HomeMy WebLinkAbout1798 01~22~90 13:14 GIAJSTER-BOCA 014
Property. No part or the M~rtqayed PropCrty, includinq, but
nOt limited to, ai?Y Luilding, atru~ture, water ay~tem, sewer
~ygtem, parkiny lot, driveway, landac~pe ~cheme, timber or
other gr~u~ia ~mpcpvement, equipment or othet property, now or
hereafter m~rtyny~~, shall be removed, demolished or meteri~lly
dlt~Lbs wiLhou~ thc prior Nritten consent a~ the Mortgag~~. No
tup soil, sand, sod, lo~m, cley or qrevel ehall be mined,
stripped or removed lrom tha Mortgeqed Property Kithout the
~ written conaent of the Mort9ayee. IloWever, this ahell not
' prevent or restrict removel of eny auch meteriel~ taken for
caCavatipns n~CG~sarY t0 COn~tiuCt e b~SCmCnt, CCl~dr Or
foundation footing~ for the erection of a building or builAinqs
for which o buflding permft or permita hea or have firat been
issu~d by the govcrnmentel authority havinq juri~diction
~ thereof; or for the conatruction of roedways constructed in
occordance with plan~ ~pprOv~d by the yovernmental authutiti~s
i hdv~~g juriadiction thereof; provided, nevertheless, th~~ in
~ tho event the required r~mov~~a become ao eztenaive, ~a
~ dctermined by the Mortgagee, aa to creaLe prolit ~y ~al~ the
~ ~emoved portion of the Mortgaged Properly, ~oi~ ~uciia ahall
~ inure to the benefit of ~he lhe Mo~tyay~n t~ be app~ied es the
~ Mortqagee so direc~s, to tti~ Le~ucti~n of the SecureA
E In6ebtednesq.
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6ection 3.5 MQ~~y~~a Less~r ~
; The Mortgaqor ahall faithfu2ly p~~fvim the COVertant~ pf the
~ Mortgagor a~ leaaor under any pre~a~siit and future leattes,
~ affecting all or any portion of the MvrtgageQ Propert~+, 3nd
~ neither do not neglacl t~ c]u, npr permit t0 be don~, anything
~ which may diminish or impair their value, or the renta provided
~ for therein, or Lhe interest ot the Mortgagor therein or
~ thereunder. The Murtqagor agrees: {a) that sai4 leases shall
remai~~ in full force and eftect irrespective of any mer9er of
~ the intara~l ~f the leasor and leasee thereundQr; (b) th~t it
€ will not l.ran~fer or convey the title to the Mortyaged Property
€ (subject tv the restrictions of Section~ 4.3 and 9.4 bereof) to
; any of ~h~ l~saeea wilhuut cequiring such leasees, in writinq,
to 3:.~Ut~f1e ar~c~ a~rec l.o pay the l5ecured lndebtedness in
accorda~~c;e with the terms, covenants and eonditions of the Note
and this Mortgage; (c) that if the lease pravi~es for the ~
abatement of rent during repair of the demised premises by
reason of fire or other casualty, the Mortgayor shall furniah
rental insurance to the Mortgagee, the policies to be in the ~
amvunt and form and written by such insurance companies e~s
shall be satisfactoTy to the Mortgagee; (d) not to terminate or
mat~rially modify or amend said leaaes or any of the term~
thereof, or grant any concessions in connection therewith,
either ora?~ly or in writing, or to accePt a surrender thereof
without the written ~onsent of the Mortgagee and that ~ny
BQ~K s7~ ~~~F1798 ~
13
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