HomeMy WebLinkAbout1962 ~ • i
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and the co$t thereof with interest thereon from the date of pay- ~
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ment at tbe eame rate as specified in that note~ ahall aleo be '
secured by this mortqage. If a~y aum becomes payable under euch
. ~ policy, the mortgagee may apply it to the indebtedneae secured . ,
~ by this mortgage or may permit the mortgagor to use it for other ?
+ ' purposes, without impairinq the lien of this mortgagei !
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, 5. To conanit, permit o= suffer no waste, ~impaira~ent or ~
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deterioration of the mortgaged property;
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k • 6. To pay all expenses reasonably incurred by the ~
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mortgagee because of failure of the mortgaqor to comply with
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the aqreementa in that note or this mortgage, including reason-
able attorney's fees. The cost thereof, with intereBt thereon
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~ ~ from the date of payment at the same rate as specified in that ~y
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, note, $hall a1BO be secured by tbis mortgage.
~ 7. If any payment provided for in that note is not paid '
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within thirty daya after it becomes due, or if a~ciy agreement in
- this mortgage other than the agreement to make the payments is
breached, the ent-ire unpaid principal balance of that note shall
im~nediately become due at the option of the mortgagee, and the
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mortgagee may foreclose thia mortgage in the manner provided by
law, and have the mortgaged property sold to satiafy or apply on
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the indebtedness hereby secured.
B. The rents and rofits of the mort a ed ro ert are
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also hereby mortgaged, and if proceedinge to foreclose tbis
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mortgage shall be instituted, the Court baving juriBdiction
thereof should appoint a receiver of the mortgaged property, and
apply those rents and profits to tbe indebtedness hereby aecured,
regardless of tbe solvency of the mortgagor or the adequacy of
. the security.
Signed, sealed and delivered ' 'i
i the presence : ~ ~ ~s~'~
awrence L. Grif n
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tb A. Gr f . s
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• WILL.~B, BITTAN 4 GRIRFIN R~~'~ tf
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/OR! P1ilIC=. ~1.0111DA
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