HomeMy WebLinkAbout2205 Mortgagor fully warrants the title to said land and will defend the same against the
lawful claims of all persons whamsoever, and agrees:
1. To make all payments required by that note and this mortgage pron~ptly
when due.
2. To pay all taxes, assessments, liens and encumbrances on that property
promptly when due.
If they are not promptly paid the Mortgagee may pay them without waiving the
option to foreclose, and suCh pa~yments, with interest thereon from the date of payment -
at the same rate as specified in that note, shall also be secured by this Mortgage.
3. To conmit, permit, or suffer no waste, impairment or deterioration of
the mortgaged property.
4. To pay all expenses reasonably incurred by the Mortgagee because of fail- -
ure of the Mortgagor to comply with the agreements in that note or this Mortgage, in-
cluding reasonable attorney's fees and title searches. The cost thereof, with in-
terest thereon from the day of payment at the same rate as specified in that note,
shall also be secured by this Mortgage.
5. Not to convey all or any portion or interest in the mortgaged property
without the prior written consent of Mortgagee.
6. If any payment provided for in that note is not paid within 30 days after
it becomes due, or if any agreement in this mortgage other than the agreement to make
the payments is breached, the entire unpaid principal balance of that note shall im-
mediately become due at the option of the Mortgagee and Mortgagee may foreclose this
mortgage in the manner provided by law, and have the mortgaged property sold to
satisfy or apply on the indebtedness hereby secured.
7. The rents and profits of the mortgaged property are also hereby mort- -
gaged and if proceedings ta foreclose this mortgage shall be instituted, the court
having jurisdiction thereof should appoint a receiver of the mortgaged property
and apply those rents and profits to the indebtedness hereby secured, regardless
of the solvency of the Mortgagor or the adequacy of the security.
IN WITNESS WHEREOF, the Mortgagor has hereunto set his hand and seal the
day and year first above written.
Signed, Sealed and Delivered
in the Presence of:
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I ST.IG~~r_ ::01)N1Y FLA.
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I~X~~XXr~~~ CANHUA 3~)~Z~ RECOkC vF~'~'F,c(y CC~U~];~
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` Province of Ontario
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; I hereby certify that on this date, before me, a Notary Public duly authorized -
p in the $ta;e a County na d ve, to take acknowledgements ~e son lly appeared
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to me nown t e the pers n or perso s described as Mort agor in and who e ecuted
the foregoing mortgage and acknowledged before me the execution of same.
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Witness my hand nd off' ial seal in the count~r? and state named;i~io.~e. this }
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