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~rpt~rd ttlw~~~, that if said .Mort~ag'or s)uclt pay tcnto the said .hfortga~ea
the certain pm»tissory rwte, of which the fotlowing in words and fl~ures is a true copy,
to wit: ~
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t . . i~lt~"~.~Q ` ' `t _ ~ ~ : _ r~ P~ F~ida,
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on, ti~s ' " ~ ~ ~I~.~r.~~.' _ 19~ and a~ liks ~_~um' ~
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an.d shall perfo~m, com.plJ with and abide by e~ch and every the atipulations,
cL~reements, conditionsr and covenants of said promi,ssory note dnd of this deed, then
this deed and the estate hereby crecLted shalt cea,se and be null and void. -
,~lt~ the said JKort~sagor hereby covenants c~nd mgrees:
..1. Ta~ pay all and sin~ular the princLpal anci interest and other sums oj money
; payable bJ virtue of said promissorrJ note aru~ this deed; or either, promptlJ on the
` days respectively the same severolly come due.
~
~ Q. To pay all and sin~ular the taxes, assessments, levies, liabilities, obli~sations
; and encurrabrances of every nature on said described propert~ each a~
~very, and _
if the sccme be not prnmptly paid the said JKortga~ee may at any tim,e pay the sccme
~ without wo,ivin~ or affecting the option to foreclose or any right hereund.er, and every _
~ pmym,ent ao ma,de sluctl bear interest from the alate thereof a,t the rate of eight
per cent. per ccnnum.
~
7'o pay ali and sin¢ular the costs, char~P~ c~rul expenses. including lawyer's
fees, rea,sonably incurred or paid at acny time by sdid Jl~ort~'a~ee because of the fQilure _
on the pacrt of th,e said JlTortgc~gar~to perfor~n, corraply with and cabide by each and
every the stipulations, ci~reements, conditions and covenctnts of said pruma.ssory note
dnd this deed, or either, acnd euery such pctyment shall becar in~erest frnrri date a,t the -
~ rncte of eight per cent. per annurra. - -
~
~ To keep the buildin~s nozv or hereafter on said land insured in a sum not
~ less than highest insurable value
~ â ~oiioex, in a company or companies- to
~ be approved by said .Mortgc~~ee, and ~he policy or polici,es held by and paycLble to sa,id
.~ort~a~ee, and in the event any sum of monay becomes paya~ble under such poli,cy or
poliei,es, th,e .hTortgagee sh,all haae the option to reeeive c~nd apply the same on a,ccount
~ of the indebtedness hereby secured or to permit the Mort~'ag'or to receive Qnd use it, or ~
any pcart thereof, for other purposes, without thereby wcLiving or impa,irin~ any equity
lien or right under or by virtue of th,is mortgage, and »ucy plccce and pccy for sucJc =
inaurance or any part thereof, withou~ wa,iving or affecting the option to foreclose or `
cr,ny ri~h.t hereunder, and ea,ch and every such pa,yment shall bear interest frorrz dctte
a,t the ra,te of eight pe~ i:~nt. per-annu~n.
~ e oK 164 574
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