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~ 1. To pay all and eingulsr the principal and interest and other sums o# maney payeble '
~ by virtue oi said promigaory note~ nnd thia deed~ ar either~ promptly on the days reerpectively
th~ same aeverally bec+~me dne.
at l.east 30 day s prior to delinquency
2. To pay~ all and aingular the taxea, asaessments, levies~ liabilitiea, obligations, and
incumbrsnce~ of everq nature on said d~scribed propert,y~ each and every, and if the same
be not promptly paid the esid Mort~a~e~, h~$ - heira, legal repr~sentativea or aa~igng,
may at anq time pay tbe ssme withont waiv3ng or alYe~ting the aptian ta forecloae ar any right
hereunder, and every payment so made ahall bear inter~st from the date thereof at the rate
oi $ per cent, per annum.
8. To pay all ane~ aingular the coata, charges and expenges, inqluding lavcyer'B fee~,
reasonably incnrred or paid at any time by said Mortgagee~.., his/he~~egal representativee
or assigns, because of the failure on the part of the said Mortgagor, its $uccesaors, legal
representatives or assigris, to perform, comply with and abide by eacb and every the atipula-
tions~ agreements, conditions and covenunts of said promissory note.- and this deed, or
~ither, and every auch paymeat ahall bear interest from date at the rate of 8 per
cent, per annnm.
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4. To keep the buildings now or hereaftzr on said land insured in a aum nat less than
highes~ insurable value nollars, in a company or companiea
to be approved by said Mortgagee___, and the policy or policiea held by and payable to said
Mortgagee~, h is heirs, legal representatives or assigns, and in the event any sum of
money becamea paysble under ~nch policy or policies, the Mortgagee-, h~8 beirs,
legal representativea or assigna, shall have the option to receive and apply the same on account
of the indebtednesa herehy aecured or to permit the Mortgagor to receive and use it or any part I
thereof for other purposes, without thereby waiving or impairing any equity, lien or rigbt
under or by virtue of this mortgage, and may place and pay for auch inaurance or sny part
thereof without waiving or affecting the option to foreclose or any right hereunder, and each ~
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and every such payment shall bear interest from date at the rate of per cent per annum. ~
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f 5. To permit, commit or suffer no waste, impairment or deterioration of said prnperty
~ or any part thereof.
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6. To perform, comply with, and abide by each and every the stipulations, agreemen~s,
conditions and covanants in said promissory note_, and in this deed set forth.
7. If any of saici sums of money herein refex~°ed to be not promptly and fully paid ;
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within 3 ~ -days neat after the same severallq become due and payable, or if each and ~
every the stipul~tions, agreements, conditions and cavenants of said pramissory note- and ~
this deed, ar eit.her, are not fully perfarmed, complied with and abided by, the esid aggr~egat~
I sum mentianed in said promissary note~ Shall become due and payable forthwith or there- ~
after at the option of the Mortgagee , h~ heira, legal representativea or assigns, as ~
fully an~' completelv as if the s~id aggr~gate sum of_ Thirty S~.x Thousand and 00/1Q ~
a
s r r~~ r ~ da~lars were originsll~ atipulated to be paid on such day, anything in eaid ~
promi~sory note.- or ~ierein to the contrary notwithstsnding. ~
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IN WITNF~S VVIiEREOF, the said party of tlae firat part ha8 c~used theae ~ ~
ti,, presents to be signed in ita naaie by its. V i~e
I f
(~orp~prala~~•.,, ~ Preaident, an~ its aorporate seal to be affixed, , :
l~'~, i
~ ~ r~ ~ , ~c~ = attested by ita. ~~cretary the day =
, ~.,1,~!' : ~ ; r e
„ ~n ~
. ~ - and year sbove written.
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Att~st ; ' r' ' 7 F URT ~ERC E HE IGH~'S D EVE LOPMENT ~
Yr : _f~,~~ary, CO~RP .
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Signed, ealed and de~i ,1~e.~re~ence of : _
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, / By y -r.
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~ i V ic e Pre~ident.
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SOOK ~JJ ~~J