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Home My WebLink About1530 (F3) Ail huildi~»:c. clructurcc, nn~l i~~i~~i~~v~•~ni•~~is ~f cvory nilur~ wh:~l:~~~~rr n~,w nr i.~rr:,ftrr ~itis:~l~~l oh thc "l.ind", an~i ~11 hxlu~~~, inarhu~rr~•, ~•q~n~~nu-nl an~l ~H-rs~~n:~l pr~~{,rrly n! ~v~ry n:~l~n~ vvh:~t~.~,~vrr no~r or lurra(tr~ ~~a•~~r~l h~ Ihc "It~~r~~~~~•~•r.• ami I~+cal~~i ui. ~n, ~r u~~•~l or util~ntl~d to h~ tr.~~l ~n ~nnn~rtinrl ~~•~th or ~rul~ the o?~rat~~~n ~f c:?i~1 "I.an~l". h~nidin~;., sUu~•lin~•c or ~~thr~ im{~~u~crn~nta, ~nclu~l~n~ ali ~•xt~n- sionc, ~ci.l~t~ons, ?mpro~•~~n~•nlc. I,Mlo~u?cnf~, n•n~~valc ~n~i r~~ilac~nunts io any of th~ f~r~i,~~in:,: and all nf t3ic n~ht. t~Uc and ~nl~~cct ~~f lhc "Il~u•r~~w~r" ~n at~y ~uch pc~~on:~l pro~~~ty ~ir f~xiur~a s~:h~r~t t~ a ~un~l~- t~onal caics contract. chalMl m~a tra~~ or cim~lar I~cn cla~m t~~j;~•thcr w~lh ti~o i~on~(it o! s+ny d~pos~tc o~ paymeMs no~v on c~~caflcr madc hy U~c "Iturrow•cr" or on il~ 1?~I~:~lf. TOGETI~ER ~vith al) c~sc~ncntc, ri~:htc ~f v~~~Y. ~orc~ of land, ~lrcMc, ways, nllry~, p:, :~:,~;~a, s~«~~r ri~htc~ ~ralcrs. ~~•atc~ ci•u~ccc, ~vatcr ri~hl~ an~l powc~s, s+n~l all cslatcti, r~~;hls, t~llc~, ~nt~rr~t, pr~t~~lr~rc, 1ii?- ert~cs, tcncmcnlc, licrcd~lanunl~. ~nd ap~?urtcna~~ci•s whatsoc~c~, in ~ny w~y I~cl~~nt;~n~„ rclilint~ r,r npp~r- • taining to a~y of thc propcrly lurci~i~l>ovc dccc~iliccl. or wl~ich hcrcaflcr shall i~ ~ny w~y I,etont;, r~latc or be appurtenant tlicreto, N1~cUior now own~~c1 or herea(ter Acquited hy ihe "Rorrowcr". and the roversi~n and rc~ers~ons, remaincic~ and cemainde~c, rcnts, ic~ucs. profils the~cof, ond ~11 the cst:~le, ri~hl, tiUe, iMer es~ property. pos~cs.cion, claim rnd d~mand wlialsnevcr at law. o~ well aa in equity, o[ the "I3orrowci' of. in and to tlie same~ includin~ i.ut not lim~lcd lo: (A) All rents, profite, ic.cucs and ~e~~~nuc. of the 111o~f~a~c~i Pro~rty from time t~ time s?ccruin~, ~~hether tindcr lcises or lenanc~cc no~v exictin~ ~n c~rcaft~r crcatcd, rc~orv~n~ t~ °[iorrowcr^~ how~vcr, to tons as "IIorrowcr" is not in dcfault hc~eunder. li~c ri~ht to ~cccive and relain lhe renLa, icsucs a~d protilv thercof; and, (I31 All jtui~mcntc, a~var~ls i~( d~ma~;es and ~cttlemcnts hcr~~ttr~ madc resultin~; frnm cnndcmnati~.r. proccedtin~s or ti~e tak~n~ of tlie premiscc or any pirl ihereof under Ihe pnwer of em~ncnl dr,main, or f~~r any dar.ia~c i~~hether ciuscd by such takin~ c~r otherwisc) to thc premiscs or t'nc improvemenls thereon oc any pari ihercof. or to any ri~hle app?~rtenant thercto, inciudin~ any award tor chan~•c ot ~;ra~c or ~t~ects. "Lend~r" is hercby authorizcd on bchal[ a~d in thc namc ot "Bo~rowcr" to axecutc and dclivcr vaiid ac- quittances for. and to appcal from, any such jud~ments or awards. "Lendcr" may apply all such sums or any part thereot so received, after tlie payment of all its expenses includ~nq costs and aStorney's fees, on the indebtedness securcd herebv in such manner at it elects, or at its option, lhe entire amount or