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Home My WebLink About0500 ~ - 3 - ~c) to ~a'~e and enter into ~~~3itior.al contracts and incur oci~~ations for ~i:z purposes of c~mpletir.g ti::e I~provemenzs pursuant to the o~ligations af ~ne riortgagor hereunder, eit'ner in the name of the N.ortgagee or t'r~e :~;art- ; t oa~or, and (d} to pay and discharge ~1 debts, obligations and li.aoilities ~ ~ncurred by reasor. of any action taken by the ~:ortgagee as prov~ded in ~ ~ais Paragra~:~, all of wrich amounts so paid by the rIortgagee, wi~?~ inter- ~ est t'nereon from the date of each such payment, at the rate of tihree per- ~ cent (3~) per annum, shall be payable by the hiortgagor to the Mortgagee on ~ aemand ana shall be secured by this i~ortgage. ' ~ 4. ~jo building or other structure or improvement, fixt~,~re or per- ~ sonal property m~rtgaged Y:ereby shall be removed or demolished without ~ ~.,ne prior wri~~en consent of tne Mortgagee. The Mortgagor will net make, ~ ~~rait or sufier any altieration oz or addition to anST building or otner ~ s~ructure or improvement now or which may hereafter be erec~ed or insta11~3 . upon t!~e mortgaged property, or any part thereof, exceot the improvements r~quired to be ~ade pursuant to Paragraph 3 hexeof, nor will the ~tortagor use, or permi~ or suffer the use of, any of the mortgaged pr~perty for any purpose other than the purpose or purposes for which the same is now in- ~ended to be used, without the prior written cor.sent or the i~ortgagee. ~he Mortgagor will maintain the mortgaged property in good condition and state of repair and will not suffer or pernit any waste to any part thereof, and will pronptly co~ply ~aith all the requirements of Federal, state and ~.ocal governments, or of any departments, divisions or bureaus tY:ereof, pertaining to suca~property or any part thereof. ~ 5. TY~.e Mortgagor will not voluntarily create, or permit or suffer to ~ be created or to exist, or, or against the ~ortgaged nroperty, or any part j ~hereof, any lien superior to the lien of ~his ~Iortgage, exclusive of the ~ ; ,ien or liens, if any, to which this Mortgage is expressly subject, as set ~ ~ 'orth in t'r,e granting ci3use above, and will keep and naint~.in the same ; , iree fron ihe ciai~s of all parties supplying labor or materials which will ~ , ! enter into the construction or installation of ~he Improvements. ~ 6. (a} lne Yortgagor will keep all buildings, other structures and j s i~provements-, including equipment, now existing or which may hereafter be ~ arected or installed on zhe lar~d mortgaged hereby, insured against loss by ~ ;,:re and ot?~er hazards, casualties and contingeneies, in sucn amounts and i ~anner, and for such periods, all as may be required from t~ne to time by ` i ~:.e Mortgagee. Unless otherwise required by the Mortgagee, all such in- ' s~arance shal~ be effected by Standard Fire and Extended Coverage Insurance ; ~:.lic~es, in z~ounts not less than necessary to comply with the coinsur- - ~ ~ ~ ~..ce c?a~;se percenta~e of the value applicable to the locati~n and charac- ~ ~ -er o~ the pro~zrty to be covered. All such insurance shali be carried in ~ ~ c;,~.~,an~e~ zyprovec b;~ the ir;ortgagee and all poiicies therefor shall be in ~ ~ :::~c ~or~ dr.ci s;all have at;.ached thereto loss payable clauses in ~avor ; t ~ ~c,e :~or ~~a~ee and any other parties as shall be satisfactory to the ~ :~:~r~oa~ee. pi~ such p~licies and attac'nments thereto shall be de~iverea ~ ~ :~o~:,t1f ~o the ;rortgagee, unless they are required to be delivereG to the ~ ~ ~:oicer oi a lien oY a nortgage or ~imilar instrument to waich this :fort- ~ ~ ~aoe is ex~,ressly subject, in which latter event certificates thereoi, ~ ~ ~ ~oox 184 PACE 500 ~ ~ . ~ ~ ~ t~: ~ ~ _ - - - - - - _ _ - _ ~