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Home My WebLink About1861eooi~ sr. ~uc~E county. ~~. perfacmaace or obeervsnos d aq~r oovmint. eoad:tion ee aO+~~ is rid ieM, ar is an<y- iioet+vt~o~ent sow or hee~• - after evidencing a tecur~tg the rtr, asd the Aoidtr of raid soft rw aPp17 pJ~~ ~~ ~ ~ amamts - dns thsearader a under tbs terms d W isetntenee-t sow er lrwot[~ler rrridereisg of ~~ esid *~ a'' ttioh hokkr ~ Torindebtedsen hereby eeeuad wd bteeed tl~nsoa proatpW as fir dyrr epeeiied for t:~e rar..~ to beoams dos and ppabb, asd aLo on deatasd aqT other indsbtedostt that may atxrns and keoaow due and 1.,; ebb tq the manages wade: the terars and provieioas d chit maheM; a. To beep fir moetiagtd pptnbes is good iePair; to sitber commit sa coder strip a watts oa the moetr gaged premier to obtain the written eooteat d the mortgages bda+ demoli~isg, remirai~~.~ a~ such atty. buiid~~~teturs a improvement saw or harwfter upon t6s mortpged peadi~ baildiog, struoturs a impcavaooeat to be demoilhe_~ n4r~ed raarLrlly alf~e'd; sot to ootermit as tegder_anp act by which the vaiys d ihs maytjid,prwti~es m~.b ~;,~d ao/ to~~(iolate as permit iba vlobtioa d any law, by-4w, adinanos a oontr*at aileoting t6a mot'.pred pe~tveiwa: aoR to violate sa enttsr the vioi~tion d the oovarwats sad agreemeata, it anq, d reeo[~ against ths~d p~•' ; 4. To pay 6efors deliagvent Pr bdae aqT peoahy tar nmgymest atNeha, tf!et'e~° !n throes, 3mPoitioos, aaeeewienit, wager rates, sad ehargies d-ever? ~~ and to whooosver aatened that mq naw a heeeafter b imposed, levied a assettsd upon a against the managed premiiat ar ~Y P~ ~ ar ~ ~e reQtsa iswnes, income a protita thereof, whether any a all d acid ta~oes, aeteeesoents a charges be bvied directly a indirectip a as excise taxes oc as inooms tszaes; _ 5. To keep the Mu'ldingr and impiovemeata now dandiag a hereafter erected upm the maripged premises and any agd.aII apparatus, Rxtures and appurtenances now a heeeafter in a attached to said buddmp a rmprove- menu, insured agaimd lase a damage by tiro and wch other hastirds as the mortgagee mq' from time to time require, all wch iosirraace to be in forms, in oompaaies and in cams (not bas than w6rcie+ut to avoid any clainn on the part d the ineuren fa co-insurance) astidaatory to the mortpgee; that all ineursnoe Policies shall be 6eW by and shall be fa the benefit d and first payable in ease d loot to the mattPgr, and that at bast fifteen days betas the expi- ntion death each policy, a new sad eufircient policy to taake the place d the ace so expiring shall be delivered to the mortgagee. The mortgagor hereby -assigns to the mortgagee all maneye reoaverabie under each such policy, sad agrees that is the event d s lose the amount collected under any Policy d insurance on said property may, at the,option d the mortgagee, be applied by the mortgagee upon any indebtedness sad/e obligation secured hereby and is such order ss mortgagee nay determine; a cold' amount a any pixtioa thered mety, at the option d the mortgagee, either be used in replacing, repairing a restoring the imprm~ementa partially a totally destroyed to s condition estidact,ory to said mortgagee, or be released to the mortgagor, in either d which events the mortgagee shall not be obligated to see to the proper application thered; nor ,hall the amount so released a used be deemed s gymeat on any indebtedness secured hereby. T'hs mortgagor hereby appoints the mortgagee attorney irrevocable d the mortgagor to assign each such policy in the event d the toreclawrs d this mortgage; 6. To qy all some, the faihrre to qy which may rewlt in the soquisition d a lien prig to the lien d this mortgage, before such a prig lien may attach; 7. That upon failure to caanply with the preceding covenant a wiW any d the ooveaanta and ap+eementa d a maintenance d insur- as to gyment d taxes, impositions, aeeeesments, water rates and charges, malting repeln once ore aforesaid, the mortgagee. without prejudice to any rights pees under subsequuri paragrr-phs herein. may make advances to perform the same in behalf d the mortgagor, and the mortgagor hereby agrees to regy all sums eo advanced is his behali, as demand, with interest from the dote advanced at the me d eipit per ocetum per sanum, and all sums so advanced, with interest as doresaid, shall be immediately due and gyable and be secured hereby, having the benefit d the lieu hereby crested, and d its priority, but no wreh advances shall be deemed to relieve the mortgagor from any ueisuit ucicu+, :~: ~ ~w~ =ay r..'