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HomeMy WebLinkAbout1299 • ; 1 i for a period of thirty days the holder of this note may, at its option, declare all the remainder of said debt due and collect- ible and any failure to exercise said option shall not consti- ~ tute a waiver of the riqht to exercise the same at any other time. In the event of default in payment of this note and if the same is placed in the hands of .an attorney for collection, I, we, or either or us, aqree to pay all costs of collectior?, includinq a reasonable attorney's fee. In case payment shall not be made at maturity, the makers, suretiea, and endorsera, jointly and ~ev- erally aqree to any extensions or renewals wfthout further notice, bindinq ourselves for payment hereof, as if no extensions of time or forbearance of payment had been made or qranted. I, or we, and each of us Whether principal, surety, quaran- tor, endorser, or other party hereto, agree to be jointly and ' severally bound. I,•or we, each further waive demand, protest, and notice -of demand, protest, and non-payment. Given under the hand and sea ch party. g~ _ (Seal) i . g/ (Seal) and aqrees: ~ 1. To make all payments required by that note and this mort- qaqe pronaptly When due . 2. To pay a21 taxes, assessments, liens and encumbrances on that property promptly when due. ~ If they are not promptly paid the Mortqagee may pay them without ~ waivinq the option to foreclase, and such payments, with interest thereon from the date of payment at the same rate as specified E in that note, shall also be secured.:by this mortqaqe. ~ ~ ; 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaqed property. ~ . ~ 4. To pay all expenses reasonably incurred by the Mortgagee ~ because of failure of the Mortgaqor to comply with the aqreements ~ in that note or this mortgaqe, including reasonable attorney's fees. The cost thereof, with interest thereon from th~ day of ~ payment at the same rate as specified in that note, shall also be ~ secured by thi~ mortgaqe. ~ ~ 5. If any payment provided for in that note is not paid ~ within 30 days after it becomes due, or if any aqreement in this ~ mortqage other than the agreement to make the payments is ~ breached, the entire unpaid principal balance of that note shall ~ . immediately become due at the option of the Mortqaqee and Mort- qaqee may foreclose this moztqaqe in the manner provided by law, . ~ and have the mortqaqed property sold to satisfy or apply on the j ~ indebtedness hereby secured. . _ : ~ 6. The rents and profits of the mortgaged property are al- so hereby mortgaqed and if proceedings to foreclose this mort- = qage sh"all be instituted,. the court havinq jurisdiction thereof ~ should appoint a receiver of the mortqaqed property and apply n~ those rents and profits to the indebtedness hereby secured, re- ~ qardless of the solvency of the Mortqaqor or the adequacy of the ~ ~ security. i E ~ - ~ ~ ~ ~ ~ ~ ~ 190 i~ ` . ~ ~ ~ ~ ~ ~ _ ~ _ I ~ a _ ~A.~