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~rpUt~ip~1 ~IpMI~~, thact if said .1Kort~ac$or shacll pac~ :~nto the said JKort~a~ee
the certa,in pm~nisaor~ raote, of which the fotlowin~ in word~s and fl~'ures is a trccE copy,
to wit:
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and sholl perro~m, comply with and abide b~ eo.eh and every the atipulations,
cL~eements, eonditionB and eovencLnt,s of sar.id prnmis8ory note dnd of this deed, then
thi~s deed cLnd t7ae esta.te hereby ereczted shall cea~se and be null and void.
,
` ,~tt~ _ the said .hfort~m~or hereby eovencants cind a~ees:
t .1. To pab a1l and sin~ular the prineipaZ anci interest and other sums of money
! payabte by virtue of said promisgon~ note and this deed, or either, promptly on the
days respectively the same severally come due.
S. To pay all and singular the taxes, assessments, let~ies, liabilities, obligations
and encumbrances of every nature on said described property each and every, and
if the sctm~e be not prnmptly paid the 8a~id Mort~'ac~ee may at any time pczy the Same
~ without wcr.iving or ccfJ°ecting the option to forecloae or any rig'ht hereunder, and every
payrnent so m,ucde Shall bear interest frnm the date thereof at the rate of eight
per cent. per annurri.
7'o pay oli and ain~ular the costs, ch,arge~: a~u~i expenses, including lawyer's
fees, rea,sona,bly incurred or pciid a,t ctny time by said Jl~ort~a~ee because of the fa,iture
on the part of 'the sccid Mort~agor to perfornz, comply with and ubide by each dnd
every the Stipulations, mgreementa, conditions and covendnts of said pro~rcissory note
and ~h,is deed, or either, and every such pay~nent sluLll bear interest frorra date cat the
rate of eight per cent. per annum.
~ To keep the building now or hereafter on said land insrcred in a su»:. not
~ less than highest insurable value
- ~mr~ in a company or companies to
be dpproved by said JKort~a~ee, mnd ~he polie~ or policies held by and pdycLble to said
.~ort~m~ee, dnd in the event ccny Su~rc of monoy becomes pay~ble urcdeT such poticy or
poZicies, the JKortga$ee 8h,atl have the option to receive c~nd apply th,e sam,e on account
- of the indebtedness hereby secured or to perrrcit the JKortgagor to receive and u~se it, or
an~ pcart thereof, for other purposea, without thereby waivin~ or i~rcpairing any equity
lien or ri~ht under or by virtr,ce of this mortgcc~e, dnd may pla,ce and pay for suclc
inaurance or any par~ thereof, wit.jtout wa.iving or m~`'ecting the option to foreclose or ~
any ri~ht hereunder, and ea,ch and every Such pccy~rtent shall bear interest from date
at the rate of eight per cent. per annu~n.
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