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FOR ~/1~,L~jT~, aE~i,1~. ~~y~p'd~rtt~a~d. ioiatlt ~nd N~~rallT. PROr[ISE TO P1lY !o !h~ ord~s ot
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at Y11~7 a.l: c~. ' 1' ! 2' ~ 2a... ~ Ii~ ~ i i ~ 3...h, r.:~r iC~ ..................os sueh oth~s pl~c~ u th~ hold~s
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h~rwi usaT d~dQnal~ in wr!liy. lo0~t~: witL lnt~s~s! irou~ dat~ a! !2w rat~ of...._~.:;•.._....p~s c~ntum p~s aeuium oA th~ uapaid '
balana until maturitT. Tb~ ~dd prindpal md int~ra! ahall b~ dus and payabl~ as toUows:
ra~'_: _,r, ..~t? ,_.~Ly ~~.yi=~_e~lt: 1 . . , :r:cluai~=g nrin~ipal a:id
t~ "'-~i:; _~t ~2' ~tl _ _ ~ ~31ur•:~ : hall bc due
3:'il r~ irabl~ 2r~ ~:.1 ~ .
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~ !f d~twlt b~ saA~ tor ~ys la ti~ a~ut of u~ IutaWnnt of Prlocial or luter~st or ~sr part tle~wt. ti~ w6ob sue t?w nmaldas '
uapald witY int~t~at seaU at M1~u'~ ePtioa Meow~ dw ~sJ ~aral4 ~1t~wt ~oUea FaUurr te u~eis~ suci oPtio~ ~haU aet eeastltut~ ~ah~r e[ tA~
ri~l~t te ~~~rcis~ ti~ s~ae ia tM ~~~st ot suANqw~t Mtault /Ut~r s~turltp bot6 v~~b+~ ~d accrued ista~e~t s6aU Awi i~t~nst ~t ~ centum
matarity ao~pt6~ s~ is
plac
~h aad a~ers~~ ef tris aeb frrtMr wh• d~maad, aetice sf aoa-W.~Mt aa~ Motwt If t\is w rwt NY at
co.t. aa~ r~asoaabM atteraq ha. (e~ e~U~eNm. th~ a~kKS ~aa eeaon~rs Aeraot ain~ to pa~ dl ewb of coU~eHo~. includias au court
r: h~. __~t~ 3y _~i' = ' : - - ~-s ~ ~':th i?-_t~?~::t t- ~d.~e ~~f .
c,aayment w it,hcut penalty.
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and shall duly. prompUy and fully perform, discharge, execute, effect, completR. comply wtth and abide by each
and every the stipulations, agreemente, conditions and covenants oi said pmmissory note and of this mortgage.
then this mortgage and the estate herehy created shall cease and be aull and void.
It is understood that each of the warda, "note; '"mortgagor" snd "mortgagee" respectively and the pron-
ouns referring thereto. whether in the singular or plural anywhere in t,his mortgage. ahall be singular if one only
and shall be plural iointly and severally. i! more than on~ and ahall be nnasculina, feminine aad/or neuter. wher~
ever the context so implies or admits.
And said Mortgagor tor himsel! and his heira, legal representatives. succe~ors and aseigue„ hereby covea-
anta ana agree9 to and with said Mortgagee, his legal reprn,aentativea. succ~ssore sad asaigna:
~ 1. To pay all and aingular the prtncipal and interest and the various and eundry sums of moneq payable by
virtue ot esid pmmissory note, sad this mortgage. each and every. promptly on the days respectively the same
k eeverally become due.
