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80007052
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Last modified
1/14/2010 4:27:26 AM
Creation date
1/14/2010 4:26:48 AM
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80007052
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<br />Said promissory note xd givrn to xwtr a Ian in which the SauA Bttainess Adtuinistration. an asmeg of the <br />ttt stall. of Aaaesica, has pytxaptad. to eompiiaxe with aeetien 161.1 { a t ar the Attlee and ReFalatiena of <br />tba Stsii Btteioer Admfn6tra[iora [13 C.F.A. I6i.ltdt 1, tbi. ineteuntent is to be eeaslrnaQ and eaforeed is aeeord- <br />aMS ao~ieable :'t€dersi Ifsr. <br />L 'Pbe aaotlp~ar aosttnan4 sad ageee r foBwe: <br />a. He trill pranpUg peg the indebredser- eridatesd bg ~ttttid prwfsesrg Halle at tits lanes udst the <br />,aaaser thetras proided. <br />b. He wi}T peg sH tazd, asattaseats, w~ stir. sad giber governmental or tnustit'iPaE aizsr#ea. 8naat x <br />impaitiona, ~r vrbia:b prevision has tmt bt'm made hereitabefat, and trio praaapdg definer the aicial ra~ipn <br />tltettufer is the ~d menga~s <br />+. C Ha wilt pay atueb ettpensea and fed, r troy be imatrred in tbe~ protection sled ttuia+~-->~ of aald <br />paopertg, ittdtalirrF the fern of asg attotoeg employed by !!te tmrtgagee far the collection of ang or aD of <br />the ias hereby ssettred. or foreeieaane by roortgageel sale, or loon proeeeditsgs, or in awn other <br />litigtximt or praading affeetiaF said prnpettq. Attarneve' (ea ressanabh incurred in anv other wan sha11 he <br />paid by the tnortFa{tor. <br />d. Far better sa!eut?ty of the irdebtedtaw hereby urured, ::prat rite request of the martFtgec. its <br />aureeaarara ur aaaiFna. }ua shah execute and deliver a supplcattvntal nenrttta;zr ar :ntart{:aµ.s covrrinpc anv <br />ad+iitiana, improvements, or hetternsents made to the property hrrrinabaraa ~ietcribrd and all pcniterty <br />aaquirrd by it after the date Itereaf Bali in form satisfaetora to ownaapgre ~. Fur•hcrrnure, should roorltCagor <br />fail to cure am default im the paayment of a prior or inferior r~reci¢nebraure nn tltr property +iescribed b.: <br />this inatrumant. mortraFat herriey attrren to prrrm it mnrttCaree to +~ure such ,ielault, but +nartuaFee i~ nol <br />abligatrd to da Ko; anei Hoch advancer thali beware part ul' the indeht+^dear~M r,.+iarrd by this instnrment. <br />sttbjeet to thc~ Ranee terms and caaui'itiona. <br />v. The tiFltts created by thie convevaarx shall remain iu Full fon~r and rlfect +htriupt aaa puatlu,nerurtrt <br />or eate[tsioe of flee time of the pavment of the in.lrMrdnrss ra idrnred ha .aid prntnirwtrc unle or nm part <br />thereof secured hrrebv. <br />f. 1fe will tatntinaously mac..e.ia heard insurance, o[ each type or types and in such amounts ad the <br />mort7tzRes may from time to tune rrquin nn the- iutprruvrmetNR now ur beers Gtr .m -aid propene. ,n+d <br />will pay promptly when doe say premiame therefor. Alt inenraoee shalt ire carried in compaaid acceptable <br />to ce and the policed and renevrals tlua~ertf shall !te held by tmtrti;ager and here attached thereto <br />Ines payable clattees in tacor of and is form arrrptablr to the rnartragrr. to went of lass, mortga{:at wilt give <br />imiatardiatts notice is xritio; to rn°''Rtatiew and raurtgsFae may make prawtf o[ lose if not made ptwntptly by <br />etaangagor, and each insnrance eataapanv ixmcrnted is hxrcby authorized and directed