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and shall duly, promptly and full~ perform, dischasge, execuce, effect, complete, comply a~ith and abide by each and every .
the stipulations, agreemenu, conditions and covenanu of said promissory note and of this mortgage, then this mortgage and
the esute hereby created shall cease and be null and void.
' It is understood that each of the words, "note," "mortgagar" and "mortgagee" resFectively and the pronouns referring
f thereto, whether in the singular or plural anywhere in this mortgage shall be singular if one only and shall be plural joindy
~ and sevezally, if more than ont, and shall be masculine, feminine and/or neuter, wherever the context so implies or admits.
~ Md said Mortgigor for himself and his heirs, legal cepresentatives, successors and usigns, hereby covenanu and agrees
~ to and w~th said Mortgagee, his legal representativcs, successozs and assigns:
1. To pay all and singular the principal and interest and the various znd sundry sums oE money p~yable by virtue of
said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally betome due.
~ 2. 7o pay all and singular the taxes, assessments, levies, liabilities, obligations nnd incumbrances of every nature and
kind now on said described property, and/or t}ut hereafter may be imposed, suffered, placed, levied or assess~d ehereupon,
~and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured, hereby each and every,
when due and piyable according to law, before they become delinquent, and before anp inter~st attaches or any penalry u
incurred and in so far as any thereof is of record the same shall be promptly satisfied and discharged of record and the or-
iginal official document (such as, for instance, the ua receipt or the satisfaction paper officially endorsed or cereified) shall
bt placed in th~ hands of said b4ortgagee aichin ttn days next after paymen~ and in the event that ar,y chereof is not so
paid, satisfied and discharged, said biortgagee may at any time pay the same or any pasc therof without waiving or affect-
ing any option, lien, equin• or right under or by virtue of this mortgage, and ths fuil amount of each and every such pay-
ment shall be immediateir due and payable and shall bear interest from che date thereof until paid at the rate of ten per
cencum pes annum and toFethet vri:h such inter~st shall be secured by the lien of this mortgage.
3. To place and contir,uousl~~ keep on the buildings noa• or hereafter sieuate on said land fire and a•indstorm insur-
ance in the usual standard palic~ form, in a svm noc less than the hi~hest insurab]e ~•alue, in such company or companies as
may be approved by sai~ rfurtFagee; and all such insurance policies on anp of said buildinFs, anp interest therein or part
thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortRa~et clause making the
~ loss under uid po]icies, each aad ever}•, payable to siid rtortgagee as his interest may appear, and each and every such policy
~ shal! be promptly delivesed to and held by said T~fortgagee; and, not less than ten da~•s in advance of the expira[ion of each
` policy~ to deliver to said 1~torcgagee a rrnea~al thereof, together a•ith a cecript for the p~emium of snch renewal; and there
~ shaU be no such insurance placed on any of said buildings, and interest therein or part thereof, unless in the form and a7th
the loss payable as aforesaid: and in tht event an}• sum of mone}• becomes parablr under such policy or policies said Mortgagee
? shall hsve che option co recti~e ar.d ~ppl}• the same on account of the indebtedness secured hereby or to permit said IliortRa-
~ gor to receive and use it or arr part chcreof for other purposes R•;thouc chereby a•ai~•ing or impiiring any equity, lein or
~ right under or by virtue of this morc~age; and in the event said btorcgaRor shall for any reason fai! to keep the snid premises
so insured, or fail to deli~•er promptl)• any oi said palicies of insurance ro said 1~tortFaeee, or fiil prompdy to paS• fully an}~
psemium therefor, ot in an~ *~•~~ect fsil tn petform, discharFe, rxecuce, rfirc~. cnrr.rl~tA, compl}• with and abidt by this co~•-
enant, e: r•~rt `:r': ma~• p:ace ar.d r.:•~ fcr part ther~of v~•ithout QaivinF nr
~ a!(ect~nF ant option, lirr., n: iirnt under or b}~ ~•ireue of th~s r.:or;ka~e. ~:•,i :i:r iull amo~nt of each and everp such
pa~•ment shall be immed~ate:~ c~_e and pa)•~ble and shal! brar mterest from thr dair chereof uncil paid at the rate of ten
~ per cent~m prs annum ar~d t~__:'..,i ~ic~: such int~rest shall be secu:ed b~~ t?,e f:cn :L~s mort~aRe.
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