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......os sueh otlar yLa u!b~ Dold~s ;
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ba~asq w~d1 ~uslt~ritf• wid psledpal u?d lat~rNt sha11 b~ du~ ~d pa~apb aa follows t s
512~.49 per iaonth for sixty monthe '
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and ahall dul rom U and full ~
Y. P p y y perform, diacharge, execut~, effect, comptet~, comply wtth and abide by each
and everv the stipulations, agreements, conditions and covenants of said prom~ssory note and of Lhia mortgage~
then thia mortgage and the estate hereby created shall cease and be null anu vo1d. .
It is understood that each of the worcis. "note," •'mortgagor" and "mortgagee•• respectively and the pron-
ouns referring therei0. whether ln the eingular or plural anywhere in thls mortgage, ahall be singular if one only °
and shall be plural jointly and severally, if more than one, and shall be masculine, feminine and/or neuter~ wher- ~
ever the context ao impliea or admits. ~
And said Mortgagor tor himaelf and his heirs, legal representativea, successors and essigns, hereby coven- `
snt~ ana agrees to and with said Mortgagee, his legal representatives, successors and assigns: #
1. To pay all and singular the principal and intereat and the varlou9 and aundry auma ot money payable by
virtue oi eaid promiasory note, and this mortgage~ each and every~ prompUy on the daya respectively the same !
aeveratly become due. ~
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2. To pay atl and aIngular the taxes, assessments. levies, liabfliLies, obligations and incumbrance.s of every ~
nature and kind now on said described property, and/or that hereafter may be imposed, autfered, placed, levied
_ or assesaed thereupon, and/or thai hereafter may be levied or assessed upon this mortgage and/or the indebted• 3
ness se~rtre~~lsy.-esett'and-everp-when-due-aad-payable _according--to- iaw;-befc~re-they-beeome-deliaQueni, - - -
and before any interest attaches or any penalty is incurred; and in so far as any thereof ia of record the same
shali be prompUy satisfted and discharged ot record xnd the original ofticial document (auch as, tor Sistanc~ :
Lhe tax receipt or the satisfaction paper officially endorsed or certified) ahall be placed in the hands of said ~
Mortgagee within ten days neat after payrment; and in the event that any thereof is not so paed, satisfied and
dlscharged~ said Mortgagee may at any time pay the same or any part thereot without wai~~ing or aftecting
any opti~n, lien, equity or right under or by ~ irtue of this mortgage, and the full amount of each and every
such payment shall be immediately ~ue and payable _and shall bear interest from the date thereof until paid
at the rate of ten per centurn per annum and togethcr with such interest shall be secured by the 1?eri of "thi8 5
mortgage.
3. To place and continuously keep on the buildin~a now or hereafter aituate on said land tire an@ windstorm ;
insurance 3n the usual standazd poliry form, in a sum not less than = in auch com- ;
pany or eomp^nies as ~nay be approved by said bfort~n~ce: and nU such ir~surance paliciea on any of said build- ;
ings, any interest therein or part thereof, in the aR~re~ate sum afornsaid or in excess thernot, shall contain the f
usual standaM mort~agee clause makinR the luxs ur.d~r sa~d policies, each and every, payable to said Mortga-
gee as hie interesi may appear, and each and e~~ery stu•h policy shall be promptly delivered to and held by said
Mortgagee; and, not less than ten days in adran~e of the expiration ot each polIcy, to deliver to snid Mortgagee
a renewal thereof, to~ether with a receipt for the premiam of at~rh rpnewrel: and there shall be no such insur- ~
ance placed on any oE said buildinR~, any interest therein or part thereof, unless in the form and with the loss
payable as atoresaid; and in the e~•ent any sum ot money becomes payable under such policy or policies said
Mortgagee shall ha~•e the uption to receive and apply the same on account ot the indebiedness secured hereby or
to permit said MortRagor to receive and uce it or any pnrt thereot for other put~wses without thereby waiving
or impairing anp equity. Iten or riRhi ander or by virtue of this mortgage; and in the event said Mortgagor ~hall
for any reason fail to keep the said premises so in~ur~d, or fail to deliver prompUy any of said policiea o! _
ittaurance- to-said AtnrLgaReE.-~r- faii-promptiv tn_pav~ully~n~r nremi ~rr~ th r fo~,_~ ir~an~r~et fail lo~er---
form, discharge, exeruie, effect, complete, comply ~~~th and abide by thi9 covenant, or any part hereof. said Mortg-
agee may place and pay for such insurance or any part thereot without waiving or atfeeting any option, lien,
equity or right under or by virtve of thia mortgage, and the full amount of each end e~ery auch payment shall
be immediately due and payable and shall bear intPrest from the date thereot untfl pald at the rate of ten per ~
centum per annum s?nd together with such tnterest shaii be aecured by the Ilen o[ thts morigage. ~
4. To permlt~ commit or suffer no vra~te, impairment or deterioraUon of aaid property or any part thereol. t
b. To pey ell and singular the costs, chargea and expenses, including reasonaDie lewyer's tees and cwt ot
abstraets of title, lncurred or paid at any time by eaid Mortgagee because and/or 1n the event oi the fallure
on the part of the said Mortga~or to duly, promptly and fully perform. dlscharge, execute, effect, comp[ete.
comply mith and ablde by esch and every the silpulatlona, agreements, condftlons end covenante of said promle-
aory note, and tht~ mortp,age, anq or either, and safd costa, charges and expenses, each and every, ehall bs im•
mediately due and payable, whether or not there be notice, demand, ettempt to cotlect or ault pending: and the
full amount ot each and every auch pavment ahall bear interest trom the date thereof unttl pafd at the rate ot
ten per centum per annum• and all eatd coeta, charges and expeaae~ so incurnd or paid, together arith such ia-
terea~ Nial! be secured by the llen ot thia morigage.
ao~218 ~~E-16~~
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