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Home My WebLink About1732 I'ri~•it~~rs, if any, tu prrpay all or any part of s:?id mortgage debt, exccpt suc}~ :~s may be containe~! hcrein, are ' t?ereby tenninated, A1~YD the Mortgaoor covenants ~vith the 1liort~agce as follo~vs: 1. Thc 11Zortga~or will pa?y the indcbtedness, as hercinbefore provided. 2. Tlie 1~lortgagur ~vill keeP the buildin~s and impcovements no~v on c~rcatter eic~~tcci un t!!c ~l~urt~a~cd . pre~ui5es and all fix:ures and arucles of p~rsonal pro~xrty covered by said mortgaac iusurcd agai~s~t loss and clamagc by fire and by such otlier hazards as thc Mortgaoce may rcquire, in amou~its, ~vith ir?suirr; and undcr fom~s of ; policies (includin~ standard mortgagee clause unless othet~vise rt~uired) satisfactory to the Atortgagec; ~~•il! dcli~•c: all such policies and, at least 15 days prior to their eepiration dates, all renewals thereof to llic :1Zortgagec; and ~vill pay all preiniums thercon. The 11Zort~agor will not permit any condition to exist on s.-?id prcitiises which would j whollf or partiaily iu~•alidate the insurance thereon. The Tiortgagee may on bchal! of the Diortgagor adjust aud coiuprocnise any claiuu under sucl~ i~surance and collect and receive die procxeds thereof and is t~erei~y irre~~ocably appointecl attorne~•-in-fact of the Mortgagor for sucl~ purposes, and may deduct fcom s~ach procceds ai?y expense sn ~ncuurct by it, and may at its option either apply such proeeeds in reduction of the debt sccured by said mortgage, ~~•hetl~er the~i matured or not, or relrase such proceeds to the Mortgagor ia whole or in part up~n conditions satis- ; factory to the I~iortgagee. Upon any default under said mortgage al! of the Mortgagor's rig?~t, title and interest ` in and to all such policies are hereby assio ed to the Mortgagee, including unearned premiums on sucti policies. 3. The \~Iort ;agor «ill not cause or permit any building or improvemcnt upon the mortgaoed premises to be - rcmoved, demoluhcd or structurally altered, in ~vhole or in part, or any fixtun or article of personal property covered by said mortgage to be removed or destroyed, without the prior ~vritten consent of the Mortgagee. The D'Iortgagor will not abandon said premises or cause or permit any ~vaste to the buildings, improvements, fixtures or articles of per- soi~al property co~•ered by said mortgzge and ~vill at all times maintain them in a reasonably good condition, and ~vill cumpty, and cause all occupants of said premises to comply, ~+-ith all la~vs and ordinances relating to the maintenance or use of said premises and with all rcquirements, orders and notices of violation thereof issued by any governmental department. fhe \iortjagor will pay all license fees and similar municipal charges for the use of vaults or other areas now or hereafter used in connection ~vith said premises and ~rill not, unless so required by any go•rernmental agency ha~~ing jurisdiction, discontinue such use t~ithout the priar ~~zitten consent of the Mortgagee. ~Yithin 6U da~~s afttr noticc and demand by the 1liortgagee the 11'Ior~agor ~vill restore or repair said huildi~~Qs, impro~~ements, fixtures and articles of per~onal pmperty as spesifieil~iri'~HCh notice and demand. The 1rlortgaaor ~vill permit the ~tortgagee and its representatives to enter said premises at reasonable tinies to inspect tlie same. and in caze of any de;ault under this paragraph, to enter said premises to protect, restore or repair any part thcrcof. Thc bsort~a~ec may, at any tiine, cause a survey to be made of said premises by~Dq3tm~DCOE~3iec3c6o][S~rno~ttl~9[9cnNCOf~6dDe ~~~~¢~}~~~c~~}I~~cX~~, not employed by the I~iortgagee, W determine the nature and estiitnated cost of the maintenancc required hereunder and not performed, and a wntten report thercof shall be furnished to the ~Iortgagor. Tl~e b4ortgagor hereby admits that the security of said mortgage, is impaired if such estimated cost shall esceed ;"o of the principal indebtedness secured by said mortgage as hereinabove set forth, and in su~h event, ~~ithout