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8. That Mortgagee is hereby given a lien upon all
property of each Mortgagor now or at any time hereafter in the ~
possession of the Mortqagee in any capacity whatsoever, includinq ~
but not limited to any balance or share of any deposit, trust, or
agency account as security for the payment of this indebtedness.
Mortgagee shall have the right, at its option, to offset, upon any
delinquency of payment hereunder by Mortgagor, any indebtedness
owed by Mortgagee to each Mortgagor reqardless of the capacity of
such indebtedness. This mortgage is further qiven as security for
any and all indebtedness owed by Mortgaqor to Mortqagee now or in
the future regardless of the form of such indebtedness or the
capacity of the debtor.
9. That (a) in the event of any breach of this mortgage
or default on the part of the Mortgagor, or (b) in the event that
any of said sums of money herein referred to be not promptly and
fully paid without demand or notice, or (c) in the event that each
and every tne stipulations, agreements, conditions and covenants
of said notes and this mortgage, are not duly, promptly and fully
performed; then in either or any event, the said aggregate sum
mentioned in said notes then remaining unpaid, with intere~t accrued
to that ti.me, and all other moneys secured hereby, shall become due
and payable forthwith, or thereafter, at the option of said Mort-
gagee, as fully and completely as if all of the said sums of money
were originally stipulated to be paid on such day, anything in said
notes or in this mortgage to the contrary notwithstanding; and
thereupon or thereafter, at the option of said Mortgagee, without
notice or demand, suit at law or in equity, may be prosecuted as if
all moneys secured hereby had matured prior to its institution. The
~iortgagee may foreclose this mortgage, as to the amount so declared ~
due and payable, and the said premises shall be sold to satisfy and
pay the same together with costs, expenses, and allowances. In
cases of partial foreclosure of this mortgage the mortgaged premises
shall be sold subject to the continuing lien of this mortgage for
the amount of the debt not then due and unpaid. In such case the
provisions of this paragraph may again be availed of thereafter
from time to time by Mortgagee.
; 10. That the Mortgagor will give immediate notice by
° mail to the Mortgagee of any conveyance, transfer or change of
4 ownership of the premises.
~ 11. That any conveyance or transfer shall contain any
~ assumption and aqreement by the grantee to pay this mortgaqe and
~ the promissory note or notes secured hereby, and failure to make
such provision in said conveyance or transfer shall, at the option
of the Mortgaqee, constitute a default of this mortgage, and the
Mortgagee may, at its option, accelerate the entire amount due
hereunder.
12. That a waiver of any covenant herein or of the obli- ~
~ gations secured hereby shall not constitute a waiver of any subsequent
default hereof or of the note or notes secured hereby.
13. That if the Mortgagor defaults in any of the covenants
or agreements contained herein, or in said notes, then the Mortgagee
may perform the same, and all expenditure (including reasonable
~ attorney's fees) made by the Mortgaqee in so doing shall draw inter-
est at the rate of eight pe~ centum (8$) per annum, and shall be ~
repayable immediately and without demand by the Mortgagor to the ;
Mortgagee, and, toqether with interest and costs accruinq thereon,
shall be secured by the mortgage. ~
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