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81000458
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1/14/2010 7:02:55 AM
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1/14/2010 7:02:18 AM
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DEEDS
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81000458
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<br />L 1ti. mas~tgse ~ a;teaa as Ha~awa: <br />~' -~3(1~J45~ <br />tatrtawar t pt'nv <br />See will paT aA tax+a4 ewerst, xater else, and other aaveramentai oz mimkipat ebat~ese 5aas, atr <br />lapadtimty Yee ~rbieb pcov bas stag berm steads bsteiabefora and will promptly delayer the a~ieiai rreaipY <br />is the said most~eges. <br />c. lle will pay sash ezpettsee sad fees ae may he incurred its the prateetian and maintenance of said <br />property, including the fees of say at*_oraey employed bq the mortgagee for the collection o[ any or all of <br />arse indebtedttew hereby secured, or for foreclosure by mortgagee's sale, or covert proceedings, or is any other <br />&tigation or praeeeding affecting said premiere. Attorneys' fees reasonably incurred is any other way shall be <br />paid,by the martgagox: <br />d. F~ better security of the istdebted hereby secured, upoa the ree}unt of the mortgagee, its sue <br />teas er essigtse, he shall ezecttte and deliver a supplemental mortgage or mortgages eoveriag arty addition, <br />irnpravemeala, or betterments made to the property hereinabove described :nd all property acgaired by <br />it after the date hereof (all in form sstirfsetory to tnort{taRee). Furthermore, should mortgagor fail to tore <br />any d=faalt is the payment of a prior or inferior eteeumbrance on the property described by thk instrnmsnt.- <br />mortgagor hereby agrees to permit mortgagee to cure such default, btet mortgagee is not ahli~gated to do eo; <br />and sash advam:ea shall become part of the indebtedness secured by this instrument, subject to the same <br />tr.-a and eanditimta. <br />e. 1'be rights created by this conveyance shall remain in full force and effect during any postponement <br />ox cztensiaa of the time of payment of the indebtedness evidenced by said promissory note or any part thereof <br />secured hereby. <br />f. lle will continuously maintain hazard insurance, of such t~~pe ar types and in such amounts ae the <br />mortltas[ee may from time to tint require an the improvements now or hereafter as said property, sad <br />Pay P~Ptiy when due any premitmts therefor. All i~rratxx shall he carried is compaaies acceptable <br />m ttamttgrrgee sad the policies and eeaevraL ebereof shall be held by mortgagee and have attached thereto <br />lens payable tlanm is favor of and in form acceptable w the mortgagee. Iet scent of loss, mortgagor wiII diva <br />itnttted`tate notice in wri*sog to moeglagae, attd mortgagee reap make proof of Iris if sot made promptly b7 <br />atsd each insorswee easapmy asaeerasd is hereby authoritoed and directed to make payment for verb <br />lass directly to morestgee iaatead of w mortgagor sad mortgagee faintly, sad the ittmranee proceeds, or my <br />part tom. may be applied by maetgaegee et its option either to the rednetioa of then indebtedttew bweby <br />weaeed or ten rise aestar:tiaa or repair of the property dot^sed or destroyed. In event of Eoreelmate of shit <br />watrt~s, n other ttnutafsr of tick to said ptsrperey in e_tiagu+~tmeat of the iadehtedow secured hereby. all <br />right, title, sad ittlereet ~ the mortgagor in and to say imuraace poikier then is fosse shall paw to the <br />purchaser or mortgages or, at the option of the mortgagee, may be eatrendeted for a refund. <br />g. He will keep all ktildinga sad other improvements on said property in good repair and condition; <br />will permit. torttati4 ar safer oo writs, impairmen4 deterioration of said property or any part thereof: <br />in the event of failure of the mortgagor to keep the buildings on said premises sad those erected oa said <br />ptetwises, or impreremenH thereoa, in good repair, the mortgagee may males such repair as in its discretion it <br />may deeat aserJSatro for the proper preservatiert thereof: and the full amount of each sad every wilt payment <br />shall be immediately due sad payable and shall be secured by the &ea of this mortgage. <br />A. He will amt vahtatarily create or permit to be creased against she property aabjeet to this mortgage <br />ray lice or Item inferior or eaperior w the Ilea of this mortgage without the written consent of the moth <br />gages: aril furtlxr, lee will keep and maintain the samms free from the claim of all persons supplying labor or <br />tasteriab for coastructioa of any sad alt buildings or improvements now being erected or to be erected on <br />said pseatises. <br />i. 8e will not teat or assigxt say part of the rent of said mortgaged property or demolish, or remove, <br />or fitly sl+btr say l...:t.i;~ witlt~aa the written coaxer of the mortgagee. <br />f. Alt awards of damages its coaaeetioa with say condetnartion far public use of or injury w any of the <br />psapeaty wbfast ea ~ aasargage sx hereby araigned sad shalt 6e paid w mortgages, wlm may sPply the <br />seas to paytseat of the kafau:a~v last due under said Dote, and mortgagee is bweby auhltotiasd, is the <br />nears of the maar, to ezerate sad deliver valid aCquittaocee thereof sad to appeal from say wch award. <br />1k 13se mortgagee shall bars t~ right to inpect the tortgaged premises at any reasonable tittle <br />+~. 11 ~ any +~ the eorenwt~ or eoaditiun of this instrument or of the noes or loan agrsettrtnt secured <br />~ a. n t-~na~?a six s~a`r rigbl m pcaaewion, ms, and enjoyment of the property. at the option of elw <br />aaas or leis awigas tit being agreed that the mmYgagar shall hays such right until default). Upon any rush <br />~isFsatlt, the mortgages shall becoear the owner of all of the rents and profits accruing afar default m security <br />tar cis asael hereby, with the right to eater upon said properrty for the purpose a( collsct6ag such <br />seta sst# prshta. Tkk shall a as ~ asf say rantab oa said p.°apsrty to that careers. <br />
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