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Home My WebLink About0997 , . ' ~ I ~ ; RID~t TO M~`G~GB ~ t ~ 1. lbrtgagor agrees tA pny all v~eter, sew~er ana other utilfty c~uucges apPlicable bo the prenises. Failure b~ pay same within _ thitty ( 30 ) days of #~e due date sha11 vocsstitute a default hereunder. In default tl~ereof, l~ortgagee may (but assuaea rn abligaticn to) p~?Y sa~ne ar~cl this M~rtgage shall secvre said a~vanaes together with interest at the m~ximum rate allo~ed by law. 2. l~brtgagor will r~t, without Nbrtgagee's p~rior written aon- , sent, acoept prepayn~ent a~ instalLoents of rent tA bevome ` due ~nder any lease ar t~enancy affectirig the m~rt9aqed Prem- ~ ises. ~ t 3, Mortgagee shall have the right bo ac~elerate the indebted- ` ness secured hereby arxi b~ foreclose this I~brtgage if any of the representations ar ~ warranties made by Mo~rtgagor o~r any maker or guarantor of the obligations secured hereby in eonnectian with abtaining o~ the loan secured hereby ar in connectian with the execution of the loan doc~nnents are inoorrect. 4. All licenses required for the lawful o~c.vpancy o~ the m~rt- . ~ gagec~ prenaises by governmental authorities having jurisdic- tiai thereo~ver shall at all times be valid ar~d in good stan- dinq. Mortgagor agrees that the premises shall at all times be in aonplianae with all iules, regulations vr statutes af- fecting the p~remises or, alternatively, valid varianees o~ govern~aentally granted exceptions t~o such Yules, regulations or statutes shall be in effect. ~ 5. In the event af the irrvalidity uxler applicable law of any of the provisions herein, ar in the Pranissory I~bte ar other docwnents executed in aonnection with the loan secured here- by, all of said provisions shall be deeqnea stricken fYdm that instrtmient which shall then remain . in full forc~e ana effect as if such invalid pra~isions had never been a part thereof . 6. In the event the Pranissory I~bte which this Mortgage secures shall be mutilated, destroyed, lost ar st~olen, it shall be a default hereunder if a rew Pramissory Note aontainirg the ; ' same terms and aonditions is rat delivered to M~tgagee; t pravided ho~ever, that Mortgagee offers proof of suah ~ mutilation or destruction reasonably satisfactory tA ~ ~ ~ Mort9agor, or that lrbrt9a9ee a9reeg t,o ind~nifY ~ and hold ~ Mortgagor and all parties who executed or guaranteed the original Note t~armless against atte~ts t~o aollect rn the ~ _ original Promissory Nc>te. 7. This Mortgage aonstitutes ~ assigrgoent of all rents, iss~s and profits derived from the m~rtgaged premises and M~rtga- gee is authoriaed in the event of ~?y. default hereunder to ~ take possession o~ the premises ~d v~llect same. 8. In the event of foreclosure of this M~rtgage ar other trans- ~ fer ~ title to the m~rtgaged premises, all right, title a~nd interest of t3~e Irbrtgagor in and to any insuranoe policies then in foroe, including all pr~nium~s thereon paid in ad- ~ vanoe, anci, tiogether with all deposits ar~d aavanae peyments ~ for utility service of any kind ar nature, heretofore ar ~ hereafter depo~it~ed by the M4rtgagor ~or such utility seYV- ~ ice, in oonnection with the aperation of the nnrt9aged Prem' ; ises, shall pass tn the purchaser o~ c~antee. ~ 9. Upon any foreclosure sale of the preznises, the same n~y be ~ sold either as a whole ar in paraels a~ Martgagee may elect, ~ and, if in pareels, the saae may be divicied as Nbrtgagee maY elect, and, at the election a~ Mortgaqee, may be a~fered first in p~arcels ~nd tlzen as a whole, tha~ a~fer producing the highest prioe far the entire pro~erty b~ prevail, anY law, statut~o~ry ar atherwise, tio the aontrary. rotr+ithstand- ing, and Mortqagor waives tl~e right b~ require aciy such sale ~ LE~WIS,~VEGOSEN /~NO~ROSE~N•BAC~H, P. A.; ATTOR~NEY~S1AT U? ~uj ~r~1S• ~ b~ nK ~1H ?AGE 9~.7 l -~~~?v..~....~•.,~. . ` - - -