80005272 - Laserfiche WebLink

Browse

3Q--~ U052"72 ><. 1'hsaoetpger eaeaaotaamd,grem mftiilowa: a- ~ will P~Pap Pal the indebtedtur evidenced by said promfrorp note a the times and in the mawr 1bAeain penvided w: $e will pal sII taxay arasaatetata, water dteb sad other govcramcatal or mmieipal ehnrgea. $nea; ar ispoaFiiio~ tort which ptorfoaa has not beam made hereinbefore, and will peomptlp de$ver the oirial reeeipb therefor to the acid mortgagee. c. He will pay such expenses and tees as may be incurred in the protection and maintenance of said property, including the fees of any attorney employed 6y the mortgagee for the collection of any or all of the indebtedner hereby secured, or for foreclosure by mortgagee a sale, or court proceedingb or in-any other litigation or proceeding a$ecting said premises. Attorneys' fees reasonably incurred in any other way shall be paidhp the mortgagor d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its sue- eeasora or arigab he shill execute and deliver a supplemental mortgage or mortgagee covering any additionb improvementb or betterments made to the property hereinabove described :nil all property acquired by it after the date hereof {all in form a~tiafaetory to mortgageel. Furthermore, should mortgagor fail-to cure car default in the payment of a prior or inferior encumbrance on the property described by this inttrument, mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; sad such advancm shall beec~mr part of the indebtedness secured by this instrument, subject to the same terms and conditions. e. The rights created by this conveyance shall remain in full (ores and e$ect during any postponement or extension of the time of payment of the indebtedness evidenced be said promiasurv note or any part thereof stxured hereby. f. He wiL continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee may irom time to time require on the cmprocements now or hereafter on said propertc, and +~ Pap promptly when dae any premiums therefor. All inatrantx shall be carried in exuapania acceptable to moet6alpee and the policies and renewal thereof shall be held hp mortgages and have attached thereto lars papabhs claarea in favor of and in form acceptable to the mortgagee. In event of lose, mortgagor will give iaaediate notice in writing to mortgagee, sad mortgagee may make proof of lar if not made pmmptlp by mortgagx atad each inatrranoe company eoaeeraed i s hereby authorised and directed to make payment for such lass diredlp to mortgages instead of to mortgagor and mortgage: jointly, and the irutiranoe prooeedb or any pert thereof. map be applied by mortgagee at iu option either to the reduction of the indebtedner hereby aeenred or to the restoration or repair of the property damaged or destroyed. In event of foreeloanre of this mortgage, or other trawfer oI tiik to said property in extingaisbment of the indebtedtter secured hereby, all right, title, and interest of the mortgagor in and to any inwraaee poluia then in fortx shall par to the purchaser or mortgagee or, at the option of the mortgagee, may 6e eurrendened for a refund. g. Ht will keep all buildings and other improvements on said property in good repair and rnnditiort; will permit, commit. or auger no waste, impairment, deterioration of said property or any part thereof: in the event of failure of the martgagar io keep the buildings an said premises and those erected an said premises. or improvetnsnte thcrttto, in good repair, the mortgagee may make such npairo as in its discretion it may deem neceawry for the proper preservation thereof: and the full amount of each and every each payment shall be immediately due and payable and shall be secured 6y the lien of this martgage. h. Ne will not voluntarily create or permit to be created against the property subject to Phis mortgage say lies or liens itderiot or superior to the lien of this mortgage without the wriUen consent of the mort- gages; sad further, ht wilE keep and mainuin the acme free Pram the claim o[ all persons supplying labor or materials for rnnatruc[ion of any sail all buildings or improvements now being erected or to be erected on said premises. i. He wifl not rent or assign ear put of the rent of said mortgaged property or demolish, or remove, ar sahstaatiallp alter any building without the written cottsent of the mortgagee. j. All awards of damages in connection with say condemnation for public use of or injury to any of the property aabject to tkia mortgage are hereby assigned and shall be paid to mortgagee, who away apply the aasaa. to payst~t. of the ittstalloeats Iasi due under acid Hate, and mortgagee is hereby autltoriaed, in the name of -be mortgagor, to execute and deliver valid aeyuittances thereof and to appeal from eny such award. k. The mortgagee shall have.the ripltt to inspect the mortgaged premises at any reawttable time. 2 Retanlttn any of the. eevrnauts or eondition- of this inttrument or of the. Hate or Loan agreement. secured hexeratlrstll<.igsp{1w~t,t~mu~tgygor'a right u possemion, use., anti enjaymeni at the praperty, at the aptimt of the rrorlgsgve or his atttigas (it being agreed that the mortgagar shall have such right until default i. 1'pan any ouch ~Iaalt, tits mortgagee shall become the owner of all of tbs. rams and profits accruing afro ~Iefauk as security f~ the indeblcdnep secured Ircreby, with ifie right to enter span said property for the purpose of rolltxxting such rawts nREI profits. This instrument fhtll operate as aQ aaai;6wtcnl of any rentab on acid property to that extant.