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and shall perfo~m, co~nplJ with and abide by esch and euery the stipulations,
a~sreements, condition.~ anal covenacnts of sdid promissory note and of this deed, tlr~en
this deed ctnd the estate hereby created shall ce.a.se and be null and void. " %
,~It~ the sa,id .1~ortgacgor hereby covenants ctnd cagrees:
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.1. To pay aZl and sin
f ar e pn.ncap ~nterest and--other sums of ~none~- -
payable by virtue of said promi.ssary note and this deed, or either, pro~n.ptlJ on. the
days respectively the same severallJ come due.
Q. To paJ all and singular the taxes, assessments, leuies, liabili.ties, obli~ations %
and encumbrances of eaery nature on said described propertJ each and eaery, and ~
if tlae sccme be not promptly pa,id tlte sa,ic~ Mortgac~'ee macy o,t any time pcty the sacme ;
without wccivin~s or affecting the option to foreclose or a,ny rig'ht hereunder, and every ~
pcty~rtent $o made shatl bear interest from th,e date thereof a,t the rcLte of sev~n
per cent. per annum.
?"o pab all and sin~ular the costs, char~p¢ arui expenses, inc~~~ding lawyer's
fees, recusonably incurred or pdid at dny time by sccid .M~ort~a~ee becdicse of the faiture
on the pczrt of the said JKortgagor to perforrn, comply with and abide by each and ~
every the stipulati,ons, ca~reements, conditions and covenants of said prumissory not~ :
and this deed, or either, c~nd every such pa,yment shall bear interest frnrrt date at the
of s even per cent. per annu~rc.
To keep the builc~in~ now or hereafter on said land insr~red in a sum• not
lessthan the full insurable value------------------------------------
__________________________________~j~~ in a company or companies to ~
- r licies held b~ and ~a,ble to said
.1Kort~a~ee, and in the er~ent any sum of mon~y becornes payable un er Suc L po icy or
poticies, the .1Kort~'ac~ee shatl have the option tr~ receive and apply the sam,e on account
of the indebtedness hereby secured or to permit the .~Kort~Q~'or to receive and use it, or
acny part thereof, for otlaer purposes, without thereby waiving or impaciring a~ty equity ~
tien or ri~ht under or by virtue of this mortgdge, and may pla.ce and pczy for such
insurance or ccny part thereof, zvithout waivin~ or ccffectin~ the opti,on to foreclose or
any right hereunder, and each and eve~y such pciyment shall bear interest frorrc date
ctt the rate of seven per cent. per annu~n.
800K PAGE 6Qs
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