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and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each
and every the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage.
then this mortgage and the estate hereby- created shall cease and be null and void.
It is understood that each of the words, "note," "mortgagor" and "mortgagee" respectively and the prop-
owns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one only
and shall be plural jointly and severally, if more than one, and shall be masculine, feminine and; or neuter, wher-
ever the context ao implies or admits.
Md said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
ants ana agrees to and with said Mortgagee, his legal representatives, successors and assigns:
1. To pay ail and singular the principal and interest and the various and sundry sums of money payable by
virtue of said promissory note, and this mortgage. each and every, promptly on the days respectively the same r
severally become due. -
2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every
nature and kind now on said described property, and/or that hereafter may be imposed, suffered, placed, levied
or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
A Hess secured hereby, each and every, when due and payable according to law, before they become delinquent,
and before any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same
shall be promptly satisfied and discharged of record and the origins) official document (such as, for instance.
the tax receipt or the satisfaction paper officially endorsed or certified? shall be placed in the hands of said
Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said Mortgagee may at any time pay the same or any part thereof t<•ithout waiving or affecting
~ any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every
such payment shall be immediately due and payable and shalt bear interest from the dale thereof until paid
at the rate of ten per centum per annum and together with such interest shall be secured by the lien of this
mortgage. -
3. To place and continuously keep on the buildings now or hereafter situate on said land fire and tttindstor'm
full insurable value
insurance in the usual standard policy form, in a sum not Tess than S-- - - - - - !n such com-
pany or comp^nies as may be approved by said blortgagce: and all such insurance }lc,licies on any of said build-
ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the
usual standard mortgagee clause making the loss under said policies, each and every, payable to said iilortga-
gee as his interest may appear, and each 'aid eve: y sur•h policy shall be promptly delivered to and held Ly said
Mortgagee; and, not less than ten days in advance of the expiration of each policy, to deliver to said btortgagee
a renewal thereof, together with a receipt for the premium of such renewal: and there shall be no such insur-
ance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the )ova
payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies said
Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or
to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby ~+~•uving
or impairing any equity, lien or right under or by virtue of this mortgage; and in the event said DlortkaRor shall
for any reason fail to keep the said premises so insured, or fail to deliver promptly any of said policies of
= insurance to said Dtortgagee. or fail promptly to pay fully any premium therefor, or in any respect fail to per-
form, discharge, execute, effect, complete, comply with and abide by this covenant, or ar?}• hart here.~f, said \lortg-
ages may place and pay for such insurance or any part thereof without waiving or aff?cling any optirtn. lien,
equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall
~ be immediately due and payable and shall bear interest from the date thereof until paid at file rate of ten per
centum per annum and together with such Interest shall be secured by the lien of this mortgage.
~ 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
a 6. To pay all and singular the costa, charges and expenses, Including reasonable lawyer's fees and coat of
_ abstracts of title, incurred or paid at any time by said l+inrtgagee because and for in the event of the failure
on the part of the said Mortgagor to duly. promptly and fully perform. discharge, execute, affect, complete,
rnmply with and abide by each and every the stipulations, agreements. condtuons and covenants of said promis-
sory note, and UUS mortgage, any or either, and said cosh charges and expenses, each and every, ahali be Im-
mediately due and payable, whether or not there be noticr, demand, attempt to collect or cult pending, and the
full amount of each and every such payment shall bear interest from the date thereof untU paid at the rate of
ten per centum per annum, and all safd costs, charges and expenses so incurred or paid, together with ouch in-
tereat, shall bs secured by Uie lies of Uifs mortgage.
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