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86106915
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86106915
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Last modified
10/18/2011 9:43:40 PM
Creation date
3/31/2008 3:38:32 PM
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DEEDS
Inst Number
86106915
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t6-- 106915 <br />successors and assigns of Mortgagor, and shall inure to the <br />benefit of the Mortgagee, its successors and assigns. It is <br />further agreed' that if there is any change in the ownership of <br />the real estate mortgage herein, by sale or otherwise, then the <br />whole indebtedness hereby secured shall, at the option of the <br />Mortgagee, immediately become due and payable without further <br />notice, and the amount due under the note and this mortgage shall <br />from the date of the exercise of said option bear interest at the <br />rate specified in the Promissory Note referred to herein and this <br />mortgage may then be foreclosed to satisfy the amount due on said <br />note. <br />9. Mortgagor further agrees that if default be made in <br />payment of said note, or any part thereof, or in the performance <br />of any of the covenants herein contained, and such default <br />continues for thirty (30) days, then, or at any time thereafter <br />during the continuance of such default, the said note, less <br />interest for the expired time, shall at the option of the legal <br />holder thereof, become at once due and collectable after giving <br />thirty (30) days written notice to the shareholders of Hamilton <br />Chevrolet Cadillac, Inc., and the whole of said indebtedness <br />shall bear interest at the rate specified in the Promissory Note <br />referred to herein, from the date to which interest has been paid <br />and this mortgage may be foreclosed to satisfy the amount of the <br />debt, including advances, interest, attorney's fees and costs. <br />10. It is further agreed that in case of a default in the <br />payment of said principal note, or any part hereof, as it shall <br />4 <br />t a € <br />i.r <br />L. <br />
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