|
,�
<br /> , :..
<br /> , .� ..' .
<br /> ..��, �� ..�� U .
<br /> �r•� '�I'��,�,
<br /> . .�-.�;�ee� . .
<br /> ___------ _. 93. so���.i
<br /> _ ,,,_� edivat, coliect and rompromiae, in it� discratlan, a�ll claims
<br /> thexeund�r at its sole option, authotize� ta either aPply the
<br /> �;"; p=oceeds to the =ea�o=ation of the Paopexty os upon the
<br /> �,�': indebtednesa socu=ed hereby, but payments hereunder sbdil
<br /> "� rontirue until the sums aecuzed bereby are paid in full. -
<br /> ,y, _
<br /> � S. Escrow for Taxea a�d Insurance. Nane. _
<br />�_r;:`:� � -::�.;.y 6. Rapair, Mai�tenance and Use. To p=omptly sepair, _
<br /> '�y,_.� �+. restore or xebuild any buildings ox impsovements now os
<br /> "�-- , �--��. _
<br /> —=.�`� hereafter on the Propertyj to keep the Property in goad _
<br /> '�,y �.ssr",n:.,.•.
<br /> s,�... ;, condition and reeair, without waste, ar►d fzee fso�a merhanlc:'� -
<br /> __ :�{�*'' '• o= othex lfec�s not expressly suborclinated to tt�e lien heteof; -
<br /> u�'-� �,�. �.,��. not to m�ke; �wffer or peXmit any nuisance to exist, not to
<br />..,�OtA?4 . diraihis� �,or.'��mpai= the value of the P=aperty by any act or _
<br />_"�`� " sl�;��,,.���`' . -�. ami��si�r� .��r a�ti and to comply with all requirewents of lav _
<br /> _'���' - ,;b Y ���Da resp►ec:� to the Ftoper�Y• � , . -
<br /> c-��� y� �y a�,� C��daanation. In the eveat the Qzoperty, oX any -
<br />.�.�s;,, — � ' ,. �� part �hezrui, �l�all �e taker, bk cmincnt dam�3n� the !Reztgagee =
<br />"���� •�`� ' ia em�iovered to coll�et and receive all compea�sati�n whl��t
<br /> ..,� �. �
<br />- ���r-> �may be paid fox any pxapert�• taken or for dama��a tu �erpe�t� _.
<br />- `���` �ot taken, aad Mortgagee sha�ll apply such compen�atioa, at -
<br /> ,��x,�;,����4;�*
<br /> -,s. �;:::�:� its option, either ta a zeduction of the indebt�dn��s secured
<br /> � s ' '� ' hereb� or to Yepair and restore the pzoperty ��a dama�aed.
<br />_, !x9 .a�a,.. ��.
<br /> ;;��j� �, •.}���� � , � 8. Pexformance by Mortgagee. Mortgagee may, �iut shall
<br />- "" .'e- ,� ''t. � t�ave no obligation, to do any act which the Mortgagor has
<br /> '"` �`.;�� � agreed but fails to do, and Mortgagee may als� do any act it
<br /> ti„�, '5�,,;.>.{ ��� . deemss neceas�Yy to pzotect the 1 ien hereof. ' Mortgagor agrees
<br /> ::.'�wu��� _ _ ' to repay, upon demand, any sums so expended by the Mortgaqee
<br /> �' `.':'�"_:�'•%�"�i' �� � for the �bove purpos�es, and any sums so expended b� tn�
<br /> . ,;.� ,��.:,�,-�:r ��.`�� -. ,<. '
<br /> ,, r, �. ;;,�, ����� ; ,� . Mor tgagee shall be a•dded to the indeb�tedne�s hex�!by and
<br /> '� � ' �'��..r.. becom� subjeet to �h� 1 ien he=eof. Mortgagee �habi not incur
<br /> ��r�;��1 ..�j.��..•yy.
<br />•_r.'�;;�. �� •'w ',,:,i ' any peraonal �lab�lity becaus� of anything i� ma�v du or omit
<br /> to do hereunc3ec .
