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<br /> to aanvay the same, and �hat MorCgagora warraat and will delend �
<br />_= th� titls to seid pr�miaas agAin�t tha l�wfal alaims o� all `
<br /> p�rson� who�soaver.
<br /> This Kortgag� is qiv�n to seaurs the pnymant o! the
<br /> .. prfnaipal stur o! 518,554.77 and interast tharaan, aaaording to
<br /> = ths tarss o! a certain Promissoxy Note dAted Deaember 7, 1995,
<br /> = execut�d by tha Kortgagore to the Mortgagee, due the 7th day of
<br />_ Dsceabar, 2008.
<br />� Tha liortgagore� further aqree to mainta�in insurance upon the
<br /> abovs desaribed premises in an amount not lesa than the
<br /> indsbtednass duo tha Mortg�►ges with a loss-payable alauee in
<br /> , f�vor of tiaxtgaqora and Mortgagee aa thair interests may appear. _
<br /> 7.'he Kortqaqors aqrae to pay all taxes and assesanents upon
<br />.� eaid premises and all other taxes, levies and assesamen�s levied
<br />- upon this liartgaqe and the Note which this Mortga�ge is qiven to
<br /> - secure before the same become delinquent. In the event the
<br /> . Mortgagors shall fail to obtnin suoh insuranae or pay such taxes
<br /> before delinquent, the Mortgagee may purchase auch insurance and
<br /> pay auoh taxes or other lie�s and shall have a lien secured
<br />_ � hex�eby for the amount so advnnaed with interest thereon at the
<br /> rate of sixteen peraent (16�) per annum.
<br /> � In the evant of default in the performance of any ot ttie
<br /> � terms and aonditiona vf this Mortgaqe or the Note seaured by it,
<br /> the idortgeqee shall be entitled to immediate possession of the
<br /> property nbcve de�cribed and all the rents, revenue dnd inaome
<br /> • derived therelrom durinq such tine as the Mortgaqe indebtedness
<br /> * ruaains unpaid shall ba applied by the Mortgaqae to the payaent
<br /> a ot th� Not4 and aii other euas securad heraby aftsr deduction af •
<br /> t any neaessary aoste of aollection.
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<br /> } In the event the Mortgaqora default iri the payment o! said
<br /> �; indebtadnsss or any iastallment fihereof, or fail to pertora any
<br /> �'`; ot the other agreements herein, the Mortqagee at Mortgagae's
<br /> '�f alsat3on aay declare t3ia entire debt secured by this Mortqage to
<br /> be dua and colleatible at oncet and may forealoas this Mortgage
<br /> � for the sntisPaction thereof.
<br /> ,;� Siqned this '�R.day of March, 1997.
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