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and shall duly, prompUy and fully pertorm. discharSe. execute, eifect, complete, complg With and abide by esch
and every the stipulations. a8reements. conditions and covenants of said pmmissorY note and of Lhis mort~ga6e,
ihen this mortga8e and the estate hereby created shali cease and be null and void.
It La understood that each of the words, "note; '"mortBaBOr" and "mortgaBee" resP~~velq and the pra-
nouns referring thereto, whether in the singular or plural anywhere in? this mortga8e, shall be s1nBvlar if one odY
and shall be plural jointly and severaU_v. if more than one, and shall be ma.sculine, femiNne and/or neuter, wher-
e~er the context ~o impiies or admits. ~
And said MortBaBor for himseU and his heirs, legal reP~n~~ves. succeaaora and assi8ns. hereby covea-
ants and aBrees to and with said Mortgagee. his IeBal representatives. svccessors and assiBlss:
1. To pay all and sinBular the principal and interest and the various and sundry sums of money payable bY
virtue of said promissorY note. and this mort~age, each and every. pmmPtlY on the days respectlvelq the aame
i severally become due.
i 2. TO paY all and siagular the taaes. assessments. levies, liabilities. obligations and incumbrances of everY
I nature and kind now on said described propertY• and/or that hereaiter may be imposed. suffered, placed, levied
~ or assessed ihereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
~ ness secured hereby. each and every, when due and pa9able accordinB to 1aw. before they become delinquent.
and before any interest attaches or any penalty is incurre~: and in sa far as any thereof is oi record the same
~hall be promptly satLsfied and dLscharged oi record and the orieinal official dceument [such as, for instance.
the tax n~ceipt or the satisfaction paper ofticially eadorsed or certified] ahall be Placed in the hands ot said
MortBaBee within ten days next after payment; and in the event that anY thereof is not so paid, satisfied and
dischar8ed. said MortgaBee may at an3? time pay the same or any part thereof without vrafvinB or aftectiag
any option, lien, equity or right under or by virtue ot this mortBaBe. and the full amount of each and every
such paYment shall be iaimedfately due and paysble aad shall bear interest imm the date thereoi until pald
at the rate oi ten per centum per annum and together with such interest shall be secured by the lien oi this
mort,~aBe.
3, To place and continuouslp keep on the buildings now or hereaije~si,~ueS~n ~n~ra~irie v~'Z~~`
tl gc~ in such com-
insuraace in the usual standard policy form. in a sum not lesa than t~/. • • • • - • • • • • • - • • - - • -
pany or companies as may be apProved by said Mortgagee: and all sf~ch insurance Dolicies on any oi said build-
in8s, any interest therein or part thereot, in the agereBate sum aforesaid or in escess thereof, shaU coatain the
usual standard mort8a8ee clause mak~?B the loss under said policies, each and every. payable to aaid Mortga-
,...,3'~~
gee yis hia interest may appear, and each and every sucn poiicy anau oe P~[`iw~ uu~*~«+ w~«+
MortBagee: and. not less than ten days in advance of the expiration of each policy, to deliver to aaid MortBaBee
a renewal thereof, toBether with a receipt for the premium oi such renewal~ and Were ahall be no such lnsur-
ance placed on any oi said buildinBs, any interest there~n or part thereoi, unless in the form and wlth the loas
payable sa aforesaid; and in the event ar.q sum of raoney becomes DaYable under such policY or policies aaid
MortBaBee shall have the option to receive and apply the same an account of the indebtedness aecured hereb~? or
to permit said MortBaBor to receive and us° it or anv part thereof for other purpo~es ~vithaut thereby ~vaivln8
~ or impairin8 any e4~ty. lien or rlBht under or bq virtu° of this mortBaBe• and in the event said MortgaBOr shall
for any reason fail to keep the said premisea so insured. or faiT to dellver promptly any of said policies of
insurance to said MortgaBee, or fail promptly to pey fully any premlum therefor, or ia aqy respect fail to Der-
form, discharge, execute. effect, oomplQte. complq with and ablde by thia covenant. or any Part ~~f. said ~[ort-
gagee may Place and pay for such insursnce or any part thereof ~vlthout wsiving or aifecting aay option, ]iea.
be immediately due and payable and shallabear intereat trom the ~date~thereof unti paid at the rate
of tea perll
centum per annum and to6ether with such interest sha11 b° secured bY ~e lien of this mortBage.
4. ~o permit. commit or suffer no Waste, impsirment or deterioration oi said propert3? or any Dart thereof.
S. To paY a11 snd ainBUlar the costs. charges and expensea, includin8 reasonable la~v5+er's fees and cast of
abstracta oi Utle, incurred or paid at any time by said MortBaBee becauae snd/or in the event oi the isilure
on the part of the said MortgaBor to duly. D~DW? and fully pertosm. diachar8e, execute, etfect. connplete.
comply ~vith and abide by each and every the stipnlation4. agreements, conditlons and covenants of at?id promia-
~ sory note. and thfa mortgage, any or either, and said costs. chsrBea and expenses. each and everq, shall be im-
mediately due and peyable, whether or not there be notice. demaa~i. attempL to cotlect ar auit peadiaB; aad the
tull amount of each and every such payment shall bear intereat irom the date thereof until paid at the rete of
ten per centum per annum: and all said costs. charges and expenses so incurred or paid. toSether with auch in-
terest. shali be secured by the 3ien of this mortgage.
p~°~ 227 r~.;~2485
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