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DOROT~ M. DARE ......................................IS~I.)
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and shall duly, promptly and fully pertorm, discharge, execute, effect, complei~, comply w~th and abide by each -
and e~~erv the st~pulations, agreements, ronddio:is and covenants of s~J prom~saory note and ot this mortgage.
then this mortgage and the estate hereby created shzll cease and be null and voi~l.
It is understood that each of the ~vords. "note," "mortgagor" and "mortgagee" respectively and the pron-
ouns re[ernng thereto, whether in the singular or plural anywhere in lhis mortgage, shall be singular 3t one only
and shall be plural jointly and severally, if more than one, and shall be ma.sculine, teminine and%or neuter. wher-
eeer the context so implies or admits.
And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
' ants ana agrees Lo and with said 111ortgagee. his legal representatives, successo,rs and assigns:
1. To pay sll and singular the principal and internst and the various and sundry sums of money payable by
f virtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same
i severally become due.
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C 2. To pay all and singular the taxes, esses.~ments, levies, liabilities, obli~ations and incumbrances ot e~ery
~ nature and kind now on said descnbed property, and/or that hereafter may be imposed, suffered, placed, le~7ed
. or assessed thereupon, and/or Lhat hereafter may be levied or assc•ssed upon this mortgage and!or the indebted-
~ ness secured hereby, each nnd eeery, k rien due and payable acconling to law, betore they Decome delinquent.
~ and bafore any interest attaches or any penaliy ~y incurred; and in so far as any thereot is of record the same
shall be prumptly satisfied and discharsed o[ record and the onRinal official document (such as, tor instance,
~ ;he tax receipt or the satisfaction pa~er officiatly en~for~d or certified? shall be placed in the hands of sa.id
F Atortgagee within ten days next after payment; and in the eeent that any thereof is not so paid, satisfied and
E discharged, said Dtortgagee may at any time pay. the s:ime or any part thereot w-ithout wai~zng or affecting
~ any option, lien, equity or right under or b~• ~~srtuP of this mortgage, and the full amount of each and every
such payment shall be immediately due and payabic and sh:~ll bear interest from the date ihereof until paid
~ at the rate. of ten per centurn per annum and t~~~eth~~r ~~zlh such interest shall be secured by the lien of this
mortgage.
~ 3. To place and continuously keep on the biuldinrs nov+v or hereafter sltuate on said land fire and windstorm
~ insurance in the ?L~ual standard poli~y fnrm, in a svm n~t les9 than 3---- in such com- -
~ pany or comp::~ies as may be appr~~~•ed bp cai~l Diort~,•ar~~e: an~i all such insunnce policies on eny of said build- ~
~ ings, any interest therein or part thereof, in the 1~~r.•~:ate sum aforeaaid or in excess thereot, shall contain the
~ usual standard mort~agee clause mak~nR the I~~~s ur.d~~r sa~d policies, each and every, payable to said Dtortga-
~ gee as his interesi may appear, a~d Pach a::d e~•e: s~e~•h p~Lcy shall be promptly deli~'ered to and held by said
~ 1lfortgagee; and, not less than ten days in ad~•an~e of the Pxpiration o[ each policy, to deliver to said biortgagee
a rene~val thereof, together w•ith a receipt f~r thP premium nf Qnrh r~newal: and there shall be no such insur-
~ ance placed on an}• of ~aid buildings, any m.crest th~rein ar p~rt therno[, unle~s in the form and with the loss
payable as aforesaid; and in the e~•Pnt any sum of money becomes payable under such pollcy or policies said
~;i Morif;a~ee shall ha~•e the opti~~n to recei~'e and apply the same on account of the indebtedness secured hereby or ~
~ to r~rmit said Jiort~aRor to receirP nn~i ucP it or any part thereof for other pi~rroses without themby waiving
or impairing an~• equity, lien or r.~ht under or by ~iriue of ihis mortga~e: and in the erent said Mor[gagor shall
for any rrlson fail to keep the ~aid premis~~c s~ in=ur~d, or fail to deHver promptlV an~ of said policies o!
~ ins~rance to said ~iortgaqc•e, or fail promptly to pa~• fully :v~y premium therefor, or in any respect fail to per-
- form, dischar~e, execute, effect, complete. comply ~~~th and abide bp this cu~•enant, or an} part hereol, said Dtortg-
= a~eP may place and pav fnr such inQurance or anp part ttiereof ~vithoui ~aiving or affecting any option, liPn.
_ equity or right under or b}• ~•irtue of this mort~age, and th~ fup 1q~ount of each and every such payment shall
be immediately due and pa}•able and 9ha11 bear intPresi from the date thernof until paid at the rate of ten per
- centum per annum and together ~vith such interest shall be secured by the lien ot thia mottgage.
4. To permlt, commit or sufter no w•aste, impairment or deterioration of said property or any part thereof.
6. To pay all and sin~ular the costs, char~es and expenses, including reasonable lawyer'e fees and cost of
abstracta ot title, incurred or pai~ at any t3me by sald 1?Tortgagee because andior in Lhe event of the fatlure
on the part of the said 11SortgaKor to d~ily, promptly and tully peKorm, Aischarge, execute, effect, complete.
comply w~ith and abide by each and every the stipulation~, agreement~, c.ondiUons and covenant~ of swid promis-
aory note, and thi~ mort~;age, any or either, and sald costs, cherges and expenses, each and every, ~hall be im-
mediately due and payable, whether or not there be notice, demand, attempt to collect or sutt pending: and the
= ftill amount of each and every such pa}~ment shall bear intereat Irom the date Lhereoi until patd at the rate oi
ten per centum per annum: and all safd cwta, charge~ and expeneee eo tncurred or paid, together with auch !n-
tereat, ahall be aecured by the lien ot Wa mortgage.
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- E_ 224 PAGE O~~
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