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200605645
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200605645
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Last modified
6/23/2006 4:15:51 PM
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6/23/2006 4:15:50 PM
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DEEDS
Inst Number
200605645
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<br />200605645 <br /> <br />6 <br /> <br />attaching or accruing subsequent to the lien of the Mortgage; <br /> <br />16. That so long as the Mortgage is insured under the provisions of the National Housing Act or held by <br />the Secretary of Housing and Urban Development, it will not voluntarily create or permit to be created <br />against the property subject to this Mortgage any lien or liens inferior or superior to the lien of this <br />Mortgage, and further it will keep and maintain the same free from the claim of all persons supplying <br />labor or materials which will enter into the construction of any and all buildings now being erected or to <br />be erected on said premises; <br /> <br />17. That the improvements about to be made upon the premises above the described and all plans and <br />specifications comply with all municipal ordinances and regulations made or promulgated by lawful <br />authority, and that the same will upon completion comply with all such municipal ordinances and <br />regulations and with the rules of the fire rating or inspection organization, bureau, association or office <br />which are now or may hereafter become applicable to the premises above described; <br /> <br />..J:.8.:. That the fl:lA€!s to Be a€!vaAee€! hereiA are to be l:Ise€! iA tAe eOflstfl:letioA of eertaiA imprEl'lemeats to the <br />laA€!s AereiR €!eseri13e€!, iA aeeordaAee with a sl:IildiRg 10afl agreemeat dated as of eyen date horewith <br />betweeR tRe Mortgagor aRd tRe Mortgagee whiGA bl:lildiRg 10aR agreemeflt tRe mortgagor eoveAaAts to <br />perform, if tRe eORstrl:lGtiofl of tRe impr0VemeRts to be made pl:lrsl:laRt to sai€! el:lil€!iAg 10afl agreemeflt <br />sRall flOt kJe Gerried OR with the reasoflakJle diligeRGe, or sAall kJe EiiseontiAl:led at afI)' time for aRY reaSOR <br />otRer thafl strikes 0r lock outs, tRe Mortgagee, after Gl:Ie AotiG8 to the Mortgagor or BAY sl:lbseql:leFlt OWAer, <br />is hereby iRvested with fl:lll and complete a~hority to enter upon the sBit:i premises, empley wateHmeA to <br />preteet sl:Ieh imprevemeAts frem t:ieflredatieFl er iRjl:ll)' afIt:i te flreseJ".'e and flreteet tRe persElRal preperty <br />tHereiR, aRd tEl eElFltiRlie aAY aRd all EllitstaflaiRg eElRtraets fEll' the ereetiElR aRa G9mflleti9R 9f said building <br />or Bliildings, t9 make afld eRter iat9 ai'll' GORtl'aGts aRd 9kJligati9RS wherElver fti21eessary, either iA its OWR <br />AQfFle er iR the flQfFle ef the Mortgager, afl€! to pay aft€! €!iseharge all t:iebts, obligatiElFls, afIa liaeilities <br />iflel:lrrea tHereby. ,\11 sl:Ieh slims so a€!vafleet:i by the Mortgagee (eJ(ell:lsive Elfat:ivaRees ElftRe flriAeiflal of <br />the iR€!e13te€!Fless seelired hereby) skall Be a€!ae€! te tke priReiflal Elf tke iadesteaRess seelired Rereby and <br />skall Be seel:lre€! by tkis MElrtgage BRd sAall Be dl:le &A€! flayaBle ElR aem&AEl with iaterest the rate speoified <br />ifl the Note, BIit RS s\:ish aevaftees shall Be iRs\:ireEi \:iRlsss same afe speeifieally aflflrOVea tke 8eeretal)' of <br />HOl:lsing and Urban Deyelopment, acting by and throl:lgh the Federal Ile\:isiRg CammissiElfler flriElr ta tRe <br />maldag tAereof. TAe pnfleipal sl:lm afIa 6tker ekarges prElviaea fEll' RereiR skRII, at tRe OptiOR of the <br />mElrtgagee er kElIEler of tRis Mortgage and tRe }JElted seelired kereby, eeeeme €!l:Ie aft€! payable OA tke <br />faill:lre af the M6rtgager t6 keep afta flerf6Tffl afIY 6f the e6Veflaflts, e6aaitiElAs, aRd agreemeats of said <br />sHilaiag IEl&A agreemeRt. TRis eElVeRant skall Be teTffliRatea HpElR tRe eElmflleti9R of tRe improvements to <br />the satisfaetiElR Elf the Mertgagee aRd the ma1ciRg Elf tke fiRal adVllRGe as provided iR said bllilding loan <br />agreemeRt; <br /> <br />19. That the Mortgagor covenants and agrees that so long as the Mortgage and the said Note secured <br />hereby are insured under the provisions of the National Housing Act, or held by the Secretary of Housing <br />and Urban Development, it will not execute or file for record any instrument which imposes a restriction <br />upon the sale or occupancy of the mortgaged property on the basis of race, color, creed or national origin; <br /> <br />20. That as additional and collateral security for the payment of the Note described and all sums to <br />become due under this Mortgage, the Mortgagor hereby assigns to the Mortgagee all profits, revenues, <br />royalties, rights, and benefits accruing to the Mortgagor under any and all oil and gas leases on said <br />premises, with the right to receive the receipt for the same and apply them to said indebtedness as well <br />before as after default in the conditions of the Mortgage, and the Mortgagee may demand, sue for, and <br /> <br />Rental - Rider to Mort Restr Mtg 09-15-04 <br />
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