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Home My WebLink About1728 ~b~k 7 278 ~ ~ TOOItTHU WITH an and ainp!ar the ~n~\~~.Q.Yl\,ll' A ~C'n&Dcea thereunto belo"sins or in an)'Wue ~to appenainins and tha rents, PNet aDd proIu th~, and alIo all the utate. riSht, \..Ie, interell &nd all claim and dcma.od wba~r, .. .'CD in law .. in equity, 01 the I&id MOrtPlOr in 3f\d to the ~w:. indudins but not limited to: (a) All rents, profits, reveouet. roy..utiea, ri,hu and benefiu derived from (I) Cr?pI ~n on laid &e(;urity and produce 01 the toil otherwile (2) oil, S" or mineral kaau of the prernile. or kIlY part dlereof, now .xuting or hereinafter made, and (5) aU other rents, ilsuet and j)rotiu of the premitea from tinle to tim~ accruin!i, whether under leases or tenanciel now existing or hereafter creat'!d; in each IUch CalC with the risht in the Mortlfasee, but only at its option, to receive and receipt therdor and to allply the ume a.s it may =~t to any indebtedneaJ aecured he '.oy, and the Mortgallee, at its option, may demand, sue for and nCOHr any such payments, reJCI'...illl to the Mortg_sor, however, 10 Ionl u laid Mortgasor is not in default hereunder, the .rilbt to r<<eive and retain luch rents, iJaua and pro6ts. (b) All juosmenu, award. 01 damap and Ietu"menU hereafter made as a result of or in lieu of any taking of the pRmUcs or any part thereof under the power of eminl'nt domain, or for any damaKe (whether cauvd by sueh takinK or otherwise) to the t>fCmi.... or the improvements thereon or any part thNeof; such part of any such judgment.. award or &ell\ement. as the Mortla&ee mal' elect to be applied to the indebtedness hereby tecured and the balance thereof. if any, to be reserved to the party or pan;e. otherwiJe entitle:i thereto. TO HA VB AND TO HOLD the above JrlInted and d~dbed premi~s to the s.~id Mortgagee, ill lucceuors and auigns, fOf'eV'l!r, i' . (,. ... AI ,...tlWl . ...IIl....; proovided alwaY' that if Mortgal(Or shall pAY to ~{ortgaltee that certain promissory note above deKribed and shall jlCrfonn al! "ther ~anU and conditionl of uid promissory nc.te, and of any renewal, (xtension or modi- fication thel"f"Of. and of this monsase. then thiI mortga~e and the estate hereby cre'\tl'r\ .h"ll era.e :\nd he null and void, Mort~agor further rovenanU and a@'TCCS with Mortgagee as follows: 1. To pay aU lurns including interett lCCurl"d hereby when due, as providrd for in uid promissory note and any J~newal. extetllion 01' modification thereof and in this mortgage, all IUC..lt sunu to be pay:\ble in lawf~1 monevof the t'nitedJ(t:\tes of Americ'\ at Mcrtlfll~'t aforesaid prinripal oRice, or lit luch other place as Mortgagee may designate in writing, 2. To pay when duoC, and without requirinl any notice from Mortgagee, all taxe.. a"("J$menll of any type or nature and other chat~ ~'ied or a.s:aeIIeCi ~aintt the premises hereby encumbered or any interr,t of Mortll;,,,e therei", To imtnedi- ately pay and discharle any clAim, lien or encumbrance against 11I,h premi.c, whi.h m:\y be or become .up....ior to this mort- pge and to permit 1".0 default or delinquency 0.... any other lien. encumbranre or charge agaimt such premises ,. If requir..d by MortpJee. to alIo make monthly deposiU with Mort"all;et', ;;1 a non-interell bearinl( acrount, tol1;ether with L"ld in additiun to interClt and principal, of a turn equal to one-twelfth of the yearlY taxes and assessmentl which may be \ev\ed a!{ain." the prernYes, and (if 10 required) one-twelfth of the yearly premiuml for in'uran.e thereon, The amount of such tuft, U!eSlO~ts and premiuma, when unknown, ahall be utimatl'd by Mortg~ltee. Such deposiu shall be used by Mortgagee to pay auch ta'llft, assessmenU and premjuma when due. Any i1uufficie~r:y of such arcount to pay such charges when due shall be paid by Mot1P1Or to )(ortP!CC on dema.ld. If, by n-UDn of any default by Mortga!lor under any provision of this mort- glL~, Mortgasec declaret aU surns lCCured hereby to be due and payable. Mortll;agee may then apply any funds in said account aKainst the entire indebtedness aecured hereby. The enforceability of the cm;enanU relating to taxt", aJlesamenll and insurance premium I herein otherwiJe provided shall not be affected except in 10 far as thote obligations have been met by compliance with this p&ra~apb. Mortpgee may from time to time at iu optiof1 ...aive. and after anv luch waiver reinstate, any or all provisions hereoi teqUmnl such depoIita. by notice to w.ol'tla.JOl' in writing. While any such waiver i. in effect Mortgagor Ihall pay taxel, .,,-..