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Home My WebLink About0242 : . Tbe mortp~oe ao~e~.na..na.~e... collo~?.: s. He ~riA promPd7 P~~ t6e indebtcdnas evidenced br oaid promiNOS~? note ~t t6e time~ aad Is tbe maaos~ t6erein pro.lded 6. He M?ill par all tase~. aMewments. wat~ r~te~. and other 6o~eroineatal or municipal cbar~,.6nes. o~ ; impositioor, for ~rhtc6 prw?idon ~ aot bem made hereinbetora ~nd wiU pro~nptl~ deNrec tbe oiei~l eeoeipa tberetor to t6e ~aid mortaaaee. c. ~e will pay euch ezpeaaea and (eea as may be iacurred in the pmtection and maiatenance o~ said property, including the [eea of an~• attorney employed bp the mortgagee for the coll~etion oi aay or all o[ the indebtedness hereby eecured. or [or forecloanre by mortgagee's sale, or court proceedinae, or ia any other litig~tion or proceeding al~ectiag said premisea. Attorneys' feea teaaoaably incurted ia any other wav shall be ~aid by the mostga~or. d. For better securitr oI tLe iadebtalnas hereby aecured, upoa the requdt of the moclaaaee, iu aua ceswr~ or ~ssign~. he eh~ll e~cec~te and deliver a suppkmental mort~6e.or nwrtaages coverip6 anr additioas, i~p~o~eaaent~. or bettumeob m~de to the pmpertr beteinabove deseribed and al! prpperty scqnirtd by it a~ter the date hereo[ (all ia form iatisfactor7? to mort6a~ee). Forthermore, ahoulc! mort~a~or fail to cure any deisult in the pa~ ment ot a prior or iaEerior ~acumbrance on the property described by this inetrument, mortaagor henby a~rees to permit morlga6ee to cure such default, but mortgagee ia doi oblig~d to do w; and such advaaces ehail become part oi the indebtedneaa aecured by this inatrwnent, wbject~ to the same ternu aad conditiona. ~ e. The ti~hta created by this converance ehall remain in full force ~nd eflect durinR any postponement or extetuioa of the time of parment of the indebtednese evidenced by eaid promiasory note or any part thereoi secured hereby. ' . j. He will continuoual~ maintaia hasard inaurance, of such tvpe or t~ pea and in auch amounts se the mort~aRee may fron~ time to time require on ihe improvements now or hereaiter on said propevty, and will par Prompdy when dne an~ pnmium~ t6erefor. All iasnranoe aha11 be carried in ~mpanie~ ~ooeptable to mortaaae~e aad t6e policie~ and rene~vaL thee+eot rLall be held by mortas6e~e and have attached thereto lo~s payable clawes ia [:vor ot aad in form soceptable to the mort6aace. In event of loM, mortsaaor ~rill aive immediate noti~e in Mrritina to mort6aaee, and mort;a6ee may make proof of lo~s if not m~de prompdJr by mortaaaor, and eac6 inraranoe oo~mpan~ ooncerned is hereb~ ant6orised and dineted to make p~ment for sneh lors directlJr to mortaa~ee initead of to mortaa6or and mort6a6e~e jointlp. aad the irosnranos prooeed~. or an7 part thereof, ma~ Ije applied b~ mortaaaee at iti option either to the reduetioa of the indebtednas herebp ~ecnn:d or to the re~toration or npair oi t6e property dam~ed or dqtro~ed. In event oE foreclowre of thi~ ~ mortaa~e, or other tnnater of titk to ~aid prQperty in e:tinavi~hment of tl~e indebtednw ~ared hereb~. a11 ri66t, tide. and interest of the mortsasor in md to an~ inauanoe poGcies then ia foroe ~hall psr to the purchaser or mongagee or, at the option of the mortgagee, may be eurrendcred for a refnnd. ~ He will kee all buildin and other im rovemente on eaid ro rt in ood n air and condition; B• P 8s P P Pe Y B P~ ~ will permit, commit, or euHer no waate, impairmeat, deterioration of eaid property or aay part thenwf; ~ . in the event of failure of the mortgagor to keep the buildinge on eaid premieea and thoee erected on said premieea. or improvementa thereon, in good repair, the mortgagee may make euch repaire as in its disctetion it may deem neceasary for the proper preservation thereof ; and the full amount of each and every aoch paymeat ehall be immediately due and pa}able and ehall be aecured by the lien of thia mortgage. h. He will not volantarily create or permit io be created against the pcoperty aubjeet to this mortgage an~ lien or liene interior or superior to the lien of thia mortgage without the written con~ent of the mort- Ragee; and further. he w+ill keep and maintain ihe same free from the claim of all pereone eupplyin~ labor or materiala for conatruction of any and all buildinge or improvements now beinR erected or to be erected on eaid premiaes. i. He will not rent or aesign any part of the rent of said mortgaged properiy or demoliah, or remove, or subatantially alter any building witl~out tha wriuen conaent oI the moctgagee. j. All awuds of damaga in oonnection M?itL anY condemnation for pnblic u~e of or injnr~ w an7? of the prnperty subject to thi~ morta,a6e are hereby ~aned and ehaU be paid to mortgagee, who may apply the same to payment of the inst5]Imenta laat dne under eaid note, and mortgagee ia hereby anthorised, in the aame of the mortgagor, to e~ecute and deliver velid acquittancea thereof and to appeal from any such award. ~ ~ k. The mortgagee ahaU have the right to inspect the mortgaged premieea at any reasonable tune. ~ ~ 2. Default in any of the cove~aata or coaditiona of this instrument or of the note or loan a~reement secured ~ hereb~ ahall terminate the mort~aRora ri~ht to poaeeeaion, uee, and enjoyment of the property, at the option ot the mortgagee or hia aesip,na (it bein6 agreed that the mortgagor ahall have Ruch ri~ht until default). Upon any such defauit, the mortga~ee shall become the owner of all of the renta and profita accruin~ after default ae eecurity for the indebtedneai+ aecured I~ereby, with the riaht to enter npon said property for the purpose oi collectin~c aucfi rents and pro6ta. Thi~ inatrument ehall operde as an areisnment of any rentals on aaid property to that e:tent. ~ ~~a 3~Y'~~! ~`n ~ ~ Pa1~F z~ ' . . . . - - - „ ~ _