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<br />;:,ail. a_ ~` h; l~at~ I'I I.{.. ..~:.~ i ali.~~°'~~I'~ I, q~~,~. U:' .:'r': i-~r (I!r''., .Lit„,]ar'~,::'S i;, :I,i~r ,•.,„- ~~~i.r -~~. la.l i : ~i .:,. '..ST ~'.
<br />.mac
<br />,k' M•tq-~r.'f e cu,.n~,:.t ~:.,,. nV..:p E, _.I @'dr. .,.-i .'_'3. v :3:jC.. t. ~~.! ~.....":~ ~~ .~..~..,. 'fir=, ~w..~r~'
<br />.amage~ r i gY!"f5 6f aCt I:3 ; _.... ~...=~ed_ ... _ n • ~ '%f .,r. , wr, ; ,-,a r , ~ ,Tor
<br />7e~a.,cti^g Tt'er~--om alt of its experas>r's,~inc1•~din.y .~ _,-. `, _. ..ca~e ..r~ ~,:_- so
<br />received „y i t ar app i y the same °,~n ar.,, i r,.:abtedn~:~ ~'. - -. -_r.y . - _ ,g,-e» .
<br />-~x~cu~le such furfner assignrr:ents of a,ny oompcr;s~t;~-~~,, ~..vru_, ~_- _ .... , . .,- ~_„c-:
<br />and proceeds as r~rtgagee may ra,ure.
<br />1d. That t,`crtgaaor shai i Damply, at ai i tirr:es r,. ,~ ~i . '-, done( nd .,taf.. laws, as
<br />r•; ..icipal ordin~~..ces and ail r:.,..~ arad reguloticns ~. j gaver~..-_,•ta a^.tity havinr+
<br />w risdict;on ever the premises ir.scfcr .~, said io`rrs, .,rdi~ances, rules and requiatio^.s
<br />pertain i:n any way to the ~_'-~rnises and ,eir ,se.
<br />li. That the Mortgagee, and ~.y -crsons a:.thori~ea u~• t.rrt.aagee, shai ..~~.~e 't^e rin';±
<br />:;rater and inspect the premi_es at all reasonable ~'rnes. .
<br />12. "dortoagor wi t I not furti:er ^ortgage cr enc;:rra,er the prom ses, or ass; era, or
<br />attompt to assign, the rents, er any nart thereof, fry}m said prer,,ises. tficrt;a~or wi;i
<br />,.not, except where the lessee is in d~afauit thereunder, terminate or ccn,ant teJtne cance!-
<br />t+i_.. ~r S;,rrender of any lease of the premises, cr any part thereof, now existir:g or
<br />neroafter made, or modify ar,y sucfa lea=_e so as to shorten the unexpired tear, thereof or
<br />sc as tc decrease the amount of rents payable t~rGr_~:^,@r, ;r accep+ paym?rats of any
<br />in~tailments of rent to Cecome due under such leases or a period of mere ±han one r*~eth
<br />in advance. h~ortgagor will not execute any lease of any part ion cf the premises except
<br />for actual occupancy by the lessee thereunder, will at all times prlmptiy .and faithfully
<br />perform, ar cause tc be performed, a!i of ,::^.e c_.enar:ts, .cnditiens snd agreements
<br />~cntained in ail leases of the premises now or hereafter existing, on fhe part cf the
<br />lessor thereunder to be kept and performed; all ;eases upon the rncrtgaged premises shall
<br />oe in form and substance satisfactory to Mortgagee and, ..t the opti;n of '-prtgagee, sha{I
<br />ba assigned to Mortgagee.
