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~rilUt~1PI1 ~1~lUi1J8. tlcat if sa~i~l .~lturtgagnr ~ehall pay rcnto thc sui~l ~far(¢a~~e
the certain~prv,~itis.sur~ not~, u/' tc+l~cc% the jollou•ii~$ iia wurc~ls an~l ~i~ures i~ « true cupJ,
to wit:
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, ~iii~l shull perjo~m, ~~,~,~plr~ tcith a~rd aLicle fiJ e~teh and et•ery the stipulations,
; ct,~reements, conditioias a.nd covenan.ts af sdid promissorrJ note an~l of tlais deed, then.
i ~ this aleed and tJce estate herebJ created shall cease and be n~~ll and void.
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E ,t~I11~1 the said ~3lort~a~or hereby coventcnts and a~srees:
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~ .1. To pay alt and cin~ular the prin.c.ipal and in.tPre4t and othPr sum.s mon.eJ
i paJable hJ virtue nj saicl prn~n.issnr~/ nnt~ and this ~le~c1, ~,r Pith~r, pr~,nrp~/r~ ~?ri tlae
` daJs respectit~ely the same .set~erallJ conce due.
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; Tn pay all an.d singular the tax~s, assessm.en.ls, let~iNS, liahilitic~s, nhlisations
s u~r.~ enercnabraneea oj everJ ~tatrcre un. sai~l d~scribed propPrtJ ea~•h and e~~~ry, arui
~ if the sacme be not promptly pacid the sdid J~fortga~ee may at any time pay the sc~nae
` without ruaivin~s or af~'ectin~ the option to foreclo~e or any ri~lat hereunder, and every
~ pay~nent so mcLde sluLll bear interest frnm the date thereof 'at the rate of 9~ ~
r~. per cent. per dnnum.
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d. 7'o pay a1l and ain~ular the costs, cluirgNa an.~l e.tpenses, i~icluciin~ lawJer's
~ fees, rea.soncibly incurred or pdid at any ti»te by said .M'ort~agee because of the failure
on tlae part of the suid .J~ortga~or to perfornt, compZJ with and abide by eccch cz~ad
eaery the stipulati,ons, a~reements, conditions and covenants of' said promissory note
; and thi,s deed, or either, and every such pay~nent shall bear interest fro~n dnte act the
rnte of 9~ per cent. per dnnum.
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~i. To /ceep the building nvw ~~r hereajter on suicl lu~td iirsrcred in~~ .sr~m not
; lessthan ~highest insurable value
Uallurs~ in a carrtpani~ ~~r ~•ampanies to
~ be dpproved by sacid J1lortgagee, and the polie~ or policies held by ccnd payable to said
- .Mortgccgee, and in the event any sum of monoy beeomes puyable under sueh poliey or
' polici,es, the ~lort~sa~'ee 8hacll have th.e option to receive and upply the same on cr.ccount
of the indebtedness hereby secured or to permit the JKort~a~or to receive and use it, or
dny pcirt thereof, for other purposes, wi`hoict thereby waciain~ or i»zpairing' any equity
lien or ri~sht under or by virtue of this mort~age, and may pla,ce dnd pay for such
= insurance or any part thereof, urithout u~divang or affectin~ the option to fore~lose or
~ dny rig'ht hereunder, and each aud every stcch payment shall bectr interest frotn date
$ at the rute of 93~ per cent. per ccnnum.
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