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Mw undM tM ConkltYtlon v Laws d.11M St+N af f1orW~, or ~r d1~M StaN ar UNhO St+l~; s Mw~ fhl~ nol+: and M~d+ t~Nw wiv~s d~w~nd,
notia of no~wY~R and D~. and h t!M wrnt K b~ow~1M moMnrl? te coN~et tNs rof~.llra~ an atta~f6 ~/w~ ta o+!? ~M oo~ls a1 co~S~ieA,
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ll~laitesa~ le reat-re~si'~e ~r rlqbt ~o pt+apy.lWs ~ 3~ ~O1s orlr !t~ ~att . ~
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/s/ Jerry I.~ve
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/s/~Wilson - _ - - ~
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and shall duly, prompUy and fully perform, discharge, execute, ettect, completr, comply w~W and abide by each ~
and everp the stipulations, agreements, conditions and covenants of said prom,ssory note and oi t,hie mortgage, ,
then this mortgage and the estate hereby created shall cease and be null ana vold.
It is underatood that eacb oi the words. "note; '"mortgagoY' snd "mortgagee" respectlvely and the pron-
ouns referring thereto, whether in the singular or plural anywhere in thts mortgage, ehall be singutar it one oaly
and ahall be plurat jointly and severally, if more than one, and shall be mn.9culine, feminine and/or aeuter, wher-
ever the context so implies or admits.
And said Mortgagor for himseli and his heirs. legal representatives, successors and assigns. hereby covea-
snts ana agrees to and with said Mortgagee. his legal representatives, successors and sssign~:
1. To pay sll artd singular the principal and intereat and We various and aundry aums of money payable by
virtue of ~aid prnmisaory noie. and this mortgage. each and every. prompUy on the days reapecUvely the eame
sevetally become due.
2. To pay all and singular the txxes, as9essments, levies, liabilities, obligations and incumbrance9 0[ everq
nature and kind now on said described property; andtor ihat hereafier may be imposed. auffered, placed, le~ried
or assessed thereupon, and/or that hereafter may be levied or ssses9ed upon this mortgage and/or the indebted-
ness secured hereby. each and every, when due and payabte according to law, before they become delinquent,
and before sny interest attaches or any penxlty is incuned; and in so faz as any thereof is o[ record the same
shall be promptly satisfied and discha eed of record and the original official document (auch a~, for instance,
•.he tax receipt or fhe sstisfacGoa paper otficiaUy en-iorsed or certified) shall be placed in the hands of said
Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said Diortgagee may at any time pay the same or any pari thereof tszihout wai~ting or affecting
' any optian, lien, equiiy or right under or by ~•irtue ot this mortgage, and the full amount of each and everq
i such payment shall be immediately due and payable and shall bear interest from the date thereof until psid
at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of this
mortgage.
~ 3. To place and continuously keep on the bu;ldin~s now or hereafter aituate on said land 8re and windstorm
: full insura.ble value
i insurance in the u.aual standard policy form. in a sum not less than i-.----~•-- 1n such Com-
i pany or comp^nies as may be approved by sai~l I?fort~arce: and all such insurance policies on any of said buiid-
{ ings, any interest therein or part thereof, in the a~~rrgate sum aforrsaid or in excess thereot, ahall contain the
F usual standard mort~agee daase makinR the I~~~s ur.d~r said policiea, each and every, payable to said Mortgar
~ gee as his interesf may appear, and each a^d e~•P: y 5~,~~n ~~~~y shall be promptiy detivered to snd held by said
~ 1ltortgagee; and, not tess than ten days in adti~anre of the expiration of each policy, to deliver to said Mortgagee
a renewal thereof, to~ether with a receipt for the premium nf ~~rh renewnl; and there ahall be no such insur-
j ance placed on any of said buildinRs, any interest iherein or part thereof, wile.4s in the form and with the loss
! p~vable as aforesaid; and in the e~ent any sum of money becomes payable under such policy or policies said
! Mort;a~ee shall ha~e the option to recei~e and apply the same on account of the indebtedne~ secured hereby or
to ~wrmit said ~tortQagor to rereive and use it or any part thereot for other purposes without thereby waiving t
or impairing ant equity, lien or riRht under or by ~irtue of ihis mortgage: aztd in the event said Mostgagor shalt ;
for any re~soa fail to keep the said premises so in~urnd, or fail !o deltver pmmpUy any of said policies oi
insurance to said 1ltortgaRee, or fail prompUy to pay fl~lly any premium therefor, or in any reepect faSl to per-
form. discharge, execute, etfect, complete, comply +~tith and abide by thia covenan~ or any pari hereot. said Diortg-
agee may place and pay for such inaurance or a.ny part therenf without waiving or a(fecting any option, lien,
equity or right under or by ~~irtue of this mortRage, and the full amount of each and every auch payment shall
! be immediately due and pa~abte and shail bear intorest from the date thereot unt11 paid at the rate of ten per
centum per annum nnd together with such interest shall be secured by the lien of thls mortgage.
4. To permit, commit or auffer no Ka+te, impairment or deterioration of sald propetty or any part thereoi.
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~ 6. To pay aU and aingular the costs, char~es and expenses, including rea~onable lawyer's fees and coot o!
nbstraets oi tiUe, incurred or pald at any time by said Mortgegee becaux and/or tn the ereat ot the tallura
~ on the part ot the said Morige~;or to duly, promptly and tully perform. dlscharge, execute, effect, complete.
3 comply v~-ith and abide by each and every the stipulations, agreements, conditlons and covenanta of said promis-
eory note, and thl~ mortgage, any or etther, and n~?1d costs, charges and e:penses, each and every. ahaU be fm-
mediately due and payable, whether or not there be notice, demand, sttempt to collect or suit pending; and the
r tull amount o[ each and every euch payment ahall bear interest irom the date thec+eot unW pald at ibe rste ot
~ ten per centum per atu~um; and all ea}d ro~td, char•gea snd e~cpeases ~o incurred or paid. together with such fn- ,
~ tereat, shall be secured by the Ilen of this mortgage.
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BOOK~~~ FAG~~~~
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