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and shall duly. prompdy and fulip per[osrn, dixhsrge, execute, ef[ect, eomplet~ romplp wiU and abide by euh
and avery the stipulatisns. agreements, cond?Lions and covenants oi ~.tid pmm~saory note and o[ this mortgag~,
then thia mortgage aad tM estat~ hereby crwted shzlt cease and be null ana ~oid.
It is understood that eacb o[ the word~. "aote,•• "mortgagor" and "~nortgwgee.• rcapecti~rNy_ ~d the pron.
ouns reterring theretq, whether in the singular or plural an}whe~e in thls mortgage, aRalt be aingular it one oNy
and ~hal! be plural JoinUy and severally. U more than ont, sad sha11 be masculine. t~minine and/or neuter, vrher-
ever the co~text so implie~ or admits.
Md said Mortgagor for hlmxil and Ris heira. legal npresentetive~ auccesaor~ and aaslg~u„ hereDy coven-
•nt~ anu agree~ to and with aaid Dtortgagee. his legal reprrsenWtivr~. succeasor~ and as~igtu:
'I 1. To pay all aad singular t2~e princi~al and interest and the variow~l aundry suma ot moncy ps~rablt D~
victue ot said promissory aote. aad ttda ~nortgage. each and every, prompt~.;wi the dsys re~pectively ibe sam~
~I ~everall~? becom~ du~.
u
~ Z. Tp pay aIl and ain~ular Ue ta~ces, ~tsessments, levies, liabilitie~. obll/~utiora and incumbrancp o[ eveqr
~ naturo and kind now on said de~cribed property. and/ar that hereaiter may be impoxd, sut[ered, plued, levied
~ or assessed thereupa~n,,, and/or that heresftcr may be tevied or assesxd upoa this mortgage and/or the indebted-
~ ness secured henby. eacA and ecery, when due and payable acrnMing to law. betore they become dctinquent,
and brtore eny lnterest attachea or any penrlty is incurred; and in so tar as any thereot u ot record tAe same
shaU be pn~mptly satistied and dixha ved ot record and the onginal otGcial documeat (such a~ tar [nstsace,
~ Lhe tax teceipt or the satiafaction paper ottieially endoraed ot certifiedl ahall be placed in lhe hand~ ot said
; Mortgagee within ten daya next a[ter payment; and in tAe event that any thereot is aot .so paid, satisCed snd
' discAarged, said Dioctgagee may at any time pay ihe aame or any part therer?f witbout wai~ing er af[ecting
; any opti0n. lien, equity or right under or by viKu~ of this mortgage, and the tutl amount ot eaeh and every
I such puyment ~hall be immediately due and payabte and shai! Dear intcrcst irom t2~e date thereot untit paid
at the rate ot ten per centurn per annum and to~ether with such intere~t ahall be secured by lhe lien ot thi~
~ mortgage.
~ 3. To place and coatinuously keep on the Duildin~s now or htreafter sltuate on said f3nd itre and arindstorm
~ Insurance irt the usuat standard policy form, in a sum nnt tes~ than E_..-. Ma7~imu?~?[1 1n such cora-
~ pa~y or comp^nies a~ may be appro~ed by sai~i ATnrt~a~ce; un•t nll such insurance pr+licies on any o1 ~±tid build-
~ ing~, any intcreat therein or part thereot, in the aRrrrRate aum aforrsaid or in rxcea5 thereof, a1?all contain the
~ usual standard mortqagee clause makin~ the Ic,ti~ ur.d~•r ~~?id policie~, each and every, payable to s3id Diortga-
Ree as hi, interest may appear. and eACh a.^.d e~•e:3• su~•h ~?nlicy sbnll be promptiy drli~ere.i to and held by sa~d
~ Diortgagee; and, not less ihan ten daya in adti•anre nf the expiration o! each policy, to deti~er to said ~Iort~agee
a rene~val thereof, to~ether vrith a receipt fo~ the pr~mium ot w~?oh renewwl- aad thore ahall be no ~uch insur-
~ ance pfaced on any of said buildin~~, any interest therein or part tlureot, unlea~ in the lorm and with the lw3
payable as atoresaid; RR({ in the e«nt any som ot money brcome~ p~yable under s»ch pc.llcy or pc+iieie' said
~ blortFaRee shall ha~•e the optic?n to rrce~~-r an~l apply the same an account o[ the indebtedae_u sc.-urr.! hercby or
to ~wrmit ~aid ~Iort~agor to rec~f~•~ :tnd uce it or any rnrt th!rto[ for other purpox~ without thereDv v~ayting
~ or impairin6 any equity, lien or ri~ht under or by rirtur ot tt?is mort~age: and in ihe e~ent said ??Iort~a~or shall
; tor nr.y rP:?.;na [ail to kerp the said pr?mic~s ao inaur~d, or tail to d?li~•er promptly an~ of sni.i poiic~e~ of
i lasursnce ta sa~d l~tortga~Cee, or lail promptly to pi~ [nlly any premium therefor~ or in nny reapect twil to per-
' form, discharg•~, exeeuLe, eifeci, completr, compl~ ~.tith e~d sL:d~ Dy thi~ co~enant, oc an~ part hereof~ said \iortg-
aRe• may place and pay f~r soch in~urance o~ any part therec?[ w~th~ut v~ai~ing or affect~nR anv opiion, l:Pn,
' equity or ri~ht under or by ~irtue o! lhis mortKage. and the fu1{ amount of each a~d every s~ch payment shall
M fmmediately due and pa~•able end shell bear int're~t trom tt:c dnte thetenf unttl paid wt U~e rate ot t~n Qer
centum per annum wnd tog~ther witfi ~uch interest sha)1 be ~ecured by the licn oi thb mortgxRe.
4. To permlt, commit or su[tcr ne v?a~te, impa~rmrnt or deterio:ation ot ~atd property or any part thereof.
6. To pay all and aingular tl~e co~ts, chargen and ex~•nses, tncludmg rcasonabla le«-yer'e trc~ acd cont of '
ab~tract~ of title. fncurraf or paid at nny time by l~td ~te:L~9gtt bec~use and~or 1n thr ereni oi the ti?11urs
on the part o[ the ~sid ~?~ortgaRo~ to d~~lr. prompily and ~aily peKorm, dlxhwrRe, execute, etfect, corr.pl~te,
cornply with and sGlie 1?y~ewch and ev~ry tfie ~ttpulation~, agr±emeni~, eondiUone end covenanLs ot ~aicl prc+mis-
~ory note, and this mort~Re, any or elther, ard ~~ld cnat~, char;,e~ an~ expense~, e~ch wnd e~eFy, shsll De {m-
mMint.ly dne wnr~ p~ywble, v~•heth•r ~r nnt thrre D± nnh ~r, d~:ra~d, at!~:ttpi tn cotlect o~ +~dt pend~n~: an~t the
luL amount oi eRCh and every aucn payment ehnlt baar iniezr+: iro:~ the Cste thereot untll pxid a; the rate o! -
ten per eentum per annum; ~nd all ewld co~te, therq.~ an~ expeasas ~0 lacun~ed or pald` togethr~ v~-[th auch :e-
terest, shall Ds seeurcd by tl~s Nen ot tht~ mor:gage.
E~~~263 P~f ~44 - =
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