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Home My WebLink About1625 _ _ . . - a.. . . _ _ . _ . . ~ . _ . . . :x,-- . t • ~ ~ ~ _ _ . . _ _ - - _ ~ t i _ ~ . i ~ ; . ~ ~ pnd until full payment thereof~ or r.ny extetiaiona or renewals thereol. in whole or in part. and payment oi all other indebtednesa or llabillty that may become due or owing tnereunder and secured hereby. shall faithfully and promptiy comply with and perform each and every other covenant and provislon hereii! on the part of Mortgagor to be complied with and pertormed, then these presents nhall be void. . . Md 1liortgagor hereby covenants as followa: , _ To pay, with inferest, said note- and any extensions or renewals thereof, in whoie or ia part~ and all other - indebtedness or ltsibility hereby aecured, however created or evidenced, promptly when ihe same rea;~ecUvely becomes due; to pay and/or dixharge any other amounts, indebtedness anr~/or 11abiUty that may in the tuturE become due, owing or outstanding fmm Mortgagor to Mortgagee, however the same may be or may have been contracted, evidenced or accrued~ and that this mortgage shall secure all such amounta, indebtedness and/or liabWty to the extent of ~~~~~0~ . 00, ~~~tioa to all other amounts - due or to become due hereunder as herein apecified; to pay all taxes and assessments levied or assesse& upon said property before the same become delinquent, and in no event to permit said property, or any part thereof~ to be aold !or non-payment of taxes or _ assessments; to keep said property in good repai~ and to permit, c;ommit or auffer no wa$te, impairment or deterioration thereof; to comply strIctly with all la~vs and governmer.`,:,,i regulationa and rules aftecting said property or its operation; ta pay all taxee . that may be levied or assessed on this mortgage or the moneys secrred hereby~ provided that in no event shall the amoiint paid on account oi such taxes, together with the intereat paid on the indrbtedness secured hereby~ exceed the maxtmum interest rate - allowed by law; to pernait no mechanic's or other llens. arieing either by contract or by law~ which might be prior in lien to the lien hereof, ta be created or r~st upon all ar any part of atoresaid premises or property for ten daya without the aame being paid or released, anc} discharge ot aaid premi.aes and property thereirom procured; and to pay ell costs and expenses incurred or paid i by Mortgagee in collecting the moneys hereby secured or in enf~rcing or protecting the rights and eecurity of the Mortgages ~ hereunder, including reasonable attorneys' fees, in the event aaid inortgage and note or other evidence of liability be i placed in the hands of an attorney for collection. - - - - ~ Mortgagor furthef• covensnts to keep the buildings, structures and other improvementa now or hereatter erected or placed on - the premises and oonstituting a part of the mortgage eecurlfy constantly inaured against all losa or damage by fite in a aum not _ less ihsa ~ N~A~ ~ ~ and against all losa or damage by tornado or windatorm in a sum of not less than ~ N~A , in insurance comptinies astisfactory to biortgagee (but Mortgage~e ahall not be liab2e !ar the in~olvency or irresponsi6ility af any such oompaniea), and to promptly pay all premiums for auch insurance, the polides _ representing which ahall be delivered to and held by. Mortgagee as additional aecurity for the payment o! the indebtedners and • ~ liab;litq eecurlty her_by. All auma recoverable on sny such insuranae poliMes shall be made payable°to Mortga.gee by a loas gayable clause 6atlsfactory to Mortgagee, to be attached to auc h pollcies. In the eveat any ~such insura.nce poIIcy ahall expire . , duririg the life hereof, Mortgagor agrees to procure and pay for reriewal thereof, with the above requirements, replacing such _ expired ~olicy, and deposit the aame with Mortgagee, toget.'~er with receipts ahowing payment in full of premivms therefor~ ten = days prior to the expirxtion date of such policy. In caae of loss lliortgagee is hereby authorized tc~ adjust and settle any claim - under any euch policy and Mortgagee is authorized to colect and receipt for any such insurance money and to apply the same, ~ at Mortgagee's option, in reductton o! the indebtedne.ts hereby secured, whether due or not, or to allmv Mortgagor Eo use such : i.-isurance money, or any psrt thereof, in repatting th2 da3nage or r2storing the improvements or other property without affecting ~ the lien hereof for the full smount secured hereby. - ~ It is further cot•enanted that Mortgagee may (but shall not be obllgated ao to do) advance moneys that should have been paid by Mortgagor hereunder ir_ order to pratect the lien or eecurity hereof, and Mortgagor agrees without demand to forthwith repay such moneys, which amount shall bear Lrterest frcm the dat~ ao advanced until pa3d at the rate of per cent, per _ annum and shall be considered as eo much ad~tional indebtedness aer.ured hereby; but no payment by Mortgagee of any such = moneys shatl be deemed a waiver of Mortgagee'a right to declare the principal sum due hereunder by reason of the default or ~ violaidon of Mortgagor in any oi his covenants hereunder. _ ~ Mortgagor further covenanta that granting any e~ctension or extensions of the tiYne payment af any part or a11 of the total ~ indebtednes~ or liability secnu~ed hereby, or taking other or additional ~ecurity for payment thereof, ahall not affect khis mortgage or the rights of Mortgagee hezeunder, or operate as a release from any liability upon any part of the indebtedness hereby aeccured, - under a,ny covenant herein contained. - - It is further covenanfed ar~d ma.de o! the essence hereo! that in case of default for flve daya in the performance of any of ~ the cocenar.t9 herein on the part of Mortgagor, then 1t aha11 be optional with Mortgegee to conaider all unmatured indebtedness or liability secured hereby. ar?d accrued interest thereon, as immediately due and payable, wittiout demand and without notice or - declaration of s~id option, and Mortgagee ahall have the right forthwith to institute procxedL~ga to enforce the coliection ui ail - moneya aecured hereby andlor to fareclos~ the llen hereof. - _ _ _ _ _ . _ _ • . ~ ° it is iuriiner siiputatea anct a~ by snd between tne pariies 'tna't t:ne ~iori:gagee aiaai3 aavc tne righi to exercise any ppiion ~ or privilege herein given or reeerved and to enforce any duty o! the Mortgagor at any time without iurther or other aotIce # regardlesa ot any pdor ~vaiver bq Iriortgagee or~deisult ox Mortgagor or dek4Y by Mortgagee in exercising any right, opUon, or ~ privilege or enforcing such duty af Mortgagor~ and no watver by Mortgagee of default o! Mortgsgor nor delay oi Martgagee in e~cercising any right~ privilege, or option or in enforcing any duty of ]riortgagor shaIl be deemad, heid, or c~nstrued to be a waiver _ of any of the terma or proyidons of thie mortgage or ot any aubeequent defaul~ " • • • ' _ _ ' ' ~04K~~~ PAGEi~~~