HomeMy WebLinkAbout1068 , .
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~ aon~~at of th• holdar. . . ~ ~
?Q• l~ostsa~os;pro~i~~s ~o ~ak~ all p~ya~at• s~qnis~d.b~ said
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~ not~~ and tbii ~ostgas~~pro~ptl~ rh~n du~; to pa~ a11 t~:~s,.~~~~~a-
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f ~~~at~. and li~n• vitb r~ap~ct to th~ aor~gag~d prop~sty b~tor• tLi
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•t~~ b~cos~ d~linqu~nt; to co~ait, p~r~it, or au!!ar no vaat~, i~pais-
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s,nt, os d~terioration o! tha ~ortgag~d prop~st~; and to pa~ a11 costs
of collection, includin~ attorn~ys' f~es, i~asonably~inearr~d b~ t6• ~
~ortsag~• b~caus• o! tbe failusa o! the 1[ostgagos to cosply •ith th~
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. a~r~~~~nts in said not~• or lhi~ oortgsg~,,or sith~r.
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. . ~f !ha 2[ortga~or faila to pay ao~ tases,'_a~~~~~~~ats, or
liens ~ith reap~ct to•the ~ortgagad prop~sty befora tb• sa~a beco~~
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dalinqu~nt, the kortgagee a~y pay the sa~~, ~ithont ~~iving th~~•option
to _ foseclose, and such pay~a~nt• shall b~eco~~ par! o! tha -iadebtsdn~as ~
seoured by thia vostgage, shall bacone ia~asdiately das and payabie. ~
• and shall baar iat~rest at tb• rate o!` ten per aent pet ~~ar.
~ It any agree~aent in thts ~ortg~~a i• ~aterially breached
; ~ aad.the.breach is not cured and re~ediad vithin three da~a afesr the ~
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~ Ztostgagee has givan notice thereof to tha ![ortgagos, or i! any~p~~-
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~ - ~ant.reqnisad by said notea is not ~ade vhen dne or vithia ~birty ~
~ ~ days theresfter, the ~ortgagee say deciare tba entir• unpaid balanc~s :
. of said note• accelerated and due and p~~able lorthwitb, anything ia
said note• to the contsasy notvithatandiog, and th~.lailuse to eser.. ,
ciae said option •hail not vaive the right to azercise it in the
event of a continuing or subsequant dsf~ult.
If the liortgagee institute• proceedings to for~cioa• tbis
, ~arrtgage, the l~ortgagsa ahall be entitled to th• appointaeat o~ a re.. ,
ceiver to collect tha inco~e and prolits ~ro~ tb• ~ortga~ed psopssty,
` ' and apply the¦ aa directad b~ a coast o! co•p•t•ar ~arisdiction.
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' regardless of the •olvency o~ the ~ortgagor or th• adaqnacy o! _
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ths aecurity.
: ' ?6e ~ortga~or agr~ea, !or so loog •a aay part o! th• indebt-~.
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. adness •acursd by tbis ~osLgage re~ain• nnpaid, to pr~~erve,
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~aiotain, and care ~for the citrns gsove upon the ~ortgaaad _ _
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~ ~ ~ propert~, sucb care aad ~aintanas?c~ to iaclud~ ail sea~oaable and
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~ • naa~asar~ callivating, apsa~in~, dusting, praning, fartilisins,
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