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and shali duly, promptly and fully per[orm, discharge, execute, effect, comptetn. comply with and abide by each
and every the stiputateons, agreements, conditions and covenanls of said prom~saory note and of thia mortgage.
then this mortgage and the estate hereby created shall cease and be null and void.
It is underatood that each of the words, "note," "mortgagor' and "mortgagee" reapecti~ely and the pron-
ouns referring thereto, whether in-the- singular or plural anywhere in thla morLgage. ahall be singular !t one only
and shall be plural jointly and severally, if more than one, and shall be masculine, teminine and/or neuter. wher-
ever the context ao implie9 or admita.
And sald Mortgagor for himeelf and his heirs, legal representatives, successors and asslgns. hereby covea-
anta ana agrees to and with said lliortgagee~ hia legal representatives, successors and as~igns: .
1. To pay slt and aingnlar the principa! and intereat and the vat(ous and aundry suma of money psyable by
virtue of said pmmisaory aote. aad this mortgage. each and every. prompUy on the daya respectlvely the same
aeverally become due.
2. To pay all aud singular the taxes, ~sessments, levies, liabilities, obligation~ snd incumbrancea of every
nature and kind now on said described property, and/or that hereafter may be imposed, auffered, placed, levied
or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
ness secuted hereby. esch end every, when due and payable according to law. befo{e they become delinquent,
and before any interest attaches or any penxlty is incurred: and in so far as any thereof is of record the same
shall be prumptly satisfied and discharged of record and the origina! ofticial document (auch sa, tor instance,
:he tax receipt or the satisfaction paper officially endorsed or certifiedl shalt be placed in the hands of said
Mortgagee within teri days next after payment; and in the e~ent that any thereo[ is not so paid, satistied and
discharged, said Mortgagee may at any time pay the same or any part thereot wlthout waiving or aftecting
any opti~n, lien, equity or right under or b~ ~•irtuP of this mortgage, and the full amount of each and every
' such payment shall be immediatety due and payabie and shal! bear interest from ihe date thereof until paid
! at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of thia
'i mortgage.
3. To place and continuously kePp on the buildin~s now or hereafter aituate on said land lire and windstorm
i
E insurance in the u_aual standard policy form, in a sum not less than i--------------•-•-•---.-...-------•-•--••--•-•---••--•-•••, 1n auch com-
! pany or comp^~ies as may be a~proved by sa?~1 I?torl~a~ce: and nti such insur?nce poticies on any ot said build-
~ ing~, any interest therein or part thereof, in the aRfire~ate sum a[ornvaid or in excess thereot, shall contain the
usual standard morttiagee clause makinR the I~~cg ur.~1~~ sa~d policies, each and every, payable to said biortgar
~ gee as his interes[ may appear, and each ar.d e~~er}• su~•h polecy shaA be prompUy deli~ered to and held by said
° Mortgagee; snd, not less than ten days in ad.~an~e of the expiration of each policy, to deliver to snid Mortgagee '
~ a renewal thereof, toRether with a receipt for the premium of a~~rh r~newnt: and there shal! be no such insur- ~
ance placed on any of said buildinRs, any interest thercin or pnrt thereof, unless in the form and with the loss t
E payable a~ aforesaid; and in the e~•ent any sum of money becomes payable under such policy or policies said
€ .Mort~agee shali ha~•e the opUon Lo receire 8nd apply the same on account of the indebtednesa secured hereby or
to permit said :4[ortRa¢or to receive and uce it or any part thereot for other purposes without thereby waiving
or impairing any equity, lien or riRht under or by ~irtue of this mortgage; and in the e~ent said Mortgagor shall
for any rnlsoa i~il to keep the said premives so in~ur~d, or fail to deliver prompUy any of said policie~ of
insurance to said 1liortgaRee, or fail prompily to p~y fnlty any premium therefor, or in any respect fatl to per-
~ form, direharRe, execute, effect, complete, comply u-ith and abide by this covenant, or any part hereof, said Mortg-
agee may place and pay tor such insurance or any part thereof withoui waiving or affect3ng any option, lien,
equity or right under or by virtue ot this mortRage, and the full amoaret of each and every auch payment shall
be immediately due and pa}abie and shall bear intPrest from the date thereof untll paid at the ~ate of ten per
centum per annum nnd together with such interest shall be secured by the lien of thie mortgage.
; 4. To permft, commit or suf[er no asste, impairment or deterlorstion ot said property or any part thereof.
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; 6. To pay all and aingular the costs, charges and expenses, including reasonable lawyer'a feea and cwt ot
ab9tracta ot tiUe. fncurred or pald at any ttme by sald Mortgagee because and/or in the event of the fallure
on ihe part ot the said MortgaRor to duly, promptly and fully perform, discharge, execute, effect, complete,
~ , complq with and abide by each and every the stipulations, agreemente, condiUons and covenanta of said prom7s-
~ sory note, and thi~ mortgage, any or either, and sxid costa, charges and e~cpenee~, each and every, ahall be im-
mediately due and payable, v?hether or not there be notice, demand, attempt to collect or ~uit pending: and the
il~lt amount ot each and every auch pa}Tnent ahall bear interest from the date thereo! until paid at the rate of
i ten per centum per annum: and all aafd co~te, charge~ and eapenee~ eo incutred or paid, togett?er with auch in-
s tereat, shall De aecured by ths lien of thia mortgage.
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eoox 217 PacE~g~.
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