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Home My WebLink About0942 i { • i And until full payment thereo:~ or any extensions or renewaLs thereoi, in whole or in part, and p~yment oi all other indebtedness - or liability that may become due or owing hereunder a.nd secured hereby, aha11 faithfuUy and promptly comply with and perform each snd every othei• covenant and provision herein on the pa.rt ~of I~iortgagor to be complied with and performed, then these ~ presents shall be void. " . . .And 1liortgagor hereby covenants as tollows: . j . ~ - _ - To ~y, with interest, sald note and any ex#ensions or renewals thereof, in whole or in part~ and all other - indebtedness or l[ability hereby secured, however created or evidenced, promptly when the same respectively becomes due; to pay - , and/or dtscharge sny other amounts. indebtedness and/or liability that may in the future become due, owing or outstanding frnm ~ Mortgagor to hiortgagee, hewever the same may be or may have been contracted, evidenced or acerued;_ and t.*~at this mortgage ahall secure all such amounts, indebtedness and/or liebility to the e~ctent of s? ~r.n~~ _ 00 ~ in uddition to all other amounts due or to become due hereunder as herein apecified; to pay all taxes and assessments leWed or assessed upon said pmperty before the same become delinquent. and in no event to permit sald property, or any part thereof, to be aold for non-payment of taxes or _ assessments; to keep said property in good repair and to permit, commit or suffer no waste. impairment or deterioration thereof; - to comply strictly with all laws and governmental regulations and rules a.ffectir.g said property or its operatIon; to pay all taxes that may be le~~ied or assessed on this mortgage or the moneys secured hereby, provided that in no event shall the ar.iount paid on account of auch taxes~ together with the interest patd on the indebtedness secuted hereby, exceed the max[mum interest rate allowed by law; to pennit no mechanic's or other liens arising etther by cantract or by law~ which might be prior in lten to the lien hertwf, to be created or rest upon all or any part of aforesaid premises or property for ten days without the same being ~aid or mleas~d, and discharge of said premises and property therefrom procured; and to pay all costs and expenses incurred or paid by ~Ioitgagee in collecting the moneyg hereby se~~red or in enforcing or protecting the tights and security of the Mortgagee hereunder, including reasonable attorneys' fees, in the event ssid mortga.~e and note or other e~~idence of liability be . placed in the hands oi an attorney for collection. Mortgagor further covenants to keep the buildings, structures and other improvementa now or hereatter erected or placed on • the premises and constituting a part of the mortgage security constantly insured agaInst all loss or damage by fire in a sum not - less than ~-~A ~ ; and against all loss or damage by tornado or windstorm in a sum of not leas ihan Nf A ~ in inaurance compaNes satisfactory to Mortgagee (but Mortgagee ahall not bs liable !or the insolvency or irresponsibUity of any such oompanies), and to pmmptly pay all premiums for auch insurance._the polic[ea representin~ which shall bE delivered tr~ and held by Mortgagee as additIonal security for the payment of the indebtedness and liabWty security hereby. All aums recoverable on eny such ins urance policIes shrzll be made payable to I~fortgagee by a losa payable clause satisfactory to Mortgagee, to be attached to such pollcies. Tn the event any such insurance policy shall expire ~ > during the life hereof, 34iortgs;gor agrees to procure and pay for rer.ewal thereof, with the above requirements~ reglacing such ~ . expired policy, and depc~ait the same with ?oiortgagee, together with receipts ahowing payment in full of pramiurr~s therefor, ten days prior to the expiration date of suct, policy. In caae of loss l~iortgagee is hereby authorize3 to adjust and se2tle any claim _ under any s~ch pollcy and Mortgagee i$ authorized to collect and receipt for any such insurance money aad to apply the sairae. at Mortgagee's option, in rezluction of the indebtedness hereby aecured, ~vhether due or r.ot, or to aliow Mortgagor to use such insurance money, or any pa~rt thereof, in repairing the damaae or restoring the improvements or other property without affecting ' the lien hereof for the !ull amount aecured hereby. _ - ~ It is further covenanted that liortgagee may (but shall not be obligc?ted so Yo du) adti•ance moneys that should have been - paid by Mortgagor hereunder in order to protect the lien or security hereof, and 1liortgagor agrees with~ut demand to forthwith Y _ repay such moneys, which amount shall bear interest fcom the date so advanced until paid at the rate of per cent, per - ~ _ annum and shail be considered as so much additional indebtedness secured hereb but no ~ y: payment by Mortgagee of any such rnoneys shall be deemed a waiver of riortgn~ee's right to declare tl`ie principal sum due hereunder by reason of the default or ~zolafion of I~iortgagor in any of his covenants hereunder. . ~ Mortgagor further covenanta that grantIng any extension or extensions of the time payment of any part ur all of the tota.l indebtedness or liability secured hereby, or taking other or ac~ditionai security for payment thereaf, shall not affect tliis mortgage or the rights of riorFgagee hereunder, or og~rate as a release from any llability up~n any pxrt of the indebtedness hereby secured, under any covenant herein contained. . _ - . -i I[ is further covenanted and made of the essence hereoi that in case of deisul~ for five days in the performance of any of ` the covenants herein on the part of Mortgagor, then it ahall be optional vvith T~iortgagee to consider all unmatured indebtedness or ~ ~ liability secured hereby, and aecrued interest thereon, as immecliately due and payable, witho~.tt demand aa?d without notice or ~ - declaration of said option, and Mortgagee shall have the right forthw:th'to institute p;oceedIngs to enforce the collectiorl of aU ~ j _ moneys seeured hereby and/or to foreclose the lien hereol. - _ - ~ It is further sti ~+~lated and ~ ~ ~ agreed by and between the partles tbat the Mortgagee shall have the rlght to exercise an}r option ~ ~ ~ or privilege herein gi~en or reaened and to eniorce any duty of ihe •Mortgagor at any time wlthout further or other aotIce ~ _ regardless of any prlor waiver by Mortgagee or default oi Mortgagor or delay by Mortgagee In exercising any rlght, opUon, or ~ privilege or enforcing auch duty of Mortgagor, and no wsiver by Mortgagee of default of Mortgagor nor delay ot Morta~agee in ~ ~ eaercising any r[ght, privilege, or option or in enforcing any duty of Mortgagor shall be deemed, held, or constnied to be a waiver - ~ of any of the terma or pmviaiona of this mortga.ge or o! any aubsequent deLeult. ~ ; ~ ~ goQx ~4U 9~ ~ ~ ~ - = , ~ ~ - . _ ~