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77001193
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Last modified
7/15/2017 10:15:13 PM
Creation date
9/15/2014 9:23:29 AM
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DEEDS
Inst Number
77001193
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�; � � e.. <br />� k '� ' <br />� �:; <br /> F . . . , . . . . � . , . � ;y.�+'-�y� . . <br />� � :,«i�_ . . . � . . . : � - .. � � � : . . <br /> , <br /> . ,. ,� . . . , . . . . . . . . <br /> r _ _ . .� . <br /> : e'�. � Q1193 <br /> ; <br /> 4 _ <br /> � <br /> RIllliR <br /> ' P <br /> A . To procure , deliver to , nnd maintain Lor the benefit of the Diortgugee <br /> during the ]. ife of this mortgage , original pclicies and renewals thereof , <br /> j delivered at least ten (10) days be£ore the expirution of nny sucli <br /> ; pollcies , insuring aguina [ fire and oCher insuruble hnzards , casualtles <br /> und contingencies as the Mortgugee muy require , in an umount equal [o the <br /> loan bulnnce , or for not less thau 1Q09. of the full replacemenC value of <br /> the improvements , whiciiever is greater , as estaUlished by a competent : <br /> insurance appraiser . The policy is to contnin a mortgage (loss payaUle) <br /> clause in favor of Pirat Federal . Comprehensive genernl public linUility <br /> ' inaurunce will also be oUtuined , in ta company c�cceptable to First Federal , <br /> '' Eor an nmount not less than $100 , �00 for any one person , $300 , 000 L•or any <br /> 4 single accident , or $ 50 , 000 for property dumage from claims arising from <br /> ; any accident or occurrence in or upon the subject property . Rental . vnlue - <br /> � insurance equal to the renCal value For a six—month period , as estuUliehed <br /> - by a competent insurance nppr�iser , shull also be curried throughout the <br /> j [erm oE the loan . In the event any policy is not renewed on or 6efore <br /> ` ten days of its expiration , the Mortgagee may procure insurance on the <br /> improvements , pay the premium therefore , and such sum shall become_ <br /> immedia[ely due and payable �aith interest at the rate aet forth in said <br /> NoCe until paid und shall Ue secured by this mortgage . Fnilure on che <br /> part of the Mortgagor to furnish such renewnls as are herein required <br /> or failure to pay any sums ndvanced hereunder shnll , at the option of <br /> the Mortgugee , constituCe a def-uult under the terms of this mortgage . � <br /> Tl�e delivery of such policies shull , in the evenC of defnult , constitutc <br /> k ` i an assignment of l-he uuenrned premium. <br /> D . The Mortgagor shall furnish to the r[orCgabee , the annunl Einancial <br /> stntement of Easlnk llrothers Construction Company , including profit <br /> nnd loss stutements , wiChin ninety duys after [he end of the fiscal <br /> �" yenr of Eseink Brothcrs Construction Compnny . <br /> Er �� . <br /> ' <br /> Initial <br /> � / (J. <br /> Initial <br /> ( , �,�,� � <br /> ; .,, I <br /> N .r ' <br /> . � L� - . _ . . . . � <br /> �!4 <br /> . . . . . . . . . . . . . � . . . . . . . . . . . h <br /> � <br />� ' <br />� 1 I <br />� � ___J <br />�� ; � <br />�� <br />
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