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Home My WebLink About0809 1 t . ~ tb ar su .~a u~,i.. uk P~~~ip.~ and lntemt .~a o~n~. ~ums of moneY pay~Dle ~r vlrtue oI iald p~omlrory note ~nd thU mortp~e. or eltAer. aompur c++ we a.rs re,~eea.~~~r, lAe ~ame ~everallr cort~e due 7b pw tll and dnYul~r lAe laxe~, ~a~esfmcnb, levlea, tlabiliUes, obll~~tlona and eneumbranees o! every nature on aatd deseribed p~opertr, on tAb morl~s w note, or In any May resultlns from tAe ~ndeDtedoesa ~etured by tAb mort~ase, eacA and every when due ~nd payaDle scrotdm~ to law, befor! ~ cher ~econ?e dellnauen~ u?d il lhe wae aAall not be D:omDU7 W~d the Bank may at aey ume eltAer Aetoro or ~(ler deli~pueneY Wr lhe ~ame ~vlthout walvln/ or dleelins lhe optfon to toreelose. or any tl=At Aercunder, and everr psymen! ~o made shall becc,me part ot the indebtednear ~ecured bY tA~s ~ mortp~e, and tAall ~u interest froea tAe dale ut p~rp~ent thercol ~t the nte provfded in the p~om~swry note seeured Acrc~y; ~nd every paymrnt w made, ~nd ir.lerest tAereon, aAaU be repald br the mortsa=w b the Bank In weh ma~ner o the 8ank shaU requlre. TAe mortp~w further a~rees to dellver b said Baak, on or Detore ldsreh ISlA ot eacA yca?, qs.receipts evldrne?n~ lhe payme~t of all lawfully lmpaeed !~=ea for lhe precedln~ calendar yea~ and to ~ deUvee ~ sffd Bank. recefpU evideaeU?s the payflRnt ot all ilem for publu unpmveeaents wnthin nlnMy 1~01 dars ~tter lhe wne alull beewne due and Dw~Dle. To keep :Ae EuUdln~ ~ad all eaulpaunt and penon~l proptrtp nov w herestler on ~ald premlaes. eovtred by lhb ![wtpse. insured a=ainst lop or 1 e.m.n er e.e .~e w~n ocn~r Insurable perfb a~ lhe Bank sAaU tran time W time reqwte. fn weh amoun4 ~s tl~e Bank ahsU requirc. br a arompaeir or ~ ~a?wnk..~a u~r~w,s~? an aa~er s.wt.ecorr ~o teK eu~c. ard wld polky or pollcid sAall be held bY ~ d++~k and sAa!! beu ~ atandard Nevr York mort- elau~e vitAout contrfbution, makin~ tAe Ion under s~id polkles payaDl~ lo the Bank as mortpsee as ~b Inlereri msy sppeu: and i~ lhe event any aums ot ma~eY beeane paraDle unde~ sucA poller or po!lciea, tAe Bank sAall Aavc the optfon b reeeive snd apply the rame on aecount W the indebtednen hereby aecurcd, or b pcrn~ft the morlsa=ot to retefr•e ud use it. or a~y part tAereo/. tw otAtr purpwes, without lhercbr r?alvin~ or impalrin~ ~nr eauftr. llen or ti~t under and py virtue ot thb morttase: and In the evenl the morisa~or doet not comply with tAb eovensnl. tAe mortp~ee msr plaee and pa7 !or sueA Inwnnce. or any Fart LAereo/. rvltAout walvtn~ or a![eetin~ tl~e option to /wcelose. w anr rf~ht hereunder. and every psYment ~o rtude sAall become Wtt d the IndeDtcdnea ~++cd by tAb nw~i=a~e. and sAall beu interest Irom tAe date o/ payme~t lAereot at tRe rak pwvlded in the promisaory nole ~ecured Dereb7: ~t?d e~~y W7ment w eude. and inle?est lAen~on. sAall be mpaM br the mortp~or to ths Bank In sueA manner o the Bank ~hall repulre. In order to more N117 p~oteet tAe aeayritr of tdlt moetisse and pwvlde tor the parmeal ot tun, apea4nenb and fnsunnee premlum~ upon tAe propert7 eneumbered AerrDr. the Bank aur ra~ufre. u~d In that event tAe mortp[a ~ Wi W the Bank eaeA month st Ufe t4ne tAe paymen4 provid~d br tald prortdnory note are due and in Wdltbn to wfd paymen4 ~ wm edual w w~e-twrcltth o~ an amount estirtuted bY the 8aak W be wlpcient lor t4e Bank lo par pid tsaes, ~s~e~nneot~ and (nwrarue_ premium~ ~rAen tbe same are psyable. It lhe amoun4 paid under thL pussr~ph ahsll not ~ sumekn~ w enawe u~e ea~ w par ata a:es, aoe~nes .