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and shall dul~-, promptiy and luliy pcrform, dischar{;~. cxecute, effcct, complete, comply with and abide by each and every
thc stipulations, agreements, conditions and covenants of said promissor}• notr and of this mortgage, then this mortgage and
the cstate hcrebv crcatcd shaU ccasc and bc null and void.
(t is undcrstood that each of thc words. "note." "moriRaqor" and "mortqaAcc" respcctively and the pronouns rcferring
thcreto. ~vhcthcr in the singular or plural anywherc in this mortgage, shall bc singular if one only and shall tx plural jointly
and sercrally, if more than one, and shali be masculine. feminine and~or ncuter, whercver the context so implies or admits.
And said :lfortgagor for himself and his heirs, lcgal rcpresentatives. succcssors and assigns, hereby covenants and agrees
to and ~.ith said ~lortgagee. his legal ~epreseniati~•es~ successors and assigns: _
1. To pay all and singular the principal and interest and the various and sundry sums oC moncy payable by virtue of
i said promissory note, and this mortgage, each and every, prumptly on the days respecti~•ely the s;unr severally become due. .
2. To pay all and singular the t•rxes. assessments, levies, liabilities, obliqations and incumbrances of every nature and
i kind not:~ on said dcscribed propeny, and/or that hereafter ma~• bc imposcd, suffered, placed, levied or assessed thereupon, - f
i and/or ~hat hereafter ma}• be levied or xssessed upon this mortgaAe andJor the indebtedness secured hereby, each and every,
j ~r•hen duc and pa}•able according to law, bcfore they brcome dclinquent. and bcforc any intcrest attaches or any penalty is _
~ incurred; and in so far as any therro( is uf record the same shall be promptl~- satisfied snd discharged of record and the
! original ofCicial document (such as, for instance, the tax receipt or the satisiaction paprr officially endorsed or certified) shall ;
F be plac~d in the hands of said ~furtgagcc ~.•ithin tcn days next a[ter payment: and in the event that any thereof is not so ~
~ peid, satisficd and discharqed, said \iortgagee may at any time pay the same or any part thereof without waiving or affecting
any optian, lien, cquity or right under or by virtuc of this mortRage~ and the full amount of each and every such payment
` shall bc immcdiatcly due and payable and shall bcar interest from the datc thercof until paid at the rate of ten per centum
per annum and together ~~7th such interest shall be secured by the lien o[ this mortRaqe.
3. "fo place and continuousl~• keep on the buildings now or hereafter situate on said land fire and windstorm insurance
in the usual standard policy form, in a sum not less than the hiRhest insurable ~~alue, in such cumpany or campanies as may be
appruvcd by said 1lortgaqce; and all such insurance policics on any of said buildings, an~~ interest therein or part thereof~ in
thc ap,RreRatc sum aforesaid or in cxccss thcreof, sh~ll contain thc usual standud m~rtRaqrc clause mnking the loss under said
~x~licies, rach and e~•ery, payable tu said \lortgagee as his interest ma}• appear, and each and ev~ry such policy shall be
promptly dcli~~crcd tc? and hcld b~~ said Mortg:y{cc: and, not Icss than tcn daqs in advancc of thc expiration of cach policy, to
dclivcr to said ~fortgaRec a rrncwal thcrcof, together with a reccipt for thc premium of such rencwal: and there shall be no
such insurance placed on any ot said buildings, any interest thercin ur part thereuf, unlesa in the form and with the loss
~ payable as aforesaid: and in the tvent any sum of money becomes payable under such policy or policies said Mortqage~ shall =
~ have the vption to receive and apply the same on account of the indebtedness secured hereby or to permit said biortgagor to
reccive and use it or any part thereot for other purposcs without thereby waiving or impairing any equity~ lien or right under
~ or by virtue of this mortgaqc; nnd in the event said Atortgagor shsll for any rcason (ai+ to keep the said premiscs so insured, or
f~il to dclivcr promptly any of said policics of insurance to said Alortgagee~ or lail promptly to pay fully any premium there-
s f~~r, or in any respect fail to perform~ discharge~ executc, effect, complete, comply with and abide by this covenant, or any
~ pan hereoi, said Afortgagee may place and pay for such insurance or any part thereof without waiving or affecting any
~ option, licn~ equity or riqht under or by virtue of this mortgagc. and the full amount of each and every such paymcnt shall be
~ immcdiatrly due and payablc and shall bear interest frum the date thereof until paid at thc ratc of tcn per centum per annum
~ and tuRcthcr with such intcrest shall bc sccured by thc lien of this mortgage.
~ 4. To pcrmit, cummit or suffcr no wastc. impairmcnt or dctcrioration of said propcrty or an~~ parC thrrco(.
~ 'I'o pay all ;tnd singular the costs, charqes and expenses. induding reasonable lawyer's fees and cost of abstrarts of
~ tiUe, incurred or paid at any time by said htorigagee because and/or in the e~•ent of the failure on the part of the said
4 Rtortqagur to duly, promptly and fully perform~ ducharge. 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 coll~ct or suit pending; and the full atnount of each and every~ such payment shall bear interest from the
~ dete thercof until paid at the rate of ten per centum per annum; and all said costs. charges and expenses so inturred or paid.
together ~vith such interest. shall be secured by the lien of this mortgage.
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"K 312 FAGE 1081
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