HomeMy WebLinkAbout0218 succc~ssc~rs. lc~~;al rrprrsentatives and assi~ns~ will ~iiake such further ~
assurance to perfect the fee. simple titlc to said land in said Mort~;a~;~~, iis
successors, lc:gal reprc•scntatives and assi~ns~ as may reasonably be~ required,
and that said 1~tortga~;or does hereby fully warrant the title tc~ said land and
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~vill defend the saiiie against the lawful claims of all persons «~hontsoever. ~
PROVIDED ALV~'AYS, that if "Borro~t~c r" shall pay unto the said
Mortgagee all obligations due Mortgagee. and if "Borro~ver" shall faithfully
periorn~ each and cvery obligation provided for in the above described agree-
Il1Ct11S, nutes, securit~~ aKreements or other evidences of indebtedness and
any rene~~~als. niodificati~~ns or extensions thereof, and i1 "Borro~~er" shall
repa}~ any and all obligations nos~• due or to bPCOI1IE: C~UE: to Moi-tgagee~
re~ardlc~ss of ho~•ever or whenever created. then this deed and tht: estate
}~erc:b~ created shall cease and bc: null and ~•oid. Mortgagor herein expressly _
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aQrees that the Mort~ageE shall have the right v~~ithout notice to deal in any
~•ay at any time ~t~ith ''Borrower" and grant any indulgences, forbearances,
i extensions vvhatsoever and may release any of the security furnished
' 141ortgagee by "Borrow•er" all ~~~ithout in an~~ way affecting the liability of the
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Mort~aKor hereunder. :
i In the event "Borro~t~er" shall fail to pay unto MortKagee all obliga-
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~ tic~ns duc under the security a~reements described abo~•e, or an~~ security
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~ aKreement or contract ~r other evidencE: of indebtedness E:x~cuted by "dorrov~~er'~
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~ with or to Mort~aRee, ~~r any renewals, extensions or modifications thereof~
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$ and if ~'Fiorro~a~er" shall fail to faithfully perform each and c:very obligation
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~ pro~•ided for in the above described agreements, notes, security a~reements
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~ ~~r ~ther evidenc~ of indebtedness and any renewals. modifications or ex- ~
~ tPnsic>ns thPreof, and if "Borrower" shall fail to pay any and all obli~ations
~ novv due c,r to become due to MortQagee, reKardless of however or whenever
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- created, then the an~c>unt due hereunc3er shall be equivalent or any balance in
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default by "B~rr~~wer" t<~ the MortQaKee to~ether with interest, court costs
~ and re:asonable attorney`s fees. j
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