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and shall duly, promptly and fully perform, discharge. execute, effect, completP, comply with and abide by each
and every the stipulations. agreements, conditions and covenants of said prom~ssory note and of this mortgage.
then t&i~ mortgage and We estate hereby created shall cease and be null and ~o?d.
It is understood that each of the words, "note; '"mortgagor" and "mortgagee" respectively and the pron-
ouns referring thereto, whether in the singular or plural anywhere in thL~ mortgage. shall be aingular 3t one only
and shall be plural jointly and severally, ii more than one, and shall be masculine, feminine and/or neuter. wher- ?
ever the context s,o impliee or admits.
And said Mortgagor for himaelt and his heirs, legal representatives. successors ei?d assigns. hereby coven-
ents anu agrees to and with said Mortgagee. his legal representatives, successors and aesigns:
1. To pay all and aingular the prtncipal and intereat end t~e various snd aundry suma ot money payable by ,
virtue o! said promissory aote, and this mortgage. each and every. prompUy on the days re9pecUvely the same
aeverally become due.
2. To pay a11 and au?Sular the taxea. as~essments, levies, liabilitie~, obligations and Incumbrance9 ot 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-
E ness secured hereby, each and every. when due and payable according to law, before they become delinquent„
and before any interest attaches or any pena~tY is incurred: and in so far as any thereof is of record the same
shall be pn~mpUy satisfied and discharged of record and the originsl official document (such as, for instance.
:he tax receipt or the satisfaction paper of~cially endorsed or certitied? ahall be placed tn the hands of said
Mortgagee within ten days next after payment; and in the event that any thereot is aot so psid, satistied and
discharged, said Mortgagee may at any time pay the same or any part thereot v?lthout wai~~ng or aftecting
any option, lien, equity or right under or by ~ irtue of this mortgage, and the full amount ot each and every
atc he arate noi 9t nl per centumaper annum and t
gether with lsu hainterestsshall be securede by the lien olf th a
mortgage.
3. To place and continuously keep on the buildinga now or hereafter attuate on said land fire and windstorm
~nsurable_ value_..., in such com-
insurance in the u.Sual standard policy [orm, in a sum not less than i-•~~---
pany or comp: nies as may be approved by sa:d Mortgagce; and all such insurance ~licies on any of said build-
ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess Lhereot. shaU contain the
usual standard mortgagee clause making the loss ur.der said policies, each and every, payable to said Mortga-
gee as his interest may appear, and each and every such policy shall be promptly delivered to and held Ly said
biortgagee; and, not les~ than ten days in ad~ ance of the expiration of each policy, to deliver to said btortgagee
a renewal thernof, together with a receipt for the premium of such rencwai• and there ~hall be no such insur-
ance placed on any of said buildings, any interest therein or part thereof, unles9 in the form and with the loss
payable as aforesaid: snd in the event sny sum of money becomes payable under auch policy or policies said
Mortgagee shall ha~e the option to receive and apply the same on account of the indebtednes~ secured hereby or
to permit said Mortgagor to recefve and use it or any part thereot for other purposes without thereby ~vaiving
or impairing any equity, lien or right under or by virtue of this mortgage; and in the event said Mort~aKor shall
for any reason tail to keep the said premiees so insured, or fail to deliver promptly any ot said policies o!
insurance to said 1liortgagee, or fail pmmpUy to pay fully any premlum theretor, or in any re~pect taii to per-
form, discharge, execute, etfect~ complete, comply with and abide by this covenant, or xny part hereof, said ~iortg-
agee may place and pay for such insurance or any part thereof without v~ai~ing or affecting any option, lien,
equity or right under or by virtue of thia mortgage, and the full amount of each and every auch pay~nent ahaII
be immediately due and payable and ahall bear interest from the date theteoi untfl paid at the rate of ten per
centum per annum and together with auch interest ahall be secured by the Hen ot thla mortgage.
4. To permlt, commit or sutfer no waste, impalrment or deterloraUon of said property or anq part thereot. ~
5, To pay e11 and aingular the coste, charges and expen~es, including reasonable lewyer's fee~ and cost o!
abstracts of t1Ue, lncurred or paid at any time by aald ctgngee becau~e and!or in the event of the faflurs t
on the patt of the ssid Mortgagor to duly. promptly ani tully perfortn, dixharge, e~cecute, eifect, complets. ~
rnniply wfth and sbide ~ri+ each and everq the adpulation+, ~,-*eements, cond~tlons and covenants of eaid promis-
sory note. and thf~ morigage. any or etther, and said costa cnarge~ and eupenses. each and every, shaU be 1m-
med~ tely due and payable. whether or not there be noticr, 3emand, stternpt to collect or snlt pending: and the
fu21 a.nount ot each and every such pnyment ahall bear intr.rest from the dats thereot until paid at the rate o!
ten pe: cent~un per annum~ ar?d a11 asld oo~ts. charges snd e~cpense~ ~0 lncurnd ar Paid. to8~ther ~1~ such !n-
terest, shall Ds aecured by ths liea oi thfa mortgsge. ~
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