HomeMy WebLinkAbout0587 expense and reasonable agent's and attorney's fees which it may
expend or become obligated for in proceedings,'legal or otherwise,
to establish or sustain the lien hereof or its priority, or in de-
fending against liens, claims, rights, estates or easements of any
person or persons asserting priority hereto, or in payment, settle-
ment, discharge, or reiease of any asserted liens, claims, rights,
easements or estates on counsel advising Mortgagee that the same
is superior to the lien hereof, or for an abstract or supplemental
abstract, together with interest on all such sums so paid at the ~
rate of fifteen per cent <15$) per annum on the date the same are
paid. Mortgagor also covenants and agrees to pay all costs,
charges and expenses, including reasonable attorney's fees and
coramissions and abstract charges or expenses paid or incurred by
. ~
Mortgagee in connection with any suit to enforce collection or to
foreclose this mortgage in the event this mortgage and the note or
other indebtedness and amounts hereby secured be placed in the
hands of an attorney for collection, and for the payment of all
such amounts this mortgage shall stand as security and any such sum
or sums so paid shall become a part of the indebtedness secured
- hereby.
7. In case Mortgagor shall fail to promptly discharge any
obligation or covenant as provided herein, Mortgagee shall have the
option, but no obligation, to perform on behalf of Mortgagor. Any
amount which Mortgagee may expend in performing such act or in con-
nection therewith, with interest thereon at the rate of fifteen per
cent (15$) per annum, together with all expenses, including reason-
ab2e attorney's fees incurred by Mortgagee, shall be immediately
payable by Mortgagor and shall be secured by this mortgage, and
Mortgagee shall be subrogated to any rights, equities or liens so
discharged.
- 8. That if the principal or interest on the note herein
described or any part of the indebtedness secured hereby or interest
thereon be not paid when due, or if Mortgagor shall fail to pay any
taxes, assessments, charges, or impositions as the same become due
Page Four -
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