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Home My WebLink About0639 • •r , l. Ths mortsasac oovenanb aqd aarees a~ follow~: s. He ~iU promptly pay tLe indebtedne.s evideaced by s+ud pmmi~wry note at the Waa aad in the manner tLe,ttin prorided b. He will pay all tases, aa~ewmenta, ~vater ntes, and other 6overnmentaI or municipal charae~, fine~, or impositions, for which provirion ha~ not beea m~de hereinbefore, and will promptly delirer the oBcial re~eipb t6creEor to the said mortaaaee. c. He will pay auch expennea and feea ae may be incurred in ihe protection and maintenance oi said pmperty, including the feea of any attornep employed by the morigagee for the collection of any or +D ot the indebtedneae hercby eecured, or for foreclosnre by mort~aRee'e tiale, or couct proceedinRe, or in any other . litigation or proceeding aRectin~t said premieea. Attornepa' feea reasonably incuned in any other wa~• ahall be paid by the mortgagor. ~ d. For hetter aecucity of the indehtedneas hereby aecured, upan the request of the mortgagee, ita sua ce~eocs or aaai~ns, he ahall ezecute and deliver a aupplemeatal moriga6e or mortgagea coveting any additioaa. improvementa, or bettermenta made to the property hereinabove described and all property acquired by it after the date hereol (a11 ia torm satiafactory to mortgagee). Furthermore, ahould mortgagor fail to cure any default in the pa~•ment of a ptior or inferior encumbrance on the property described b~ thia inatrument, mortga~or hereby a~reea to pe~mit mort~aRee to cure such clefault, but mortgagee ia not obliRated to clo so; and auch advancea ahall become part o( the indebtedness aecured by thia instrument. subject to ihe same terma and conditiona. The ri~hta created b~ thie com•eyance ahall remain in full force and etfect durinR an} poatponement or extenaion of the time oi payment of the indebtednes.a evidenceJ b} said promisson• note or any part thereof secured herebv. . J. He will continiwusly maintain haaard insurance, of euch t}•pe or h•pea and in such amounts aa the mort~agee ma~ from time to time require on the improvemente now or hereaiter on eaid property, and will pay prnmpdy when due any pt+emiums therefor. All insurance ahall be carried in companics aooeptable . to mort~agee and tl~e poGciea and renewala thereof ~hall be held by mostgagee and have attached thereto loss payable clanses in favor of and in form'aceeptable~to the mortgaaee. In evept of loa~, mort6asor wrill pve immediate notice ia writina to mortaaaee~ and ~nort~a~ee ma~ malce proof of las if not tna~e ~rro~npd~ by mo ~ r, and ach insuranoe compmr ooncerned is herebr anthoriscd and directed to ~qsake pa~ent for such , ~loes~~ ~tl~ to mort~a~ee instead of to mortaaaor and niort~aee jointly, and the inanranoe ~rooeeds, pr an~ part thereof, ma~ be applied b~ mortaaaee at ita option either to the reduction of the indebtedne~s henby secnred os to the restoration or repair of the prnperty dam~ or de~trnyed. In event oi foreclosnre of tLis mortgage, or other tnnsfer of title to said property in e:tiagaishment of the indebtedneas eecured hereby, all riaht, tide, and interest of the mortgaaor in and to any insurance policiea then in force ahaU paa~ to the purchaser or mortgagee or, at the option of the mort~agee, may be aurrendered for a refnnd. ' g. He will keep all buildin~a and other improvemeats on eaid propertq in good repair and ooaditioa; j will permit, commit, or auHer no waste, impairment, deterioration of said property or any part theteof; ~ in the e~~ent of failure of the mortgagor to keep the buildinga oa eaid premiaea and thoee erected on eaid premises, or iniprovements thereon, in good repair, the mortqagee may make sach repairs aa in its diacretion it j may deem neceasary for the proper preservation thereof; and ~he full amount of each and e~ery such payment ~ shall be immediately due and pa}•able and ahall be eecured b~~ the lien of this mortga~e. I ~ ~ h. He ~+ill not ~•oluntaril} create or permit to be created aRainat the property aubject to thia mortgage ~ an}• lien or liens inferior or euperior to the lien of thie mortgage without the written consent o[ the mort- ~ ~a~ee; and further, I~e will keep and maintain the same iree from the claim of all persons eupplyin~ labor or ~ materiala for construction of any and all buildinRa or improvemente now bein~ erected or to be erected on ~ said premises. ~ i. He will not rent or aaeign any part of the rent of eaid mort~aged property or demolieh, or remove, ~ or subetantially alter any building without the written consent oi the mort~;agee. ~ j. All awarda of damagea in connection with anp condemnation for public uae of or injury to any o[ the ~ propert} subject to thia mortgage are hereby aaeigned and shall be paid to mortgagee, who may apply the ~ same to paymeni of the in~tallmentE Iast due under said note, and mort~a~ee is hereby authorized, in the ' name of t1~e mortgagor, to execute and deliver ~alid acquittances thereof aad to appeal from any auch award. ~ k. The mortga~ee ehall have the riFht to inspect the mortgaged premisea at an} reaaonable time. t ~ ( 2. Default in any of the co~•enants or conditions of thie instrument or o( the note or loan a~rePment secnred 4 hereby ehall terminate ihe mortRa~or'a ri~ht to po~gesnion, uae, and enjoyment of the properi~-, at the option of the ~ mort~agee or hiR assi~ns iit bein~ a~reed that the mortgaFor shall ha~-e such right until default). Upon am• auch ~ default, the mortRa~ee ahall become the okner of al1 of the ren~g and profita accn~inR after deiault aa aecurit~• ~ ~ for the indebtednesa secured hereb~-, with the right to enter upon said propert~ for the purpoee of collectin~ euch ~ ~ rente and pro6ta. Thia inatrument ahali operate aB an aaeianment of any rentala on said propert~ to that eitent. ~ ~ J I ~ ~ f t , . . ~ _t f~~ VL~J ~ x ~ ~ ..z_..:, _F.... ~ s== ~ . _ ~