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ancl shal! J.erjo~nt, ~~,nrpl~~ rrith and al~iclc~ hJ e~te)i a~rd et~e.rJ the stipttlations,
a~reements, conditio~ts and cot~enants of said promi:ssorJ note an~l vf this c~eed, the~:
this deed and tlae estcite herebJ created shall eease cc~ad Le nult and r.•oid.
,~Ij~ the said .~~tort~a~or hereby covenants a•nd a~rees:
~ .1. To pay «ll ancl sin~t~lar thc~ pri».cipal an~l i~t.t~r~st un~l c~thE~r si~nt-s ~?j' nt•one~~
t paJa~ile ht~ i~irtue oj sai~l pr~,miss~,rJ n~,t~ un~l this d~~d. ~~r F~ithc•r, ~~r~,nrp!!r~ thc~
~IaJs respecti.r.•~/J the sa»i~~ sei~erall~ couee ~IuP.
Tn ~,ay all uN~l ~i~ic~ti/ur the taxrs, asses.m~~nts. let~ic~s, li~rhiliti~~., ~?l1I[(lU~?O/1C
and enc~c»tbrances oj rc•erJ natr~r~ o~t sui~l clc~s~~ribed prop~~rh~ eu••h ancl eri~rr~, an~l
if the scLm,e be not promptly paid the sc~id .hlort~a~see lnaJ at a.~aJ time pa~ the sanae
without u~aiUin~ or aj~'ectin~ the option to foreclose or any ri~ht liereu~ider, ancl erery
paynte~at so rrta,de shall bear interest from th.e date thereof at the rate of
per cent. per annum.
7'o pay all and singular the costs, char6PS a~i~l expc~nses, iu~~ludin~ /arc~Jer's
fees, reasondbly incicrred or pacid at any time by said .Alortga~ee becar~se of the failtcre
~ on the part of the saic~ .1{Tort.ga~or to perform, com.plJ u•ith. a~icl abi~le bJ ea.ch. a~td
~ everrJ the stipulations, a~reements, conditions an.d coz~enantc of caid pro~nrssorJ note
~ and this deed, or either, ctnd everJ sicch payment sJtall Lear interesf fi•om date at tlte
~ ~ rate of 7-~ per cent. per annum. i
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' To k.ePp the bt~.i.lding nou~ or itc~~cajter ~~i suid lund iirsnred in n suni not ~
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~ ` less thun ~
~ Uollc~rs, in a conapanr/ or ~r~ntp~nii~~s to
~ be approved bJ said .-~fortga~ee, and the poticJ or policies held b~ and payable to said
~ ,Mortga~ee, and in the er.ent any suni of monp~/ beconzes ~iaJable u.nder such polic~ ur
~ policies, the ~~Iort~agee shalt have th~e option to receive and cepply tlie sa~ne on uccor~,nt i
of the indebtedness hereby secrcred or to permit the .Murt~agor to receive and use it, or I
any part tlaereof, for other prcrposes, u~i`,horct thereby u•aiUin~ or inrpairin~s anJ eqr~.ity ~
~ lien or ri~ht under or by airtue of this mortga~e, ctnd may place and, J~a J for sueh.
~ insurance or any part thereof, withotct u~a.iving or af~ectin-g the optio~a to foreclose or
~ ct»y right hereunder, and each and every such payment shall bear interest fro~n date
at the rute of per cent. per annum.
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