~-•t ' =' =~~"~`~° `-Y1°-'eO-~°t thereon and the e~oerciee d the rigYat i,o naalce oily ant'Ca grantee in L!!L fir.., ~~,iaaiaaaii vo . yw:.«~ ~.i.r. 41^a mrrf~e and not obligatory, and the mn-t.~a~_ r shall not in any case be liable to the mortgage fa faihree to exercise any each right; ----~ ~ .._.r .,i t_n a.. t,~..~se.r r~ rw~rw rr•,7r~tV Tn TlM lien; aliuuUtaa acscwoo•+ v. :w....., ... V ZS. -Thai the muri~ez ea,uaa uc o~~•~si-~ any and all encumbrances paid out d the proceeds d the loan secured by this mortgage; 9. That, while there is no default in the pertormanoe~o~~ ~ Ong all rents arxruing undermlesees herein contained, the mortgagor ehaD have the privr~ege or contracts of teriancy for the mortgaged premises a any Part theredi 10. Tt~st, if sqp action a proceeding be commenced (erooelftmg as action to fatteckrse thrr mortgage or to collect the debt hereby secured), to which action a proceeding the rportgages•irt made s party by reason d the exe- cution dthis mortgage a the note which it secures, a in which the mortgagee deems it necesary to defend in order to uphold the lien of this mortgage or the priority thereof a posxssron d cud matgsged ~ ' ~~ by the or incurred by the mortgagee for counsel toes and other e:peases in such action or prooe~ ~ d eight per oentum mortgagor, together with interest thereon from date d gyment by the mortgagee, sbk and be secured hereby, per annum, and all such sums and the interest thereon shall be rmnaedrately due and qy having the benefit of the lien hereby created sad d its Priority; y *~` ~~ 11. That any and all awards heretdore made and heraiter to be made by the Cit d or any municipal, comfy, state or federal authorities to the present and all subsequent owners d the premreee oavered by this mortgage, including any sward or swuda whether for a taking d tirtle to, poeeeasion d, a any interest in, the mortgaged premises or any part thered and any sward a awards received for damages sustained by the mort- ~ygrrt Prnmines or env part thereof or for any change or changes d grade d streets affecting said premnee, are hereby easigoed to the mortgagee; and the mortgagee, st its option, is hereby authorised, directed sad empowered to collect and receive the proceeds of any such sward or awards from the utthorities making the acme and to give proper receipts and acquittances therefor, and to apply th_ a same to+rard the ,payment d the amount owing on account d the mortgage debt, notwithstanding the fact that the amount owing w account d the metgage debt may not be then due end payable; and the mortgagor hereby eovetoants and agreealo sad with the mat;agee, upon request by the mortgagee, to make; execute and deliver any and all aseigo~orr-ta and other instrumenja sut6cieat for the Purpose d ass-gning the aforzesid award or awards to the mat~rgee free, clear and discharged d say and all encum- brances deny kind or nature whatsoever; 12. That say failure to exercise any right hereunder stall sot constitute nc: ie caootrued as s waiver d that right aC say future time; t d the debt hereby 13. That this metg~e creates s oontiauing lien to secure the foil and final gymr secured and. all other obligstSona imposed hereby anti hereafter arir3ng. ~. if the gymeata are made r provided sad all the foeegoing oovsaaats sad apeement+ are Performed and observed, this mortpg~e shall be null sad void and ahallbe.released ~t :be-cost d the . ~ the mortgage agrees to Pay; but upon say ddauk in the ~ps}yme~lt d t~ iadebeedneit berbby installment thereof or d interest thereon, ore they ssvenlly beooms dos, a upm any default m the perfwanaaee - - .. ; ,• -