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Home My WebLink About1707 " . "' . ,." ~-- ___-'....----.....---" -.....-...-.~' ..-...~...............I...~.;" --.. -' ~--- ,~-------.....-.'.-----'---_. 7 251 a~t ST. LUCl[ COUNTY, rL~.~ TOO~THn WITH aD .-d !hIpIu the llIIMmGWw MINl~ ... .,.4l1llU... In ....J 1.fT '1' ~ " 01' ~ ..,... thereunto appe~nin. anc: the ~ts, __ aPCi po6u r.aa.ol, &Ad .. All .. ....... ..." .... ___ ... .. daIa ... demand ",ha~r, .. wd la law .. la equity, of tM .w WClrtJl'lCOr ih ud eo 11M ..... ~ WI .. ...... .~: (a) Ail :cnla, proF-ta, reYaluel, royaltia, rip.. Uti lMMfi.. _Md froaa (l) 'c:nlP ..-. -... ....,. ~ JlIOdw* of the JOil otherwiM (2) oil, I" cr Mineral Ieuea of the premi_ 01' any pwt tbeAol. IlOW .... .. .......... .... ... (~) all uther rents. wuea and profiu of me premlMI from time to dme acuV...., ....... UDder .... or ..,...-i- DOW aiIeiq or hereafter created; in each IUch e&Ie with the rltJlat in the WortpSH, but i)ftJy at l.. optioD, to reecIft and f9Calpt therefor and to apply the o.ame .. it may elect to any indcbwd_ ~ured here"', ..At the ~. .'hI ~ -, '--d, ... for and reCOHr any luch payments, retervilll to the ),fortPIOl', boweYer. 10 -. .. ..w W....... .. .. ie .,.. ........ .. right to recei\'e and retain luch rents, i..uea and preSta. .. y",~; "1, .. ...~" :," f I . (b) ..\11 jud~nlJ, awards of d~ and ..ttlement. hereafter rude III . reRk 01 or. ia Iiw 0(...,. takiaa 01' the premi~1 or any part thereof under the power of eminent domain. or fOC' &DJ damap (whether c&lUOd ~ I1Ida takUII- odMIwiIt) to the premites or the improvementl thereon or any part thereof; .w:h part of any IUch jud.-nt, award 01' _dement, &I the Mortgal(ee may elect to be :>.pplied to the indebt~ness hereby IKUred and the balance the:ecl, if any. to be ~ to the party or p.\I'tiet otherwi-e entitled thereto. TO ~AVE AND TO HOLD the :lbove scanted and deICnOed prmUaea to the ..~!d NOf't8&1ec. ita au<<eIIOI'I and allip.a, fore\ocr, an" 11'11 ui" HI I!lA!lU "tU lul'llt~ f~) J. 1.1'11 ...'- M ..Ii hni, An4i ,ill ....d .. 1fT ae 'l' .. 11 fl! 1,:_. ,I ~U PI" I" -. LII>II p'U; provided alwa)s th2t if Mortla~r Ihall plly tn M~ that certaln t"" r-..y note Abow described a"d shall perforn'. all other covenants and rendition. of said ~ note, and of any renewal, exten.aon or modi- fication thert'Of. and of this .mor;gage. then thil mort!ale and the ettate h~reby crelitf'rl ahall cease and be null and void, Mortgagor further covenants and a~ with Mortga~ec .. follows: 0 I. To pay all suI1u jnd\1din~ intenst leCured hereby when due, l\J providt'd for in aaid promlllOr, II<M aod uy reacwaI. l\. ~xtenrion or mojification thereof and in thiJ mortgage, all luch lum. to be payable In lawful money of the United ~tatea of - !1 America at Mort~al(ee's aforesaid principal oflke, or at luch other place &I Mortgasee may deaiS1late in writlnr. 2, To pay when due, and without requiring any notice fl'Om Mortga~, all tuC$. a_menU of any type or nature and other char~es levied or a15('lJed u;ainst the premises hereby encumbered or any interest of Mortgale therein, To iuunedl- ~.!e!y pw and di.char~e any claim, lien or encumbrance againat 11Ich premises whirh may be or become auperior to thll mort. gage and to permit no ddault or ddinquency on any other lien, encumbn.n,e or charge against auch premiaet. 3. If required by Mortgagee, to also make monthly depociu with Mortl(al{cc, in a non-interest bearing account, t~er with and in addition to interest and principal, of a 1\1,111 equal to one-twelfth of !'he yearly taxes and aasesrmenta which may be levied a""in\t the pcemises, and (if so required) one.twelfth of the yearly premiums ror inturance thereon. The amount of IUch taus, ;mes.sments and premiums, when unknown, Ihall be eltimat.-d by Mortga/ree. Such deposiu Ihall be used by MortplH to pay such taxes, a~s('ssments and premium~ when due. Any inaufficiency of such account to pay such chargt; when due shaD be paid by Mortgagor to Mortgagee on demand. If, by reason of any default by Mortgasor under any proviJion of this mort- I(al(e, Mortl(agee decl;ues all .ums lecured hereby to be due and payable, Mortl{agee may then apply any fundi in aaid account :><:aimt lhe entire indebtedness secured hereby. The enforceability of the covenanU relatinr to tue" aDl'UJ1\ents and !:l:'.!!"'