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FOR VJ~LVE AECEIVED. tM und.rd .d. oipil and s~~~raUT. PROMISE TO PAY !o tb~ ord~r ol '
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M~ot ma? dKi~aal~ ia wrltitq. !o~l1Nr wli6 iut~s~st isom dat~ ~t !M r~t~ ot ..8-~-~- • p~r nntum p~r anawa oa f~ uapaid
balaae~ untit tnsl~uitT. TM Wd priodpU and tat~r~s! sbaU M dw aAd p~Yabb ~ i~~rj
~ ~ ~ ~ ~ ~ pya~ts a[ =IOQ. 00 i xnaot~ !h~
p~t ai ~100~ 00 b~ioq ~w lrca dab~ a~ aaoRln~ ~ach m~o~th t~~r
~ l~tr na~~ ~f~ ps~,d !s i~11. All sr~ to b~ fir~t ar~dibd ~o lob~s~at and
~ D~i~• b~ parrpaid wit~to~d p~nait~r.
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l1 ief~rlt M~~ IK ...QM..... ~s i~ tb M1~t ef y b~tall~~t ~f
c~ ~~~y viti t~tmst ~i~ll ~t Mlt~s'~ Mtios Meo~ iw u~ P~acipal er iwtuNt w o1 N*t tMeMf. tM ~r?N~ t?~w ewl~lat
=~Nt ~sKCiw tl~ s~~r i~ tN wwt ~f s Mr~iM vitlwY! .~tiu. FaU~n te •~ciN suc~ e~ti~w ~W wt ewtlq~t~ vNwr et ti~
M~. TM Mk~et ui °~~t detwit Atbr awturity ?Ni M~~~MI asi uc~wi iatuut sidl ?w I~t~n~t ~t Mr a~to
c. M? a~s~ r~W e~et~rs ~t t4b wet~ (Yrty~r ~ai~e ~as~. seda ~t sN-Wwt ~si ~eetqt t!4 s~a b+Nt a!
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~~y~J~ u atto~yr fw c+lleetiN. t?~ ~lc~rs ~d wiKSer~ ?~n~f a~rN b~a7 dl eMb ~1 wlbetM~. I~ei~s ~ewrt
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snd shsll dulY. Promptly sad tully perform. dischsrg~, execute, eftect, oompletr, comply wltb and abids by each
and every the stipulations. agreemeats, condiGons and covenanta oi aaid promiswry note and of this mortgage.
tt?en this mortgage and Lhe eststs hereby ct+eated shail ceaae and be null aad void.
It is understood that each oi the words. "aote." "mortgagoY' and "mottgagee" respecUvely and tha prnn- -
ouns referring thereto, wbether in the aingular or plural anywhere fn this mortgage. ahall be aingular i[ one ody
and ahall be plural ~ointly and severally. i! more thaa one. and ahall be mascutine. feminine and/or neutcr. whe~
ever the oonieut ao implles or admits.
And aaid Mortgagor for hiaiseli and hls heire4, legal npreaentstives, succeasors and aasigna. henby ooven-
anb ana agrees to and with said Mortgagee„ hia legal representatives. succe.ssors and assigns:
1. To psy all and aiagular tAe principal and interest and the varlous aad sundry aums of money psyable by
v1rWe ot said promissory note. and thi~ wortgage. each and every. prompUy on the dsys rapectively the same
~everally become dua
Z. To pa}? all and ffing~ulsr the ta:ea. aseeaaments. levies, liabilities. obligauons aad incumbrances of ever~
nature aM kind now on sald dexribed property. and/or that hereafter may be impnsed. auftered. placed, levied
or asaessed thereupon. aad/or tbat herratter may be levied or assessed upon this mortgage and/or the indebted-
neas aecured henbp. each and every~ when due and payabie acoording to lsw~ before they become deItnquea~
and before any intereat attachea or aay penalty is incused; aad in eo far as any thereoi is of reoord the sams
shall be promptly aatisfied and discharged oi record and the orlgtnal officiai document (such ae. for instaace.
