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Home My WebLink About1247 - - . . . . _ . ~ - ~ Y - ..s~.~.w.- - - - - r..~a ~ • • _ ~ ~ - ~r.+~.~.~~ - 3 - (c) to make and enter into additional contraota and incur obligatiooa ior the purFoaee oi completing tbe ImprovemeAte pureuant to the obligatiox~e o! the Mortgagor bereuAder, either in the name oi the Mortgagee or tha Mort- gagor, and (d) to psy and dieobarge all debte, obligatione and liabilitiee incurred by reaeon ot any action taken by tbe Kortgagee ae provided in thia Paragraph, all of whicb amounte eo paid by'the Mortgagee, witb ibter- est thereon from the date of each eucb payment, at tbe rate oi three per- - cent (39~) per annum, ehall be pa~yable by tbe Mortgagor to tbe Mortgagee on demand and eball be aecured by thie Mortgage. 4. No building or other etructure or improvement, Piature or per- sonal property mortgaged bereby ahall,be removed or demoliehed without ~he prior written conaent of tbe Mortgagee. Tbe Mortgagor will not make, permit or auffer any alteration oY or~addition to any building or otber I structure or improvement now or wbich ~nay hereafter be erected or°inetalled ~ upon the mortgaged property, or any part tbereof, eacept tbe improvemente required to be made pursuant to Paragraph 3~bereo~, Dor will~tbe Mortagor use, or permit or euffer~tbe use of, any of the mortgaged property for~any purpoee other tban the purpoee or purposes for wbich the same fe now in- tended to•be used, without the prior written coneent of the Mortgagee. The Mortgagor will maintain the mortgaged propsrty in good condition and state of repair and will not euffer or permit any waete to any part tbereoi, ~ and will promptly comply witb all the requirement'e of Federal, etate and ~ local governmenta, or of any departmente, divieione or bureaue thereot, ~ pzrtaining to euch'property or any part tbereot. . ~ 5. The Mortgagor will not voluntarily create, or permit or euPfer to be created or to e$iat, on or against tbe mortgaged property, or any part thereof, any lien euperior to tbe lien of thie Mortgage, eaclueive of tbe . lien or liens, if any, to which thie Mortgage ie eapreeely sub~ect, as set forth in the granting clauee above, and will keep and maintain tbe same ' free from the claime of all partiee supplying.labor or materiale wbich will i . ' enter into the conatruction or inetallation of tbe Improvementa. i . I 6. E (a) Tbe Mortgagor will keep all buildinge, otber etructures and ~ improvementa, including equipment, pow eaieting or wbich may hereafter be ~ erected or inatalled on the laAd mortgaged bereby, ineured againet loee by fire and other bazarde, caeualties aDd contingencies, in eucb amounte and ~anner, and for such periode, all ae may be required Yrom time to time by ~ne Mortgagee. Unleae otberwiae required by the Mortgagee, all sucb in- surance ahall be eYfected by Standard Fire and Sstended Caverage Insurance ~olicies, in amounte not leae than-~neceesary to comply with tbe coinaur- a ance clause percentage of the value applicable to tbe location and charae- ~ ~er oY the property to be covered. All eucb ineuraDCe ahall be carried in companies approved by the Mortgagee and all policiee therelor eball be iD sucb form and sball have Qttached thereto laee payable clauees in Yavor ~f the Mortgagee and a~y otber partiee ae ehall be eatieYactory to the ~:ortgagee. All such policiee•and attachmenta tbereto eball be delivered ~ ~,romptly to the Mortgagee, unleee tbey are required to be delivered to the ~older oY a lien of a mortgage or eimilar inetrument to wbicb tbie Mort- gag~ ie expreaely eub~ect, in rrbicb letter event oertitiaates tbereof, ~ ~ ~ eoo~c186 .~12 ~