HomeMy WebLinkAbout0021go~-~ 4 a FACE ~1.
) ~ l ~~ ~-,~;t,~t ~F~~rl note, ur in nn}- in~irumc•ut ru:•: or hrre-
lx-fvrmnnce or oi..~(rvRO°i• (+( an • corc•r,uni,e~n:!•t ~~nr ~tS! ~ recc•it~(Y1 oti „~y amounts
Aficr e~'idcucinq u' :~CUring Iho ,:Amu, And t tr lnih cr [o: ~i,u note rosy nppl~ u:t} r),'t'`-~
due thereunder or ~+nde- rho trams of Any instnrmcnt : n..- ut hrrrnftcr r~•iaeuc;ntx ur securing (aid note, na rt!ch
holder may determine;
2. 'lb pap the indrbh'.lncga hemby srcun•d And inlerrr,t lltrtror prur)piiron the d:'ys ~prcifi(vl for i!te e~rue
M !rr.on:o due And payftble, and also on demand any other in!cbtc+lnerr, titnt uury Accrue Rnd t~:orate dur Rnd pav- -
ah!e to IL•r mortgR~(v under il+r trr-m:. Rr.d provisionA of tf,is murtgrtge;
3. •1'o krcp the mortgngp! pmmi:rs in gocvl mpair; to neither commit nor rsu(Ter strip or ~'n(•tr nn the mort-
gttgr(1 pmmisra; to ob[Air- the t~•rittrn consent of the mortgnqrr ix•(orr demolirhinq, n•mo~•inq or mntrriAlly Altrriug
any building, Afrurturr or itnprot-ernrnt. r.:nv or hrmnfter upon the mortgngttr premises or brfum Aiiot~'ine rrtr Hoch
building, Atntchrm or improt•rme~t 2r, I,r demolish(vl, mrno~•(vl ur mate:italy altcrc<I; not to commit nor t+utirr any
act h}• tt'hich the t•A(ur of the mortgngr(l pmmiv's mny l.c impaired; and not to violAte uoc prrrnit the violation of
arty law., by-la~~', onlinrvue or contrnct Affecting lire mortq(tSr(1 pmmiv~A; rot to ~•iolAlr nor suffer the violation of
the rot•rpnnlA Rnd ngrrcments, it Any, of mconl Against the mnrtq.•rq^(! promises; -
4. 1'o pay I,rfom drlinqueut or lx•[um Rny prnrlty for nonpaymc~~ attanc~A thrrnto all tftXCA, impoeiitiuns,
A,tzcrsm)rnfn, ~.'tdrr torts, And chftrgcA of r~•en' nfttum and to ~','homrver RAr:?ecA.4e:1 thftt may now or hrmRtter 1>e
irnprxsd, lr~•ir(1 or n.~5c:z('d ulx,n or Against the mortgngni pmn)iseA or an}• part thereof, or alx)n tnc mots, icvorll,
inro~nr or pn)fits thr:rof, whether Rny or all of sni(1 inxrs, Asse~~rnents or chftrgrA br 1~~•ir(I directly or indimctly
or AA csciee tftxee or AA incu:~,~ ~""-!'w.
5. '1'n kr('p the h(•Stdinga Rnd imprc»•rmrnts now Brooding or hcmAfter rmctr(l upon the mortgRge(1 pmmi9re
And All~• Rnd Rll AppRfRt11A, fixttrrrA Rnl Rpl)UCt(`IIRr1CPb sot\' Or h('rrRfter In PC AttRClt('(1 tU rtttl(1 }lUll(hng,°, ifr impro~'c-
ments, insured Against lots or dnmAge by hrc sr..! o,.~ti ether hnannix ns the mortgagor n)Ry from time to time requim,
all Bach inxurnncc to br in forms, in compftnirs And in Rums (nut 1(~w than Attf£tcient to R~•oi.. Any claim on the pert
(tf the thsnmrs for c0-In4lIrAr1M) Rnt49fftCtOry to the mortgnqrr; that All inburnnm policies shall be held by an ~ .hRll
be for tho brnrfit of And first payRUle in cA~ of los9 to the rnortgRgrc•, And that at IeAat fifteer. days txxfom the rrpi-
ration of rftrh Aurh pofi: )•, n new and su(ticirnt polic}• to take the p1ACr of t}:e one Ao rtjririnq ahRll be defivrmtl to
rho mortgAgcr. 'hhr mortgRgor hrrehy Rssigns to the mortgag(r All monS'yA recoserftble under each such policy,
Rnd Rgnrs thftt in the r~•rnt of A lo:s ihr Rmouut c.illrct(v! un(Irr Rn}' policy of insurnncr on SAid prolx•rty mnY, at
the option of the mortgngr~, l+r ftpplird h~• the mnrtgagrr upon Any indrbtr(ln;ss and/or obligation Srcuml hrrcb}.
