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anct shall perfo~m, conr.plJ witlt a~rci abide bJ e.~cla a~rd ezerrJ t):e stipulc~tions,
ac~sreement,s, co~aditio~as and coaenccnts of said pro~nissorrJ note and of this deed, then- -
this deed and the estate he~ eby ~rec~ccted shall ceas~ and Le null and i~oul.
AIl(~ the said .~furtgca~or herebz• covencants and ccgrees: -
.1. To pay all and sin•~ictar thc principr~l Rn~l. int.crPSt and other sicros uj naoneJ
paJahle bJ virtu.e of se~id pro~nissorJ notc~ anrl tlris ~lee~l, or eitlier, pronrptl~ tlae
~laJs respectivelJ tlae s~»ae severallJ co~ne due.
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I To paJ all a~rd sin6r~lar tlce ta.rc~s, assessments, lez~i~•s, liahiliti~., ~~blioatio~as ;
an.{l encunabrnnce~ vj everJ nature on sui~l cl~scrilied propc~rt J ca-•la and- ev~r~, un~l i
if t.he same be not promptly pcaid the socid .htort~sa~see may at anJ time par.y the sac»ze
~ without ztaivin~ or a~eetin~ the option to foreclose or uny right hereu~tder, and eaer~J
~ p~zymerit so made shalt be.ar interest frum th.e date thereof at the racte of six (6)
~ per cent. per anntcm.
~ 3. To paJ alt and sin¢`ular the costs. ch«rd~s a~i{l i-xpeuses. i~t.rtu{ling latcJcr's `
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~ fees, reaso~tably Liacurred or paad at dny tLnae bJ sc~ad .~fort~a~ e beca << e of t ie fa~lic.re ;
~n the ~art of the said Jllort~agor to perform, complJ r~•ith, a~tcl crLicle by each and ,
~ everJ tlce stipiclations, d~reenie~tts, corditions a~a~ cozen.ants of~ said pru~ntaso~y ~tote
1 and this deed, vr either, and every such pc~yment shall bear interest froni date at tlze
rcLte of six (6) per cent. per annum.
y. To keep the bi~i,lc~'n6 n,otv nr h.ereafter o~t snicl la~rcl insr~re~! in ~ s~rn~ not
less than. Fifteen Thousand ($15, 000.00) - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - ~o~lars, in. a c~ont:paria~ c~r ~o~rapa~i%es to
~ be acpnroved by sacid J~fort~'2~see, aru~ ~he polu;~ or ~~olicies hel~ bJ a~tcl pat~able to ,eaid
.hfort~acgee, d~cd i-n tlre ez~ent any sicm of nt~onpJ becontes paJable under srccJt• p~licy or
- poliei,es, the .;3lort3sa~see sliall hat+e the option to reeeive aad ~ipplJ the sanze on Rccoicnt
of the indebtedness hereby secured or to permi-t the ~~fort~a~or to receize ancl tcse it, or
~ dnJ part thereof, for other purposes, withorct thereby u•aiz~ing or ina~uirin~ ar~~ eqrcity
~ li,en or ri~lat, under or b~ virtue of thi,s morf~age, ~nd nt.~y place and J~a J for srcck
insurdnce or c~ny pctrt thereof, uztlaout wwivir~g or cr•ffectin.g tlce option to fo~•ecl~ose or
~ ctny ri~ht hereunder, and each and every sucjc pctyntent sliall bear interest from date
~ af the rute of six (6) per cent. per annum.
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BOOK~S~ PACE ~V1
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