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~'~OVide~ ~Waye~ that i~ aaid Jlfort~cc~or 8ha,ll pa31 unto the said .~fort,~a,~ee ~
~he cerkain pmmisaory note, of which flre folJounn~ in worda and ~it~u~res ia a true copy, ~
to wi#: fi
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and sholl perfo~m, comply with and abide bb e~ch and er~er~ the s~ipulationa,
c~~reement,g, cond,itions awzd covencants of said prnrrtisaory note cLnd of thia deed, then
thi8 deed cr,~d tite e,stacte hereby created shall cear~e and be null and void.
Atld the sccid .1Kort~a$or hereby covenacnts and a~'rees:
.1. To paj/ aii and sin~ular the princ~pal a~u1 intere8t and other sums of money
payabte by virtue oJ said promissory note and this deed, or either, promptl-y on the
dsys respectively the same aeaerally co~ne due.
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Q. To pay all and singular the taxes, asaessments, ler~iea, liabiiitiea, obli~ations
; and encumbraraces oj every nature on said described property each and euery, and
~ if tiie 8a,m,~ be not pro~nptly paid the aaid .Jlfort,(cc~ee r?~a~ at dn~ time pa~y the sa.m,e
: with,out wa,ivi.n~ or mffectin~ tke option to foreclose or ar,~y rL,ght hereund,er, and e~ery
~ pcc~/merat so made shall bea~r tnterest frorri t7t~ date t/~reof o,t the rate of Five (5)
~ per cent. per annum.
To pay ol1 and ain~ulur tha costs, chargp.~ and e~penses, ~inctudin~ lawyer's ~
feea, reasqruibll/ incurned or pcLid a,t a.ny time b~/ 8caid Jlfort~c~gee becaause of tii,e fo,ilure
on the pa,rt of t.lze sar,id .Mort~a$or to perfor~n, co~nply with ccnd abid,e b~ ectch and
ever~ the 8tipula.tions, c~~'reem,er~te, conditions and cavenants of said pru~nr~SOry note. -
and thia deed, or eitlter, a,nd eve~y Buch pa~~»,ent sha~ll bea,r int~es~ frnrrz da~te czt the
ra,te of five per cent. per a,nnurrz.
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To keep the build~n~ now or herea~tei on said land insured in a sum not
~ tes8 than Seventy-five 8undred ($7500.00) - - - - - - - - - - - - = -
_ _ - - Dollara, in a cc~mpan~ or companies to
b~ aPProved b~/ scud Mort~a~ee, cLnd ~he polic~ or policies held by ct,nd pa~able to said
~ .JEfort~d~ee, and in the event ccn~ aur?a of nLOn~ becomes pa~able under auch polic~ or
- policaea, the .1Kort,~ci~ee sha~ll hacve taie option to receine and appl~ the sa,me on cLCCOUnt
of tha indebtedne8a hereby aecured or ~o pernzi.~ the JKart~a,~or to receive o,Rd zc~ee it, or
~i1 P~ ~'~f, P~ea, zoithout thsreby waivr.n~ ar i~nP~n~ ~+11 e9~1/
lien or ra~h,~ under or bb virtua of thi~s ~nort~m~e, and ~na,y place and for such
snaurdnce or an~/ Fart t1`ieneof, witlsou~ :a~a:vtn,~ or c~~ectin~ t~ie option to~oreclose or
ct~a~ ri~ht he~tiund~er, a,~d ea,ch~ and every such pa~meat ahal,L buir intere8t frorra da~te
at the ra,te of five per can~. per annuan. i?_ _
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