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Home My WebLink About2509 r - ~ ~ ~ .1~ ~ { . i ~ i - ~ ~ ; I f , . • ~ . - . , . ~ ~ ~ ( . . 3 ~ ~ , I ~ . i , ~ t TOG~TSER v?ith all right, tide and interest of the mortgagor in and to t6e laad lying in the atreeta and roada in tront of and { adjoining said premiaes; ~ y i ! ~ c { ~ . ' ~ 1 ~ } . ~ l C AND the mortgagor covenants with the mortgagee aa follows: ~ 1. That the mortgagor will pay the indebtedneas as hereinbefore provided. ~ 2. That tbe mortgagor will keep the bnildings on the premises insured against loes by 6rc for the bene5t of the mortgagee; thst he will assign and deliver the policies to the mortgagee; and that the mort$agor will reimburee the mortga8ee for an7 P~' miuma paid for inauraace made by the mortgagee on the mort$agor's deisult in so insuring the buildings or in so assigning snd ddivering the policiee. ' ~ - 3. That no bnilding on the premises. shaIl be altered, rrmoved or demolished_ withont the conaent of the mortgagee. ~ 4. That the v?hde of said principal sum and. intereat shaU beoome due at the option of t6e mortgagee: aiter default in the ' payment of any instalment of principal or of interest for fifteen days; or after defaWt in the payment of any taz, water rate, s sewer rent or a~ssmeat for thirty days after notice and demand; or after default after notice.aqd demand either in assigniag ~ and ddivering the policiea insuring the buildings against loss by fire or in reimbursing the mortgagee for premiua~a paid on auch insutano~ as hereinbefore pmvided; or after defaWt npon requesi in furnishing a statemeat of the amount doe on the mort• ~ gag~e and ~rhether any o$aets or defenses eziat againat the mortgage debt, as hQreinaEter pmvided. An asse9sment which has been { made payable_in iastalments at the application of the mortgagor or lessee of.the premises shall neverthdesa, for the purpoee of ~ this parsgraph, be deemed due and payabk in ita entiretq on the day the 5rst instal~nent becomes due or payable or a lien. ~ 5. That ihe hdder of thia mortgage, in any actio~ to forecloee it, shall be entided to the appoinpuent of a i+eoeiver. ~ 6. ~at the mortgagor will pay all ta:es, a~ents, sewer rents or water rates, and in deiault thereof, the mottgagee msy PsY the aame. ' 7. 'l~at the mortgagor within five daya upon request in person or v~rithin ten daya upon request by mail will fnrnish a ~ writta? statement duly acknowledged of the amount due on ihis mortgage and whether any oBaeta or defenses e:iat against the ~ 1 ~ ~~B~e debt - 8. T6at notice and demand or reqneat may be in writing and maq be eerved in pe~eon or by mai1. 9. 17sat the mortgagor warrants the title to the premiaes. ~ 1 10. T6at the mortgagor will, in compliance with Section 13 of the Lien Law, receive tLe advanoes secured hereby and will hold j the ri~t to receive sach advances as a trust fund to be applied 6rst for the purpose of pa'ing the cwet of the improvement and ~ ~=pply the same Srst to the payment of the oost of the i~pt+ovement before using any part of the total of the same for any ~ Purlwx 11. 'lbat the 5re inaurance policies reqnired by paragrapb No. 2 above shalt oontain the usnal extended coverage endoraement; ~ _e ~ that in addition thereto t6e mortgagor, within thirty days after notice and demand, will krep the pmmises insured against war riek aad any other haZard that may reasonably be required by the mortgagee. All of t6e pmvisions of paragrap6s No. 2 and ; No. 4 above relating to. Sre insurance and the provisions of Section 254 of the Real Property Law oonstru~ng the same ahall i applp to the additional insurance required by this paragraph. ; ~ 12. That in case of a sale, aaid ptemises, or so much thereof as may be aSected by this mortgage, may be sold in one parcel. ! i 600K ~ P~GE ~~vv~~ ~ .,~~s ~ , _ ~:~,-~s.~ : ":3 ~ ~ ~F ~ ~ z=- r ~ _ ~ _ - ,