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Home My WebLink About2599 . . ~ _ ' t )1., ~.e l. The mortaaaor oo~eamts and aaree~ as fol~o~n: ~ . . . ~ - . . . . . . . s. He will P~PVr Wr t6e iadebtedneM evidwced bp said promiMOr~ aote at t6e timer and in t4e manner therein prorided. t 6. He ~rlll p~~ all tRSes. aNe~eot~. ~rater nte~. and other So~retsm~ntal or maaieipal ehar~. 6ne~ or : impwitiod, foe ~?hicl~ prarision 6a~ aot beea a~ade hee~einbefoee. and ~riU pe~ooptl~ delirer tbe oiei~l reoeiP~ i 3 thecefor to the said aaetaasee. ` He ~ ill pe~• ruch expcaeeM anel fe~ ar may be iacurrcd in tl~e protection and maintr~ance oi wiJ ~ property. iacludinR th~ fe~es of an~• attorne~~ employed br the mort~[aRee tor the collrction o( an~ or all of i th~ indebtcYloens hercbv eecurcd. or (or (orrclosarr b~ inort~ta~ee's aak. or court proceedinRs, or in ~ny oiher IitiRation or procee~iinR aRectinR said prcmiee~. Attorne~•s feea reaeonablr incurnd in am other wa~• shall be pai~l by the murt~asor. ' d. For better security oi the ind~btcdaers hereby eecured. upon the request of the mortaaaee. ita suc- s ce~uors or aaaign~, h~ ehall execute and d~li~•er a aupplemental raortRaae or mort~aad eovetina any add~ ~ons, ~ impro~•ementr, or bettcrn?ente made to ihe prnperty heKiuabo~•e described and all prnperty acquired by i it aft~r the date hereoi lall in (orm satisfactory to mort3a~[er). Furthermore. ahould moryta~or fail to cure an~ default in the pa~ rnent of a prior or in[erior encumbnr.ce on the pmpertv dcacribed by thia iaatrumcnt. ~ mortgaRor hereby agreea to permit mo~agee to curc auch default, but mortgagee is aot obli~ated to do so; and auch ad~•ancea shall berome part of ihe indebt~dne~s eecurrd by this inatrumen~ eubjeet to the aame termr apd conditiona. The ri~thta createei b~ thie con~-ecance ahall remain in full force and eHect durin~t an~- postpoaement or extension of the time of papment o[ the iadcbtedneas e~~idenced saiJ promiewn note or an~ part thereof aecured hereb~-. • j. Iie will continuouel~ maintain hazard inauranc~ of at~ch hpe or t~pes and ia,anch amounts ae the murtgageg mar (rom time ~o time requirr on ihe impro~-ementa nuw or hereaiter on aaid prnperty, and '..~ril~ pa~ prompdr ~r6en due m~ prenoinm~ tberefor. AD imnraoec ~hail be eanied in compauia aooeptable tn mostaaaee and the policic~ aad c+eae~ra1~ tbereof ~hall be heW b~ mortas~ee aad 6a~e auaebed thereto lu~s pa~sble cLn~a in favoi oI and in form acoeptable to t6e mortaa~ea In eveat of 1or, a~ort~a~or ~rill p~ imn~ediate notioe ia r?ritin; w mortaaaee, and mort~ee ma~ make proof o[ 1w~ if aot made promPtl7 b7 mort6aaor, md eaeh insuranee oompan~ oonoerned i~ 6errbT ant6oriscd and dirertcd to make pa~ment for auL loM directl~ to mortaa~ee inrtead oi to mo,rtaaaor an~ morta.aee joind~, and t6e i~~ranoe proeeed~, or an7 part thereof, ma~ be applied b~ mort~a~ee at ita optioa eit6er w tbe rednctioa of the iodebtednar henb~ ~ecnred or to t6e re~toration or repair of t6e propertT damaaed or destro~c~. In e~eat d foreebwee of thi~ mortaaae, oi other tnn~fer of titk to said pmpertr in estin6uishmmt oE t6e indeMedneM ~eeared Lereb7+ all ' ria6t, tide, and interest of the mortas;or in md to an~ inwrance poli~e'se+ t6eo ia foroe ~hall pa~ to tbe purchaeer or mort~agee or, at the option of the mort~ca{cee. mar be sarrendered for a rcfnnd. R. He M-ill ke~ep all buildin~s and other unpro~ementa on eaid propert~ in ~ood repair and oondition+ ~ will permit, commit, or auBer no wrast~ impairm~at, deterioratim of said prnperts or any pstt tl~ereof: i in the event of failure of the mortRagor to keep the buildin~ oa said premi~ea and tha+e erecte~ on eaid 4 pmmii~ea, or impro~ementa th~reon, ia ~ood repair, the mort~aFee ma~ make each repaira as in ib diecretion it ~ ma~ ~leem nece~ean for ihe proper presen ation thereof: and thr full amonnt o( each and every wch paymeat ~ ehall be immediatel~ due and payaWt and ahall be aecured b~ the lien of thia mort~Cat[a h. H~ will not voluntaril~ create or permit to br ~rrated aFaiant the pmpertr aubject to thia mortaaae s an~ lien or liena inferior or auperior to the lien of thie mort~a~~ Mrithont the rrritten consent af the mort- ~aRee; and further, he will keep and maiataia the aame fret fmm the elaim of all peraooa wpplyinR labor or materiala for conatruction of in~ and all buildin~s or impro~-~ments now bein~c erected or to be erected on eaid premisea. . . i. He will not rent or aao~n afiv p~t of the rent of said mdrt~a~ed ~rnpcrt~ or demoliah. or remove. ~ ~ or subetantiall~ alter an~ buildia~ Mithout t6e ~vriu~n conaent of the mort~a~ee. ~ j. Aii ,a~.ar~ie oE dama~cee in oonnection w-ith an~ condemnation ~or public uae of or injnry to anr of i6e ' ~ propert~ eubject to thia mortFa~e are herrbq aseiRnrd and aht~l be paid to mort~ea~ee, M6o may apply the ~ ~ eame to pa~~ment of t6e insta11menL la~t due under aaid not~ and mortEa~ee is 6ereby authori:ed, in tbe ; ~ nuae of the mort~a~or, to ezecute and deliver valid acquittancca thereof and to appeal from an~ aueh awud. ~ k. The mortRagee 6ha11 ha~e the right to insped the mo~t{~a~,ed prwises at 1n~ rcawnable time. ~ ~ ~ 2. Ikfault in ao~ of the coren~nnta or conditiona oi thu inatrument or of the not~ or loan aFmmeat eecurrd ~ ~ hereb~- shall terrr?inate the mortRa~[ot'e~riRht to po~~sion. oee, and enjo~-ment of the propert~-, at tht option of the ~ mortgagee or hin a~iy,ue 1 it beiaa agreed that the mort~a~or ahall ha~•e euch riFht until default l. Upcw any ~uch ~ de(sulL th~ mort~a~ee ahall becom~ ihe ownrr o! all of the rcntr and pro6ta aceruin~ ~ftrr default sa securitv for ihe indebtedne~ ercured h~reb}-, with the riFht to enter upon ~aid propert~ for ihe purpoee of collectin~[ auch ~ renta and pro6ta. 7'hi~ inatrumrnt ahall oprrate aa an sasi~tnment of anv rrntals on aaid propert~ to that e:tent. , ~ " ~ - ~ a~i~ z~~ ~ ~ ~ ~ ~ i ~ ~ - . . : . . ~ ~ _ ~ . _ ` _ ~s;~.~