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Home My WebLink About0549 , . ~ - - . . ~ ~ ~ . : - ~ . . . , ; ~ • _ - _ . . - i : , . . ~ . • ~ ' . ~ - . . and ahali duly, proaiptly and tull~ pedortq. dixharge. exeeute. eftect, compTet~, ~rrroly wi W and abid, ay - and evesv tt~e stiputations. a~-reem~nL~. oonditions and covenanLs oi said prom~swry note aad ot t2~ ihortgagq t2~en thi~ tnortgage and ths eatat~ hereby created shall cease and b~ null and ~oid.- - ~ It i~ underatood that eacb o! the word~, "note." 'mortgagcr" and "mor~gagee" n~pectirety tnd the ptoa- ouns teterting thtretor whrthes in the singular os plur•ri anywhere in thb mortgage, ~2?aJi be singular 3! one only- ' snd shali bs plural jointty and sevecally, it more thaa one, snd shall be masculin~ ieminine and/or neutet, wher- c~ er th~ conj,~cC so implie~ or admiLs. ' ~ ~ . Aad satd Mortgsgor for ldmsel! and hia heir~, tegal rrpresentatl~e~ anecce~or~ and aa~ige~, hereby covea- snt~ ana agre~e~ to and with said Diorigage~, his legal reprasentaLive~, succeaaon and asvgn~: 1. To pay all and nia,guhr tks prtncipal and fittere~t and the varlow aad sundry aum~ of money payabit by ' virtne oL said pcomisaoe~r aota~ aad thi~ morigage, each and every. Promptly on the day~ se~pec4vely the sam~ ; ~ aeverall~? Dacom~ du~. k 4. To pay sSi aad siagvlsr the t~ucea, auessmcnis, levie~ liaDilitie; obti~atIon~ and incumDrance~ ot ever~ nature and kind now on satd dacriDed propeKy. and/or tAat hereattee may ba ia~poaed. autfered~ placed, Ievied ~ or assea~eo thereupoq and/or that hercatter tnay be levied or assessed upon this mortgage andlor tl~e Indebted- ' ness secured heteby. saen and every. when due and payable accoeding to law. ~ Detore they become delinquent~ ~ and betore any Intereat sttachp or any penxlty Ls incurred; and in so fa~ e?~ any theeeot i9 0[ record the sains ~ shall be prompily satisCied aad disc~sr~ed ot record a,nd the original otficial docuine~tt (such zs, tor instauc~ :he tax receipt or the satis[action paper oiticially en~orsed or eertlfied) ahall De placed in the nand~ ot satd ~ 2?tortgagee within ten days ne~t a[tee payment; and ih the event that any thereof is not so paid~ sati~ted tnd ~ discharged~ said Diortgsget• rciay at any 4me pay the same or any part tAere~+[ v~-ithout waiti-i~ or at[ec'•iag ~ any opLiDn, leen, equity or sight uadrr or Dy ~ iriu~ oi this mortgage, end the fuit amount o[ ezch and eve,y ~ such paymelt ~ball be imrnediatrly dut and rayrable Sn~ shalt bear inte~t trom the ~late theceot until paid at the rate of ten per centurn per annum and tovetrrr with such intereat ahall be secured by the lien oL this ~ T.lortgage. • ~ • ' 3. To place and eontinuousty ke~p on the buildin~a now or herea![er altuat~oa ~aid iand Cre and tvindstor.