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an~l shall perjo~m, complJ tc~it.h and abide bJ e~ch and ea~ery the stipulations,
agreem,ents, conditi,orw cind coaencants of sacid pro~rcissory nofe and of this deed, then
this deed and the estate hereby created shatt cease and be nutt and void.
.~'~ti~ the said .htort~a~'or hereby coveria~rats ccnd ac~rees:
.1. To pay all and sin~ular the, principal a~ul intereet ond other sums oj money
payable by virtue of said promissnrJ note and this cleed. or either, pmm.ptly orr the
days respectively the same severally come due.
Q. To pay all a~ad singular the taxes, assessmen.ts, lei~ies, liahilitie.s, nblidations
' an~l encumbrances of every nature on said described propertJ earh and svery, and
i if the sam,e be not prn~np~ly paid the said .Mort~'Q~ee may u,t any time pay the sam.e
! without waiving or ct~j`'ectin~ the option to foreelose or any right hereunder, and every
' paynzent so rriau~e shalt bear interest frn~n the date thereof at the racte of 8-3/4
per cent. per cannum.
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~ ?'o pay a11 and sin~ular the costs, ehar~PS and expenses. ineluding tawyer's
fees, reasonably incwrred or pccid a,~ any tirn.e by so,id JEfort~a~ee because of the faiture
on the part of the sacid Mort~a~gor to perform, comply tvith and abide by each and
; every the stipula.tions, ci~'reements, condition8 and covenants of said promissory note
~ and thia deed or either, o,nd every such pa~nzent shccll bea~r intere8t frorrc date at the
ra,te of 8-3I4 per cent. per annu~rc.
- To keep the btcilding now or hereajter on- s4icl~land inst~red in a sum n.ot
; less than Fifty-Five Thousand ($55,000.00) and no/100-----------------
; -----------------------------------~oUars. in a corrapany or companies to
be apprnved by So,id JKort~a~ee, a,icd ~he polie•~ or polieies held by and pa.ycLble to scLid
JKortgd~see, and i.n the event ccny suin of monoy becomes payahle under such policy or
polieies, the JKortgagee shall have the option to reeeive and upply the sa~ne on aceount
` of the irtd.ebte~xie8s hereby secured or to permit the .hfort~d~or to receive and use it, or
~ dny part thereof, for ather purposes, wi`hout thereby wa,ivin~ or irrapa~irin~ any equity
~ lien or ri~ht und,er or by r~irtue of this mortgage, and rriay pla,ce dnd pay for such
inSUrance or cany part thereof, with.out waciving or affeetin~ the opti,on to foreclose or
~ any right hereunder, and each a~ed every Such pay~nent siutll bedr irs.terest frn~n date
? at the ~te of 8-3/4 per cent. per annusn.
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