<br />13. In the event that F•lcrtgagor makes an assignment for the !;enefit of creditors, a
<br />recei•/er is appointed for the P4ortgagcr or for aIi or any part of the premises, or if
<br />~k;rtgagor files a petition, or institutes nroce-edin~_,s in barrkruptc'y or is adjudicated a
<br />oarikrupt under any state lawror the relief of debfor~. or under tl!e bSnkruptcy laws
<br />of the United States, or if any cf `he fore-going shall happen to any co-maker or guarantor
<br />of the promissory note secured here''py, then, or at ara~ tir^e thareaaffer, the whole ~', the
<br />atoresaid indebtedness and ail oilier sums secured by this >':ert,,age and any other securing
<br />agreement given in connection with this loan; shall Uec::,me due and payable at once at the
<br /><~ption of the "Mortgagee and N>t,rtgagee shall be entitled tc declare this n+crtgage to be in
<br />default. The acceptance of one or mere payments cn the indebtedness or any sums secured
<br />by this mortgage made by anyone ether than! the "~lortgagar prior t.^.. confirmation of fore-
<br />4€.asure sate shall not constitute Mortgagee's waiver of its right to accelerate the
<br />aaturity of the aforesaid indebtedness and all other sums secured 'hereby.
<br />14, ido remedy conferred upon or reserved to !Fort^,,agee in this mortgage ar any other
<br />5~-•curing agreement is intended to be exclusive of any ether remedy or remedies land each
<br />surd ever, such- remedy shall Ce cumulative, and shai! be in addition to ev~_ry other remedy
<br />riven hereunder, ar now or hereafter? existing, at la'a~, in equity e>r by statute. h!o delay
<br />er yomissior: of ?~iortgagoe to axerci~ any right _, powrr~, ac__ruinq upon any default shai;
<br />,mpair any suoh right or power, or shall be construed t, be a waiver of any such defaai*,
<br />or an acquiescence therein; and every power and remedy given by this mortgage to the
<br />I~lortyagee may be exercise; from tune to time as often as may be deemed expedient to
<br />tstortgagee.
<br />15. i~brtgagor will keep adequate records and books of account in accordance with
<br />generally accepts-d accounting prir;cipl4s and will deliver t;• Mortgagee, within 45 days
<br />after the close Of each of i,tortaagor'_' fiscal years an temized st~re'^er,t ee;tified by
<br />an officer of h9ortgagor showing all items of incom>u and expense for the mortgaged property,
<br />°•etting forth in each case, in comparative form, finuri~s for the preceding year. Through-
<br />out the term of this mortgage, blortgayor, with reasonable promptness, will deliver to
<br />i nor t gagee such other i nforrnat i on w i ti, respect to the n:or tgaged pracmi ses as Nk;rtrlagee may
<br />noose}nobly request from time to time. All financial statements shai! ba prepared in
<br />:;;;rordanca wifih generally accepted accounting practice and si;ail be delivered in duplicate.
<br />ldow if said t_tartgagor s2~all pay or cause to be paid said sums of money when due as
<br />e.ot forth in said :dote and in this instrument, and arty additional advances mode, with
<br />in;;;rest, as harem provided, and shall also have p-aid ail other indebtedness secured by
<br />this i~'prtgage grid shall have faithfully and fully kept and performed each and all of the
<br />.covenants and agr~aments herein eentained or cvr:tained in ,aid Nete er any ether notes or
<br />aoreenrents for additional advances, then this ,conveyance shall be nail and void, otherwise
<br />i1 snali remain_i-n full force and effect.
<br />if de#ault steal I be made in any payment dut: c+n soli! :dote or this instrument, or en
<br />any other notes or agreements for additional advances; or in keeping the improvements an
<br />Said-premises insured as aforesaid, with loss, if any, payable to said Associaiicn; or .in
<br />payrrlent of taxes or assessmrents~ef any nature upon said premises or this t„L7rtgagE~• or
<br />indebtedness secured Yhereby, before, the same become dclingt;ent, if provision for- advance
<br />payment lids-not been made as~',escribed above; or in the event that' the rEquirer?ient for
<br />.advance payments is waived; or in the event that ^~~rt:,agor fails tc conform: to Grad cr.:r:ply
<br />w i tl<< or ahou i d o7iierw i se breach-any of the t.ond i t i ;ns , cc.;r:nar,ts or grzarr;errts c7nt:: i nod
<br />ir, this t~tartgage, or the wore whichrt secures, or tsny other notes or :acreements .~,
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