kom dats a! tho rate oE ~ _ oer c~at per ~anm. ~
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5. 4o psrmiL commit or suffer ao ~vasis, impairmont or detorioratinn of said pzoperty or
a~T p~t ffi~r~. f
6. To p~rr~orm, complT ~vith, amd abid~ by each and ~vsry th~ ~tipulatioaa. ccgre~smenb, con- 4
ditioas ~d co~en~ta ia smd promirsory no4e-, a~d ia this dted Nt forlh. ,
7. If ~T af said suaYS af maaep herein r0lerred to bs not promptly aad fu11g paid withi~
`~~_dara aext aitor the scuae sa~rerally become due and payable, or if each ~d every ths
stipulattions, agreemsats, cond'ations ~d cavenaats of amd pronnisaory note, and this deed, or
~ither, aot fvIly porformed, complied with and abided by, the amd aqgr+sgate sum mentioned
ia said pzo~iasory no~e~. ahall become du~ andpayable forthvvith ar thersafter at th~ opdon o! ~
the Mortgagee-, h e r ~eirs, legal repzssentriti~es or arssigns, as ~ully cmd completelp as if
the said aggregate sum of ~O.uY' ~'1 C]ll e a rtia~~o H m d r e~i an d N a f 1(l0 ----doIIars wsrs
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originally stipulated to be pcad on such day, anything in smd pzomissvey note- ot harein to t~o ~
r.oatrmry natvPithstcmdiag. i
IN WY'CNESS WFIEREOF, the amd party of the ~.rst pcut bcss caused the~
prewata to be sign~d in its name by its I
Prssidea~ aad its ccrporate seal to be c~xsd. ~
: : ~ - . (Ssa~~ attestsd by itg Secretary the daY ~
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amd gear abo~e writtan. {
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S,i ssaLad cmd delivosad in the presance af: HUGHES FLOOR COVERING INC . ~
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