Laserfiche WebLink
f <br />.T : ... <br />~~'-- tJ(1~~® <br />mernner, dractly or in~rrectly, without the written consent of <br />the Mortgagee, any of the Mortgaged Property. The written <br />consent of the Mortgages provided for abo~;~e shall not be unrea- <br />sc~nably withheld. The Mortgagor wall preserve and defend such <br />title and forever warrant and defend the validity and the prior- <br />ty_ of the lien hereof against the claim of all persons and <br />parties.whatsoever and will take ali necessaz and proper steps <br />for the protection and defense thereof 3t its own expense. If <br />any of the Mortgaged Property is sold or disposed of with the <br />written consent of the Dortgagee. the ?~+ortgagee sha31 re3ease-his <br />Mortgage against said disposed of Mortgaged Property provided <br />that the Mortgagor shall pay to the Mortgagee the total proceeds <br />of such sale or dspositior. to satisfy in whale. or in part the <br />unpaid principal and interest balance remaining under the <br />Promissory Note which is secured by this Mortgage except. if the <br />proceeds of sueh :gale or dssposition of Mortgaged Property is <br />used to satisfy tie obligation of the Mortgagor under the <br />existir>g first mortgage disclosed above. <br />F. Insurance. <br />Aortgagor shall, throughout the term of this A9ortgage and of <br />the Prottsisscry NCStP. rai~itai:a casualty, IaaYailaty and hazard <br />rsurarc;i•: an force upon the Aortgaged Property, insuring the same <br />--~gain5t eommon casks, in the amount. of the insurable value of tYae <br />sar.~, 4?ith such insurance endorsed loss payable to T~ortgagor and <br />Mortgagee. The proceeds of any loss paid und~e:r such insurance <br />- ~ .. <br />