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and shalt perform, corrtpty watlt and abide by each and every the stipulations,
a~reements, conditions and covenanta of said promissory note and of tlus deed,
_ then this deed and the estate hereby created shalt cease and be nult and void.
f
? ~ri(~ the sRid .1Kortgagor for and heirs,
` le~at representatives and assigns, hereby covenant and agree :
~ 1. To pay ail and sin~ular the principol and interest and otlaer sums o~ ~noney
pa3yabte by virtue of said promisaory note and this deed, or either, pro~nptly on
the da~/a reapectively the same sgve~ally come due.
To pay alt and sin~ula~ the ta~es, ossessments, levies, tir~bilities, obligationa
and encumbrances of ever~ nature on said described property each and every, and
if the aame be not promptly paid the aaid JKortgagee , heir8,
legal representatives or assigns ma~ at an.y tim.e pay the same without waiving or
a~'ectin~ the option to foreclose or any ri~ht hereunder, and every payment so made
ahail bear interest from the date thereo~ at the rate of per cent. per annu~n.
To pay ali and sin~ular the costs, charges and e~pensea, includin~ lawyer's
Jeea, reosonably incurred or paid at an~ time by said JKort~a~es,
heirs, le~al_representatives or ussigns, because of the failure on the part_of the said
_ _ - .
heirs - - - - -
MoTtga~or, , le~-Z representatives or assagns, to per~orrri,
comply with and abide by each and eaery the stipulations, agreements, conditiot~a
and covenants of said promissor~ note and this deed, or either, and every Ruch
payment 8hall bear interest frorrt date at the rate of per cent. per annum.
To keep the building now or hereafter on aaid land insured in a sum not
. IesB than Dollars, in a company or companies to
be approved by aaid .hfortga~ee~ and the poticy or policies held by and payable
to aaid Mortga~ee, h~irs, le~ol representatives or asai~ns, and in
the euent any surra of ~noney becorrces payable under such policy or policies, the
Mortga~ee, . heirs, legal representatives or ossigns, sh,all have the
option to teceive and apply the sdme on account of th,e indebtedness hereby secured
~"~y or to permit the -Mort~agor to ~eeeive and use it, or any part thereof, for other
purpo8es, without thereby waiving or impairin~ any equity lien or ri~ht under or
by virtue of thia mort~a~e, and mcay place and pay for such insurance or any
part thereof without .waivin~ or a~'ectin~ the option to foreciose or an~ right here-
under, and each and every such payment shall bear intereat from date at the mte
o~ per cerct. per aranum. 0 R
~ BOOK
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~ ~~3 PAGE~409
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