Loading...
HomeMy WebLinkAbout0934 _ hereby. Mortgagor agrees to execute such further assignments. of any compensatio~, awards, damages, claims, rights of action and proceeds, as Mortgagee raay require. 6. Care of Morbgaged Propert~. Mortgagor shall not remove or demol is any u i ng or ot e~r- proper ty f~rmi ng a par t of the Mortgaged Property without the written consent of Mortgagee. _ Mortgagor shall not permit, commit, or suffer any waste, impair- ment or deterioration of the -Mortgaged Property or any part thereof, and shall keep the same and improvements thereon in good condition and repair. Mortgagor shall notify Morbgagee in writ- ing within five (5) days of any damage, or impairment of the Mortgaged Property. Mortrgagee may, at .Mortgagee's discretion, have the Mortgaged Property i~nspected at any time and Mortgagor shall pay all costs incurred by Mort~yagee. in executing such inspection. 7. Mor a ee's Ri ht ta llake Certain Pa ents. In the event Mortgagor ails to pay or discharge the taxes, assessments, , levies, liabilities, obligations and encumbrances,~ or fails to ` keep the Mortgaged Property insured or to deliver the policies, premiums paid, or fails to repair the Mortgaged Property as here- in agreed, Mortgagee may at its option pay or- discharge the taxes, assessments, levies, liabilities, and obligations and en- _ cumbrances on any part thereof, procure and pay for such insur- ance or make and pay for suc h repairs. Mor t~gagee s hall have no obligation on its part to determine the validity or necessity of any paymen t thereof and any suc h paymen t s hall not wa ive or af- fect any option, lien equity or right of Mortgagee under or by virtue of this Mortgage. The full amount of each and every such payment shall be immediately due and payable and shall bear in- terest from the date thereof until paid at the highest rate al- lowable by law, and together with such interest, shall be secured by the lien of this Mort~gage. Nothing herein contained shall be construed as requiring Mortgagee to advance or expend monies for any of the purposes mentioned in this paragraph. 8. Pay~en t of Fspenses. Mor tgagor s hall pay al l the cos ts , charges and expenses, including reasonable attorney's fees, dis- bursements and cost of abstracts of title, incurred or paid at ' any time by Mortgagee due to the failure on the part of Mortgagor j promptly and fully to perform, comply with and abide by any sti- i pulation, agreement, condition or covenant of the Note and this ~ ~ Mortgage, or any other docuanent securing the Note. Such costs, ~ charges, fees and expenses, shall be immediately due and payatile, whether or not there be notice, demand, attempt to collect or suit pending. The full a~ount of each and every such payment ~ shall bear interest from the date thereof until paid at the high- est rate allowable by law. All such costs, charges and expenses . so incurred or paid, together with such interest-, shall be secur- ~ ed by the lien of this _Mortyage and any othe.r instrument securing the Note. 9. After l~icquired Property. The lien of this Mortyage will automatica~ y attach, without ~urther act, to all after acquired ~ property of whatever kind located in or on, or attach~ed to, or ~ used or intended to be used in connection with or in the opera- ~ tion of the Mortgaged Property. ~ 10. Additional Doc~aents. At all times this .Mortgage is in ~ effect, upon Mortgagee's request, Mortgagor shall make, execute 3 and del iver or cause to be made, executed and del ivered to Mort- ~ gagee and, where appropriate, shall cause to be recorded or filed and thereaf ter to be re-recorded or ref iled a t suc h time and in ~ such place as shall be- deemed desirable by Mortgagee any and all ~ ~ ~ ~ ~ y ~ ~ . ~ _ 4 _ ~ ~ ~ BOUK ~S PAGE c~c 4 ~ _ - - ~ ~~Te ~ _ - . . ~ ~ n