Laserfiche WebLink
$1---t~Ci155f~ <br />d. For litter security of the indebttdntss hereby secured, upon the request of the mortgagee, its successors <br />or assigns, mortgagor shaft execute and deliver a supplemental matrtgage or mortgages covering any additions, <br />improvements, or brttermtnts made to the prapetty hereinabove described and all property acquired by it after <br />the date hereof {all in form satisfactory to mortgagee}. Futherntare, should mortgagor fait to cure any default <br />in the paytttettt of a prier or inferioe encumbrance nn the property described by this instrument, mortgagor here- <br />by egrets to permit mortgages to cure such default, bet mortgagee is not obligated to des so; and surh advance, <br />shall vc~.ne pir.i of t.te inurn[ccir;ess secured by this instrument, subject to the same terms and conditions. <br />e. 'The rights crested by this rorveyance shad remaintn full forte and effect during any postponement or <br />tett~sion of rhr time of the payment of tht imlebtedttess evidtaced by said promissory note or notes, or any <br />pttrt thereof s~rittd hereby. <br />f. To eotttinuously maintain hazard instuance, of such type or types attd in sut:h amounts as the mortgagee <br />tees} from time to time rtquire on the improvements now or hereafter on said property, and will pay Promptly <br />wht~t due any prtmiums therefor. 411 ittsuranee shall be rzeried in companies acceptable to mortgagee and the <br />policies and renewals therasf shad be held by .nortgagee and have attached thereto [ass payable clauses in favor <br />o€ atxf in farm acceptable to the mortgagee. In event of loss, martgagar will give immediate notice in writing <br />to trtortgagrr, arui mortgagee may make proof of lass if not made prompt#u by mortgagor, and each Insurance <br />company concerned is hereby authorized and directed to make payment far such loss directly to mortgagee <br />insttad of to mortgagor and mortgagee jointly, and rite insurance proceeds, or any part thereof, may be applied <br />`vy irrartgagc`e at its option eirl-n=t to the rru'uctian of the indebtedness hereby serttred or to the restoration or <br />repair of the property damaged or destroyed. In event of foreclosure of this mortgage, ar other transfer of title <br />to said property in extinguishment of tht endobtedness srrured hereby, alt right, tide, and interest of the <br />mortgagor in and to any insurance palicits then in force shall pass to the purchaser or mortgagee or, az rho <br />aprian of the mar€gagoe, may bo surrendered far a refund. <br />g. To keep all huildin$s and ether improvements an said propr~ty in good repair attd condition; to <br />permit. commit, or suffer no wash, impairment, dt~eriaration of said property ar any part thereof; in the overt <br />of failure of the motgagor to keep the buildings on said premises and those erected on said premises, or <br />irnprtrvettrents therttcxt, m good repair, the tnartgagee may make surh repairs as in its discretion a may deem <br />treerxsary for the pratxr preservation thereof; and the full amamt of rack and every such payment shall be <br />itnrntdiatrly due aru! payable; and shall be secured by the !tin of this mortgage. <br />h. Ta not raiuntariiy Greats ar permit to be ,seated agatnst the proper} subject to this mortgage any lien <br />or .tens inferior tt? rhr tern of this martgagr without wrtrtrn cnnstnt of the mottgager; and Y'uther, that mort- <br />R=gor wall k_rrp and matmain rhr same free (rant the claim of all prrsans supplyinu lobar ar materials for con- <br />strus-tton of env and