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80006950
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Last modified
1/14/2010 4:08:20 AM
Creation date
1/14/2010 4:07:41 AM
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DEEDS
Inst Number
80006950
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<br />~. i~e!'aatglraf r1OSt~ Yd i~lr Y[e}isa~a: <br />s. He will prempely pay the indebtei~er avidsrxd by said ~ ataram9 tsNe at the tittw trd a eke <br />f tbers>m ptnarlded <br />b. Hn wiH paT all utw. tom, water nova. srl eeber ®e:~td or taettieipal ~+~+> fieta4 ae <br />~tpattitio~r {et tr6irb prwiretk hr oat bees utade lte~aietore, aed .f17 rltamptly deliver the oie3al neeipu <br />tlerdor to t-e aa3d ttaortgttsee. <br />c. He will pay stteh expeoeee and tees ae may be intvscd in the protection sad ttaaintenantt of said <br />gropcrty, incladitrg the fees of any attorney employed bq the mortgagtt for the collection of any or all of <br />the indebtedner hereby ettuzeai, or for ioreelosure by mortgagee's Bale, or rnnrt proeeetl£nga, or in slay other <br />iit£gtltion or proceeding adect£ng said premises. Atwrneys' fee. reasonably incased in aay other way shall be <br />peed by the morggagor. <br />d. For 6eaer security of the indehtednaa. hereby seemed. upon the regtten o[ the tttortgtlgee, its nae- <br />erron x arigtre, he than execute and deliver a mgple»aenul mortgage or mortgages corering soy additieos, <br />~irprovartextts, ar bettertaaxlb made to the property hereirrabove described -nd all property aognited by <br />it ~ s~ +f>st~. heeresf fall ~?rn+r_ setisfe~axy sa tsar[-age?. ;„art4eerseare. thaald :sacs,-,agar fail is enrs <br />Imr defaah in khr partnenx of s prior or inferior enrumbranaxr on kFrc property described by this isttzttmen4 <br />mortgagor here by agrees w permit mortRaatt to care earn default. lwtt mor[gaRM. is sat oblittated to do so; <br />arul such advaarea .hall became part of the inddxewlner secarcd bra thin inetntment, .object to the eases <br />terms aad «ot>ditionr. <br />«. The riytElL created by [hie crmveyanee shall rcmam in tall farce and rffttt during one' postponement <br />or ttxtenaion of the rime a( payment o(th« intl«btrdnrss a+vidrncrcl ley said promissory note or any part therco£ <br />secured hereby. <br />f. He will rarltalnaUFl>' matnlalO haaud meurance. of such type nr h-pes and in such amounts ae [ire <br />sncti,~,agre may from time to time rrquirc nn the improvements now ar hereafter on said property, aad <br />grill pay P+~P~7 when Aa any prem£rtm therefor. All ismtataoe .hall be carried in companies acceptable <br />to mortgagee and the policies and renewaM thereof shall be held by mortgagee and have attached thereto <br />for payable ehtaaa En favor of attd is (awes acoepu4le to the awrysagee. is event of loss, mortgagor will give <br />iaamediate n¢tiea is trriting w mart3+6+a• ad may make proof of leas if tact made P~PV7 b7 <br />t a~ sash iain+rataca oaomppatay art.-~ea~ is b+rehy ansho~l and tfireeted to make p.ymeot for seek <br />for dieectEy to arortgrgea itaruad of u oeortgrylpor sod mortgagee jo~inlty. atad the iwarrsta praneeda, or am <br />part ehereof, [stay be applied k'y ttasrtg~ee .t iu opttian either to eke redoetian of the indelNtxubaer beneby <br />aeenred ar to the t~earatiaat ar repair of the ptwtparty dattulpsd nw daattoycd. Ea sweat of foreelnme of [Ells <br />tnsrWgaga, or Daher traaafpr of title to said property in eatingnislfmtent of the inrlebtrdnese sectreed hezeity, all <br />rift, title, tad iatruaai of the mortgagor in and W soy ittataraaae ptaiicbtt they io fateexshail per to tic <br />Itureltatrr rer ttaortgagee etc, at ibe option of the mort{tagae, may be enrr«trdered for a refund. <br />H• Ha will koep :l1 Entllllings and other anp~rovemens on said ipxopcrty inn good repair and condition; <br />wilt permit, commis, or asfhr tw waste, impairment, deterioration of said prapcrty or say part thereat: <br />io the event of failnre of the martgag~r to keep the buildings on .aid permesea and those erected on said <br />premises. ar improvements thrreoo, in {toad repair, the mortgagee may make each repairs as in its discretion it <br />may deem necessary for the proper presenatian thereof; and the Full amount of each and every such payment <br />shall he imnsediatelr due and paralae and shall be secured Ety the lien of this mortgage. <br />h. He will sat vultmurily create or permit xa he created against the property subject to this mortgage <br />ant hen or lictu inferior or superior to the lien of this nmrtgagr .without the written consent of the mart- <br />gagee: and fnrtlur, he will keep and maintain the same (tee from the claim of all 1>ertone supplying labor or <br />rstlteriais for cwrstruetiws of ens and sli buildings or improvements now befog erected or to be erected nu <br />acid prensi~ae~ <br />i. Hr well nai rent or assign any part of the rent of said mortgaged property ar demolish, or removq <br />ar subsunkialiy alter sus building without the written consent o(the mortgag«r. <br />j. All awards of damages in coanertion with any condemnation for public use of or injury to any a( the <br />prapsrty sttb~let !a this anortg+r,pe ate herabr assigned atad shall be paid fo mortgagee, who +aaY apply tits <br />suss to payment of the iatNEEwear last due under said notes, and mortgagee ie heneby autharitted. is the <br />name of the monga:ar, to caecute and rleiiver valid aegaittanoes thtreaf and to appeal from sny steel[ award. <br />it. Tito .eo~+~_.,g«~.. shall have the right to inspect the mortgaged premisr~ at any rr_,ntsonabk tirnr' <br />„.~ .jFe4anlt in say of the rovenaab or-randitiona at thu iaaue+rrsent or of the note or loan agreement secured <br />h4lwrl~z, altar trfraalnais tits tttartgafica~a right. t9 pasax9sion, stxt.ssd erjayrttent of th« property. at the option of the <br />~ or his assigns i it being agreed that the mortgagor ehsll have such riahx until drf~rtlt t I ~rKtn env such <br />t~ the mortgagee shall become the crwrlez of ap of the rrnta and praClie accruing after default ae xeurity <br />ftu llaa ~taoeai~l Itareby, with the right to rnres upon said property for the lwrpose of collecting such <br />ttltAtr end yw5p. This s»sirumcat shall openNa tat as aaailletaaant of say rentals on slid prapertv to that extent. <br />
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