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and shal! duly, promptly and fully ~xrform, d~schar~e, execut~, effert, complet~, ~•ompiy with and abide by each
and e~'ery the stipuiations, agreetnen~c, cond~tions and covenanLs uf svd prum~ssury note and of lhis mortgage.
then this mortKage and Lhe estate hereby create~l shsil cease and be nuil anu ~•oi~i_
It is w~derstocxi that each of the «or~s. "note." "morigagor" and "mortgagee° respecti~~ely and the pron-
ouns referring thereto, whether in the s~nl;ular or plural anvw•here in this mort~age, sha]! be singular it one only
and shall be plural jointly and se~eraliy, if mure thttn one, and sh:tll be ma4gculine, fem~nine and/or neuter, wher-
e~•er the coniext so impiiea or admits.
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And said Morigagor for himself and his heirs, legat representati~es, successors and assigns, hereby coven-
~ ants ana agrees to and Kzth said 1lfortgagee, his legal represeniatives, succ~•~surs_and assigns:
€ 1. To pay all and singvtar the principal Rnd interest and the various and sundry sums o[ money payable by
I virtue of said promissory note, and Uus mortgage, each and every, promptly on the day3 respectively Lhe same
f se~•era2ly become due.
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; 2. To pay all and sinRular the taues, asses.~mcnts, levies, liabilities, obti~ations and intumbrartces of erery
j nature and kmd notiv on said descr~bed property, and~or that hercafter may be imposed, suffered, placed, le~~ed
or assessad thereupon, and!or that hercafter may br l~~~•:ed or a~st~ssed upon this mortgage and 'or Lhe indebted-
` ness secured hereby, each and e~•erv, «•hen due aa~! (~:+}•able acconlen~ to law, before they become delinquent,
~ and before any interest attaches or an~ penalty ~y mcurr~~d; :tnd in so far as any thereot is of record the same
shall be promptly saUsfied Rnd d~Si~h:lr;,e~i of record and the on~;inal off~cial document Isuch as, for itistance.
~ ihe tax receipi er the satisfact:on paE~er officially en~tors~•d or cartif~~d? shall be placed in Lhe hands of said
JtortRagee v?'ithin ten da~s next after I~aymrnt; and in the e~•ent ~hat an}• thereof is not so paid, satisfied and
; discharged, said 111ortRa~ee may at any tirne pay th~ same or any part ihPrenf Kithout wai~-inn or affeciing
~ an~ optien, lien, equity or nRl:t under or b~• ~•~rt~i~ ~f th~s mnrt~;aR., and the ft~il amount of e~h and e~•ery
~ su~h pa~ment sh:+ll be immed~att~ty ~fue an~f nay:~h.e :1n~i shati bear intrr~>st from thP dxte thereof unLi] paid
' at the ra;e ot ten pzr c.~ntuin per annum xn~.i t~~~eth~~r «-tth suc•h ~ntere,t ~hall be secured by the lien ot th~s
~ mortgage,
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n 3. To place and conUnuously ke~p i~n the bu;l~fui~s nuw or hereafter sltuate on said land fire and windstorm
' insurance in the u~ual standar~l F~di~~y form, in a ~um n~~t less ihan S 5~~' in such com-
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; pany or com~~~ Zi~ s as ma}• be aF~pru~•c~,1 b~~ ~a;~i ~Tnr!;;~r~•e: ~m~i r~li such insurance p~licies on any of said build-
ings, any intPrest therein or pari therenf, in the ;?~^r.•e.•:~te sum afor~~;a~d or in excess thereof, shall contain Lhe
usual standani mrn•t~aR~e Na;ise m:ik~nfi the l+:~s ur.~i~~~ 9Ci1~~ (~Ol:ries, ea~•h and e~•ery, payable to said biortga-
; gec a~ his interesi ma~• appear, 1I1•I f~:.ch a::~i PCP; ~[!r~1 ~nI2C~' 3~iR~I bf! promFrtly deli~•ered to nnd held try said
- llIortgagee: and, not less than ten ~tays i~ ar!•; anre r>f the .•xp~ral;~m of each ~licy. to deliver to snid htortRa~ee
- 8 ren~~.v31 theteof, t~~ether ~a-ith a rec~ir~t fnr th~ pr~miinn nf ~u~•h r~ne~cnl: anr~ thPre shatl be no such insur-
anre placed on am• ~>f ~~id butldin~;s, any ~nte~r~~st thi~r~~n ~r part then~of, unle.~s in the form and w~th the Ins9
pa~•able as aforesai~l: an~i in the e~•Nnt an}• sum of m~~nt~~ b~~~~mes ~1~RT11P under vuch policy or poIicie~ sa~d
binrt~;a~ee shail ha~~e the opti~m to r~~ce~~-e and .*i~ply tt:e ~am~• ~~n aci-ount of the indebtedness secure~l hereby or
- - to ~+Frmit oaid \Snrt~a~ur eo re~ei~•~ sn•1 +~sP it or am• rart then~of fnr other purPoses vvithout thereby ~~•ai~~ng
~ or impairin~; am• P.ryuit~. lien or r,~ht un~ler ~~r by vtrtue of tLi~ mort~;a~e; and in the e~~ent said Aiorthakor shall
for 3r,y r~>2s~» fai) t~ kr~P ihF sai~1 Pr•~n~.c.•~ sn in~ur~d, nr fail to deli~•er promptly anr ot said ~ltcies of
~ insurance to sau3 .lt~r!~a~~~e, nr ta~l prnmptl~ tn fnlly an~• premium therefor, or in ttny respect fail t~ per-
` ~orm. d~crharFe, ex~~-ut~, ~~ff~~~t, compl~tF, c•on~~ly t.•ith xnd ahi.ie b~ this ~orenr~nt, or any part hereof, aaid ~tortg-
'~e~ may pla~•e ar.~l pay fnr sn~•h in=~irance or anr rart th~ re~~f «•ithont ~+-ai~•in~ or affeMin~ any optinn. liPn.
equit~ or nfiht under ~r b~• ~•~rtue uf this mort~;a~~~. an.l tho full amoi~nt of each and every si~ch payment ~hsill
be imn~Pd~a!ely duP and pa~•able and ~hall bFar int~~e~~t frcm the date •.her~of unt? paid at the raie o[ ten per
- centum per annum and togeth~r ~vith such interest shall be secured by the lien of thia mortga~e.
To perm;t, commit ~r st~ffer no «•~ste, im~airment or deterioration of said property or any part thereot.
' 6. To pay nll and sin~ular the coats, char~es and exppnses, includlnR reasonable lawyer's fees and cost ot
abstracts ot titie, incurred or F~aid at ftny tfine by said ~i~~:tGa~ee becAUSe and%or in the e~ent of the failure
on the part of the ~aid ~tortRa~;or to duly, promptlv and fullv peHorm, dlscharKe, execute, effect, complete.
comply wtith and abide by ettch and ev~ry the sttpulat:nns, a~reements, ~ondiU~ns and coventin~ of said promis-
= sory n~te, nnd this mortka~e, xny or either, Rnd aald cnsts, charRe3 and expenses, each and every, shall be im-
mediately due and pa~•able, w•hether nr not there be not~ce, d~mand, at!empt to collect or suit pendin~: and the
full amount ol each and everv such patTnent sttatl bear intereai trom the date thereof unt11 paid ai the r9te of
ten per centum per arv~um: and all AR1(~ covt9, char~e~ bnd expenaea eo fncurred or paid, together with auch fn-
terest, ehall De aecured by the llen ot tht~ mortgage.
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