76002491 - Laserfiche WebLink

Browse

_:�� :��. � i �:: - .,.',;;. �; � �. �6- ou� 491 THE h10RTGAGOR FURTi�F.R COVI:NANTS AND AGRGCS: 'Phnt Ihe A9urlgugur ��ill pay lhe indubtednese ns lirrrinb��(nrr pruvided. I � . . . . . 'I'hnt thu Murt.gagur is the awncr uf suid propi•rty in fer simple llp1l I4itl �;oud right and lawlal � aulhurilY tn sell and . . . cunvev Ihe snmc iiud lbel thi� samr is !me rmd ciear of imy liun or rncumbrance; �md Ihnl Murfgntiur ��•ill wnrrnn� nnd drt�•nd thc . . � �� title tu snid premises n�;ainst the clnims uf all Vcrsons �ahomnoi�vrr. . . . . 7'u pny immedi�dely when due and pnyublo nll genertd t:�xes. spri•ial taxrs. aprcial iis<rssmcnls, watrr ch.�rgee. sew�rr s��rv• � . � � ice chtvg�s, a�d oU:er t.exes and chnrges agninst said prnpertp. and all fnxes Ievirrl mi U�e drbt srcured hrrel�y. and tu (urnish the . � . � � . Morlgugee. u�x�n request. wilh tlir. origiwd or duplic+itc Se�•�•ipts lhcrefoe 7'hc Dlurtgaqor ��gre•cs thnl Ihen• shnll Ix� add�•d lo euch monlhl�� puymeiil required herrw�der or under lhe rvidener uf d�•bt s��cured h�•r��6y an �imount cvlimnfed by th<• n9url�:�igee � . . . .. tu he sulticient to rnable lh� �9ur�Kngei� lu pny. �i. thcy h��comi� dm•, all taxc•s, n.cessmenls. and rimil:v ch;irgcs upun ihr prrm� . . . ises subjrrt lhrretu; nny drlicii�ncy bi•cause u( l{ie insu(Iiciency of �uch additionul paymi•nLs vhall b�� furlhwilh drpuril�•d by ihe . . Mortl�ngor with llir I�lurtgngee upon dem�ind by Ihi� \iorf�;ati�� r. Anq J��fmdt und��r lhi� pnratin�ph shnll Le drrmrd n dida�dl in � . paymeid of L•u��?. nasF•sami�nls. ar similar chnrges required h��reundrr. � . . .. 'Ch�� nlurlgngur tigrers (hirt Iher�� s6n11 filsu be nddud fu oarl� rnunUily ��iaymenf u( prinrip:d ;�nd inlerrst rryuirrd hcre- . . . . � under an nmuunl eslimnted li5' thr hlurtFz��rr to br sullicient to ennblr fhe �1urignge�� fn pny, ae il beeonu�s dur. Ihe in.urnncr . . . i promiwn un tury insurunce pulicy drlivi•md tn ihe \turtgngee. Au}• di•li��i��nc�� hrcautir uf Ilic insullicienc�y uf sucL aJdilionzd pay- � . mr�ds shrdl be forthwith deposiled by Ih�� 1ortt':4:ar witli ihe �1uiti4::U;�'�' �qrun drmnnd In' the Murl �;ngre. e\ny deL•�ult uuder ihis � � � . parn�;raph shnll la• dc•emrd n di•fnult in thr paymrni u( insurnne�� premium�. ! f th�� pnlicy or poliries drpusit�•d nn• such us hnm�•� . . '� nwners ur nll risk pulicie�s. imd the depnsits am insuf�icienl tn p.n� Uu� ��ntirr prrmium. lhe ;�iurl(:ai:e�o mx)' npply thr depusi� �o . priy prrmiums on risks requircd fo bi� innurcd by this murtF:igr. . !'nymrnL+ made by the Murh;:�;:ur und�•r thr nbm•�� pani�;rnphs mny. nt lhi• opliun n( tlir nTnrlg�igoe. h�• hrld by it and � . .