And in sac}, onlrr ns mortgngre tufty drtrrminr; or SRirl amount or Any pr+rtion themof mAy, ftt the option of the
rrtortgagcr, rithrr hr uavl in mplncing, rrpnirinq nr rrshuing the impro~•cmrnts pRrtislly or tolftlly d,•r+troy(til to n
condition stttisfnctor}• to sold mortgnqrr, or l,r n•IrAS(vl to the mortgnqrr, in cithrr of Which r~'rnla the mnrtgRgro
ahnll not tx+ ohligntrd to w•r to the prolx r ,(ppli(•ntion thereof; nvr ahnll the Amount So mlrA.~(vl or usrrl be decm('(1 A
pftymrnt. nn Any indrhtrrln.::.c Eccurr(1 hcmhti•. 'bhe mortgnqrr hrrrhy appoints the rnortkagre Attome}'rrmv(>cRLle -
of the mortgnqrr to R~~it;n rnrh Fuch policy in the event of the fomclr~,cum of this mortgagr;
ii. 'fo pn.• all Sums, the fnihrrr to pR}- .r•hicti may result in the Acquisition of n lien prior to the lien of this
mortgngr, },cforr such a pri:rr lien tufty Rttnch;
7 'that upon fnihrrr to comply with the pmcrrlinq rovrnant or with any of the covrnftnts ftnd ftgm,mcnte
As to pA)•mrnt of tnxrs, in)lx,sitions, t~~r•ssntrnts, t~'ntrr rates nnl rhnrgrs, making of mpftirs or mnintent.ncc of in4ur-
Ancr ns nfomSnid, for mo:tgnq('x', t+•ilhoui pn•judicr to any rights gi~•rn under suhsrqurnt pnrftgrRphs heroin, may
mnkr RdCRnrrN h, lx•rform the snmr in t,rhalf of the mortgn;;or, And ihr mortgagor hrrrhy ngrers to mpny all sums
Ao nd~•mtcrr! in his l,r•hRlf, on drmnnd, with intrmst from the dolt ndcRnc(~(1 Rt the cart of eight per crntum f)rr Rnnum,
And all sums so nd~•nnrwl, t~'ith intcn'st. R.R nfomsnid, shall I,c immcdiRtrly dur Rnd pnynble And b(' srrurc(1 hrrrhy,
••..~•inq the hrnrtit of the lien hrrrhy creut:vl, and of its priority, h+tt. no such adeancrs ehall !,e drrmed to mlirt•e the
mortgagor from any drfuult hrmundrr or impair Rny right or rrmtNly ewtsequrnt. (:,•'t('on, And the rxrrciSr of rho
right Ur mnkr Rd~-anrrs grttntrc! in this paragraph shall 1,r uptionAl with fhe mortgagee Rnd not obligatory, and the
m'~rtgngrr ahnll not in any rRS(' 1>n lifthlr !o the mortgngor for fnilum to exercise any Fuch right;
K. 'l hAt the mortgngre shall l,r s;rbrogntrci for fnrthrr Fecurity to the lien, Although release(1 of mconl, of
An}• Rnd all rnrumhrnnccR paid attt of th<' procc('(Is of the lo(tn r.('run~+l by this mortgAgr~ `~`enanta or ngrmmenta
9. That, while them is no rlcfuult in the prrfunnanrr or o}t.9rn•Rnes of Rny of t
heroin rontainrrl, the mnrfgngor Kl"inll hove the privilrgr of collrctinq And recei~-inq All n•nti; Rccrtting under lrasrs
or cnntrarts of tenancy for the mortgngr('. pmmisrA or Any part themof;
lo. 'i hnl, if any Rrtion or pra•cedirq ix' cotnmrncc(1 (excrptjng An action to fomclose thiA mortgr:2r or to
cnllrct the drt,t hemb}• t:crttrcd), to tt•hich Action or procerrttnq the mnrtgftgee is mA(1e A party by mAFC+n of the rxc-
rntitur of this nu,rtq;:gr or the note which it Srruir•s, nr in which the mortgnqrr de('rrts it n(resrutr}' to deG'nd in onlrr
to upheld the lien of this mnrtgRgr or the priority thrrrof ur lxrisr:~iun of (arid morlgagr•.' premiss, RII sums paid
or inrurr(v! h~• the :ttarlFngtr for court.~•1 frt., rota other exprnSrs in Such action or proceFV!inq shall he rrpnid by the
mnrlt±aq•rr, }oq(•thrr tt'ith intcrost thereon from dote of pn}'rotor h}• the mortgnqrr. At the rote of right per crntum
per annum, and RII rnrh Burns And the intrreSt thrrerx( Shall i,c immcdintrly due An(1 pnyAh!c and be srcurrd hrroby,
hrn•inq the ix•nrfit of the lien hereby cmnt(vl and of its priority;
11. 'hhnt any Aud nl'_ ftwnnts heretofore mndr Rnd hrnvtftc•r to f>< tnndr h~ the t'it}• of Fort F19rc6
or ram- municipal, count}•, Slate or frderRl nuthoritirs to the pmSrnt and all Aul,;rquent owner.) of the premix:•s cm-ere(!
