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and ahall duly, promptly and lully perform, d~~charge, ex~cu[P, effect, cumplet~; •~omply w~th and ab~de by each ~
and e~'er~ .he stipulations, agreemrnls, conditio<~s a~~~i covcnants ~~f ~as~l pr+~m~c~ory note and ot Ch~s mortgage,
then this morigage and the estate hereby created sh.?D cease and be null anu ~•ad_
It ia under~tood that each ot the wor~a. "note," "mortgagor' and "mortRr+gee" respecti~•ely and the proa-
ouns referring thereto, whether in the s~nqular or plural anyv~here !n lhis ~nortgage, shall be singular ft one only
and shall be plurai jointly and se~erally, if more than one, and sha11 be magculine, tem~nine and/or neutrr, wher-
e~er the context ao implies or acimits.
And said Mortgagor tor himselt and his heiro, legal representatives, succesvors and assign~, hereby coven-
snta snn agreea to and with said 1?tortgagee, hi~ legal representatives, succPS'sors and assign~:
; 1. To pay all and aingular the principa! and interest and Lhe variou9 and sundry sums of money pnyable by
virtue ot said promiasory note, snd ttus mortgage, each and every, prompUy on the days re~pectively Lhe same
II eeverally become due.
f 2. To pay all and ~in~;utar the taxes, asses.5ments, levies, liabil~ties, obliRations and Incumbrances of e~•ery
~ nature snd kind now on yaid descnbed property, end!or that herea[ter may be im~osed, ~uf[ered, placed, le~~ed
I or assesaed thereupon, and/or that hereatter may be Irvied or a.cvrss~d upon ihis mortgage and~or the indebted-
I ness secured hereby, each and every, u~hen due and payable accorri~ng to law, ~ ~efore they become delinquent,
~ and before any interest attaches or any penelty iv incurred; and ~n so tar as any thereof is ot record the same
ahali be pr~mpUy satisiied and dischar~ed of record and ihe on~inal off~ciai ~iocument (such as, for instance,
:he tax receipt or the sat~staction paper ofticiaUy en~lorsed or certified) shall be placed in the hand~ ot ~aid
biortgagee v~zthin ten days neat atter ~~ayment; and in the e~•ent that any thereof is not so paid, satisfied and
dfscharged, said 1?iortgagee may at any time pay lhe same or anv part thereof w•ithout wai~zng or affecting
any option, lien, equity or r~ght under or b~• ~•~rtuP of this mortgagc, nnd the fuli amount of each and every
auch payment shall be immediately due an~i ?~Ayable and shail bear interest from the date thereot until paid
at the tate of ten per centutn per annum and t~~~eLher w~th such interest shall be secured by the lien of this
mortgage.
S. To place and continuously ke~p on the bu~ldm;;s now or hereatter attuate on said land fire and windstorm
lnnurance in the uGual standard p~li~y :orm, in a ~urn n~t tess than = . _ in such com-
pany or comp^ai~s as may be a~~pr~ved by sa:~l ~Inr!y;a;-~~e: ami 11! such insurance policies on any of said build-
ing~, any interest therein or part thereof, in the a~cr.•kate sum aforPaaid or In excess thereoi, ~hall contain Lhe
usual s:sndard mort~;agPe rlat~se mak~n~ ltie l,~~s ur.drr said policies, earh and every, payable to said 1ltortga-
gee as his ~nterest may appear, and each anJ e~•P, su~ h~l~cy shall be promptly delivered to and held by said
I?fortgagee: and, not less than ten days in ad~anre of the expiration of each poticy, to deliver to anld btortgagee
a renewal thereof. toRether v~iih a receipt tnr thP prPmi~sm ~f au~h r~newal: and there ahall be no such insur-
ance placed on any. ~aaid bwl~iin~s, any ~nterPSt therein or part thereot, unless in the form and wtth the loss
payable as a[oresaid: an~Ttmche eeent any sum of money bernmes payable under a~ich policy or ~licier said
Mort~aRee shall ha~•e the opiinn to recei~•e and appl}~ the ~mP on account of the indeDtedness secured hereby or
to permit said Siort~a~or to rpcei~~e and u~e it or any rart thereof for other p:irposes without thereby wai~ing
or impalring any equity, lien or nRht under or by ~•irtue of ttiis mortgage; and in the event seid Mortgeg~r ehall
for any reasoa tail to kerp the ~aid premw~s so inaumd, or fail to deliver promptly any of said policie~ of
insurance to said rtortgaR~e, or fail promptly to p~y Enlty any premium therefor, or in any respect fail lo per-
form, dischar~e, execute, etfect, completP, comply ~~-ith and abi~le by this co~•enant, or any part hereof, aaid biortg-
ageP rnay place and pa_y for such insurance or anv part ihereof withnui v~aiving or atfecting any option, li~n,
equity or ri~;ht under or by virtue of this mortRa~e, and thc full aq..,unt o[ each and every auch payment shall
be immedistely due and pa~able and shnll bear intorest from the date thereo[ until paid. at the rate o[ ten per
centum per annum wnd toRether with ~uch interest ~hall be aecurcd by the lien of thls mortgage.
4. To perm7t, commit or n~ffer no wa~te, impairment or deterioratfon of said property or any part thereot.
6. To pay all and ainRular the costa, charRes and expenaes, including reasonable lawyer's tea~ and coet ot
abatracte o[ title, tncurred or paid at any tlme by safd Mortgngee becauae and/or in the event ot the fallure
on the part o[ the safd Mortgagor to duly, promptly and Nlly pertorm, dlacharge, exec'ute, effect. complets.
comply with and abfde by each and every the atipulations, agreements, cor:~tlons and covenante oi said promis-
wry note. and Wa mortRage, any or elther, Alld'Ald C09~, chargea and expenses, each and every, shsll be Im-
medjntely due and payable, whether or not there be notice, demand, attempt to coliect or sult pending: and ths
fWl amount of each and every auch payment ahall bear interest trout Ne date Wereot untll pald at the rste of
ten per centum per annum; and all satd costa, charges and e:pease~ so tncurnd or paid, Wgether with suc6 in-
terest~ ~hall bs eecured Dy the Ilen ot Ws mortgage.
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~ BOOK ~5S PAGf 513