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fOR 1~AWE RECEIV~ 1M ~ ~A...!(~~4 . .
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at ~M nN ~f .....10_ M? Nr a~w~ e~ th~ ~n'aid balanc~ wNil iaatwity. TIN wN ~MI a~ iM~N ~
w dw Md payabN as h11sMr~
g191.61 a month the liret pe.ym~ent being due one month lrom the datT~asoMn
e:brnre, and aont~nue for eaoh month theree.iter until paid in full.
~ 3um Q~' `~1°1.63 paid each montb ehall~eiobli etion.ltrh~.B notee~
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tre psid at~any time~ wit
out penalty. E~
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and shall dul prom tl and tull rtorm, d~achar e, execute, ettect, com let~, rom 1 with and abide b esch ~
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and every 1he st~pulationa, sgreements, cond~tion9 and covenants of sa~d prum~ssory note end of this mortgage.
then this morigage and the eatate heceby created sh:?11 cease and be null and ~•ouL -
It i• underatood that each ot lhe worJa. "note." "mortgagor" and "mortgagee" reapecUvely and the pron-
ouns rnfernng thereto, whether in the sinqular or ptura! anywhere 1n lhl~ mortgage, ehall be aingular ft one oNy
and ahall be pluml }ointly and xveraliy, i[ more than one, and sha11 be ~nw.qculine. [eminine and/or neuter, wher-
ever the context so impl~ea or admita.
And ~aid Mortgagor for himself and hia heirs, legsi representative~, succes.wra and ~igns. hereby coven-
ants ana agree~ to and with aaid ~tortgagee. hia legxl representative~, successor~ and aa+ign~:
; 1. To psy W and singular the principai and intereat and the variou~ and sundry aum~ ot money payable by
virtue o[ said promissory aote, and this mortgage, each and every. prompUy on the days re~pectively the sams
j severally become due. -
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2. To pay all and singular the tsuce~, dsses.•ment~, levies, liabilitie~, obli~ation~ and fncumbrancea ot every ~
~ nature and kind now on said deacribed property, and!or that hereafter may be impo~ed, suttered. placed, levied ;
~ or asse~sed thereupon, andlor that hereatter may be lev~ed or asae~led upon this mortgaqe and/or the indebted- '
ness secured hereby, each and e~•ery, when due and payable according to law, before they become delinquen~ <
~ and betore any interest attache3 or any penalty ~s mcurred; and in so tar as xnv thereot is of record the sams ,
ehall be prumpUy satisfied and discharged of recoM xnd the onRinal o[f~cial document (auch as, tor instance, _s
•he tax receipt or the satia[act:on paper of[icially endorsed or certif~ed? ahall be placed In ihe hnnda ot aaid _
~ titortgagee w~thin ten day~ neat after payment; and in the event thnt any thereof is Dot so paid. ~atisfied and
~ discharged, said 1liortqxgee may at any time pay thP sanie or any part thereM w-ithout wai~ting or af[ecting _
any option, lien, equity or r~qht under or by ~~~rt~~~ of th~s mortgaR~, and the fuli amount of each and every
auch payment shall be immediately ~lue an~1 pay:~A:e and shall bear intemst lrom th~ clnte thereot until paid
~ at the rate of ten per centurn per annum and t~~~eth~r u~th such interesl shall be secured by the lien of this
mortgage.
3. To place and conUnuously ke~p on the bu:ldin~a now or hereafter aituate on said tand fire snd windstorm
lnsurance in tT?e usua! standard policy f~rm, in a sum not les9 thnn t -r~~~ 1n such com-
pany or comp^~ics as may be apprc~~~ed by cacd 1?turt;,•a~~•e: ami all such insur.~nce policie~ on any ot snid build-
ings any intereat therein or part thereof, in the s~rr~•~;ate sum aforp?aid or in excess thereof, ~hall contain the
usual standard mort~agpe ctause maktnR the 1~~.1 ucd•~r szid pol~c:es, each and every, payable to said 1?iortga-
gee as his interes2 may appear, and ~nch ar.~l P~~Pry sei~ h pul~cy ~hall be promptly delivered to and held by eaid
1liort~{agee; and, not less than ten days in adt•anre ~f the Pxpir~t~~n of each policy, to dellver to tnid btortRaRee
a renewal thereof. to~ether v~ith a receipt f~r thP prPmwm nf an~h ~~ncwal: and there shall be no such insur-
ance placed on any ot said bwldinK~, any mterest th~rcin o~ pnrt thereot, unles~ in the form and with the loss
pa~able as a[oresaid: nnd in the e~•Pnt any aum of mnney becomes payable under ~uch pollcy or poticiea said
Mort~;aRee shall ha~•e the opti~~n to recel~•e and apply the axmP on account of the indebtedness secured hereby or
to permit 9aid Mort~aRor to reeeh•P nnd use it or any part thereof for other pur~w~es without therebV weiving
or impairinq any equity, lien or ri~ht under or by ~•irtue of tl~i9 mortgage: and in the e~ent said MortgaKor ahall
~ for any reaso~ tait tn kePp the sai~t prnm~.~~3 SA ineur~d, or fail to dellver prompqy nny of said policiea of
insurance to sard ~inrtgaRee, or faii prompUy to p~~ fnlly :u~y premium therefor, or m any reapect fail lo per-
~ form, d~schar~e, exe~ute, eftect, complete, comply «~th anci aAide by thia covenant, or anp part hereof, aaid Mortg-
aReP may place and pay tor such in.urance or any part thereof withnut veaiving or atfectinq any option, liPn.
equity or nqht under or by ~•irtue o! this mortRaRP. an~l the fuU nmount of each and every such payment shaU
be Immediately due and payable nnd shail brer mtPrest from the date thv~et until paid at the rate of ten per
centum per annum and together with ~uch intere~t ~hall be aecured by the lien ol thfs mortga~e. .
To permlt, commit or ~ruffer no a•a~te, impairment or deterloration ot aafd property or any part thereof.
6. To pay all and sinRulsr the co~t~, chargea and expenxs, including reasonable lawyer's tee~ and cwt ot a
ab~tracts of title, incurred or paid nt any time by ~ald l?iortgaRee because and/or ln Lhe event ot ihe fallurs
on the part of the ~aid MortgaRor to doly, promptty and fully perform, dlscharge, ea[ecute, e(fect, complete.
comply v~~ith and aDide by each nnd every the stfpulations, agreements, conditlons and covenants o[ ~a~d promis-
~ory note, and this mortRage, any or efther, and sxfd costa, charge~ and expenses, each and every, shsil be !m-
mediately due and payable, whether or not thare be not~ce, demnnd, attempt to collect or ault pending: and ths
iWl amount o! each and every such psyment ahall besr intereat t~om Ns date thereot unUl pald at the ~ste of
ten per centum per arttium; and all anld coats, chnrges and expense~ w lncurn:d or patd. Wgether wtth eucb in-
terest~ ~hall bs ercurcd by the llea of thli mortgage. ~
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