alt txuihfings or impravemmts new being erected or to be ereted on said premises. <br />i. Ta eat rent or asxigtt any part of the rcpt of >aid rne:rtgaged property ar demolish, or remove, or <br />substantially alter env buikfing without the wrtttrn consent of the mortgagee. <br />j. 4Il awards of ~ in connection with arty ::an:G.mnaztan far public, use of ar injury to any of rho <br />praperiy subject to this mortgage err hereby assigned and .hail bt pahl to mortgagee, who may apply the soma to <br />~tytntmt of tl~ instatlmems Gut due utxirr said Hate, and mortgagee is hereby autharizrd, in rhr name of the <br />rttartgagtsr, to ezecutr artd dedv~ xalid acnia~rrancr. ~f arm to ~t fr:~t .any surh avard. <br />~. 7'Ite rn~v_taw~~.e glt~ >u~ the !iesrt rn ,._... tit: n:,.- ~_.z - <br />_ _ ~:tg3.p~.. pr~~„s at any rcasviuM1tit£ tier. <br />L Ta rompty with the provtsftms of any Rase if this 4iortgage rs art a leasehold. !f this Mortgage is on a <br />t;:~ir. ir, a r~ufarttittium err a platttx~t uttt atvrlopmrnt, dorrourr shall pttfarm all of Borrower's obligations <br />uttda rhr detdaration or ravet~atts erecting or governing rhr wndtmtiaium ar planned unit devetoptrtrrtt,the <br />Icy-taws atxl regulaiiotts of the rondominiusn or planned unit devdcsprrtent, aartd cartstittrertt documents. <br />2. L3~ftnttt in any of the covtnattts ar °oruiitia~tu of [Eris instrument ar of rhr Harr or loan ageement secured hereby <br />sh~l tr~r,.;~tr tl:t tnartgagar's ; ig~ to posian, u, and enjoynunt of the v, at the <br />tso€tga~e ~ asstgxts (n litre #Tr4Qert, aptton of the <br />g agnmet! that rhr rttortgagor shalt have surh right until default}. [Span any such <br />tle[attlt, tPu mart shalt beeottie the awns of all of the rants artd profits accuring after default as security for <br />the ~ - sttcured t>y, with the right to rnttr upon said property for the purpose of collecting such <br />rr~s and profits. Thu insttunxnt shall apetatt as eat astAigrtment a€ any rentals on said property to that extent. <br />3. If the mortgagor defau.tis, and fails to make any payments when due ar to conform to and comply with any of <br />the err a~tx contained in this mortgage ar the tttxrs whither strt:res, then the eatire prirecipa! <br />cad ar.`rxtttt# intrrrrest strati at [true becatnt due and payable, and draw * per xnt { 17.7~Fyt enttrest <br />titre[r>stfta ttntit paid at the rltrtiwt of the ttsprt; attd this mortgage may thereupon br foreciased immediately <br />f~ '% tat here#sv savrcd. ittclttdin¢ rhr cost of extmditut the ahsrrast of titre fmm_ rtz. <br />~adr of thi~.rttorte to the lima of ramtrtern-ittg such suit. "Seventeen and tltrne-quarxrsrs Percent <br />~° [g ~r tveaat of ; f~tre ~ €;Fefault as pgovided ltcrtpn, the mortgagee shall at atnx be €ntitied: to rhr - <br />~ and sssijt>grnetat <rf the rest estate afo:oaaid anti to tttc rent, issues, royslttrs, and proPtfs tl~rrat; <br />t~ ~ of w.~h rim acrd ditrin$ the pettdenry of fort~losure proceexiittgs-and strs:h pussrssions, err., <br />+7rgCS ~ dctivcred to the rttortme uprnt regtmest~ rxtaon failure such dt6vtry of such ptasscssion may lest <br />iat1~. by a+-y ~eatt tw;~ai proeeedirtgs, ineludittg a rarivtr far the property. <br />~= T~ pr of s~ of sathi prtrgacrty in acxce with the pr~rdtng paragraptca °ha#1 be apptird first to <br />t.~3 :; u~ ctAt csf ' tit, the rxpeta trttrarrrd by the trttrrt~g+ee fret tttr k tzrpe of protecting or <br />it#W seat psttt$x :tit"{, tar qty kttt i .. setatrsd hereby; and thlydtr3-. Ffx pay any 5nrplw car <br />t~ to tit ~ s~ par~ttrits ~r cittitier3 t4rsrr~u, <br />