HomeMy WebLinkAbout2666 amended, or any chapter or part'thereof, or under any
other act or law, now or hereafter existinq, whether
State or Federal for the relief of debtors, or; a re-
ceivor or trustee is appointed for it (him) or for any ~
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substantial part of its (his) assets, or; if any proceed-
-
ings are instituted for its dissolutxon, or its full or
Si
partial liquidation; or if any involuntary petition in
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bankruptcy or other receivership proceeding is filed
against it (him) and san~e is not discharged within thirty
(30) days of the date of said petition, or; if it (he)
makes any assignment for the benefit of its (his) credi-
tors.
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In the event of any default as hereinabove defined, the
Mortgagee, at its option, may immediateZy or thereafter. declare this
Mortqage and all indebtedness Becured hereby immediately due and
payable; provided, however, that the Mortgagee agrees not to exercise
this option to accelerate if said default is made good within ten r
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(10,~ days of the date hereof . •
28. OBLIGATION TO PAY TAXES: _ ~jt-
The Mortgagor will pay all filing, registration or recording
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fees, and all expenses incident to the preparation, execution and ack-
nowledgment of this Mortgage or any mortgage supplemental hereto, any j
security instrument, and any other instrument, and all Federal, State,
County, and Municipal Stamp Taxes and other taxes, duties, assess-
ments and charges arising out of or in connection with the execution
and delivery of the Promissory Note, the Mortgage or any other instru- •
ment. The provisions of this paragraph shall survi~e the satisfaction "
and discharge of the Mortgage continuing to be tl~e obligation of the
.
Mortgagor and guarantor thereafter provided, however, that after sa- ~
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tisfaction and discharge said obligations shall not be secured by the ~
lien of this Mortgage any longer. ~
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Pg. 7 of 14 ~ ~
aoox 245 ~2s~ ~
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