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and shall duly. promptly and fully perform, discharge, execute. effect, complete. comply with and abide by each and every
the stipulations, agnemeat:, conditions and covenants of said promissory cote and of this mortgage, then this mortgage and
the estate herby created shall cease and be null and void
j 1t is understood that each of the words, "note; "'mortgagor' and "mortgagee" respectively and the pronouns referring
I thereto. whether is the singular or plural anywhere in this mortgage shall be singular if one only and shall be plural iointly -
aad 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, legal representatives, successors and assigns, hereby covenants and agrees
f to and with said Mortgagee. 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, ach and every, promptly on the days respectively the same severaAy become due.
I 2. To pay all and singular the taxes, assessments, levies, IiabIlities, obligations and incumbrances of every nature and
kind now on said described property, and/or that hereafter may 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, herby each and every,
~ when due and payable according to law, before they become delinquent, and before any interest attaches or any penalty is
incurred: and in so fu asa:ny thereof is of record the same shall be promptly satisfied and discharged of record and the or-
iginal officitl document (such ass for instance, the taz receipt or the satisfaction paper officially endorsed or certified) shall
be placed in the hands of said Mortgagee within ten days next after payment; anti in the event that arty thereof is not so
paid, satisfied and discharged, said Mortgagee may at any time pay the same or any part therof without waiving or affect-
ing any option, lien, equity or right under or by virtue of this mortgage. and the fup amount of each grid every such pay-
ment shall be iawiediately due-and payable and shall bear interest from the Batt 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.
3. To place and continuously keep on the buildings now or hereafter situate on said land -fire and windstorm incur-
ance in the usual standard policy form, in a sum not less than the highest insurable value, in such company or companies u
may be approved by said Mortgagee; and al! such insurance policies on any of said buildings, any interest therein or pair
thereof, in the aggregate sum aforesaid or in excess thereof.. shall contain the usual standard mortgagee clause making the
I loss under said policies, each and every, payable to said Mortgagee as his interest may appear, and each and every such policy
shaU be promptly delivered to and held by said Mortgagee; and, not less than ten days in advance of the expiration of each
policy, to deliver 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, and interest therein or part thereof unless in the form and with
the loss payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies said Mortgagee
shall have the option to receive and apply the same on account of the indebtedness secured hereby or co permit said Mortga-
gor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, fern or
~ right under 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 fail to deliver promptly any of said policies of insurance to said Mortgagee, or fail promptly to pay fully any
premium therefor, or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this cov-
enant, or any part hereof, said Mortgagee 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 shag be immediately due and payable and shall bear interest from the date thereof until paid at the rate of trn
per centum per annum and together with such Interest shall be secured by the lien of this mortgage.
j - X341 P~ 892
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