by ti,~:+ ntorll;agr, iur•Inding any Atsnnl or ntt-anls. tt•hrfhrr for n tnkinq of title to, oawc:`ion of, or Any intrmst in,
the rnnrtFngrvl ptcmi^rti or any p:(rt thrrrof and Rny award or utcnnls roceivec! for damRgrs su9tnineal by the mort-
gngrd prrmiSr•S or :uq• pot t Ihrrro( or for r-uy chnngc m- rlnult;rc Uf K(Adr Of StrM'tH !l(T('CIInF; stllll prrmisc::, Rn• i(rmiry
n~aiFnrd to the mnr!y;nger; and the nx,rtg.rgtr, at its option, is hrrrhy uuthn)-iu'rl, (lin•etr•(1 Rnd empot~'rrrvl to collect
and rrcei~•r the p:: x•(+vi. of Rny such nt~•nnl or A~t'Anis from the RuthuritirA rnRkinf; the same anti to git•r prolx'r
rccripts Rnd avtuittnuc(w therrfur, Rnd to npph• the svice tutcnnl the hrnymrnt. of the Amount ot~•ing on nc~~=_;..tt of
the mortgnq(• dc~rt, u,d+~ithstandinq ihr flirt that the amount owinK ern Arcount of the nxntgage (lrht mny not t,a
then due Rnd pRynl,lr; and the u)tx-t{t;,l;or Lrrehy co~•enaut~ and a{;n•t•? to and nilh the mortgnqrr, e, on mqur;t
In• the mctrtS;nl;rr, to nutkr, rxeeutr and deli~•rr any and r,ll a~~iKnrrrnts and other instntmcntts Su(lirirnt for the
I,nrp<~r of rt.~it;nintt the R(,nr-Hid Rwanl or a,t•nnls to the mortgarr(~ (err, clear Rr.d (li;chRrgr(l;of An}• Rnd all rncurn-
Lt:mrr~ of ram- kind or n:,htrr u'hnt~,a•t-rr;
I'd. 'I hat :•ut L,ilnr,• to rCrrci<r nr.y ri;;ht hrrrnndcr ~Lnll not ~onstitutr urn- hr (•,atstrucd :LR a wni~cr of
that right Rt :ut}- (runt, I~nm; •
I.S. '1-list thi- tn;,,tt:;,,r "rat,: n c+ntlinnin~ riot, tr, ct•rtnr tl,r full (std lit:(i µ,ymm~t uI lhr dcla hrrrhy
"rutr,l aunt all utlRC „I,jil~ ,tirnt~ itnly,>r d hrrrhy nod hrrr;tltt•::uirint;.
~i O1.U, ii tl,l• p,.' n„ ,,t.:,rr to rl,• :~; rnu~ i•Ird anal all the f+,tct•,ir.t; cut~,•n:,u(.; .,u~l n~n,•ut,•nt~ ,tre p,•rf,nnt,•d
t,o,l ol~>ctwd, ~I,i m„ t;• ~. :hat1 I•, t,ull ar,l cnirl and >hnll Ir trlra-rrl at tLr rr„t ut t!tr uu,r'ha~~n~, w!,icl, c„~t
tL,• n:uttf;,g,n .u•t„. ,., t ~ Li,l nl, ~n a,~~• •It•Lntit in t!a• l,:,tnnt,t of the iudrl,t,,ht:~~ h, r, L: >o•u,c,l ur uC •uty
•„ ..:hwrul, tl„ t,•„ ,~, ., •,i. i, t It,. ~, :,n. ,lu•t' •~~r~.,llc I~t rot n,• dU•., (,t• t,l,nn :,u)' ,i, ;.,, t;: In tl,r In riot u,:, ncC
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