Laserfiche WebLink
<br />~~,-- ti~i3513 <br />d. For better security of the ittdebtednoss hereby secured, upon the request of the mortgagee, its successors <br />or assigns, mortgagor shalt execute and deliver a supptementat mortgage or mortgages covering any additions, <br />improvements, or betterments malt to the property hereinabove described and all p-operty acquired by i[ after <br />the date hereof (all in form satisfactory to mortgage). Futhormare, should mongaear fail to cure any default <br />in tht paytnont of a prior or inferior encumbrance on the property described by this instrument, mortgagor here- <br />by agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do so; and such advances <br />shalt become part of the indebtedness secured by this instrument, subject to the same terms and conditions. <br />r. The rights created by this conveyance shalt remain in full force and effect during any postponement or <br />extension of tht time of the payment of the indebtedness evidenced by said promissory note or notes, or any <br />pt#rt ttieteof secured hereby. <br />f. To continuously maintain hazard insurance, of such type or types and in such amounts as the mortgagee <br />may from time [o tune require on the improvements now or hereafter on said property, and will pay promptly <br />wtxn due any premiums therefor..All insurance shall be carried in companies acceptable to mortgagee and the <br />policies ate renewals thereof shall be held by mortgage erred have attached thereto loss payable clauses in favor <br />of and in form acceptab)t to the mortgagor. [n es~etat of loss, mortgagor wiq give immediate notir in writing <br />to ttuxtgagee, and mortgagee may make proof of ions if not made promptly by mortgagor, and each insurance <br />company cantxrttcd is hereby authanced and directed to make payment tar such loss directly to mortgagee <br />incised of to mortgagor and mortgagee jamtly, and tht insurance proceeds, or any part thereof, may be applied <br />Dy mortgage a t s o cm ci ~xr ca [ e U ran t?t t ~ r <br />repair of the property damaged err destroyed. In event of foreclosure of this mortgage, or other transfer of title <br />to said property in extinguishmtttt of the indebtedness secured hereby, alt right, title, and interest of the <br />mortgagor in and to any insurance policies then in force shalt pass to the purchaser err mortgagee or, at the <br />option of the mortgagee, may be surrendtted for a refund. <br />&. To keep all buildings erred other improvernrnu on said property in good repair and condition; to <br />prrrrtfe, commit, or suffer do waste, impairment, dttr€iaration of said property or ary pan thereof; in the event <br />of failure of the mangagar to keep the buildings t>n said premises aced [host erec[ed on said premises, or <br />impravexnents thereon, in good repair, tht mortgages may make such repairs as in its discretion it may deem <br />necessary for the proper prrservauon thereof; and the t`utl amount of c-ach and every such payment shat) br <br />imtnediitrly due and payable; and shaft tar secured by the Irin of this mortgage. <br />h. To nt~t votuntartly create or permit to tee created against the property subject to this mortgage any lien <br />ar lions inferior to ttte lien of this mortgage without >":ittrn cunscnt of the mortgagee; and futher, that mort- <br />gagor will'secp and mattttain ehr same free from the claim of alt pcrsari_s supplying tabor or materials for can- <br />struetion of any and all trttiiditigs or improvcments now bcing erceted or to be crectrd un said premises. <br />i. To trot trot err asargn any part of the rent of said mangagrd praperty or ~emaiish, err remove, or <br />substamially ahtr any building without the wnrten cansrttt of the mortgagee. <br />j. Ail awards at damages in coiuaeetion +vnh any cutitiemnaaon for public ux of or injury to any 0f the <br />property subject to tars martgagr err hereby assigtirl and strait tx paid ro mart$agce, who may apply the same to <br />payttunt of the installments test due under seat note, and mor[gagee is hereby authoriard, in the name of the <br />morig~tar, to e±iri:tite and dtlivtt valid acquittanExs thereof and to appeal from any such award. <br />k. Tex mart$a$ee shat) have the ritytie tea itispeCt the mortgaged preritises at any reasonable time. <br />). To camply with the provisions of any lease if thts Mortgage is on a leasehold, If this Mortgage is on a <br />unit in a condominium or a planned umt devrlotutient, f3orrawer chaff perform elf of Borrower's obligations <br />udder the da:laration err c:avetwats creating tar governing rite eotxiominfum or planned unit dovefopment,thc <br />by-pews atxl rogutations of the 4ntrdaminitam err ptartned unu drvtioptnent, atui consuturnt documents. <br />?. fkfault in any of the covenattu err cariditions of this instrument or of the twee err loan agetment secured hereby <br />Shill tLrritSTia;C left. tnal'igit~lX'S r1~fTt T4 tX'~ad,t,S~Sk71t, USC, ar%f rnjoymrrit of flit pTafM;rlS`, at t}tf Qpt#Dli Of efts <br />mxart$agec or assigns (ii being a;reod tftat the mortgagor shall have such right until default}. Upon any such <br />default, the mortgage shall baottic the owner of aft of the rents and profits accurittg after default as security far <br />the ir~~Mtdrxss secured I~teby, with the right to enter upon said property far the purpose of collecting such <br />roofs and prafns. This itutrtuntat shall aperate as an ass~nrrient of any rentals on said property to that exirnt, <br />3. tf the ra~cn'tgagor defaults, and fails to make any payments when due or to conform to atul cordply with any of <br />tfte txfnditsiz>~ err a$rremterus cotttaiutd 'tn this mortgage or the aota which it sectors, [hen the enlist: principal <br />~ a~ atxrtred imerest still at ones becaax due and payable, a~ draw. per erns f ~`~ ~ 5 °~) interest <br />ttt~rtrr until pa~f at the clcetitsn of tl~ mortgagee; and this mortgage may therevfaon bo fortcitksed itutuodiatefy <br />ftdr t~ wf of s~ i~ Ixse~y srt:trred, inrltn'eng the cost of extending the atzstraet o€ ti'~ie from the <br />6attt of this ttaartgage to the time of rommettcsng such suit. <br />in iii, evaat,of a faocitastue ~ tkfaatlt as provic~d herein. the mortgagee chaff at ottcx tx entitled to the pt~- <br />t~ssit+it. rase. and eajoydrsrtt of the real estate aforttsftid and to the rent, issues, royalties, and profits tfiertof, <br />ft fide asi'raittg of Stich rights and during the pendct~~y of foreclosure praceedittgs and such fwssessiotts, etc., <br />s~ at tlotsC be d?~vetal to the tatatrfga~e upon rrytiest, upaa fafurr such ttriivery of such possession may be <br />by ~. by ante a~aropriaie le~ti procseAings, including a rA:eivsr for the prvperry. <br />3. 'fiat ?ricua+aia of of sanl Itraprtty iu armor with the prxsrdirt$ paragraphs shaft tae applied first to <br />the c~aeas awd ~ of xaid sake, zltx ex~tipes ircut:ed by the ttntirtgagec far the purptarst of prtiltt'ting or <br />~{ spell pt~artty, ~, to Eery the- ittdalatedams seethed hereLw; and ihirtlfy, to t>au auy surplus <>r <br />t~ to the tar peertuus ~` ctteitfa3 ilter~,t'o. <br />