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referring thereto, whether in the singular or plural anywhere ~
in this mortgage, shall be singular if o~e only and shall be
plural jointly and severally, if more than one, and shall be I
masculine, feminine and/or n~uter, wherever th~ context so implies '
or admits. The word "collateral" shall mean all interests and
properties encumbered hereunder.
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And said Mortgagor for itself and its succESSOrs and
assigns, , hereby covenants and agrees to and with said Mortgagee,
his legal representatives, successors and assig~s:
1. To pay all and singular the principal and interest
and the various and sundry sums of money payable by virtue of
said promissory note, and.this mortgage, each and every, promptly
on the days respectively the same severally become due.
2. To pay al-1'and singular the taxes, assessments,
levies, liabilities, obligations and incumbrances of every nature
~ and kind now on said described property, and/or that hereafter may
be imposed, suffered, placed, levied or assessed thereupon, and/or
that_hereafter may be levied or assessed upon this mortgage and/or
the indebtedness secured hereby, each and every, when due and {
payable according to law, before they become delinquent, and
before any interest attaches or any penalty is incurred; and • y
insofar as any thereof is of record the same shall be promptly~
~satisfied and discharged of record and the original official
document (such as, for instance, the tax receipt or the satis-
faction paper officially endorsed or certified) shall be placed
in the hands of said Mortgagee within ten days next after payment;
and in the event that any thereof is not so paid, satisfied and
discharged, said Mortgagee may at any time pay the same or any
part thereof without waiving or affecting any option, lien, equity
or right under or by virtue of this mortgage, and the full amount
' of each and every such payment shall be immediately due and
~ payable and shall bear interest from the date thereof until paid
~ at the rate of ten per centum per annum and together with such
E interest shall be secured by the lien of this mortgage.
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€ 3. To place and continuously keep on the buildings now
~ or hereafter situate on said land fire and windstorm insurance in
the usual standard policy form, in a sum not less than the highest
insurable value, in such company or companies as may be approved
by said Mortgagee; and all such insurance policies on any of said
buildings, any interest therein or part thereof, in the aggregate
sum aforesaid or in excess thereof, shall contain the usual
~ standard mortgagee clause making the loss under said policies,
each and every, payable to said Mortgagee as his interest may
appear, and each and every such policy shall be promptly delivered
.to and held by said Mortgagee; and, not less than ten days in
~ advance of the expiration of each policy, to deliver to said
~ Mortgagee a renewal thereof, together with.a receipt for the
~ . premium of such ~cenewal; and there shall be no such insurance
~ placed on any of said buildings, any interest therein~or part
~ thereof, unless in the form and with the loss payable as aforesaid;
~ and in the event any sum of money becomes payable under such policy
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