The URL can be used to link to this page

Home My WebLink About0598 ~~r, ~~31 1. The tnarigagor covenants and a~roe~ a8 fullow~: a. He will pro~pety N.r tha ind~bc~dn~. ev~aence~d by isaid promi~sory note at the times and in the manQet thersin prnvided. b. He will pap sll t~xe~, ae~errmenta, watar rates, and othe.r governm~ntal or municipal chargea. fin~, or impositioue, for w+hich proviaioa hae not bcen made hercinbefore, and will prompily delir er the o~icial reoeipte therefor to the said mort~a6ee. c. He wili pay euc6 espeneee and feea aa may be incurred in the protection aud maintenaace o( said property. includin~ the feee of any attoraey empioy~d by the mortga6ee for the col]ection of any or all ot the indebtednees herrhy secured, or tor fotrcloeure br mortgagee's sale, or court proceedin~p ar in any other litigation or proceedina aflecting eaid premises. Attornevs' fecs reaaonabiy incurnd in any other wrap, ehall be paid by the mort~or. d. For better eecnrity of the indebtedn~ee hrrebv ~ecured the moriga~or, upon thc r+eqaeat of the mortaagee, ite aucc~rors or aasignr, ihall esecute and deliver a euppMme~tal mort~aae or mortgs~jes covering an~ additiona, imprnvemeata or bettetmante made to ihe property hercin~bove deecribed and all propert~ acquired by it after the date hereof ( all in form eatisfactory to mortaaRec e. That the rights ereated by ihis con~•eyance ehall remain in fnll force and e6ect dnring t~ny postpone- ment or eztenaioa of the time of the pa}'ment of the indebteaineae e~idenced b~• raid promisaory note or any part thereo[eecured hereby. He will continuously maintain hazard ineurance, of euch type ur types and in auch amounta ae 1he mortgagee may from time to tirae cequire. and o:i t!?e improvementa noN or hereafter on said property. and will pay promptly when due any premiuma therefor. All insurance ehall be carried in companies acceptalyl€ -~-8 to mortgagee and the policiea and renewala thereof ehall be held by morigagee and have attached tltereto loea payable claueea in favor of and in form acceptable to the rriortg$gee. In event of lose, mortgagor will ~~•e unmcdiate nntice in_w~itiug to mortgagee, and ~uortgagee may ~ake propf o~.loae if;~no~ made pron,~pl1Y bY morCga~or, and eacb in?urance compauy concecned is he:ebp_ authorise~~ sud dirtcted,to inake p~ym~nt EoT euch lws ditectJy to u~ost¢aaee ~natead of to mortgagor and mort~aee jo'intly, aud the insurance procee~4s or an. p~st t~eroof,,iaqy be applied hy mortgagee at it~ opiion eiiher:to th~e ;tduction~Af~ the inde6tedneas.hereb~• securesl nr to the rptor~tion or npaii: o~ the property duna6ed or dptroy~d. L, eveiit of forecloewr~ of this moit~a~,'or other transfe~ of titk.Lo said pro~erty in e~tiiaguuhmeut c~f the; iadebkdae~ secured-he~eby, all - right, dt~F, aad interp~ o~ .the mortaaa,o~ ~n.and to any jasur~~e po,jici~a. ik+eg -~a [orc~- ahall paas to t6c purcha~er or mort~a~ytx, or. at tb?e optiop of t6e tnorig~ee, mAy be aurreodered fo; a refund. . 6. Ae will keep all buildinas and other improvemenb on aaid propert~• in gooci repair an~l conditiun, will permit, coaunit, or suBer no waete, impairment, deterioration of eaid propertv or any pari there.~f; anJ in the event of failure o( the mortgagor to keep tlie btuldings on e~id E,n•mi~ee and •l.h~o~e ei+ected oa saic~ i premieea. or improvements thercon, in good repair, the mort~gee mav make euch repairs aa in its discretion it ~ may deem neceasan fur the ptoper preservation thereof, and the fnll amo~int of eacb snd every auch pavment ~ ehall be ia?mediately due and payabk. and ahall be accured by the lien of thi• mortaage. i ~ h. He wil) not ~•oluntarily create or permit to be created againrt the property subject to thi~ mortgage anr ~ lien or lieaa inferior or auperior to t~e lien of thie mortp~a~e ~rithout the written coo~eat of the mortga~ee; and ~ further that he will keep and maintain the eame free from the claim of a11 persons supplrina labor or materiale for conetruction of ynv and all buildinRe or improvementa now being erected or to be erectcd on said premisea. i. He will not rent nor auigtz any part of the rrnt o[ said mort6aR~d propert~ nor demolish, nor remove, x nor subatanti~llY ~tltet any bnildin~ withoat the writtmi co~reqt af the moRt~a6te. • ~ ~ j. That all ~warda of ~amagea ip conaectinn with any tondemnatiow for. publia uee of or injury to any of ~ the propertv aubject to this mort~a~C~ are hereby aasi~ncd and ehall be paid ta mort~ta~ee, who may apply j the same to pa~ment of thP inatallmente laPt due under esid note. and mortRa~ee ia hereby anthotised, in ~ thr narrte of the mortRa~or, to execut~ and deliver valid acquittaneee thereo( and to appeal from any euch ~ award. ~ k. 7'hat the mort~a~ee ahall have the ti~ht to inipr~ct ihe mortaa~qed premisra at asv naionable ti~ne. 2. Defaalt in anv of the covenanta or conditiona of thie {natrument or of the note or loan agreement secured hereb~ ahall trrminate the mortgagoi r right to poeEeasion, uae, and enjormeat of the propect~, at the option of the ~zi mortFaFre or hi~ aaei~na Iit bein~C a~reed that the mort~ta~or ehall have euch riFht until detauitl. L'pon an~ t~~ch ~ default. the mortgaRee shall beeome the ow~ner of a11 of o~ tbe reats snd profita accruin~[ a(ter d~fault ai security ~ for th~ ind~btedne~ sreured hee~ebv, with the ri~ht to entpr upon 6aid proprrty (or the purpoee of ~ollecting r~uch ~ TrI1l6 and profita. Thi~ inatrument shall operate aa an aaai~nment of anv rrntals e~n eaid property to that e=tent. ~ ~ r _ ~ 3. The mort~z~goi' 1~'venante and aRree~ tb~t J he 66a1) fail to pay ~aid indebtedncas or an~~ part thereoi, when due, or ~a11 fail to perlor~h anv cov~nant or a~creetiert oi thi~ in~tru~ne~t or the promieaory note secured hereb~, the . ~ooK 187 ~ar~ ~9~5 ~ ~ ~ ~ :