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HomeMy WebLinkAbout1962 ~ • i ~ ~ ~ . _ ~ and the co$t thereof with interest thereon from the date of pay- ~ t 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 ! . , , 5. To conanit, permit o= suffer no waste, ~impaira~ent or ~ ~ deterioration of the mortgaged property; . i k • 6. To pay all expenses reasonably incurred by the ~ ~ ~ ' mortgagee because of failure of the mortgaqor to comply with ~i the aqreementa in that note or this mortgage, including reason- able attorney's fees. The cost thereof, with intereBt thereon j ~ ~ from the date of payment at the same rate as specified in that ~y ~ . ii: , note, $hall a1BO be secured by tbis mortgage. ~ 7. If any payment provided for in that note is not paid ' ~ 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 ; mortgagee may foreclose thia mortgage in the manner provided by law, and have the mortgaged property sold to satiafy or apply on k the indebtedness hereby secured. B. The rents and rofits of the mort a ed ro ert are P 9 9 1~ P Y also hereby mortgaged, and if proceedinge to foreclose tbis , . 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 . ; SSAI~) - tb A. Gr f . s . . ~ ~ - ~ . u?w o?w~css ~7~ r~x~~~ r • WILL.~B, BITTAN 4 GRIRFIN R~~'~ tf 0. ~OX ~Oi~ . . . 1 ~ /OR! P1ilIC=. ~1.0111DA , ~ ~