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89106829
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Last modified
3/7/2012 4:24:33 PM
Creation date
10/20/2005 10:25:50 PM
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DEEDS
Inst Number
89106829
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i � <br /> f- . <br /> ��-= �.46��4 <br /> � in foree <br /> or cafmm�tment for the isauance of s pollay continuing <br /> �e ��,��age provided by the expirinB PollQY in the form of a <br /> certificata or binder. In the event Mortgagor shall f+ai1 ta <br /> ��ntain the insuraace coverage required by this Mortgage, <br /> Mortgagee tnaY (but ahall be under no oblip�ation to) tske out � <br /> the required F►oveiaa of inaursnce and pay the premiums on the <br /> � 8�.a or replacementa as are <br /> � ssme or may make auch rep <br /> neceesary ana provide for payment thereof; and all atnounta so <br /> advanced for the protection of the Collateral by Mortgagee <br /> shall become en additional obligation of Mortgagor to Mprtgagee <br /> ! which amounta, <br /> � and ahall be secured by thia Mortgage, <br /> ' together �,,�ith interest thereon at the rate of 11.45$ per <br /> '' annum, Mortgagor agreea to pay immediately and without <br /> . . ; <br /> , <br /> � demand. `�� <br /> ` r¢ d to be insured , y-� <br /> Section 2.�3 After the happening of eny ce►sualty q� <br /> ��.. .- <br /> - - <br /> __, <br /> against under Section 2.10, Mortgagor snaii gi�ia F=�'�` � _ <br /> wrltten notice thereof to Mortgagee. <br /> Section 2.14 Mortgagor hereby assigns to Mortgagee all insurance Proceeds <br /> which it may be entitted to receive and auch proceeds shall be <br /> . dellvered to and held by Mortgagee to be applled, at the sole <br /> ' election and discretion of Mortgagee as to purpose and amount, <br /> • as follows: `" <br /> , <br /> ;�tL <br /> ' (a) to the payanent of the abllgationa of Mortgagor secured by .�, � <br /> ' e including the Note and the Guaranty; � .�• <br /> , ' this MortgBg , � <br /> ; tb� ta perform any covenant or obligation of Mortgagor under -- <br /> thia Mortgage, the Nvte or the Guaranty, including the <br /> 25 <br /> �-_-- <br /> � I <br /> I , <br /> , ! . <br /> � � � � <br /> � <br /> � . <br />� � ..,.J <br />
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