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Home My WebLink About2370 It is further agreed that any default under the Loan Agreement executed by parties of the first part concurrently with this mortgaqe shall be a default under this m~rtgaqe. To~ether Mrith ~Il and ain~cular the tenements, hetsditaments. easement~ •nd sppnrlenanees tl?enunto b~lon~in~ ot in anywise ~ppertaining. ~?nd the renta, iasues. income. reoenw and ptofits tMreof. and also all tM estat~. r1sAt~ titl interest and ~11 claim and demand whatsoever. as welt in 1Rw as in equity. oi !h~ r~id partie~ of tl~e flnt past sud t~e6 ~ them in and to the same. and every part ~od p~rcel therwi.with tlie sppurtenances. . Q.'o ~tbt ~utD ~:a ~olD thc abovc ~raAted and d~ueibed properties and pr~tntsa unto W~ ~aid parti~~ oi th~ ~econd part and tAeir lesal repsesent~?Ures lor~~~r. ~robiDsa ~s, and these presenb are on tDis e:preu condition. that it satd partIes oi the itr~t part. or tbetr legal representativ~ea~ ahall well and tn~ly pay nnto tl~e uid Wrties oi th~ seeond part, or their 1Ka1 repr~sentatitis. tM aaid moneys mentioned ie uid promiasor~r notes~ snd the intereat thereon and on any extenaions or ~ r~ntwaL thereof. u tAey shsll become due, aceordin~ !o We true intent and meanir?~ tLereof. tosether with all eo~ts. d~ar~s aad upe~s. ` inel~ding reasonaDk attorne~'s fees. ~rhich the said parties oi the secondpa rt may iaear or b~ pnt to in coUaetins tM waie. and shsll perform all other covenanta of tbia mortgage and t6e notes hsreb~ seenred. lheu thes~ pr~sant~ and tM ~s- tate Aerby ~nnted shsll rease. determi~e and be absolntely aull and ~roid. ~nD the u~d partiea oi the firat part. for themselws and tl~eir legal repr~sen4ti~es, ~ointl~ aad s~?snq7 eo~a nant and a~ree to and with thc said parties oi the second Wrt, ~nd their 1K~1 npresentati~res. that at the tim~ ot tM ~ ensesling and delivery of theae presents they ate well aeisedoi uid properties and/or premiss in ise simpl~ at?d ha~~ ~ood sight. full power- and lawtul suthority ta grsnt. bargain:nd aell the sam~ in t~?anner snd form afores~id; that the sam~ are iree and clear oi sll liens and incumDrances whatsoev~er.snd t,hat ther will forever protect and defend the same ssainst all lawful cl~ims, and that they henby fully watrant thetitle to said propetties and/or premisa and wW defend tht same against the iswiul cl~?ims oi all persons whomsoe~es; that t1?ey witl permft, eoaunit or sutier no waste snd w[U . keep sll the improvements in as good condition as tbey noware, snd will do or petmit to be done to satd properties and/or ~ premisea twthin~ that may in any way impair or weaken thesecurit~r under this moriga`e; that tbey ~rill psr nato tM patties of the second part~ or their legal representati~es.We said proraissory notes. and the interest ther~on snd on any eutensions or renewala thereof~ as thsy ahall beeome due and psyable~ inclndinR interest on past due inttreat sL tea per cenWm per annum irom due date untilpa iA~ together wittsll cosis. charges~ sbstraet fees and expensea. iacludina at- torney's fees, which the said parties of the second part, or their kgal representstives. msy be pnt W or incur in coUect- ing We ssme; t1~at the uid parties of the fint past_ will. in due seaaon. and before delinquenL and before any penalt~ :ttaches or any interest accrues. pay all taxes. assessmenta and cb:r~es wAieh may be le~ied or assessed npon the ssid property until the indebtedness aforessid ahall be paid; andMill keep said properties and/or all bnildin~a that msy. ~t . any tirr~e. be on said premises during the aontiausnce oi a~id indebtedness. in ~ood and tir~t-elass condition and/or zepsir and insured ia such fora~ and in auch company or eompsniesas the said parties oi the second put, or their leaal repre- uthe fu~a~ ~insuiab~le value thereof x ljil{~iL~Ki~------..._..__._..) ag~inai ~re. stotm. winds. iloods. theft~ pestilenee and othecdisasten for the benefit of tbe said parties ot the seeond part, or tbeir leQsl repreaentatives. snd will assign snd ddiver. with t6e proper eonsent of the insnrers, the poliey or policies of inaurance to said parties of the second par~ ortheir legal representativ~es. as fnrtber secnrity for the in- debtedness aforesaid. and that the said partiea ot the fintpart. or their le~al represenbtives~ will promptly aatiaf~, psy and diacharge any and all . mechsaics and msterisl men'~ and all other liens, and any and all jud8menis and decrees ' w+hieh may become liena or eharges upon the properties and~br premiaes above