Laserfiche WebLink
<br />d. For better security of the indebtedness hereby secured, upon the request of the mortgagee, its successors <br />tar assigns, mortgagor shall ezecute and deliver a suppitmental mortgage or mortgages covering any additions, <br />~ 4mprovemertu, or betterments made to the property hereinabove described and all property acquired by it of*_er <br />~ •:x dart htrtaf tai!rn feral satisfatrory to mortgagee}. Futherinore, should mortgagor fait to cure any default <br />ai. m rite payment of a prior or inferior encumbrance on the pro~rty dib,~i by this instrume~rtt; mortgagor ttere- <br />,.y by agrees m permit mortgage to cure such default, but mangage is not obligated to do so; and such advances <br />~ shalt becomo pan of the indebtedness secured by this-ittstrument,.sttbjca to the same terms and conditions. <br />O <br />t, The rights created by this conveyance shall remair. in full force and effect daring any postponement of <br />extcnsian of the time of the payment of the indebtedness evidenced by said prvtstissory note or notes, ar any <br />r..,t pan thereof secttetd hereby. <br />f. Ta continuously maintain hazard insurance, of such type or tp~s and in such amatmts as the mortgagee <br />clay from time [o time regnve xm the improvements now or hereafter an said property, and will pay promptly <br />when due any premiums therefor. Atl insurance shall be carried in companies acceptable to mortgagee and the <br />polices and renewals thereof shall be held by mnngage and have attached thereto -oss payable clateses in-favor <br />of and in form acceptable to the mortgagee. In event of ins, mortgagor will give immediate notice in writing <br />to mortgagee, and mortgage may make proof of }ass if not made promptly by mortgagor, and each insurance <br />company concerned is hereby authorized and directed to make payment fer such loss directly to mortgage <br />instcax: of to mortgagor and mortgagee jointly, and the insurance proceeds, nr any pan thereof, may be appfi~ <br />by mortgage at its option either to the reduction of the indebtedness hereby secured or to the restoration ar <br />repair of the property damaged or destroyed. In ts.°er:t of fortciosurz of this monSage. or other transfer of dtte <br />to said property in extinguishment of the indebtedness secured hertby, alt right, title, and interest of the <br />mortgagor in and to any insurance policies then in ford shaii pass to the purc[taser nr mortgagee nr, gr rt,. <br />option of the mortgagee, may be surrendered for a refund. <br />g. Ta keep afI buildings and other improvements on card property in good repair and ctandition• to <br />pt°rmit, commit. or suffer no waste. im~irmtttt, deterioration o€ ;aid property or any part thereoi; in the event <br />of failurt of the mortgagor to keep the buildings nn sand premises and those erected on said promises, or <br />improvetnerits thrrean, in good repair, the mortgagee may make such repytirs as in its discretion it may deem <br />necessary foe the proper prtstnation therraf; and the fart amount of each and tverv such payment steal! be <br />intmediately due and payable: and shaii tee secured by the ftir, of this ~'nxartgagt. <br />h. fo not voiuntarfly rrrcatr or pennst to i+r irtatcxf agattsst the t±ropcny subletit to this mortgage any Len <br />esr tuns inferior to the lien of this morrgage °xuhout wrrtten ~onstnt of the mortgagee: and father. that mort- <br />gagor svitt keep and mastatair, the same fete from the :teem of elf perfom ;applysng labor ar materials for con- <br />struction of any and at3 buildings or improvemenu Haw txtng ertttd or to t+r erected on said premises. <br />i. To not rent or assign any part ca!' the rent of wed mortgaged property or demolish, or remove. or <br />subs[antialIy alter any buitding without the ++rttten :ansezst of the rnortgagcr. <br />j. Ail awards of damages to ccnnecnan with any candtmnstton for public use of or injury to any of the <br />property subject to this mnngagc art hereby ass:gtsexf and shaii be paid to mortgagee, who may apply the carat to <br />paynitrtt of the irtstaUments cast :tut under card Hate, and mortgages is hereby authorized, in the name of the <br />ntongagar, to eattutr and tfcivtr valid att:quettat ;mss thertui and to appzal from any wrh award. <br />k. The mortgagee shaii havt the right to snstxrt rho manitattssl premises at anY reasonable time. <br />i. To comply wsth the provisions of any trace sf thzs ytartgage ss on a Irasehold. tf this Mor~.ge is on a <br />oral in a condotnirtiutn or a planned wnt des°riopmrnt, Barrawcr <hall perform all of i3orrower's obligations <br />under the dcctaration nr cnvenants creating or gavtrnm(* the condominium or pfanaed unit devtloptnent,thr <br />by-laws and reguiatians of the cortdontittittm or planned amt ~vefopmettt, and constituent documents. <br />2. fae€suft in any of the rovtnants tar rooditiorrs cf this instrutrmse or of the note or loan ageemeat sauced hereby <br />steal! terminate the mortgagor's right to possesstan, use, and enjoyment of the property, ai the option of the <br />nmrtgsget at assigns Cie being agreed than the mortgagor shat! have such right until default). Upon any such <br />d€fauh, tl~ mtmgagcr shall ba-oni-, tint owner of all of the rents and profits accuring after default as saucily far <br />the ittdebtednoss stee.~srrd htrrby_ with the right sq enter t:pon said prnperry far the purpose of ralieetirg suers <br />rents and prefers, 'fibs itistrttmcnt shaft operate a3 an assignment of any rentals on said property to that extent. <br />3. if the mortgagor defauhs, ate faits to make any payments whrn due or to ranform to and compl; with aay of <br />the ectttditjons or agreements contained in this mortgage car the Worts which it secures, thin the entire principal <br />at5$ acertted iruerest shall at ante become due and payable. and tfraw _ * per rent (17-5 ~} imertst <br />t}ter+arftcr tttttil paid at the eieetiott of the mortgagee, attd eh=s mortgage may thereupon be forecltssed Immediately <br />for the whole of the indebtedness hereby secured, including rho cost of extending the abstraM of tide from the <br />dcaas of this tnarigage to the tirffiC of cammrax-ing retch soft. *Saventeen and one-teal f <br />~. fa the evem of a fareelaaure or default as provided herti.a, tits mortgagee shelf at once bt eatttled to the pos- <br />st~sian„ tree, aad tsjoyrtttstt of the reel estate aforesaid and to the rent, issues, royalties, and profits thtrtof, <br />front the atttutrnt of stiCh rt>_ehts and during the petukttcy zaf fortrCost:;e prxacecdtngs sad xtteh possessions. fer., <br />at of tae dtaiivcra~d to the ntortgagoe ttpnts requ. upon fhifure Such dttivery of such taosscssian tray be <br />~£-by re~trf, by any apixopriatc €ogaf prtssealings, iticfuding a rta:eivtr lot the prapsny. <br />~• T'Itst t~ of arty sa;~ xaf raid tzropersy in ac~xxdanee with the prerxding paragraphs shall be applied elect to <br />t3f~ s`osta and sxpt of € , lire rxpta~ ingtrrod by aRo mortgagee for the purpose xsf prntrttt:ng ae <br />~rq~{`'taiS prtyre+'tY. ~e«tdly, io pay the ittdotbtdtuess seared hertby; and ttsirdly, to pay any surplus txz <br />t..tECCSte to tits putt txr petsaas fegallY eatitlcal therttn. <br />