HomeMy WebLinkAbout1412 tion of any pereon obligated to pay eaid notea or eithar of thea.
S~: In case aAy psy~ente of intereat and,/or principal
hereinabove provided for be not pro~ptly paid as they becom~ due and
payable, without demand, according to the tenas snd tsnor hereof.
~ or if each and every of the atipulations, agreements, cov~nanta and
conditiona of tha above described notea and mortgggea as hqrein
~wdified, and of these presents, any or either,~are not duly performed,
cvmplied with and abided by, then and in either of such eventa, the
balance then unpaid of the principal sum of said notee as herein
modified, with the accrued intereet, an~d all other eums provided for
in and by said caabiried mortgagea, ehall, without notice, at the
option of the party of the eecond part, becaae im~ediately due and ~
payable and said canbined mortgaqes may be foreclosed in the manner
and as fully and co~pletely and with the same effect as if the~in-
debtedneas of said notes w~ere originally stipulated to be paid on that
date or had otherwise matured, anythinq in the above described cas-
bined mortgages, said principal notee, or herein, to the contrary
notwithstandinq.
~i
n disbursement b it of the additional loan evidenced
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~ by the note discribed in paragraph numbered 2 of this Aqreement,
~tATIO~~AL LIFS INSUBA~iC~ Ca!lPA~iY shall be deemed and construed to have
accepted, ancl ehall be bound by, this Agreement.
T'his agreement shall be bindinq upon an~d shall inure to the
benefit of the heira, executors, acl~inistratore aad aesiqna, or suc-
ceseora and assiqn, of the parties of the first and second parta.
The w~orda "partiea of the first part" ss her~in u~ed inFlude
- the singular a• w~ell a8 tha plural.
IDT NIT~iBSS WI~RSOF, l~TCOeT, I~1C. , OF FORT PI8RC8, doinq
business a~ FT. PIS~ ~itJjtSIbH3 A~ID C~1VAI~SSCEbIT HOI~, has caused these
prasants to ba executed in it• corporate nass aud it~ corporate aeal
to be hereunto duly affixed by ita ot~icers ther.uato duly authorized,
aooK~.74 P~14a8
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