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and shall dul}•, promptly and fully perform, discharge. execute, effect, complete, comply with and abide by each and every
the stipulations, agreements, conditions and covenants of said promissor}• .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 pronouns 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, wherever the context so implies or admits.
And said I?lortgagor for himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees
to and with said Ilfortgaget, his legal representatives, successors and auigns:
1. To pa}• all and singular the principal and interesi and the various and sundr}• sums of money payable by virtue of
said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due.
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2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbranccs of every nature and
kind no~v on said described property, and/or that hereafter ma}• be imposed, suffered, placed, levied or assessed thereupon,
and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured hereby, each and every,
when due and payable according to law, before the}• 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
uriginal 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 I?tortgagee within ten days next after payment; and in the event that an}• thereof is not so
p paid, satisfied and discharged, said !?fortgagee may at any time pay the same or any put thereof without waiving or affecting
z any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and ever}• such payment
shall be immediately due and payable and shall bear interest from the date 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. f
~ 3. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insurance
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in the usual standard policy form, in a sum not less than the highest insurable value, in such company or companies as may be
~ epproved by said Alortgagce; and all such insurance policies on any of said buildings, an}• interest therein or part thereof, in
E the at;greRate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said
politics, each and every. payable to said Mortgagee as his interest may appear, and each and every such policy shall be
~ promptly delivered to and held b}• said 1?lortgagee; and, not less than ten days in advance of the expiration of each policy, to
i de•liver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no
such insurance placed on any of said buildings, any interest therein or put thereof, unless in the form and with the loss
pa}•able as aforesaid; and in the event any sum of money becomes payable under such policy or policies said I?lortgaget shall
have the option to receive and apply the same on account of the indebtedness secured hereb}• or to permit said I?fortgagor to
receive and use it or any part thcrcof for other purposes without thereby waiving or impairing any equity, lien or right under
I ur b}• virtue of this mortgage; and in the event said Mortgagor 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 mortgagee, or fail promptly to pay fully any premium there-
for, or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any
part hereof, said Mortgagee may place and pa}• for such insurance or any part thereof without waiving or affecting an}•
option, lien, equity or right under or b}• virtue of this mortgage, and the full amount of each and ever}• such payment shall be
E immediately due and payable and shall bear interest from the date thcrcof until paid at the rate of ten per centum per annum
wd 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.
`r. To pa}• all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of
title, incurred or paid at any time by said 1Nortgagcc because and/or in the event of the failure on the part of the said =
Mortgagor to duly, promptly and fully perform, discharge, execute. effect, complete, comply with and abide by each and
ever}• the stipulations, agreements, conditions and covenants of said promissory note, and this mortgage, any or either, and
said costs, charges and expenses, each and every, shall be immediately due and payable, whether or not there be notice,
demand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the
date thrreof until paid at the rate of ten per centum per annum; and all said costs, charges and expenses so incurred or paid,
together with such interest, shall be secured by the lien of this mortgage.
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