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~r~Ut~pl~ M~IUFII~~. 1/tul if sai~l .Alnrl~t.,~or shatl ~a~ r~~rro r~~r sui~l .,'{Iortgug~c
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~ a~i~l shall perjo~na, complJ u~ith aird abicle bJ e~teh and ei~ery t):e stipulations,
a~reements, condition.~ ctnd covenacnts of said promissorJ note and of t)iis deed, then~
this deed and tlae estate herebJ credted shall cease and Le null and L~oid.
.~ItI~ the sacid .rjlort~a~or hereby euaenants dnd a~rees:
.1. To pay ull anc~ sin.~ular t.he prineipal an~l int~r~st anil ntlt~r stt~n.s ~~j mo~reJ
P~JQhIe tiJ t~irtue nj s~~id pm~niss~,rJ ~i~t~ aitd tltis ~leF•~1, ~,r Pi.tlter, pr~,~~ipt1J ~?~t tlte
claJs respectit~elJ the sa~rt.c~ ser~erall.~ conte ~lt~P.
! Tn pa~~ ~Il and si»6u.lar th.e t~~.r~s, assess~n.entc, ler~i~~x, I[(lJ)%jl~ll+s, I~I)IlAqtlOlL3
; ~rnd. encumbrances oj ~~i~erJ ii~tu.re on sai~l d~sc•ribed prop~~r[J ea~~h a~a~l ei~~rJ, and
; if the sctme be not promptly pacid tjie said .htort~agee may at any time pay the sanae
I without zedivin~ or ajf'ectin~ tJte option to foreclose or ar~y ri~lrt hereu~ider, and every
k payme~at so made shall bear interest from the date thereof Qt the rate of -0-
; per cent. per annum.
f .
; J. 7'o pay all and sin~ular the costs, chcu6~~s an~l exp~nses, iiic•lrulr.n~ lawJer's
I fees, reasoncibly incurred or paid at ctny time by sdid aTortga~ee Lecarese of the failtcre
on the part of the said .1~ort~a~or to perform, complJ u.•ith. a~c~ abide by each. aiad
i everrJ the stipulations, cagreements, conditions and covenants of~ said >>romicsory note
~ dnd this deed, or either, cand every such payrrcent ~ha.ll Lear interest from date at tlie
rate of _ p_ per cen~. per annum•.
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To lceep the bu-ildin6 ~totv or Irer~ajter ~~n s~~i~l luncl i~lsr~red in a st~»i. »ot I
~ l~ss tja,an full insurable value
' ' I)~,Ilurs, in a cornpany or rnm.pan.ies to
be capproved bJ said .1~tortga~ee, ctnd fhe polic~ or policies held by and payable to said
.~lort~a~ee, acnd in the eL~ent any sum of naon~J becomes payable under such policy or
policies, the .~llortga~'ee shalt have the option to reeeive and upply the same on account
of the indebtedness hereby secured or to permat the .l~fort~agor t~o receive and use it, or
a•ny part thereof, for otlaer prcrposes, wi`,horct thereby r~aiving or impairing anJ equity ~
lien or right under or by airtue of this mortga.ge, and may plac;e cand pa J for sueh
insuranee or anJ part thereof, u~ithout u~aivin~ or affeeting the optio~a to foreclose or
any right hereunder, and each and every such payrrcent shall bear interest front date
at the rute of -0- per cent. per annum.
, gQ~K z44 PAGE ~ ~r1 ~
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