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Home My WebLink About1634 7 18~ ~Qh (i 'Ur\( CD\Jl\11. fL~, . ' ' TOGETHER WITH all :md linguar the te~m~nh, l\eredil?m~nu and api>urten.lnCel thereunlo belonging or In anyw'~ thereunto appertAining snd u.e renu. iuuel and profill thereof, and aho r.ll the estate, right, title, inlerest an~ :III c1a.m and demand ....hatsoever. u well in law as in equity, of the uid MClrtga30f in and to the uo-e, ir.c1uding but not 11m, led 10: (a) All rentl, profiLJ, revenuel, rofahie., righu ~nd benefits dui\'ed from (I) crops grow~ .on .aid sec~lrilY and produce of the soil otherwise (2) oil, gal or mineral le3sel of the premises or any part thereof, now eX"l1ng or heretna~ler made" and (3) all other rento, iuues and profits of the premilt'l from time to time aCl'ruin'(, wh"lher under leases ~r tenanc,..s now ..""I,ng or hereafter created: in each luch ClUe with the right in the Mortgagee, but only at its oplion, to recel\'e and rec"'PI Ih..rdor and to a;lply the .ame as it may' de(( to any indebtedneu secured ~reby, and the MOrll~agee, al iu option, mil)' demand, sut' for and reco\er any luch paymenu, reser\'ing to Ihe Mor~~ap:or, however, ,,', lon~ al said },~ortg.lgor is not in dcfau\l I.ereunder. Ihe right to receive and rela;n IUch renLJ, iuues and profiu. (b) All judgmenls, aWArdl of damagt'1 and letllements hereafter nude as a r""llt of. or in lie... of a~y taking of .Ih.. premi~1 or any part Ihu..of under the power of eminent domain, or for any dam:.ge (whelher caused by such lak'ng or othef'\'I<e) to t~e premises or the improvementl Ihereon or any part thcreof; such part of any such judgment, aW:lro or ,eltklnent, as the Mortgao;..e may elert to be applied to the inc..btedneu hereby ,..cured :lnd the b:llance thereof. if any, to be reserv..d 10 the party or partiel otherwise entitled thereto. TO Ho\ VE AND TO HOLD the above granted ?nd described premi,es to th.. "it! MO't":lg.'c, iu succeHors and a..igns, forever, -p'! ,\::i, .Rill }(Tr1EJ .:nr ~... "Irs". l~n~ Jrfl' ..hl lil1 ,. ..i~ 18..11, rt:'A ill dr'TAA ,"-t I'.......... Ul~ ':"lIt ,~- 1'h.fl,1 Cl...:~... ?' ...11 f-~--- ,,~""................._...r; pro\"id~d always that if Mort~a~or shan p:\)" to ~{ort~~ili{rt" that C'C'rtain promis!;of)' note above described anc shall perform ali oth~r ro,'enant, and conditions of said promi,sory note, and of :In)' ren..w~l, cxten!ion or modi. fication th~r..of. and of this mortgage. then thil mort!,ag~ and the e~':lte hcr..by crc11..,1 'h:1l1 cn'e :lncl h.. nllll :,nd vo;el Mortgagor further covenant! and a/l'rees with Mortgagee as followl: /' I. To pay all lums inclllding interest se~ur..d hereby when due, :IS pro\id,.d for in .aiel promissory not.. :lnd :lny rene~l. elltension or modification thereof anri in this mortgage, all luch sum. to be pay~ble in hwful monrY of Ihe l'nitcrl <;(;,I.'S of Amerira at Morlgal(e~'s :lforesaid principal office, or at luch other place as Mortgagcc may d..ignate i" writing. II, 2. To pay when due, and without rrquirini{ any notice from ~{ortr:~'Zee, :III 1:1',"', :I<,n,rncnts of an)' type or nalure \I . and ot~er charges levied or aJ,..sed against :h~ premis~s her~by enrumbt-rerl or any internt of ~hrtl(a~e ther,.i". To ;mmedi. J .ately pay and <'i\<harl(e any claim, "~n or encumbrance against SItch premi,es which m:", h.. or h<'come ,uperior to this mort. (I gage and to permit no default or delinquency on any other lien, encumbrance or charqf' "r:aimt such pr~mises. 3. If required by Mortgagee, ,0 :ilso make monthly dep:><it, with Mort~a!(cc, in a 110n-interest bearing accOllnl, tog~ther with and in addition to inter~st and principal. of a sum e':jual to onc,twelfth of th~ \earlv !;\xes anri ..ssessmenU which may be levie<l again't the premises, and (if 10 required) one-twelfth of the yearly pr~millm! for in'"ranec thereon. The amollnt of such tues, llsseuments and premiunu, when unknown, Ihall be esti.nated by Mortgagee. Such deposit! shall be us~d by Mortgagee to pay I\'ch taxel, alleuments and premiums when due. Any insufficien,.y of mch account to pay such ch:lro:cs wh~n dll~ shall be paid by Mortgagor to Mortgagee on demanel. If, by reason of any eI,.fault by Mortl(agor uneln :lny p.ovilion of this mort. ~~, Mortga~ee declare. all .ums secured hereby to be due and p,'\yahl~, Mortg:lg..e m:lY Ihcll apply any funels in said account alf'linst the entire indebtedness secured :\ereby. The enforceability of the covenant! re"'ting to 13""', assessments and insurance premiums herein otherwise provicled Ihall not be affected except in so hr as those oblill::ltions have been met by compliance with this paralfTaph. Mortgagee may from time to time at ill option waive, and after :lny such waiv..r r..in'tate, any or all pro\'isiom hereof requiring such deposit!, by notice to Mortgagor in writin~, While any such waiver is in ..