Laserfiche WebLink
<br />r <br />2- 1'ha amour oaessptats atsZ ttlpepms p deDetsa: <br />.:s.-Z~ pst~ptly-gap-tlse indebtedness evid~d by said promsrosy ~Se mt eLe tit$es send is rho <br />srfuur tiseettir pmvadsd <br />,.- <br />k 1~ wgiil py all taaaak-arsaamanta. trataz rater,-and otLrr aoveamenLl or mmitapal-chneg~mr, 6naa; or <br />i~Pogtioom, far which pm~vitiao Lam not bmea maw Iteneinbefatw and will prnmptly deliser the a8eial teaeip~m <br />thet+efer us the said tnortgags+e. <br />G He will. pay such expertsee and fees as may be incurred in the protection and maiatenanax of raid <br />property, iaelodiag the tees of any attorney employed by the mortgages for the collection o[ any or all of <br />tba ia~btedaer hereby encored, or for foreclasnre by mortgagee's sale, or court proeeedin~, or in ,®y other <br />litigation or ptoceediag agecting said premises. Attorneys' tees reasonably incurred in'any other way eha116e <br />. yard by,the moegagor. <br />d' -For batter security of the indebte8ntm herebq seevred, upon the request of the mortgagee, its suo- <br />ccsora oT assigns; he-shall execute and delitrer a supplemerttal mortgage or mortgagee covering any additions; <br />rmprttremenie; oi~ ~6etteements m~e zo t- a raperty lterei~ve~i emeriDe~:na aii proper aegnie+ed by- <br />it after the date hereof fall in form aatiefaetory to mortgagee}, Fvrthennore, ahovld mortgagor fail to cure; <br />any default in the payment of'a prior or inferior encumbrance onYhe property described by this inateueee~,' <br />mortgagor hereby agrees to permit mortgagee to cure such default, but mortgagee is not obligated to do eo; <br />and such advances shall become part of the indebtedness secured by this inatrumevt, subject to the same <br />terms and coaditsona. <br />e. The rights created by this conveyance shalt remain in full force and effect during any postponement <br />or exteaeian of the time of payment of the indebtedness evidenced by said promissory note or any part thereof <br />secured hereby. <br />(. He will continuously maintain hoard insurance, of such type or h•pes and in such amounts as the <br />mortgagee may from time to time require on the improvements now or hereafter oa said property, and <br />will pal promptly when doe any premiums therefor. All imanrance shall be carried is companies aeoeptable <br />to mxegttgee sad the policies and rmewaL thereof shall be held by mortgagee and bane attached thereto <br />kra payable chow is favor of and in form aoeeptrhk to the mortgagee. In scent of lase, mortgagor will gin. <br />imrrxdiate in wnrmg to mortgagee, sad mortgagee may make proof of lac if sot made promptly b7 <br />mortgagor, send each insaraam company coaeen~ted i s hereby authorixed sad directed to make payastrtt for sneh <br />lass ~etiy.to--mortgagee instead of to mortgagor and moetgagx jointly, acrd the imteranee pevoee~, or any <br />Part,tlffireofv ~y ~ aPP~ by mort6a6a.ffi i4 epti~ either m the~redaesioa of tl~-iadebeednar hereby <br />assured air to tLa reaLanttion of repair of the property damaged or destroyed. Ia event of foreclosare of tLa <br />mastga~ or other travsfer oC.titk to said. property in eztingviahmeat of the indebtedner secured hereby, all <br />right. title, sad interest of the mortgagor is and to say iasaraaee policies t6~ in form shill par to the <br />purehseer or mortgagee or, at the option of fhe mortgagee, may be surnadered for a refund. <br />a. $e wiH keep all bvtldtnas and ether tmpraveacents on 6a~ property m good repair sail eondition: <br />will permi$ eas•__~t, or attSer fro waste, .impairment, dettriorstioa of said property or say part thereof: <br />in the event of failure of the ttwrtgagor to keep the building[ on said premises sad those erected oa said <br />pr+easises, or.improvementa thereon, in good repair; the mortgagee may make aueh repairs as in ire discretion it <br />may dam: necsrarq for the proper preservation thereof; and the full amotmt of each and every eueh payment <br />shat! be irtnsted"lately due and payable sad shall be secured by thedien of this mortgage. <br />h. He will not voluntarily crea-e or permit to be created against the property subject to this mortgage <br />say 1'ten or liens inferior or superior to the lien o! this mortgage without the written consent of the mort- <br />gagee; and further, he will keep and maintain the same free from the claim of all persons supplying labor or <br />materials for construction of any and all buiidinp;a or improvements now being erected or to be erected on <br />said premises. <br />i. He will vot rent or assign env part o[ the rent of said mortgaged property or demolish, or remove, <br />br aubetaatially alter any building without the written consent of the mortgagee. <br />j. All awards of damages in connection with say condemnation for public use of or injury to any of the <br />property subject to this mortgage arc hereby asaigned'sad shalt 6e paid to mortgagee; who may apply the. <br />safate"to payvuent of [be inetillwteata last due atrder said nose, -and morit;agee is hereby authorised, ifl the <br />napae of the mortgagor, to execute sail deliver v;lid acquittances thereof and to appeal from any such award. <br />k. The nmegagee abaH have:tbs.right toimpact rim mortgaged premises at any txssonable.time. <br />` .'.. lhfault raiiry of the covenants or conditions of this insirurnent or of the notr err lean agreement secured <br />l~'e191ta1}-isirptinai~eke-tnQrlgajF,er~tigletlepoaataaion, urn, pad mjovment of thr property, at tFte oprion of the <br />saarigagce or his assign fit being agreed that the. mortgagor =hall have such right until default}. Upon env wch <br />~efauh, the mortgagee shall become the owner of all of the rents and profits accruittg after default as eetytrity <br />fsr-[lee iadelHedsae secured hereby, with the right to mtLCr spun said property for the purpose of colketirtg eueh <br />tay~ts [pad profits. Tkie instrument shall opeta~j #s .pta~ErtPtartt:of, era} fentala on acid property to that extent,. <br />