Laserfiche WebLink
<br />n . ~<~° <br />d. For better security of the indebtedness hereby secured, erpon'the request,of the'tnongagee;`it< successors <br />or assigns; mortgagor sha41 execute and defive~ a supplemental morteage or mortgage. covering an} additions, <br />imprayementti, or betterments tirade to the prapeny Piereinabove described and 'a@ prnperh acquired by it after <br />tltr date hereof {ail in f~tnn satisfactory to mortgagee). Futhermom, should mortgagor fail to cure am default <br />in the pa±°ii:gin of a Poor or inCenot encutnbraoce'an the property described bF [his in=,ramenr, mortgagor here- <br />by agrees w permit mortgagee to pure"such default, bur moKgageeisnot obligated [o c!o sa; and such advances <br />,ha!I become par[ oFthc indebtedness Secured bvthis instrument, subject tofhe same terms and condi[icros. <br />e. The rights created 6y his conueyance shalt remain in full force and effect during am postponement or <br />~EXtension of the time of the: payment af- the indebtedness'evidenced'by saidpromissory note or notes, er any <br />'partthereof secured hereby. <br />f To canrinuously maintain hazxrdinsurance, t~C such tyx or types and in such amounts as the mortgagee <br />`may item time to lime require,on rho iatiprovcmentsnow yr hereafter on said property, and will pay promptly <br />.when due anv premiums therefor. Atl insurance ;hall be carzied in companies acceptable to mortgagee and (he <br />policies and renewals-thereafshall be heidby mortgagee. and-have attached thereto loss payable clauses in favor <br />of and in form tieceptableto the'mortgagez. tn-event.of lass, mot*gacor will firve immediate notice in wrong <br />to morgagee, and mortgagee msy maks pre>,of of doss if nat_made promptly by mortgagor, and each insurance <br />nmpany cancet:ted is hereby authorized and directed' to make paymen[ for such loss directly to mortgagee <br />ins[ead of to mvngaeor and mortgagee jointly, and the insurance procceds, br any past ihermf, may he applicti <br />by_tnongagce at iu; option either to' the reduction at the' indebtedness hereby secured' or' m the restoration or <br />repair of the properly damaged ar destroyed. In tutor of foreclosure of this mortgage, or other transfer of title <br />to said Nraperty ih extinguishment of the indebtedness secured:here`vy, all right, title, and interest of the <br />mortgagee in and to am° institrance policies then in force. shall pass'to the purchaser or mortgagee or, at the <br />option oY the mottgagee, may be surren3ered for •a refund. <br />g. is keep all but?dings and other improvements on said property in good repair and condition; tv <br />permit, commit, or suffer n^ waste,: impairment, deterioration of said property or any part thereof; in the event <br />of failure of the mortgagor to keep the buildings on said premises sort those erected on said premises, or <br />improvemerus thereon. in good repair, the mortgagee may make such repairs as in its.: discretion it may deem <br />ttecc4sary for the proper prescrva[ton [hereof; and the full amount!of each and every such paymen[ shall be <br />immediately due and'payaGic: and shall be socttred.by tha loin of this mortgage:' <br />h. 7o not valuntartly create ar pcrrni4 to be created against the property subject to chi> mortgage any !icn <br />or liens infermr to the lien of this morttcago without written consent. of the mortgagee:,and father, that more- <br />gag~r"wlll keep amt mamtam the same free from the claim of all persons supplying Tabor or rnatorials For con- <br />str+t,.