{fect Mortgagor Ihall pay taxes, uscumenLJ and insurance premiums as herein elsewhere provided. 4, To pay :111 taxes, Itamp tax or other charge ....hich m~y be a.~"rd upon this rnort~age, or said note, or indebtedness secured hereby, without rcgard to any law. Federal or State, heretofore or hereafter ..naeted, imposin!( payment of all or any part thereof upon Mortgage~. In event of enactment of any la.... impotinv; paymt'nt of all or any portion of any wch taxes upon Mortgagee, or the renderin!( by any court of last resort of a decision that the unclntaking by Mort!(agor, as herein prflvided, to pay luch t.I'" or taxes is lel'ally inoperative, then, unleu Mortgat:'or ne\'crtheless p:\y! such taxes, all sums hereby securcrl, without any deduction, ahall at the option of Mortgagee become immediately due and payable, notwithltanding anything contained herein or any law heretofore or hrrt'af!t'r enacted, ~. To keep the premist'1 imured against 1011 or damage by fire, windstorm or extended covcrage ilnd luch oth~r hazardl as may be required by Mortgagee, in form and amounts u.tidactory to, and :n insurance companies approvecl by Mortgl!p:ee, and with acceptable mortga~ee lOll payable clauses attached. Such policiel, to!(ether with such abstr:tfls and other title e\'idence as may be required by Mort!(a![ee, ahall be delivel"ed to and held by Mort~gee without liability. Upon foreclO!ure of thil mortgage or other acquisition of the premises or any part thereof by Mortgagee. said policies, abstractl and title evidence shall becorn.. the at.olute propertr Olf Mortgagee. 6. To fint obtain the written conlCnt of Mortgagee. such consent to be I'rant..d or withhelel :It the sol.. discretian of such Mort~~. bfofore (a) remo.inlt or deroolishing any building now or herufter erected on the premivos, (b) altering the arran~ ment, d~ilfT' or stru<tural rharacttr thereof, (el making any repO\irs which involve the remonl of 'truc!,..al p:\rts or 1te ,.. exposure of the intt-rior of sud. building to the elements, or (d l cxr~pt for domestic pnrposes, clI!tin!( or remo\'inll; or per.l.'!tin~ \;he cutting and removal of any treel or timber on the premises, 1\ 7, To maintain premileJ ir. good condition and repair. including but not limited to the makin( of such rep:lirs as M(ltt~ag..e lotnay frem time to time determine to be neeeuary for the preservation of the premill"s and to not commit nor permit any wa,t,. the.eoL B. To comply with aU laws, ordinarcu, reculationJ, covenants. conditions and restrictions "fleeting the prern:~'. and not to .dler or permit &1\Y violation thereof, 9, If Mortrqor faib to pay any claim, lien or encumbrance which is .uperior to this mortgage, or, when clue, any tax or UleUmCnt 01' insurance premium, 01' to Itt"'~ thf' premises in repair. or shan commit or pennie waste, or if there be cornmenc~d any action or proceedin, a"eetlng the pre mile, or the title thereto, then Mortgagee, at iu option, may pay laiel claim, lien. encurn- brance. tu, usenmeftt or premium. ""ith ript of .ubrOllation then:under. may make luch repain and take such steps as it dt'ems ad\i.-bIe to prevent M cun: tuCh wute, and may appear in any .uch action or proceeding and retllin counsel therein, and take JU<:h action themn ... Mortgagee deeml adviaab!e, and for any of said purpotel Mo~a~ee may advance IUch IUms of mon~. Includin, all cc.U. rut and ot".er itenu of expense u it d_'eTnl nc-ceuary. Mortptee ahal! be the sole judge of the legality, validity and priority 01 any .uch clalm, Uen, Ln<:umW&ne:e, tax, .~t and premiwn. and of the amount necessary to ~ p~d bt latid'-.:Uoo thereof. ),(ort~qee ahall not be held accou.n~le for IIny delay In 'makinlf any Nch payment, which delay may result in any adci1t1onal ln~;at. c:ort, cDarpI or expense otherv.ise. 10. Mortp,or will pay to Mortgagee. immediately and without demand. all sums of money advanced by MoI1pgee pUrsuant to this mortgage. together with interest on each such advancement at the rate of 6t% per annum. and all such sums and intert!st thereon shall be secured hereby if made by Mortgagee for the account of Mortgagor because of MortPior'S Qt!tault. 11. All sums of money secured hereLy'sha:.l be payable without any relief whatever from any valuation or appraiGement laws.