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Home My WebLink About0126 ~ ~±~'1 3. (a? To pn?per!y care tor and keep thepremises in aood coadition e?nd tepair: (b) not to reawve or demolish any builciia6 or improve- meota tAereoa vr~thout the M-ritten eonaeot o(111ortga~ee: (c) b compkte in a~ood aad MrorkmaaGke ma?ner any builJu~ wh~ch msy be conetructed thereon and to pay ~ri~en due all claims tor lsbor pe~formed and auteriab fumia~ed theretot; (d) Lo oomply N~ith ~U la~ onlinances, reRulationa, ooveaanta, coaditiow snd restiictiona aliectin the premi~ee, and not w sutter or pernut u?y, vi lation thcrc~t; (e) Lo allovr 111ottRa~ee to inapect the ~remisee'at any reasoaable time;~n not to commit or permit any xaste or deten~tirati~ n ot the p?~- (R) and to do aay act or acta, al! io s t imely nnd proper manaer. vrbicb trom the cl~aractu or use ot the p~emisee, m~y ba *auoasblY ~Y ~ W'atect aad preeetve said premisca the apecrfic eaumeratione ~?crcia not Gmitias the geaenl. 4. To pay whea due~ and ~rithout requiring any notice trom MortsaRce. aU taxes, a~nents ot any type ar nst~ue, and otber c~ kvied or as~eeed ~ainst the premis~ hereb7 encumbered and produce oeoeiQts tbarefor upoo demand. If tsx depoaita arerec~u~ired p 111ortRa~e,+e in sccotdance with 111ort~agor'a Covensnt No. 8, I~iottga~?r's pnmary liability tor tsxea aa hetein st~puWted shaU remain in tull force s~d cPfect us herein prov~ded, althouah t6e provieions ot aad l~t a~entioaed oovenant shall sovern aa W dep~sits and pay- mentather+efrom by \iort~agee._ . _ . _ . _ _ _ . _ - - - . • 5. To teep the building and improvementa now standin6 or he,reatter erected upon the mott;a~ed premiaes ind any and all eppa»t~+a. 6xtures and ap urtenanc~s non or hereaiter in or attached to ssid buildinga or improvementa tnaured agsinst loas or dama~e bY bre and such other eu ~iortgagee msy irom time to time requin, ell such insurance to be in forms, in companiea and in suma (not less tMn suR'icient to av~oid any c4im on the part of the insurers for co-insurance) satistactory to rSortqaRee; that all insursnce p'~liciee ehaU be held by ~nd s6a11 bs t~r the beaeGt of and 6rst p~ysble ia eaee oi laes to 1?iortgagee, aad the?t at [east 6fteen daya betore the [ ~lp~rstion ot esc6 auch policy, s new and auf6cient po6oy to taka the OI ~YlQ QI1E s0 8X(MTI[IS 6htII bE t~ELYCfCd LO MOilai(SCB. r~or t~erebY aeaiRns to Dlort~a6ee aU moneys reooverable uader eac such ~Y. ac?d s~rees tlut ia the event ot a loas the unoun~ coi~ect,ed unJer any policy ot in~w~ance oa said prop~rty may. at tbe optioo of t6e ~agee, be applied by 1liortaaaee upon any indebted- ness and/or obligaUoa eacured hereby snd in such ~nier as l~toctl~eqet ma~y determine; or aaid amount or anyp~rtwn thereot msy. ~?t the option oi MortRaRee, either be used in replscing, repairing or restonn~ the improvemente partialty or totaUy destcoyed to s eondition . satiafactory to Mortga~ee, or be relei~ed to ~fort~agor, ?a either or ~ hich events the ~lortgagee ehaU not be obliRatecl to soe to the proper app6cation t?kre~f; nor ahall the smount so rde~ued or ueed by deemed a psyment on say iadebtednees aecured hereby. It is furtber aK~ed that upon toreelosure ask the title to aU inaurance hetd bq or [~t biortqa~ee shail p~e to the foreciasure purch~er, and 211ortgagee is emp~wered in the name of Mortgagor Lo execute any inslrumenL Mrt?ich may be neoesssry to veaL the title to such iasurance tn such forecMaun purc6aser. 8. If required by r~ort~oe, Mort6sgot shall aleo make monthly depoeits vrith Mortgagee, in s oon-inte~st bearina secount. tnqether vnth a~d in addition to tntuest and principal instaUmenta, of an amount equal to the t4res. aa~sments and l~OVemm~?W charqes w+hich may be levied or aa~eseed a~ainst the premisea. and insurance premiums next due. ~ea+ amount alra?dy deposited ~~retor, _ divided bv Lhe numbe~ ot montha to elapee ~xior to the date when auch taxes, as~esementa, Rovunmeutal chsrges and iaeucance premiums will beoome due a~d paYabk. Tbe smount of such ts.