~ Lvucance in the usual standard ~olicy torm. ~n a sum not les~ than s..... MaYimt~m .r~~ in such eo~a- paoy or comp^:~:cs as may be approved by sairl I~Iort~a~ce; an~l ~p such insurance paticisa os an~ o• ~~id build- i^~;~. : n~ in!ere~t therein or pact th_reof, in th. a~~rrKate 9um atorr.aid or in exceas thereot, ~`?a11 contuin the ~ usuzl s:andard mori~agee ciause makin~ the lu~s ur.der r.?id pot~cie~, each and every. payablr to said Tfort~a.. ~ gee as hi3 interest may appear. anJ eAC~ ar.d e~•e:y su~•h pc+licy ~haU be promptly deli~ered to and held by said T-iort~agee; aod, not Irs~ than ten days in adranre ~f the expiratio» o[ tach policy, to deliver to snid btortgacee ~ n rene~val thereo[, toRether ~~i[h a receipt [nr tA~ pr~mium of .~~~h rrnewai: and there ~hall De no ~uch insu:- a~ce placed on any uf said buil~lir.~9, any interest the~ein or p~rt ther.•of, untes~ in the torm snd wfth the lo» payaLte as atonsaid; and fn [he t«nt any sum of money becomes plyable under such pollcy or policie~ saed _ b1o~t~;a~ee shall have the option to retei~e and apply the slme on account o[ the in.irb:ednea~ secure~] ~ereby or to permit elid 1.iort~agor to receiv~ and u~e tt or wny pzrt thercot tor ot?:er pu~?o9es without thereby «ei~:ng or impairin~ any equity, lien or ri~ht under or by ~irtue of tt~i~ mortga~e; and in the t~ent snid :?lnrtoaKo: sAslt `4~ lor any r~as~a [:~il to keep the satd ~r~misPs sn jn^ur~d, or lail to tlriiver pro:nptly any o[ saId pc~litie~ ot ~ lnsurzncr to siid rierttiaKre, or fail promptly to pay U~IIy any premium theretor, or in any re', ~ct fnii to per- ~ form, discharFr, execui•.. ellect, tornplet~, comply «~th an~l abid? b~ thiy eo~enani. or ~ny part hecroC~ sniJ ~fo:tg- K ' agrr may pl:?ce and pay l~r such in~urlnce or a~y Fart th~reol ~vitAnut w~iving or ~t:ectins eny o~:ion, 1:•~, ~ equity or r.~;ht un~2e~ or Dy ~irtue o: this r.inrt~ah~, anJ thr [u!1 aq~n~mt of e:~ch an~l e~rry s~~cT~ pay-r~~r.t ~hall ~ De Immed:ltely dn~ nml pa~•able an~2 sratl L.ur inc.•re~t from th~ ~nte the:eo[ untll plid at th~ raie oC tea ~.er eentum per xnnum Rnd togethet ~.ith auch In[erest a~:?11 be ~ecured Dy tRe lien ot thl~ mo:tge~r. ~ ~ 4. To perr:ilt, eomnEi or saf[•~ e~o'ira.~;e, implirment oc d~:~rlrirn:ion oi ~a1d p:opr:t~ or any part threro•_ ~ -6. To pz~ r.ll Rn~ ~:np:~~nr ~ht fM:9, ch:?r~e~ nnd exyn~~+, iaclurhng rr~ion~bl•~ T:f.ti~'prR fa~~ or.•2 eo~t of ~ a:.i'r.: of t~!1.-, tncurr•_d or paid wt any tlme Dy ~~Id 'Turign~=,. O!CR'J!E nnd~or 1~ ttie e~en' o: :h~ AI!~:e ~ a on the psrt ut :he seid Afort{;n~;~r to d~ily, promp;ly amt h:i!y p~rfnrm, d[echar~.; e,xrcut~, •K•et, c~:*+j 1_! ~ ~ eom~ly t~ith en•1 ~DIJe Ly •ar.n encl er~ry th~ ~tlnulaiiert~, a~r•-~rne~t~, ~AndiUon~ t_r.A eov~r~aL~ o[ +a:ct ptc+mis- ~ sory nn:!, nn~l t1~i~ mortr~~;~, wny oz eith~r~ wa~l +xfA cn~?~, t~ltre. ~n~t t~~n±.~, ench wn.l ever~. +Aw1I D~ Ir.~- ~ me~i~~t!ly d~:e hnd payASl~, whetT~ee or r.ot thrre D+. not~c~, drmand, w:t~mpt to eo:l~ct or ~ul; pen:l~n~: aad L'~e lts:l r.r..nuat o! rz••h an~f ev:ry ~acb p+r-!-nt .^.`~all b>ar int.rr~i fr~::t thn c:a:e tA-~.~f t:rt.tt pz!~t w: tR! r~.. o: ~ t~n ~.r c~ni~:rn p-r annur.i~ nn~1 ri:! r~!d coi:s: c:?;:~;•~ wr.!1 ex;.~ :,-s n•r t^c~c:red o[ p~!•! t",;.:1:er w: 2h +ua !n- ' . ~ '~l ~L~ _ - - - _ - - ~ , ,M:_ s~ .r._~,._.. ,s ~ ~ „t~-;