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1. To pay all and singular the principal and interest and other suma of money payable
by virtue of said promissory note_ and thia deed, or either. promptly on the days reapectively
the ~ua~ aeverally t~8come du~.
2. To pay all and aingular tbe tazea~ assessments, leviea, liabilitiea. obligationa, and
incumbrances of every nature on said deacribed property, each and every. and if the same
be not promptly paid the said Mortgagee-, its ~+ei~ra, legal representatives or assigna,
may at any time pay the same without waiving or aifecting the option to foreclose or any right
hereunder, and every payment so made shall bear interest from the dat~ thereof at the rate
o! 15 per cent, per annum.
S. To pay all and singular the costs, charges and expenses, including lawyer's feea,
reasonably incurred or paid at any time by said Mortgagee-, its legal rzpresentatives
~
or ussigns, because of the failure on the part of the said Mortgagor, ita succeasors. legal
,
representatives or assigns, to perform, comply with and abide by each and every the atipula-
tions, agreementa, conditions and covenanta of said promissory note_ and thia deed, or
either, and every such payment shall bear interest from date at the rate of ~ 5 per .
i
cent, per annum. j
4. To keep the buildings now or hereafter on said land insured in a sum not less than
nollars, in a company or companies
to be approved by said Mortgagee-, and the policy or policies held by and payable to said
Ddortgagee-., heirs, legal representatives or assigna, and in the event any sum oi
money becomes payable under such policy or policies, the Mortgage~, ~+eirs,
~ legal representatives or assigns, ahall have the option to receive and apply the same on account ~
of the indebtedness hereby secured or to permit the Mortgagor to receive and use it or any part
thereof for other purposes, without thereby waiving or impairing any eqnity, lien or right ~
under or by virtue of this mortgage, and may place and pay for such insurance or any part
thereof without waiving or affecting the option to foreclose or any right hereunder, and each
and every such payment shall bear interest from date at the rate of per cent per annum. ;
b. To permit, commit or suffer no waste, impairment or deterioration of said property
' or any part thereof.
6. To perform, comply with, and abide by each and every the stipulations, agreements,
conditions and covenants in said promissory note-, and in this deed set forth.
; 7. If any of said sums of money herein referred to be not promptly and fully paid
! within ~ S days next after the same severally become due and payable, or if each and
! every the atipulations, agreements, conditions and covenants of said promissory note- and
' this deed, or either, are not fully performed, complied with and abided by, the said aggregate
sum mentioned in said promissory note_ ahall become due and pay able forthwith or there-
~ after at the option of the Mortgagee-., its heirs, legal representatives or assigns, as
~ fully and completely as if the said aggregate sum of ONE THOiTSAND NINE HUNDRED
~ and no/1QQ_,~ollars were originally atipulsted to be paid on such das, anything in said
~ promi9~¢i~'~ji~9te- or herein to the contrary notwithstanding. ~
~ . ~ ,
~ r__'~~ IN WITNESS WHEREOF, the said party of the first part has caused these
~ _ - ~ . ~ ~resents to be signed in its name by its ,
° - =(Corporate President, and its corporate seal to be affixed,
~ . , .
~ ~ f~ ; ~ ; - ~ {Seal ) attested by its ~ecretaiy the day
r _ • ~ ,
= , •L , ~ ^ ; ~ and year above written.
~
r Attest :
Secretary. -
~
3
~ Signed, sealed and delivered in the presence of :
, . . . •
~ 1. /
• ~ ~ t BY
~ ~ , (1. ~ R ~ President.
~ ~
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