�� ';: cmnminRled �vilh uthnr auch funds nr ily u�sn (unds fur thr p:iymenl of hucVi itrms. �md until su applii�d, sueh p�i}�in��nfs r� m h�•rehy . � - plwlg�•d as securily (or lhr unpaid L;d�inn� ��f fhe murl �n�;e� indrblydnrs�s. � . . � - 7'u pnxun•, Jelieer tu, and mninWin for the b�•n��lil of t6c �lurlga�;cr durin� ihe lif�� of ihis mnrt�:uge ori4in:d P��licic.c nnd . . . . renew�als ihereo(. drlivrred ut Irn;t ten days Ixdorr � hr rxPirnliun u( ;ury �urh puliri�•�, insurin�; i�l:+iinxt firr and uth��r iusure6le . h;izards, casuultics. nnd cuntingencics as tlu• 1lorigakcc mny nv�uirr. iu an :nnoim4 rqu:+l lu thc indi�bt�inres s��currd lry � his . � T1ortgage, and in curnpt�nies accepin6le tn lhr Murtguge��. ��ifh loss pFiyablc• clausr in fuvur u( and in (nnn acceptublr tu th�• �1nr�ga� � � . gee. In tl�o event �iny policY is not renewi•d on ur hrforr Irn da�'s of its expirntiun, tlu� �turt�n;;�•�• m.rv procurr insuranw• un ihr .. improvemen�s. pay lhe premium Iherefur, mid such sum shall bec:mie imm�•dialely dw� and p.�}:iblr wilh inleresL ;d thr nue sol � � - forth in nnid nut!e until paiJ nnd shall b�� secured by this murl�;ir;i•. F�iilure un th�• p:+r6 uf iLe �Iurl �ugur to furnish such rrnewids . . . :u are hnrein r�r�uimd ur fiiilurr In pay w�y sunu :idvunccd hemundor shidl, nt th�• oplion nf Ih�• Nurt�;a�;e�•. runslituti• a d��fnult . . . � uneL+r Uie trrnts o( lhi. mor�gn{;e. 'I'he dclivc�rt� u( such pulicii�+ shnll . iu Ihi� rvrnl u( de(imll. cuns� ilut<� nn +i��ignmrnt of lhr un• � � � . � . � onrnivi pmmium. � � � Any sumv reccivrd by ihe Aturt�;nFce by m;�von u( lo,s nr dumu{;e in�ured :igainst mey ba rrinim•d by Ih�� 11uriF:agce � � r � �' and .y�pli��d t�n�•ard thu paymenl u( fhe drbt hi•rrLy s��cured. ur. at thi• uplion u( lh�• hlorlgagei�, such xunu rither �choliy or in � � . . . >>art nmy hr paid uver lo thr I�1ur(�;n�;or lo be u�ed tu reP+�ir nuch buildin�;s ur �u Luild new buildin�;� in tfirir pl;ice ur (ur any � ofhrr purpuse ur oLjrrt snlivfaMoiy ln Ihc Norl ;;�+�;co �ci� huut aRrclin� lh�• lirn �m llic mnrt �:.�gr for Ih�• (nll :miuunt si�rumJ hcru- � . . . - � hy be(urr aurh pnytncN i�rrr t<x�k Pl:ici�. . . a. ; �1'u proutpll)' mpnir, resture ur rrLuild any I�uildinl;s nr impruacmrnL. no�c nr 6orr;dtor nn ILr proinisrs w•hich mny b��- � � ' cumr domaged ur destruyed: lu kei�p 4:iiJ pr�•mises in �;�x�d cun�liliun .ind nqrair and (n•i� frnm an5' m��chunic� lii�u or uther li��n �v �� ' cl.iim o( licn not ezpn:ctily nuburdinat��d lo fh�• licn hi•rru[: nut lu sulTrr ur prrnuf .my unl.nvful u��• nf ur nn�� nui.:mr�� lo �•zi.t on . � ' said prupi•rlY nur ln permit ��asl�� un said pn•mines. nnr lu du ��ny nlhor �icl «�h�•rehy ihe pruprrle h�•mby rnnvr��rd eh:ill b��cnm� � . � . less vuluable, nur tu diminish ur impair itr t�nhu• by :u�p act nr omi�.inn to �u�l : tu rumplp «�ilh nll «�yuirrnu�ntv o( law with n•�prct � . �, tu thi� mortguticd prrmisrs nnd �he usr themu(. � � '1'liat shuuld lhr prrmisos or any po�rt ILrrruf Ix• t:ikrn ur dnnuiged 6�• r�•asun uf nny Vublii� imprnvomrnt ur cundemnntion " ; proa•eJing, or under th�� ri�;hl uf �•mim•nt domnin , or in :u�y oU�cr m.im�er. ihe �1or1„a�;ee sh:dl Li• ontill��J tn :ill <�nmp�•n=a�liuns, � :nvnrds. und nny uther p.ryrnrnt ur relie( lherrfur. :ind shall Le ruliUi�d. al it� uptiun. tu cummence. appi�;�r in :md prus�rc•ule in its �� - i own namr .my ;�ction or pnxecdin�. or lu mnkc :m}� �•umprumisr ur .u�tdonu�nl in connrctiun �sith surh 4ikin� ur damu�;o. All �uch � ' cumpensalion. awnrda. dxmages, right uf actiun �ind proci�edv � n• hrmbg n�sil:uod lo thr A1nr��;>i;;re. �•�ho m;iy. idtrr d�duclin�; thrre(mm nll ils expcnses, release imy munryn so rocrin�d b�� il � �r nPPly Ihe nume un any' indebtrdne•ss s��currd hrreLy. 