~e inw~.ne~ premiums, the nwrlpsor ibsll par the d/flerenee b tl~e Bank on demand. S. It the mort~apr sAall have yst~cd or cawe W be afaf~ncd to the Bank ~w~r or hereatter aa7 PoU~7 ot IUe inauanee as additiooal ~eeuritr !or j tAe lndeDtednen sceurcd br tals mortia~e. the tnwt=asor ssrees w loo~ as anY ot sald indeDtedneas tem~iru unpaid PromDUr b par alt premiumt on aald ~ Insurance when tl~e same Deaome due u?d payable. and U tAe ~ame ahall nol be p~ld pranVUY the Bank mar par LAe rame wltl~out w~ivi~ or affectin~ the optfaa b totetiwe or anY ri=At Aereunder. and ever7 WY~~t ~o made shaU Decome a part of ibe lndebtedneas seeurtd Dr tAb morltate. and aDail beu Inteeest Irom lAe date ot paYmeot thereot at tAe nte provlded in tde prom?ssory note setured derebr: arid erery paymcnt io made. uW fnterpR therron, ~ .ball ee repala er tee morcp=or w We Sant w wen manner tee eant wau require. E To permtt, conunit ot wfter no waste. l~npairmeat or detcrioration of wid propertr. or ~np part theraw/. and uya? the failure o! tbe mo ~ keep the OuUdinp on sald rtiasor b ~t ~ rc ~ood eonditlon o! rcpalr. !ae Bank enaY demand tAe lmroed'ute repalr o[ ald bulldurp, or an inacs~e in tbe perbd ot thirt~ lJ0) dars, shall constiWte~seAtpreaeb o( VMrcbr secured and tAe lailure ot the mort~asor to eomplr v?itA sald demand ot tbe Bank for s ~ ~ and interesl NereEy reeured. and lmmed'utel and wuAout nol~ICe,~thec~Bank m Y inst t te oI tAe Bank. immediately mature the mtire artiount of principal Y proeeed~np W foreelose tAis mort~ate and apply [or the appoint- ~ ~ ment ot ~ Rccelver. o Aerdaattet provided: at~d tAe Bank shall Aave the r1sAt W inspect tM morttasad premises to ucertain compllance ~rith tAlt coveaant. j 7- To perfotm, eompir w?tA aod ab~de by eac~A and nerr the stipulations, aLrettnen4. eondiifons aad covcn~n4 !n qW promipor~ note and thL ~ asort~aie dted ~et tortl~. ~ I i ~ t. 1[ anp of tAe sums ot awner Aereln re(erred W be not prompUr and fuUr p~id rflAln lAlrt7 1]0) dari ne=t atter tf?e same aeverally becatte due and i ~ payaDlq or it e~ch and every the d~pulatw~u, asrcements. eund~Uwu. and covenan4 ot said promlaorT note and thfs mortta~. or eitAer. arr twt dulr ! 'j pertornxd. eomplled ~rlth and ~bided br. the aurcpte sum mrntloncd in nid promusorr note shall Deeome due and p~rible torthwitD or thercatter at t6e ~ option ol the Bank, u fullY and co~tnpletel~ as U Wd aurcpte sum ot ~~r ,~u oni;~,ur stiputated to be paid on we~ day. anythlns [n pid promb- ~ I ~ory note or Aerein b the eoatrary nolwithsWMin~. ~ . ' Y. IL 4 furiAer covenanted and asned br a1d partlei lAat in the eernt ot • w1t beln~ i+uUtuted b toreelose tA1s mortpse. the gank ~haL pe entlUed ; ~o .