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Home My WebLink About1673 Ib~t 7 223 ';' $T. LUtlE C~T, r~A. ' ' TQGETHU WITH all and IiDplat dill, ........ III"lilw rlll _ ............ ....Ult.. '''v..u''lf - .. ...,... thereunto appertAini.n, &00 the rents, ~ iliad proia ...... ... no .. .. ..... rlI'l, Iht-l. --- ... iii .... .. demand whauoewr, AI well In law .. in equity. 01 .... .w ......... ia ... eo .. ..... ~~'. .... Mil ...... .; (a) All renta, profits, rnoenlaCa, roya1ries, npta and beoefita derived f..- (I) eropI powa - .... ......., ... ....~ of the lOil otherwiac (2) oil, ,U or miMral '- 01 tM prenUJ. w ..., put ~. ... ....... - ~' ............ (3) all other rents, issuet and J.'rofits of the pr 1ftiIea from U- to tl_ accnOc. wIIctIMr under ..... or .......""'*' -- aiIllPlc or herealter creatffl; in each luch cue with the rifht ill tIw NonP.pe. bet Clftly at ha opdaa, to I'eCIIM ud receipt ....,. OUld to apply t~e ume u it may dec:t 10 any indebted- eoaued bnebJ. and the Monpaee, at it'lopdoa, m1Y ~ ... for and reWHr any luch payments, relervinl to the MortllfllOr, boweYu, 10 kInJ U said WClrtpIOI '* DOt fa defauh ....... tIM r:oht to receive and retain luch renU, i..uea and pu6ta. (b) All judgments, award. of d~ ."KI acttlementa hereafter' nude AI a rawt 01 \K in lieu 01 all' takioc of the premi~. or any p~rt thereof under the ~ of eminent dornaio, or for allY d~ (whether cauoed br I'iXIl ~ 01' odI.wic) to the premi.es or the impro\'emenu thereon or any part thereof; loch part 01 any such Judrment" award 01' eetdemast, as the Mortgagee mar elect to be appliffl to the indebtedne.. hereby accured and the balance thereof, if any, 10 be relel"Y..!d to the party or p.uties otherwi~ entitled thereto. TO HAVE AND TO HOLD the above gunted and deICribed premises to the raid Mortga<<ee, iu IUCcetaOn and aJIisDI, forever, -' , .... ,.,. .. j I' l .AJ to... J Ir" . I ~'f L I. I..i L L .. . L ~ ,~, ~.. ~.-il--).H~...., 1M1~ pA) 'we M.I1'&,"1 bl _..a. tA~~ .... Mew des<'ribcd and shall perform all othe.. eo\'enanlJ and conditionJ 01 ,a;d pronUaory note, and 01 any rmcwal, ~ 01' JlIIIOC1t. fication thN~of. and of this mortgage. then thil mortf.'age and the e1tate hereby creatffl shall celne And be nun and YOid. \ l Mortgagor further covenanU and a@"n'Cs with Mort!&pe as rollows: I. To pay all sums including interest secured hereby when dut', as provided for in uid promialory note and .ny renewal, a.temion or modification thereof and in this mortgage, all such rums to be payable in lawful money ." the UDitlrd States of Am,.rica at Mortl!:\l(ee'l :\foreuid principClI office, or at luch other place as Mortgagee may detisnate in writinl. 2, To pa\. when due, and without requiring any notice from Mortga!tff. all taxes, /lI..euments of any l1.lI or nature and other char<:es levied or as,e,sed against the premi~s hereby encumhfored or any inte~t of Mort!age therein. To immedi- ately p:w and di"han:e any claim, lien or encumbrance against IlIch premises which may be or becorne superior to this mort- gage and to permit nO default or delinquency on any other lien, encumbrance or cha~ against luch premitel. ".i'> 3, If reqllirffl hy Mortgal(ee, to also make monthly de~iu with Mortl(ll~, in a non-interat be&rinc ~rouit~er with and in addition to interest and prir.cipal, of a lum equal to one-t~Hth of the yearlr taxes and a.ueumenU which may be levied al!;ain.t the premises, and (if so required) one-twelfth of the yearly premiums for inn.rance thel"t'On. The amount of IUch taxes, ~"n'ents and premiums, whrn unknown, Ihall be estimat..d by Mortgal{ee. SlKh deposiu shall be uaed by Mortgasee 10 pay !IIch taxes, a"rS'ments and premiums when due. Any insufficiency 01 such account to pay IUch chaf'I'CS whm due ahall be paid by Mortgagor to Mortl(3l(ee on demand. If, by reason of any default by Mortg&llOr under any provisi<m of this mono I!;al(e, Mortll;al!;ee declares all <urns secured hereby to be due and p!\phle, Mortl(a~ee may then apply any funds in aaid account :\.-:"imt the entire indebtedne.. secured hereby, The enforceability of the co~..enants relatinl to taxe., uaesanenta and inJuranc.e premium. herein otl:terwi,e provicled shall not be affected except in 10 far as th~ oblilfation. have been met by compliance with thi, paral(raph, Mortl(all;ee may from time to time at its option waive, and after any such waiver reinstate, any or all ~onJ hereof requirinl( such depo,it>, by notice to Mortgagor in Wt'itin~, While any luch waiver i. in efI'~t Mortgagor shall pay taxea, ""e.!ments and insurance premium. as herein elsewhere provided. 