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Home My WebLink About2238 _ ~ ,}r < ~ t. _ - . 5~d piomsl?, ooti! ~M to t~ a loan in ~rhlch . ~ HosiateM Adwiaistration, as a0eoey of the United.Slatel.ot ~ ~ F?t!ll• NodoA:;lO~•l,(~) of ths. Rnla sad Raattlatioas of ' the Siisall 8asinesa Adaa~isiratiest [13 C.F.R 101.1(4) .thin iostrnmeot i. to bs eontrued and eoforoed in accord- ' ate , , ~0~!?.~,)!?!!k,~ s. z - 1. T1+s °'°etp!°R oo~.r~asb•atad-a as foUannt . ` - _ s. H+ti MiD I~~~ pay'tbe' ~ a~ldatleed by- aai~1 pt+o>diMoey note K the titnita and is the ` `1 6~:Hs will-pq?.h awt,-am..¦t~.atw.va~et~t~:.: sad other eoreea~est~t or annul a6ar~e~ 6o~e~ ae. impaitiattr, fat which pt~arlsioa Taal ace bas td.da heedobafoR..ni will pro..pdy deHi?er the oioial reoeipa ~theiefotr to t6+.ait1 a4ort~~t - - - . _ . . - - . a :8.a _wui pay: anah.±aa~aoses sod. figs a. stay bs irear~nd is ths. proteetiew and meiatoa.noe. et said. p~P~1• ~i ~ Seas ~ •+my u4~7 esp~oyed ~ ~ -for .the oollaatioa o[-aoT er all of • the.indebledaess:.herob~r se~t~sd,:or ioa~eelasae+e by mortaa0aa'a sale, or oonrt-prooesditys, os ip say s~ther--: litlgatioa or:p~ee~dtttg +dEectiuR said P~~R Atlotpeys'_ ices re~aoaahly inpntred ~ any other wry shaD be paid by the ~Rs49or• - - d For better security of the indebtedness hereby secured, apva the request of the mortgagee, its successors or assigw, he shall execute and deliver a sappkmeatal mortgage or mortgages ooverin3 any additions, improremeata, or betterments made to the. property hereinabove described and all property acquired by it after the date hereof (all in form satisfactory to mortgagee). Farihermore, should mortgagor fail to cure any default in the payment of a prior or inferior encumbrance on the property described by this instruesent, mortgagor hereby agrees to permit morigagee to cure such default, but mortgagee is not obligated to do so; sad gush advances shall become part of the indebtedness secured by this inatn~ment, sabjeet to the same terms sad ooaditions. e. The right created br this eonveyanoe shall remain in toll fora sad effect during any poetpunement or extendon of the time o! the payment of the indebtedness evidenced by said promissory note or any part thereof secured hereby. . f. He will eoatinnously maintain hasard inauanoe, of sash type or types sad in such amounts as the mortgagee may from time to time require on the improvements now or hereafter on said± property, and will pay. promptly when due and prs~minms therefor. All insurance shall be carried is companies sooeptable to mortgagee and the policies and rsnewaL thereof shall bs held by mortgagee and have attached thereto MIw tR~iOla CYfttlq lY as/VS Vf ~ia4 lit Vtaia Wf'7a~~w w Mrv soya •ea~v.~. w v•w• .......e~..a - - immediate notice in writing to mortgagee, 4~~g40 may mike-roof of less if sot made promptly by modgagor, and rash iaenranoe company ooaoerned i`s hereby itithoriscd and dfrected to make paymes?t for arch loss directly to mortgagee instead of to mortgagor and mortgagee joistllr, and the inenranoe proceeds. or any part thereof, may be applied by mo~Rgaaee at Sts option s3the~ to tLd rediictioa of the indebtedness hereby secured or to the restoration or repair of the property damaged or destrol?ed. In event of foreclosure of this mortgage, or other transfer of title to said property is extinguiahmeat of the indebtedness iecured hes~eby, all right, title, sad faterest of the mortgagor is sad to any inenraaee policies then is force shall pass to the I purchaser or mortgagee or, at the option of the moryta;cee, may be surrendered for a refund. F He will keep all buildup and other improvements on said property in good repair and condition; ~ will permit, commit, or aiBer no waste, impairment, deterioration of edd property or any part thereof; in the event of failure of the mortgagor to keep the building on said premises and those erected on said premiss, or improvement thereon, in Good repair, the morigagee may make sash repairs as in its discretion it may deem necessary for the proper pe+eservation thereof; and the fn11 amount of each and every such Payment shall be immediately due and payable: and. shall be secured by.the lien of this mortitage. h. He will not volantarlly create or permit to be created against the Property subject to this mortgage any lien or liras inferior or superior to the lien of this mortgage without the written oonseat of the mortgagee; and further,-that 6e will keep and maintain the same free from the claim of all persons supplying labor or materials for ooastroctioa o[ any sad all building or improvements now bein;t erected or to he erected oa said premises, i. He will not rest or assign grey part of the rent of wid' mortgaged properi~ or demolish, or remove, or substantially alter any building without the written consent of the mortRa;tee. j. AU swards of damagres in eannectioa with any condemnation for public use of or injury- to and o[ tl~e property subject to. this mortgage are hereby assigned and shall be paid to mortgagee, who may apply the . same to payment of the installment last due ender said note, and mortgagee is hereby authorised, in the name of.the mortgagor, to execute and deliver valid acquittances thereof and to appeal from any such award. k. The mortgagee shall have the right to impeet the taosttcaged premises at any reasonable time. Z. Default is say of the eoveaanb or eoaditions of this iastsvmeat or of the rote or loan agreement seemed hereby shall terminate the mortgagor's right to possession, use, and enjoyment of the property, at the option of the mortgagee or his assigns (it being agreed that the mortgagor shall have snob right aatil defanh). Upon say snob default, the mortgagee shall become the owner ef. all of the rrnts sad profit accruing after default as security for the indebtedness secured hereby, with the si;tht to settee npoa said ;property for the parpwe of collecting such Hats and profits. This instrument shall operate as an aiiignment`of gar rentals on said property to that extent. ~ : ` }a ti . x ~ gpplt~~ P1v6E