HomeMy WebLinkAbout1181 . " ~ ~
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pexform any of the covenant$ or agreements on behalf o~ the k
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• Mortgagors, and any and all such aums or expenses paid or in~
curred, with interest ~hereon from the dat~ of payment at the ~
, ~ rate of inteareat prescribed in the note aecured by this mortgage,
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~ shall also be secured by this mortgag~. .
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~ 6. This mortgage lien shall extend to and include all
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rents and profits of the moxtgTaged property. In the event ot
~ foreelosure the court is authorixed ~o appoint a receive~r of
~ ~he mortgaged property and to apply such rents or profits to r
. the indebtedness hereby secured, regardless af.the solvency of
. the Mortgagors or the adequacy~of the security.
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~ ~ ~ If any payment provided for in the note or this
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mortgage be not paid within thzrty days after it becomes due, _
~ or if any agreement of this mortgage o~her than for the payment ,
' of money is breached, then the unpaid principal balance shall
. immediately become due and payable at the option of~the Mortgagee,
- ~ and the Mortgagee may foreclose this mortgaqe in accordance ,
~ with procedures esta~lished by law, and have the.property sold
to satisfy or apply on the indebtedness hereby secured. -
8. The agreementa and promises of the note secured . _
hereby and of thia mortgage are intended to be covenants running •
~ ~with the land or of any inter~st therein, to be binding on the ;
respective promi~ors, their he~s, legal xepresentatives and :
~ assigns, and to inure to the benefit of the respe~tiv~ promisees,
~ : their heirs, legal representatives and assigns.
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9. The lien hereby cre~eted shall ceaee and become null.~ .
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t~ and void upon payment in full of the indebtedness secured by this
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~ mortgage and u,pon the full and complete performance of all the
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