2. To pay all and aingular the taxea, asse.ssments, leviee, liabilitiea, obllgations and incumbrances o! every
~ nature and kind now on said described groperty. and/or that hereafter may be impo~ed. euffered, placed, levied
or a.gsessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
ness secured hereby. each and every. when due and payable acoording to law, before they become delinquen~
and before any interest attaches or any penalty is incurred; aad in eo iar as any thereo! ie o! record the eame
ahall be promptly satisfied and discharged of record and the original otflc~al document (such as, for instance,
the tax receipt or the satiafaction paper offlcially endoreed or certified) shall be placed in the hands of said
Mortgagee within ten days ne~ct after payment; and iti the event that any thereof is not so paid. satisfied and
dischsrged, said 1ltortgagee may at any time pay the same or aay part Wereof without waiving or affecting
! any option, lien, equity or right under or by virtue of thfs mortgage, and the l~11 amount of each and everq
= such payment shall be immediately due and payable and ahall be.ar interest from the date thereof until paid
~ at the rate of ten per centurn per annum and together with such intereet ahall be aecund by the Hen of fhia
mortgage.
S. To place and coatinuously keep on the buildinga now or herEafter situate on eatd land Sre aad windatorm
~ insurance in the usual standard pollcy form, in a sum not less than 23.~.~~~,..a~.Y_..._....._..____..____., in auch com-
~ pany or comp: n:es as may be approved by said Morigagee; and all such inaurance policiea on anq o! said build-
~ ings, any interest therein or part thereof, in the aggregate sum aforesaid or in exces~ L'iereof. shall contain the ;
usual standard mortgagee clause making ihe loss under said pollciea~ each and everq. payable to said Mortga- ~
gee as his interest may appear. and each and every such pollcy ahall be prompUy delivered to and held by eaid
~ biortgagee; and, not less than ten days in advance of the expiration of each pollcy. to deHver to said Mortgagee
~ a renewal thereof, together with a receipt for the premtum of auch renewai• and there ehall be no euch inaur-
~ ance placed on any of said buildings, any intereat therein or part thereof, unlesa ia the form and with the loas
~ payable ae aforesaid; and in the e~ent any sum of moneq becomes payable under euch policy or poHcies said
Mortgagee shall have the optlon to receive and apply the same on account of the indebtedneas secured hereby or
~ to permlt said Mortgagor to receive and use it or any part thereof tor other purpoees witlsout thenbq wai
or impairing any equity, Hen or tight under or by virtue of this mortgage; and in the event eaid Mortgagor
" for ar_y reason fail to keep the said premises so insured, or fail to deliver promptiq any of said policies o! ~
~ insurance to said Mortgagee, or fail prompUq to pay fully any premitun therefor, or in any reapect isll to per-
' form, discharge. eaecute, effect, complete, comply with and abide by thie oovenant, or any part henwf. said Mortg-
;i agee may place and paq for such in~uranoe or any part thereof without waiving or aflectlng any oPtian. llen.
; equity or right under or by virtue of thia mortgage, and the full aqaonnt of each and every such psyu?ent ehall
be immediately due and payable and ahall bear interest from the date thereot unttl paid at the rate oi ten per
~ oentum per annum and together with such interest ahall be eecured by the liea oi thf~ mortga8e.
~ 4. To perml~ commit or sulter no waste, impairmeat or deterloration oi said property or any part thereol.
6. To pay all and aingular the costs. char8es and eapenses, including ressonable lawye~~ feea snd cost o!
; abetracts oi title, incurred or paid at any Ume bq said Mortgngee bxauee and/or 1n the event oi the fallurs
oa the part of the said Mortgagor to duly. Promptly aad fu11Y Pertorm. dlschar8e, ezec~te. elfect. compieter
~ oomply with aad sbide by each and every the atlpulaUons, agrewnenta, condittoa~ and oovenants of eaid promis-
a~ wry aote, and this mortgags. any or either, aad said c~ts, ct~arges and eo~pensea. each aad every. ahall bs !m-
mediatelq due aad psyable. whether or aot there be notice, demand, atteanpt to oolkct or suit penNnB: and ths
F~' itill amount o! each aad everq euch payment shall bear interest trom tbs dats thareot until paid at the rate ot
ten per centuan per annum: and all saia costa. chsrBea and ezpan~e~ ao incarnsd or paid, tog~sther w~ith such ia-
tersst, sball bs ~ea~red by tLs li~n oi thts mortgags.
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