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Home My WebLink About2279 At~ MN sO~d MO~tQO~ Al~iOy CO~?MOrMf Ond a~rt~lt w~lh IM ~O~d MWt00QN O! 10NOw{+ fIRST: Thol MN Mor~0o9or it iowfuM~ ~it~d of N~ obo~?~ dNCr~bfd pr~wis~~ ~n f~ w~pl~ ond Aw oood ~iQM b~11 oed toewr 1M tiow~ b IM Mort~epNt Mof IM wid pr+w~i~ o~~ f~~ o~d dnd~a.p~d d ond frow oN toan„ loa tiHN a tatificotsf. irvd9~+ts, n~dw~+ii s IiMS o~d Ma~broncK of a+y no~w~ or kind wlwh~o~vN oed Nwt N+~ Mortpo9a wiN fvtlr wonoM ond d~f~nd Ih~ sonN ~o Nw Mortao~k, o9oinW ~M bwf~ul doi~s oed d~~oi+ds of oll p~~so~ wAo~o~vN, ond wiil ~ok~ wd~ fwth~r aiswoec~s w pKf~c1 fN si~pl~ tit1~ ~o ~oid 1a~1. in ~M Mo~t~o9N. os uwy nesawbb b~ nqui~td. ond will por 1M ~v~ral wms of nw~~y o9rt~d in N~ soid iwh b b~ poid oed a11 w~ttolM~MS of ptintipol ond inl~rtsf Mw~~*on pron~pNr wMe dw. oed oooord~np a N~ rn~ ond ~ff.e~ of e!~ soid ~w~. SKOND: Thot tM Mort~opo~ will por oY ond sinpvlo~ Me 1ox~s, os:essmsnb, I~vi~s, ond entwnbronces of tv~ry noturt o~ M~e obore desuibed prop~~tr, aed upa~ Mis ~no+t~aqe ond ~ote, or N~ mo~+.r ~.a«d ~herebr, b~for~ d~linqwncp tAe~eof ond receipts evidencinq porment of soid ~oxes, auessmenn. I~vies ond srkwnb~enas :~~olt b~ deposit~d with the Mortpo~ee on a befo~e Mo~ lst of ~och woce~dinp r~or dwin~ IM t~ of this mort~o~~j aed if so+~ b~ not pranpMr poid wh~n dw, the Matqoyee nwy (wiM~out oblipation M do soI par M~e senw, or bscane purdsosK of onr lowfvl ~videnc~ tM~wf, or certifitote ther~for. wiNwut woiri~p or ofF~ctinp onr ?i~ht M~~und~r ond in Nws nwtt9aps, or 1he soid not~ whic~ Mis nwrt~oqe sea~ess o~d such parn+a~+?s or exP~ndihir~s so nwd* sholl b~o~ int~r~st from th~ dat~ th~r~of ot tM rote of ~iph1 per c~r?twn (8~) per onrwm. THIRb: That the MortyQyor will keep oll ~tal ond personnl property now o? Mreafte? ~bered by 1he lien of this mort~o9e inw~ed os nwy be reqvi~ed from time to time br the Mort~opee a~aihst loss by Ar~, winds~onn and Wh~r hosards, cawalties and ooetin9encies for w~d~ periods and for not les: thon wch onww~ts as nwr be required br N+e Mortqo~ee and to pay pron~ptlr wheo due all prenawns for sah i~urante. The omounts of wah iraurance required br the Mortqe~ee or~ expressive of onlr the muwmwn anwunb for whid~ said i~ance shall be written ond it shau be ir+cwnbeM upon the Mort~a~ to maintoin wch additionai i~wrance o: nwr be netessary to eneet ond eomply fuUy with all ao-inwrant~ requireenenls ooMoined in wid Rolicies fo the end ~l~at scid Mort~apw is not o oo-inwror therew~der. hw~ance shall be wrinen by o oanpanr or oompanies opproved br the Mortpagee ond all poticies and renewals thereof sholl be held br fhe Mortya~ee. All detoiled desi~notia~s by fhe Mort~a~ whid+ are eaepted br 1he Mortpaqee and all a~reemenfs between Mort9ayo~ ond Mort~oqee relotinq to insuronce, n~w existinq or hereoher nwde, shall be in w~itmp aed shall be o port of this mort~aye ayreement os full~? os Nwu9h set foHh verbotim herein and shvll qovem both pa?ties hereto ond their wocesson and aui9ns. No lien upon anr of aeid pOlities af iesurance or upon anr refund or retum premium whith nwr be poyabk on the cancellotion or terminafio~ thereof, shoN be ~iven to other thon the MoA- gaqee. except br Proper endorsemeM offixed fo wd~ polit)? ond opproved by Mort~oQee. Eoth policp of iraurence sholl hove affixed therero v Standard Mort~aqee Clause aaeptoble to the Mortqogee, makin~ all bss or bsses under wcfi polity payable to fbe Mort~ogee as its infe+rest nwy appeor. M Ihe event any wm or sums of nai~er beaome payable thereunde~ the Mortqoyee sho{I hove the option b rateiv~ and aPPly the some on aaoouot of the indebtedness herebr seared, or to pe~mit the Mortgaqor fo receive and use it, a orqr part N~e(eof, wilhout ihereby woivin~ or impoirin~ onr eq~ity. lien or ri9Fit under and by virtve of tlws nartgo~e. In event of bu or physicol dama~e to the nqrt4ayed