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~z, hereof may designate in writing, together with interest from date at the rate of . ~ce~?~~~~num on the ~
~'~~~~=dP~ ~~y~l~;e ~FjArincipal and interest shall be due and payable ~
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= If dtiavN b~ ~n~ fa . . d~YS in N+! par~~t Of Y~y installm~nt of pint~p~l q inprest u s~r M•~ ~hereof. rl~''WAple aum rhen .ema~n,np ~
~npaid w7tA in?crest aMll ~t hotda'f ope~on becom~ du~ ~nd paWbN without noric~. A~kn~ ro•aNUU a~cA opLOn shall not constit~te a wa~ver of tb~ r~qht
~o ueruse IM ~a/nt ~o Mw ewnt of wbapaent def~~lt Afrer marur~ty nc~ inty~~ hill bear interest ~t . . ptr ccnfum per annom =
unt~t pa~tl. iFN m~'ttr~ M+d tndorun oi Iins .wtt fur:hat wa:v~ dsmu.~ot p~~.
r~~ *~~s r.~~s r.^t ~~d enerv+~N ~nd Ny is
plaad wiM an ~t?ornhr fa tolNcnan. M+~ m~k~n ~nd ~ndwwn h~wf ~yrN fo ~II coats d thdion, i~clud~n9 all covrt wsn and r~~wruble ananev fe~a. t;
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and shall duly, prompUy and fully perform, discharge, exccutP, effect, complet~, ~-omply w~th and abide by eaeh
and everv the stipufations, agreements, cond?tioiis and covenants of sud prumissvry note and of this mortgage,
then thi~ mortgage and the estate hereby created sh~U cease and be null and void.
It is understood that eacY, of the H'OClli. ~~na:e," "mort~;agor' nnd "mortRagee" respectively and the pron-
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OUI19 tefernng thereto. whett~er IR LtIC `Jlli~'Uft~f ui' E~iii~.if n~iywi.rir i~l ii~~a it~.vi:F;dKe, ai~ni? ue sii~buaaa :i Gi:c
and sha11 be plura) jointlt and se~erally, i[ more than one, and sh:tll be mri.vculine, feminine and/or neuter, wner-
ever the context so implies or admits.
And said Mortgagor for himsetf and his heirs, legal representati~•es, successors and assigns, heteby eoven-
ant~ ana agrnes to and with said Dtortgagee, his legal rep:esentatives, successors and asslgns:
l. To pay all and singular the principal and intereat and the various and sundry sums ot money payable by
~ virtue ot said promissory note, and thi~ mortgage, each and every, prompUy on the day~ respectively the same
` ae~~erally become due. -
! 2. To pay all and singvlar the taxes, essessments, le~ies, liabilities, obli~ations and incumbrance~ of e~ery
f nature and kind now on said descnbed property, and•or ihat hereafter may be imposed, auffered, placed, le~-ied
~ or assessed thereupon, andi or that hereafter may be Ir~•ied or a~s~•ssed upon this mortgage and: or the indebted-
ness secured hereby, each and e~•ery, ~~•hen due and payable acrording to law, before they become delinquent,
and before any interest attaches or any pen3lty is incurred; and in ao far as any thereot is ot record ihe same
shall be promptly satisfied and disrharged of record and the on};inal off~cial document Isuch as, for i»stance,
Lhe tax receipt er .he satisfaction pa~~er off~cially endors~d or rertified~ shall be placed in the hands of said
Mortgagee w~thin ten days next atter Pavment; and in the e~•ent tha[ any thereof is not so paid, satisfied and _
discharged, said biortga~ee may at any Ume pay the same or any part there~[ w•ithout wai~~ng or affecting
any opti~n, lien, equi[y or right under or b~• ~•irtuP of this mort~a~~, and the fttll amount of each and every
such payment shall be immediately due and payab:e and sh:t? bear interest from the date thereof until paid
at the rate oI ten per centum per aanum and h~~e:h~r ~+~th su~h interest shall be secured by the lien oi thie
mortgage.
