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~ and ahall perfo~m, compl~ wi~h and abide by e,,ich and every the atipulations,
d~rreeem,enta, conditions and cm~ena,nta of scaid prn~nissory iiote oacd of thi,s deed, t~
thia deed a,~d th~e estccte Ir~reby cnea,ted shall cease a~d be null and r~oid. .
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the said Jlfor~~m~or hereby cavena~nta cr~nd a~+ees: ~
: .1. - To pay al1 and air~.jula~ t~i.e pri~c~pat a~ul intereat and other sums of m,oney
- payable by airtue of said pm~niaaosy note a~rd th.is deed, or either, promptiy on the
- daya respectivel~ the aa~ne ~eve~oliy come due.
To pay all and sin~ular the toxea, aasessmenta, tevies, liabilities, obti~ati~ona
and encumbrance~a of et~erf/ nature on said described p~operty each and every, and
if t7se sarane be not prnmptlb paid the sa~id .Jlfort~a~ee nta.~ a~ mny time pay the sacm,e
witJzou~ zar~ivin~ or a}~ectin~ the option to forecl~~se or u,~~ ri~ht hereu~zder, a,nd every
pa~yment 8o mad,e 8ha,ll bear intare~st frnrrc the da~e ther~eof at t,he nats of -7-
per cent. per aatnuna. ~
E ?'o pab oll and ain¢ula~ the costa, char~ea and expen$es. includiA.~ tawyer'a
~ feea, rea~sorucbly incurred or paic~ a,t o,ny tim,e by Sa,id Mort~ccgee beca~use of the fa,ilure
~ on the pa,rt of the 8o;id JKort,Qm~or to perforin, co~nply with a,nd a,bia~e by each a.nd
~ every the stipulation$, ac~ree~n,ents, conditions cand coverurnts of said prumiasor{~ note
~ and this deed, or either, and every such pcr,a/r?ient sho,ll bea,r int,erest frnrrZ date at the
; nate of -7- per cen~. per ctnnu~n. . .
~ ~r. To keep the bvildin~ now or hereajter on said land insured in a aum. not
~ less than ,
4 - insurable value-----------~eii~ra, in a com.pany or corrzpaniea to
~ be mpproved bb sa~id Mort;aa~ee, a3d ~he polic~/ or policiea held by ccnd pa~abla to aaid
~ r~ort~d~ee, a.nd ir~ the er~eiit a,n~ 8zcm of ~non~ beconie8 pay~able unaZer such policy or
policaea, the .M~ort~cc~ee.sluill have taie option to receive ccnd dPP~1 the eanu on cr.ccount
~ of t~he ind~ebt~ednee8 hereb~ secured or to per~nit tai~e .~i'art~a~or to r~ecei~ a,ud uaa it, or
P~ ~'~f, ~or ot~r purposes, u~ t1 ~'eb~/ uxuvan~ or impccirin~ dn
~ lien or ri~ht under or by virt~ce of this ~nort~dge, cc~d ~na,~ plo~ce oasd ~ir~ auch
~ inau,ra~nce or any Pa~'t thereof, w~t~out wa~i.vi.~,~ or a~fectin
j the option to~recloaa or
anl/ ri~ht heneund,~r, wad cach und ever{/ auch pa~/~e~~ alunll bear i,ntar8st fi~ona da~
a~t th~ rr~te of -7- per ca~. p8r a~nsc~n.
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