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Home My WebLink About0633 . • - 3 - ~c) to ~ate and zntzr into additional contracts and incur oblioations ior ~'r.e purposes of co~pieting the Inprovements pursuant ta the obl=gations of the rlortdagor hereunder, either in the name of th~ 1~Rortgagee ~r the ;~ort- iagor, and (d) to pay and discharge all debts, obligations and liabilities ;ncurr2d by reason of any action taken by the Mortgagee as provided in ~ais Paragraph, all of ~ahich amounts so paid by the hiortgagee,:with inter- ~ ~st thereon from the date of each such payment, at the rate of three per- ~ent ~3~) per annu.~, shall be payable by the Mortgagor to the Mortgagee on demand and shall be secured by this Mortgage. 4. I~=o building or other structure or improvement, fixture or per- sonal property mortgaged hereby shall be removed or demolished without ~ne prior written consen~ of ~he Mortgagee. The Mortgagor will not make, ~zrmit or suffer any alteration of or addition to any building or other structure or inprovement now or which may hereafter be erected or install~d . upon the mortgaged property, or any part thereof, except the improvements required to be made pursuant to Paragraph 3 hereof, nor will the Mortagor ase, or permit or sufier the use of, any of the mortgaged pr~perty for any ~urpose other than the purpose or purposes for which the same is now in- ~~ndzd to oe used, without the prior written consent oi the ~iortgagee. ~':e Mortgagor wi~l maintain the mortgaged property in good condition and ~tate of repair and will not suffer or pernit any waste to any part thereof, and will promptiy comply with all the requirements of Federal, state and - ,ocal governments, or of any departments, divisions or bureaus -thereo , ~ertaining to suc%~'property or any part thereof. i 5. lhe i~iortgagor will not voluntarily create, or Fermit or suffer to ~ ~e created or to exist, on or against the mortgaged property, or any part ~ ~'~ereofs any lien superior to the lien of this Mortgage, exclusive of the € i~en or liens, ~f any; to which this Mortgage is expressly subject, as set ~ _ ~ , ~ ' , keep--a~d--~.~-t-a-~t~ - u~e-same- - ~ ~ i ~ree from the claims of all parties supplying labor or materzals which will r enter into the construction or installation of the Improvements. ~ € ~ ~ 6. (a) The~Mortgagor will keep all buildings, other structures and ~ ~~~rovemen~s, including equipment, now exi~sting or which may hereafter be ~ ~ erected or installed on the land mortgaged hereby, insured against loss by =~re and oLher hazards, casualties and contingencies, in such amounts and ~anner, and for such perieds, all as may be required from time to time by ~ ~::e Mortgagee. Unless otherwise required by the Mortgagee, all such in- ~ :;urance shall be eff ected by Standard Fire and Extended Coverage Insurance , ~ ~ ~o~icies, in amounts not less than necessary to comply with the coinsur- l ~ ~~ce clause percentage of the value applicable to the location and charac- ! ~ ~er of ~he prorerty to be covered. All such insurance shall be carried in z-~ c~~}~r~ ~e~ b~-~~~ YnY'+rr°tr°° _`~YlL~-$11._gQ11L'_l@S therefor shall be in '4 ;uch f~rr~ and shail nave attached thereto loss payable clauses in favor ~ ~he ?~ortga~ee and any ather parties as shall be satisfactory to the y=~ :•=~rtgagee. All such policies and atta~hments t'nereto shall be delivered _r~mptiy to the irartgagee, unless they are required to be delivered to the ~~5 :older of a lien of a nortgage or similar instrument to which this P~ort- y~ ~age is expressly subject, in which latter event certiticates thereof, ~ F ~ OR ~ aooK 183 pac~ 633 ~ ~ . _ _ - ~ ~ _ : - : - - ~ v? { ~~.~_v _ . ' _..d