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HomeMy WebLinkAbout2534 MTG-1-A-4/23/73 Property at any reasonable time during the life of this Mortgage. (d) Mortgagor will promptly comply with all present and future laws, ordinances, rules and regulations of any govern- ' mental authority affecting the Mortgaged Property or any part thereof . (e) If all or any part of the Mortgaged Property shall be lost, damaged or destroyed by fire or any other cause, Mortgagor will give immediate written notice thereof to Mortgagee ' and shall promptly restore the Mortgaged Property to the e~uivalent of its original condition regardless of whether or not there shall be any insurance proceeds therefor. If a part of the Mortgaged Property shall be lost, physically damaged or destroyed through condemnation, Mortgagor will promptly restore, repair or alter the remaining property in a manner satisfactory to Mortgagee. (f) If any work required to be performed under this paragraph involves an estimated expenditure of more than one percent of the amount of the Note, no such work shall be under- taken until plans and specifications therefor, prepared by an architect or engineer satisfactory to Mortgagee, have been submitted to and approved in writing by Mortgagee. 1.08 Transfer of Property.- Mortgagor shall not sell, convey, transfer~, lease or further encumber any interest in or any part of the Mortgaged Property, without the prior written consent of Mortgagee, and any such sale, conveyance, transfer, lease or encumbrances made without Mortgagee's prior written consent shall be void. If any person should obtain any interest in all or any part of the Mortgaged Property purs~~ant to the execution or enforcement of any lien, security interest or other right, whether superior, equal or subordinate to this Mortgage or the lien hereof, such event shall be deemed to be a transfer by Mortgagor. Mortgagor shall not, without the prior written consent of Mortgagee, further assign the rents from the Mortgaged Property, nor enter into any agreement or do any act to amend, modify, extend, terminate or cancel, accept the sur- ~ render, subordinate, accelerate the payment of rent, or change ; the terms of any renewal option of any lease now or hereafter ! covering such property or any part thereof, and any such assign- ~ ment, agreement or act without the express written consent € of Mortgagee shall be void. ~ 1.09 Further Assurances. At any time and from time to time, upon Mortgagee's request Mortgagor shall make, execute ~ and deliver or cause to be made, executed and delivered to Mortgagee and, where appropriate, shall cause to be recorded ~ or filed and from time to time thereafter to be re-recorded or refiled at such time and in such offices and places as shall be dzemed desirable by Mortgagee any and all such further mortgages, instruments of further assurance, certificates and other documents as Mortgagee may consider necessary or desirable in order to ~ effectuate, complete, enlarge or perfect, or to continue and ~ preserve the obligations of Mortgagor under the Note and this ~ Mortgage, and the lien of this Mortgage as a first and prior ~ lien upon all of the Mortgaged Property, whether now owned ~ or hereafter acquired by Mortgagor. Upon any failure by Mortgagor to do so, Mortgagee may make, execute, record, file, re-record ~ _ or refile any and all such mortgages, instruments, certificates ~ and documents for and in the name of Mortgagor, and Mortgagor hereby irrevocably.appoints Mortgagee the agent and attorney-in- ~ fact of Mortgagor to do so. - . The lien of this ~ 1.10 After Acquired Pro~erty Mortgage will automatically attach, without further act, to ~ ~ ~y ~ !5S ~ ' !a`~ ~ ~ ~ ~ ~ LI t.n ,x : ~ - ~ .f ` ~ ' i ~.~.r_~a.te._~.. L _ ~ . ~ , . . y 9`?S: v. ~95~