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Home My WebLink About1737 : ST. LUCi[ cau.n, ft,. ---..-..-~- --. . TOOZTHEll WITH all ADd dacWar OM ____.. ~.I ~', ~nt" .. ",1:1I' wml" J51.n . ~ I..,;.. or _ __ thereunto llppertAiJlinr ADd the l'eftta, iMua a.oct- ~ -....,. ..... .. all .. ...... .... .... ..... .... .. daJm ... dem&nO ....hatlonu, AI weB in law M !n "Qwl}', 01 tIac Iald ~ ia lad ... me ..... ~.. INt Mil...... w: (a) All rents, profitt, rev-enues, royalties, ricbta and INoUha *rtw.d .... (I) IftpI pvwIa .. ... ...., ... ....... 01 the JOil otherwUe (2) oil, ,.. or mineral Jeue. 01 the pnmU...a or My pert dlenolt ~ eIdatiq or .....,. .... ... (') all other renta, ill".oa and profiu of the premilea from .i..one trl ti_ acaW~ wbIdler UIMIer __ or ......", ~ or hereafter crea,ed: in eACh .uch c..ue with the riJbt in the Mort,_ree. but OItly at III opdon, tIo ,..m,' aacI I'eCtipt dtenI~ and to apply the aame &I it may elect to &I1Y indohted_ IeCW"eCl bereby. and the Wort;aan, at ita opciOa,.mar cIemaDcI. _ for and recover llny luch payments, re...rvinl to the Nortlal'Ol'. bowever, 10 Ioat AI said WOI'tpfor it not IIIl u-It ~. the right to recei"e and retain luch rent., i..ua and profit&. \' I (b) ....11 judgment', a~al'(h of danups and attJementa hereafter made &I _ r~lt, of 01' i!I Iie\a' of any takiq 01 the premises or any part thermf under the ~r of eminent domain, or for aay d~ (whet~r caued by lIUClt tUiDr 01' otbeI.iM) to the premiles or the improVl'ments lhereon or any part thereof; IUch part 01 any luch judrment, award 01' letdement, &I the Mortg;lI~ee may elect to be applied to the indebtedneaJ hereby IeCUred and the ba1a,,~ thereof, if any, to be raerved to the party or parties otherwi~ entitled there.o. TO HAVE AND TO HOLD the above granted and dClCribed prel"liaea to the aaid MortSAlee, iu eucueon and aIIipa, fore,'er, ...... un .ei" Jhrllla81l ...... l..r"l\ ftJI) .L JJ .t Ih....... II ..... '4, - II . iJl "'lln; .i._ ____ ar'-" ,... 1....1..1 .1.:_- ~r .11 Y'"'-~~- i.. 1 H: provided al"'aYl that if Mortla~r lhaU pAy to MortPllee thAt emain ~, note shew described and shall perforrn all other cO'o'enanu and conditioru of said promiuory DOle, and 01 an,. n:newal, extenaicxl 01' modi- fication ther~of. and of this mortga~e. then this mortgqe and'th!l estate hereby created aha}) cnse and be nun and void. Mortgagor further .-oVMlants and agreeJ wi!h Mortga.-ee :'.J fol1owt: I. To pay all sums includinl interen aecurt'd hereby when due, a. provided fot in Did pr >miIIory note and &I1Y ~, >> ~xtension or modification thereof anti in this mortgale, all such IUnu to be payable .in lawful money 01 the United Statea of \') ..\:nerica at Mortl!'a~ee', :t(oresaid prinripal office, or at .uch other place &I Mortgagee may deairn_te in wrilin<<. ~ 2, To pay when due, and witho...! requiring any notice from Mortga~, all taxes, ll~ments of any type UI' nature and other char<:t"S levied or as"~JJed a~ainst the premises hereby encumbered or any interen of Martlage therein. To immed.i- at~ly pay and di"har<:e any claim, lien or encumbrance against 11Ich premises which may be or become superior to thit mort- gage and to permit no default or delinquency on any other lien, encumbrance or charge a~l'IIt such premiJeI. 3, If requirf'd by Mortga!tee, to also mAb monthly depo.iu with Mort~a~ec, in a non-intereat beanos account, to!ether with and in addition t(> interest and principal, of a sum equal to one-,welfth of th~ yearly taxes 'and aaaeumenu which may be It'vied al(a;mt the premises, and (if SO required) one-twelfth of the yearly premium. for imurance thereon. The amount of .uch taxes, aut'ssmcnts and premiums, wht'n unknown, ahan be ettimAI,.d by Mortg~. Sue-II deposita shaD be wed by Mortppe 10 pay such taxes, a\\('umt'ntJ and premiums when dUe. Any inmfliciency 01 such ae-counl to pa,. IUch charges when due lhaD be p:lid by Mortgagor to Mortgal(ee on demAnd. If, by reason of Ilny default by Mort~r under any provision 01 thiJ mort: l(al!'t', Mortl(agt't' declares all suml secured hereby to be due and payable, Mor:g~ may t~en apply any fund. in laid account a<:ainst the entire indebtedn.:ss secured hereby, The enforceability of the covenar.u relating tc. t~, UIeISItIenta and lnlUr&nce premium I herein otherwise pro,icl..d shall not be affected except in 10 far as those obligationl have been met by complianr..e with this par"l(raph, Mortga'lt'e may from time to time at iu option waive, and after any such waiver reinstate, any o>r all provUioru hert'of requiring such deposits, by notice to Mortgasor in writin~, While any such waiver is in effect Mortlaror ahall pay taxet, ;use,sm..nts and insurance premium, as herein elsewhere provided. 