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FOR VALU6 AECEIVED. tla uad~ai~a~d. Jolatlt and ~w:allr. PAOMISE TO PAY !o tM ord~r oL
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:i rl~lt b aadM tl~ saM t~s erwt of s~?sNw~t ~etwlt. Att~r matnHt~ Mt~ /riwc4ai aa~ aec~ad lut~rest daU ~wr islaeat at
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: m~trrity ad N?~ saee is ~Isc~i oitk o attarsr~ fK eeiMetMw. H~ wak~rs •~i u~~ors~es ~aerol ~r«e N Paf aU eNb ei albetM~. Mel~iiws ~swet
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and shall dulq. P~mPW ~~3? P~o~. ~hal'B'e. ezecute, eKect, eomplet~, coraply with aaQ abide by each
aad svery the stipulsilona, agreements. conditions and covenanta of aaid prora~aiory note snd of this mortgag%
t,hen this mortgage aad the eatste hereby created ahall ceaee a~?d be null and void.
It is uaderatood that e~ach of the words. "note," "mortgagoY' and ••mottgagee•• respecttvely and the pran-
oua~ ~!eferring tLereLO, wbethar in the ~ngular or plural aaywhen in this mortgage, shall be einguisr if one oNy
md ahall bs plural jointly and severally. if more than one. and ehall be ma~cnline, feminine and/or neuter. whe~
ever the oonbe~c~ so impitea ar admits.
Md aaid l[ortgagor !or bimsel! aad hia heirs. tegai repx~esentativ~s„ auoc~easors end aaelgos, hereby coven-
ant~ ana agree~s to and with said ][ortgsgeq lW legal repreaentativea~ succeasors and aasigns:
L Zb psy aIl and eiag~ilar the prindpal and internst and the various attd sundry sums o! moneY PoS?able Dy
vlrtue oi aaid prom~eory nota aad ttW mortgaga, eaeh and everY. P~PVY oa tha dsys respectively t6e same
eeveratty Dec~oma dua
~ To P4Y ~~d slnBular tt?e tezca, aasesameats, levies, liabilities. obllgationa and incumbrances of every
nature and kind aow on saW described ProPeMY. and/or thst hereaiter maq be imposed. auffered. Placed. levied
or aseessed thereupon, and/or ti~at hereafter may be Ievied or assessed npoa this mortgage and/or the indebtcd-
n~ss secured heteDy. escb and twery, when due and payable acooMing to law. before they beoome delinquent,
and before aay interest attaches or any penalty ie incurred; aad in ao iar ab any thereof is of reoord the same
shvt be prompUy aatisfied aad diacharged ot record and the origlnal oftcial document (auch se. for inetaace.
the tas reoeipt or the asWfaction paper ofHcially endoraed or certitied) ahall be placed 1n the handa of said
litortBaSee within ten days nezt aiter pay?nent; sad In the event that any thereof is not so paid. satis~ed and
discharged, said Mortgagee may at any time pay the same or any part thereoi without wa[vtng or affecting
any option, llen~ equity or right under or by virtue o! this mortgage. and the fuli amount oi each and every
such payma~t ahall be immedlstely due and payable and ahall bear interest from the date thereoi until paid
at the rste oi ten per centum per annum and together with sach intereat shall be aecund by the lien of this
mortgage.
S- To plaoe aad continuously keep on the buildinga now or hereafter ~ituate on said laad ~re snd wtndstorm
lnsusanct ia the usual standaM poHcy foran, !n a sum not lese tt~an i-~-s-OQQ,sQ-
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pany or companies as may be approved bq aaid Morigagee; snd sli such insurance poHcies on•any o! said build-
1ngs. any interest therein or part thereof. in the aggregate sum aforesaid or in excess thereof. shall contain the
ususl standard mortgagee clause making the losa under said polictes, each and every. payable to said Moriga.
gee aa hi, interest may appear, and each and every auch policy shall be pmmptly delivered to and held by said
ldortgagee; and, not less thaa Len days in advance of the expiration of each policy, to deliver W said Mortgagee
s renewal thereof. together with a rxeipt -tor the premium ot auch renewal; and there shall be no auch insur-
anoe piaced on anq of said buildings, any intereat therein or part thereot. unless in the form and with the losa
psysble as ator~ssid; and in the event any aum of moneq becomes paysbte under such pollcy or pollcles aaid
Mortgsgee ahall have the optfon to receive and apply the same on account oi the fndebtcdneas secured herebq or
to permit said Mortgagor to receive and uae tt or any part thereof for other purposes without thereby waiving
or impairing any equity, !!en or right under or by virtue ot this mortgage; and in tt~e event aaid Mortgagor shaII
for anq reaaon fail to keep the sai~ prembes so in~ured, or fail to deliver prnmptly any o! said pollcies o!
ina~ranoe to said Mortgagee~ or fail promptlq to paq fully any premtum therafor~ or in any respect fall to per-
torm. diechs.rSe, execute, effect, oomplete. comply with and abide by this oovenant, or any part hereof. aaid Mortg• ~
agee may place and pay for such ineutance or anq pezt thereof without waiving or affecting any option. lien.
equlty or rlght under or.by Wrtue o! ~this mortgag~ snd the full apnount of each and every such psyment shall
bs immecriately dne and psyable and ehs11 bear interest imm the dste thereof unw ~a at the rate oi ten per
oentum per snaum a~ together wtth such interest ehali De eecu:+ed by tha Hen ot ttds mortgage.
'b T+~ Pern~lt, comn~it or autler ao rvaste, ianpairmeat or dstartarsation of said pmperty or any part thereot
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6. 1b P~Y aIt ~tad eingular the costs, c.bargea and expei~ea, tneiuding nt~sonabte laaryer's tees and cost'o! i
abstri?ct~ o! titie, incurre0 or pafd at aay Wne by aatd M~rtgagee because and/or fa the event oi the faflura 6
oa the part oi th~ said l[ortgsgor to dulY. P~~Ptly and tlilly pertorm. dl~charBe. azecute, effect~ completq ~
oomply wtth aad sMde by each aad ever~r tbs stipvlationa. agreementa. cond~tions and covenante oi said ptomis-
sory note. aad thU mortgags. sn~ or dther. and safd cosb. charges and eo~penses, cach and every. s~W bs Im-
a~edi`telY due aad PaYsb10. ahetber or nflt ffiere be notice. demand. attempt to cotkct.ar autt PendluB: aad ihs
1Wl a.~namt ot each and eray mch psqment ahall bear intar~at trom the date thereot uatll pald st the nte o!
tm pat eeatum par ewaum: aad a11 ~afd oo~b. eharBea and acpeiues au facurrad or Paid. togetLer witL wch !n-
tuwt, ~haii b~ aaue+sd bp t~s lien ot tbis mortgsgs.
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