Laserfiche WebLink
, <br /> �. „ ;. <br /> k1� � . � ! �:� <br /> r� � � � <br />?:� <br /> :.; <br />�M1 76- � � 68 � � <br />����� <br /> , . <br />�,�� <br />�'`�g 6. If he fails to pag any sum or keep any covenani pro��ided for in this mort�ge, the A3ortgagee, at <br />� '� its option, may pap oi• perform the same, and all expenditw•es so made shall be added to ihe principal sum <br />� � o�ti•ing on the abo��e note, shall be sEcured hereby, and shali Uesr interest until paid at the rnie provided <br /> for in the principal indebtedness. <br /> � 7. Upon request of the ?�1oi•tgagee, B'tortgagor shail execute and deli�c:r a supplemenial note c+r noies <br /> for the suru or sums advanced bp �4ortgagee for tl�e alteration, modernization, or impro�-ement made st <br /> the lliortgagor's request ; or for maintenance of said pi•emises, or foi• iases or assessments against Yhe <br /> same, and for an�* uther purpose else«•here authorized hereunder. Said noie ur notes shall be secured <br /> � hereby on a parity �cith and as fu11�- as if the ad��ance e�•idenced thereb�� �cEre included in the note first <br /> . descri6ed abo�•e. 5aid suppleinental note oi• notes shaJl bear inierest at the rate pro�•ided for in the prin- <br /> cipal indebtedness and shall he pa}•able in appro�:imat,Elr equal monthh• pa}anents for such period as ma�• <br /> be agreed upon b5• Yhe llortgagee and ?�ortgagor. Failing tu agree on the maturiiy, the ti�•hole of the sum <br /> or sums so ad��anced shall be due and payable thirt}• (3U) da�•s aiter demanci bt� tl:e �fortgagee. In no <br /> ke�•ent shall the maturit�� extend Ueyond ihe ultimate maturity� of the noie hrst described aho��e. <br /> ; 8. He hereb�� assigns, transfers and sets o��er to the '�lortgagee, to be applied to�sarr. the pat•meni of <br /> Y the note and all sum� secvred hereby in case of a default in the performance oi an�� of the tirms and condi- <br /> tions of this mortgage or fhe said note, all the renis, re�•enues and income tu Ue deri�-ed from the mort- <br /> gaged premises during such time as the mortgage indebiedness shall remain unpaid ; and the '�Toriqagee <br /> � shall ha�•e po«er to appo4nt an}• agent or agenis ii ma}• desire for the purpose of renting ihe same and col- <br /> _' lecting die rents, re�•enues and income, and it ma�� pap out of said incomes atl necessar}� commiss;ons and <br /> expenses incurred in renting and managir.g the same and of coilecting re::tals ?herefrnm ; the balance <br /> ti .` remaining, ii an�•, to be applied toz�•ard the discharge of said mortgage indebtedness. <br /> �=' ' 9. He «�ill coniinnoush• maintain hazard insurance, of such type ar t^pes and amounu v '�fortgagee <br /> mat• firom time ta time i�e��iire, on the impro�•emenis n��r or hereafier an said nren:ises and eseept �chen <br /> t: ; pa}-ment for all svch p�•cmiums has theretofore been made under (aj oi p:ragi•aph •3 hel•eoi, �cill pa}� <br /> ,� , promptly ��•hen due am� premiums thereior. Upon default thereoi, :�foriga�ee n�a}• pa}• the same. Al) <br /> ; = ir.surance shall Ue c.arr;ed iu companies appro��ed bp the '_1Snr.gagee and the poiicies and rene�cals thereof <br /> shall be held U}• the '_+ioa•t�a�ee and hare atiachec' thereto loss gz�-aUle clauses in ia�•nr oi and in form <br /> acc -rptable to the '�for 'tgagee. In e�•ent of losa ?�Sortgagc,r �i-ill gice immediate notiee b}• mail to the ?�Sort- <br /> ` gage2, tirho may make prooi oi loss ii not made prompth• bti� '�fortgagor, ar.d each insurance compan}• rer.• <br /> � ' eerned is hereb�� suthorized and direeted to make pacment for sueii lo;s riirectl�• to the :�icrtgngee instead <br /> c�f to tlie �Zortgagor and the 3lortgagee jointl}•, and the insurance s?7'iiCE'F�5, GT an}• part thereoi, <br /> � . ma� be appiied by the Mortgagee ai its option either to t�e reduc 'tion of tLe i:; deLYedne=s hereb}• secvred <br /> '',`,, or ,o the resitu•ation or repair oi the propertl� damaged. Ia e�•eni o: for�e;osw•e oi tLis r.