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Home My WebLink About0401 i _ r ~ ~ . : > . : ~ , . • 3. To place and contirwrously keep on the bi?ildinps now or I+e?e~R~r situ+M on said I~nd and on sli eqvipment ~nd pKwMlly cw~red by this enatp~ aye, with ~II premiw~s Ihereon paid in fvli. fire insur~nce in the uswl standard polky fwm. ~n a suin approwd by ths MORTGAGEE, and windstorm irowance in tiK usual star~da.d poticy fa~n, in a sum ~pprowd by the MORTG/?GEE, in wch comp~ny o~ aanP+^~es +s t~+e 1wORTGAGEE may dinch ~nd ~II fae +nd w'u~dstorm inswance polK~es on sny of ssid boildirgs, sny iots~est thereio or psrt thereof, in the aQgrsya» swn +fwes+id or in exua thereof, sMll contsin tF+e uswl standard mortg+g~e dsvse or wch othK d~vse u tFN Morty~pae rn~Y requin, m+kirg ths bss ~rxle+ said poli- r.es. ~sd~ and ~very, p+Y+bM b said MORTGAGEE u ib interest may appsar. +nd catA and we~Y s~ Policy ~MII bt pramptly ass:yned snd delivered to any held by s+id MORTGAGEE ~s furthsr searrity to s~id mortysQe deW. a~d, not kss th~n fen (10) days in adr+nos of the ~xpir+tion of e~ci~ pol'~cy, to da t;ver fo s~id MORTGAGEE a ra+ewal ther~of, topethe~ with a rece+pt fw tl+e premium of stxh renewal; and there sMll b~ no fir~ w winditwm insurarw plsad on uiy of ~+id buiidirgs. ~ryr interat tharein or p~~t tMreof, vnless in th~ forni ~ed wi~h tM bss pay+ble u ~fores+id: ~nd in the ~vent any wen of monsy bncomes paYabM ~x~der wd+ PdkY a P°~'~'~ s+'d MORTGAGEE shall h~ve tM option ro receiw +nd ~pply the s+rne on +coax~t o~ th~ indebted- ness stcur~d h~teby w b pem~it said MORTGAGORS to reteive and uss it a iny part thereof tor other purposes, without theseb~ waivi~g or impaia ~~+D +~+r ~~h. lia~ w rqht w+der or by virtue of tha mo~tp+ye: +i+d i~ tM tvem said 1NORTGAGORS s6aI1 fw sny resson f~il to keep ths ~aid premises so insured, w fail w deliver promptly any of said policies of ins~xseKS ro said MORTGAGEE. w fail promptly ro p+Y fi+lly any premium therefw or in any reapect fail b pt~form, d'Kth+ry~. ~cecvte, effact, ooenplete, oomply with and abid~ by tlus oovenu?t, w any p~rt hereof, said MORTGAGEE m~y pl~ce ~nd f~ll amount of esch and wnY s~ paymentwsh~ 11 be ~icn~nedi~tely due~ind py~aWe and shal~1beu inter~est from tlw d~t~ thereoff~mil pa~a~~ths r~etol nina per oantum per ~nnum and togethe? with wch intaest sh~ll be secured by the lie~ of this mortyape. I. To pKmit. aom~nit or wffer no wsst~, impairment or deteriw~tion of said propa~ty a ~ryr pHt thereof. 5. To p~y dl and sinpvlar the ~oosts, chuyes and expaues. includirg a reasonable moreey's fee s~d oosn of ~bshacls of titk, incv~red w p~id ~t arsy time by ~aid AhORTGAGEE, bacs~,se or in ths evanr of ~he f•ilure on the p+n of :he s~id AhORTGAGOR w duh. Ma^PMY u+d fvlly pufw~n, discharga sxecvte. ~ffed, oomPkte, oomP~Y with and abide by ~ach ~nd every the stipul~tions. +yreaments. oor~tions. and ooverwnb of said promissory note and this ~9+~ +^Y a e~ther, and said cosn, charpes and expernes, each ud wery, shall be imrriediately due aod p~yable: whethe? a not ther~ b~ notice d~ msnd. ~ttempt fo tolkcf or wit ps~ny: +nd tM full ~nt of s~ch and every wch payment ~II bear interest from tl+~ d~te thereof until p~id at the rate of nine per centum per amwm; snd all said cbsts, chsrges ~nd e:penses i~curred or Wid, roQNhsr with wd~ interat, sh+ll b~ aewred by th~ lia~ of tha mortp+pe• , b. Th~t (a) in the event of u~y breach of tha Mortg+pe w defwh a+ tFr psrt of the MORTGAGOR, or (W in the went arry of a~d sums of money ~ herein nfarc~d to b~ not promptty and fully psid within thirty (30) days next aha ~he same severalfy becane due ~nd pa~able, withow dem~nd or notice, or in the ewnt eech and wery the stipubtions, sg~eemen», aonditions and ooven+nb of a~d promisswy ~ot~ and tFws mortpape any a ~ither ~re no1 iuly, prompNY and fully perfwmed, d~xharQed, executed, effeded, campleted, oomplied with and ~bided by, then in either a u~y such ev~m tl+~ said p~ ~ pre~t~ swn mMtansd in ssid promiswry note then remainirg ~eP+~d. witi~ intaest acuued, and att moneys setwed henby, shall beaome ~ and WY- able forthwith, a thereaher, at the option of said MORTGAGEE, ~s fully srd canpktely as N all of the wid wms of monsr wer~.or'g'un~lly stipul~ted to be paid on wch day, anythiny i~ sa;d prom~ssory note or in this Mortgs~e to the contnry notwithstanding; and shereupai w thereaha at N~e opiwn of uid MORTGAGEE, witho~?t notice or demand, wit d lawr or in eqvity, tF~erefae or tf~e~her bs~un, may be prosacuted a if ~II moneys securd h~?sby had en~fured priw to iri irotitution. 