HomeMy WebLinkAbout0930 for a period of thirty days the holdex af this note may, at its i
option, declare all the remainder of said debt due and collect-
ible and any failure to exercise said option shall not cor?sti- '
tute a waiver of the right to exercise the same at any other time.
In the event af default in pay~ent.of this r.ote and if the same
is placed in the hands of an attorney for collection, I, we, or
either or us, aqree ta pay all costs of collection, iricluding a
reasonable attorney's fee. In case payment sha12 not be made at
maturity, the ~akers, sureties, and endorsers, jointly and sev- ~
erally aqree to any extensions or renewals without further notice,
binding ourselves for payment hereof, as if no extensions af time
or forbearance of payment had been made or granted.
I, or we, and each of us whether principal, surety, quaran-
tor, endorser, or other party hereto, agree to be jointly and
severally bound. Z, or we, each further waive demand, protest,
and notice of demand, protest, and non-pay~ent.
Given under Lhe hand and seal of each party.
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S/ ~ (Seal)
J L. Star
S/ ~ (Seal )
Ai y E Star y, his w' e
and agrees:
1. To make a~l payments required by that note and this mort-
gaqe promptly when due.
2. To pay all taxes, assessr.?ents, liens and encumbrances
on that property promptly when due.
If they are not promptly paid the Mortgaqee may pay the~~ without
wraivinq the option to foreclose, and such payments, with interest
thereor. from the date of payment at the same rate as specified ~
in that note, shall also be secured._by this mortgaqe.
3. To commit, permit, or suffer no waste, impairment or
deterioration of the mortgaqed property.
4. To pay a~2 expenses reasonably incurred by the uortgaqee
because of failure of the Mortgaqor to comply with the agreements
in that note or this mortgaqe, including reasonable attorney's
fees. The cost thereof, with interest thereon from the day of
payment at the same rate as specified in that note, shall also be
secured by thi~ tuortqage.
5. Zf 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
breache@, the entire vnpaid principal balance of that note sha21
. imrnediately become due at the option of the Mortqaqee an~ Mort-
gagee may foreclose ~his mortgage in the manner provided by law,
and have the mortqaged property sold to satisfy or apply on the
indebtedness hereby secured.
6. The rents and profiis of the morcgaged property are al-
so hereby mortgaged and if praceedinqs to :oreclose this mort-
gage shail be instituteci,, the court having jurisdiction thereof
should appoint a receiver of the mortqaged property and apply
tY.ose rents and profi~s to the indebtedness hereby secured, re-
qardless of the solvency of the Mortqaqor or the adequacy of the
security.
sooK194 930