~es, a~sme~ta, sovemmentsl clu?cges snd irmuranae prem~ums. when unkaow-n may be estimated by MortRagee. Sueh dep~eita ahall be used by Mort6aRee to psy such tsxee, as9eeamenta. go~^ernu~ental charges and insura?nce premium~ when due Aaq iasufficiency of such acoounL to pay soch char~es when due ahall be psid by MorisaRor to Mwrt~Ca~ee on demand. If there is any detsult by Mort6s6or under any peovisioae of thia mortRa6e and 111ortRaRee declares all suma eecured huebY to be due :?nd psyabb. 11~ottaa~ee msv then s y sny funda m said sceaunt aqainst the indebtedness axured hereby,ia such aoanne~r ss Mortgagee may elect The enEosceability of t~oovenante relatias to taces, a~esments, ~overumee?tal ctuuRes aad insuranoe o0vera~e t~ia ot}?erwise provided shall noi be aRated except iosofu as l6osa obWp?tiom have been met hy oompliance with itis psrasraph- :liortgaawe msy [rom time to time at ita option waive~ and after sny such vraiver, reinstate. an or all provu~ons heceof reqwring auch E~ depo~eata by notice to MortRa6or in ~ritins. While any such vraiver ia in eRect btortgagor pay ta.ees, a~sments. Bovernmeatal charq~ and insursnce premiuma eu herein el9ewhere provided. - 7. To psy all char~es or debta and interest thereon whieh conatitute char6e,~ or liens of equal rsnk wit6 or have sny preterence or priority ovec the iien oE this martRa~e; all oosts. fces and expenxs, including cost of evidence ot title. ooutt . ts, res9oasble attorney's fees (not e~roeedins amount permitted by Iaw) incurred by Mortgs~ee in eniorcinq the provi9ion, of t6~t'n~tga~e. or ia defending or intervening tn any actiop alfectinq or purportin6 to attect any oE the properLY oovered by this mor~aaa, or the ptionty or validity o[ this mortEaae, w6ether brouaht by or a6ainst Mort6agor or Mortaa6ee. , ~ , t _ i 8. To promptly psy sU taxea and aeee~uner?ta asse~ed or levied un andby virtue of anyr'sta,te~ federsl Vr~nA ic~pal law or reau- Istion ~reaf ter pa~ed a6ains! Mortqsgee upon t6is mortga~e or the ~t hereby sseu*ed, 4S~ i~P~n. itq idtehs{ uader thia mortgsg~ provided however. that suc6 psywe nt ia not unlswful. io the event of the ~Ilss~e of an buch lsw o~`~tlwtion providit?s tor aoy tsx~ s~ameat or chsr~e which could not IxvviuUy be psid by MortRagor, ~ PA~"1~b~ eecured by thia mort6a~e ahall ti~renPoa become immedistely due snd payable at t6e option of Mort~agee. ~ 9. To npay immedistely, without demand, all sume of mocey sdvanaed ecpended by ~lortgn~ee Putsuant to thia mortaager vvith interest thereon irom t6e date of advancement untit repaid at the nte ~~*,~i~~ ) per aanum, a11 of wlrich sums ahall be secured hereby and ahall be payable fo:Wwich. lj~! i 10. Should 1liortgagor fail or refux to make any psyment or do say act which Mort~aaor ie obligsted Luew?der to mske or d°, at the titne end in the manner berein pmvided, then Mortgagee may, wit6out necesdty of no4ce or demsnd upon Mortgsgor. and ~rithou! i I releasinq Mort~agor from any obligaUon h~eunder: (s) make or do tbe sazne in auch msnner snd to suc6 extenL aa 1?ior msy deen? i sdwable and advance such aums ot mocey tor thst purpoee ae by M~ msy be deemedn~sssry .