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and shal! duly, promptly and fully prrform, d~scharge, exrcute, effrct, completr, •:omply wrtA and abide by each -
• and even the stipula[ions, agreements, condit?o:~s and covenar?ts ot svd prum~ssory notr and ot this mortgage. .
then thi9 mortgage and the estate hrreby created sh.?ll ceasr and be null ana ~-o:d.
It is underatood that each oi the ~yor~s. "note." "mortgagoc" tnd "mortg~ee" re9preti~ely aad the pron-
oun~ re[erring thereto, vrhether in the singular or piural anywhere ln tht~ moctgage, shall be singutac it one onlq
end shali be plural fointly and severatiy, if more than one, and shall be m~scut~ne, feminine and/or neuter~ v?her-
ever the context so implies or admits. ' ~
Md said Diortgagor tor himaei[ end his heirs, icgal representative~, succ~x~ors and asslgns, hereby coven•
anLs ana agree~ to and with said rlorigager, his legat reprrsentatives, successor9 and assigns:
' 1. To pay all and singular the princi~al snd interevt and Lhe vatioua and aundcy sum~ of irtoney payable by
virtue ot said promiseory note, and this mortgage~ each aad every. promptly on the day~ respec4vely the sams
severally become due.
i 2. To pay all and singvlar the tnxes, assessments, levies, liaDili[ie9, oblipatioa' and lncumDrance~ ot ever~
~ natute and kind now on said descnbed property, and/or that hereafter may be impo~ed, sui[ered~ piaced, levied
{ or assessed thereupon, andlor that herea[ter may be levied or assessed upon this mortga.ge andior the indebted-
F ness secured hereby~ each and every, when due and payable according to law~ be[oce they Decome delinquent,
i and before any inte:est attac}ies or any penalty is i~icurred; and in so far as any thrreof is of record the same
± shall be pr~mp:ly satis.•ied and dischar~ec7 ot record and the ori~;ina! official documen[ (such ~s, for itutante.
` :he tax recQipt or the satisfaction paFer officially endorsed or certi[ied! shall De plnced in the ttand~ ot said
g g y p. yment; and in the event that any thereo[ is no: so paid, satis:ied 8nd
' ~Sort a ee within ten da ~ next a[ter 1
~ discharged, said l~iortgagee may at Rny time pay the s:ame or any part thereot without wairing oc af[eCting
~ • any option, lien, equity or righ[ undfr or Dy ~irtu~ of. thi:: mortgaga, and the fuU amocnt of each and every
such payrnent aball De immediately due and payab!e and sh:~l! bear interest fmm the date thereof untii paid
~ at the rate ol ten per centurn ~?er annum and to~ether ~vith such intere~t shall De secuted by the lien of thi~
~ mortgage.
~ 3. To place and cont~ncousty keep on the bu:l!Ln~:+ now or herea:.er sttuaLe on sa[d laered fier end wfndstorm
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k lnsurance ~n the usual standard p~licy form, in n sum not lese than S._ 1n such co~-
` pany or comp^n:~s as may b~ appr~ved by ~a:~l ~tort;;~~ce; ~n~t all such insur.?ace policeea o~ ~i.-~y of 9aid build- .