any part thercof so rccci~•ed may be rclea~ed. TO }iAVE AND TO IIOLD the Mo~tga~cd i'ropcrty and ail parts thcrcot unto thc "i.cndcr". its s:~c- cessors and ass~~ns to its own proper use, benefit and behoo[ torever. subject however to ihe terms and cond~tions herein: PROVIDED, ~~OWEVER, that thcse presenlc are upon tnc condition that, if the "3orrowc~' sh:~li pay or cause to be paid to tlie "Lender" the principal and interesl payahle in respcct to the note, at the times and in t:~e manner stipulated iherein and herein, ali without any deduction or credit :or Laxes or othe: simiiar charges paid by the _"Borrower". and shall keep, perform and observe all and singuiar the co~ena~ts and promises in the note, and any renewal, extension or mcxiification thereoi. and in this mortgage expressed to be kept, performed and observed by and on th~ part of the "Borrower". all without fraud or delay. :hen Lhis mortgage. and all the properties, interest and riQhu hereby granted, bargained, sold. aliened. remisec, released. conveyed, assigned, transierred, mort~aged, hypothecated, pledged, delivered. set over~ warrante.: and confirmed, shall cease, determine and be void, but shall otherwise remain in full forc~ and e[feci. A~TD the "Borrower" covenanta and agrees with the "i,ender" that: ARTICLB Ol\E Farticular Covenants ot the "Dorrower" 1.01 Performance o( Note and liortgaRt. The "Borrower" will perforrr., observe and comply witi al; provisions hcreof and of the note sccured h~reUy and will duly and punctually pay to the "Lender" the sum of mor.cy expressed in the notc witi~ interest thcrec?n and all other sums requircd to be paid by the "Borro~~•er" pursuant to the provisions of thi~ mortgage, all without any deductions or credit for laxes or other similar charges paid by the "Borrowcr". SA2 ~Varranty o[ Tille. At the time ot the ensealing ana delivery o! these presents, !he "F3orrowcr" :s well seized of an indefeasii~:e estate in fce cimple in the iand and real property hercoy mort~a~cd and 'nas good and absolute title to all existing personal propcrty hereby mortgagcd and has goo~ ri~:~t, full power and :a~afui authority to convey and morteacc thc samc in the manner and torm aioresaid; that the same ~ ss free and clear o! sll liens, ch~r~es, and encumhrances whatsoe~•er~ includin~, as to the persottal prop~rty and f:~tures, conditionai salcs contractc, and anyth~nR of a similar nature, and that "I3orrow•cr" chall a~d € w~ll warrant and forc~•rr ~lcfcr~d the titlc tlic~cto. ; 2.03 ~ionthly Tax ncpocits. If rcRuircd by the "i.cncicr", t2ie "Ro;ro~~c~" ~vill pay i~~ tne "i,end~.-" ; or. thc :usf day of cacTi m~inth t~~.Mhcr w~ilh and in addition to thc rc,:ula~ ~nstailmcnl of princi{~.-.i an~i :n- : tc:est, until thc notc ~s fully paid, a~ ~mount c~iial to onc-t~vclftl~ (i/12) of thc ycarty tnxcs an~1 ac~,,c;- :r:cnts as cstimated by thc "Lcn~icr" lo hc sulficicnt to cnat~lc thc "L~ndcr" to aay at )cast thirly (30; : days before thcy becomc due. ~11 taxcs, asseccmcnts, and othcr similar char~cs a~ain~t the ~:~ri~a~ed : ro~- t erty or any part tnercof. Such added paymcnts shall not bc, nor be decmed to bc, trust fur.ds, but n:.