HomeMy WebLinkAbout1000 i
. ~ i
~in connection therewith, including attorneys fees, and any :
other money advanced by mortgagee to protect the mortc~aqed
premises and the lien hereof, shall be so much additional .
indebtedness secured hereby, and shall become immediately
due and payable without notice and with interest thereon at
the.rate of nine percent (9$) per annum. Inaction of mortqagee
shall never be considered as a waiver of any right accruing
!
to it~on account of any default on the part of mortgagors. i
SIXTH: That the mortgagors are seized lawfully of•the ~
above-described premises in fee simple and have good right ~
,
ta sell and convey them to mo=tgagee; the premises are free ~
. ~
and discharged of and from all taxes, tax titles or certificates, ~
judgments, mechanics' liens and encumbrances of any nature -
or kind whatsoever, except as provided herein;~the mortgagors
t
fully warrant and will defend the premises to the mortgagee
against the lawful claims and demands of all persons whomsoever
and will make such further assurances to perfect fee simple ~
title to the land in the mortgagee as reasonably may be ~
~
required; and that the mortgagors will pay the several suins . ~
of money agreed in the note to be paid and all installments
of principal and interest promptly when due, according to
,
~ the true tenor and effect of the note. ~
~ SEVENTH: The mortgagors will pay all and singular the ~
~ taxes, assessments, levies and encumbrances of every nature
~ .
~ on the above described property and.~upon this mortgage and
~ ~
~ note, or the money secured by them before their delinquency
~ and make all payments due under the escrow agreement of the
~
senior mortgage. If they are not paid promptly when due, the
mortgage (without obligation to do so) may pay them without
waiving or affecting any right contained in this mortgage or _ ~
the note and charge the sums so paid, together with a service ?
~
~ fee of ten percent (10$) of their amount, to the mortgagors;
~ and such sums of money shall bear interest from the date of
~
~ payment at the rate of nine percent (9) per annum. If said
a
encumbrances including escrow are not paid by mortgagors to
~ the mortgagee by the date the taxes, assessments or levied
~
become delinquent, the mortgagee then may order a tax search -
of the public records to determine the true status of the
~ taxes, assessments or levies and charge the cost of the
~
~
~ search to the account of the mortgagors, and that charge
~ 0 R ~?-t ~1 ~1f1A