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Home My WebLink About0929 ~ ~ - ~ , ; . . ~ i and shall duly, proniptlr and tu11y perforn~, d,+scharge, execute, eftect, complet~, ~mpir wtth and sDide bp each and cvery the stipulatiotu, abreements, cond~tion~ snd covenants of aaid prom~s~ory note nnd of thi~ ihortgage, then this mortgage and tbe estat~ hereby crated shall ceax and be null aiw ~oid. ~ It b underatood that eacD ot the words, "note," `mort a or' and "moR " I~ 8 8 gagee re~pectlvely ae~d the pron- I ouns teterring ttiereto~ whether In the singulat o~ plura! anywhece in thb mortgage. rhall be aingular it one only- and shall be plural jointly usd severally. it more than one, and shall De maxuline. teminlne and/or neuter, wher- i ever the context so implies or admtts. ~ Md aaid Mortgagoc for him~elt and his hei~, legal representative~. succes~on and as~gn~, hereby coven- ants sua agrees to and with said Mortgagee, his legal seprrsentativr~; succe~on and aaaign~: . ( L To pay W aad singular the principal and intenst and the variow and sundry sum~ ot money psyaDle b ~rirtue ot said promissory aote. and thia mortgage. each and every. prompUy on Ne day~ reapec4vely the asmi I ieverally becoms du~, i ~ 2. To pay a11 and sin lar the taxe as~essments. levie~. 1[sDiliti i S~ cs. obliRationa and lncumbrances ot every j nature and kind now on said described property. and/or that Derea[ter may be imposed, sutteetid, placed. levied or asse9sed thereupon. and/or that hercatter may br Irvied or e~sses~ed upon this mortgage and/or the indeDted- i ness secured hereby, each and every. when due and payable acrnrding to law, betore tl~ey become delinquen~ and betore ~ny intereat a[taches or any penulty i9 incuRed; and in so tal4~ as any thereot i~ o[ record the sam~ shall De promptly aatistied and discharged o! record xnd the oriRinai afficial document (auch a~, tor i~~tanc~ the tax receipt or the satL~taction paper otlicially en~lo~sed or certilfedl shall De placed !n the hsnda o[ said ~ Mortgagee within ten day~ next aftec payment; and in the event that any thereot is not ao paid, aaUs[ied and E diulurged, said Mortga~te msy at any time pay the same or sny part there~+[ v~ithout wai~ing or af[ecting ~ any opti~n, lien. equity or ~ight under or b~ ~~rtue o[ th~s mortgage, and the fult amount o[ each and every such payment ahall be immediatcly due arut payable and shail bear interest [rom the date tRereof until paid at the rate ot ten per centurn per annum and togeth~r with such intere9t shall be aecuced by the liea ot this ~ mortgaga S. To place and continuously ke~p on the bu~id~n~a now or hereatter altuate on said land fire and windstorra ~ lnsurance in the usual atandarA ~olicy (orm, in a~um not les~ thntf =...~~lIDLUA In such com- ~ pany or comp^nics as may be wpproved by sai.l 1?Tort~a~ce: an~i nll such insur.?nce paliciea on t?ny ot anid build- ~ Ings, any Int~reat therein or part thereot. in the aR~rz~;ate ~um aforr.xid or in exce~s thereof, ~hall contain the usual atandard mort~Rgee clause making the 1~~!~~ ur.d~r sa~d poTicie~, each and every, payabie to said I?tortga- ! gee as his interest may appear. and eRCh ar.d e~•~:y seu•h pnlicy ~hall be promptly dMi~ered to and held by aaid ~ blort~agee; and, not les~ than ten day~ in adr~n~e n! tl~e.expiration of each policy, to deliver to swid biortgagee ~ a renewal thereof, toRether v~ith a receipt f~r th~ pr~mium of rtnfi rrn~wal; and th~re ahull be no such insur-. S ance placed on any uf said builclinR~, any ~nterrst thrrrin er part tliereot, unlesa in the torm and wfth the 10+3 F payable aa atoresaid: and in the e~•rnt any aum of mc~ney b~come~ p~ya~le under such pollcy or policie~ said i 1?Sort~agee shall have the opti~~n to receive and ~pply the same on account ot the indebtednes~ se~ured hereby o~ E to permit said btortgagor to recefv~ ,nnd uce it or nny part ihereot lor other purpo~e~ without thereDy a•xiving ~ or impairing any equity, lien or ri~ht under or by ~•irtue of tbi9 mortga~e; and in the event said :?tortgaKor ~hall [or any rPaso~ fail to keep the aaid pr~mi~Ps so ingur~d, c?r fail to deli~er promptly any of aaid pol~cie~ of Insurance to ss~d atnrtgaKPt, or fail promptly to p~y tully any premium therefor, or in any re~r~ct tnil to per- torm, d~~char~e, txecute, ettect, tomplet~, comply wi[h and abi.lr bp thia covenant. or an~ part hereo[, aaid \iortg- sgee may place and pay for such in~prnnce or uny part ther~of without waiving or a[fer_tinf; any opii~n, l~rn, equity or nfiht under or by ~irtue u: th~~ mnrt~a~;~, anJ Iho [ull :?ryiount of each and every such pnyment ahzll be lmmediatPly dne and payable and shell Dear ~nsNrest from the date therPO[ untll plid at the ~a.e ot tcn per eentum per annom end together with Puch Interest ahall be ~ecured by the lien ot Lhl~ mort~a~e. 4. To permlt, commit or au![er no a•~+te, impairment or deteHoration ot aald property or any part thereof. ~ 6. To pRy al! and rlnRula~ t?u co~t~, char~e~ end expenx~, i~cluding rea~onabte lawyer'e [ee~ and co~t ~t aD~!rnct~ of titlr, Incurrnf or paid at any tlme by ~afd Aiortg~~ee h~cau~e andior 1~ Zhr ev~nt of the fall:~re on the pairt :he swid btort~e~;oc to d~ily, promptly end tully peKorm, dlxha:ge, ts.•etite, etfeet. com~ lete. ~ comply aith and eblde by each ~nA ev.ry the ~tlpnlat~nn., e~?reem!nb, ~nndittom r.r.d cav~r3nt~ ot ~nsA pmnUs- sory nnte, nnd ~h~e morty,ep,~, wny or eith•r, ~n.f ~~Id charge~ nnd ea~n.~,, e~ch sn~l ev~ry. ~hRll be Ira- tnedintely due r.nd p~ynble, whether nr n~t thrre Dr noUc~, dcmand, sttempt to cotlect or ~ult pending: and ths NL amount of each anA every ~ucA psym!nt ~+h~ll b•nr inter~.t from the date LAereot untfl pa!d st th' rete ot ten per centum per einnum• an~ ali e11d co~ts, thRrg~~ and experue~ ~o tncurned or pnl~. together wfth auch 1n- teres~, ~hW be aecured by the Iten of thl~ mortgage. a~x ~ , ~ ~ ~~7 9~7 ~ _ ~ _ . ~ , ~