HomeMy WebLinkAbout0973 7. In the event damages are awarded for the taking of, or
injury to, the mortgaged property under the power of eminent
domain or other~~ise, all such damages shal~ be paid to and
received by the Mortg~gee to be applied as a payment upon such
part of the indebtedness hereby secured, as the Mortgagee may i
elect, without affectinq the amount of, or time for payment of, `
any other installments required hereunder, whether or not such
indebtedness to which such damaqes may be applied is then due and
payable.
8. That if any action or proceeding, shall be commenced by
any person other than the holder of this Mortgage (except an
action to foreclose this Mortgage, or to collect the debt secured
thereby) to which action, or proceeding, the holder of this
Mortgage is made a party, or in which it shall become necessary to
defend, or uphold, the lien of this Mortgage, all sums paid by the
holder of this Mortgaqe for the expense of any litigation to
prosecute, or defend the rights and liens created by this Mortgage
(including reasonable attorney's fees), shall be paid by the
Mortgagoz on demand, together with interest thereon, at the rate
of ten per centum per annum, and any such sum, and the interest
thereof, shall be secured by this Mortgage. .
9. Al1 remedies provided in this Mortgage are distinct and
cumulative to any other right or remedy under this Mortgage or
afforded by law or equity, and may be exercised concurrently,
independently or successively.
~10. This is a Purchase Money First Mortgage upon the
described property.
The terms "Mortgagor" and "Mortgagee" whenever used in this
instrument shall include the heirs, personal representatives,
successors and permitted assigns o£ the respective parties hereto.
Wherever used the singular number shall include the plural and the
plural the singular, and the use of any gender shall include all
genders. ~
~ IN WITNESS WHEREOF, the parties hereof have set their hands
and seals th~ day and year first above written.
Signed, sealed and delivered MORTGAGOR
in the presence of: ~ -
•
(SEAL)
= . LL
~ - j'
,
, ~ / ~ , i
~
? , /~jl~t~!'/r~ ~ _ .l~- ( SEAL)
~
~ CHRISTINE B. NALL l
t
~ ~
~ ~
?
~
In Payn~enl OF Tdxs~
Receive~ $ , 4 QArs,~nal Prcpa~y~
Due On C1ass C~ Ir. -n~
~ Pursuen~ To Chz;~'~' 7'~ Ac~s 04 1971•
Gt t 5
. s-- -a~ -
.
~ d~~ Cka~il Cou~t, SY. 1~1,;c, Co., F
~
. ~ . M" ' _ . . . , , ~
S" ?J /
" F _ . ~ - . i„ Ir
- 4 -
B~~K 579 ~~~f ~7~
_ _ ~