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Home My WebLink About0662 _ _ _ , . . . _ _ _ _ _ _ _ . , , x:: - - . : . . - , . _ : - - - - - - - - :t`' ' t ~ and ahall duly. pmmpUy and tully pedorm. discharge. execute, etfect, rnmptete~, comply wfth and aDide by eacb aad every the atipulstions. agrcements. conditions and covenants of aaid prorruswry note and of this mortgage. then thls mortgage aad the astate hereby crasted ahall ceaae aad be null and vcid. It is underatood that each ot the words, "note." "mortgagor" and "mortgagee" reapectlvely and the pron- ouns referring thereta. whether in the stngular or plural snywhen in thia mortgage. shall be singular 1t one only and shall be plural iointly aad severally. it more tban one. and ehall be maeculine. feminiae aad/or neuter. wher- ever the oontext ao implles or admits. And said l~Rortgagor for hianself aud his heirs. legal repreaentativea. succeesors and aasigns, hereby coven- anb ano agrees W and with said l[ortgagee, his legal representatives, succesaore and assigns: 1. Zb pay all aad dngular tbe principal and lnterest a~ the vartous and sundry sums oi money payable by virtua of said promiawry aote. and thii mortgage, each and everY. pmmptly on the days re~pectively We same sevesally beoome due. Z. To pay all aad ~ingvlar the taxea, aaseaamenta. levies, lisbiliUea, obligations and incumbrances of ever~ nsiure and ktnd now on said descdbed pmperty, and/or thet hereatter may be imposed. suifered. placed. levied or aasessed thereupon, and/or that hereafter may be levied or a~ses~ed upon this mortgage and/or the indebted- € neaa secured henby. each and every. when due and payable according to law, before theq become delinqueat~ ~ and before any interest attaches or any penslty is incurred; and in so far as any thereoi is of record the same € ahall be prumptly satlsfied aad discharged of record and the original otficial document (auch as~ for inatance. € the tex receipt or We satiafactioa paper officially endorsed or certified) shall be placed in the hands of said { Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, aatisfied and ~ discharged. said ldottgsgee may at any time pay the same or any part thereof without waiving or atfecting ~ any option, lien. equity ar tight under or by virtue ot this mortgage, and the full amount of each and every such payment ahall be immedistely due and payable and ahall bear interest froirf the date thereo! until paid at the rste of tea per centum per annum and together with such inteteat ahall be aecurtd by the llen of thii mortgage. • ~ s. To place and continuously keep on the buildinge now or heteafter situate on esid land flre and windstorm ~ inaurance in the usuel stsndard pollcy torm, in a aum not leas than i.....-•--•---•-•-•------•--------------•-•-•-----••••----., !n such com- panq or comp:enies aa may be apprnved by said Mortga~ce; and all such insurance policiea on any of said build- inga, anq interest therein or part thereof, in the aggcegate eum aforesaid or in excess thereof. shall contain ths usual atandard mortgagee clawe making the losa ur.der said policies, each and every. payabla to asid Mortga- gee aa hL interest may appear. und each and every such policy ahall be promptlq deUvered to and held by esid Mortgagee; and. aot less than ten days in advance of the exp[ration of each policy, to dellver to said Mortgagee a renewal thereof, together with a receipt for the premium of auch renewal• and there shall be no such insur- ~ ance placed on any ot aaid buildings, say intereat therein or part thereof. nnless in the form snd wlth the loa~ payable aa atoreaaid; and in tLe event aay sum of money becomea paysble under such poHcy or policies aaid Mortgagee shall have the option to receive and apply the eame on account of the lndebtedness secured hereby or ~ to permit said Mortgagor to recdve and uae it or any psrt thereoi for other purposes without thereby waiving ~ or impatring any equity, llen or tight under or by virtue of t.his mortgage; and in the event aaid Mortgagor shall t for anq reason fail to kcep the said premi~ea so in~ured. or fsU to deliver promptly any of said poiicies o! ~ inauraace to said Mortgagee, or fall pmmptly to pay fully any premium therefor, or in any respect fatl to per- ~ form, diacharge, execute. effect, complete, comply with and sbide bq this oovenant, or any psrt hereof. said Mortg- " agee may place and pay for euch tns~ranoe or any part thereof without watving or aifecting anq option, lien, ~ equity or right under or by virtue of this mortgage, and the full aq~ount of each aad every such payment shall be immedfately due and psyabie nad shsll bear iflterest imm the date thereof unUl paid at the nte oi ten per ~ oentum per annwn and together v~ith auch iaterest shall be secuced by the llea of thls mortgaga ~ To permlt~ commit or autier no aa~te. lmpairraent or deterlontion o! said pmpsrty or any psrt thereot ~ 6. Zb pa~ all aad dngular the cwts, charges and ezpenses. including rea~onaWe lawyar'~ feea and co~t ot ~ abstracL ot tltle. incurnd or paid at an~ time by iaid M~rtga6ae because aad/or fn tbe svent ot Lhe taflurs on the part oi the sald ~[ortgagor to dulY. Promptly and tully psriorm. dischar8e. ssecnte, eNect, complete. oompiy with and abide b~ each and every the sUpuLtiona, agreement~. conditio~rs and oovenanb of said promis- wry note. aad Ws mortgager an~ os either, aad said costs. charge~ and eo~pen~es, each and every~ ahall bs Uu- anedi~ tely dus aad psysble, whether or not thera be Aotice. demand, attempt to colkct or snlt pending: and the ~ l~Il a:nount of each and every aucb payment ahall beas fnterest from ths d~te thereoi vatil psld at the rste of tea Per centam par aan~m: and all ~atd eo~t~. charge~ and expsn~a~ ~o incurrsd or paid. togett~r wlth wch in- ~ teewt, ~all b~ sscured bp tb~ lf~n oi thts mortgsga ~ ~ BOOK 192 6~ 3~ ~ ~ . , , . ~ v -s ~ ~ ~ = ~~~a_ _ ~ . _ _ _ _ ~ -