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ancf shall perjo~»x, co»~p1J trith a~rd~a~1~ by e~tch and every the stipulationa,
agreements, condition~ and covenants of sdid promissory note and of thi,s deed, then
this deed and the estate hereby created shall cease and be null and void.
,t~1t~1 the said .hlortga~or hereby covenants and dg'rees:
.1. To pay a11 anc~ sin~ular the principal artd interest arut other sums oj money
payable by virtue oj said promissorJ note and this deed, ar either, prontptlJ o~z the
days respect.ively the sam,e ser~erally come due.
Q. To prry alt an~l singular the taxes, assessments, levies, lrahili.tic~s, nbli•gations
~n.d encumbrances oj everJ nature on said dPSCribed property ea~h and every, and
if th~e sdm,e be not prnmptly pacid the scud Mortga~ee may cat dny time p~cy the sccme
without waivin~¢ or df~'ecting the option to foreclose or any right hereunder, and eaery
pa,ym.ent so rraa,de sluLll bear interest frn~n. the date thereof at the rnte of 6~
per cent. per cannurrt.
?'o pay aII and sin~ular the costs, chargPS an.d expen.ses, includin~ lawyer'a
fees, reasonabLy incurred or paid at dny time by sctid .~Kortgdgee becduse of the failure
on lhe part of the 8aid .~lfortgagor to perform, co~nply with and a,bi{le by each and
every the sti~vulcttions, d~`ree~nenta, conditions and covenu.nts of said prumissory note
i aend thia deed, or either, and every such pay~nent sluLll bear imterest frorn date dt the
~ rccte of 6~ per cent. per annurra.
; ~i. To /ceep the buildin~~~ow ~~r he.iea~ter on suid lcrnd insured in a sum not
; less thun the full insurable value
1)ollars. in a company or companies to
be ccpprnved hy ac~id .MorE~a~ee, ccud the polie~ or polieie8 held by and pcaya,ble to said
.~lfortga~ee, ccnd in the event any surn of monoy becomes payable wnder sueh poti.ey or
policie8, the JlTort~ci¢ee shall have the option to receive and appl~/ the same on c~ccoccnt
of the indebtedne~c8 hereby $ecured or to permit the JKortQa~'or to receive and use it, or
any part thereof, for other purpoaes, wi`,hout tlu~reby wccivircg or impa.irin~ an.y equity
lien or right uncler or by virtue of this ~nort~age, and m,ay pla.ee and pa y for sueh
insecrance or any pccrt thereof, without wairrirtQ or af~'ectin~ the option to forec,lo,s~ or
ctny ri~ht hereunder, ctnd ectch and every ~u,eh pdy~nent ahall Lec~r interest from date
at the rule uf 6~ per eent. per annu~n.
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