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~rouided ~11U~yB, that if said :1Kortga~or shall pay unto-the acid JFlortgagee
flee certain prorrai~csory note, u/' w/u.ch the follocuing in words dnd /1•gurea is a true copy,
to wit: _ . -
- _ See attached
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a»d shall 7r~erfo~»a, comply with a~:d abide by each and every the stipulations,
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and the estate herebycteated shall cease and be null-and ibid. _
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.~ri~1 the said .lrtortgagor hereby covenants and agrees: ~ i
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.l. To pay all and singular the prineipol and interest and other sums of money
payable by virtue- of said promissory note and this deed, or either, promptly vn t:ae ~
i days respectively the same severally comae due:. _
S. ~ To pay.all a~td singular the taxes, assessments, lei~ies, liabilities, obligations
_ and encumbrances-oj every nature on said .described property each and every, and
if the same be not promptly paid -flu Said Mortgagee may at any time pay the same
without waiving or- affecting the option to foreclose or any right hereunder, and. every
payrrunt ao made shall bear interest from the date thereof at the rate of 8-1/2~-----
per cent. per annum. -
z'o pay aii and aingular the costs, charges and expenses. including lawyer's
fees, reasonably incurred or paid at any time by said Mortgagee because of the failure
on the pcirt of the said Mortgagor to perform, comply with and abide by each arad
every the stipulactions, agreements, conditions and covenar_.ts of said promissory note
and this deed, or either, and every such payment shall bear interest from date- at the
rate of --8-1/2~--fiver cent. per annum.
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I To keep the building now or hereafter on. said land insured in
a sum not
tessthan its highest insurable ~:alue------
-------------------------------------dollars, in a company or companies to
be approved by said Mortgagee, and the policy or~ policies held by and payable to said
.Jortgagee, and in the event any surr~ of money becomes payable under such policy or _
polities, the Mortgagee shall have flu option to receive and apply the same on account
of *:ke indebtedness hereby secured or to permit the .1rtgagor to receive and use it, or
any ioart thereof, for other purposes, wi`,hout thereby u+aiving or impairing any equity
lien car right under or by virtue of this mortgage; and may place and- pay -for such
insac*~.Y~rce or uny part thereof, urithout ufaiving or affsctang the option to foreclose or -
any right lureunder and Each aged every auch pa~~nent shall bear interest from date
at the rate of --8-1/2x- per cent. per annum. '
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