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and shall duly, promptly and fufly perform, discharge, C%fC11~P, e(tect, complet~, comply w~th and abide Dy each
and e~~ery thc st~pu:auons, agreements, cond~t~o:is and covenants oi sa~d prurn~s~ory note and ot this mortgage.
then ttu~ mortRage and the estate hereby -created shall cease and be null ano void_
It understood that each ot the word~. "note." "mortgagoY' and "mortRagee" respectively and the pron-
oun9 referring thereto, whether in the sinqulnr or plural an~~uhrre in thts mortgage, ~hall be singular it one oNy
and ~hall be plural jointly and severally, if murc thxn one, and sh:tll be ~nn.gculine, [em~nine and/or neuter, wher-
e~•er the context ao implies or admits.
And ~aid Mortgagor tor himsetf and his heir~, legal representatir•es, successors and a~.signe, hereby rnven-
' ant~ ana agree~ to and wzth said biortgagee, his legnl reprrsentatives, successon and a9signa:
1_ To pay all and ~ingular the principal and lntereat and the various and aundry suma ot money psysble by
j vjrtue ot said promissory note, and this r.~orLga~e, each and every, prompUy on the daya reapecUvely the aam~
aeverally become due.
2. To pay all and ~ingular the t~xes, asses~ments, le~ies, liabilities, obliFat~one and incumbrances of every
nnture and kind now on said descnbed property, and %or that hereatter may be imposed, auffered, placed, levied ~
or assessed thereupan, and!or that herea[ter mxy be le~+ed or as.w•s.9ed upon this mortgaqe and/or the indebted-
ness secured hereby, each and e~•ery, K~hen due and payable according to law, be[ore they become delinquent,
and before any interest attaches or any penalty ~s incurred; and in so far as any thereof i~ ot record the same
shall be promptly satsstied and dischar~rd of record sind the on~nal of6cial document (~uch aa, for iiistanee, ~
J?r. tax receipt er the satisfact:on paper oft~cially emior~d or certi[~ed? ~hall be placed in the hand~ ot said .
~Sort~agee v~~thin ten days ncxt after rsymrnt: and in the e~•enl that any thereoi is not so paid, satistied and _
discharqed, said ~iortga~ee ma}~ at any time pay the same or any part lhereo[ v~•ithout wai~~ng or af[ecting
any op[ion, lien, equity or riRhi under or b)• ~'~rtuo of this mortgaRc, eind the full amount of each nnd every ~
such pa}ment shall be immediatPly due an~f ~~ay:~b~c and shal! bear interest [rom the date thereo[ untfl paid
at the rate of ten per c~~nturn per annum xnd t~~~eth~•r v~zth su~h interest shalt be secured by the lien of thi~
mortgage. ;
S. To place and contmuously keAp on the bu.i~i~n~a now or hereafter aituate on said land tire and windstorm ~
insurance in the u~ual standard pnlicy f~rm, in a~m not less than s.....Nf
.f.~'- in such com- 4
pany or comp^ai~s as may be appro~~rd b} cai:l :?1:rrt~;n~~e; umi all such insunnce policies on ~+1y of aaid build-
ing~, any intereat therein or pari thereof. in the a~~n~~ate sum aforPSald or in excess thereof, ahall contain the
usual standard m~rt~xqee ~Iause mak~nR t1:e 1~~~~ ur.~i~~r sa~d policie~, each and every, pdyable to said Alortga-
gee as his interes: may appc~ar, nn,i each ar.d P~~~r~~ su~~h pnlicy ahall be promptly delivered to and held by aaid t
btort~aRee; and, not less than ten days in Sd~'Anrg of the vxp~raUon of each policy, to deliver to sald Mortgagee ~
s rene~val thereof. toQether w•ith a re~eipt t~r thP prPmium ~f qiirh r~newal: and thpre ahall be no auch 3nsur-
ance placed on an~ M said bwidin~s, any ~nterest ih~rein or part thereof, unleas in the form and wlth the loss
payab:e aa aforesaid: and in the e~•Pnt any ~um of mnney become~ payebl~ under ~uch pollcy or poUciea aaid
Mort~:a~ee shall ha.•e the opli~m to r~cei~'e and a~ply the samP on arcount of the indebtedneas secured hereby or
to Ewrr~~it said MorteaRor to re~ei~•~ 1nd u~e it or any pArt thercot for other purpose~ without thereby wnivfng ~
or impairing an~ equity, Ifen or r~ht under nr by ~•irtue of this m~rtgage: and in the event ~aid Mortgagor s~hall
for ary rP:iso? [ail to ke~p the Qairf prem~v~s so inQumd, or fail to deliver prompUy any of s8id policiea ot
insurance to sa~d Di~rtgaR~e, or fail promptly to ra~• tully any premium therefor, or in any res(?eCt tsU to per-
torm, d~4char~e, execute, eifect, complete, comply u~th and nbide by thin covenant, or any part hereot, said Mortg• `
aReP may place and pav for such inaurance or xny part thereot withnut v~aiving or affectir~ any option, lien,
equitv or nRht undcr or by virtue of this mort~aRc, anJ th~ [all amount o[ each and every auch psyment ahaD
be immediatety due and pa~•able and shali bc~ar intPrest trom the date thereot untll paid at the rate ot ten per
centum per annum and together with ~uch tnterest shajl be aecured Dy the lien of this moctgage. ~
4. To permlt, commit or ~uffer no N•a~te, impairment or detertorstion of safd property or any part thereM. ~
6. To pay aU and ainKvlar the costs, charqes and expenxs, including reaaonable lawyer's feea and caot ot
ab~tracta o[ title, fncurred or paid at any time by aaid Mortgagee because and/or 1n the event ot the taliurs
on the part ot the ssid MortgeRor to duly, promptly and fully periorm. dlscharge, ezecute. ettec~ complets.
comply with and abfde by each and every the atipulations, agreements, conditlons and covenanb of eaid promis-
sory note, and thi~ mortRaRe, eny or either, and ~xfd co~ts, chsrges and acpenses, ench and every, shall bs Im-
mediately due and payabie, whether or not there be not~ce, dcmand, attempt to colkct or sult pending: ~d ths
hill amount ot each and every auch peyment shsll bear intereat from ths dste thereoi until pald at the nte ot
ten pe~ centum per annum; and all aald cosb, charges and expensea w lacurnd or patd, together wlth such tn-
terest, ~haD be secured by ths ilen ot W,~ mortgage.
~~~:FK 2~~ PAr,E 6JO ~