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and shall perfo~m, complJ with and abide by e~ch and ea~eiy the stipulations,
ac~reements, conditionar and coaenants of scLid prnmisaory uote and of this deed, then
this aleed and the estate hereby created shall ceu,se acnd be nult and void. _
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~tlt~ the so.ad .11~ort~'cigor hereby coverutnt~s and ag'rees:
.1. To pay all and sin~ular the princzpal and interest and other sums of money
payable by virtue oj said prorriissorrJ note and this deed, or either, pramptlJ o~a the
days respectively the same severally come due.
Q. To paJ all and si~a~sular the taxes, assessments, levies, liabilities, obli~ations
and encurribrances of every nature on said described propertJ each and every, and
if the same be not prn~nptly p~xid the sa.id .1Kort~d~ee may a,t any time pdy the sccm,e
zaithout wairring or cxf
jcecting th,e option to foreclose or any ri~ht hereunder, ccnd ever~j
~ pacyment so ~nade shall bedr interest front the date thereof at the r~ate of s~------- ,
per cent. per cannum. ~
To pay ali and sin~sular the costs, c1~rgP,4 a~ul expenses, includin~ lawyer's
fees, rea,sonctbly incurred or pccid at any time by 8acid Jlfort~a~ee becduse of the failure
~n the part of the said JKort~'a~or to perform, comply with and a,bia~e by each dnd
er~ery the stipula,tions, a~reements, conditions and covenants of said prorrtissory note
and th,i.s deed, or either, and every such pa.ym,ent shcr,ll bear interest frorrz dcite at the
rczte of s ix--~er cent. per dnnum.
To keep the building now or hereafter on sairl land insicred in a sum not
lessthan Ten T'housand (10,000.00)------------------------------~-----
~ Dotlats, in a company or co~npanies to
bc appraved by sa,id .~ort~a~'ee, cwid the policJ or policiea held by dnd payacble to said
.Mortgd~ee, and in the even~ any sum of mondy becomes payable under such policy or
policie8, t.he .1Kortgct~ee shall hat~e the option to receive mnd apply the sccm,e on account
of ~he indebtedness hereby secured or to perrnit the
.hfortga~'or to receiv~ and use it, or
any pcirt thereof, for other purposes, without thereby wa,ir~ing or irrtpa,irin~ any equity
lien or ri,~ht under or by virtue of this mortgc~ge, dnd may place ccnd pay for such
insurance or any paart thereof, without waivin~ or c~ffecLin~ the option to foreclose or
any ri~ht h~ereunder, and eacch and every $ucl~ pa,~m,ent shaall beacr interest fro~n date
a,t the rate of siX__,.per cent. ~ver annum.
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