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80005025
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Last modified
1/13/2010 10:25:46 PM
Creation date
1/13/2010 10:25:21 PM
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DEEDS
Inst Number
80005025
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80---~- ii 5 U 25 <br />i. Th.aoeygesa eovetunu and •is~ a reUo~vat <br />~ ~+ will p~P~y WY the indebtedtaer evidmtxd bj acid protairory note a the lima and fa the <br />amarr thaen presided <br />6. /le will pq all lessees, aaaaa~r, rester rata. and other governmental or mtmieipal eLargesv Leaav a <br />impattiAiotlsi fa which peo~itiim hr not beat made herciabefore, and will promptly deliver the aiaai reeeipla <br />therefor to the acid mortgagee. <br />c. He will pay such ezpensat and Ftes as may be incurred in [he protection and maintenance of said <br />pmper[y, including the fees of any attorney employed by the mortgagee Eor the collection of any ar ail of <br />the indebiednese hereby secured, or for foreclosvn by mortgagee's sale, or court proceedings, or in arty other <br />litigation or proceeding al7ecting said prcmiee. Attorneys' fees reasonably incurred in any other way shall be <br />paid by thttttortgagor. <br />d. For better security of the indebtedness hereb}' secured, upon the request of the mortgagee, its etre- <br />ceseors or assignor, he shall eaecnte and deliver a supplemental mortgage ar mortgagee covering any additions, <br />improvements, or betterments made to the property hereinabove described : nd ail property acgafrcd by <br />it after the date hereof fall in farm satisfactory• io mortgagee). Furthermore, should mortgagor fail to evrc <br />any default in the payment of a prior or inferior encumbrance on the property described by this instrument, <br />mortgagor hereby a¢trea to permit martgaget to pure such default. bat mortgagee is not obligated to do so; <br />and such advances shall become part of the indebtedness secured by this inatmment, subject to the same <br />terms and conditions. <br />e. The rights coated by this conveyance shall remain in full Force and effect during any poseponemect <br />or ezteaaion of the time of payment of the indebtedness evidenced by said promiasorv note or any part thereo[ <br />secured hereby. <br />f. Ht will eontinuousiv maintain hazard insurance, of such type or tepee avd in such amounts as the <br />mortgagee may from time to time require on the improvements now or hereafter on said property, and <br />Trill paq promptly when dne aa7 premiums therefor. Ali inutranee shall be carried in companies aotxptabk <br />is mxtgagee and the policies sad renewah thereof shall be held by mortgagee and bare attached thereto <br />for payable ciaeaes in favor of and in iorm a«eptahk to the mortgagee, fn event of loses, tcnrtgagor will give <br />im>«diate rtotiot in 5-ritivg to mortgagee, sad mortgagee may make proof of loess ii not made promptly by <br />moetgragar, and eax6 isattraaee company concerned i s hereby aothoriaed and directed to make payraeat For auch <br />lore ditraetiy to mortgagee instead of to mortgagor and mortgagee jointly, sad the ituuratxe proceedy or an7 <br />pact thereof, may be applied b7 mortgagee at iu option tither to the reduction of the indebtedner beeeby <br />aeearcd or to the reataaation or repair of :Se property damaged or datrored. dv event of foreelowrc of this <br />mortgage, oc other transfer of title to said property in a:tiaguiahrvevt of the indebtedness secured hereby, aU <br />right. !illy sad inteetat of the mortgagor in sad to say idriraoce polices then iv fozx shall par to the <br />purchaser or mortgagee ar, at the option of the mortgagee, may be surrendered fora refund. <br />g. Ht will Jeep all baildings and other improvements an said property irs good repair and condition; <br />will permit, commit, ur suffer no waste, impaitmen4 deteriaratian of said propert}• or any part thereoi; <br />in the event oC failure of the mortgagor to keep the huildinge no acid premises and those erected on said <br />premises, or improvements thereaa, in good repair, the mangagee may make such repairs as ill its discretion it <br />tnay deem neceeeary for the proper preservatiav thereof; and the Fuli amount of each and every such payment <br />shall be immediattlp due avd payable avd shall be secured by the lien of this mortgage. <br />1;. Ht will not voluntarily create or permit to be mated against the property subject to this mortgage <br />any lien or Ittrrs inferl0[ or superior to the lira of this mortgage without the written coruent of the mon- <br />gager; sad Further, he wail iieep and mamtaiv the came free from the claim of all per•eons auppiyinq labor or <br />malefiaL fear covatNCtion aF oily and all buildings or ImprOYement6 now being erected or to he erected on <br />said premise. <br />i.. He wiFl not rent or aaugn any part of the rent of said mortgaged praperty or demolish, or remove, <br />or subsbntiafly alter arse building without iht w[i[ten consent of the mortgagee. <br />j. All awards of damages in conriectton with an} condemnation for public use aF or injury to any of the <br />prupesty athject t4 this mortgage are hereby assigned and shat! bt paid to moztgagee, who may apply the <br />ears to payeaen[ of the iaatallaaents Sant drte under =aid note, awl mortgagee is hereby sut.hotiatd, is the <br />name a[ the nlartttagor. to execute and deliver slid acquittanus thereat and to appeal tram any auch award. <br />k_ The mortgagee shall have tilt right to inspect the mortgaged premises at any reasonable stmt. <br />. fir, ikJault Frt any wf the covgtanls nr rondkioall nF this iastrumtnt or at the note ar loran agreement sect+red <br />1K[elrY,ahajJtsrnaiaalt.lhtigotlg+gori rig~ltt to possrasion, oat, and rnjo}nttnt of the propert}, ut the optton of tftt <br />ewrtgtrgee or hies asaigna Fit being agreed that the monaagor abort! hate such right slntil default). [spay any such <br />dsfaalb the mortgagee sbsll become the owner of ail of tlpt Teller and profits accruing after default as ercuritr <br />fors the rrtw4ebtte+iasss secured hereby, wlib lht right to tarter upon said ptopert y for the purport of callea:tinq such <br />trrnta and proita. This iiutrument shall operates as a6 artggnrenl 4f ally rentals an satd property to that rztent. <br />
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