descriDed. ~ttD itt ~ttu of the refuaal or neglect oi the said parties of t6e fint part. or their legal npreaee4tives, to i thna repair and/or insure. or to sssign or deliver the policy or pol'teies oi insannce. oT to psy ta=es. ssseasments or I chartes. or to ~tiafy and diaehsrge the liens. judgments oi deerees abone mentioned, or to deli~er receipts ior uid pa~- i menta when so requeated. the said puties oi the second psrt. or their legal represenLatives~ msy~ at their opLion, malce sneb j rep~irs, proctm such inaurance or wy such ta:es, ssseasments or char~ea. or psr aad disc6arae snch liens. judsment~ ~ or deerees. and it shall not be obligatory 1or the parties oithe seeond psrt, or their le~aal npseaentatives. to iaqnitr ~ iato the validity ot 4x assessments. tsx deeds or special a~esame~ts, or of ules under aneb tauc os special assessments, or t~o upuire into the validity of liens of inechanics or m~teial tnen. os into the necessity oi such npairs, in ad~snc~ns moneys in that behalf sa above authorized. bat nothins heren contained shall be constr~ed ss reqniring the ssid psrNa ~ of the seeond part, or their legal representatives. to ad~sneE or azpead money tor tszes or special assesamenb or for otber pnrposea ~foreaaid. All moneys t6us paid shall dn~? interest at the rate of ten per centnm per snnnm~ at~d, to- ~etber with all reasonsble sttoraey's fees, costs. cbar~es=sbattact !ea sud espenses for fozeclwnre or otbes proeMd- ~ inss. sball be _repaid to tt~e parties oi the second part, oztheir lesal sepreaeatatives. on deinaad; and shall bewmt ae mnch additional indebtedness secnrcd by this most~s~e, to b~ Psid out of the P~~s ot !he sale oi the mo~ed ~ premi~es aforeuid. ii tbis mortsase ahonld be toralo~ed.snd ii not ot6eswise paid b~r the ssid p~rties o! tLe ii:st par~ or Weir k~al rePraenLtita. ~~~'a ~~ts~es pf ll~s ~`cn! ~ssl, for themaelns and their lepl seyraeat~tina, ser~rall~ and joiatl~ inrtb~r oorensnt *ad asree to P~y atl t+u~. assessmen4 and ehsrns tlut a~~ b~ usea~d npon ~ueh piop~rttM aad/oz pnmi~es u dacsibed abo~e. aad/or npou tbis mortssp ostM ind~btednaa ~seused beny~. wittwut~a~ to a~ Lw Deretotore eaaeted. or heiwiter to be en~d~ed. imposinR p~7ment o~ tbe whob or an~ part tb~reof gpon tb~ ~attiM o~ t~ secoud p~st or their la~ai represe~tati~es. Upon vtoLtion of this nad~ratat~dins or npon tb~ saactment D~ t~t 84te a~ FIerW~ oi an~ law imPosins Wl?ment o~ tbs wbol~ or anyPortion o! aa~ of tLe tazes. as~asm~nt+~ oe char~a ai~- uid npoa tb~ partia ot the ~coud Part os tb~ir lesal sepr~eatati~a or npon tbe r~nditlon b~s~ eomt o! lut :woet o~ s deeisioa to the ~tieet that th~ wid~rtalcin~ b! the s~id p~rties o~ tbe i'~t yart, as hrreinpro vid~d. to pq all ta~, ~ aaw~b or e6arra b lesall~ inoperatiw or eannot be entoresd. then aod ia eit4er of ~aeL •~eat~ t~ indebt~wa 6ee+eD7 Mcared. withont any dednetio0. sba11. at tb~ oylionof t}~ PartiM o? tb~ s~eond part, or tbsir 1~1 rspews~ta- ~ tl~w. aed wtt~ont imtbcr notiee. beeom~ immediateir dne ~ad p~~sble notwitbs4adins an~thiat eontain~d in ttiL sotF ~ er aa~ law Mreto~fore or huwiter enaet~d. ~ it is ~t~ xttD ~gtssD t6a~ in cas~ oi default in any ~ f~s ~aid pa~ab oi prfaeipal oe intawl, aa ~ ~oedips f,o tb~ t~wr oi the said nota mentioAed ~bo~e, orbreaeh o~ an~ oi tb~ ooveaaul~ or asn~ab Drr~iA lai~d, tbea and 'w an~ sneb ease tb~ wbole ot the uid sam Mrtb~ s~evted and tLe i~?ter~st lbtr~o~. aad aq parseats ~~de b~ tb~ Parties ot the seeond part. or their r~present~tives. !or sePain. iasnrane~. tasa. as~s- ~ents. decr~a, eose~, chsrses, ezpens~s,a tea, sttoraq'~ fe~a os otaeswi~e. sdll. at t~ oyt~io oi~tbe past~'es of tb~ Neond par~ or thetr les~lrepr~ssntat~rea, beeom~ imm~distel~ dw aad y~~aDi~ ~ltb- oat inrtbee aodo~ aad thii mortss~ ma~ b~ loreeloNd ia th~ mtau~r aod wkh tb~ aam~ ttt~ct u ti t1~t ~aid iedt~d- ew Aad otbeswiN ~estus~d. ~!R ~toaeas of ~sii ~oralaaue ~all be sDplisd. fls~t to t~ e:peaaa inearr~d ~nnd~s. indodi~ ~ rN~o~- ~bN attorat~'~ !N fos snch serrtee ss aasr be rende~d for the eoll~etioa a? saW isd~btednw and tb~ totrelosuer a~ tbi~ s~oet~sp: s~eond. to tl~e ya~nn~nt ot wlutevsr swn or snm~ the a~id partia of tM seeond p~rt„ ae tbeir ie~a1 r~- reses4ti~er, m~r bave yaid or baome liable to p~~ in earryini out th~ optioas. ttrms aad ~tipnlatiow of tl~b mest~ap. to~+etMe wit!? inter~at thereon; tbisd. to th~ psymeat aod ~atiitaction oi ~aW aot~s, aad lantLh, t~ insaw. it aa~. ~bali be paid fo tb~ Wrties oi the tint part or oWerwis~ u th~ oourt ~aar d~eree. ~ - 3- 80~( PA6f - . : ; -