4, To pay all taxes, stamp tax or other charge wnich may be a__d upon thia mortgase, or aaid note, or indebtednea St'cured herebv, 'Kithout rCl(ard to any law, Federal or State. heretofore ('Or hereafter enacted, impol.ifll pllyment of all or any part thereof upon Mortltagee, In event of enactment of any law imposinl{ paymc-nt of all or any portion of any such taxes upon Y.:ort<:a~ee. or the renderintr by any rnurt of I&lt rmrt of a cec-ilion that the undertuinl by Mortpgar, u herein provided, to pay such tax or taxes is legally inoperative, then, unless Mortga~or ne\'crtheless pays such ta:tea, all SWTIJ hereby aecured, without any deduction, Ihall at the option of Mortgasee become immediately due and payable, notwithatandinl anythinl contained herein or any law heretofore or hereafter enacted, 5, To keep the pr~miset insured apilUt Iou or damale by fire, windltorm or extended coverase and .uch other buardt u may be required by Mortga!\'ee, in form and amounts latisfactory to, and in insurance companies approved by Mortgar-e, and with acceptabl.. mort~a~ee Ion payable cbust's attached, Suc" policie., tOll'et"er with luch abatracu and other title evider.-:e u may be required by Mort~a~c~, shall be delivered to and held by Mortpsee without liability. Upon forecJOfUre of thia mortpp 01' other acquisition of the pf'('rni~s or any part thereof by Mortgagee. ..id polic:es, abatracu and title evidence ahall become the absolute property of Mortgagee, 6, To fint obtain the written con~nt of Mortg.~, luch conSt'nt to be gran!t'd or 'r.ithheld .., the IOle discretion of .uch Mort!l'al(ee, before (a) removin~ or demolishing any building now or hereafter erectc-ti on the premi_, (b) altering the atTar\IC- m..nt, de.i~n o~ structural charactt'l' thereof, (c) .naking any repairs whi:h involve the rer.xwal of Itructural pam or the /) expomre of the interior of such building to the elemenu, or (d) cxcept for domestic purposes, cutting or removing or pennittinl the CUllins- and removal of any trees or timber on the premiJa. !~ 7, To maintain premiSt's in ~ood condition and repair, including but not Ii,nited to the makinll; of .uc-h repairs as Mortgaree may from time to time determine to be nect'csary for the prelervation of the premi~s and tl) not commit nor permil any waste thereof. 8, To comply with all laws, ordinanres, regulations, covenants, conditions and rc.:.rictions affecting the premises, and not to suffer or pennit any \'iolation thereof. 9, If Mort<:agor fai!. to pay any claim, lien Or encumbrance which il superior to this mortgage, or, when due, any tax or aS5ellment or insurance premium, or to keep the premileS in repair, or ahall commit or penni.. wute, or :f there be commenced any action or pr()('~ding affectinl( the premises or the title thereto, then Mortgagee, at its option, may pay said claim, lien, encum- brance. tax, a'St'Slment or premium, with right of subrogation thereunder, may make surh repain IInd take luch Jteps u it deema ad\'isdble ~0 prevent or cure luch waste, ; nd may appear in any such action 0,' pr()('~cdinl and :etllin couruel therein, and tUe such action therein as Mortgagee deerru advisanle, and for any of ..id purposea Mortgagee may advance auch 'UIN of money, including all cosls, feet and other items of expense u it deenu necetsary. Mortlasee ahaU be the acle judge of the ~ality, ,'alidity and pricrity of any such claim, lien, encumbrance, tax, U>eurnt'nt and prcmiwn, and 01 the amount neutaary to be paid in satisfa.:tion thereof, MortKlufee Ihall not be held accounlJible- for any delay in Pll;kir.g any lUeb ",ayment, whkh delAy IDa,. resuit in any additional in:erell, CO!!, charlteS or excenle otherwiae. 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 6t% per annum, and all such sums and interest thereon shall be secured hereby if 1J1ade by Mortgagee for the account of :\lortgagor because of Mortgagor IS default. 11. A 11 sums of money secured hereby shall be payable without any rplief whatever from any vduati.on or appraisement laws. I )