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Home My WebLink About1207 ~ttlt;lA{. KE4UKU ~ ~ ~ ~ - 3~3 ~~~E 7'S0 ; ~ ? ~ ~ and shall duly, promptly and [ull~ pertorm, d?xharge, execute, efte. t, complet~, comply anth and abide by eaclt and e~~ery the st~pulattons, agrcementa, cond~t~ons and covenants o[ ~ud promissory note aad of this mortgase. then ttis mor:gage and We escate hereby created shall cease at?d De null ana ~oid. It ,s unders!ood that each ot the worcii, ••note," "mortgagor" and "mortgagee" respectlvely ~nd the proa- ouns reternng thereto, whether m the s~nguiu or plunl anywhere in this mortgaae, s1~W be aingular ft one only and ahall be plursl jointl) and xverally, if more thazt one, and shall be masculine. feminine and/or neuter. wher- ever the con:ext so impiies or admits. And aaid Mortgagor tor himself and his Aars, legal npresentui~es, yuccwwrs and aasi~n~, her~b~ coven- aats ana asrcea to and witA aaid Morcgagee. his legal reptYSentstivea, successois and a~si6ns: 1_ To pay all and yngular the pnncipal and ?ntere~t I~ad the vuious and suadrp sutn~ oi woney payable by virtue of said pmlrussory note, and thi~ mortgsge, cach aM every, promptly on t~ days respactively tbe sam~ aeveraliy Decome dua To pay all aad aingular tAe taxea, a4se:sments. levies, ltaDil~ties, u~ligaUotu and incumbrances ot every nature ~nd k,nd now on sa~d dexnbed pmperty, and/or that hereatter may be imposed, ~uifered, placed, le~~ed or assessed thenupon, and;or that hereatter may be le?ied or issessed upon this mortgage and/or the indebted- ness ~ecured nereby, each and ever., w~hen due and payabk accordln~ to law. before tAey become delinquen~ ~ and before any interest attachey or any penalty ~ incurred; aad ~n yo far as any Lhereof ia ot record the sams shall be prumpU~ ssUsfied and discharged of rCcord and the original uft~cial document (such as. for ins[ance, i :2~e tax rcceipt or tne satisfactton pa;?er off?c~afiy endorsed or certu~t3? ynall be placed it~ Lhe hands ot said ' Mortgagee v«th~n ten daya next xtter a ent: and ln the event that an thersot u not ~o paid, astistiM and ~ discharged, sa,d \fortgagee may at a,~y t~m yay the same or any put t~J~ereot without waia~ng or atfecting i any uptwn, lien. eqwty or r~ght undrr or b~ ~ u•tue ot tlua mortga~c. nnd the full amount of each and every { such pa~•ment st+all be immediatrly due an~t E~ayaDie and shsll b~ar interest from the date thereof until paid r at the rate of trn per centurn per annum ~u~d togecher with aucD i~.tenst shall De ~ecured by Lhe lien of thu ~ mortgage_ e • ~ S. To place and continuously k~ep on tl~e bu,ld~nga now or hereaftrr situate on said land fln and windstorm ° hi~st insurable value ~ lnsurance m the nsual standard policy [oren, in a sum not less i..~.----.._...-.•-•---•-----• In such com- pany or comi~- . s as may be appr.+v.,i Dy said Mortgeget; and all such insurancs polieie~ on any of ~aid build- ~ngs. any ~nterest therein or part thereof, in the a~~reRate sum atorn~aid or in excqs thereot, ~hall Contain tlis usual standar.t :~,~rt~agee clause mak~ng the lo~~ ur.der sa~d policira, each and every, payable to said )tortgs- gee as hia interes: may appear, and each ar.d every sucA pol~cy ahall Dr promptly deliveted to and held by sa~d ]?Iortgagee: and, not less than ten dsrr~ in r.d~•ance of the expirat~on o! each poliey, to deliver to satd MortgaRee a ren~w•a1 there?!. together v?~th a re~eipS for t2~e premium of such renrwal: and there shall be no iuch insur- ~ ance placed on an~• of ~aid bu~ld~nge, any ~nteres[ therein or part thereot, unless in the form and ~vith the loyi ~ tuyaGle as atore.:aid; and in the event at~y sum of money becomrs payuble under such pollcy or policiea ~a~d lYtoriRa~ee 3hall ha~•e the option to recave urul apply the aame on accuunt of the lndebtedneas aecured hereby o~ to permit sa.d ~tort~or to recei~e and use it or uny part thercut for other purpoKS w~iWout thereD}? waiv::.s ~ or impainng any equity, lien or nght under or Dy virtue of this mo~cga6e: and in the ev~at satd ~[ortgagor sh.ll tor any reaso~ ta:t to keep the sai~ prrm~~es a.~ tnrured, or fW to deliver pmmptly say ot said policies oi ~ Snsurance to se~. 1?iongagee, or fail prompuy to pay fully any premxum therefor, or in any respect tafl to per- form, discharge, execute, effect, complete. comply w~th and abidt by thu covenant, or any part hereof. said ylortg- = agee may place and pay for such in~urance or anv part thereot wlthout waivwg or affecUng ary option, lie~. eqwty or nght under or by ~•+rtue of th~s mortgage, and the full aq~ount of each aad every ~uch psyment shall ~ ~ De lmmediately due and pa~•aDle and sha0 bear interest trom the date thereof uatll pafA at the nte of ten per ~ oentum per aans~m and toRether wttA sucA ~nterest shall be ~ecured Dy Ne liea o! thb aiortgage. ~ 4. To permlt, commit or suffer no waste. impairment or detertontloa ot aald propsrty or anr part thereot. ~ 6. To pay all and singutar tAe coses, charqCs ,and expense,~, tnclud~na reuonable lawyer~ tees and cwt ot ~ abitruta ot Utle. 'ncureed or pafd at any tlme by iafd Mort6agee because andior in the event ot the tallu» on the part ot tJu satd Mortaagor w duly, prompUy ~nd iWly pertorm, dl~cAarge, ~secuU. effect. complet~, ~ comPlf wltT~ and abtde Dy each and every the supulatfon~, aareeir?eats conditbns and oovenaat~ of uid promL- ~ ~orp note. and Ws mortaa~, anr or dtt?er, and said co~ta, ct~ar6a snd ~p~ each and wery. a1?W D~ tnr ~ aadiately dw and payable, wrbetbrr or not there De noLce. demu?d. atWnpt to oollect or nult peadtng: and th~ !Wl amouat o! e~cl~ a~ e~ery ~ucA paya?ent ~hall bear 1nt~wt tmm t!w d~t~ tlweroi uat11 pald ~t tAe rate ot ~ t~e p~r centum p~z amum: and a1l a~ld co~u. cBarse~ ~nd ~[P~a~+ ao lncurerd o[ pa14, Loptb~r w/W sucb fa- ~ ta+~+t ~ball D~ ~s~r~d bp tb~ U~a o! Wa mortsasa. ~ ~ k ~ ~ ~ ~ a~ 192 1205 3~- ~ ~ ~ '..;~~~.ti ~x~.'..-. ~ ~ - n~c` 3 _ . ~r-~ ~~-~,r~~',s~x..~,~-~-~~~-~~'~ : ` ~,W.~~~ ~