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Home My WebLink About2061 ~ ~ . . ; . ~ _ . ~ and shall duly. pmmptly and tully pertorm, dischargt. execute, etfect. completP, ~:omply wfth and abide by each and every Lhe stipulations, sgreements. conditions and covenants of said prom~s~ory note and ot this mortgage. then ttii~ mortgage and the estete hereby created shall cease and be null and void. It ia understood that eacL of the wonLs, "note,' "mortgagoY' and "mortgagee" respecti~•ely snd the pron- ouns referring thereto. whether in the singular or plural anywhere in this mortgage. shall be singular it one only and shalt be plural joinUy and severaliy, it more than one, and shall De ma.sculine. feminine and/or neuter, wher- ever the conte~tt ao implies or admits. And said Mortgagor for hitnseli and his heirs, legal repcesentatires~ sacceavors and assign9. hereby rnven- anLs ana agre~ Lo and with said Aiortgagee, his legal representatives, successors and assigns: 1. To pay all and aingular the principal and interest and the varioe~ and aundry sums of money psyable by virtue ot said promissory note. and thi~ mortgage, ea.ch and every, promptly on the days re9pec4vely the sama aeverally become due, 2. To pay sIi and ~ingular the tx~cw, assessments, levies, liabilities, obligations and incumbranca ot every nature and kind now on said described property. and/or that hereafter may be 3mposed, suftered. placed, levied - or assessed thereupon. and/or that hereafte~ may be levied or assessed upon this mortgage anc!/or the indebted- ness secured hereby. each and every, v?hen due and payable ac~~ording to law. before they beeome delinquent, ' and before any interest attaches or an~ penxity is incurred; and in so far-as any thereof is ot record ihe same ; shall be promptly satis~ed and discha oed of re.°ord and the original ofiicial documen[ (such as. for instance. :he tax receipt or ihe satisfaction paper of[icially enJorsed or certitieci) shall be placed in the hand9 of said ~tortgagee within ten days neat after payment; and in the event that any ther+eof is not so paid, satisfied and ; discharged, said Morigagee may at any time pay the s:ame or any part thereot ~~-ithout wai~ing or aftecting s any optian, Gen, equi[y or right undrr or by ~ irtue of this mortgage, and the full amount of esch and every such payment shall be immediateiy due and payable and shal! bear intemst from the date thereot until paid ai f#:e ra:e ot ien ~+er c?ntum Qer annum and to~ether v~~th such interest shali be secured by the lien oi thi~ ~ mortgage. f ~ 3. To place and continuously keep on the buildin~s now or hereafter s1tuE~e on said land rre snd windstorm s insurance in the usual standard poticy [orm, in a svm not less than in such com- ` pany or comp^nies as may be approve+i by said 1?tort~a~ce: and al( such insurance policies on any ot snid build- ~ ings, any interest ttierein or part thereof, in the a;;~regate- sum atore;aid or in excess therco[, shall contain the ~ usual staadard mort~agee clause makinR the lc,ss ur.d~r said {?olicie9, each and e~ery, payabie to said Aiortga- T gee as his interest may appear, and each ar.d e~•e.-y suc•h policy shall be promptly delivered to and held by said Dtortgagee; arnl, not less than ten days in ad~•ance o[ the expiration ot each policy, to deliver to sxid 2~fortgagee 5 a renewal thereof, to~ether v~ith a receipt for the premium of anrh r~newal; and Lhere shalt b~: no ssch insur- ance placed on any of said buildin~s, any interest ihercin or part thereof, unless in the form anA with the los9 E payable as atoresaid; and in the e~ent any sum o[ monrv becomes pay~able under such policy or policies said ~ g p ppl~'Lhe same on account ot the indebiedness secured hereb or ~ ~fort a ee shall ha~e the o tion to recei~•e and a Y ; r ° to p+•rmit said ~iort~agor to recei~e an~] u~e it or any part thercot tor other purposes without thereby ~vaiving ' ; or impairing anp equity, lien or ri~ht under or by ~irtue of tt~is mortgage: snd ire the eve~t said Mortga~or shall tor any reaso~ [ai1 to kee~p the sairl premises so in~ur~d, or fail ta deliver promptly eny of said policies ot insurance t4 said Diortgagee, or fail promptly to p~y tully any premium therefor. or in any respect fafl to per- form, discharge, execute, eifect, cumptete, co:nply uith and ahide by thia co~enant, or anl part hereof. axid ~tortg- " a~eP may rlace and pay for s~tch inQurance or nny part therec~t ~++ithout v~ai~ing or affecting any opiion, liPn, equity or right under or bv virtue of this mort~age, and the fu[l nmount of cach and every such pnyment shall - bP fimmediately due and pa~•ablP and shall bear intPrest from the date thereot until paid at ttie rate of ten per - centum pe~ annum nnd together trith such Interest shall be secured by the lien ot tht~ mortgage. _ 4. To permlt, commit or sufter no w sste, impairment or deterforation oi ~ald pcoperty or any rart thereof. - b. To pay all snd sin~ular the costs, char~es and expenses, including tea9onable 1KU7er's fee~ and c~aC ot absiracts o[ title, lncurred or paid at any time by satd ~t~rtgaree b~rause an3/or fn the event ot the fatlure _ oa Lhe part of the sald biortga~or to duly, (JfATIPLIY and fully peKorm, d:scharge, execute, ettect~ complete. ~ comply with and ab:de by each xnd every the stlpulation~, agreement~, conditinna tusd coveneutLv ot aaid promis- aory n~te, and thi~ mort~;a~e, nny or elther, ,~nd sald ~~~t~, chargea and expenses, each and e~ery, ~hall be fm- mediately due nnd payable, whether or not therv: be notice, demand, attempi to collect or sult pendin~; and Lhe full amount of Pach nnd every such pa}~ment shaU bear interesi lrom Lhe date thereof untll Wi1d at the rate ot ten per ceatum per wnnum• and al! sa:d co9te, charge~ and expenses eo lncurred or pald. toget}:er c?-ith ~ach in- ~ terest, ahall ba aecured by the Iten of tht~ mortgage. ? ~ . ~ . - - ~ - I j _ _ _ . . , _ _ _ , -F-- , _