HomeMy WebLinkAbout0266 parties hereto that the same will be satisfied and cancelled of ~
record by the holders thereof at or about the time of the recording
of this Mortgage .
30. ~ In the event any one or more of the provisions contained
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in thts Mortgage or in the Morytgage Note shall for any reason be
hetd to be inapplicable, invalid, illegal or unenforceable ir? any
respect, such inapplicabiltty, invalidity, ittegality or unenforce-
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ability shall, at the option of the Mortgagee, not affect any other ~
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provtston of this Mortgage, but tl~is Mortgage shall be construed .
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as if such inapplicable, invalid, iltegal or unenforceable '
provision had never been contained herein or thcrein.
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3l. All notices hereunder shall be in writing, and shall ;
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be deemed.to have been sufficiently given or served for all ~j
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purposes when presented personally or sent by telcgraph or by ~
registee^~d or certified mail with return receipt requested to any
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party hereto at its address stated below, or at such other address
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of which written notification has been given to the other party.
~ 32. Alt of the grants, covenants, terms, provisions and
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~ conditions herein shall run with the land and shall apply to, bind ;
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and ir~ure t~ the benefit of, the successors and assigns of tt~e ~
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~ Mortgagor and the successors and assigns of the Mortgagee . ;
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~ 33. That, if required by Mortgagee, the said Mortgagor witl
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~ pay unto the Mortgagee, on the first day of each and every
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consecutive month, a sum equal to one-twelfth of the annual amount
~ necessary to pay all taxes and assessments against the said
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~ Mortgaged Premises, said~ monthly sum to be estimated solely by !
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~ Mortgagee and calculated to be an amount not tess than the amount ;
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of taxes assessed against said Mortgaged Premises for the previous
~ year, and if further required by Mortgagee to pay all insurance
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