-~y he F comminGled w~th the fieneral fiinds of the "Lender", and no interest shali he payabie in resacct thercoi. ~ lipon demand of the "Lcnder° the "Borrower" a~rces to dcliver to Lhe "Lender" such additionai m.~r.c~•s ` as are necessary to make up any deficiencies in the amounts necessa.-y to enabie the "Lender" io p:~y + ~ such taxes, assessments and similar char~es. the event o[ a default by the "Borro~ver" in the periorrn- ance oi sny of the terms, covenants or condit~ons in the note or mort¢age, the ":.ender" may apply to the ~ reduction o: the sums secured hereby, in cuch manner as the "Lender" shall determine, any amount under 1 this Paragraph 1.03 oE Article 1 remainin~ to the "Borrower's" credit. ~ ; ~ all charges ~or utilities, : ° 1.04 OtherTaxec and I,iens, AND iJTILITY CHARGES. whethe~ publzc Or pY'ivate, ~ ~ (a) :nc "Borrower" will pay promptly, when and as due~anci will psom~liy exhihit lo thc "Lendcr" q : ccc+, ts ior thc , aymcnt of, all taxcs, asscccmcnis, ~vatcr : at~s, ducs, char~cs, f~ncc :~nd im~osit~on~ of .~~-cry F :.a:::rc wnaisocver imposca, Icvicd or a~scss~d or to l~e imposed, levicd or acc~cscd upon or a~ainct ;he ~inrt- ; ~ ha;;cd i ropcrty cr any part thereof, or u~on thc inlcr~st oi the "i.cnder" =n thc 7lfortG~~ed i'roperty ;othcr = :raa any of tne same for wh~cn provision has bcen made in Para~raph 1.b3 oi ihis Article l), ac N-cii as ali = ~ :::c~.:r.e taxes, sssessments and othcr ~ovcrnmen4~l char~es lawfully levi~ and imposed 'oy the United Statcc ~ ? o: America o- any statc, c~unty, municipality, boro?i~F~. or othcr taxinq authority ~pon thc 'Borro~~•cr" ~r in ~ respect af the ~Tortr:~~ed Fronerty or any part therco(, or any charge vrhicn, i[ uapai~. K•ould 'oecomz lier. ~ or char~e upon the ~1ortGa~cd Property prior to or equal to the lien o( the mortCage for any amounts securcd ~ - ncre~,y or wouid have prinrity or equality with the mortgage in distribution ot ine proceeds of any forer:osure N sa:e o: tne \r[or:gaged Property, or any part thereof. ~ ~oi :he "Bor:ower" will ~~ot su(fer any mechar.ic's, iai~orer's, statutory o; ~the.- lien wnicn mieht or CGL'iG ne ~r:or t~, or cqual to the lien of the mortgage to be created or to :emair. ouisL.r.ding upor. any o: - the :?.ortgaged Propc: ty. ~ ;ci :n the event ot the passa~e o( any state. federai, munic~pal or other ~;overnmentai law order. :uie 'Y or rc~ulation, suoscqueni to the date hereot. in any manner changing or modify~ng the laws r.ow ir. for.c _ ~overn:n,; the Uxation ot mortqages or debts secured by mortg~ges or tne manner of coliectinq taxea so as to aifect adversely the 'Z.ender". the entire balance of the principal sum aecured by the mortqage snd ~ aI: intereat aocrucd t2~erean st~W ~rithout twtia become due aad ~,yable forthwitb at ttse o~tion of the • 'Zender". r's ~ ' _2_ t ~ ' t n ~ a~ 1~0 1~~' ~ ~ ~ - - = v ~ _ - _ _ .L .