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HomeMy WebLinkAbout2560 waivxng the opti an to fo recl o se , and the co st there of , with intere st thereon from the date of payment at the same rate as specified in that note, sha1l al so be secured by this mortgage . If any sum becomes payable under such policy, the Mortgagee, LOUIS R. BRESSLER, may apply it to the indebtedness secured by this mortgage, or may permit the Mortgagor, WILLIAM J. MATHESON, to use it for other purposes;~ without impairing the lien of this mortgage. 4. To commit, permit, or suffer no w~ste, impairment, or deteriora- tion of the mortgaged property. S. ~'o pay all expenses reasonable incurred by the Mortgagee, LOUIS R. BRESSLER, because of failure of the Mortgagor, WILLIAM J. MATHESON, to comply with the agreement s in that note or this m~r~tgage , including reasinable attorneys' fees. The cost the~eof, with interest thereon from the date of payment at the same rate as specified in that note, shall also t,e secured by this mortgage. 6. If any payment provided for in that note is not paid within thirty days after it become due, or if any agreement in this mortgage other than the agreement to make the payments is breac;hed, the e:~tire unpaid principal balance of that note shall immediately become due at the option of the Mortgagee, LOUIS R. BRESSLER, and the Mortgagee, f ~ LOUIS R. BRESSLEY, may foreclose this mortgage in the manner provided ~ by law, and have the mortgaged property sold to satisfy or apply on the f - ~ indebtedness hereby secured. 7. The rent s and profit s of the morGgaged property are al so here - by mortgaged, and if proceedings to f oreclose this mortgage shaZl be instituted, the court having jurisdiction th~reof should appoint a ~ receiver of the mortgaged property, and apply those rents and profits to the indebtednes~ hereby secured, regardless of the solvency of the ~ Mortgagor, WILLIAM J. MATHESON, or the adequacy of the security. ~ Signed, sealed and delivered ~ in the pre sence of : t~ j _ ~ ~ c~n. L . (SEAL) [l' ~ _ k'~ ~ Wil l iam J. the son ~ ~ ~ : ~ ; _ ~ ~ < ~ Witness s -4- ~ Y~ - 353 raf.i(~5~ ~ - . ~ . ~ ~j ~ S~Q~211. f~i~' ~5•3~ ' A~.L ~ ~,j_-i~t Z -r-~ , . E, Ma _'"Tx''' ~ ~ t w g„ ~ ~ ~ ,s~• ~ . ~ - v~ ~c T- _ _ ,cs=~3 ,v~ ~