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~pq~p~ ~311~~,~. tha~t if aaid Jlfort~a~or sliall pcy/ unto the aai~ .Mor~l~a~ee
t~e certc~ promiato~y notd, ~f which ~he followin,~ in worda and ~t~una ia a true copy, ~
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and ahoit perjo~m, com.ply with and abide by e.iah and every the aLipulationa,
a~reer?aent~a, conditions a,naZ covenants of aaid prn~niaaory note a.rid of this deed, then
thia de~.d aaud t~ eata,te hereby created 8hall cease and ba null a,nd aoid.
,'~1t~ th~e said JKort~ct~or heneby covena,nta a~d m~ies:
~ .1. To pay ali and air~ular the pri~~cipai and inte~eat and oth.er auma of moruy
~ payable by virtue of said p~omisaory note and, thi~ deed, or either, prorriptly on the
° daya respectiuely the aarrie ae~eraliy come due.
~
~ 8. To pay all and sin~ular the t.oacei, aaaessments, levies, liabilities, obtigations
~ and encumbrancsa of eve natu~e on aaid desc~ibed pmpesty each and every, and
` if the same ba not p~»~nPt~j ~ t~he said .htort~cc~ee nzay at a~n~/ tzrn~ pc~/ the aarne
without wnivin~ or d~utin~ tlu option to fonecloae or an~ ri~ht h~r~under, and avery
pa~nent ao niacle ahall bear int~neat fro~». the date t~le~reof czt th~ rnte of
psr cent. par a,nnur»~. "
~ ~'o pay ali and ain
jular tha costs, char~p.~ and e.tipere.ses. includin~ lawysr'a
fees, rea~sona,b zncurred or pccid ar~ cr.ny ti~ne ba/ ac~ia~ .1K'ort~d~ea baca~use of the ~eziiure
ne
~ on the part o tlu aaid Jlfort~a~or to perfor~n, corriply with and abide by each and
~ eaary the stip~ulatio~aa, a~'reerrunta, eonditiona and covenanta of said prr~rrotasory ~e~ote
~ ur~d th,r;a del.d, or ett~i,er, and every such pa~/~nent aha,ll bear intereat fro~n dat~ at the
~ ~te of 7% p~r cen~. per annum.
~
~ To keep the buildin.~ now or he~eaJter on said land inau~ed in a sum not
~ less than the purchase price
Ddla~a, in a co~npany or companiea to
~ ba approved b~ said Mort~a~i~e, a,nd fhe policy or polici~ held b~y a~d pa~able to aaid ~
~ .~fort,~ajee, an.d in the event a,ny aum of rrion~/ beco~nea pa~/able und,er sueh poliey or
~ policsea, tha JKort~u.jee ahalt havs taae optw~e ~o reoei~ a.nd aPP~1 t~se aan~ on aecount
of tha ~nc~ebtedneaa ~i~ereby aeeured or to pernsi~ the Jffort~a~or to receine aAd uaa it, or
~ d~+.~/ Pa~ tlureof, for other purpoaea, withou~ thereb~ wcuvin~ or ianpairin~ any ~qi;it~/
~ lien or ri~ht r~nder or by virt~e of thia ~nort~a~e, and ~na~/ place and pa for a ~r,c~i~
~ inaur~r.n.ce or any par~ t~li~reo~, wzthout wacivtn~ or m~ectiR~ tJae option tn ~reclo~e or
n
any ri~ht haraundcr, and utch und every ~uoh pctj/ment al~a.ll b~a~r ~ntenst frvm date
a~ tiu »a,te of 7 par ca~t. per annu.m.. ,
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~ ~ ~ ~ ~ 1~2 2730
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