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_ and sha11 dctly. promptly and fully pertorm. dixharge, execute. eltect, complet~, .:omply wittt and abids Dy cach.
and everv the stipllation~. ab~reement~. condition~ and covenants of said prom~ssury note and of Lhi~ ~hortgage.
then thi~ rnortgage and Lhe~-estate hereby cnated shaU ceax and be null and void.-
It i~ underatood that eacD ot the ~vonl~. "note,° `mortgagor^ and "mottgagee" respecti~ely and the proa-
ouns reterring thereto, whrther in the singular or plura~ ariywhtre in th19 mor[gage, ~t~all be singular i: one only-
and sha11 be plural jointly and severally. it more thas~ one, and sha11 De masculine, leminine 8nd/or neuter~ v~her-
e~er the context so [mplie~ or admib. .
Md aaid Dfortgagor ior him~eit and hi~ heir~, leoal representati~ea, ~ucce~sor~ and es9igcu, hereby covea-
anL~ ann agre~ to and with ~aid Diortgagee, his IegaJ repreaentatives, succes~or~ and as,igns:
I 1. To pay ell and ~ingulas the prtncipal and ir.tere~t and the vatiow and sundry suma o[ money payaDle Dy
virtue oi said pror.ussory not~. aad this mortgage, each and every. promptly on the day~ re~pec4vely the sacne
~evetaIIy becoms dus. -
~ Z. To pay all a.nd ~ineular the ta.te~, asr_ssmen!s, levie~, liabilitin, obligation~ and lncumbcancea ~o[ every
nature and kind now on aaid de~cribed property. and/or that 1~erea[ter msy be Impo~ed, sut[ered, placed, levied
or asse»to thereupon, and/or that hereatter may be levied or asseseed upon this mortgage and/or the indebted-
i ness secured hereby. each and every when due and payable according to law, befoce they become deli:tqueqt„
' and betore any intereot attache~ or any penalty is incu~red; and in sa falr a~ any therrot i~ o[ record Lhe same
R shall be prompily satisfied and discha oed of record and the original o[tlcial document (such s~, tor instance,
~ :hr tax receipt or the satisfacGon paper o[Ccially endor~ed or cectitied) ~halt De placM in the hand~ of said
I~tortgagee within ten days next aite~ payment; and in the event that any thereo[ is noi so paid, sati9[ied and
~ discharged~ said blortgagee- may at any time pay the sante or any part LherMt v~-ithout tvaitiino or alfeC:ia~
a^y optiD~, l:en, equi[y or right u~der or b~ ~-ir;u~: ot this mo::aaoe, ~nd the tut! anount o! e3zh azd eve-~
suc:~ payraent shalt be imrrted~ately due an~ payable anJ sh:?Il bear interes[ [rom the ~late the:'of t~n[ii p~id
at the rate ot ten per centurn. per annum and tooether wilh such intere't 9ha11 b~ secureci by the l:rn ot thiu
mori~age. ~ ~ "
3. To place and continuously kerp on the buildin~s now or hereafter sltusteon said land fire and ~vindsto:~
L-~urance in the usual sLzndard Folicy form, in a sum not tes9 cn~n S_.____Maximum_ In such corn-
pany or cn:nD'a:cs as may be app~oved Dy sai~l D!ori;;a~ce; anrl all such insur..ncr paiir.o~ or? n.~y ot s3id bui?d-
ir~~n, :±ny in!ere~: t2:rcein-or part there~f, in [h• S,^,~rt~~x±e ~um ator~~aid or in exceys th~reo.', si~t! co.^..ain it~~
u~aizl s:a~darci mort~agee c7a~se makin~ the lu~s ur.d~•r 9:tid jlOl~C1~9, each and every, payablr to saiJ biorto~
~ee ~s hii interesl may apprar, anJ each ar.d e~•e:y st~r•h pn{icy ahzil be promptly deli~ered to and heid by said
Dlort~;agee; and, aot lesa than ten days in ad~•anre nf th• expiration of each E?ol:cy, to deliver to s:?id I~ior[gagzn
a rcnetva) th~reot, to~ethtr ~•:ith a receipt tnr t`~P,prrmium ~f ~~irh rrn~wal; an~i therc 9h:~11 be no SuCh insu--
ar~ce ptaced on ~ny of said buil~:ir.;;~, any interrs[ therrin or par[ thera•of, unles9 in the torm nnd wit'~ the J093
~ r:syable as 8(oresaid; and in the e~~nt :v~y sum of money become~ payable under s~~ch policy or policie~ said
D:ort~;a~ee shall have the opti~m to receire and apply the ~~me on account of the iadrb!e:Tne~~ seccre~l- hereD~ or
~ to prrrtiit szid T.tortFa~or to reeeive and u~e it or any p:?rt therco! for otF.er p:irro9av ~,:ithuut thar~by ~~ai~:ng
or impairi~;; any equity, lien o~ ri„F.t under or by ~'irtue of ti~i9 mor[ga~e; anJ in the c~ent snid ~tort~a~o: shall
~ f~r Rny r~aso~ tail to kp~p the said pr-~misPs sn incurc~t, o~ tail to d~•ti~•cr pro:~~tly nny of ss~id policic9 0!