w make payment far such <br />leas directly to taar{Fegee inatesd of to ntxutgagor aa€d mtertgaFce joint}y, and t}tr. insuraace praeeeds, or any <br />pa,n tlsrr~oF, rbay be applied by martiagtx a# its option rititarr to t}tr a~eduction of the indela;ednras hcrebv <br />seeutxai ar to tsar rrataratiaa ate repair of the property eiamago.l or dessruy-rri. [n enrol ai foreclosure yet this <br />utartpeaplr. nr ether €r:ssLer of title tat sand property in rati.a~ttia,ka:tnant of the indehtriitrea~ secured hcrsilsy, all <br />ri~t, titre: late-mist ~ tlr:• rtorsga~r in sad €a any sne#ranre pa}ie~s thin in farce ehai# pass to the <br />purtiteeer as raonFaFer Ae> a{ the option r,f ilte rttartaaaee. maa Iw -urrrndrred iur a refund. <br />F. He will keep all buildings sled other amprcveneenta uu said prapx~rta in wnurl repair .uu1 runditiotr: <br />will permit, rattamit, ttr ^a[i+ur nsa waste, iaspairerten4 deteriuratime of said property ur ana part thereof: <br />is the event of fsiltare of the ruortgaptor to krrp the buildings ou .,aid premises and tltu:r erects+l un •aad <br />prraaiseesv ut' improvetttrata thereon, in poed repair, rite ntanttager nu} ntakr zurb repairs a- in its d+ccretion <br />it may deem rttcrsaary for the proper psesrr+aliou thereof: and the [u!I anwuut of each anJ corn orb <br />lwyaterut shall be intmrdiately due and payable: and shall Ire xcurrri ba rite !irn of thi. n+on Ra yr. <br />h. He wiH not volunUriiy crea{e ur permit to br created aRairut the property subject to this monFage say <br />lim os lecaa infeeiar os auperiar to the 1[en of this mortgage sitbr:ut the written cur»rat of she mortgagee; and <br />fnitlacr, that hr• wiH keep and maintain the erne free frmu for ;-lawn ..t all pr rsuns ruppla ants labor u, <br />itC{atetials far ea6atruatian of an[ slid al} buildings or impru.enu•nIs now }trinE rn•rted ur to he rrrrtwi ou <br />' - tnedVpremrses. <br />E. Hr avi}i not rent or aaatgn ana pan of flee real of said mortgaged properta ar demoiisM. or rrmua r. <br />ur .ubstaatially ahrr any building withaut the written ronsrnl of the morigager. <br />.. €. All atrarda rtf danta}ses in conucctian with an+ cutrdeawtatintt fur {.athtic .t_e- asf ar injury €o say „f tie <br />Irrapsny +ubjrrt tee Shia :ttnnpage see hrrrby assigned and ';hall Ire paid to rnunaagea wba maa apply the <br />cease In t.ayutent of tfre iuatallmtats Fart due and rr said rule, an+l murtgaµer s. herrb+ authorized. in the <br />-. tt~wnr of thr.rsrortgsgar,-M r'Srratc and deliver valid aequittanaes ttaerruf amt tr. apps} fmua ana xnrh aw~anl. <br />- ~'. ~I~hr: ttaart~ter shall bare the right to ins{+eci tttr Harr€gaged prernaw> at Rua trarEntrabte ti~rr. <br />f iF;; arty of-the ,;svettantt ar ernditiotts ~ this itratrumrat ar of the note or loan agreeataene .scored <br />shall iarrainate tits ntattgagar`a ripe t0 paeaeseiosy text and en,}aytaa!at of the proprny, at the option of the <br />aaaxlt+~* ar }uie asatigna lit being agreed that the mortgatttir shall have such right until defauhi_ Upon any such <br />a>Cpfini~, the mortgagee elt.ll brettme the awtter-a[ all-af teats and profits acetuieg after default as srcuriw <br />fggf th.s iatirrbtedneat secured Itarehy, witlA lira ri~so er~+tt t{pttlr said propcny for tbt purprtse of raltcrtiag such <br />reaFM sad ptofit^. T3tia eeytrnmen{ Mhail Operate et m tlesi;agstent ref tnty r€ntaia op acid prapegtg tat that ettt+ent <br />
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