3. To place and continuously ke~p on the bu:i<im~s now or hereafter aituate un said iarid fi~ sn3 win3storm
insurance in ihe usual siandard puli~y form. in a ~urn n~~t less than S ~AR~1138l.- in such com-
pany or comp^aies as may be apprrn~ed by ~a:~l ~1ur!~a~re: ami al! vuch insunnce policies on any of sxid build-
ings, any interest therein or part thereof, in the n~,r.•<:tte sum 3[or~~aid or in exce9s thereof, shall contain the
usual standard m~rt~A~PP clause makin~; the l~~~s ur.d~•r said pol~cies, each and e~ery, payable to said Mortga-
gee as his interest ma}~ appear, an~~ eac•h a^d ~~~Nr~• s:~~ h p~l~cy ahalt De pmmpily dPli~•ered to and held by said
1lfortgagee: and, not less than ten daps in ad~•anre of the Pxpiration of each policy. to deliver to said btortga~ee
a rene~val thernof, to~ether w•ith a receipt fnr ihP prPmn~m nf am•h r~n~wal: and thPre shall be no such insur-
ance placed on an}• of ~aid bwldin~s, any interesL th~rein or part thenof, unless in the form and with the loss
payable as atoresaid: and in the e~•Pnt an} sum of manep beromes payable under st~ch pollcy or policies said
MoriRa~ee shall ha~•e the opti~~n to recei~•e and apply tt~e 4am~ nn account ot the indebtednes~ secured hereby or
to permit said ?ltortea~or to re~ei~•F nnd n~e it or any ~art thereof for other purrwse9 without thereby waiving
or impairing an~ equity. lien or r~ht under ~~r by ~•irtue of this mortga~e: and in the e~•ent said MortgaKor shall
for any reaso~ faef to keep the sai;1 pr•~nua~•~ s~ in~ur~d. or fail to delf~~er promptly an~ ot said policie9 nL
ins~rance to satd ~tort~aRc~e. or fail prompth• tn p:~~• f+illy any premium therefor, or ~n any respect tail lo per-
torm. dischar~e, execute, effect, complete, comply ~~~th and ani~:e by this co~•enant, or any part hereof, ~aid 1?iortg-
ageP may place an~i pa~ for s!tch ~naurance or any ~+art there~f with~ut ~-ai~ing or affecting any option, liPn.
equity or riRht under or b~ .•irtue of this mort~a~e. an~f thc fu? amount of each and every such paytnent shatl
be imrrzediately due and pa~•able and vhall bear intPrest from the date ther~of until paid at the rate of ten per
centum per annum and to~ether w~ith such lnterest shall be secured by the lien ot thls mortga~e.
4. To permit, commit or autter no «•~te, impairment or deterioration of said property or any part thereot.
6. To pay all and sin~ular the costs, charRes and expense9, including rea9onable lawyer'e teea and co~t o!
abstracts ot title. lncurred or ~aid at any ttme by sald :?tortgagee because and~or in the event ot the fallure
on the part oi the said MortRa~or to duly, promptly and fully pertotm, diacharge, execute, effect. complete.
~ comply v~-ith and abide by each and every ihe stipulation~, agreements, condiUon~ and covenanta of said promis-
sory note, and thi~ mort~a~e, any or elther, and sxid cost~, charge9 and expenaes, each and every, ahall be tm-
~ mediately due and pa~•able, whether or not thece be not~ce, demand. attempt to collect or ault pending: and the
~ full amount ot each and every ~uch pa~~rnent shsU bear interest trom the date Lhereof unW paid at the rate oi
ten per centum per ennum; and all eafd coate, charges snd eapenae~ so lncurred or pald. together wfth euch ln-
terest, shW De secured by the lien of Ws mor:gage.
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