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Home My WebLink About0236 I ~ '.~:L ~ ~ ~ ~ t ~ i ~ ~ 1. Tbe co~e~a aad ? arortp~Oe ~ew+ ~ leUan ~ s. He ~riU promptlr Pq the indebtedne~s evideaoed b~ ~aid praaLwry note at the time~ ~nd in tLe ` a~~nner therein prorided . . . ~ b. ~s wi11 pap aU ta~ a~asment~, ~ratet rates, and other 6o~ernmenta2 oi man~dpal char~e~. 5ne~, oe impoaitiau. for ~rhie6 pra~idoa lw not bsea made 6ereinbefore, and will prompd~ deliree tLe o6cial reoedpts ~ t6arsfor to the ~aid morta~~ee. ~ c. Ae w111 pay such expenses and fees as may be incurrcd in the protection wd muntenance of said ~ property. including the fcea of an~~ attorney employed by the mortgagce [ot' the oollection o[ 'u~y ot all ot ~ the indebtedaeas hcreby secured, or [or torcclosare by mortgaaee's sale. or court prooeedInp, o~ in any other 4 litigation or ~roceeding aBeeting aaid ptemiees. Attorae}s' feca naeonably ineurted in any other way ahail be ; paid by the mort~aaor. ' ~ , d. For better recuritr o[ the iadebtedaas hereby secured. upon the nquest o( the mor~aee, ib wa cewocs or ~ssi~u. he shail execute and de4ver a suppkmentsl mo~ctg~e or mortg~~s cov~rin6 any a~dditiop,s, imprnvements. or bettermenta .made .w the pmperty henein~bove deaeribed: and ail property acquired by it atter the date herpot (all in torm satiatactorp to mortga~eej. Furthermore. ~hoqld mort~~cor ~ail to cure any de[ault in the pa~ment of a prior or inferior e~cumbrance on the pmperty deacribed by this instrument, a~ortga~or 6ereby aRrees to permit mortga6ee to cure such de[sult, M~t mortgagee is not obliRated to do ao; ' •nd such advancea ahal! become part of the indebtedneee eecurcd by thia inatrument, aubject to the same , terms and conditiona. : e. The ri~thb created by t~tia convevance ahall cemain in full force and eHert dutin~ any poetponement ~ or extensioa of tl~e time of payment oE the indebtedneas eridenced by aaid ~romiesory note or any part thereof ; ttcured hec+eb~•. He will continuouely maintaw hssard insqr~noe, of sucb type or typea and in euch amoanta aa the mortKaRee ma~ from time to time reqqire on the improvements now or hereaiter on eaid property, and ~viU pa7 Prompdy when due ~y preminms thenfor. All insnraaoe ahall be carried in companiea aeoeptabM to mortaaaee and the policies aad reaewaL t6enof ~hall be held by mortaaae~e and have attac~ed thereto ` loes payable clan~e~ in favor of and in fonn aooeptable to the mort~a6ee. In aveat o[ lwe, mortaaaor wiU aive immediate notioe ia rrritiu6 to mortaa6ee, and mo»aaaee may malce ptoof of lo~s if not mada prompd~ b~ mortaa~or, aad each insur~nee eompan~ ooneerned is hereby authorir~ed and directed to make pqment for aich ' lo~s die~ectl~ to ~aortaa~e in~ad of to mortaaaor and mortaa~ jointly. and t6a inrarao~oe pcooeeda~ or an~ pact thee~eof, ma~ be applied by mort6aaee at iti option ather to the e+ednetion of t6e indebtedn~as herebJ? ~ ~eeured or~to t6e iestoration ~or np~it of t6e pmperty dam,~ed or de~troped, In event of Ioceclo~ara of t6is ' mortaa~e, or other tnnsfer of titk to ~aid propectp in e:tiu~ishmeat o[ tbe iade~ted~ ~ur~ed bQreb~r, au ri6ht, tide. and interest of the mort~asor in ~tnd to any iasnranoe.polities then ia foroe ahaD pas~ to tbe purchaser or mortgagee or, at the option of the mortgage~ may be aurrendertd fot a refnnd. < g. He will keep all baildings and other improvementa on esid property in good repair and oondition; $ wiil permit, commit, or suBer no waate, impairmeat, deterioration of e~id propertr or any put thereof; in the event •of faiiure of the mortgagor to keep the buildinp~ on esid pteinises aild thoee erecied on said premieea, or improvemente thereon. in good repair, the mortgaRee may make auch repaire as in iL discretion it may deem neceasary for the proper preservation tLereof; and the [ull amount of each and every anch paymeat shall be immediately due and payable and ahaU be eecured by the lien of thia mort~a6e. h. He wiil not voluntarily create or permit Ro be created a~sinst the property snbject to tl~ia mortaage any lien or liens inferior or saperior to the lien of thia mortgaae without the written coneent of the mort- ~tagee; and further, he wi11 keep and maintain the eame free imm the claim of all persons supplqin~ labor or 3 materiala for conetruction of aa} and all buildinge or improvemente now beinR erected or to be erected on said ptemis+ea. i. He will not rent or seaign any part of the rent of aaid mortgaged property or demolieh, or remove, or substantially a]ter any bailding without tLe wriuen coneent of the mortgagee. j. All awud~ of dam~ges in oonnectiob with any candemnation (or pablic use oE or iajury to any of the property subject to this mortga~e are hereby aesigned and ahall be paid to mortga6e~ who may apply the same to payment oE the inet'llmeata laai dne under ~aid note, and mortgagee ie hereby aathorized, in the name of the mortaagor, to euecute and deliver valid acqnittancea thereof and to appeal from any such award. k. The mortgagee ehall have the right to inspect the~nortgaged premisea at any reasonable time. 2. Delauli in any of the covenanta or conditiona of thia instrument or .of the note or loan aRreement aecured 1~erebv shall terminate the mortgagor'a riRht to poeaeesion, use, and en jo~ ment of the property, at the option oi the ; mortgagee or his aeeigna lit bein~ a~reed that the mortgagor shall have euch right until default). Upon any such defAUlt, the mort~aRee ahall become the owner o( all of the renta and profite accruin~ afjer default ae eecurit~ for the indebtedneaa ~ecured hereby, with the ti6ht to enter upon~~ef~id property tor the ~ose of collectin~ such ~ents and pro6te. Thia inatrument ehall operste as an aseianmer~t of any rentale on eai~ p perty to that extent. ~ ~~~Z~ Dr~~ ~ P~~F - - ~ _ _ ` _ . . ' ="~r a-