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Home My WebLink About0319 . , . and shall duly. promptly and [ully pertorm, dixhsrge, exccute, eftect. complet~ rAac?plp wnib and abide b~ each aed everv the atipulations, agmmenLs, conddion~ and covenants o[ stud prum,saory noie aad d ttm mortgag~, then this mortgage and the estate hereby created shall ceax and be null uw toid. It i~ under~tood that each ot the word.i. "note," "mortgagor" and "mortgagee respectirel~ tad t'ae pron- oun~ reterring theret0. v~?hether in the singular or plural anywhere in this mortgage, ahall be singviar if oce only and ahall be plun~l jointly and aeverally, ii more than one, and shall De ~na~culine, fcminine andlar AeuLer, v~IIer- ever the rnntext so implies or admit9. And ~aid Mortgagor for him~eff and his heira, legal representati~e~, succes~ors aad assigna„ berebr coren- ant~ aan agrea to and w[th said biortgagee. his legal repre~enta4ve~, successon and as~igas_ 'I 7. To pay all aad aingular the principal and interrst and the various and simdq ~ua» ot a~oee~ payab4 b~ ! virtue oi said promissory note. and this mortgage, each and every. pmmpUy oa the day~ rnpecti~cly the sara~ E ievetallr become due, ~ ! 2. To pay W aad ~ingulu the Wce~, assessments. leviea, liaDilities, obligatioa~ and iacumb~ ot erer~ nature and kind now on aaW described pmperty, and/or that hereafter may be impoee~, suffered, placed IeriM i or ~sed thereupon. and/or that hereatter may be levied or assesxd upon U?is mortgage aad: or tt?e ixebted- ~ ness xcured hereby, each and every, when due and payable according to Lw, betor+e tLe~ become deLLqueat, ~ and betore aay intereat attache~ or any penulty is incuned; and in ~o falr ss any thcreof is oi cecotd tbe sams s6a11 be promptl~ satistied and discha oed ot record and the onqinal otCicial docua~ent (a~ue~ a~ tar ~~~r•~ G :he tax receipt or the satis[action paper ot~cially endorsed or certit"iedl shail be placed 1n the hands of said 3[ortgagee within ten day~ next atter payment: and in the event that any t6ereof is not so paid, satis.~ed and discnar6ed, aaid Mortgagee may at any time pay the same or any part theemt vritlwut wai~ing ot at[cctins any option. Uen, equity or right under or by ~irtuP ot this mortgage, and the full aiswuat ot each and erer~ such payment ~hall be immediately due and payable and shal! bear interest from the dau thereoi ua:il paid ~ at the rate ot ten per centum per annum and together with such intere~t shaii be secured by tr.e lien of this 3. To place and coatinuously kcep on the buiidin~s now or hereafter aituate on ~aid lan8 fire aad w~ind~arm ~ ~rt~~ iawrance in the usual standard policy form, in a aum not les~ than i--.-. Maxlmum__ pauy or rnmp^nics as may be approved by sTid I?iort~a~ce; and all such insurance policie~ on an7 of ~d buitd- ings, any interat therein or part thereof, in the aR~regate aum a[orrsaid or in e:ce~s therro~ shaII oontain ths usual siandard mortqagee clause makinR the l~~~s ur.d~r ~aid policies, each and every, payable W saed 3tartga? gee as hia inter~st may appear, and each and e~•ery su~•h pol~cy shall be promptiy dcU~ered to aa~l ndd b> >aid Dlortgagee; and, not less than ten claya in ad~•an~e of the expiration of eacA policy, to deli~er to ss':d liort~ee a renewal thereof, toRether K'ILII a receipt tnr thr pr~mi~im of vurh r~newal- and thsr+e ~hall be *so sucls iawr- ance placed on any ot Qaid buildinR~, any inte~est therein or part thereot, unlc.v in the form and s~ith th~ loa~ payable as a[oresaid: and in the e~ent any sum of muney becomes payable under such pofic~ ar Fwiirie3 said t 3tortRagee shall have the opti~~n to receive and :tpply the same on account of the indeMedner secared hesrb~ or to permit ~aid MortRagor to receive and use it or any part thereot for other purpoaea rvit~rt tAereDt vesiring or impafring any equitv, lien or ri~ht under or by virtue of thi~ mortgage: and in the e~ent said ]?fort~agar sAali ~ tor any rea.sc» taii to keep the said prerpi+es 9R in~ur~d, or fail to dellver prompUy an~ ot sud potzc~a ot insurance to said I?tortgaRee, or fail promptly to pay t~illy any premium therelor. or in anp respect fail to per- ~ torcn. discharRe, execute, etfect, complete, comply aith and abide by this covenaat, or ar.f•part here~at, sa:d.atortg- ager may place and pay tor such in~uraner or any pa-t therec~t withou[ v?aiving or atfeeting anY op:ion. l:rs~ ~ equity or right under or by viriue ot this mortRa~c, and thc fuil amonnt of each and every such pay-r.?rai 3hai! De immediately due and payable and shall beer intPrest from the date thereot until psid at L'u mie of tm per ~ centum per annum and together with +uch fnterest shall be aecurcd by the lien of tbls mortgage. 4. To permlt, commit or ~uf[er no vra~te, impairment or deterloration ot ~aid propertY or an7 Pa~'t th~reo!- ~ -6. To pay a11 and aingular the co~t~, charRes and expenx~, Including rca~oaable la~rye~s fee~ and coat ot ~ ab~tracts ot title, lncurred or paid at any tlme by ~aid 1?tortgeqre becaax and/or ia the ereet ot tl~e fafhus . ~ on the part ot the said AtortgnRor to duly, ~rorr.ptly and fully ~erlorm, d~xharRe, ezccut4 eifeci, coa~~+t~te. - rnmplr with and abide by each and ev~r~ :he ~t~o~~lat+~na, egreements. eonditla~s and oo~enants of nsd promis- sory reote, and W~ mort~xge, nny nr ~ith~r, nn~l +ai~t ~~at~, ~hRrp,r dnd eapen_.r~, taeh awf rrenr, slsai! De im- mediately due and payable, whether or not there be notice, demnnd, attempt tv ~~?Ilect or snlt pead~ng: aad t2rs !LU amount ot each and every auch p~yment ahRll bear intere+t trom the date thereof untU pa!d at tt~e rste ot ~ ten per centum per annum • and wll eRtd co+ta, charRt~ and expeneea w lncurrcd or p~ to6etlser ~ItL sucD !a- ~ tere~t, ~hall Ds secured Dy the lien ot W~ morigage. ~ ~ ~ t+ R ~ 5~279 ~ 318