7. Tlwt in tFw went that at the beyinning of a ~t sny time pendiny aoy wit upon tMs Mort9+g~, or ro forecbse N, or to reform it, w to enfora psymem of ~rry da;ms herew?der, ssid MORTGAGEE shall sppty to the Court h~ving jur~sd~an ~herwf fo. the appantment of ~ Receiver, s~xh Couit shstl ~ FwtliwitF~ sppoint s receiver of said mortyaged property all and sinpulu, includrtg all and ixgular the income, profits, istws ~+d revenues from whatwa~ source d~rived. tsch and every of which, i~ being expressly understood, is hereby mwtg+ged ss if spec;fically set fath and desuibed in the prantinp and habendwn cla~nes hareof. ~nd such Receiver shall have all the bro+d and effcctire funct~wu and powen in aoywise emrusted by a Court to a Receiver. and s~ch appointment shall be made by wch Covrt ss an admined equity snd • m+tter of absolute riyht to s+id MORTGAGEE. ~nd with~out reference to th~ edequscy a insdsqwcy of the value of the properry matgsyed or to the swvency or; inwlvency . of said MORTGAGOR a the defendann, ~nd that such ren», profits, income, issues and~ revenuss shsll be ~pp~ied by wd~ Receiver acoordinp w the lien or equity of s+id N10RTGAGEE ~nd the practiu of such CouA. 8. To duly, promptfy ~nd fully perform, ~r~, execute, effect, aomplete, comply witfi and ~bids by each and every the stipulatian, apreemeots, conditions ard tovenants in aaid p~omissory not~ and this mortyaQ~ ssf forth. 9. That in tl» event the ownership of the mortysyed prsmises, or any put thaeof, beoomes vesbd h• person other ths~ the MORTGAGOR, the MORTGAGEE, its wccesson and assiyns, may, withow eatice to the MORTGAOR, de+l with such succeasw or successor in u+terett with referencs ro tha mort9ap~ and t!r deW hereby secwed in NN ~am~ msrr~er as with Mortgapor without in aey w~r vitiatirg or discturging the Mwtqspors' liability I+~rr under a upa~ tM debt hereby secvred. No ssk of the premises hereby nw~tysy~d and no forbear~nce on tM pWt of the MORTGAGEE w its succetwn ~ a~asi~na and no extension of the time fo~ th~ p+yment of the dcbt hsreby secured yiven by the MORTGAGEE w its svcoessors or assiyns, sh+ll operat~ ~ ro r~leaN, d'acMrpe, modify cM~ye w ~ffect the wiyi~»I Iiib+Gty of the MORTGAGOR herein, either in whole w in put. ~ 10. It is ~pec~f'Kally apreed that time is of the euence of this contrsct and tMt no waive? of any obl'gatan haw~der or of th~ obliy~Yan sr a;r~d harebp ~hall at ~Mr time thereafter be heW to be a waiver of the terms haeof a of the irotrun+eM secwed herby. I1. In addiYwn to the forego:rg monthh payments of princ:p?I ~nd interat required by the promissory nore ~ecwed hereby, mortyagor owr~nants and ~grees to pay to rrwrtga9ee with each momhlY paYment an ~ddirionsl sum esrimated by monysgee to be equal b 1/12 of the annual cost of the follow- ing: A-All resl property f~xes le+ried or assessed ayaimt the ~bov~ described real estate. b-Premiums on firo and windstwm inwrance as herein requ~red to be carried on tAe improvernenb sitwt~ on the ~beve descr~ed pemises. C-~nrtNUms on s~ch mon9+9~ 9uu~nfy MHx~nce as mortyagee shall kom tNne to time deem fit w urry on tFr foan ~ewred Fwr~by._ e~ sh~ll from time to time noti mort in writi of the amo~nt due snd sble hereu~der and sw1~ wm shall t Mort4+0 h 9+~ P+Y ~ paYabb on ths dut date of th~ neat mo~thlY p~ymenf and ~ath successiw rnw~th there+her until motty~pee shall notify nart spQf"af'~a. amount. Such wms shall b~ applied by mort9+pee toward ths payment of real ptop~rty tazts, inwranc~ premiwns p'e"'"nm' . C~` f:tr7~"~a,~~yJq~'; ` ' , . IN YVIiNESS EREOf, tFw taid MORTGAGOR h~s Frnd day .•+c7,;~ ,y~'-4 i ~ L _ ddhrM in pnstna of: ? ' F ~ : ~ ; ~ - Witneases as to By 3 Arnold Rosenthal o ose ~ Witn~~~ s~ea as Atteat ~ ' ~ ~ a `-~-'-'u_._t ~~-~`~'L'- ~ to ?~e'~c"Roseathal osen ~~k,~ e rt - - - .a ~ _ • ~