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which note provides tor payment of interest, but which interest is not evidenced by interest coupons or in- ?
terest coupon notes. it being understood that wliererer coupons. interest coupons. or interest coupon notes, ~
are referred to in lhis pre~ent mortgage, the intcrest mentioned in said note is intended; and shall duly. ~
pmmplly and fully perform, disctiarge, execute, eti~rt, complete,.comply with and ebide by each and every ;
the stipulations, agreements, conditions and covenants of said promissory notes and of the interest coupons re- 4
ferred to therein and of this mortgage, then this mortgage and the~estate hereby created shall cease and be null i
and void.
It is understood that each of the words, note. mortgagor and mortgagee respectiveiy. waetner in ine
singular or plural anywhere in this mortgage. shall be singular if one only and shall be plural joinUy and
severally if morc than one, and that the word their as used anywhere in this mortgage shall be taken to
mean his, her or its, wherever the context so implies. or admits. .
Aad said Mortgagors, for themselves and iheir heirs, legal representatives. successors and assigns. hereby
jointly and severally covenant and agree to and with said Aiortia5ees. their legal representatives. successors
and as~igns:
1. To pay all and singular the principal and interest and the various and sundry sums of money pay
able by virtue of said pmmissory notes. interest coupon notes and this mortgage, each and ev2ry. promptly
on the days re~pectively the same severally becume due.
2. To pay all and singular the taxes. assessinents. levies. liabilities, obligations and incumbrances oi every
nature and kind now on said described property. and/or that hereaiter may be imposed. suffered, placed. levied
or assessed thereupon. and/or that hereatter may be levied or assessed upon this mortgage and/or the in-
debtedness secured thereby, each and every, when due and payable according to law. before they become delin-
quent, and before any interest attaches or any penalty is incurred; and in so far as any thereoi is oi record
the same shalt be promptiy satisfied and discharged of record and the original ofiicial decument (such ss; for
instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed iMhe hands
~,t t~~~ l~iortrarees within ten days next after payment; and in the event that any thereoi is not so paid, satis-
fied and discharged. said Mori6a6ees may at any time pay ti?e same or any pari f~~e~~,: w~::?:,u: ::o::• :6
affecting any option, iien, equity or right under or by virtue of this mortgage. and the full amt~unt of each and
every such payment shall be immediately due and payable and shall bear interest from the date thereoi until
paid at the rate of ~ per centum per annum and together with such interest shall be secured by the lien
of this mortgage.
3. To piace and continuously keep on the buildings now or hereaiter situate on said land haz-
ard irisurance as required by Mort6aaees in the usual standard policy form, in a sum not less than
----full_ insurable _yalue - - - - ---------Douars. i----------------.
in such company' or companies as may be approved by said Mortaasees; and all such insurance
policies on any of sa~d buildings. any interest therein or part thereof. in the aggregate sum aforesaid or
in excess thereof. shall contain the usual standard mortgagee clause making the loss under said policies. each
and every. payable to said Mortaasees as their interest may appear. and each and ev~ry such policy shall
be promptly delivered to and held by said Mort;a;ees; and, not less than ten days in advance of the expiration
of each policy. to deliver to said Mort~ees a renewal thereof. together with a receipt for the premium of
such renewal; and there shall be no such insurance placed on any of said buildings. any interest therein or part
thereof. unless in the form and with the loss payable as aforesaid; and in the event any sum of monep becomes
payable under such policy or policies said Mort~aseea sha11 have the option to receive and apply the same on
account oi the indebtedness secured hereby or to permit said Mottsaaors to receive and use it or any part
thereof for other purposes without thereby waiving or impairing any equity, lien or right under or by virtue
of this martgage; and in the event said Mort~a6ors shall for any reason fail to keep the said premises ao
insured, or fail to deliver prompUy any oi said policies ot insurance to said Mortsagees, or fail promptly to
pay fully any premium therefor, or in anq respect isil to pertorm. discharge. execute. effect, complete, comply
with and abide by this covenant, or any part hereof. said Mortgagces may place and pay for such insurance
or any part thereof without waiving or afiecting any option, lien. equity or right under or by virtue of this _
mortgage. and the full amount oi each and every such payment shall be immediately due and payable and
; shall bear interest from the date thereof until paid at the rate oi eight per centum per annum and together
! with such interest shall be secured by the lien o! thia mortgage.
~ 4. To permit. commit or suffer no waste. impairment or deterioration of said property or any part thereoi.
d 5. To pay all and singular the costs. charges and expenses. including reasonable lawyer's fees and cost oi
~ abstracts of title, incurred or paid at any time by said Mortaagees because and/or in the event o! the failure
~ on the pazt of the said Mortgagors to duly. promptly and fully perform. discharge, execute, effect, complete.
comply with and abide by each and every the st~pulations. agreements. conditions and covenants oi said
promissory notes, interest coupon notes and this mortgage, any or either~ and said costs. charges and expenses.
each and every. shali be immediately due and payable, ~•hether or not there be notice, demand, attempt to
collect or suit pending; and the full amount of each and every such payment shall beaz interest from the date
thereof until paid at the rate of eight per centum per annum: and all said costs, chazges and expenses so
incurred or paid, together with such interest, shail be secured by the lien of this mortgage.
~ S. That (a; in the event of any breach of this mortga~e or defauit on the part of the Mort~asors, or (bj
in the event any of said sums of money herein referred to be not promptly and fully paid within ten days next
after the same severally become due and payable. without demand or notice, or (c) in the event each and
every the stipulations, agreements, conditions and co~-enants of said promissory notes and said interest cou-
pons and this mortgage, any or either, are not duly, promptly and fully performed, discharged, executed.
effected, completed, complied with and abided by; then. in either or any such event. the said aggregate sum
mentioned in said promissory notes then remaining unpaid, with interest accrued. and all moneys secured
hereby, shall become due and payable forthwith, or thereafter. at the option of said lfortgaaets, as fully
and completely as if all of the said sums of money were originally stipulated to be paid on such day. any-
~ thing in said pramissory notes, interest coupons and/or in this mortgage to the contrary notwithstanding; and
- thereupon or thereafter at the option of said Morlga6ees. W~ithout notice or demand, suit at law or in equity,
iheretofore, or thereafter begun, may be prosecuted ~s if all moneys secured hereby had matured prior to
its institution
7. That in the event that at the beginning of or at any time pending any ~uit upon this mortgage, or to
~ foreclose it, or to reform it, and/or to enforce payment of any claims hereunder. said Mortgageea shall apply
to the court ha~•ing jurisdiction thereof for the appointment of a fteceiver, such court shall forthwith appoint
. a Receiver of said mortgaged property all and singular, including all and singular the rents, income. profits,
~ issues and revenues from whatever source derived, each and every of which, it being expressly understood,
~ is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereoi.
~ and such Receiver shall have all the broad and effective funetions and powers in any wise entrusted by a
~ court to a Receiver, and such appointment shall be made by such coutt as an admitted equity and a matter
of absolute right to said Mortgagees, and without reference to the adequacy or inadequary of the value oi
the property mortgaged or to the solvency or insolvency of s~id Mortaaaors and/or oi the defendants. and
~ that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien
and/or equity of said Mortaa6ees and the practice of such court.
~
8. To duly, promptly and fully perform, discharge. execute, effeM, complete. comply with and abide
~ by each and every the stipulations, agreements, conditions and covenants in said promissory notes and said
interest coupon notes and in this mortgage set forth.
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