the tax receipt or the aatisfaction paper officially endorsed or certifiedi shall be placed in the hands o! said
Mortgagee w+ithiu ten days next aSter payment: and in the event that any thereof is not so paid. aatLsfied and
, dtacbarged. said Mortgagee may at any time pay the same or any part thereoi without waiMng or affecWtg
say option, Hen, equity or right under or by viriae oi this mortgage, and the full amount oi each and every
auch payment ahall be immediately due and payable and shall bear interest from the date thereof until paid ~
at tbe rate oi ten per centum per annum and together with such intereat ahall be aecured by Lhe lien oi this
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' 3. To plaoe and coaUnuously keep on the buildinga now or herPafter situate on said land flre and windatorm
insuranoe tn the usnat standard pollcy torm, ia a aum not less than i-------------------•-•---...---__.___........_....._..... in such com- ,
~ paay or companies as may be approved b aaid Mort a ee; and all such inaurance
y g g policiea on anq oi esid build-
I ings. anq interest therein or part thereof. in the aggregate eum aforesaid or in excess thereof. shatl contain the
uaual standard mortgagee clause making the loss under said policies, each and every. payable to aaid Mottga-
gee as his interest may appear, and each and every such policy shall be promptly deliverea to and held bp eaid
Mortgag~e; and, not less than ten days in advance of the ezpiration ot each pollcy, to deliver to aaid Mortgagee
a renewa] thenof, together with g receipt for the premium ot such renewal; and there ehall be no such inaur-
ance placed oa anq of said buildings, any intereat therein or part thereof. unless ln tht lorm and with the losa
psyable aa atoreaaid; and in the event any sum of moneq becomes payable under such poHcq or policies aaid
]ilortgagee ahall have the optlon to receive and apply the eame on account of the indebtedz?ess secured kereby or
to permit said Mort~agor to rexeive and nse it or any par! thereot i'or other purposea without thereb}? waiving
or impaiting aay equity. Hen or rlght under or bq virtue of thia mortgage; and in the event said Mortgagor shall '
for anq reason fail to keep the said premisea so Insured, or fail to deliver promptly aay of satd policies o!
insurance to said Mortgagee, or fail pmmptiy to pay fully anq preraium therefor, or ia aay respect fail to per-
form, discharge~ execute, eifect, oomplete, comply with and abide by this covenant, or any part hereof. eaid Mortg-
agee may plave and pay for auch insuranc~e or sny pari thereof without waiving or affecting any option, lien. ~
equity or dght under or by virtue oi thla mortgage. and the full aqnownt of each and everq such pa?yment ahall -
be immediately due sad paysble and ahall bear interest irom tha date thereof untU paid at the raie oi ten per ;
oentum per annwn and iogether a?ItA auch intereat shall be secured Dq the Hen o! thls mortgage.
4- To P~~k ~~t or sutfer no waatq iwpairmeat or deterioration o! aat8 property or any part thereo~
6. 7b psq atl and aingular the coste, chargea and eupenees, including reaaonable lawyer'~ fees and cost o!
sbatracte o! title. tncurred or pald st any tlme by said M~rtgagee because and/or in the event o1 the tatIurs
an the patt oi the said Mortgagor to duJY. Promptty and tu11Y Perlorm. dlschar8a esecute, eltect, complete,
oomply wfth aM ablde b}? ex?ch and every the atipulations, agreemmts, condiUons and oovenanb oi said pmmf~-
wry twte. aacl tbls mortgage. any or either. and asld cosb. charges and eapen~ea, eaeh and every. steall be !an-
medl~ tely due aad payable, wbetLer or not there be notice, demaad, attempt to ooUect or suit pwding: aad ths
iWI a:nount of each aad every such psyment ahsll bear intereet irom the dsts tt~sreoi until paid st the nte ot
tea pec centum per aaaum: and aIi aaid casts. chaeg~es and ezpen~ w incarned or pa1a. togatLer arltb such Ln-
tese~t, ~ball Ds ~ecured bp the 1len oi Wa mortgage. ~
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° R 151 568 `
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