HomeMy WebLinkAbout0297 reasonable attorneys' fees, abstracts of title, and title searches incurred
or paid at any time by the Vlortgagee because oi the taiiure an the part
of the .vlortgagor promptly a~d fully to perform the agreements and covenants
of said note and this Mortgage (whether suit t~ 5r~~y- or not} . S~f~ cost~,
charges and expenses shali be fmmediately due and payable and shall
be secured by the Iien of this 1trSortgage, and such expenditures shall draw
interest at the rate of fifteen per ce~tum (15$) per a~num . Such costs,
charges and expenses shall include, but not be llmited to, expenses of repairs
to any of the Collateral and expenses of repairs to any realty or other property
to which any of the Collateral may be affixed or be a part, and the expenses
of its retaking, holding, preparing for sale, sel2ing, or the like.
9. Default . In the event:
(a) There is any breach of this t.4ortgage or any default on the
part of the ivlortgagor; or
(b) Any of said sums of money herein referred to be not
promptiy and fully paid without demand or notice; or
(c) Any warranty, representation or statement furnished
to Mortgagee by or on behalf of !Mortgaqor proves to have
been false when made or furnished; or
(d) ':iortgagor files a petition in bankruptcy, is adfudicated
a bankrupt or files a petition or institutes any proceedings or any
proceedings are insiituted against ft under the National Hankruptcy
Act; or ~
(e) In the event ihe stipulations, aqreements, conditions and
covenants of said note and this ":iortgage are not duly, promptly
and fully performed;
then in either or any such event, the said aggregate sum mentfonecl in sai~l
note then remaining unpaid, with interest accrued to that time, and all
moneys secured hereby, shall become due and payab2e forthwfth, or thereafier,
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