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80006902
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Last modified
1/14/2010 3:54:33 AM
Creation date
1/14/2010 3:53:29 AM
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DEEDS
Inst Number
80006902
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<br />e i1C~.CS"`~~ -6- <br />of td'se ~exaises except &ar actual occupancy by the lessee there- <br />under, will at all times promptly and faithfully perfozan, or <br />came to be performed, all of the covenants, corsditions and agrs~s+- <br />aaessts contained in a21 lessee of the msrtgagsd property, Hour <br />or hereafter dating, an the rsart ~ the lesser thereunder <br />tca be kept and Performed; a11. leases on the agprtgaged property <br />or any part thereo! shall be in Sorm and st~stanoe sati$fac'rary <br />to lTartgagee sad, at the option of Mortgages, e~all bs mraignssi <br />to l~cartgagee. <br />Section 1.13. Ramat t4 Contest Taxes . Mortgagor cosy is good. <br />faith oautest, by proper egi of ~cee~ngs. the ~lidty or ~ovnt <br />of any tax or aasesament which Mortgagor ham a;reed izs pay wader <br />this Mortgage: provided Mortgagor dt:pomits vdth Mortgagee as <br />security for payment of mach oonteated its an anm}amt equal <br />thereto, plus interest and eenal.ties, acid ftarther prrovided treat <br />Mortgagor will pay such mntemted item and asl aorta aired penalties, <br />if any, at least t3airty (30) days before the date the mortgaged <br />praeprty may be sold by tlae taxiing asatharitiea because of mnpay~nt <br />of a2ach tax or assessments. <br />Specific ~'mvisions <br />Article II <br />Section Z.Oi. Additional Fini anT. A. The MOrtgagar oove- <br />n3nts that it will not~c rectly oror indirectly, mortgage, pledge <br />ar encumber the mortgaged property or assign or attempt to assign <br />the vents and profits from the t~,rt~aaged psnperty other than the <br />lien of tkais Mortgage sad of the lien ai< the ~iirrclage to Commercial <br />National Bank and Trust Co. , or the lien of say other 5ecurina <br />Agreement, except the following <br />ta) liens far a3 ~aiaram taxes far thre then ~arrent <br />year ;~ieh a~ not yet sue; <br />, _ <br />s~) +~aseae~~4, ~a.~gnts o. way, restrictions and <br />res,ervatioa$ €asist,ng ~ aPRratian of law over, seder, <br />upon ar against the mortgaged ozoperty or any part <br />hereof ; <br />te) arming laws and ordinances grid similar restrictions <br />existing at date hereof. <br />x. Mortgagor agrees diet it will Hat in any ether manner <br />impa<-i.z ar threaten the value of the cmrtgaged property or the <br />security of Mortgagee. <br />Section Z.J2. Na s'k:fault. The Mortgagor covenants and agrees <br />that it will rat suf er~"~ a`z permit say default to occur tnder this <br />Mortgage, Luit grsil faithfully alaseave aid perform a1i of the condi- <br />tions, covenantq and requirements hereof obligatory upon it. The <br />Mortgagor aovenaAta and agrees that it will rot go into wluntary <br />lrarsiCragttcy ar insolvency, or apply for ar wnsent to the appoint- <br />ment of a naoaiver ar trustee of itself or of its mronerty or <br />make any general assignment for the Benefit of its creditors, <br />or ar;ffer say c~.rder adjudicating it to tae bankrupt ar insolvent <br />or appointsng a receiver or trustee of it or of its prropezty. <br />section 2.t73. Her r Consolidation Sales ar Leases. The <br />Mortgr pov8rnants t at wa cot saerge ar vonso a ate with or <br />3..r~ ~3 z in~~~ 1...~.a,.,,: ~_ aar~n ~_ <br />- v ° a~Aajj,{i~i', VL i:i[iII QLl{,YQ 1i48{:Ll~V <br />aaoxt~ed-prewi,sem without~tiae written aonasnt of the Mortgagee <br />surer ateytigas aitat~saquent cats auct- merger, atmaolidation, sale tinclud- <br />i.ng land atMrtract eels), lease ar ether ctispoaition witl~ut the <br />4utlmsrtt 'tga, the Mortgagee may at itta option declare t3ie <br />~d ~iseeipal b~adanaB imaediately sue and pteyahle tragether <br />xs~ ~ inter~at arxi fats dsargas, +fiatleer or net arty dtxfault <br />6aCi5t$. S'~,e ar,vi~tt t)'iim suirmectian ?.t33 ahail sun with the <br />
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