Laserfiche WebLink
� .��i �.�� <br /> ,�� _ _ - <br /> -�,���s; . __ .. - <br /> � . <br /> 98� i�0�3� <br /> aa! (v) provide tlut �t caanot be reducod ae to covert�e or c�nceUed witUout <br /> thirty(30)daya prior varittea �potla to Mortsa�x. <br /> 5ection 2.12 Upoa tLe delivery of tbi� Mart��e� Mort�ar alull provide evidence tlut the <br /> insuruue requirod under Secdon 2.10 is ia effxt !a the form af A certificAtc or <br /> binder s�tiafactory w Mort�s=ee, Mort�or sh�ll, upon wr�uen rrrquat of <br /> Mortw�a, lWtnl�h to Mort�Qa the ori�inal of a�ch policy required under <br /> Section 2.10 �nd without requeat. �t laat thirty(30) d�ya prior to expiration of <br /> any such policy, praof of issuuxx or oanmitment for the iaauance af a policy <br /> oontinuing in force thee cover��e pmvided by the expirin�policy in the fonn of <br /> s certifla�te ar binder. In t4e event Mortgagor etWl fi�l to m�intain , the <br /> inaur�ncx covecage required by this Mortgage,Mor�pt�x rn�y(but shall be uader <br /> no c►blisatioa to)t�Ice out tbe roquirod policiea of inaurance and pay the precnioms <br /> on the s�me or may mWce such repaira or repl�ameats As Art neceasary and <br /> provide fcr p�ymeat thereof; and all anwunta so sdva�ed for the pr�otecdon of <br /> the CoWteral byr Mortgagee ahall beco�e an additloual obli�a�ti�o�n of Mortgagor <br /> , to MortgageG aad stu�ll be secured bp this Mort�ge, which amorws. together <br /> with interest thenon at the "Defiult Rate" �s define� in the 5ecood Ad�eadum <br /> . (hereinafter, the "Deraalt Rate")� Mortgagor a8� � WY ��' � <br /> without deman�d. <br /> Section 2.13 Atter the happe�iing of any casuvty required tfl be insured a�dnat under,� <br /> �,.�Q resWting in damage in an aa�ouat in eace�s of 5.�,000, Mortg,aa�or a6all <br /> give prwnpt written notice thereaf to Mortg�ga. <br /> . . , ._ ,_.. .. .._ ,, <br /> . �ecuoa 1.i4 Fviorigagor uereoy.�saigas icw muri�cc i�L �suri� piutiivs wiixu u�iji oc __ <br /> entidod w raxive and snch pzoceeds� in any�mount exaeding S1.U00.000,sl�ll <br /> � be de�ivci+ed w �nd held by�Mortgaga to be �pplied, at the sole election�and <br /> diecndon of Mortg�gee as to purpoee and amount,Aa fotlov►z: . <br /> ` (a) W the payment of the obligadona of Mortgagor x�cured by•thia Mortgage. � <br /> :including, without limitation, tl�e Outstanding Notea aaid Bouda and the <br /> , �' other Opaative Agrecments; <br /> � : (b) , w petforqi�any oovenant or obligitioa�of I�iortgagor under this Mortp�e. <br /> ihe Outstaading Nate� and BoMs or the othet Operative Agiroe�ta, <br /> ' . �� ineluding the curing�of yny default�nder tbis�Iot�tgAgc, the Outatandin� <br /> Notes and Ao�ds or the other Operativt Agncments; <br /> ' (c) W ttte r�ebuilding, reatoration, replaoement or repair of the ColVteral or <br /> any paR th�roof; or <br /> : • (d) W payment in rcieaae of such pxoceods to Mortgagor for sipplication by , <br /> . . Mortgagvr as Mortgagor shall request in writing. ,� '. <br /> AMBNDBD AND RETZ ATBD MORTOAOB . . <br /> (Or�d�M�d.N�b�tU 12 . <br />