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HomeMy WebLinkAbout1674 date at the rate which said note bear8 and shall be secured by ~ the lien of this mortgage. 4. ~o keep the buildings now or hereafter on said land insured agains t loas by fire in a sum not less than the full insurable value with replacement cost endorsement, and no more than 9096 co-insurance required, and insured against loss by wind- storm in a sum not leas than the full insurable value of said premises in a company or companies to be approved by Mortqagee, and the policy or policies held by and payable to said Mortgagee, and, in the event any sum of money becomes payable under such policy or policies, the Mortgagee ahall have the option to receive and apply the same on account of the obligation hereby secured or to permit the Mortgagor to receive and use it, or any part thereof, for other purposes, without thereby waiving or impairinq any equity, lien, or right under or by virtue of this mortgaqe, and may pl.ace an.~ paf for such insurance or any part thereof without waiving o.r affecting the option to foreclose or any right hereunder, and the amount of i each and every such payment shall bear interest from date at the ; ; rate which said note bears and shall be secured by the lien of this i ~ ~ ~ mortgage. S ~ 5. To permit, comanit or suffer no waste, i.mpairment or ~ s ~ deterioration of said property or any part thereof, and to keep ~ ~ - ~ and maintain the building or buildings now located upon or hereafter ~ constructed upon the premisea hereinbefore described in qood condi- s r tion and repair, and from time to time make such repairs improvements ~ ~ - or replacements upon and to said building or buildings as rnay be ~ necessary to keep the same in qood condition and repair. ~ - 6. To perform, comply with and abide by each and every the ~ stipulations, agreements, conditions and covenants in said promissory note and in this deed set forth. ~t ~ > - 4 - ~ R p~,{~~ ~ Bt?~K ~ ~ . . _ _ _ . _ ; _ ~ : , . _ _ , _ ~ _ - ~ ..ti . ~ ~ _~.a < . . . . . . _ - . . . . . .