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~lrpuilPl ~lut~J~, that if snirl .Atort~'a~'or .rh«ll pay unto thr suitl ,11far•tg«~r•r ~
t/te ccrtai?t pruntissory note, u/• tt•lrit•It the fi,llort•iag in tvurds ttnd figrtres i.r a true cupy,
lr~ uit;
See Attached Copy.
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nncl slrull perj„rm, rr,ntpli) u•itlr nrrcl al,irle by ~~teh ctnd er•err/ the stipulations, f
agreements, conditions and eot•c•nanls of said promissory note anr! of tlri:s deed, then
this decd and the estate hereby created shall cease «nd Le null and r•oitl. '
t~I11 the said ,.llort~sugor hereby covenants and ugr•ees:
.1. Tr, pay all rind sin~tulur the pri.n~ipul an,l int?•rrst rtn,l u/hrr sums naunPl!
purtctLlr, hl! rirtue r?j sui~! J?rr,t?tixsr,ri) nnti• ?ttt,! this rl.•?•,1, ur ?•ithr•r, l.r~.r,rptllt ~.rr thr~
~ du>>s resper•tit•cly Lhr sanrr• xer•~rullt/ ?•~,?rtr• dur'. ~
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Tr, pat/ al! nrt,l .in~snlar tlrr• tuxes, ussessntrnts. lrr•irs, li,rhiliti?•s, .,l?lioatinrrs ~
,r?,d~enrrcnahrataces of r•t~erJ nature ?,n said ,lrsr•rihc.l 1,rop?•rlr! r~u~•lt rtnrl et•,•rl/, unrl ~
~ ~ if the same 1 e not prom-ptly paid the said ,~ltortgagee may at any time pa y the saute
u?ithout tcai.ving or «~j'ecting the, option to foreclose or any riglrf hereunder, and erery
payment so made shall Gear interest from the date thereof a.t the rate of ~T~VE (12)
per cent. per annum.
.3. To pay atl and singular the .~~?sts, char6~•s and P.tp,~nxex, inr•lurling lawyer's
fees, reasonably incurred or paid at any time by said Jllortga~c•e Lecause of the failure
on the part of the said Mortgagor to perform, comply u•rt/r. and ali,lr liy e«t•h and {
every the stipulations, agreements, conditions and roretrarrts of caul l,ronttssoty note E
' and this.deed, or either, and even,/ sucli payment shall Lear interest front date at the '
rate of Z4+~L,~IE(12) per cent. per annum.
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' 4. To L:~rp the huildin6 n~,tc ur h~rrajtcr i,n said /unr! irrsrtr,rr! in a mum not
lrss l-Jttsn, its highest insurable val r - -
-U~,Ilurs, in a r~,nt.punlt ~,r rnntpa,tir•s to
he approved by said .Mortgagee, and the poke;/ or policies held. liy and payable to said
.iltorlguger., and in the event « ny stint of nton.~•y br•comex payable tinder such policy or
" policies, the .,Mortgagee siudl bare the option to receive and apply the sunte orr uccortnl
of the indebtedness Jtereby secured or• to permit the .~Iorfgugor to receive and ttse it, or
j a-ny part thereof; far other prcr/ioscs, rci`.hottt lht•rPhy tcair.•ing or impairing any equity
lien or ri-ght under or Ly virttee of tit-is mortgage, uttd Wray place and pay for srt;eh.
~ insrcrunee or any part thereof, rvrthorct waiving or affecting' the option. to foreclose or
alt y ri~?ht Hereunder, and each and evert) such payment shall bear interest front date
at t/ce rule of Z~LVE (12) per cent. per annum. f
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• ~ ~ - ~x3~3 PEE 284