(b) PsY. Purc~ contest or ! compromise sny cL~im, debC, lien~ c6nrge or incumbrance w6~c6 ~d~rersely a~ect tbe p~+em+sas oovened by thie mortga6e or t6e lien or ~ validity of this mortsa~e. • • f I I. Any bre~ch or defsult by Mortg~oe under tbe pravisione d any MeiRnment ot Lea~~e, or I,eaeeR. d the preLti~es Riven as addi- ~ tional secunty for t6e paya~ent oi t6e inde tednas secured b~reby, o~ sn~? f Ware of Mort~a~or to [~ulli protect, insuro, and cause ~ continued pertormance_and fulfillment~( t6e terms, conveoante or provuions ia aa+d leaee(e) raquind to bc perfo or tu1611ed by the L,e~ee, ahsll oor~titute s defaulL heiennder snd st the o p t ion of M o r t~ s g e e all un p a id principsl and aecnud int~erest on the note aecured € by this mort6a6e shall~ notwithetandinE anpthinE in tbe note or in this mort6a6e t~o We oontr~ry. beoome immedistelY dus sn d pap a b k. ~ 12. It d~ault be made in t6e psyment of ,~ny in~tallnoent of peineipal or interest of said note or any part thaeof ~'hen dn~. or in ~ psyment, when due, of sny otb~ sum secured heteby. or in perfprmsnoe of any d Mor~g,~o~'s obligations, c~~!oRSnts or a~eementa hen- ~ under, all of tbe inaebtednees secured hereby shall become and be ia?medistdy due and-psyable st tbe ophon of 111ork~. without notice or demsnd wbich are henby exp~+eesly waived, ia which event Mort~agee msy avail itsdf of aUng hts and nmedies, st law or in g equity, and tt~is mortga~e msy be E~eclosed wit6.al!~y~hts and remadi~ aHoeded by the Vws of Floddu aad Mortgsgoc ahall p~Y all ~ caste, charaes and eapensea thereof. ~ncludin~s reasonable stiorney's fee. ~ l3_ In the event Mort6a~or shall, wnthout Mort6aRee'a written coneent, seU, convey or alienste the mortsalsed premise0. or any ~ part thereof, or any interest there~n, or d the titk t6ereto shsU become vested in u~y otl~r party thao M~rtaaEor in sny manner ~vhatr _ eoever. the note and obGgaeiona sxured by t6ia mortRase, irrespective of the matutity dates eacpreaeed tl~ere~n, ~t the option oi yiorl~agee, and wictwut demand or ootiee, st~all immediatelp beoome due snd paysble. r ` 14. In the event any parCY liabk for thep~ymeut ot tbe indebtednees secured hereb . or sny part thereof, 6ks a voluntarypetition in bankruptcy, malcea an aesignment tor the benefit of an~• creditor, or ie declared ban~p! or insolveni, or if a creditor's or debtor's ~ petition affeeting aaid prnpertY, 51ed purswnt to the provwons of tbe Bsnkruptcy Act, as amended, ia spprove~, or if the premises. or ' ~Y Ps*t thereot are pisced under tbe eontrol or ia the custody of any oourt. or d M a6a11 be made a partY to or ahsU intvvene ~ in sny action or procxedin~ aRectin6 the pnmisee or tbe title tbereto or the intereet o Mort;a~ee ander t6ie mort~e~ t6ea~ in either ~ or any of ~+ud eventa, Mort~agee msq, at its option, 6sve t6e same ri~hta snd remedies as if detau~t were made in tbe payment of tbe ~ note aecured hereby, or sny insuUment of priacipsl or interest thereoo, and shall Fwve the furtl?er riaht, st its optioo. to ap m and ~ defend und protect ~ts riabt md interest under any auch action or proceedioa, snd Mortqagor a~eee tops y~ upoo demand, ~oosta and ~ e~penses~ includin6 reaeonable attorney's [eea, which m~y be advanced or incurred by biort~ee, and all such amounta ahsll be s lien on t6e said premises aud secund by this mort6age. . ~ 15. Ia the event the premiees, or any part thereof, are•takea unde.r t6e power oi eminent domain, tbe entire award, both leaeehold ~ and reversion, but exceptin~ t}ut for M~aineee loeees to teneats or k~seea. a6a11 be paid to Mo , snd Mort~agee ia hereby empowered ~ in the name ot 11~ort~or to receive and 6ivescquittanoe for any avrud or judgment ren ineideat thu+eta, whether jo?nt or several. l~iort~agee may ppply all auch aums or any part thereof ao received, after the pay ment ot all of ita expenaes, includins costs and sttorney's fees, on the indebtedneas eecuied hereby in such manna ae i! ekcta, or, at ~ta option, the entire amount or my part tbereot so received ~ wsy be releaeed. 16. In the event 11lort~sgor t?ereafter eacecutea any leaae, or kaem, of aU or any portion ot the m premieee, rtorLqaqor, upon demend by :liortqag~ee, w-iq execute and ddiver to ~fortgaaee asei~menta ot wch kaee or leaeas as ad ~tional co~lstenl eecunty tor the payment of the iadebtedneae aecured by thie mortgs6e. ~ e~;~~ ~ . ~~~rV~il ~i ~ ~ - - , a - - - _