80004872 - Laserfiche WebLink

Browse

v0,^~ r t;~ i~ 7~ ><. 1be mortgagor ewvenmes and .gees as talbtn: a He will promptly pay the indebteelaer evidenced by acid promrmory note at the rims and u the manner therein provided b. He will pay all taus, aasaasmwta, water ntear, and other goreramental or mtmieipal charges, f®as, s impositiems, fot which providon hs not been made hereiabefore, and will promptly deliver the o6cial eeedpb therefor to the said mortgagee. r. He will pay each expenses and fees ae may be incurred in the protection and mainteomex of mid property, including the fees of any attorney employed by the mortgagee for the collection of any or all of the indebtednew hereby secured, or for (orcrlsarc by mortgagee a sale, or court prerexedinga, or in any other litigstion or proceeding affecting acid premise. Attoneye' fen roaaonably incurred in any other way shdl6e paid by the mortgagor. d. For better e!eurity of the indebtedness hereby nrcured, upon the requnt of the mortgage, ire we- eerrarn or awigrra he shall execute and deliver a supplemental mortgage or mortgage covering any additions, improvemen4y or betterments made to the property hereinabove described :nd all property aceryircd 6y it after the date hereof (all in form eatiefactory to mortgagee). Furthermore, should mortgsgor [aii to cure any default in the p^rment of s prior or inferior encumbrance on the property described by this inatr»men4 mortgagor hereby agree to permit mortgagee to cure sarh default, but mortgagee is not obligated to do so; and each advances shall become part of the indebtedness secured by this inetrumen4 subject to the acme terms and conditions. r. The rights created by thin conveyance shall remain in full force and effect during am• postponement or extension of the time of payment of the indebtedness evidenced by said prnmisson~ note or any part thereof secured hereby. f. He will continuously maintain hazard insurance, n( xurh type or types and in xurh amounts ae the naortgagre may from time to time require at the impmvementa now or hrrea(ler nn acid property, and will pal Promptly when due any premiums therctor. All iwurane shall be carried io oompanis aeoepUble to mortgagee and the policies and renewa6 thereof .hall be held by mortgage and love attached thanm loan payable clauses is favor of sad in form acceptable to the mortgage. to event of loss, mortgagor will give immediate notice is writing to mortgagee, and mortgage may make proof of low if not made promptly 6y mortgagor, and each insurance company concerned is hereby authorised and directed to make payraeat for erred. loss directly to mortgage instead o(b mortgagor and mortgagee jointly, and the iasuratsee proelsda, or say part thereof, may be applied by mortgagee at iu apdoa either to the roduetioa of the iadebtedrers 6emby secured or to the rostontion or repair of the property damaged or destroyed. Ia evernt of foreclown of the mortgage, or ether iratrs(er of title to aid preperty in extiaguiehmeat of the iadehtedass secured hereby, all righ6 titles wd iaterst of the mortgagor m and to say iruttrantt potieiee tbml is (near shall par to the pureharrr or mortgagee or, at the option of the mortgagee, mar be aurrcnderod for a refund. g. Hr will keep all buildings and other improvrmrntx on said property in good ropair end condition: will permi4 rnmmi4 ar auger no wale, impairment, delrrioralion of aid property ur any part thereof; in the caret of failure of the mortgagor to keep the buildings an said premiers and than erected on said premisex, or impro.rments thereon, in good repair, the mortgagor may make such repairs u in ib discretion it may deem neresaary fur the proper preservation tbrreof: and dle hJl emouut of each and every xurh payment .hall Ire immediately due and payable anJ sh^Il hr seeurwi hs the lien u( this mortgage. h. He will not voluntarily create ar permit to br .waled agrinrt the property subject ul this mortgage any lien or lienx inferior or sullrrior to the lieu of this mortgggr without the wr+tlnn emurnl of the murt• gager; and further, hr will keep end maintain the same free from the claim u( all prrsnnr supplying I^Mlr nr m^Irriale fur rmmtnlrtion n( am and all buildings or impmvemrnu now bring erected or !o br erected oa aid premiers. 1. Hr will eat rent nr aNlgrl env part of the rent u( said mortgage) pn.prrty or demolirh, or remove, or aulrtantially alte• anc building without the written sneerer of the mortgagee. j. All awards of dam^ge^ in eonnectloa with any eondemnalion fee public use of or iajurv to any of the propene .abject to this mortfrge err herobv assigned and rhall be paid to mwlaagare, who may aPPIY the same to payment of the in^talhnenb 6.t dun under raid note, sad murytagrr it hereby autlroriaed, is the name of the mortgagor, w r:mute and deliver valid aryulttanres thereof and to appeal from sew such award. k. Tkw mungagoe .hall hour lhr right to inspect the mortgagral prcmiwx rat any roaaonablr lime. 2 Default in any of the covrnanu or rnnditians of this instrument or of the note or loan agrorment secured hereby shall tarminrte lha moetgagor'a right to pwxreslon, use, and rnjoymem of the pmpert v, at the option of the asertgagee or his arigns li! bring agreed that the mortgagor shall ha.r sarh right until drhultl. l'IHm any sarh dafaul4 the mortgagee shall become !hr awlu•r of all of the trots and profits scenting a[ter default o xerurity (err the indebtrdneas secured hereby, with the right to setae upon acid praprrty fur ehr purpose of rolleetinq such asap and profit.. This instrument shall operate as as awigetment of any rentals on said properly to that extent.