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Home My WebLink About0211 . p i ~ ! t 3 snd ahall duly, promptiy and fuliy pertorm, discharge, executP, eftect, completP, comply wlth and abide by each - and every the stipulations, agreementa, cond~tio:is and covenanta of said promissory note and ot this mortgage. then this mortgage snd the estate hereby created shall cease and be null and void. It i~ understood that each of the uonis, "note," "martgagor" snd "mortgagee" respectlvely and the pron- oun~ refernng thereto, whether in Lhe singular or plural anywhere in thls mortgage, ahall be singular ff one only and shall be plural jointlS and severally, if more than one, and shall be masculine, teminine and/or neuter, wher- ever the context ao implies or admits_ r Md said Mortgagor tor himeelt and his heirs, legal representatives, successors and asslgns, hereDy coven- ants ana sgrees to and with said Mortgagee. his legal representatives, successors and assigna: 1. To pay all and aingular the principal and intenest and the various anZ sundry suma ot money payable by virtue of said promissory note, and this mortgage, each and every, prompUy on the day~ respectively the same aeverally become due. { 2. To pay all and ~ingular the tnxe~, assessments, levies, liabilities, obligations and incumbrancea of every nature and kind now on said described property, and!or that hereatter may be imposed, auftered, placed, levied ~ or assesaed thereupon, and!or that hereafter may be leeted or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, ~+hen due and payub!~ s~~rording to law, bPtore they become delinquent, and before any interest attaches or any penalty is incuned; and in so far as any thereof is of record the same shall be promptly satisfied and discharged of record and the otiginsl official document (such as, tor instance~ s :he tax receipt or Lhe satisfaction paper officially en~iorsed or certifiedl ahall be placed in the hands of eaid p Mortgagee within ten days next atter payment; and in lhe e~•ent that any thereof is not so paid, satisfied and g discharged, said I?lortgagee may at any time pay the same or any part thereof w~thout waia~ng or affecting any option. lien, equity or right tinder or by ~-irtur ot this mortgage, and the full amount oi each and every ; auch payment shall be immediaiely due and payab;e and shall bear interest from the date thereof unGl paid ; at the rate of ten per cer.turn per annum and together K~th such interest shall be serured by the lien o! this ~ mortgage. ~ u~ i ~ 3. To place and continuously kePp on the buildin~a now or hereafter eituate on said Iand fire and windstorm ~ insurance in the u.cual standard policy form, in a sum nM les9 than s~2~:~~'.~.~..._ 1n such com- • ~ pany or comp::airs as mat~ be apprc~ved by sai~l :~lort~•a~~~e: dnd ail such insunnce policies on any ot said buiid- ~ ings, any interest therein or part thereof, in the a~;~regate sum aforesaid or in exce9s thereof, shall contain the R usual standard mortRngee clause maicing the luss ur.~irr satd policies, each and every, payable to said 1?tortga- ~ gee as his interest may appear, and each ar.d e~~e:}~ su~~h policy ~hall be pmmptly delivered to and held by said ; Mortgagee: and, not less than ten days in adrance of the expiration of each policy, to deliver to said btortgaRee ~ a renen•al thereaf, together K•ith a receipt for ihe premium ~f vurh renewal: and there shall be no such insur- ance placed on any ot ~aid buildings, any interest there~n or psrt thereof, unle.ss in the form and with the loss ~ payable as a~~~resaid: and in the e~•ent any sum ot money becomea payable unde~ such pollcy or policies said ~ Mortka~ee sl~ail hare the option to recei~•e and apply the same on account of the fndebtednesa secured hereby or ~ to permit sa:d ~Sort~a~or to recei~•e and uQe it or any part thereot tor other purlw~ea without thereby waiving . or impairing any equiey, Iten or nRht under or by ~irtue of this mortgage; and in the event said Mortgagor shall for any reason [ail to keep the said prc mis~s so inaur~d, or fail to deliver promptly eny ot said policte~ of insurance to said :~inrtga~ee, or faii prompUy to r~y r~n~y any premium therefor, or in any respect fall to per- ~ ~ form, discharRe, exe~ute, eifect, complete, comply with and abide by this covenant, or any part hereot, said I?iortg- agee may place and pay for auch insurance or xny past thereof without v~ aiving or affecting any oplion, lien, ~ equity or right under or by virtue of thia mortgage, and the fuU amount of each snd every auch payment shaII ~ - be fmmediaLely d~e end pa~•able and shall beer interest from the date thercot until paid at the rate o[ ten per ~ - centum per annum and together with auch interest shall be eecured by the llen of thie mor4gage. ~ . To permit, commit or euffer no wa~te, fmpairment or deterioraUon of eafd property or any part thereof. ~ - 6. To pay all and ain(;ular the co~ts, chargea snd eapen~ea, including reaaonaDle lawyer's feea and coet of ~ abatracta ot tiUe, fncurred or paid at-any tlme by eatd ~i~rtgngee because and/or in the event ot the faflurs _ on the part ot the sald Mortgagor to duly, promptly and tuily perform, dlscharge, execute, effect, complete. ~R comply vrfth and sbide by each and every the atlpulatlon~, agreements, r.ond,Uons and covenanta of aaid promis- sory note, and thls mortgage, any or either, and aafd costa cherges and e~cpensea, each snd every. shail bs im- medi tely due and payable, whether or not thece be notice, demand, attempt to col}ect or suit pending: and ths ~ full a~ount of each and every such pnvment ehnll bear iniereat from the date thereof until pald at the rate ot G` tea per centum per annum: and all safd coete, ci?arges and expenaes w lncurred or paid, together wlth auch in- terest, ~hall Ds ~ecured by ths lien of thia morigage. - ~ ~ , . gooK ~9~ 210 B~~K 32~ ..621 ~ ~ _ _ { - . . _ _ _ _ _-.3