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V~ wLUE A~CEIVED. und~sdqa~d. 3oLnilY aad s~~~raAY. PROMISE TO PAY to !h~ osd~r ol.....--
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h~s~oi maT d~rt~oat~ in writia~. lo~ibsr wiW Wt~s~s! isom dat~ at !h~ s~t~ o! ~..~~~e s aanua~ oa ih~ unpaid
balaae~ uutil matu:it~. Th~ said priadpsl ~nd int~mt s6aU b~ du~ aad pay~bl~
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and shall duly. promptly and Nlly pedorin. discharge, execute, efiect, completp comply with sad abide by each ;
and every the stipulations. agreementa. conditions and covenante of said promissory note and oi thi,e morigage. ~
then this mortgage and the eatate hereby created shall ceaee aad be null and void. i
It is underatood that each oi the worde. "note; '"mortgagor" and "mortgagee" respectivelq and the pmn- ~
ouns referring thereto. whether in t6e aingular or plural anywhere in this mortgage. shaA be aingular if one only ~
and ~hall be plural jointly and severally. U more than one. and ehail be mescuW~e. feminine and/or neuter, whe~
ever the coniext so implies or admita
Md said Mortgagor for himself and his heira, legal representatives, auccessore aad a~aigas. hereby ooven- !
anta ana agrees to and with said Mortgagee. hia legal representatives. successore and asaigns:
1. To psy sll and aingular the principal and intereat and the var[ous and sundry aums of money psyable by
virtue of said pmmissory note. and this mortgage, each and every. Pmraptly on the days respectively the sams
severally become due.
2. To pay all and aingular the taxes, assessmente. levies, liabilities. obllgatlons and incumbrances o! every
nature and kind now on eaid described property. and/or that heresiter may be imposed. suifered. placed, levied
or assesaed thereupon, andlor that hereafter may be levied or sssessed upon this mortgage and/or the indebted-
C ness secured hereby. each and every. when due and payable ace~ording to law, before theq becoma delinquent,
I and before any interest attache9 or any penalty is incurred; aad in so far ae any thereot ia of record the sams
i shali be prnmptly satisfied and discharged o! record and the original official document (auch as, for inetance.
Lhe tax receipt or the satisfaction paper officfally endorsed or certified) shall be placed in the hands~ o! aaid
Mortgagee within ten days next after payment; and in the event that any thereoi is aot ao paid. satiefied and ~
discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or atfecting F
any option, Hen, equity or right under or by virtue of this mortgage. aad the full amount o1 each and everq ?
such payment shall be immediately due and payable and ahall bear interest from the date thereoi until paid i
at the rate of ten per centum per annum and together with such interest shall be secured by the Hen oi th3s ~
mortgage. ~
3. To place and continuously keep on the buildinga now or hereafter aituate on said land 5re and windstorm
MBR~IRIlID in such com-
irmurance in the usual standard policy form, in a sum not less than i-•-•--•--------
pauy or comp^nies as may be approved by said Mortgagee; and all such insurance policiea on any of said build-
ings, any interest therein or part thereof. in the aggregate eum aforesaid or in excess thereot. ahall contain the .
usual standard mortgagee clause making the loss under said policie9, each and every. payable to said Mortga- ;
gee as hie interest may appear, and each and every such policy shall be prompUy delivered to and held Ly said ?
Mortgagee; and, not less thau ten days in advance of the expiration of each policy, to deliver to said Mortgagee
a renewal thereof, together with a receipt for the premium ot auch mnewal• and there shall be no such insur-
ance placed on any of said buildinga, any interest therein or part thereoi. unless in the form and with the loss ~
payable as atoresaid; and in the event any aura ot money becomes payable under such• poUcy or policiea said
Mortgagee shall have the optlon to recetve and apply the same on acconnt of the indebtedneas secured hereby or
to permit esid Mortgagor to receive and use it or any part thereoi for other purpo~es without thereby waiving
or impairing any equity, llen or right iu?der or by Wrtue of this mortgage: and in the event said Mortgagor ahall
for any reason faii to keep the said premises ao insured. or fail to dellver promptly any of asid policiea ot
insurance to said Mortgagee. or fail prompUq to pay fully anq premium theretor. or in any reapect fail to per-
form, discharge. execute. eftect, complete, comply with and abide by this covenant, or any part hereoi~ naid Mortg-
agee may place and pay for such inaurance or any part thereaf without waiving or affecting any option, lien.
equity or right under or by virtue of thia mortgage, and the tt~ll aq~ount of each and every auch payment shall .
be immediately due and payable and ahall bear interest trom ihe date thereof unt11 paid at tha rate of ten per 3
centum per annum and together with auch interest ahall be aecursd by the llen oi tt?is mortgage.
4. To periNt, commit or rmtfer no waste, itnpairmeat or deterioratloa of said property or any part thereM.
6. To pay all and singular the coets, chargea sad expenses, including reasonable lawyer'a fees and coet o!
abstracta oi Utle. incun+ed or paid at any time bq aaid M~rtgsgee becauee sad/or ia the event ot the faflure ,
on the part of the sald Mortgsgor to duly, pmmptly an~ fully periorm. dfscharge. ezecute, e8ect, complete.
comply wlth and sbide by each and every the atipulaUon~. agreements, cond~ttons and oovenants oi esid promis-
wry not~ aad thia mortgage, any or either. and eaid costs charges and expenses, each aad every, shall be 1m-
me,i, tely due aad psyable, whether or not there be notice, demand, attempt to collect or suit pending: and ths
l1il1 a:nount ot each and every such payment ehall bear interest irom the dste thereof until paid at the rate o!
ten pe. centuan per annum; aad all safd ooste, charga and espease~ w incurred or pald. Wgether witb such fn-
terest, ~ba11 bs aecured by ths Uea oi tbis mortBaSe-
~oo~ 244 ~A~ ~4 o R
gooK 175 PACE 1600 ;
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