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~LI~ED ~~CH~~81
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and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply w,th and abide by each
and e~•ery the st~pu!ations, agreements, cond,tiot,a and covenants o[ sa,d prum~saory note and of this mortgage.
then this mortgage and the estate hereby creat~~f shall cease anti be null and vo,~1.
It ,s understood that each o[ the words. "note." "mortgagor" and "mortgagee" respectively and the pron-
ouns referring thereto, whether in the singular or plural anywhere in !his mortgage, shall be singular if one only
and shall be plural Jointly and severally, if more than one, and shall be ,navculine, feminine and/or neuter, wher-
ever the context ao implies or admits.
And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
. ants aria agrees to and with said Mortgagee. his legal representatives, successors and assigns:
' 1. To pay aU and singular the principal and interest and the various and sundry sums of money payable by
virtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same
severally become due.
2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances o[ 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 assec9ed upon this mortgage and!or the indebted-
~ ness secured hereby, each and every, when due and payable according t~ law, before they become delinquent.
and before any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same
shall be promptly satisfied and discharged of record and the original otf~cial document Isuch as, for i~istance,
;he tax receipt or the satisfaction paper officially endorsed or certifiecll shall be placed in the hands of said
Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said I?iortgagee may at any tune pay the same or any part thereof without wai~inq or affecting
1 any option. lien, equity or right under or b~' ~•~rtaie of this mortgage, and the full amount of each and every
such payment shall be immediately due and I•ay:,bie and shall bear interest from the date thereof until paid
at the rate o[ ten per centum per annum and t~~geth~r with such interest steal! be secured by the lien of this
mortgage.
3. To place and continuously keep on the bu,ldinl;s ni,w or hereafter situate on•~said land fire and windstorm
insurance in the usual standard policy form, in a slim not less than S A.~~~..__-.1e!.K-Q-+'---•--•---• In such com-
pany or compra}es as may be approved by said At.~r!i;a~,•e: amt rll such insurance policies on any of said build-
ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the
usual standard mortgagee clause making tt~e I~~~s ur.ri.•r said policies, each and every, payable to said Mortga-
gee as his interest may appear, and each a::~i e~•e-y s:i~•h policy shall be promptly delivered to and held by said
111ortgagee: 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 oii~h rs'newal: and there shall be no such insur-
ance placed on any of said buildings. any :nterest therein :,r part thereof. unless in the form and with the loss
payable as aforesaid: and in the e~•ent any sum of money becomes payable under such policy or policies said
Mortgagee shall have the option to recei.•e and apply the same on account of the indebtedness secured hereby or
to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving
or impairing any equity, lien or right Under or by virtue of this mortgage: and in the event said Mortgagor shall
for any reason tail to keep the said premises so insured, or tail to deliver promptly any of said policies of
insurance to said Dtortgagee, or fail promptly to pay hilly any premium therefor. or in any respect tail to per-
form, discharge, execute, effect, complete, comply Huth and abide by this covenant, or any part hereof, said Mortg- .
ages 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 shall
be Immediately due and payable and shall bear interest from the date 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.
To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
6. To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost of
~ abstracts o[ title, incurred or paid at any time by said Mortgagee because andior to the event of the failure
on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete.
rnmply with and abide by each and every the stipulations, agreements. conditions and covenants of said promis-
itory note, and this mortgage, any or either, and said costs, charges and expenses, each and every, shall be Im-
mediately due and payable, whether or not there be notice, demand, attempt to collect or salt pending: and the
full amount of each and every such payment shall bear interest from the date thereof until paid at the rate o!
ten per centum per anriurp: and all said costs, charges and expetses so lncurrM or paid. together arlth such In-
terest, shall bs secured by the Ifen of this mortgage.
~'~343 71s
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