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86-- 10515.D <br />levied against said real properties, and all other taxes, <br />levies and assessments levied upon this Mortgage or the Note- <br />which this Mortgage is given to secure, before the same <br />becomes delinquent, and to keep the buildings and <br />improvements on the above described properties insured <br />against damage by fire and all other hazards in amounts and <br />with companies acceptable to the mortgagee, with any loss <br />proceeds payable to the mortgagee as its interests appear <br />hereunder, to keep the buildings and improvements on said <br />properties in good condition and repair, then these presents <br />to be void, otherwise to be and remain in full force and <br />effect. <br />IT IS FURTHER AGREED (1) That if the mortgagors <br />fail to pay taxes or procure such insurance as above des_ <br />cri-bed, the mortgagee may pay such taxes and procure such <br />insurance and the sum so advanced, with interest at 12 <br />percent: per annum, shall be repaid by said mortgagors, and <br />this Mortgage shall stand as security for the same (2) <br />That a failure to pay any amount due hereunder, either <br />principal or interest, when the same becomes due, or a <br />failure by mortgagors to comply with any of the foregoing <br />agreements, shall cause the whole sum of. money herein <br />secured, including principal and interest, to become due and <br />immediately collectible at the option of the mortgagee (3) <br />If all or any part of the above . properties are sold or <br />transferred by the mortgagors, the mortgagee may, at its <br />sole option, declare all sums secured by this Mortgage to be <br />immediately due and payable. <br />SIGNED this 5th day of September, 1986. <br />Witness <br />WitnessTF�BN <br />M <br />-2- <br />i <br />