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RICHARD A. SQ3AMH~ACH
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E OR M. 3C:~~A~,HACH .
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and shall duly, promptly and fully perform, discharge, exccute, effect, compietP, comply w~th and abide by each
and everv the stiputations, agreemenis, rondttions and covenants of said prom~s~ory note and of thia mortgage. i
then this mortgage and the eatate hereby created shall cease and be null ancf void. ~
It is understood that each oi the wonLs, "note." "mortgagoY' and "mortgagee" respectively and the pron-
ouns referring thereto, whether in the singutar or pluraI anywhere fn thls mortgage. shall be singular it one ody i
and ahall be plnral joinUy and severalty, if more than one, and shall be masculine, feminine and/or neuter~ wher- ~
ever Lhe context ao implies or admits.
And said Mortgagor for Mmself and h3s heira, legal representatives, successots and assigaa. hereby ooven-
enta ana sgrees to and with said Morigagee, hia legal representatives, successors and assigns:
1. To pay aU and singular the principa! and intereat and the varlous and aundry sums of money payable by ~
v[rtue of said prna?iseory note. aad thia mortgage. each and every. promptly oa the daya reapec4vely the sama
eeveraUy become due, ~
2. To pay all and singvlar Lhe t~xes, a~sessments, levies, liabilities, obligntions snd incumbrance~ of every
nature and kind now on said described property, and/or that hereafter may be imposed, autfered. placed, levied ~
or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- +
ness secured hereby, each and every, when due and payable acrnrding to law, betore they become delinquent~ ~
and before any interest attaches or any penalty is incurred; and in so tar as any thereoi is ot record the same
shall be prumptly satisfied and discharged of recoM and the onginal oiticial docaunent (auch as, tor instance, '
:he tsx receipt or the satisfaction paper officiapy en~iorsed or certitiedl shall be placed in the hands of said ~
Mortgagee within ten days next atter payment; and in the event that any thereot is aot so paId, saiiefiea and ~
discharged, said Mortgagee may at any time pay the san~e or any part thereo[ wlthout waiving or afteCting
any optiDn, lien, equity or right under or by ~•irtue of this mortgage, and the full amount of each and every
such payment shall be immediately due and payabte and shxll bear interest from the date thereof until paid }
at the rate of. ten per centurn per annum and together with such interest shall be secured by the lien oi thia ~
mortgage.
II
~ S. To place and continuously kePp on the buildin~s now or hereafter aituate on said tand ffre and wir~dstorm _ €
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f inaurance in the wauai standard policy form. in a sum not lesa than i.•-•-----•-----•--•..---••-•---••••••• (n such com- ;
i pany or comp^nies as may be approved by sai~t Mort~a~ce; and al{ such insurance po2icies on any o! ~aid build-
, ings, any interest therein or part thereof, in the aR~regate sum atoresaid or in excess thereol, shall contain the -
; usual standard mort~agee clause makinR the lo~s ur.d~r said policies, each and every, payabte to said btortga. ~
I gee as his interest may appear, and each and e~•ery su~•h policy shall be promptly delivered to and held by eaid
' biortgagee; and, not less than ten days in ad.•anoe of the expiration of each policy, ta deliver to said Mortgagee
~ a renewal thereof, to~ether with a re~eipt f~r thP prpmium ~f ai~~h renewal; and there shall be no such insur-
~ ance placed on any of aaid buildinRs, any interest therein or part thereot, unless in the form and with the lave ~
payable aa aforesaid; and in the e~~ent any sum ot money becomea payable under auch policy or policies said ~
MortRagee shali ha~•e the optiun to recei~•e and app]y the same on account of the indebtedness secured hereby or ?
to permit eaid Mortgagor to receive and uce it or any part thereot for other purpose9 without thereby wai~: ng
f or impairing any equitv, lien or ri~ht under or by virtue of this mortgage: and in khe event said Mortgagor ahall
for any reason fai) to keep the said premises so in=ur~d, or fail to deliver prompUy any ot said policiea of
insurance to said 2ltortgagee, or faji prompUy to p:?y fidly any premium therefor, or in any respect fail tc? per-
form, di.gcharge, execute, ef[ect, complete, comply ~~~th and abi~e by thia covenant, or any part heteof, said 1ltortg-
agee may place and pay for such insorance or any part thereot without waiving or a[tecting any option, lien,
' equity or right under or by ~ irtue of this mortgage, and the futl arnount of each and every nuch psyment shall 3
be immediately due and pa~able and ahail bear intPrest from the date thereot until paid at the rate ot ten per ;
; centum per annum i?nd together with such interest shall be aecured by the Hen of this mottgage. ~
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4. To permit, commit or sufter no aa~te. impairment or deterioraUon of ~atd property or any part thereot.
6. To pay all and aingular the co~ts, chargea and expenses, including reasonabte tav?yer's fees and coat ot
abstracts ot title, incurred or pald at any time by said Mortgsgee because and/or in the event oi the faDure
; on the part of the said MortgaRor to duly, promptly and Nlly pertorm, dlscharge~ execute, effect~ complete.
! comply wlth and ablde by each and every the sttpuiation~. agreements, condiUona and covenanta oi said promis-
aory note, and t}iis mortgage, any or etther, and snid coste, charges and expenses, each and every, ahall be fm- ~
mediately due and payable; whether or not there be notice, demand, attempt to collect or auit pending; and the ~
f l~lt amount of eacl? and every aucn pavment ahall bear interest trom the date thenof unW pald at the rate of ~
» ten per centum per annum: and all eaid coete, charges snd expenee~ so lncurnd or paid. together wit6 aucd in-
t terea~ ~hall be eecured by the lien of thls mortgage. ~
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e~aK216 PAfE1364
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