property 13~a Mortyaqor shal) ~ive inwnediote notice thereof by moil to the Mort~agee and the Morf~a9ee nwy nwke proof of bss if the wme is not made pranpNr by the Morf~ugor. In eve~t of forcdowre of this nwrt~aye or other transfer of titk to 1Ae mortQoged propert~r in extinQuisF~mant of the indebtedness secured herebr, all ri~ht, tiNe and int~rest of ihe Mort~a~or in ond to anY inwrance polities NNn in forte sholl poss b the purchaser or grontee. Upon onr default Nrereof, Me Mort9a~ee nwr (but without obGpotion on its pa~t so to do) Ploce insurante on wch buildinys aed par M~e pren~iurn a~d dwrpe wd~ wms so paid ro the Mortpa~ and wd~ wn?s of nar~r so pcid shall bear interest frae the dote of parmer~f at ths rote of ei~ht p~r cenhrm (8~) per onrwm. fOURTH: Thot all sunK of na~~er paid or coused fo be poid by the Mort~oQee w~der the terms of this mortqaqe ond hereen ~ specificallr provided foir, and includirp orn? expe~es inaurred br the Morf~a~ee in oollection of the sum sec~red br~this mort~ope, shall be cove~ed by the lien of this mort~aye, the same as the wms of n~oner represented br the note which this mort~oye secures. - flFTH: To permit, conrnit or wffer no woste, impa+rment or deteriorotion of said property, or onr po?t thereof, and upon the foilure of tha MortQapor to keep the buildinps oe said pwpert~r ie yood oo~ditwn of repair, the MoA~apee nwy demand the immediate repair of soid buildinqs, or an increase in the arnow~t of sewrit~?, or Me inwnediote repaymeM of the debt he~ebr sewrcd, and the failwe of 1ha Mort~aqor ro comply with soid demand of the Mort~a~ae for a period of 8fteen I15) da~rs sholt constitute a breoth of this mortqoq*, end, at 1h~ option of tht Mortpa~~e, inan~diat~(r mohrre th~ entire unpeid printipol and i~erest herebr sewr~d, ond iF~ Mort9aqe~ nwr, withour notic~, institvt~ proc~edirp: to for~cbse Nws mortpapt, and opplr for the appointmem of o receiv~r, as h~reinoher provided. ' SiXTH: That the Morfqa~or he~ebr promises. oorenonts ond aprees to par the swns of ma~ey and interest as menl'wned in said promissory note, to~ether with omr ond oll other wms 'rystly due and owin~ the Morf~ayee by the terms therein, ond secured - ; to be paid os stoied therein prompNr when due. If defouM sholt be made in the poymeM of the said sums of moner or onr Po~t F thereof as provided in the said note or this nartpa~e, w if the interest thot mor become due thereon or anr part thereof shatl be in defauk ond unpoid for a space of fifieen (1S) doys, or slwuld the Mo?tya~or breod~ or fail to comply with ony other wverwnt i or o~reement on 1he part of fhe Morf4a~or to be tanplied wifh (in fhose tasas in which fhe opfion of the Mortyaqee of attelera• j tion is nof otherwise expresslr provided herei~) ond wth braach or non-oomplionte oaKinu~ in existence for a spoce of Bheen (15) i dops, then and from H~enc~forth, at iik option of ths Mat9a~ee and without eotict M tht Mort~o~a, the whole of said pri~cipol wm expreued ie soid not~, to~etM~ with aU o1h~r swns lheesin a: wtll os htr~in provided for, slwll b~oorn~ inwnediately dw o~d Parabk, wiNau~ notice M d~ said MortQaQor. SEYENTH: Thot in case it slwuld b~t~om~ ract~sary b ploce ti~is mortqoqe ond th~ note seared herebr or ~ither of them, in the Iwnds of on attonNr for coUectiort, tht said Moriqa~ oovtnanK end aQr~ts wifh ths Mort~a9e~ to pay all aosts, tha~pes ond ~upens~s of wd~ cdl~cfion, indud'a~p r~osorwbl~ ottorrNr's f~~s wheM?~r coll~cbd br foreclowre a oth~~?ist. HGHTH: Thot, in tht went amr wit is brou9ht upon this mort~e~e, wheth~r ro for~close it, w r~form it, or otherwise, ond/or to ee~forr~ poyen~nf of an? doim Mr~~d~r, th~ Nlwt9o~~s ~aaY aPP~ tn a~? aowt harinp jurisdittion th~reof for N~e i aPP~ of o r~aivK of soid ~ortpaq~d Prop~riy?, as w~ll os th~ 'aioa~~. ProR~~, issws ond rwMws Ihenof, and th~ soid 8~~ PA~6E~ _ -2- ~ ~ ~ - - - ~ f ~ ~ ~ ~ _ . - ~ :