in :urznce tn s.u.! '•inrt~aK~e, or fail promptly to p:~y [~~lly any preminm thercfor, or in eny rey, ~ct SniI to pe: -
[orm, d~sch:?rFr, rr.ecu,e, e[[ect, completr, co-r.ply ~s-~[h an~l ebi.l•~ D~ thiy co~ennnt, or an~• part hereaf, s1i:1 ~!ortg-
~ agr~ rttay plsce Rnr1 pay lor such invura~c~ or any F•art thrrec~f ~iithnui k:iivin~ ur nL`eetinF; rny o~:ian, L•~~,
eryuity or r.s;ht undr~ or by cirtue v.' this r:~~rtha;;c. :tnJ tht• [~:ll aq:o;int of e:ach an~l every s~~cA payra~^t ahaU
~ De Immed~a!rty c'.u~ nnJ pa3-able wnd shail Lre~r in'••rr~t trom the dnte thr.cof untU p_ii~l nt t'~e rate oC tra per
centum pPr xnm~m and t~gether ~~ith •uch Interest ~hall be aecured by the lien of thl~ mo:tge~r.
~ 4. To prrrnlL, cor^net or su!frr no ~ro+:r, irr.j~airmrnt or r..~rlor:?iion ot aald pro~e:ty or any plrt tl~rreo.•_
~ -6. To pi~ ell nne! ~inp,t~2ar ihe co~ts, charre~ nnd e~,?n~~+, includ~ng rertvonsbl~ l~~n-Se~a f•rri artd eo-+t of
a..a!r. rt~ ot h!Ir, Incurr.~l or paid Rt eny tlme hy aald .'•In::~;a~ brcnwe and~or li Lhr even•. o: :he !q1!sre
~ o~ tho psrt uf 'he ~nld blortF~e~;nr t~ d~dy, promp.ly an.i l~:~!y p+rfnrm, d.echa~s~r, e.xrc:t!r, ~N..ci, co:nt te!~.
~ tompl~ ttiith am! nblde by F:?c1 en~i r~~ry th~ sUpulai,~n~, a~n•rme~i~, t'Ond:tlon~ rr.d ea~~rar.~~ ot ~a:d prnrtv9-
~ory n~.e, rtn~t thi~ mortj;a~,~, nny or eith~r. wa~l +~I~f ~n.?~, cnarr~. nnd e~+~n•.., ench and evrn. .hsl[ Dr In-
t~.rlintely d~:~ [.nd payable, wheth~r or not thrr~ De no!~c~, drm~wd, n:trmpt to eo:t.ct or ~utt prnd~n;~; nad L~a
~ ttiU wm~u~t ut rnrh xn~t ev._ry +;~cA par:~t~nt sTRll brar iat~rr±t trom thn datw th~reof uniil p1!d at th~ rn:~ o!
t?n per c~n!u:n p~r nnnur.?; nn~f a:l ~~!d coi:~, et~;~F;e~ a~d rx;»~r_,-~ no Incurred oc psle2, t~~~;r:her v?-i•~ slcn in-
~ tcre~t, she21 t.~ nrevred Dy th~ Il_n ot ti:!3 r..or:~a~e. ~ R
~ li00K 282 PAGE 1~
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