~Ir .e an~ ume penau,~ ,uen eorcetosu.e ,u~i w~ cde coure na~in~ yur~,ajcuon u?ereot tor the appofntment of • reeeiver o[ all and afnsular !At mort- ~ [a[~'d D~~~7. and o[ all tDe rents. ~neomes. proQb. iasue~ and revenues lherrot. [ram whatsoever ~ource derived: anA tLereupon ft /s 1?cnby e:prealr ~ i coveaanted and a~reed Uut the eouri sAall tortAwlW appoiat a neeiver o[ pid mwtp~c~d properir. all and sin~ular. and of aeL rents, ineomea, prodts, fasues and revenue lAercot (rom whatwever source denred, wflh t6e usual powen and duties of reeei~•en In Ilke cases: and iueA ~pypintmeat shal! be made ( bY sueh eourl as a mattet ot strlet ri~ht W LAe mortsa~te. i4 aeceaaors. I~~a! rcptesentat~ves or aatitns, and vithout relercnce to the adeQustY or Inadepuat~r ~ ot tbe v~lue ot the propertr hersbr mort~a~ed, or b tbe iolvener or insolvener of the mortptor. and tAat such rent, proRb, ineo~. issues and rev~uti ~hall be ~pptled Dr web recetver b fhe P~rment at tbe awrt=a~e lmfeDtedneis. cos4 and cAarses, accordu~ to Ne order ot sueh eourt. out ootlee, all wms ~t md~e~ ~ArrebJ ~hall Immediatelr and~coneurrentl~ ~it~II ~ssuh conti~7 D~ thereot. then ~t tAe option al tAe Bank. and vlth- 'eYa+?ee beewne due and p~y~ple. I j l l. 'lbat ln t1?e event lhe prert?Ises Aereb~ mort~ed, or any part thereo(, shall ~e tondemned and taken tor pubUe use under tAe power of emfnent domato, the Hank dull Aave the ri~hl to demand lMt all dama~es swarded tor the takin~ of or damascs b sald preml~es itull Ae patd to lAe Bank up ' to the ~mo~unt t6en unp~id on thls mortpse ~ad st the option ot tAe Hank mar be ~pplied upon Ux payment or paymmts la~t p~yable thereon. , 12• 7'he morlpsor bindt Afmself not to ereet or perm{t W be erected sn~ new buildinp on LAe premises herein mortp~ed or to add to or permlt to be i •dded W an~ ot t~e e:istlns improvements thercon or make any chan~es or rltentiuns In said improvemenit wrt~ieh materially chan~e the same or the use I thereof, without the written comcnt oi •.!x Bank, and in thc event ot anr violation w attempt to violate tAis dipulation thii mori~ase ~nd ~11 sumt ~ ~ x~cured heteb7 ~I ~~~dlately beeome due and eoUectible at tAe opuon o! lAe 9ank. ~ ; ~ li. It is speei8ca11r a~reed lAat time u ot the eisence ot this eontract and that no ~raiver ol :ny obtl~at~on hereunder or o! the obli~atioa seeured i n~r~er .~,.ti ~t aar tune be heid W be ~ wraiver o[ the terms Aereo/ or ot the instrument seeured hercby. F i ; E 14. I[ toreeloaure proceedinss ot any seeond mortpse or xcond trust deed or any junior lien ot any kind should Ee irutituled, the Bank mar, at ~ f4 opUon, fmmtdistely or tAercaJter dcciare thu morip~e and tf?e indebtedncss secured hereby due and paysble (ortA~r~th, and may at its option proeeed E W lortela~e Nb mortpse. ~ ~ 13. To the e:tent ot tAe indebtedncss ot the mortpaor to the Bank dcxriDed hercin or seeured Aeroby the Bank i~ hcreDy subro~atcd to the Uen or ~ Ilens and W tAe ri~hL o( the ownen and holders thercot ot exA and er•ery mortp~e lien or otlier encumbnnees on the Iand deseribed hercin which is + paid or tatla8ed in whole or in part out of the proceeds of the Iwn drscrlbed Aerrln or securcd hercby. and the respective I~ens ot said mort~a`es, liens " or other incumbrances, slull be and the wme and rscd of lhem Aercby ~s presrrr-ed and shall