HomeMy WebLinkAbout1656 ~ due date of the af'oremenxioned amouats the ~unsunt then oa de-
poeit therefor shall be ineuffioient !or the pa~ent ~f euoh ~
item in full, the llortgagor Mithin ten (10) d~ya after demAnd
ahsll depoait the amount af the defioienoy ~+ith the Ksrt~ee.
Nothing herein oontained ehal.l be deemed to af'feot a~y right
or remedy of the 1[ortgagee under any provieions of thie
Mortgage or vf any etatute or rule or la~ t• pay ar~r such
amount and ta add the amsuat e• psid tog~ther ~ith interest
at the l,e gal rate t• the indebtedness heraby aeaured.
(b) ~e Mortgagor ~ill pay, from time to time Nhen the
asme ahall become due, all lAwPul claime and demands 0f ineehanfee,'
materia3.a~?en9 laborere, and others which, ~.f unpaid, might resul-t
. in, ar permit the ereation of, a lien on the.Mortgaged Praperty ~
or ar~y part thereof, or on.the revenuea, rente, iaeuas, income
and prafita ariaiing therefrom and in general will ds or cause to
be done evex~ything neceaeary eo t2~ t the lien thereaf ehall be
~ fullp preserved, at the coet of the Kortgagor9 Nithe°~t eapenee to ` ,
~ the Mortigagee.
V
~ (c) Nothing in thie 3ection 1,07 ehall i*equire the
payment or diaaharge of any abligation imposed upon the Mortgs~gor
by thls Seetion so long aa the Mortgagor ehall in good
faith and at ite or~n eapenae contes~ the same or the vs~lidity
thereof by apprnpriate legal proceeding Mhich ahall eperate to
prevent the eollectlan thereof or other realizati~n thereon and ~
the sale or fsrfeiture of the Premiaea or ar~y p~.rt there of to ~
. !
aatiafy the a~me; provided tha~ during such contest the
Mortgagor ahall, at the option of the Kortgagee, p?~ts~ldt aa~ (
1
curity 8atisPactory to the 1[ortgagee, ~ suring the diacharge of ~
~
the Mortga,gor ~ a obligation hereunder and ar~y ~3diti0nal ~
charge, penalty or eapenae arieing Prom or ipcurred aa a ~
~
. ~
;
~ I-5 e oK174 894
,
~
- ~i74 ~1652 ~