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Home My WebLink About1564 • ~ I i ~ 1b py? tbs indebtedner Lee~eb~ ~ewe+ed ~nd iatsra~ thereoa promp~ a? ths d~y~ ~pe~oiHed fae ths ams : to beecene due and pqr~bk, ~nd a1a on demaod ~q~? ctbar indebtednee~ t~~?t my ~oon~e and beoonb dus ~ad pRy~?bk i to tbs mats,a~es uadae tbe t~os ~nd p~o~viidcn~ at this mort~s; ~ ~ ~ & To keep t6e anacf~g~ed Preaniee~ in ~ood repde; to neither oommi0 aoe aRer strip oe wasts on t6s moetr i~i~ P~~ t,o obt~in t6s w~ttea oonseat at the mart~,aaee befars deatdishins, na?Qe bators allowin6 W~ aqy bu~di~, structurs or improve~n~t now oe bereatt~ upon the moct;,aged preoniee~ e bat buildiag, etructure oe ~mprov~t to be demoiiehed, removed ar mAterially altered; not to canmit na suff~ aqy ec~ by which the value of the mort6~aed Preoamee m~? be impaired; aad no~ to vioL;~e nor permit the vioLtioa d~? ~ lsw~ by-law, ordin~aoe oe oaatrscL a~eotins the mortgaged premises; no0 tA violste dor euR~ the vio~i?t,io~n af the omro- nanb snd a~reemmta. if an3?~ af i~eoocd aaaiast the mort~ed prennieee; ; 4. To p~y b~ore deliaquent oc before +~n}? Pene~itY for nanp~yment e?ttacha t,L~eto ~11 taxes, impos~tioos. ~ ' aeeeemmeats~ water rata, and ch~r~ee of every n~ture and to whome~rer aeeeeeed tlu?t~ m~y now or hee+e~tter bs impoeed, ` ' kvied ce aASemed upon o~ ~?inst t6e mortg~ed pre~nieee or i?oy p~rt thee~eof, oe upon the reat~, ieeues, inoane a t pcofits thereot, wLet~her aqy or e~ll of iaud tuee, aeee~nents or ch~eges be lovied direcWr oe indireatly oe aa euciee tauoes ; . ar as moome t~uces; ~ b. To keep the bu~ding~ and improv~ts now etAnding oc bereJt~ areated upon the martg~ed Premises and aay and aU sppsr~tua„ fuct~une aad sppurleaanoes now a~ here~ft~r in ce ~ttac6ed to e~id bu~ding~ a improve- ~ts, ineured agsins~ laee or diwuage by 6re and euch other hssanls ~e the mat~p~ee my? froon time to tiaae require, a!1 auch ineuranoe to be in focros,,in companies and ia same (not lese than eoufficieat to avoid aqy claim on the p~rt cf ~ ; tbe inaure~s for oo-insursnoe) sstisfactory to tbe matg~~ee; that aU iaeunaos policiee s6all be held by and shstl be ~ for tbe benefit at and W~st psysble ia csee d laes to the moct~gpg~ee, and thst ut le~at Sftsen d~ys b~ore the e~cpir~tion ~ af each euch policy, a new and eu~cien~ policy to t,e~lce !he plsce af the aoe so expiri~og sbsll be delivered to the mort- apgee. 1be mortg,sgor hereby aeei~s to the mortg;~gee dl ma~eys reooverabb uader eaah euc6 pdiay, and sgras _ tLat in the eveati of ~ lasa the amcuat ooilected under eny policy af ineuranoe cn s~ad Prr~pertY mnY~ st the aption af the mottg~ee. be :?PPlied by t6e mortg¢~ee upon aqy iadebtednees and/ae obli~atiun eecured he~+eby and in such order as morfg~g~ee m4y determine; o~ ae~id amount or sn,y patian thereof m~y, ~t the uptian uf t6e mort~~ee, either be nsed ' u? ~P~~B, ~P~~B or restorins the improvemer?ts par~e~Uy vr totmlly ~royed to a oonditian sstiefaatocy to aaid i mortgagee, ac be releaeai to the mortgagor, in eit~her af whic}? evente t6e mortgp~ee eLall nat be obli~sted to eee to the P~r aPP~~ nor sh~ll tbe emount eo releaaed or used be deemed a psymeati an any indebtednees secured hereby. The mort~sgor Lenby sppointa the mortg,saee attoraey in+evoa~ble cf tLe mortgegoc to aesig¢ each euch ~ paticy ia the eveat af the foreclasure cf this matg,sge; ~ 6. To psy all eume, tLe tailure to psy which may res~ilt ia !he aoquisitian of liea prior to the liea of tbi~s ~ mort8a~e, before euch s prioe lien mqy stta~ch; . . i - 7. That npon fsilure t~o oomply with the preoedina ooveae~nt oe with any af the aovwant~ aad aae+eem~ts ss to psyment af tsxes, imposiiions, aseeeBments, water rates snd chsr~es, mslons af repsira or msintenanoe ot insur- aaoe as affo~eaid, the mo:tg,sgee, without prejudioe to any righta givea unde~ subsequeat psra~rsphe herein, ma~Y , malce advAaoes ~o perform the asane in be6alf d the mortg;agoc, aad t~he mat~a Lei+eby +~rees t~o repsY ell sums . ~ eo advanoed in hiis behslf, on de~msad, with interest from tbe dste advanaed at t~he re?te af e~ght p~ aeatum pec annum~ and all euma eo advanoed, ~rith interest as doreesid, shsll be `mnmedistely due aad payable snd be eecured herebY. ' hsving the benefit af the liea herebq ereated~ und af ita priority, but no euch adv~ces stull be deemed to relieve the ~ mortgagor from sny default hereuader or impsir sny right or~remedy oooeequeat thereoa, and the exerciee of t~e right ~ ; to make advancee graated in thie paragraph ahall be optiaoal with the mortga~ee and not obli~?torY. aad the mortg,sgee ; s6sU noL in any caee be liable to the mortg~go~ for f:?ilure to e~cerciee any euch rig6t; ~ S. Thst tLe mortgagee shall be subm~asted fo~ further eecurity to the liea, altbouah released af reco~rd. af any snd all eacumbrancee pe~d out af the pm~eeda af the loan eecured by this morr~sge; • ! 9. Tbut, while there is no defsult in the perforn~anoe or obeenrsna af sny af the coveaants ~ a~re~ents ' hereia contained, the morF~agor shall hsve the privilege af collecting and receiving a11 r~ts soctuina under 1ea~es o~ contra~cte af tenan~y for the mortgsged preanises or say part t6ereof; ~ _ 10. That, if any ecti~ or prooeeding be ca~meaoed (exceptnns sn actioa to forecloee this matgpge o~ to ~ cdlect the debt hereby eecut+ed). to which sction or prooeedins t6e moct~gee is me~de s party by reason af t~e exa ' cuti~ af this m~ or the note which it eecuree, or ia w}uch the mort~~ee deema it neoeeeary to detead in order : to upLold the lien at thia mart~a~e or the priority thereof or poeeeeeion af esid ma~tg,aged premisee, all sums psid oe ~ incurred by the mortgag~ee for coandel feea snd other expeaees in such e~ctian or prooeedins ehall be rgpmud by tbe mort- ~ B~Sa', ~~er with int,erest thereon from date af payment by the mat~,saee, at the rute of eig6t per centum per . aanum, and all ~ch euma and the intec+est thereon ehall be immediately due and psysble ~nd be eecured herebY, ~?~6 the b~efit at the liea hereby created and af ite priority; G 11: Thet ~ay aud all awanl$ heretAfore ma~ide snd hereafter to 6e madeby tl~e CSty af For t P~erce or sny municipal, county, stste or federal i?uthoritiee to the pr~eeat snd a11 subeequ~t owneis af the pre~uiees coveced F by this mortgage,`~i~2i luding sny award or awards wLether for a taicin6 of tatle to, poeeee~ian af~ or any intere~st in, tbe mortgp~ed Premiees ~ any part thereof and any s~vard oc awsrda reoeived for daa~agee sustained by tbe ma:tg~ged . premises oe any p~srt thereof or for any chaage or chang~ee af ~ade of ste~eets s~ecting aaid premieee, are bereby assianed ~ to the mort~agee; snd the mortg;aaee, at its optia~~ is herebq authorised, directed und empowered to collect snd receive the proceeds af sny such sward or awarda from the suthaities malcing the same and to give proper reeeipts and itcquit- ' taaoee therefor, and to apply the saame towsrd the psyment of the aonount owing on aooount d the mat6pse debt, e notwithstaading the fact that the amount owins oa accau?t of the mort~e debt may not be thea due ~nd psyab3e; E. and t6e mort~oc hereby uoveaaats snd-agr+ees to and with t6e mortg~ee, upon request by the morlg~ee. to m~?lce, ; e~cecute and deliver iny and all aesignmeate and other instcuments eu8'iciant foe the purpaee ef aesignin6 tbe aforesaid € : award or awsrds to the mort~ee free, clear and discLar6ed af any and aU e.acumbrsnoes af any kind or natue~e ~rhs~ ~ : eoever; ~ 12. T1ist aay fi?ilure to exerciee any right here~nder shall not cao~itute nor be ooost,ruecl as a waiver af thnt ~ right st any future tia~e; : ~ ; 18. 1~st t6is mat~e creates a contim~in` li~ !o ~ecure tbe fuli aad Snal p~ymeat af the deb6 bereby eecured ~ aad dl otber obligstioos imposed bereby and berea[ter arieins. ~ : NOW, i~ t6e paym~nts are m~de as ~ovided aad aU t6e fae+e~oins ooveaant~ aad a~eementa are pafamed ~ aod ob~esved, thi~ ma~e shall be nuU aad vad aad ~all be nde~sed at tbe eoeR aE tbe mat~er, whicL oos~ t6e ' m~ P41; bu! upaa an~ detwk ia tbe ps~meat at tbe ;ndebtedneM 6ereby eecured ae at atqr ind~il- ; ment tLereoE ae at interat thee~eoa~ as they e~wervly becane due. or upan any ddaulL ia the perfacrosnos ar ob~v~nce . . ~ s~ s ~ 33