<br />-;���s,'.`; r �- 9. Default; �ssignment of ReP�•_s . Time is .of the
<br />` '�'`' �T%^�' •-• essertce heYeof, �►s�d upon Mortgaqor '., �efault in ar.y covenant -
<br />-�° �:,°�'�+='••�y•' '�v � o= agreement �r,f this Mozi:gagP, including covenants to pay
<br /> �'�""'�'� �'� � � when due the ��ams secured by this Mortgage ta be immediately =
<br /> �r ' ..��� ax�..• .
<br /> �s due and p�ya��•:s and ma�► commence fc�r�close of this Mostgage
<br /> �� '� by judicial pxoceeai�gs; and, prov.���d fu=ther, that upon
<br />,.�_ �` y � ..••r✓.tih `�.
<br /> j~� ; :� • � , � � suct, �lefault the Martga�ee, oz a receiver appointed by a
<br />�,.1 ; }.�, . '.w:�,:::� court, may at iL•s ��tian and �.ithout regacd to the adequacy
<br /> _ r Y�/c+C.iu t.�, _.
<br /> e_ ;�.,..,:,,,,_ of the securi'ty, enter upon .ar,d take possessior� uf the
<br />-^ �• " ""��� Ptoperty and collert the zerat�, �SSpRR and profits thereftom �
<br />�-.:?'e�. �'-'� �(��.' ..�, S�'.
<br /> =��Y%:'�. ; ' �=��..� � an8 apply them fiz.t to the cost of collection and aperation
<br /> - �•. �'e
<br />�'_�;t:�a;,. ,�',� , - of �kh� PropeXty �nd then uNon the inc��_btpc�ness secured by
<br /> ' � '�=�4!�'"-`:� • this Mnrtgar�eej sald cents, issues and ptofits being assiyned
<br />_�� �f'�r��"�,����?;•, to the Mortc,�,�.�ee as further security fox thr� payment of the
<br />- ., � ,�: ,-��. .: y, indebtedness secured hereby.
<br /> � , ��--a ° . ' 10. Transfer of Property. If a=1 or any part o: the
<br /> • � �M'���"�''��� Property is sold or transferred without the expres_ �rritten _
<br /> � � ' consent of the Mortgagee, Mortgaqee may at its sold o�t;a:.,
<br /> f �`� �~ "�.•„ � declare all Qums secuced by this Mortgage to be immediake;y
<br /> )�Y•` . '.:•� ." .r��; due and paya�.le.
<br /> —,�`::�: `' �:,'=-;--='x._.
<br /> , .. ..�t,, ,�,����f, �1. F4tuze Ad�a,nces. Upon reyuest of Moctgagor,
<br /> :,�;��r• * .;;� •,;,',n.�:,,;`f'.,,,/��,�� Mortgagee may make a�ditional and futuxe advances to
<br /> , '•{•.•�„-P� Mortgagor. Sueh aav.�n��:., wilt, i��l�ccst thezeun, shall be
<br /> . . ; �.. . .
<br /> . ! �4 �,.r;,;�.'�• : secured by `hi� Mortyage When Pvid�nced by prum:�3ery t�otcs
<br />;r . � i� ;;`;�" :""�� . stating that said notes ,�re ,:ecuced hereby. At no time shal:
<br /> � ` the prinr.lpal an�ount of the Indebtedness �ecured by this
<br />=';,;;��• ; � � ° • , Mortgage, nut Includiny .•iun:. �.lvan.:ecl t�, �iut�•c•t tt�e sec.•urity
<br /> "�' � � of this Muityaye� ex4re� Lh� uLiylt��l Note.
<br /> � -'.r . ��•i.�y.�
<br /> ' �� �� 12. Miscell��neous f ruvision� . -
<br /> ..�� ,' ,'�.'�^ ;T°'�- -: i�2 (d) Ai�y futbcara�ice in uxerc:i�iny at�y tiyhL uz !
<br /> = * � • ' �_�1,�,� zeme3y �t►all br a valver there�f .
<br /> •,. �,�:�
<br />,. '��:t:l�1�° ..' •.�iV,' .
<br /> ' '� � i
<br /> .,.�; ' �;�.���`�i�`;t~.. ,. `I�
<br />. ,;;;r' ' �'' �:„.� .;}�'
<br /> l�:u�,,; �l��?'i
<br /> ' • . � 5 a�,,tt
<br />... ' i i��, .�f��'. .
<br /> �� .
<br /> ��:.. �
<br />
|