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and s1~al~ perform, comply wilh and abide by each and every Ihe stipulations, agreemenls, condilions and cove- ~
nanls oJ said promissory noie.._... and of f6is deed, then il~is deed and Ihe eslate !{~ereby crealed sl~oll cease ond ~
be null and uoid: ~ , . ,
1. The 1~'Iortgago~ {~ere6y covenants and agrees: '
(a) To pay alI anc~ sinpu~ar I~ie principa~ and interest nnd tlte'vuriow antl5strrtlr~ s~i?rt4 b( mbhpy pay-
i n6le 6y rirtue of tho a6ove descri6ed promissory note..__._. aled t1~i*.r?iart~a,pg~.qa~wlgFa+xda~1 re+tiwra~~'o( .
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! the same, or any part thereof. nnd also any and alI olher !oa andj~r ~~op~nls cjt may . nta~q
i! 6y Mortgagee fo :1lortgagor, promptly on tl?e days reapecli~k~ ~ie's~me severaUy become~ue.
' (6) To puy aIl and singular the taxes, assessments, levies. Iiabelities, o6ligations. and encum6rances o)
every nature, on said descri6ed properly ench and eaery, and ij t{~e same 6e not promptly paid tl~e Mo?t-
ga~ee may at any lirrte pay the same without waiving or aJjecting t~e option to Jorec~ose or any right here-
under and every payment so mude s~all bear interest (rom ihe date lF~ereof at the rale oJ_..._. 8__ 3/4 :
centum per annum. ~ ~
(c) To pay all nnd sirtgulnr the costs, char~es and expenses, including lawyer a f
ees and a6stract coses
~ reasona6ly incurred or pnid at any time b~+ the Mortgagee 6ecnuse o) t/~e jai~ure on 1he part of tF~e Mort-
gagor to perJo~m, c~omply witli and a6ide 6y eacF~ nnd e~ery the stipulalions, agreements. ~ond~t~o.~ ~d
' ~ covenants oJ anid indebtedness and snid promissory note..._.. and t6is deed, or either, and every suc6 pay- ~
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~ $ 3L.4_..._.... ,
ment s~a~~ bear interest f
rom c~ate a! l~e rafe o~_.._... .per centum per ar~num. =
~ ~ (c~) To ~eep the buildings now or I~erea(ter on said land insured agai~ut [oss 6y ~ire in a sum not less ±
~ ~ than 49~000.00_.._..__._._ a„d ~a~e Io~., 6y windstorm in a sum nol Iess ll~an 5..~9_FS10Q_.Q~.__._.., in i
n company or oompanies accoptn6le !o t1~e :~'lortgagee and the policy or poGcies shall be held and paya6le to
f~e ~'}'origagee. ~n Ihe event any sum o~ money bec~omes payable unc~er such po~icy or po~icies, f{~e ~~'~ori-
E i'q j gngee shall ~ha~e the option to receive and apply f{~e same on acooun! of the indebtedness here6y secured.
~ i I~ or to permit the Mortgagor fo receiue and use it or any pnrt tl~ereof Jor other purpos 1s~~ QitheunQ here6y ~
~ ~ waiving or impniring any equily. ~ien or rig{~t under or by virtue oJ rl,~ dped, and 1 e i'~ g g y p~ace
~ on or such insurance or an arf fhereo u~illiou~ waevin or a ectin ttie o tion to orec~ose o? an ~
~ d~yl yn I g ll 9 n I ~ ~
i right I~ereunder, and each and euery such payment shnll I~ear interest ~rom date at t{~e rote of.____8.._~~4 ~
i per centum per annum. ~
(e) To perntil. cor?'imif or su~~er no u~asfe. impairntenl or c~eteriornlion oj said properly or any part
! ~ thereo~.
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i ~ T~nt if nny o~ Jai~ sums of money herein ~ejenec~ fo be not prompt~q and fut~y pnid within.._.~...
~ ~aqs next a~ ter ff~e same aeveral~y becomes due and paya6le. or ij each anc~ euery• tRe stipujations, agree-
~ ~ menb, conditions and couenanfs of said promissory note and this deed. or eit~er, nre not ~u~~q performec~. ~
~ j comp~ied wifh and abided 6y, the said aggregate aum menlioned in aaid promfssory note, and nny renewnl
~ j~ thereo), and al~ inde6tedness (rom Mortgapor to 1~'lortgagee, al~all become due and paya6le ~ort~witl~, or
'4~ ~ t 1?erea(ter at t he option o) t he Mortgagee as fu l ly nn d a~mp le te ly as i( t he sai d a gregn te sum o
f sni d in-
~ i: de6tedneas and said promissory note was originnlly stipulnted to 6e paid on suc~ day, anylhing in snid
~ i promissory note or kerein to f~e contrary notwit~standing. f
t
~ ~ I~ (g) Tf~at in order to accelerafe tl~e maturity o/ the inde6ledness {~ereby secured, 6eca~ue o) 11~e fail- ~
we oJ the Mo~tgagor to pap any tax, assessment. l~a6~t~ry, o~~igation or encum6rance upon said properfr,
~ i~ tu ~eretn provic ary nor requisite t/~nt fhe Morlgagee shall (irst pay 1i~e same.
~ ~ed, it shal! not 6e necess
i (h) To perJor?n, comply with and a6ide 6y each and every II~e atipulalions, agreemenls, conclitions and
~ , I covenants !n snic~ promissory note anc~ in t/~ia cleec~ sel forlh. ~
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I: 2 T
he lien 1?ereo~ a lia l l ex~e n d to an d inc l u
de t 6e uae, ren ts, an d pro
fi l a o J sai d premises, bu t t~e Mor tga,qo~ ;
sF?nU I~aue the rigl~t to remain in possession oJ said premises anr~ enjoy Ihe usc, and to receive the rents an~ pro~ita ~
~ i tbereo~, witl~out accounling to fl~e Morf~agee Ihere(or, so lonp as tl~ere-shall be no clefault F~ere~u~der, prooided
. t6a! in the e~en1 of any such de/ault hereunder jor a period of._.__._.~._._...da s, the 1~'Iortgagee sh~ill be entitled !o
~ I f~e possession an~ use o~ said morfgaged prerttis¢a, and lo receive and app~y f~e nct renis and pro~if~ f~ereol.
~ ; upon and toward tF~e payment oj 1~e inde6tedness bereby secured.
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