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Home My WebLink About1144 . ' ' ~ ~ ~ ~ . ~ . E ~ , i ~ ~ 1 and ahall duly. promptly and tully perform, discharge, executp, ef[ect, completP, romply with and abide by each and everv the atipulatione„ agreements, condrtiona snd covenants of snid prom~ssory note and of this mortgage. then this mortgage and the eatate hereby created shall cease and De null antl vad. It is understood that each ot the worde. "note," "mortgagor" end "mortgagee" reapectivdy snd the pron- ouns referring tt~eret0. Wbether in the singulnr or piurai anywhere in thls mortgage~ ~hall be singular if one only snd ahaU be plural jofntfy and severally. ii more than one, and ahall be meaculine, feminine and/or neuter. wher- ever the context ao implies or admits. And nald Mortgagor for himselt and his heira, legal representative~, aucces9ors and assigns. hereby coven- ants ana agrees to and with sald Mortgagee, hia legal repreaentatives, successors and assigns: 1, To psy all and singular the principal and intereat and the various and sundry suma of money payabie by virtue oi said promfawry note, aud this mortKaSe. each and e~ery. PcomPUy on the daya re~pectively the aame severally beoome due. - ' s. To pay all aad ain8ulaz' ihe ta~c~s• aaseasments, leviea, liabiUtiea. obtigations and incumbrances of every ~ nature and kind now on said described property. and/or that hereafter may be imposed, suftered, placed. levied ~ or saseaaed thenupon, and/or that hereafter may be levied or asses+ed upon this mortgage and/or the indebted- neas secured hereby. each and every, when due and payable according to lew, betoce they become delinquent, € and before any lntereat attaches or any penalty is ~ncurred; and in so iar as any thereoi is of record the same ahali be prornpUy satisfied and discharged ot record and the original ofricial document (auch ss, tor instsnce, ihe tax rtceipt or the aatistactioa paper ofticially endorsed or certtfiedl ahall be placed tn the hand~ of said Murtgagee taithin ten days ne:t after payment; and in the event that any thereot is not so paid, ~ci~rea ~a diacharged. esid Mortgagee may at any Ume pay the aame or any part thereof v~~ithout waiving or affecting say opti~n, l~en, equity or right under or by ~ irtuP of this mortgage, and the tull amount of each and every such payment ahall be immediately due and payable and shall bear interesE from the date thereof unUl pald at the rate of ten per centum per annum and together with such interest ahall be secured by the llen oi thie m~rtgage. 3, To place and continuously keep on the bwldinRe now cr hereafter situate on said land t:n and windstorm insurance 1n the u.QUal standard policy [orm, in a sum not les9 than ~B~mL~D..-••.•--•--••----...--••--...._, in such com- paay or eomp^nies as may be approved by said Mort~~~ce: and_all such insurance policies on any ot said build- s ings, anq Interest thereen or part Wereot, in the aR~re~ate aum aforesaid or in excess thereot, ahall contain the ` usual standard mortgagee clause makinq the 1~~~~ ur.der said policies, each and every, payable to said Diortgar gce as h[s interest may appear, and each and e~~ery su~•h p?licy shall be promptly delivered to and held by aaid Mortgagee: and, not lesa Rhan ten davs in ad~•ance of the exp~ration ot each policy, to deliver to aaid Mort~agee a renewal thereof, toRether with a receipi tor the premium of an~h r~+newal• and there ~hali be no such insur- ance placed oe any ot said buildinAa, any interest therein or part thereot, unle.9s in the fornn and with the loas payable ss aLoresaid: and in the e~ent any aum o[ money becomes payable under ~uch policy or policiea said Mortgagee shall have the optton to recei~e and apply the same on sccount of the lndebtedness secured hereby or to permlt eaid Mortgagor to receive and u~e it or any part thereot for other purpoaes without thenby waiWng or impairing any equity, llen or riqht under or by virtue oi this mortgage: and in the event said Mortgagor shall for any reaso~ [ail to keep the said premi~es so inQumd, or fail to deliver prompily any of ~aid policiea of inaurance to said Mortgaqee, or fatl prompUy to pay tully any premium therefor. or 1n any r~apect fail to per- ~ ~ form, diacharRe, eaecute, etfect, complete, compiy w~th and abi3e by thia covenan~ or any part heteof. esid Mortg- agee may place and pay for such insurance or any part thereo[ without waiving or attecting any opti nt shall ~ equity or right under or by virtue ot thi9 mortgage, and the full amount of each and every auch psYm be Immediately due and payable und ahall bear intPrest [rom the date thereof until paid at the rate of ten per centum per annum and together with such interest ahall be secured by the .en o! thts mortgage. 4. To permit, commit or autfer no aa~te, impairment or deterlotation of aatd pmperty or any part thereot. 6. To psy all and aingular the coets, chargea and expense9, Including reasonable lawyet's fee~ and coat ot abstraets ot title~ incurred or paid at any tlme by aaid Mortgngee because and/or In the event of the fallurs - on the part oi the said Mortgagor to du}y, promptly and Nlly perform. dlscharge. execute, etfec~ complete, ~ comply rvith and sbide by each and every the atlpulatlons, agreements, conditlons and covenante ot said promis- wry note, and this mortgage. any or etther, and aald costs, chsrges aad ezPenses. each and every, ehall ba tm- mediately due and psyable. whttl~er or not there be notice, demand, tttempt to colkct or sult pending' and ths : !Wl amount ot each and every sucD payment ahall bear intere~t trom ths date tLereof unttl Patd at the te~te o! ; tea per cenWm per annum• and all safd cosL. chargei ~nd e:pense~ ~o incurnd os paid. Wgether with sucD 1n- s terest. ~luil bs ~ecured bY the Uen ot this mortgage. - BaoK 232 ~~Ei~44 - ~s - - ~ F x~ ~ ; ~ ~ ~ r ~Y u ~ _ ~ .._.r;~°'.°~':~'~~, . _ - ~ ~~'~-~a:..:~