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Home My WebLink About0359 3. T.~ pay all a;~d singular ct~c t:~x.•::~ a:;:.rc:ercnta~ levic3~ li:~bilities. ob~if;~tions Rnd er.c~t.~hcance5 oi every tiature on aa:.3 d.scr3bed property, e•ach ~nd ev~ry. b~- fo:c thcy b~•coce delinqurnt n~id no later than ~U day:~ after the 9ilTaP sh.1~l s~~•rral- b.•coac due and payable according to lav. and if cli~ a~un~ ::I~all not be pron~ptly Fsi3 S~L~ r~~y at a»y ti~~ eilher befare or afler dclinquency p:~y the same without w.tivinF or affcctin~ iCy option to forecluse, ur any rlp,l~t hereundcr ~nd every g.:)Taer.L su madr shall bear intereat from thc date tliercof at the ratc of Ten (lOX) gercent pcr annum. 4. ':o de~iver to g~~,~, on or before Apri2 lst, of each year, tax receipts eviden- cin~; t;~e pay~rents of all lawfully imposed taxes f~r the precedi:ig calendar year; Lo deli~?er to giL~ receipts evidencing the paynei~ts of all liens for public im- j: cve;.~nts w;thin ninety (90) days af ter the s:~ae shall becor.:e due and payable, ~r.~ :o pay ~r discharbe within ninety (9U) days after due date any and a21 govern- ~e^tal levies that may be made on the aortgaged property, on tf~is c?ort~a~e or .^.~te, or in any other way resulting from the r~ort~age indebtedness serured by :his "ortgaoe. 5. To fuzaisn tu S~.n policies of hazard ins~rar.ce on the building and all equiTr.nent a::a perso:.al prorerty now or hereafter on said premises covered by this mortgage; that such policies of hazard insurance shall be placed ~rith cor~panies and in a~ounts approved by S~.r~., but it is hereby stipulated that the mortgagor shall have reasonable freedo~n of choice in the selection of the company or ca.npanies •.:th ~:aon the ir.surance is placed such insurance shall be carried in amounts ~:~ich S~,A ~ray dee~? suffic=ent for its co:aplete pYOtection, but in no event shall _r.sura::ce be carried for fire in an a~eunt less than the principal sum of this -ortgaga (hazard insutance shall be defir.ed as bein~ insurance against loss to t`~e physical progerty described in this rortga~e ar.d/or loss or financial, or Yerso :;,1 ic~pair.nent of the r..ortgagors fror~ fire, windstorm or any cause M~h~tsoever c:::erei~ suci~ loss or imFaiment could affect the securit} ef this mortgage)~ s~.:c o oolicies of liazard insurance shall ~e delivered to ~r~ one full business da~ ?:~or {iF not a legal holiday, ar.d in t*~aC e~ent, one day prior to sech 2e~a2 ':olida~) to the e:,piration of ex±sting insuranc~ gailure on tt~e part af tt~e ~ ortgagor to deliver to the ~+ain office of SI;~ such po2icies of insurance ~i~all co::sti:ute a hreach of this mor:sage and at the option of gl~}p , the entire ~aount o: tre Frincipa2 ar,d interest due *aay ir.asediately r.iature, an~ 5;,~ i~edia:ely ~nz cJi[?;out notice rnay isstitute proceedings to foreclose this ~!ortga~e or at t~:e optiuz~ of S:~SA, palicies of hszard insurznce ~.~y be placed by g~ in amounts 2::~ in cempanie~ selected ~y S:r.~~ for its protection, and th~ morCRagor covenants a^d agrees that the pre.-nium or charges for such ha2ard insurance is to be pa~d to t':a ir.surir.g co~p~n?es byS~SA and such premiu~ or charge so ~dv.