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HomeMy WebLinkAbout1088 ~ a- i I I 2. To pay all taxes, assessments, liens and encumbrances on (the Mortgaged Property promptly when due. If they are not promptl i paid the Mortgagee may pay them without waiving the option to fore close, and such payments, with interest thereon from the date of paysacnt dt the sautis rate as spec ifi2d in that Note, shall also be secured by this Mortgage. 3. To commit ermit, or suffer no waste, impairment, or . P deterioration of the Mortgaged Property. I~ i 4. To pay all expenses reasonable incurred by the Mortgagee ~~because of the failure of the Mortgagors to comply with the i ~~covenants, conditions and promises contained in the said Mortgage ii Note and/or in this Mortgage, including appelate costs and {reasonable attorney's fees. The cost thereof with interest thereo - 'from the date of payment at the same rate as that specified in the ~fMortgage Note shall also be secured by this Mortgage. ' i, i ~ ~ 5. If any payment provided for in that Note is not paid with in thirty (30) days after it becomes due-, or if any agreement in I _ j~this Mortgage other than the agreement to make the payments is `breached, the entire unpaid principal balance of that Note shall +'immediately become due at the option of the Mortgagee and the Mort ~~gagee may foreclose this Mortgage in the manner provided by law, and have the Mortgaged Property sold to satisfy or apply on the ink debtedness hereby secured. ~ 6. To convey and maintain public-liability insurance on the ~~Mortgaged Property in amounts and with insurance companies approved ~i by Mortagee. - j F, ' 'I j ~i 11 ~i -6- ~ ( i BQ~X~ PAGE '.~T +~i 1~