-tfon of any. arid: ail buildings or improvements now.. being erected or to be erected on, said premises. <br />r`. To not rent ar assign any part of the -erne of said mortgaged property or. dernalisb, :~r remove; i~r <br />suhstanrially alter any buildang without the writtem cartscnt ui rho mattgagoe. <br />j. All-awards of damages m conncrtion with any condemnation for public use of err injury to any of the <br />property subject to this maregage arc hereby assigned and shall be paid to mortgagee, who may apply the samety <br />payment of the ittstal{meats last due. updcr +aid note, and mangagee is hereby authorized, in the name. of the <br />mortgagor, to execute and deriver Lalid acquittanecs thereof sad to appeal from an>• shch award. <br />-..`fhe mortgagee shall have [he right to inspect the mortgaged premises at eny reasonable time. <br />!. To complywath the Previsions of an} lean if this tiloripagcis ono hrasehold.If this M<artgage is on a <br />unit in a randaminium cr a planned unit dcvelop[nent, Borrower ahalkparfotnt alloC $errowe['s obligatioru <br />under the declaration or covenarus creating or gaverning the condOminiun[ or planned unit dcvclopmen[,the <br />by-law. and rrgutations of the condominium or,pianncdunit development, and cons[ituentdoeuments. <br />2. Default in anp of the covenants o; candid:ms of this instrnmeni or o6the note or loan ageeruent secured hereby <br />shad terminate the mottgagar's right to fossecion, use, and enjoyment of 'he property, a[ [t,c option of the <br />martgagoc or assigns- (tt being agreed that the mortgagorshall have such-rigtu until deCavit):,Upo^ any each <br />detach, the mortgagees shall becomz the owner of all of the`rcnt andprofits accuriag steer default as security far <br />the indebtednes, secured hereby- with *. he rtght to enter upon said property feet the. purpose of catlectmg such l <br />rer~~s sad pro[tts. This lost, umcnt shat operate as an assignment of any rentalst+n said property to~that extent. 1 <br />i <br />?, Ef the mortgagor defauhs, and Pads ro make an ~ ~ymenis whm due u• to conferee Io and campty with any of <br />the condizians ar agrecmeaia nor-[atned m this mutgage ar the noses ~Qf~n~ur~a~~Tt~e entuc pr?rutPal <br />soot and accrut~i mtcrest +baS! at once some due and payable, and +2taw r ~_ tnr cv,u (~~a %u) utter °st <br />thereafter anti; paid at the riectioc of the rnortcagcc, and this mortgage may.. thereupon, be ° ~reclosett ;ume~dtatel <br />for Chc whole of t$e indebtedness hereby se~atred, tinciuding 'he ccht oI extcndng t^e abst~aci rf tithe f:o[n the <br />da[c of [Gis mortgage to the time pit co:amzncing s ~eh suit. <br />~t. In the event o; a forcclast:re ar default a> provrded hercm, she mortgagee shat! at Dore tie entitled to tholpos- <br />sa;tan, te:,e, sort °.njevrrent ci the nai e a stet sal tc' > he rcpt ;uc al;~ ai nrs~u thereat, <br />fr:,;n '.!te ~;;r•ytng of _.,eh nghr> .;nd u. _. ~ t[tc ;:,. ,tlr,~cc of ~,c:ivw~c }r~uceec.rnt.~ a,.~ u~,r pc~<. c.ti,~,.tu, etc.. <br />shall a[ vice ~: doairxred to €he near:gancc assn a, e _., ttTM,,~ fader. ,sch d~~i ..y -;t <u~=,~: po~~r ~n[t ,trap be <br />4r,o'ced b~, a,u.tg&gcc, b anti aft'~rc~priatc I ga; prtn:cc;lir,gs, ~r -iud+tty, .-~ .c~..i.-;. c=r ±hc i r :;:r <br />5, ~t ..c i=ru:_t!clS vv( sn•. iii t7f °ard pr Uhrrr, .n ,ic::c, duns 4 ~~, „ ~. si.,g ~ ar .'r•i~h~ °.~a... he , , .c'd ;tat to <br />['9, ,.._ .. ~'4 ..i?~~7 C.Cp , {5, i~} ai1Sj `.`11L. Ali. '.~tT~:,:l:. ~i)ti 11 rCV l`1 i~4 r-.l k-'i !t[ :~U j c~.i ! t. << ~'I :q <br />~. a...ar,~i-d ~ .S,- 7aeti, he ~.tc5f bti_,t,:., ~. cr h•: ,c .r, ulv ~.y~ ~5 s ~., ix <br />~ ~„~~ <br />,a ..j ii ~. .._.,, ~ _. ,Ic+S thC. eta. <br />