Laserfiche WebLink
� . . ;���+��N_. . . . ' ...... _._ . ...__....1� ., .,.. ._. ...__.... _..._ ._ .. <br /> � •/' T�_ ';'_'�:^_T'J�4dLMt".'wf . �� ... <br /> " ' ' ' <br /> ^x+u�^V ��1fw.i11Y`+�yt•t ,r.., . _.... _ .._. <br /> i <br /> 2�'ss'ih=�,e.-.O�'_.�.. •_ <br /> 98- �oszss <br /> Scction 2.14 Mortgtgor hereby assign�to Mortgagee �11 insunnce Proceeda which i�nuY bc <br /> entiUed to recelve and such procoeds�in acq' xmau�t exceeding�1�OOO,OOU.shall <br /> be deliv�rcd to and l�eld by MortA�g� to be �pplial, At the sole elxdon and <br /> discredon of Mortgaga as to purpox aud am°unc+ � follows: <br /> {a2 ro tha payment of th�abligations of Mortgxgor sxuted by this Mortgs�ge, <br /> including� without liraitation,the Notes s�nnd thc oti�r L,c�an Locumca�s; <br /> �b� to ped'orm any covcnant or obligation of Martgs�gar wrder this Mortgagc, — <br /> the Notes or the other Loan Documents, includin8 the caring of any <br /> dafault under this Mortgage,the Notcs or the other Loan Documents; <br /> (c) to tbe cebuilding. restoration,repfacement or repair of t�is Collateral or ' ` <br /> �,.. any part thereof; or <br /> (d) to payment i�n release of such pmceals to Mv�tga�gor for a�plication by <br /> Mortgagor as Mortgagor shall re4uest in w'ritin8. <br /> Sccdon 2.15 In the event of the forxlosure of this MortgAge or other transfei uf t�ie dtle to the <br /> �c',�a�l.ir.zxtin,^�=.;��nr; in whole or in part, of t3ie indebtakxsa savred _ <br /> , hereby,�al1�right, title aud interest of Mortgagor in su�d to any i� P�1�Y <br /> then ln�fqr4t with cespect to the Callateral�or pact thareof so�f'er�d shall pASs <br /> r� rt� rn�rchaser oz.grnntee, subject to any limitatians upon tri�nsfer aa may be <br /> � providcd in any such policy. • <br /> I. �. , . <br /> SecYion 2.16 Mortgagor shall pay the princapal, interast and other charges due under the Not�es <br /> accadia8 to their respecdve terms. ' <br /> Section 2.17 Mortgagor shall pny or cauee to be paid: <br /> (a) Before the same shall become dclinquent,all taxes�assessaients and othar <br /> governmental�Quasi-8pvern�nental or public,oT ather ch�rges affoctin8 tha <br /> Collaternl and any accrued int,erest,cost and/or penalty thec+eon and�shhall <br /> submit paid receipts therefa to Mortgaga upon raluest• <br /> (b) When due� all encumbrncrces(i�ludinB anY debt secured by mortgage or <br /> dced of tcust), ieases� lkas, and/or charges, with intenst. on the <br /> Callateral ox any part thenof and all costs, fces and expenses relatcd <br /> thercto, <br /> (c) When due� all chazges for uti�ides or services includiag, but not liimited <br /> to, electricity, gas, water arid sew�er relating to th�Collgt�ral. <br /> SUPM.EMBNTAL a W►ND 4SC.AN�MORT(iAOB 13 <br />