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78002228
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Last modified
7/16/2017 11:16:00 AM
Creation date
9/16/2014 11:41:09 AM
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DEEDS
Inst Number
78002228
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1 <br /> 78 -1Jt1 � '3 � o <br /> rL ?.. .�...r �r�.. �i,.w �fiw: <br /> a H� wdD �1� � tV i��iMi� wiiMa+�r ►� Mid pe�iror� �Me �t Ri� ti� ri f� ti� <br /> a��r tti�i �ii�J <br /> i. H� �1 � atl �asr. a�+r, v�r nt«. rd etier p+eea�etat K �ooidP�I eha*�. 5�*�► or <br /> 1.p.ieio... hr ..6ie;. pro.iia. b.. ..e fe.. �.i. be.ei.reru.c. .na .►in p�a.ptl� aeli.er t6e aia.l ..eei�. <br /> e6ueSav to t�e rid a�rt�a�ee. <br /> c. f�e wiU pay suck e:peasew rnd tees aw msr be incurred in the proteetion aod maintenance of eaid <br /> proprrty, includiog Uu fee� of an� rttoroey employed br the mortgaRee for the colieetioo of any or all of <br /> the indeblednew herebv seeured, or !or forerloware by mortRa�eeb wle, or coart proceedinEs, or ia any otber <br /> litigation or proceedin�c aBeetinpc eaid premises. Attornere' feti reasooabiy incurred in any other wav ei�all be <br /> �raid by the mort�,a�or. <br /> d. For better seeurity o! the indebtednees hereby necured, upon the requmt ot the moRgagec, ite euc- <br /> eeeeon or ueipoe, he sha)1 execute anu deliver a eupplemental mortqage or mortgaqes covering any additionr, <br /> improvementw, or betterments made to the property hereina}wve described aad all property acquired by <br /> it after the date hereo[ ( all in (orm eatiefactory to mort�aRee ) . Furthermore, ahould mortgaRor fail to cure <br /> any default ia the payment of a prior or inferior encumbrance on the property deecribed by thie inatrument, <br /> mortgagor hereby aRreee to permit mort�aRee to cure au�h defaul4 but mort�:a�ee is not obliRated to do eso ; <br /> and such advancea ahall become part oF the indebtedneu� eecured by this inatrument, subject to the same <br /> te:me and conditione. <br /> e. The righta created by thie conveyance shall remain in fu❑ force and efiect durinR any poetponement <br /> or exteneion of the time of payment of the indebtedneyn evidenced by aaid promiasory note or any part thereof <br /> eecured hereby. <br /> f. He will continuously maintain hazard ineurance, of duch type or t}•pec� and in such amounts aa the <br /> mortgagee may froni time to time require on the improvements now or hereafter on said property, and <br /> will pay promptly when dne any premiutne thezeLor. All ineorance ehall be carried in companies acceptable <br /> - to mortgagee and t6e policies and renewals th�reof ehall be held by mortgagee and 6ave attached ther�w <br /> loes payable clansee in Eavor of and ia Corro acceptable to the mortgagee. In event of loee, mortgagor will give <br /> immediate notice in writing to mortgagee, and mortgagee may make proof of loee if not made promptlp by <br /> mortgagor. snd each ineurance company concerned ia hereby authorized and directed to make payment for each <br /> loes directly to mortgagee instead of to mortgagor and mortgagee jointly, and the ineurance proceeds, or any <br /> psrt t6ereof, map be applied by mortgagee . at ite option either to the reduction ot the indebtedneee hereby <br /> eecnred or to the reetoratioa or repuz of the property damaged or deetroyed. In event of forecloeure of this <br /> mortgage, or other tranefer of title to said property in e:tiaguiahment of the indebtedneas eecured hereby, all <br /> rig6t, titlG and intereet of the mortgagor ia aad to sny ineurance policiee then ia Force ehall paee to the <br /> purchaser or mortga�ee or, at the option o[ the mortgaRee, may be aurrendered for a reCund. <br /> g. He will keep all buildings and other improvemente on eaid property in good repair and condition ; <br /> will permit, commit, or euffer no waete, impairment, deterioration of said property or any part thereof ; <br /> in the event of failure of tl�e mort�agor to keey the buildinga on said premieea and thoee erected on eaid <br /> premiees, or improvemente thereon, in good repair, the mortqagee mny make euch repaire as in its diacretion it <br /> may deem necessary for the proper preaervation thereof : and the full amount of each and every euch payment <br /> ahall be immediately due and pa�•able and ehall be aecured by the lien of this mortFa�:e. <br /> h. He will not voluntarily create or permit to be created aRainst the property subject to this mortgage <br /> any lien or liene inferior or superior to the lien of thie mort�a�e without the written conesent oi the mort- <br /> SaRee; and Curther, he will keep and maintain the eame free from the claim o( all persona supplyin� labor or <br /> materials for construction of any and all buildings or improvementa now being erected or to be erected on <br /> eaid premiees. <br /> i. FIe will not rent or aasi�n any part of the rent of said mortgaged property or demolieh, or remove. <br /> or aubetantially alter any building wi[hout the written consent of the monqagee. <br /> j. AU awards of damages in connection with any condemnation for public uae of or injury to an�• of the <br /> pmperty eubject to this mortgage are hereby aeeigned and ehall be paid to mortRagee, who may apply the <br /> eame to payment oF the inetallmeata� laet due uader eaid note, and mortgagee ie hereby authorized, in the <br /> name of the mortgagor, to execute and deliver valid acquittances thereoC and to appeal from any such award. <br /> k. The mortgagee shall have the right to inapect the mortgaged premieea at any reasonable time. <br /> 2. pefavlt ia any o[ the covenanta or conditiorre o[ this instrument or of the note or loan a�Creement recured <br /> � hereby shall ,terminuu the mortgagor e right to poaeeeeion, vae, and enjoyment of the property, at the opcion of the <br /> mortgagee or hie aeeigna ( it being agreed t6at the mortgagor ehall have such right until default ) . Upon any such <br /> defaulq the mortgagee ahall become the bwner of all of the rentn and profitn accruin€ after default ae aecurit}- <br /> Cor the indebtedneee secvred l�ereby, with the ri�ht to enter upon naid propPrty for the purpoee ot collectin� Poch <br /> rente and pro6ta. Thia inatrument ehall operate ae an seeignment of any rentals on eaid p�operty to that extent. <br />� <br />� <br /> f <br /> 6 <br />
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