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Home My WebLink About0207 and shsll dWy, prompUy and irilly pedor~a, dischsrge. execute, etfect. compteteR~ comply wlth aad abids by eaeh and everp the stipulstiona. agrcementa. conditione and covenante of said promissory note sad ot tttis mortgage. then this ~eortgage and the eataLe hereby created ahall ceaae and De nuD ena void. It is under~tood that each oi !ha words, ••aote~•• "mortgagoY' and "mortgages" nspectively aad t,hs pmn- owu nterring tberetq wl~ether. in the singular or plutal anywhen in this mortgage~ ehall be singular K oae only and shall be plutal jointly ~nd severWy~ if more than one. and ahall be masculine. feminine end/or neuter, wher- ever the oontext w impliea or admits. And sald Yortgag~or for himeelf and his heirs, legal repreaentativea. succeaeors and assigns. hareAy coven- ant~ ana agreea to aad wlth said l[ortgagee, hL legal representatives. aucceaeors and asaigns: 1. To pay all aad ringular the prtacipal and interest aad the varlous and sundry sums of money paysbie by virGse oi said P~rY ~=0. and this mort8a80. eacb snd ev*.rY. PrwnPtly on tbe days respectlvely tbe a~ saverally beooma due. 2. To pay all and a3ngulsr the taxes. aasessments, levies, liabiUties. obligatlons and tncumbranca ot every nature and kind now ~ said described property. and/or thst hereatter may be impoeed. anftered, placed~ levied or aseeased therenpon, and,/or that bereatter may be levied or asaessed upon thia mortgage and/or the indebted- ness eecured henby~ eacb and every. wlien due and payable according to law~ be[ore they become delinquen~ and before any intereat attaches or aay penalty is incurred; and in so far as any thecxof is ot reoord the asme aha11 be promptly aatisfied and diacharged of record aad the originsl oiticia! documeat (aucA aa, tor instance, the tas receipt or the satlsfactioa paper offtcialiy endorsed or certitied) Mall be pleced 1n the hands o! said Mortgagee wittiL? tea days next after payment; and In the event that any thereot ia not so paid. aatWfied and diacbarged, aaid Hortgagee rinay at any time pay the same or any part thereo[ without watving or affecting anq option, Hen, equity or right under or by virtue of this mortgage. and the full amount ot each snd every such payment ahall be Immedistely due and payable and ahall bear interest from the date thereof until paid ' at the nte of ten per centum per annum and together with such i~terest shali be eecured by the lien ot thi~ ! mortgage. f 3. To plaoe aad contiauoualy keep on the buildings now or hereattcr sttuate on ~aid laud fire and windstorm ; insurance in the uausl atandard pollcy torm, in a aum not less Lhan =..~1~~'1H$t insura~~~fYal~e ~ . n su com. pany or comp.^.nics sa msy be approved by aaid Mortga~ce; and all such inaurance poUcies on .any of snid build- k ings, any iatereat therein or put thenof, it~ the aRgregate sum atoresaid or in exow tbeceot. shatl contain the usual standard mortqagee clauae makinq the lox~ ur.der ~?id policies, each and everq. psyable to aaid Mortga. ` $ee as hi~ interest tnay appear. an~ eacA and eve.y such palicy ahall be promptly deUvered to and held by said ~ Mortgagee; and, aot less than tea days in advance of the expiration ot ~ach poHcy~ to deUver to aald Horigages E s renewaJ thereof, together with a receipt tor the premium ot m~~h renewsl• and there ahall be no euch iasur- ~ aace placed on any of sa?id buildings, aaq intereat therein or part thereof. unleas in the fotTn aod vvith the loes payable aa ator~said; and in the etent any sum of money becomes paysble under such pollcy or pollcies said ; ytortgagee shall have the option to receive and apply the same on account ot the indeDtedness secnred Aereby or ' ~ to permit esid Mortgagor to receive and uae it or any pitrt ther+eot tor other purpores tvitbout thenby waiving or impairing any eguity, lien or riqht under or by virtue of this mortgsge: aad in the event ssid ~ortgagor shatl i for any reason tail to keep the satd premi~es so ln~urnd. or faq to deliver protnptly any ot aaid policies o! ~ Inatrranc~e to aafd Mortgagee, or fail pmmptly to pay tully any premium thenfor, or in any reepect tall to per- ; form, diachsrge, execute. etfect, complete, comply arith aM abide by this oovemu?t, or any part hereof. saId Hortg- ~ agee may place and pay for auch ineurance or any part thereof without walving or aftectlng any opt~on, lien. equity or right under or bq virtue of thii mortgage, and the full aq~ount of each and every ~uch psyment ahall ; be lmmediately due and psyable and shaU bear interest irom the date thereof until paid at the nte ot ten per txntw~n per artnem and together v~iLA such intenst shall bs secured by the lien oi tLi~ mortgaga. i 4. To perrdt, commit or sulter no ~vaste. lmpairmeat or detarbnti~ oi ~atd property or any part thered. j ~ 6. Zb pay all aad ~ingular the coeLel~ c2ur'Sea and espensa. inctuding reawnable lewye~s fees and cost o! ~ abtracts oi titte. tncucred or paid st aay ttme by satd Mortgagee because and/or W the event of the talturs ~ aa the patt of the satd Mortgagor to duiY. PromPUY and tultY Pertuna. dischar8e. ssecute. elfect, complets, ` oumpl~ rvftb and sblde by eacb aad every the stipvlatiwu. agreement~, ~nditions snd covenanb oi said promis- f ~or~? not4 aad Ws mortgage;, any o~ elther, and sald ca~eta. cbasges aad e:peauei. each aad every. rhatl be Ua- r medistely due at~d pa~*sble. wfiether or nM tbere be notice. demsnd, sitempt to oollect or autt pending• and ths ~ iWl amount of each aad enery such payment shall Dear iqterest irom ths dat~ t~reoi uatil psid at We nte at ~ tea pes centum per annum: a~ a11 sald oat~. ehar6q auA ~zpea~as w tacure~sd os pal~, togsth~r wltb suca ia- ~ Letsst, sba11 bs aeeured bp the lisa o! t1~i~ mortga~s. ~ t001I ~ P~(~~,~~, l ~ a~202 ~E 207 - _ ~ - -