-enced shall be pa~~ to S;~1~~ by the mort~agor as a part and cor.dition of this mortgage.T he pol:cy or polic~es sha2? be held by SN1~ and shall be made paSable to S~p by having attached or contained in the p6licy or policiPs ~Sew York Standard Mort~age C2ause tirithot~t contribution ma~cing loss or losses ur.der said policy or policies, each ar.d every Fayable to S;r~, 2s its interest nay appear; and in the event ~ny su~ of ~o^ey becoTes F~yable under such poZicy or policies~ S,~,a sha2.2 have the o~tian to receive and apply the same upon the pa}r,.!ent or payraents ]ast pzy2ble ~ ca ^er*±f r_!*.e N!ort aeor to receive and • o^ the inde5tedness ner~Ly scc~r~.., a: g„ use it, er any part thereof, for other purgoses, wttr,out thereby k~iving or ir~- rairing any eeuity, lien or right under and by virtue of this raortgage, he placir.g of such insur.znce and the paying of the pre:~iu~s of such insurar.ce or 2ny part thereo: by S:-SA dces r.ot w2ive or affect the option of Sv~ to £oreclose or ar.;~ ri~ht heresnder ar.d each snd every payment of insu:ance so ~ade shall bcar ia[erest fror~ date of pa}r~ent thereof aC the rate that the r..ort~age rote hereurt~et- bears. If S.'•1~ acqui.res title to t!~e propert~ hereiriabove described by fore- clo~ure proceedi::~s . or atherWise, any unearned pre*~iu~s on any '~azard insurance ~overing t}ee property and i~el.d by S,iA 2re hereby assigned to ar.d shall betong to S:~.li. If at any ti~*e ~vring the lien of this mort2age any ir.su:ance pol~cies s~a21 be cancel2ed ar.d returned rreaiu~s ~vail~bl.e, these zeturned pr~iu~:; shall at the opt~on of S'!A be credited aga:nst the ir.debtedr.ess secured here~nder. 6. In the event ar.y Zesses sf.a?? be palaSZc on any insu~ ance golicies of thc c~isea preaises on the eSuipnent ar.~ rcrso:.~? prapert f tt~ere~a con~ajr.e~'. ,[~:e xo: t:~;~~;or and all s~~ccessors in t2tie ali persui:q ncw or ~t@i 2ai Ccl' (:J1 ;l.lb ir.f~~ i~~~ ':r.r.S ~i•~> d::+*2~ed 2:.d!~.r,desiroyeri pror^rt~• h~re5y ::~n~jirr ±1~c ho2clr•r hereof ~;.,er.l ?nd a.*_toxney-i_:-fact to e~r.arse strch groce~ds ~rerk o: ~r~tt or checks or ~raf~s for Lhe ~er;:o~e. ~C thc o~tlon af the cortb~gze, of apt~l~.ng thc~ ~bainst ~he pr2nci;,a1 ~r.d irteresr: c:ue on the pro~i~~~ry nc,tc> sectired '~e:-eby. 1. To pert!!c, c~~+ait ~r su:!~er r.o c;aste, i~peirr~en[, :t~EI1~GIl~:Pi1C or detcrioratien ci said nreperty or anv Y:::t thc~ecf, a:d Ljr.~i :~:e _~'_lure of ttie t':ortga~or to 'r.~ep t':e buj idinEs or. sa:d ~rape;ty i:~ ~cod ce~na i! fo.^, ef renair ~ S;S11 .y de:~.~r.d Lhe '_r.~^e:li.~te repa_r of ~zid t:~:2dings, or en zr.cre~~se i.;i tise ac~~unt a: sE-c~rity, or thr_ ir-ediate xe~a}~ner.L of tt~e Ce'~t ~h~~eby secured, ar.d r*~c failurr o~ t~:e Y_ortRa?;cr :.o corp'_v v;th s.:'d .'?=~~r.d c: 5:~~ , for ~ per'o~' of t!~<_zty (30; c: rs~ ~•`:~I1 co:st:.ute a breac:~ of tt:i~ r~r:~F~e, Fn3, at ~t:e optian ~f StiL:,~ `r_:~~:,'.;,te- Iy e:sture_ the enclr~ ar..o~::.t of prl~ciF~.'~ Eiiu {^terest herc~y secu~ed, a^c: S:'_~ . ~ ` ~ ~ ~ ~58 eU6K } _ _ _Y_ _ _ . . - _ - . . . ~~~x.