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u. UiJJR~D FII~TY A"~D NO/100------------------------op~uas.
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and shall duly, promptly and fully pertorm, diacharge, execute, eftect, complei~, comply wlth and abide Dy each ;
and everv the st~pulations, agreementa, conditione end covenants ot said promisaory note and of this mortgage. {
then this mortgage and the eatate hereby created ahall ce~se and be null and ~•ad. ~
.
It ia understood that each of lhe words. "note," "mortgagor" and "mortgagee" respectively and the proa-
oune refercing thereto, whether in the singular or plural anywhere !n Lhfs mortgage, ehall be aingular ff one only ~
and ahall be plural jointly snd ~everally, if more thaa one, and sha11 be masculine, feminine and/or neuter. wher-
ever the context eo imphes or admfta. ~
And said Mortgagor tor himeelt and his heirs, fegal repreaentatives, auccessors and aaafgns. hereby coven• ~
ants anu agrees to and with said Mortgegee. his legal representative~, successors and aselgna:
1. To pay all and sis~gular the principal and lntereat and the varioui and aundry iuma ot money payable by
virtue of safd pmmissory note, ~nd thi~ mortgage, each and every, promptly on the days respectively the um~
~everally become due. •
2. To pay all and ~ingular the taxee, as~easments, leviea, liabilitiea, obllgationa and lncumbrances of every
nature and kind now on sald descnbed property, and; or that hereatter may 6e imposed, eufteied, placM, levied
or asaessed thereupon, and/or that hereafter may be levied or asses~ed upon this mortgage and/or the indebted-
ness secured hereby, each and every, when due aiid payable secording to law, before they become dellnquent,
and before any interest attaches or any penalty is incurred: and in so far a~ any thereoi ia o[ record the sams
j shall be promptly satlsfied 8nd discharged of record and the onginal oiticial document lauch as, for instance, ~
~ the tax receipt or .he satiefaction paper officiaUy endorsed or certifiedl shall ~bt placed 1n the hand~ of said
Mortgagee within ten day~ next atter payment; and in the event that any thernof ia not ao paid, satisfied and ~
; discharged, eaid l?lortgagee may at any time pay the same or any part thereot v~~ithout wai~~ng or ai[ecting ~
€ any opti0n, lien, equity or rzght under or by ~'irtue ot this mortgage, and the full amount of each and every
auch payment shal! be immediately due nnd payable and ahall bear intere~t from the date thereot untll paid
~ at the rate of ten per centum per annum and together with such interest shall be secnred by the lien of thi~ !
mortgage.
~ 8. To place and continuously keep on the bu?IdinRa now or hereafter aftuate on said land fire and w[ndstorm
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~ inaurance in the usual standard policy [orm, in a sum not les~ than i F111.1.-.-1IISiLYc1b1E.__ V~1$Qauch com-
; pany or comp^nics as may be approved by said Mortga~ee: snd al! such insurance policiea on anq of asid build-
ings, any intere~t therein or part thereof, in the a~;gregate aum atoresaid or in eace~s thereof, ahall contain ths
~ usual standard mortt~wgee clause making ihe loss ur.der saEd policies, each and every, payable to asid lliortga~ #
~ gee as hia lnterest may 3ppear, and each and e~•ery such policy shall be promptly delivered to and held by eaid ~
~ bfortgagee; and, not less than ten days in advance of the expiratfon at each pollcy, to delfver to aatd btortgagee
a rene~val thereot. toqether with a receipt for the premium ot such renewal; and there ahall be no such insur-
~ ance placed on any of aatd buildtnRs, any intereat therein or part thereof, unless in the form end with the los~
s payable aa atoresa3d: and in the e~•ent any sum ot money becomes payable under such pollcy or polictea aaid
~ Mortqagee shall hace the option to receive and apply the same on account of the lndebteMe~ aecured hereby or
$ to permit said Mort~agor to recei~e and u•e it or any part thereoi for other purposes without thereby waiving
a or impairing any equitY, Ifen or right under or by virtue of thta mortgage; and in the event seid Mortgagor shall
~ for ar,y re1so~ [ail to keep the safd premi~es so insur~d, or- fail to dellver prompUy any of said policie~ ot ;
{ insurance to said rtortgagee, or fa11 promptly to pay fully any premium therefor, or in any reapect fail to per• s
form. discharge, execute, effect, complete, comply with and abide by thls covenant, or any part hereof, aaid 1?iortg-
ageP may place and pay tor such inaurance or any part thereof without walving or affectlng any option, lien,
° equity or right under or by ~~irtue of this mortgage, and the full amount of ~ach and every such payment ahali
i be immediately due and payable and ahall bear interest from the date thereot until patd at the rate of ten per
5 centum per annum and together wlth auch interest ahall be secured by the 8en of thl~ mortgage.
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~ 4. To permit, commit or euffer no a•aste, Impairment or deteriontion of satd property or any part thereot.
= 6. To pay all and singular the co~ta, chnrge~ and expenses, including nsaonable lawyer'~ fees and cost o!
~ abstracts of Utle, lncurnd or psid at any ttme by eald Mortgagee because snd/or in the event at the fWur~
on the part of the ~std Mortgagor to duly, promptly and Nlly pertorm. dlscharge, e:ecute, effect, complete,
comply wlth and sbide by each and every tha sttpulations, agreemenb, condlttont and covenanL ot said promfa-
' sory note, and Ws mortgage, any or efther, and ~aJd co~ta, charges and e~cpensea, euh and every, ~hall be 1m-
fi medlately due and payable, whether or not there be notice, demend, attempt to colkct or suft pending• and ths
~ full amount of each and every such psyment shall bear interest irom the date thereoi untll pafd st the rste o!
ten per centum per annum; and all ufd cwrb, charge~ ?ad u[pen~es w facurrad os pai4, Wgether ariW sucb 1n-
~ tereat, ~hW bs ~ecured by the Uan o! thfa mortgags.
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