-t\ta and iDlUraace prem;uma &I berfoin ebewhere provided. 4. To pay all taxeS, ItaDlP tax or other r.baf'!e which mllY be ~ted upon dill mortgage, or said note, or indebtedness JeCured laereby, without re<<Vd to any law, Federal 01' State. heretofore or hereafter enacted, imposing payment of all or any part tbeteol upon ]donpsee. 1a event of enactment of any law imposinl payment of all or any portion of any such taxes upon W~. or the renderiq by any court 0I1ut ruort of a decision that the undertakinl by Mortgagor, as herein provided, to pay such tax 01' tmleI iI IeaaUY inoperative. theo, unleu Mortla~ ne\'crtheleu pays such taxes, alllums hereby secured, without any dr.-duction, ahaD at the option of Mortpp bec<nDt iIDme<liately due and payable, notwithstanding anything contained hi:rein 01' any law heretafore 01' hereafter enacted. ... S. To keep the ptemisec buured apiDIt _ or damace by fire, windltoms or extended coverage and such other huard. as may be reqvind by Nortsasee, in fonn and a.mounb ..tiJfactory to, and in imuraI\U companies approved by Mortgagee, and with acceptabk mortp<<ee loss payable clauses attaChed. Such policies, ~ther with IUch abstracU and other title evidence as may be required by Wortla~ee. IhaD be delivered to and held by )(ortpSCe without liability. Upon foreclosure of this mortg~ or other ecquiaitioft of the pr-emilet or any pen thereof by Mortgape, l&id !>Clicks. ab&traCta and title evidence ahaD become the abloha~ propertY 01 WortpI\!C. 6. To .. obtain the written content of Mort~. IUCh COl'lletlt t.) be Itrantl"d or w:tl-held at L"'e t;>le discretion o~ IUch ),l:l~ before (a> removinl or dcmoliahinS any building tK1W cr hen-after ere<:ted on the premi~', (b) altering the afrange- IDeIlt, desip or lU\&d1U'al chAracter thertGf. (c) makinI any repaiu which involve the removal of structural pa~ the ~ 01 the interior of such building to the ele1nenta, or (0) ClOcept for domCltic pllfPO't'l, cu:ting or removing or . itting the cuttiol and ~ of any t..-ees or timber on the ~. 7. To maintain premites in sood condition and repair, including but not limited to the makinlt of lU.h repairs as Mort~agee may from time to u- determine to ~ necesaary for ~ pracrvation of the premise. and to not commit nor permit any waste ther~or. i. To comply with aU IaWl, ordinances, res-.uauons, covm-~u. wnditionl and restrictions affecting the premise" and not to tufre1 Cll' permit any vioIatioD ~. 9. If ),Iortp&Ot faib to pay any claiJn, lien at encumbrance which is superior to !hit mortgAle, or, wt,en du~, n.ny tllJ( or .atlUW-1 .. iDIuraac'e premi$ll. 01' to keep the ~ ill repait, Qe,.lhaU commit or permit WaIte, or if there be commenced ..,. actiaa Clf prceeeGlnc a2bcUnJ the premises 01' the title thereto. then MortPICC. at iu option, may pay said claim, lien, encum- brance. tax, ~. or premium. with rigbt of .uhroption thereunder, may 1D&ke .urb repain and take such Itepl as it deenu ed~ tQ ~ " cute $\V'.h. waste, &:Itl may appear in any such action or ~ins and retain couruel therein. ~nd take lIUCh ~ tMr-l:h ,,.,S MOf1..~e ~ a.h1s>oOle, and for any oi aaid purpoae1 MortP8CC may advance such Iwns of money, iIIlchIdiac all C:OCU, fea .md other ~ of ~~nJe as it deema~' Mor\PP ahaD be the IOle judse of the kplity, validity ..lid priority ~ auy ..... dCitIt, a., encumbnnce, tax. ~t and pranium, &rIG 01 the UDOUDt ne<:eSIU'Y to ~ paid . _____ ...._..~lFl..... !tOt be held lI.C":UWltable for any Uelr.-r 1ft ma~ 11II" suda paymeDt. which cUla,. may twao1t in ., ,.~~ ~) ~ ~ 01t ~ o*'-........ 10. M~}.iJJ..~ to.M~,.' ~- &ad .~tAout den'lIllo~t all snme of ~. -AI. ~'. ~,tlrn".piU"nant to tbiJt monpce. together with interest 011 each sttdI~.alfdrt at ....:rat. of err. per aDnum. and aU such sums and interest ttwreea ....11 be _eurecf bereb1 if made'1 by Monppe for the account of Mortcaaor ~ elf ~ts default. ' ' 1.1. AU ~.oI ~ secured hereby shall be }:..yable without any relief wtw.t.e'ver- from &ny val:wl.tlOft or appraisemea.t l1l.a. ~ ~