pan to and be held by the Bank Aerein a~ munty tor the j Indebtednet~ W lhe Bank Aerein descriDed on c~rcb> securcd, to the same e:tent tlut it would Aave been preiened and would have Deen passed to and ~ beea txld by the 8ank Aad it bcen duly and re~ularly aui~ned, tnnsferrcd, set over and delivered unto the Bank Dy sepante derd of assi`nment, not- witAstandln~ ttx (act tAat the same may pe satufied ~nd canceUcd o! rrcord. ~t be~ng lhe fntention ot the parties hereto that all prior encumbranehes will be 4 j wtL6ed and tancellM ot rerord br tAe holden tt~ereot at ur aMwt tAe ume ot ihe recordins ot thu mort~a~e, but that the Bsnk wi11 ne~ertheleas be ~ abtopted to the Uens thereo[ a Aereinabove provided. ~ i r j 1a_ ?o p~r s"late char~e^ ot not leas than ft0.00 and not murc than 12° of anr insttllment payable Dp ~~irtue ot the nid promissory note or any W7~ Kq~lred to be made hercunder whcn said "wtallment or payment is not pald within 10 days alter tAe due date tAereo(, the amaunt ot tuch 4te char~e.• W De detcrm4~e~d br tde Bank. t7. To par.l~ ana sir,r,lar ene cos~s, ehar~es and e:penxa, mctudin` lawyer's tees, rca7onabiY incurred or pald at an~ time by the Bant, becaux ot the taUure ot tDe mertp~or to pertorm, cwnpl~ w~th nnd abide by euh and rvery the stipulations, asreemenb, cond~t~ons and co~•enanLs of sald promiuory note ~nd thlt deed, ot ather. and everyr sueA payrue~t siull Geu ~ntcrest frwn date at t6e rate bourne br the princ~pal (ndebtedneas seeure~ ~rcDr. a i 1!. It b~Feed tAat Wb mortsa~e ahail ~eeurc anr future advances made bY the Bsnk td the moKSa~or at any time wriNin twentr (20) rears fran ' the date hereot to the same e:tent as iI such fuWre ~d~•ances were made on tt?e date ot the e:erutwn ot thia mortp~e: prov~ded, however, that the tota! ~ unpald Dalanee ot lhe IndeWrdnen rec~rc~d bY Nis mort~ase at any one tune shall not e:eeed a ma:imum prine~pal amoun! equal to Z00 per eent ot the prir~elp~l amount onpnalir seeured herebY. Dlw ~nterest on wed ma:imum principal amount and any dubursements made lor the payrt~ent o! la:es, levies ~r or Inwra~e on t6e propertr eovered Dr lAis mortp~e. wlth ~nterest on sueh dubunemen4. 3 . s IY. WAto anT amount ot monep W bt paiA by the Afortsa~or to the Mortp tee under tAe terny Aereo( s1u~~ p~ in default or sAould the ldortp~or default in ~nr of the olher ternu. Drovluu~u w condriluns ot thu licrtp~r, lAen and ~n lhat caie lhe Murt~a~ee shall Aa~•e lhe nsht. ~riNout nol~n to tAe Mortpsor. to eolleet and recelve trom aoy tEnant or lessce of said murtsased premisn the ren4, usues and pro8ts o( lhe rcal esUte hereby mortsa~ed and the un_ provemen4 thereof. ~nd lo ~i~e proper receipb and xqu~ttances therefur. anA after paytn~ alI commwiuns of anr rental a~ent collect~n~ the ~ame. and anr ; reawn~Dk atWrners teea and olAer necesaarY eipenses ~ncurred in cullectln~ same, to ~pply [Ae proceeds of such colleetions upon any indeblednes~, op~ip_ tion o~ Ilabilitr. o( tht Mortp~or Aercunder The r1(ht ~ronled lhe }~ort~ajee under this psnsnph sAall be In addrUon to. anA rAall not lun/l or restrict, anr olDer N~ht or risdt~ sr~nted tbe liortp=ee !a thL liortp~e. ~ 6~ 2fi7 ~;E 807 - -~.,~.~_a~~.~r~ ~