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Home My WebLink About0874 ~ritUt~lp1~ M~U1~1~~. tliat if said .,lfortgagor shall ~J uirtv tltr. suic~ JEfort~'ag~e the certain pmniisaory notP, of r~•lttch tlte follou~ing in ivorc~.c a~td ~'grcres is a trec~ cc~pJ, to wit: tSee copy of promissoxy note attached hereto) a~rd sl:all perfo»n, complJ :cith and abrde bJ esch and ez~ery tlae sLip:~lations, a~reements, conditions dnd covertant~s of saiaZ promissory note and of this deed, then ~ this deed and the estate herebJ crec~ted shald cease and be null and void. .t~ttl~ the sccid .hiort~dgor hereby covenants and a~rrees: ~ .1. To pn_y all and singular tte principal a~tl interest a~td other sicros of moneJ ~ paJahle bJ z•irtue of said promi-ssorJ note and this d.eed, or either, proniptlJ on the r daJs ~espectiUely tlte same severallJ conae due. _ i ~ To paJ all and sindtilar t.h.e taxe~s, acsessm.ents, let~ies, liabilities, ~,bli6ations ~ a~td encumbrc~~aces oj e»erJ natr~re o~a sairl dPSCrihed propertJ ea~•1:. a~ul everJ, and - ~ if the same be not promptly paid tlie said .hTort~ci~ee may czt an~ time pay the same ~ without uaiving or affectin~ the option to foreclose or dny ri~ht hereu~ader, and every pay»ie~at so ma,de sha~ll bear interest fro~n t1i,e date thereof at tlae rate of 10$ per cent. per anntcm. _?'o pay all and sin~ular the costs, CjlQT6PG an~l expc~nses. i~ieliulin~ lawJer's ~ fees, r~asona,blJ incurred or p~zid at ctny time by said Jllort~a~ee hecduse of the fdilr~re on the part of tlte said .11Tortga~sor to perform, cornplJ u.•ith and abide by each and ever~~ tlie stiptclactions, a~ree»ae~rts, conditions and cozJenants of" said promzssorrJ note ctnd tlcis deed, or either, dnd every such payment slutll bear interest from date at ihe { rate of 10$ per eent. per annum. a To keep the buildings norv on c~~reafter on snicl l~nd ins~~red in a sum not ~ less l.lcu~a Fifteen Thousand ($15,000.00) - ~ Dollars, in a co~npan.>> or rompa~aiPS to be cLppr~ved by sacid ~~lortga~Ee, a,nd ~jie polie~ or polieies held by and payable to said R .hfort~'~gee, and z:~r tlr.~ eaent any stc.na of m~noJ beconxes payable rc~ader such policy or ~ policies, the J{Iort~agee shall haue the opti,on ta receive and upply the sam.e on account ' of the indebtec~ness hereby secured or to permit th.e Mortg'a.~or t~ receive and use it, or ~ c~ny pdrt t)rereof; for other prarposes, wiLhozct tlr,~reby waiving or inzpairin~¢ any eqtcity ~ lien or ri~ht under or bf virttce of this mortga~'e, and may place and pay for sueh ~ insurdnce or c~ny part thereof, wttleout uaiveng or af~'eeting the option to foreclose or ~ any raght hereunder, and each dnd every such pc~yment shall bear irterest frnrra date ~ at the rute of l~$ per cent. per annurn. ~ ~a~x~~.1 ~aGE 874 ~ ~ ~ ~ - - - - - - - ~ _ - s y .__y . _ - - - - -