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! Pl'OVl(~~ ~WA~B~ that. i% said .hfortgagor , his lseirs, le~al
repr~~~e»tatit~e,s or assis~is shall paJ unto the said .Mortgagee , her le~jal ~
representotiues or assignsr, the certain promissorr~ note , of ivhicla the follou~in~ I
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ancl shall perform, comply witk and abide by each and ~ every the stiputations,
agreements, conditions and covenants of said promissor,y note and oj this deed,
then this deed and the estate hereby created shalt cease and be null and void. f
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, AIIt~ the said.Mortgagor for himself and his ~ heirs,
E ~ legal representatives and assigns, hereby covenant and h~ree .
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~ , 1. Po pay alt and sin~ular the prineipol and interest and other sums of money
~ payable by virtue of said promissory note and this deed, or either, prorriptly on
the days respectively the same severally come due.
. .
8. To pay all and sin~ula~ th,e ta~es, assessmenta, levies, tiabilities, obli~ationa
and eneumbrances of eaery nature on said. described property each and every, and
if the eame be not promptly paid~ the said .~Iortgagee , her , heira,
legat representatives or assigns may at an~ time pay the same without wcurrin~ or
a~`'ectin~ the option to foreclose or any n~ht hereunder, and every payment so made
shalt bear interest from the date thereof at the rate of Six per cent. per annum. _
;
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J. To pay all and singular the costs, charges and expenses, inetuding lawyer's ;
~ jees, reasonably incurred or paid at anJ time by said .hfortgagee , her i
I heirs, legal representatives or assigns, because of the failure on the part of the said (
! Mort~agor , his heirs, Zegal representatives or assi~ns, to perjorm, ~
~ comply with and abide by each and eaery the stipulations, agreements, conditions ~
and covenants of said promissory note and this deed, or either, and eaer~ 4ueh i
payment shall bear interest from date at the rate of Six per cent. per an~arcm. E
~ ~
~ To keep the buildin~ now or hereafter on said lanc~ iresured in a su~n not
~
~ teas than NONE Dollars, in a company or companies to
be approved bJ said .1~ortgagee , and the poticy or policies held by and payable ~
to said JKortgagee , her heirs, legal representatives or assigns, and i.n I
~ the event any sum of money becomes payable under such policy or policies, tlae !
~ I Mort~agee , her heirs, legal representatives or assigns, slrall have the
option to receive and apply the same on account of the indebtedness hereby secured
~ or to per»zit the Mortgagor to receive and u9e it, or any part thereof, for other i
~ purposes, without thereby waivin.g or impairing any equity lien or ri~ht under or
by virtue of this mort~a~e, and may place and pay jor such insura~ace or any ~
~ part thereof without waiving or a~"ecti~a~ the option to foreclose or any ri6ht laere- (
~ under, and each and every sueh payment shall bear interest from date at the rate
of S~ per cent. per annum.. 8~~,~~
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