Laserfiche WebLink
I <br />d. For better security of the itedebtedrress hereby secured, upon the request of the mortgagee, its successors <br />or assigns, mortgagor shalt execute and deliver a supplements! mortgage or mortgages covering any additions, <br />improvements, or betterments [trade to the property hereinabove described and al! property acquired by it after <br />the daft hereof (al! in form satisfactory to mortgagee). Futhermorc, shotdd mortgagor fail to curt any default <br />itt the paYtaxtrt of a prior or interior enwmhrance on the property described by this instrument, mortgagor.here- <br />bY to permit mortgagee to cuff such default, but mortgagee is not obligated to do so; and such advances <br />stub become part of the ~ secured by this insirurrreat, subjat to the same turns and conditions. <br />e. Tex tights. created by this conveyance shall remain in full fora and effect daring any postponement or <br />pq~on of the tits of the paymen[ of the indebtedtttss evtdeticxd by said promissory Wort of note, or any <br />part thereof secured hereby. <br />f. To continuously maintain hazard insurance, of such type or type and in such amounts as the mortgagee <br />may from time to tittu require on the improvements now or hereafter on said property, and will pay Promptly <br />when due any premiums therefor. All insurance sladl be rameti iA r.ompaates aoceptahle to mortgages and the <br />policies and rcnewak theretf shad be held by mortgagee and have attached thereto loss payable clausett in favor <br />of and in form acceptable to the mortgagee. In event of loss, mortgagor will give immediate notice in writing <br />to mortgagee, and mortgagee may make proof 6f loss if not. made promptly by mortgagor, and each insurance <br />company concerned is hereby authorized and directed to make payment for such loss directly to mortgagce <br />imtead of to mortgagor arai mortgagee jointly, and the insurantt proceeds, or any part thereof, [nay be appled <br />by mortgagee at its option tither to the reduction of the indebtedness hereby severed or to the restoration or <br />repair of ttx property damaged or destroyed. In event of foreclosure of *_his mortgage, or aher transfer of title <br />to said property in extinguishmrnt of the indebtedness secured hereby, all right, title, sad imerest of the <br />mortgagor in and to any insurance policies then in force shall pass [o the purchaser or mortgngee or, at the <br />option of the mortgagee, may be surtendered fora refund- <br />g. To keep at! buildings and atMer improvemeau on said property in good repair attd condition; to <br />pertmt, commit, or suffer no waste, impairmrnt, deterioration of said property or any part thereof; in tht event <br />of failure of the mortgagor to keep the bnildings on said premises and those erected on said premises, or <br />irnprovemrnts thereon, in good repair, the mortgagee may make sash repairs as in its discretion it may deem <br />necessary for the proper preservation thereof: and the full amount of tech and every such payment shall be <br />imttxdiately due and payable: and shalt ht secured by the Lein of this mortgage. <br />h. To not voluntarily treats or pe€mit to be created against the property subject to this mortgage any lien <br />or liens Inferitx 4O the hrn c'7f th15 mortgage without writtrn consort of the mortgagee; and futher, that mort- <br />gagor wi-l kcrp and matnraitr the same fete from the claim of a8 persons supplying labor or materials for con- <br />struction of any and all buildings or itnprovcmtnt<s tttrw tieing erected or to be erected on said premises. <br />i. To not rent or assign say part of the rent of said mortgaged property or demolish, or remove, or <br />substantmtity ahtr any bui~ing withcurt the written consort of the mortgagee- <br />j. All awards of damages in t:ontrectitsn with any cotxtenrnatian for pubtie use of or injury to any of the <br />property subject [o chi; mort are hereby assigned and shall. be paid to mortgagee, who may apply the same to <br />paymrnt of the irtataltmrnts fast due trader said Wort. arm mortgagee is hereby authorized, in tht name of the <br />trnxtgagor, to execute sad deliver valid acquittances tltacof arm to appeal from any such award, <br />k. The mortgagee shall have the tight [o itsspect the mortgaged premises at any reasonable time. <br />1. To Y with the provisions of any kris it this Mortgage is on a ieasehoW. If this Mortgage is on a <br />utnt in a coudomiaitua or a planned unit developtnent. grower shall perform a!i of Borrower's obligations <br />urrda the deettvatioa or covenants crrntietg or goverttiag the condominium or planned unit developmrnt,the <br />!q*-laws and ragu of the raatdomittiam a piannaf umt deveEopment. and constittteat dontmrnts. <br />2. Default in any o€ the covenants or rntr~ditiona of this itsstruttKttt or of the note or loan agesrnent secured hereby <br />shad terminate the matpgor's right to Pte, use, and rnjoyraent of the prope7€Y, at iltC option of the <br />m~ or as~#as tit being agreed thu the mortgagor shall have such right umil default). upon say such <br />defsra#, the ~ shall beoorsie the owner of all of the rorts and pmts aowring after dtfanlt as seruiiY fa <br />flu ~ saatred hereby, with t'ne right to care upon saw property for the purpose of collecting such <br />Terns and profits, Teas irsatitrmeat shsII operate as sa assignmcttt of any rentals on said protxrry to thu sneer. <br />;, (# tiro-mOr defau&s. aad fail to atalrn say payatents where due or to conform to seal comply with any of <br />the, ce a~reeatettts cotttatued in this tnortgsgt or the-notes which it sautes, rhea the egtire principal <br />~ asd aeerucd imerat aims at once become due and paysbk, sad drawn 29.15._ per sat (~4s~ir) interest <br />tlaer aatB ptad at the tYtetion ref tltc start eta! tins mortgage may thereupon be foreclosed iatarediatelY <br />for the wtpsie 'the ~ hereby scrtrred. including the cat of extettdirtg the abstract of tltk from the <br />dt~ttf ti~a+ ~-the time a# coag rr~ suit. <br />~ H4.rlte.ctieaM of a-f~ ate dafa~ tw provided herein, -the - at one be emitlad to the pos- <br />pa; teat, ~ eat ttx ~ start aforesaid sett to the [tat, isstxs, royalties, sad- profits tlxreot: <br />fr+taa+ the a~ at itekh and d®rsag the peadaecy of frxeelostac prncetdings aad~strch poamuiotts, etc.. <br />td date S!C ~ tae the tmertg~uee upon zerittest• upot- faihttt sorb d~iverY of such Possession msy bt <br />,tttfeccad btr ~• irlt-~" ~ ~ ~ ice. a rtvtdvpr toe' the property. <br />!. '1'Lrt' ~ ei sick ~ stdtf qty is aotardaaar-wish ttu pttg para#tt~hs shall he applied ft`nt to <br />t the_ aaM4 ~p+lpsal t~f raNd iadl;:..rite nttp~ws faagrred ~' tilt sage far the imrPost of prrrtrctitta err <br />fated pt sutt++ad~+ M prtF' the. ~ hereby;. aced thisdiy, to pay-any surlnus 4+r <br />rrrwa~ tba ~ ~ ~ earieMd <br />