_'!':'" premium I herein otherwise prm;cled shall not be affected except in 10 ru at th~ oblilf'ations have been met by compliance with thi~ paral(raph, Mortlf'alf'ee may from time to time at iu option wlIive, llnd after any such waiver reinstate. any or all provisions hNeof req'!iri"g such depo~il!, by notice to Mortgagor in writin~, While any luch waiver il in l"ffect Mort(&lOr aha!! ::,,"y 1"""', assessments and insurance premiums as herein e!Jewhere provided. 4, To pay all taxes, ~tamp tax or other charge which m:\y be aJJessecl u;>on this mortPle, or said note, or indebtedness .ecurcd hereby, without r('l(ard to any law, Federal or State. heretofore 01 hereafter en:l.cted, imposinl payment of all or -.ny p'.r! thereof upon Mcrtga"ee, In event of ~nactment of any law imposinlf' payment of all or any portior of any IUch talCei upon Mor'lf'al(ee. or the renderin\( by any court of last resort of a d~cisjon that the undertakins by Mortpsor, N herein provided, to pay such tax Or taxes is kl(all)' inoperative, then, u....leu MortgaFlor ne\'l:rtheless p3yJ such taxes, aU lums hereby ae<:ured, witl.out any dedunion, shall at the option of Mortga~ bKome immediately due and payable, notwithrtan<!inS anythinl contained herein or any law heretofore or hereafter enacted, . I 5, To keep the premisN insured against lQU or damase by fire, windstorm or extended coverase and IUcb other huarda .. may be required by MortgaFlee, in form and amounU rati.factory to, and in insur.nce companies approved by Mortpgee, and mth acceptabl.:: rnortl(al(~e loss payable clauses allached. Such policies, together with such abstracts and other title evidence &I may be required by Mortl(al(ee, shall be delivered to and held by Mortpgee without liabilitY. Upon forec1oaure of thia IDOrtrllp or other acquisition (If the premises or any part thereof by Mortgasec, ~d policies, abltracU and title evidence ahall become tile absolule property of Mortlfalf'~, 6. To fint obtain the wrillen conlCnt of Mortpgec, IUch consent to be granted or withheld at the IOle discretion of IUch Mortl(~ee, brfore (a) removin~ or demclilhing llJ'li' buildinl now ?r hereafter effCted ...n the premites, (b) alcerinc the arran,e- ment, de.istn or structural charact~r thereof, (c) Makin! any repairs which involve the removal of uruetural pUll 01' the exp..-Hure of the interior of such building to the elemenu, or (d) cxcej>t for domestic purposes, CUlling or rtmoving or permitting the clllling and removal of any trees or timber on the premilC', ~l i.' 7. To maintain premi~s in l(ood condition and repair, includinll but not limited to the makinll of lilrh repairs .. ),fortgacec may from time to time determine to be neces.sary for the preservation of the premi~1 and to ~t commit nor permit any waite tr.ereof, 8, To comply with all laws. ordinancc.. rcgu!atioOl, covenants, conditions and restrictions affecting the premises, and not to suffer or permit any violation thereof. 9, If Mortgagor hils to pay any claim, lien or encumbrance which il luperior to this mortPle, or, when due, any tax or as~eument or imurance premium, or to keep the prtmiaes ir. repair, or shall commit or permit waste, or if there be commenced am action or proceedir,g affectinlf' the premi~s or the title thereto, then MortgaseC!, at its option, may pay said claim, lien, encum- brance. tax, a~"ment or premium, with right of subrogation thereunder, may make such repairs IInd take IUch lteps .. it deema adv;,able to prevent or cure such waste, and may appear in any such action or procttdins and retain eounICI therein, and take such action therein as Mortgal(ee deems advisable, and for any of aaid ..urpotet MortJa~ee may advance I\lch luma of mone'J, including all cost" feet - and other iterru of expenlC as it deemJ necessary. Mort!agec lhAU be the JOlc judge of the l.ep}ity, \'?Iidity and priority of any such claim, lien, encumbrance, tax, ~ssment and premium. lIDd of the _.JIlt necessarv Ie, be paid in s?tisfaction thereof. Mortgllgee Ihall not be held accountable f01' Ilny delay in makin, any I'.!~h payment, which delay may re~ult in any ...ddi.ional interest, cost. chafles o~ expense othelwUe, 10. Mortgagor will pay to Mortgagee, immediately and without demand, all sums of money advanced by Mortgagee pursuant to this mortgage, together with interest on each such advancement at the rate of 6!% per annum, and all such sums and, interest thereon shall be secured hereby if made by Mortgagee tor the account of !'vlortgagor because o( Mortgagor's default. 11. All sums oI money secured hereby shall be payable without any relief whatever from any valu3.tion or apprf'isement laws.