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( and ahall perform, comply with and abide by each and every the stipulations, ;
a~reements, conditions and covenant.s of said promissory note and of thia deed, ;
~ then t.h.is deed a~rd th.e estate hereby created shalt c~ase and be nult and void. !
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~.t~ the said .Alort~u~or, far itself anc~ its successors, leBal representatives
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and assi~ns, hereby covenant an.d ~agree:
1. To pdy all and singular the principal and intsrest and oth~r sums of m.oney
paya~ile by rrirtue of said promissory noge and this deec~, or ei~her, promptly on
the days respectively the eame sever~clly come due.
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To pay all a.Ttd aiYt~sular the tuxes, assessment8, levies, liahilities, obligation~
' and encum brances of every n.citure ore said deaeri•bed property each and ever~, and
if the same 8e nc~t promptd~ paid the said .M'ort¢u~ee , his heirs,
lemal representatives or assi~ns may at dny ti~ne pay the sam.e urithout waivin~ or
a~j"ectin~ the option to foreelose or any ri~ht hereunder, and ever~ payment so made j
shall bear interest from the da~e thereof at the rate of 5~ per cent. per annum.
3, ~'o puy all and sin~ular the costs, c~tar~es aru~ expenses, includi~L~a lawyer's ~
fees, reQSC~nably incurred or paid at r~ny time by said .Mor~t~a~ee ,
' ~reir~, legal representc~tives or as8igns, beeause of the failure on the part of the sai.d
' ~~furt~a~or, its succe~4sors, legal representatives or assigns, to perform, comply zuith
and a~ide by eaeh and ersery the stipulationa, abreementa, conditions and coUenar~ts ,
of said promi8sory note anr.~ th.ia deed, or either, and ever~ such payment shall
~ bear interest from date at the rate of 5~ per cent. per annum.
~ fio keep the bui.ldin~ now ot hereafter on said land irtsured in a sum not
~ less tyian none dollars, in a company or companie8 to
; be approi~ed by said .idort~a~ee , and the policy or policie8 held by and payable
' to saic~ .~lortgagee , his heira, Ze~al representa.tives or aasi~ns, and in
4' the event any sur?c of money beoom.es payable under 8uch policy or poZicies, the ~
; ~~fortga~ee , h i s heirs, legal representative8 or asai~ns, ~hall haUe th~ ±
opti~n to receive and aFply the sams on account, of the indebtedness hereby secured
; or to permit the .~ort~'ca~ar to receive anr.l uae it, or an~ part thereof, for other ' .
' prdrposes, without thereby wairrin~s or impczirin~ any equity lien or right under or ~
by Ui•rtue of this mor~~age, and may plaee and pay for such insurance or any
~ part thereof, urithout waivin~ or a~j"ecting the option ta forecl~se or any right here- i
~ ; uncier, and each anr.l every such payment sh.all bear interest from date at the rate
of 5~4 per cen-t. per annum. i
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