|
r
<br />L
<br />fi
<br />x.
<br />1
<br />89— 100958.
<br />premiums become due, to ftz=nish to Mortgagee satis£ac- '.
<br />tory proof of t%.,e timely . making of such payments, and.
<br />to deliver all renewal policies to Mortgagee at least
<br />thirty (30) days before the expiration date of.each
<br />expiring policy;
<br />(R) not to permit the.Mortgaged Property to be
<br />vacant or to,do or to permit others to perform any act
<br />that would create or result ifn any increased hazard or
<br />risk of loss to the Mortgaged Property, or any part
<br />thereof, unless and'until notice of such vacancy or such
<br />increased risk or hazard.*shall have been given to Mort'
<br />gagee and to the insurers, and evidence of satisfactory
<br />insurance coverage.- regarding such risks shall have been
<br />delivered to Mortgagee;
<br />( S} - ,' :,pay, .:or cat e,_ to be paid, all appraisal
<br />fees, recording f6t`z, taxes, abstract fees, attorneys'
<br />fees, and all ot3ier• costs and expenses of every charac-
<br />ter incurred-by Mortgagor or Mortgagee in connection
<br />with the closing of the Mortgage and the Note hereby
<br />secured, and'-will reimburse Mortgagee for all expenses
<br />incurred bj�., him, abd will indemn.fy and hold harmless
<br />Mortgagee from and ;igainst all claims, demands, liabil-
<br />ities and cai4ses of Action .asserted against Mortgagee
<br />an account . c£. any ct' .cerfc med or omitted to be per -
<br />formed hereunder o; :,n acccunt of any transaction
<br />arising out of orttx any way connected with the Mort-
<br />gaged Property or _iris Mortgage or any of the Secured
<br />Indebtedness,,save and except for Mortgagee's gross
<br />negligence and willful misconduct; and
<br />(T) if, during the pendency of this Mortgage, the
<br />tithe of Mortgagor to the Mortgaged Property, or any
<br />part thereof., or the priority of the lied of this Mort-
<br />gage covering the Mortgaged Property for the security
<br />of.the Secured Indebtedness, is questioned or attacked,
<br />dire,ctly or indirectly, by suit or other judicial pro-
<br />ceeding, or in any other manner, or a controversy of
<br />any nature arises relative to such title, or the prior
<br />ity of such lien, Mortgagor agrees to protect and save"
<br />har;siless Mortgagee from any and all costs, loss,.. da:,,iaSe
<br />or claim by reason.'-2f such title being questions -ad, or' .
<br />such priority of this lien being giestioned, and Mort-
<br />gagee is hereby authorized and irstructeci, at the cost
<br />and expense of Mortgagor, to take such steps as in
<br />Mortgagee's judgment may be necessary or proper for the
<br />defense of said title, and the establishment of the
<br />priarlty of said lien, including, withcut limitaticn,
<br />the employment of counsel, the prosecution or defense
<br />of .litigation, and the compromise or discharge of such'
<br />claims, assessments or charges made against such title,
<br />lien or land; and the expenses incurred in such proceed-
<br />ings, including, without limitaticn,'all sums paid in
<br />compromise or discharge of such chargds.or claims, attor-
<br />neys' fees, court costs, and all other: expenses, of every
<br />kind and nature, shall become an additional part of the
<br />Secured Indebtedness, bearing interest at the rate speci-
<br />fied in the Note, be payable upon demand, and be secured
<br />by the lien of this Mortgage upon the Mortgaged Prop-
<br />erty, and be subrogated to all the rights, liens, remedies,
<br />equities, superior title and benefits held, owned, pos-
<br />sessed and enjoyed at ar_y time by any owner or holder
<br />of any claim, lien, assessment, charge or expense so
<br />paid. Mortgagee is hereby authorized to employ attorneys
<br />of its own selection to represent it in any and all suits
<br />or proceedings of any character involving the title to
<br />the security or the lien of this Mortgage, and this right
<br />of Mortgagee to so employ such attorneys, and make such
<br />r = -
<br />Y
<br />i ,,
<br />
|