'Che \tort � '�- �;ngur atirci•s tu ezecule such (urlhrr n.s.ei�:nnu�nls uf any comprnsutiun, aHmrd... Janta�;es, und ri�;h�s uf aclion �md prn�•rr•ds as Ihr � A1oriK:�Fe�• mny reyuin•. � � 'Phat in cuse of [ailure Ici perfomi nny of fhe covi�nan�s l�ercin. ihe hforlgogee m:ry do on the Mortgagoty FHrhalf every- + � l6ing so coven=mted; thnt the I�Sortgugee mny nlso do uny oct it muy div�m neceavnry lo protcYL Ihe lien thereo(; thtd lhe MarL �;agur will repny upon demand any moncyn paid ur disbursed b}' Ih� Mortgngee (m eny o( the nbove purpn�y, nnd such moncye � tngether wilh interevt thereon nt the rate provided in said uule xl�all hiwrome No much ndditionul indebteKlneav hereby necumd und l�. � ' mny Fw included in nny decree fon�closing this morlguge nnd be pnid out of the rculs or proards o[ Sale o( nuid premises i[ not ` , olhrnvi�e p+�id; nnd lhnt 1�1ort�:ngM• shnll nnt in�nir uny personnl linbility �+cause o( anything it mny do or mnil fo do hercunder. � ��. In thr evi�nt u( lhr de(ault by M11url�;agor in Ihr p:n'�n��nl of uny inst:dlrnont . rtc rrquired by lho Nulr srrurvd hrroh�'. or � in Uie performana� of thr obligalion in lhis mnrt�;ngr or in thramt�• srcumd thrrchy. Ihr M1t��rl�;:ig�'r sh.+ll b�• enlitlyd in dreltire thr , deht secured hereby due tmd pa}'able �vilh�mt notia•. :md ihr Afurlguger sh,�ll bi� en� itlyd �it its iiplinn. �silhuut nulirr. rit6cr by ilu�l( � or by u rreeivrr to be uppointed bp lh�� ca�rl thenv�f. �md wilhuul rrR�vd lo lhe adc�� uncy u( an}' �rcurih' fur Ihr in�lrhtrdnesx !ur' - curcd hercby. lo enter upnn und tnl:e pns�essinn o( ihe murlgaged premisox, nnd to coll��ct iind n•crive the rrnls, i=sw�s ;�nd pro('ils Ihe[rn[, and applV thn s.�mr, kss cnsls u( upi�r�diun and culleclion. upon thi• indebl�.lne.�.v s��cured Ly Ihis mort�;nge: said rrnts, . ixsucs nnd �>n�(i4s being hiveby ussi�;ned tu lhe rlurtg��;rr uv furthi•r �rcurit�� [ur lhi� pnyrnent o( nll indobtodnos. s��run•d hemhv. � __ I t_ , � 1'he f4orl�;ngr.i• shall htn•e lhe pnwer lo appoint uny agent ur at;rnts it muy drsire fur Ihe purpusi� nf rrpairinR snid prrm� � � . . �. � .Y ::i;, .' � �. i.es: renting lhe snme; collectin� tho mnts. rt�v�•nurs and incomr. :md it m:iq pny nul uf saiJ incomi� nll exp�•nseti incurrwl in ront- , . N '.:;�"��. � I ing nnd manuging t.hc anmr und n! cullcrling Ihr rentnix thrr��( rom. '1'he balancc remninin�;, if miy, shall hr i�pplird toward ihe I . a ' discht�ry;r nf the mnrtgagi� indehlydness 7'hiv t+cvignmrnl is tn lenninuti� nnd Ix��unu• null and eoid upun rrli•n�� f Ihi� mnrt�;:��e. + �Y . �. 7'h�• �lortguger mny collrcl a "lute chargr'. nul lu racecd Piv�• ('rnts IScI fnr eucl� dullnt ( * LOU) �d rurh lolid muu�hly ~ �':��:. `:.� . p:iymrnl morr ILnn 15 dn}�s in arrra�s lu rover Ihr ��xtrn �•xP�•n<r invulv�•J in hnnrllin�; drlinqurnt urc�nudc I��tl �� .. µ. - Yy': . r�s � ;'.�?� � .. `— ... � . :i � : . q : � .f. i ' 'k t t f