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~rtluilp~ aiut~y~, Heat if said .Mortgagor shall' pay tcnto thr~ .w,cicl• Mortgagee
the certain promissorrJ note, of trhiclc tlce follou•i~rg in words and Jlgrcres is a trice copy,
to wit:
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and shall I,erjornt, comph/ with anc! abide by e~teh a~td every the stipulations,
agreements, COliCditlO)t5 and COUCnantS of said prornissortJ note and of tlcis deed, then
this deed and tlce estate hereby created shall cease and Le nrcll and void. I
.t~tt~1 the said ~llortgugor hereby covenants and agrees:
.1. To pay all and singular the principal and interest and c,th.er sums uj money
payable by t•irtue c?j said promissory ante and this decd, ~r Pitlrer, _prnnrptlry un the
clays respectit~elr~ th.e sancc scr~erally concc due.
Tc, pay all ucic! sin6tclar the taxes, assessments, lec•ics, liabililicx, c~blisutivns
and en.ctcmbrances of rt~ery nature on. said described property ea••h a~:d every, and
if the same be not promptly paid the said .Mortgagee may at any time pay the sa»ce
without waiving or affecting the option to foreclose or any right hereunder, and evert)
payment so made shall bear interest from the date thereof at the rate of 1070
per cent. per annum.
~3. ?'o pay all and singular the costs, ch-ar6es and erpcicses. i~tclu.~ling latuyer's
fees, reasonably incurred or paid at any time by said .Mortgagee becarese of the failure
on the part of the said .Mortgagor to perform, comply with. anal abide by each and
every th.e stipulations, agreements, conditions and covenants of said promi-ssory note
and tlcis deed or either, and every such payment shall bear interest from date at the
rate of 10~ per cent. per annum. ~
4. To keep the buildin6 note c,r /tereajter on said /cold insured in a sum not
lc;ssthan its highest insurable value-------------------------------- ~
Uc,llurs, in a company or c•oncpani.es to t
be approved by said .mortgagee, and the policy or policies held by and payable to said
I ~ .Mortgagee, and in the event any sum of money becomes payable under such. policy or {
policies, the J6iortgagee shall have ~tlce option to receive and apply the same on account
of .the indebtedness hereb7j secured or to permit the .Mortgagor t~o receive and use it, or ~
any part theteoj; for otfcer purposes, u~i`,horct thereby waivin~s or impairing' any equity
lien or right under or by virtue of this mortgage, and may place and pay for such
insurance or any part thereof, without waiving 'or af~'eeting the option to foreclose or
• any right hereunder, and each and every such payment shall bear interest from date
at the cute of 1070 per cent. per annum.
ao~+~21 ~,~~.583 I ~