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The Mortgagor hereby covenants and agrees:
1. To pay all and singular the principal and interest
and the various and sundry sums of money payable by virtue of
the above described Promissory Note and this Mortgage, and any
and all renewals of the same, or any part thereof, and also _
any and all other loans or advancements which may be made by
Mortgagee to Mortgagor, promptly on the days respectively the
same severally become due.
2. To pay all and singular the taxes, assessments,
levies, liabilities, obligations and encumbrances of every
nature, on said described property each and every, and if
the same be not promptly paid the Mortgagee may at any time
pay the same without waiving or affecting the option to
foreclose or any right hereunder and every payment so made
shall bear interest fifteen days from the date thereof at the
rate of fifteen per centum per annum, as provided herein.
3. To pay all and singular.the costs, charges, and
expenses, including lawyer's fees and abstract costs reasonably
incurred or paid at any time by the Mortgagee because of the
~ failure on the part of the Mortgagor to perform, comply with
i
; and abide by each and every the stipulations, agreements,
~ conditions, and covenants of said indebtedness and said
~ Promissory yote and this Qeed, or either, and every such payment
shall bear interest from date at the rate of fifteen per centum
~ per annum.
4. That the Mortgagor will keep all real and personal
~
~ property now or hereafter encumbered by the lien of this Mortgage
~
~ insured as may be required from time to time by the Mortgagee against
K
~ loss by fire, windstorm and other hazards, casualties, and con-
~ tingencies for suci~ periods and for not less than such amounts
as may be required by the Mortgagee and to pay pror~ptly when
~
due all premit~ms for such insurance. The amounts of insurance
~ required by the Mortgagee shall be the minimum amounts for which
~ _
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