83000276 - Laserfiche WebLink

Browse

,-;• such reasonable security as may be demanded by Mort~agee to insure payment thereof and to prevent any sale, foreclosure or forfeiture of the premises by reason of such nonpayment, provided such security need not exceed one and one-half times the amount of such lien or claimed lien. On final determination of the lien or claim of lien, the Mortgagor will immediately pay any final judgment rendered with all proper costs and charges and shall have the lien released or judgment satisfied at Mortgagor's own expense. 8. To save Mortgagee harmless from all costs and expenses, including reasonable attorneys' fees and costs of a title search, continuation of abstract and preparation of survey incurred by reason of any action, suit, proceeding, hearing, oration or application before any court or administrative body (excepting an action to foreclose or to collect the debt secured hereby) in and to which Mortgagee may be or become a party''by reason hereof, including, but not limited to, condemnation, bankruptcy, probate and administration proceedings, as welt as any other of the foregoing wherein proof of claims is by law required to be filed or in which it becomes necessary to defend or uphold• the terms of the lien created by this Mortgage, and all money paid or expended by Mortgagee in that regard, together with interest thereon from date of such payment at the rate provided for is the Promissory Note shall be so much additional indebtedness securest hereby and shall be immediately and without notice due and payable by Mortgagor. 9. That Mortgagor will give Mortgagee immediate notice of the actual or threatened commencement of any proceedings under eminent domain affecting a!I ar any part of the said premises, or any easement therein or appurtenance thereof, including severance and consequential damage and change in grade of streets, and wilt deliver to Mortgagee copies of any and afl papers served in connection with any such proceedings. Mortgagor further covenants and agrees to make, execute and deliver to Mortgagee, at any time or times upon request, free, clear and discharged of any encumbrances of any kind whatsoever, any and all further assignments-and/or instruments deemed necessary by Mortgagee for the purpose of validly and sufficiently assigning aII awards and other compensation heretofore and hereafter to be made to Mortgagor (including the assignment of any award from the United States Government at any time after the allowance of the claim therefor, the ascertainment of the amount thereof and ttie issuance of the warrant for payment thereof) for any taking, either permanent or temporary under any such proceeding. 10. That Mortgagor, within five (5) days upon request by mail, wilt furnish a written statement duly acknow{edged of the amount due upon this Mortgage and whether any offsets or defenses exist against the mortgage debt. 11. That the Mortgagor and all subsequent owners of the mortgaged premises shall keep and maintain fuU and correct books and records showing in detail the earnings and expenses of said premises and shall permit the Mortgagee or its representatives to examine such books and records and ail supporting vouchers and data at any time and from time to time on request at the offices of Mortgagor, hereinbefare identified; or a* 5„rh other laraYir~nc as may be mutually agreed upon; within ten (10} days after demand therefor, and in any event within ninety (94} days following the expiration of Mortgagor's first fiscal year and following the expiration of each fiscal year thereafter during the term of ibis Mortgage wiN furnish to the Mortgagee a statement showing in detail ail such earnings and expenses since the last such statement verified by the manag- ing partner of Mortgagor and a complete financial statement of Mortgagor's assets and liabilities and a profit and loss statement of Mortgagor, all in form and content satisfactory to Mortgagee; also, if so requested, a rent roil of said premssas with respect to each tenancy; the name of the tenant, the space occupied, the date and term of such lease, the amount of annual rental and additional rental; and in the event that Mortgagor shall refuse or fail to furnish any statement a5 aforesaid, or in the event such statement shall be il18cC1Jf'ate ar false, or in the event of the fai4ure of the Mortgagor ar any _~,.