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1, To pay all cmd ~ingular the principc:l und intereat an~ olher aurnx of money payable by
wrl~„~,n n~ ctri~ t~rnmieanr~r ~erfn ~rl Il+, i,fa ~lnn~ ~r a~il~nr r+Xt,+mn}~" L*~2 L~m.a Y~0111ff`Mv~lc. 11~~
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sam~ eeverally become due.
2. To pay all and singular the taxea, aan~ssments, levies, liabilitiee, obligations, cmd incum-
brances o~ every nature oa said des~ce~l~rg~~y, eccch and every, cmd if the same be not promptly '
paid the ~ao~id Mortgagee-. itS ~ h~ti'cb~ ' Cor as~igng, may at any time pa} $
the same without waiving or ~ec4ing the option to foreclase ~r miy right her~under, tmd evory ~
pccyment so mrcda ahall bear interest from the date thereof at ihe rate o~ $ per cent, per anrium.
3. To pay ~11 cmd siagular ihe costa, chtcrges and expe~ses, including lawyei s feos, t'easonably
inctirred or paid at any time by etdd Morigage~-. _ i~s /8ucc~ssor8
~x~~~trlCC or asaigx~e, .
becaus~ of ihe fcilure on the part of the said Iv~ortgagor, its succeasore, legcil rapresentativea or
aaaigns, ta perform, comply with aad abida by each cnd everY the stipulahone, agreemants, con-
ditions and covencmta of sarid promissory not9- and this deed, or either, and every such payment .
s,hccll bear intarest from date at the rate of 8 per cent. per msnum.
4. To keep the buildinge now or hereafter on said land insured in a sum sot tese thcm I
~h~ hi ghe~t nsurable value compcsny or companies to be ap- ~
proved b said Nlort gee-, aad the policy or policies hQld by and payable to said Mortgagea~
its s~ccessors`~
or cra~iyns, ~d in the ev~~s~~of maae~ becomea
payable under such policy or policies, tha Morigagse-, i~$ s or
carasigas, ahall hmre th~ option to receive and apply the samne on account of the indebtedness here-
by aecured or to permit the Mortgagor to receive cmd us~ it or ~y part thareof iox other purposes,
arithout thereby warving or impairing any equity, lien ar right under oz by virtue of thia mort- f
gaqe, and may place mid pay for such insurc~uace or any part thereof without waiving or aHeciing ~ F
the option, to lor~close or cmy rigbt hereunder, aad each and svery such gaymont shcill bear iatereet
from date at the rate of $ p~r cenL per cuvnuan, j
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S. ?o permit, cammit or su~lor no waste, impairment or datertoration of aa{d property or
cmy pmrt thexeoL
6. To ~o~, rom~ip :~d ~ia. bp sach m3d svery the stipulationb, agreemenea, con• i
ditions cmd covenamts ia said promisaory note-., cmd in thta daed sot forth.
7. 1~ ~y af aaid sum~ of monoy hereia rsf~rr~d, io be aot .ptomptly and fully paid within
30 daya aext adter the sams severally bscome due aad payable, or if each and ee~ry the
stipulution9, aqreements, canditions cmd eovesaats of said promisaory sote_ and thia dead. or
either, are not fully gartormad, cosapll~d with and abidad by, ths said aggregate sum mentionad
in said promiasory note_ ahall c e due andpayable iorthwith or thereafter at the option of
its /succes~b~~
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the Morigages__. ,.~~,,.~sr~s~sr~'
: or ccgsiqns, as fully and comp~tely as if
tiie said aggregate ~um af --~igh~een Hundred and no/].00 0----~- douars wsre I
ariginally stipulated to be ptdd on such dey, anythirig ia said promi~aory note_ or harein to tbe ~
conirary aotwithst~ding. . . . . . . .
. IN WITNESS WI~REOF, tha said pcaty ot the first part has caused theae
presants to be aigned in ita name by its , '
. . (Corpo:ale President, amd ita corporate s~al to be caffixed,
~ - attested by it~ Sscretcry the day
Attes~ ~~~"-vr %r,-t. , aad yaar above .writt~n. . .
FL~~~XI'~~X~ ~ ~St'~t secr~t~yy. .
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Sagned, sealed and delivered in the p:es~nce oL R. H. VAILLANT CONSTRUCT ION CQ , INC
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