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and shall duly, promptly and fully perform, d-ischarge, execute, effect, complete, comply with and abide by each and every
thr stipulations, agreements, conditions and covenants of said promissory Hoer 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 Mortgagor for himself and his heirs, Icgal representatives, successors and assigns, hereby covenants and agrees
to and with said Aiortgagee, his legal representatives, successors and assigns: -
1. To pay all 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 severally become due.
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2. 'I'o pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of every nature and
kind now on said described property, and/or that hereafter may be imposed, suffered, piaced, Ievicd or assessed thereupon, -
and/or that hereafter may be Ievicd or assessed upon this mortgage and/or the indebtedness 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
i incurred; and in so far as any thereof is of record the same shat{ he promptly satisfied and discharged of record and the
I original 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 Aiortgagee may at any time pay the same or any part thereof without 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 br 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.
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3. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insurance
1 in the usual standard policy [orm, in a sum not less than the highest insurable value, in such company or companies as may be
approved by said Aiortgagee; and all such insurance policies un any of said buildings, 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 Aiortgagee as his interest may appear, and each and every such policy shall be
promptly delivered to and held by said Aiortgagee; and, not less than ten days in advance o[ the expiration of each policy, to
:4 deliver to said Aiortgagee a renewal thereof, together with a receipt [or the premium of such renewal; and there shall be no -
such insurance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss
f payable as aforesaid; and in the event any sum of money becomes payable under such Policy or policies said Aiortgagee shall
have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Aortgagor to
~ rcccivr and use it or an • art thereof for other u oses without thereb waivin or im airin an a uit lien or ri ht under
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or by virtue of this mortgage; and in the event said Mortgagor shall for any reason fail to keep the said premises so insured, or
[ail to deliver promptly any of said policies of insurance to said Aiortgagee, or fail promptly to pay fully any premium there-
a for, or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any
z part hereof, said Aiortgagee may place and pay for such insurance or any part thereof without 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
3 immediately due and payab{e and shall bear intcrest 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.
E 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
5. 'fn pay 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 Mortgagee because and/or in the event of the failure on the part of the said
Mortgagor to duly, promptly and (idly perform, discharge, execute, effect, complete, comply with and abide by each and
every 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 thereof 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 intcrest, shall he secured by the lien of this mortgage.
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