lirnitina Diortgagee's other remedies hereunder, and ~vithout relieving Mortgagor from its obligation to perform such mainfeaance, (i) an amount of the debt secured by said mortgage equal to the amount of such estunated cost shall at the option of the ~iort~agee become due and pa~•able upon 30 day~s' written notice to ti~e Mortgagor, and (n) the cost of the aforementioned survey shall be paid by the Mortgagor to thc Mortgagee on demand and be secured b~- said mortgage. If the estimated cost of niaintenance shall not e~ceed °fo of the said indebtcdncss, the 1liortga~ee shall pay the cost of thesaid survey. ~an itldiVidUS1 appraiser . 4. The Mortga~ce, in any aciion to foreclose said mortgage, shall be entided (without notice, without regar3 to tlie adequacy of any security for the debt and ~vithout re~*ard to the solvenry of any person, firm or corporation liable for the pa~zncnt thereof ) to the appointment of a receiver of the rents and profits of said premises. 5. The Mortgagor ~vill pay all ta.~ces, as~sessments and water and sewer rents upon the moitgaged precn~.,es and azticles of peisonal property co~-ered by said mortgage, ~sithin 30 da~5 from the date tl~e same become due and payable. The ~~tort~a~or ~vill pay any installments of any assessments made against said pr~mises for local improve- _ ; ments witl~in 60 day~s after notice and demand by the Mortgagee notwithstanding the same ma~+ not be due and pay-able at the time of sucli notice and demand. The Mortgagor will exhibit to the 141origagee within 10 days aft~r dcmand receipted bilis or satisfactory proofs of all such paymeats. ~ 6. The 1liortgagor «~ithin 3 days upon request in pcrson or within~l0 days upon request by mail will furnish a duly acknotivledged ~vrittcn statement setting forth the amount of the debt secured by said nortgage, and stating ~ eithcr that no offscu or defenses exist a~ainst the mortgaoe debt, or= if such oftsets or defenses are alleged to exist, ~ the nature thereof. ~ 7. l~otice and demand or request may ~e made in writing and may be servcd in Fcrsou or by mail. ~ ~ 8. 'The 111ortga~or ~rarrants the titlc to said premises and to the fixtures and personal property covered by said ; mcrtgage. - ~ 9. It~ case of sale under fozeclosure, said premises, including the improrements, fi~tures and articles of personal ~ property co~ ered by said mortgage, may be sold in one parcel. ~ l~J. If thc I1lortga~or be a cerporation, it is duly organized and prexntly existing aiid this agrecment has l~eeii - executcd by authorit~• of its board oE directors and «ith such con~ent of iis stockholdcrs as is requirec~ U}~ iis certificate ' ~ of incorporation. ~ I1. If at any t+me the then eaisting use or occupancy of the mortgaged prr.mises shall; pursuant to any zoning or ~ other la~., ordinance or regulation, be pecmitted onl~• so long as such use or occupancy shall continue, the Mortgagor - will not cause or permit such use or cecupaneg to be discont~nued ~vithout the prior wntten consent of the 1liort~agee. 32 :~:]'i.~alFi~~itiif ~n~'~riXc~~dir}~g~~~oriidie~t'icec~~:b}:~~if~t}iHo~C~l~inf~ae;.~i~liic}i2(y~n}~ci,o4~`E~~e~Ib~%~i~{ ~iibfif~~T;~afft'c~t3~i I~'3~d':pi~nt~~o3~}~i~}Iie~k~{~+i7~~;~?~,~$c~}!i~?~d[~~'~~~~~X~~]~~{i~la~~~!~~~ak~~x~i~.~3~ " j~~i}I~CZsi~1~id~~~~~.~u~,~,•u~~v~~~?°~~~}k-~ ~~~~~k.. x?~f:?~~ x~~~~~ . a . . . ~ . . - ]~~?~~~;~~~X?}t~~~:~T~Pii?~?~ki~«S~~'~~~?~9t9~5~~~'~' . ~ , , -S~'~4t~~~~X`~tf? , h~~. ; : ~~iE~3C:~t:~ ~ Jfa~ccss~clS~~~~wrn'~~bn~~r~}i~~ac~e~I~j~.~a~C~~(~~~fa~~}a!t}it~',h~bit'g~~a''g~f~'c~S`,f$~c)QS~~~~a r`.~~o}i. "~k~~ - `f3 l~c's~tuYe~~~~~i~:~nt?~tg?~$:Y. SE., RIDr R A - ~Y~~`lYc StftSiY~-:igoiti~~`ietei~'e~'t}iir.3t3~'.~3'c~'~ie~e~iiode~!§i~i~~~I;~Eo~ie.,~ft'(~t}"t3[rYd'~;}e~~~on7~~+~{Sc~'tioK?l~i7dt't~! y~° k~~ii _ 14. After any default under said mortgage, the Tiortgagor shall, on demand, surrender posscssion of said prem- ises to thc Aiort~agec and hercby consents that, at any time after such demand, the :~iortg. gec may enter upon s~1id ~ . ~ { ga~222 P~fi?~i _ ~ _ _ ~ ~ _ , _ _ _ _ . . . . . . . . ,~~F,