4, To pay all taxes, stamp tax or other charge which m~y be aliened upon this r.lOI'tgalC, or laid not\!, 01' indebtednefol .ecured herehv. without r<'l!;ard to any law, Federal or State. heretofore or hereafter enacted, imposing payment of all or any parI thereof upon MOrll(al!;ee, In event of enactment of ar.): law impoaing pl\yment of all or any portion or any IUch taxes upon MOrl<:al!ee. or the renderinl( by any court of last resort of a decision that the underukinl by Mortgagor, u herein provided, to pay such tax or taxcs i, lel(ally inop....ative, then, unleu Mortgall'or ne\'ertheless paYI such tAxes, all ,ums hereby aecured, without any deduction, shall at the option of MortgalCC become immediately due and payable, notwittuu.nding anything conta~ned herein or any law herdofore or hereafter enacted, I I \ , 5, To keep the premi,e. insured against loss or damage by fire, windltonn or extended CGveI'alC and IUch other hazards &I may be required by MOrll!;a~re. in form and amounts satisfactory to, and in insurance companies approved by Mortgagee, and with accePtable mortl(3e;ee 10" payable clauses attached, Such policiel, to~ether with luch abstracts and other title evidence as may be required by MOrlll;al(ee, shall be delivered to and held by Mort~agee without liability. Upon foredOlUre of th;. moltgage 01' other acquisition of the premises or any part thereof by Mortgagee, lAid policies, abstracu &nd title evidence .ball become the absolute property of Mortga~ee, 6, To lint obtai" the written consent of Mortgagee, IUch con...nt to be ~r2 nted or withheld at the IOle discretion of IUch Morte;al(ee. before (a) removine; or demolishing any building now or hcreaftrr erected on the premises, (b) altering the arranlC- ment. de.il{n or structural charact..r thereof, (c) making any repail'$ which involve the removal or structural pam ~e expoclIre of the interior of such bu<ldine; to the elements, or (d) cxcept for domestic purposes, cutting or remodnl or ~tting the cUllinl( a"d removal of any trees ~r timber on the premises, 7, To maintain premi,~s in l(ood condition and repair, including but not limited to the makinlf or IUch repain as MortgalCC may from time to time determine to be necessary for the preservation of the premises and to not commit nOl' permit any waste thereoL 8, To comply with all law,. ordinances. regulationl, covenants, conditions and rcslrictions affecting the premiaes, and not to suffer or permit any violation thereof. 9, If MOrll(ae;or hils to pay any claim, lien or encumbnmce which is luperior to this mortgage, ur, when due, an, lax or assessment or inmrance prrmium, or to keep the premise. in repair. or Ihall commit or permit waitt:, vr if there be commenced any action or proaedinl/; affectinl!; the prem:Jts or the title thereto. then Mortgagee, at itl "ption, may pay lAid claim, liel., encum- brance, tax, as!e'~ment or premium, with rill;h: of subrogation thereunder, may make such reFn and take such steps u it deems advi.able to prevent or cure such waJte, and may appear in any such action or procecdinl and retain counlel therein, and tab such action therein as Mortl(a!(ee deem.- advisable, and for any of said purposes Mortgagef: may advance Neb IUIJlI 01. money, including all costs, fees and other items of expenae as it deems necessary Mortlagee shall be the 1<',Ie judge of th.e legality, validity and priority of any 'uch claim, lien, encumbrance, tax. alSeum~nt and premium, and of the amount nc<:ell&lT to be paid in '.llisfact;on thereof. Mortl(al(ee shall not be held accountablE for :1ny delay in makinl any .uch payment, which delay may re.ult ;n any additicnal interest, cmt, charges or expense otlierwiie. 10. Mortgagor will pay to Mortgagee, immediately and without demand all sums of mcney advanced by Mortgagee pursuant to this mortgage, together with 'interest on each such advancement at the rate of 6i% per annum, and all such sums and lnt~rest thereon shall be secured hereby if made by Mortgagee for the account of Mortgagor because of Mortgagor IS default. 11. All sums of money secured hereby sha~l be payable without any r~lief whatever from any valuation or appraisement law8.