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~1'DU~p~ ~lU~1J$, tho,t if said ,Mort~a~or shalt pa,~ unto the said .1Kort~a~ee
tlie certain promisaory reote, of which tai.e following in words ccnd ~~wres is a true copy,
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an.d shall perfo~m, comply with and abide by e,a.ch and every the stipulations,
ct,~`i'eerrzent~s, conditions dnd covencints of Sccid prnrnissory note and of thi,8 deed, then
this deed a.nd the estcr.te hereby crecLted slutll cease and be nult arad voial.
.~t~i the so.id JKart~gm~or hereby covenants acnd a~'rees:
-1. To pay ail and sin~vXar the prineLpal anci interest and other sum,s of money
payabte by virtue of said p~o~nissonJ nQte and this deed, or either, promptly on the
days reapeetively the sarrae severolly come due. '
To pay all and singular the taxea, assessments, levies, liabilities, obli~ations
and encurrtbrances of every nature on said described property each and euery, and
if the aame ba not prn~n1~~1 P~ tiie scr,id JKort~a~ee may cr,t any time pa,y the scwne
without waivin~ or afJ"ectin~ the option to foreclose or any ri~ht hereunder, dnd every
pciyment $o m,ade sluall bear interest from the date thereof at the rate of eight
per cent. per c~nnum.
J. To pab ali and ain~ular the costs, eh.ar~p~.' and expenses, including lawyer's
fees, reasona,bly irc~urred or paid at c~ny tirne by sacid JK'ort~ac~ee beeacuse of the fctilure
; on the pccrt of the sdid .M~ortgacgor to perfor~n, co~nply with cand abiade by eaeh and
' every the $tipulations, a~'reement~s, condi-tions and covenacnts of sccid prumissory note
ar,nd th.is deed, or either, mnd every such pay~nent sha,lt bear interest frorn dc~cte tat the
ro,te of eight per cent. per annu~n.
To keep the building now or herea~ter on said land insicred in a sum not
less than highest inaurable value
- DvliarS, in a eompany or companies to
he apprnved b~ said .Mort~dgee, and ~he policy or policiea held by and payable to sa,id
.~fort~a~gee, and in the event any surrz of monpy becomes payable under such policy or
policie8, the .1Kortgm~ee aluzll have the op~ion to receive and apply the Same on u,ccount
of the indebtedness hereby secured or to permit the JKortga~or to receive dnd zcae it, or
cLny part thereof, for other purposes, without thereby wacivin~ or impuirin~ any equity
lien or ri~ht under or by virtue of this rn,ortgage, and may place dnd pcay for 8uch
inaurance or any part thereof, witltout waivin~ or dff'ectin~ the option to foreclose vr
an~ ri~ht h.ereund~er, acnd ecach arid every Such pa.bm,ent shall bea,r interest fro~n d,acte
at the rczte of eight per ce~.t, per annum.
a~ox148 _ 181 eoo~ 14? 293 -
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