�artgage, cr other <br /> transfer of title io the mi:rtgaged propertr in estin�,*uishmenL ni L'ne indeLtedr.e;s secured hereb��, alI <br /> right, title ar:d interest oi the 3fortgagor in znd io an}• insurar.ce policics tl:en in force shall pa;s t� the <br /> 't ' purchaser or graniee. <br /> ,.' ' ' lu. :�; additiona; ar.d collateral securitr fo* the pa��ment of tl:e note ciescr:ucd. ::;d all sun;s :o become <br /> - , due under this mortgage, tl�e '_liortgagor hereb}• ass;gns to the _liortgagec all lease bunuaes, pi•onts, re�-��- <br /> ` n�es, ro}°aities, rigiits, a:id other benet5ts accruing to the '�iortgagor under a:,;- and ail o;l �nd gas leases <br /> noix-, or during tne !iie of :nis morYgage, eaecuied or, said premise�. �riti� tl�e. i•iglit to recei�•e ar.d receipt <br /> for the ssme and apph• tnem to said indebtedness as n•ell before as after de:au;t in the conditions of this <br /> � moi•tgage, and the _liortgagea ma�• demand, sue for and recocer an}� sucli par-mer.ts n-hen due and pat�- <br /> aU;e, but shall not be i•equired so to do. This assignment is to tei•minate 2nd become r.ull and roid upon <br /> relEase oi this morigage. <br /> < il . He shali not commit or permit tiraste ; and shall maintain the nropertc in as good condition as at <br /> present, reasonable r:ear and ?ear e�ceptzd. tpon am- :ailure to so maintain. '�ior.gagee, at iis option, <br /> r-�a: cavse reasonable n:aintenance ;�•ork to be periornied at the cost of '�io �,gagor. � n}- ar.-,ou±iL paid <br /> t:nereior bc Aiortgaoee shai] bcar interest at the rate pro�-ided ior in ?Le pri ::cipal ir.cieUtedness, s!�all <br /> therecpon become a part oi itie indebtedness secured b�� this insuument, ratabl>• and on a part}• n-ith a11 <br /> ` other indebtedness �Fcureri hereby, and shall be papable thirt�- f30 ) dars aiter den:and. <br /> +` : <br /> 12. If '� he premises, or an� nan thereoi. be condemr.ed uneer tl:e puzcer oi eminent romain, or <br /> acquired for a pubiic use, tLe dama�es a�sarded, the procceCs ior the :al;ing of, or ?}:e cor.sir?eracion for <br /> such acquisition, to the e>:ter.t oi the :ul] amount oi Ll�e z•ema;ning unuaid ir,deLterir.rss �c.ci•ed L}• 'tt:is <br /> `' mortgage, or hereb}• assigned to t}; e 1lortgagee, and shail ix paid iorthn�ith to :.:� d '_liortgagee, to be <br /> ' applied on accuunt of tl�e !ast mntw•ing installments of such indebtedness. <br /> i: 73. Ii the \fortgagor fails to make an�• pac-ments u•hen due, or to con:orn� tn zr,d comph• �cith am- <br /> ' i' �� 02 the conditions or <9�.!PC-f2IlEALS COA1r1121@d ]p 1�115 RlOti�*3�;'e, Ol' I}1? .]OIES '���I ;C!1 lt S�Cllt�S, t�7C-17 t�1� <br /> entire principal surn ar.d accrued interest st-,zl; at once become due ar.d nacsb'e, a± t�; e e3rction of the <br /> �lortgagee ; nnd this morgzge ma}• thereup�n be foreclosed immediaiel�� for ii:e ;r�nn]e oi the indebted- <br /> ness hereUc secured, iacluding the cost o; e�tendin� the absuact o: title from the datz of t:his n:ort- <br />� � gage to t3�e time of commencing such suit, a i•ea�onable attorne�'s fee, and a.n�- sums paid h�• the \'eterans <br /> � �dminisLration on accour.t oi the guaranh or insurance of tne ir;de'utedr,r-s� ;ecured herebr, all cf �chich <br />-° � shall be included in t}:e decree of foreclosure. <br /> _ .�: <br /> 1�. If the ir.debtedness secured hereb}• be guaranteed or insurcd urder Title 38, L�nited States Code. N� ',.' <br />'��, such Titie and Regulations issued thereunder and in effect on ti:e date hereof sLall fiocern tne rights, duties <br /> 1 ' <br /> and lia6ilitie; oi the parties hereio, and any proc•isions oi tliis or nther instrument; e�icuted in conr.ertion � ' <br />� : ;rith said indebtedness ichich :re inconsistent u�th said Tit?e or F;e�uiations are hereb}• arncnded to ^ ` ; <br />��,�i�. , conform thereto. � <br /> � <br />� The corenants herein contaiaed shall bind, and the ber.e;is ar.0 adcaa?ages shall inure to, t!;�� <br />.'�� <br />:;`� <br /> ``� � <br />' . <br /> -� <br />`' f <br /> i <br /> � <br /> ; <br /> ; <br />