The URL can be used to link to this page

Home My WebLink About1574 `~F~1(: W. lir.~~i.~i~? ~~~ia ' . ~j~.~ ~os~ i PA~E ~r~) encumbrances oF every nature on said describe~ , pra~erty each and every, k~efore they b~come delinguent, and if the same shall not be : promptly p~aid the Mortgagee may at any time either befare or after delinquency pay the same without waiving or afFecting the optian ~ to foreclose hereby granted, or any right k hereunder, and every advance so made by the ~ Mortgagee shall be secured by this mortgage ; and shall be repaid by the Mortyago~- upon demand by th~ Mortgagee without grace or delay and failure to rep~y any such advance or advances in accordance herewith shall precipitate the entire indebtedness to maturifi.y at the op~.ion of the Mortgagee. Every payment so made shall bear interest from the date thereof at the rate of ten per cen~ per ~nnum. This priviledge of ~ ~ Mortgage~ to make advances shall also relate ta any mortgage to which this shall be subordinated ~ or to any other obligation against any or all of k t?~e pr ope r ty . To place and continuously keep and carry upon the ~ equipment and personal property covered by this € ~rortgage, with all premiums thereon psid in full, fir~ insurance with ~xtended cov~rage in the usual star.dard policy form, i.n such amounts and £~r such period of tim~, and in such insurance company or companies as the Martgagee may apprave and in such amounts as I~ortgag~e approves, and all such insurance policies upon any equipment and personal property, whether in the amount required or in excess thereof, shall contain the usual standard mortgagee clause, making the loss under said policy, each and every, payable to said Mortgaree and its interest may appear and each and every such p~licy shall be promptly assiqned and delivered to and held by said Mortgagee as further sec urity to said mortgag~ debt, and, not less ~han ten (10) days in advance of ~he expiration of each policy, ~o d2liver tc~ said Mortgagee a renewal thereot, togethez with a receipt, for the premium at such renewal, and in the event any sum ~f money becoxnes nayable under such policy or palicies said ; Mortgagee sha.~l have the option to receive and apply the same on acc~unt ot the indebtedness ~ ~ secured hereby or to permit said Mortgagor. ta receive and u~e it or any part thereof for other ` purposes without thereby waiving or imparing any equity, lein or right under or by virtue of this mortga~e; in the ev~nt said Mortgagor shali ~or any reason fail to keep the said ~roperty so insur~d, or faii. to delivEr promptly any of said f policies of insurance to s«id Mortgagee or fail promptly to pay fully any premium thereof, or i7 any re sp°ct fail to perfcrm, discharge, exec ute, effect, comple~e, comply with and abide by this covenant, or ai~y part hereof, said Mortgagee may ° ~'tl~ -4- itNTLrY M:1~~rq {~hqtV C~Niv C1teLii i i~JWOR~H - J~Oi R/tD=L.L f~V~!v6~ ~ IOAN ~U~LO'NO ~ l.6KLl.>1+D. IL~iSip? ~