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PROVIDID ALWAYS that if said Mortgagor shall pay unto
said Mortagee that certain purchase money note of even date
herewith, in the amount of FIVE HUNDRID FORTY THOUSAND AND NO/100
DOLLARS ($540,000.00) and shall perform and comply with each
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and every one of the agreements, conditions and covenants thereof
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and of this mortgage, then this mortgage and the estate created
hereby shall cease and be null and void.
IT IS FURTHER UNDERSTOOD AND AGREID THAT:
l. Until the indebtedness aforesaid shall be fully
paid, the Mortgagor covenants and agrees to do the follawing and
in case of the failure of the Mort9agor, its successors or
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assigns to make any such payments or perform any such acts, the
Mortgagor hereby authorizes the Mortgagee to do the following,
after prior written notice to the Mortgagor: j
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(a) ~promptly repair, restore or rebuild any
buildings or improvements now or hereafter ~
on the premises which may become damaged
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(b) keep said premises in good condition and
repair, without waste, and free from
mechanic's or other liens or claims for
lien not expressly subordinated to the
lien hereof;
(c) pay when due any indebtedness which may be
secured by a lien or charge on the premises
superior to the lien hereof, and upon re-
quest exhibit satisfactory evidence of the
discharge of such prior lien to Trustee or
to holders of the note;
(d) complete within a reasonable time any building
~ or buildings now or at any time in process of .
_ erection upon said premises;
_ 80CK J PAGE 5~,~
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