inos, any intPrest thetein or pari thereof, in the a~~r~~ate zum a[a:raaid oc in ~xce9s thereof, ~halt eontnin the
' us~al standard mo. t~a~ee cia:?se makinz tt~e I~~:.a ur.~i~~r s:+id pol~ciea, ea~~h ar.3 e~err, pa}•ab?r to ssid bt~rtga-
~ gee as his intcres: may xppear, and cach ar.~l e~•e.-~ s~~~ h pnlicy shall br aro:np:i~r deli~e-ed to ar.d retd by said
~ ::art~;a~ee: and, not lrs9 than ten days in 1d.•an~e oC the expiration of each poLcy, to deli~er to sa'.d blo?t~ibee
; a renrt~al thcreof, to~ether v:ith a receipi f~r :hr prpm:c.m nf ~+~oh r~nexai: aad thoR a'?a'.1 be no surh ins~--
~ anrv placcd o~ any of sai~i buiirlir.Ke. any intrrest Lherein or par[ thereof, La2~s~ e~ the form and vi.ith the 103~
- p1~•abte as afo.'P531r~: RR~~ ~n the C~'PR~ any' sum of muney becomes p~yab!e L~Qer s~ech p~ltcy or po'.iciea sa:d
btort~•a~;ee sh:~ll ha.•e Lhe o, tinn to receit•r and a~pl ~ tt~e s.~:nt on arM~int of i`:e ir.3eb'ednrs~ secLre!! hrreby or
to p~rmit a-~:d tiiurt~a€or io rerei~•P ~n~l ~~~e it or any t~ar: :hen•of for o;t;~: pa?~9ra ~?Z~hout tArrebv wai~in~
- or imE~airin;; any eq~~ity. l:rn or r.~-ht ~in~izr ur by ~-~rtut of this moriba~e: a^_1 in the e~ea: said ~:ort~aK~r ~hal1
for ar.y reaso~ fail to l:c~p thn s3i~l pra^us~•s ao in~t~r~d, or fail to d?:1~•r: ~roT.'fp.ly Aay oi s3id poi:CEe~ of
. ins~~rlnc.• to s.u~i D*nrt~1~~•~, or fail pmm~?_ty to pi}• :~ell~ anv premium ther±~:.~r, oe in tu~~ re3~rct tatt to per-
for:n. ~Ii=chlrF~r, er.ecu,~, rtlect, co~r.F1r,P, c~~:nply n~th a^d abi~lr by thi' co~•~ryar.t~ or sn~ p3rt !:ereof. ani~ ~So:'g-
- ezrP rnzy pl~~.r ar.d pa~ t~~r ~nrh in±:ira~ce or ~s~ p<:r?. thvreo[ kithnuL :tizi~ir.~ or R::?'C:~ng sn~ op.ion_ t~rn,
~ Pqu~ty or r.~;t~t undc•r nr b~ ~•irtue u.' this mort~'tne. :+ns the full 1rT.a~n: o•_ esrh a:~•i eti•er}• ~•:rh pstr.:rat c;;a:i
- bc imm~~ici!ety d~te nnd paya51e ars~t sh.aU b~ar iniorr-t [rorn the c!a_e Li1PSPOC ur.i:t piid xt t!:e t~ie of t_:s p~r
crntum ~~•~r annum nnd to~ethPr ~si?.h 9uch lnterest sh:tll be seCUred by t:~t lie:t ot ihls mo:
~t;r?~~.
; To {~crrnlt, comrr~:t or src[fer rto ~.•:u:e, ~rn,a:rmer.: oc de~e~orn:ion c+: ~ai3 pco,e-ty or nny parG t2:e:eot.
z
; To pRy nll wnd sin~~ilu: th. co3!e, c:~a~~e~ a~d ex~eners, 1ne2u~e:+K reLwnsD{e law}-er'a ~!e~ ar.d ca+e of
- ab±:rlcts u[ t~tle, Incurre.l or pa~~l ai ar.~~ ttme by 3std ~toK~sgee Decwu~ s.~<t~or In L':e event of t2:!~ 'silu.ro
or It:P part of tre sn:~l nrt~;a~;or to d~:ly, pro:ap:ly and hilly per:orta, d:x,s:g~, exrcuta, etfect, com~le.~.
~ co~•;'~ ~+.i?_h ar.A Ruld~ '•y each n~d every tA~ ~L_aulatlona, e~reement3. con~i_'caa anQ caceaan~ o[ sa:3 ptY+r~~--
; t~:
,r n~~i?, 9.nd tri~ mort~a:;r_, any o~ r!th±-. ri: 3ald co~ts, chat~es end e~ea~:~r+, eaCh nnd every. ~1 ~.:1 ~*e 1n:-
~ mr!~aiefy due flI1~1 PNYR.Ie. K`~e4.er or noL :heeY be noi~et, demand, e:trnpt 1o collect or ~uli pendin4: a.tiJ tha
_ tuJ n~ount n! ench snd evrv r.:ch pevrt:ent ~halF bear inte~e~t trom t3tia date L~er_ot w~tU p~ld aL tAe rste o~
z :^a ,-~r cen!ur.~ p~r ar~um: a.~d a:l as!d co~L~, ehsrge~ end expen~ae w incu.-i~crf oc pw!.!„ togrther w'f:.'~ ~uch fa-
- terrs~, ehall b.? .ecvred by We lt'n of th:~ mor:yAKC.
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= a oox 258 PACE 217-