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HomeMy WebLinkAbout2146 • ~ ~ 1. The ataetpMeeaiarsasta grid aeisilrtr~r: d 8~ wiD N'aNttptlf pad ttie iie~foier •.ide.oed Yh? aid phoeeieaos~ sate at trs tiraea grid i. the k Se will a1f tenoaar aeaereaaeata, wares :area, arai etbae tRl K arsidpal ebarUaer ~ K irpeitiawt, Eat wbielr ~a+wiri~sn ira •et >teeri gads i~eeeia~retoee, and will pte~arpely ~ww tltts eieid eeeaipte tb~oe a the aid awet~ae, c. He will pay srreh ezpeasea and fen as auy be incurred in the protection and .maintea:aoa of aid - prapetty, the.[ees of any attorney empbyed by the mo~agee for the collection of ao~c?r sll of the indebtedness hereby arknred, er for for+eelosrrra by auortg:gee'a gab, or odurt proceedings, or is any otbpt. litisatien or proeeedireg alfeetiag aid prerrsisee. Attotaeys' tea ressonably incnrral is my other way shall Le - 1~ b7 ~ ~i1~ - dFor better atcgrity. of th' indebtednas hereby secured, apoa the e~egnert of the mort6a~ee, ~ita ana Qeswra oz assigns. he shall.ezceute and deliver a anppkaeeatal mortgage or mortgages covering any :dditiona, iasproverrrarta, or bettermeab made to the Property bereiaabove dacribcd :.nd ail property aegaired by it after the date hereof (all in form aatiafactory to mortgy;ee), Ihurthermory should mortgagor fail to cure any defaalt in the payment of a prior or inferior eacumbranoe on,tbn property dgcribed by thi. instnuneat, mortgagor hee+ebr agrees to permit mortgagee to cure such default, but mortgagee is act obligated to do w; . and sash advaaoes shall become part of the indebtedness secured by this instrument, subject to the same . . terars sad eoaditions. - e. The riglrb created by_this eoaveyance shall remain in full force sad eBeM during any postponement or estenaion of fire time of payment. of the intkbtedneas evidenced by said promissory rate or any part_thet~eof - - secured herby. ~ Cl~~~ t`om'-c ~ t~ ~a" gyp' _ j. He will eontinrrorrly maintain hasard roan sucht"t~ o ~d in sash amounts as the n rs~'~'. ' j' mortgagee ,say from time to time r+egnire on t~v~ari<n~s nod o~~~e~a~~i~;d property, and wiD Pal P~PVy ~rhas d~ ~ P~~ thenft~;"~ rmi~iranae sk~lt~ei~:~r;ed'Ui~di~filies aoecptable to iaortaagee sad the polieia and r+eaearaL thereof `shall: be head hl -mortaagtid abd BA~IB~IIIRrrehed thee~eto Iola payable eL~eu is favor of and in form aooeptabie to this moitaaaee. In event of loss, tnortgagor will give iesaaediate notice in trrituo6 to mortgs~ey and saortgages say make proof o[ Ions if ttat aaade pe~oaaptly b7' - moetg~sR, asd each iraruraaoe oaapaoy cenoeraed is bere~by authorised and directed to auEe payment for arch Iaas directly is aortgagee instead of to aoctaagoc and mortgagee jointly, and the iuaaraaiea proeeeds~ or say P~ ~'eO~ may be aPP~ by ~r4~6a at ~ s"P~ either to the rcdrrction of the iadebtedoeaa ber~ebi? - seerrred ee to t6s' restoration or repair of tb~e property damaged ~ destroyed.l<a erect of foreeloanre of this aortgagy or other transfer of -title to said proputy in e:tiagnishaaeat of the indebtedness seprred hereby, all rigftt, fitly sad iaterert of the mortgagor in and to and irruranee polices then in force shall par to the purchaser or rriortga~ee or, at the option of the mortgagee, may be surrendered far a refund. s. He will keep all buildings and other improvements on said property in good repair and condition; - will permit, commit, or suBer no waste, impainaeat, det~riontioa of acid -property or any part thereof; in the event of failure of the mortgagor to keep the buildings oa aid premises and those crested o~n aid premises, or improveareata thereon, in Good repair, the mortgagee may make such repairs as in its discretion it may deeas aa~asary for the proper pr~escrvatian thereof; and the full amount of each and every sacL payment - shall be imsrnediateh dnc and payable and shaD be seenral by the lien of.this mortgage. - . !4. He will not voluntarily create or permit to be creafed against the property subject to this mortgage any lien or liens inferior or superior to the Iien :of this mortgage without the written consent of the mort- -sad further, he will keep and maintain the same free from the claim of all persons supplying labor or materials for construetioa of anv and a]I bnildings.or improvements now being erected or to be erected on _ said premises. - s. He will not rcpt or assign say Part of the rent of said mortgaged property or demolish, or remove, or sabstantislly :Itu say building without the written consent of the mortgagee. j. AU awards of damages is oonneetion with any condcaraation for public nx of or injury to any of the ProPmt7 subject to this mortgage an hereby assigned ant shall be paid to mortgagey who mad apply the same to payment of the installments Lud dn* under said note, arrrl raorigagee is hereby authorized, in the - asme of the raortgagoq to a:ante and deliver valid acquittances thereof and to appesl from acj such award k. The mortgagee shall have the right to iasped the mortgaged premises at say reasonable time. Z. Detanh in say of the covenants or rnnditioas of this instrument or of the-note or loan agreement secured hereby shall terwiaste the mortgagor's right w possa~sioa, use, and enjoyment of the property, at the option of the mort~ee or Iris assigns (it being agreed that tht mortgagor shall have such right until default). Upon any such default, the mortgagee shall become the owner of all. of the crab and pro5ts accruing aher default a security for the indebtedness second hereby, with the right to cater apoa said property for the purpose of collecting garb r+eata sad probts. This instrument shall operate as an assigameat of any Halals on said property to that c:teat. 43 -