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HomeMy WebLinkAbout1761 -~""'.'..r"" .. __ '~ . .,'........ ....--' .-:~"....... '~~-;..:-..:...".~~;.J. ";'.~.::" . -<_-"~~"'~~'.::.J/.;s:~~~.......\~~..,.~~ '~~i 7 311 (T 1.111"" "~II'f"V, rl &, TOGITHf.R WITH all and Iinp1at the ~ta, Iwndia.meea ... an- 11 -- tl-........t. 'II G-e.....,..... I thereunt~ appertAining and UIe I~ta, bauet .lDd pro6ta ~, &ad ... all tM ..... n,M. tide. ...... ... aD cWa ... ' demand whauoever, at wen 1ft law &I in eqwty, 01 the _ePI WCIl'tpIDr in ... 10 .. ..... iM:MU,. but ... 1bahIcl ;0: (a) All renll, profiu, revenues, royahte., ripu and beM6ta dutffd il'Ol!ll (I) CJOIII powa - IIIIIM ...., est JI'OChItlI of the soil othe....-i.e (2) oil, gu or mi"er~ Ieue~ 01 the premllCl Of' &D7 put dIeIeoI, aJIW ..... .. _ni'll ..... .... MIl (') all oth..r rents, iJSu~ and profits of the premilet frem time to time KCnIint. whetbet' ltA'l::r ...... 01'." d.. DOW aiICi8s or hereaft..r creattd; in ..ach J'Ich cue wilh the rilht in the Mort~. but aNy at In optido, eo ....... aDd ...tpt tt.erdot s.nd to apply the lAme as it mAY elect to any jndebtedneu aecured hereby, and the Won,agco. at ia epduo. may detDuMI, .. for and reCOHr any such paym..nu, reter"ing to the Wortgasor, bowever, 10 long at said Mortppr .. not la ~h .......... 1M right to r..c..i\'e and r..tain luch rent&, iMUU and prolit!. (b) All jud~m..nl', awards of dam.... ud aettlementa hereafter made at . result 01 ot in lieu 01 allY bkiaI 01 1M premi~1 or any part th..r..of und..r the pow..r of emin..nt dol't'sin, or for any dama~ (whether ceuaed by such ..unc Of otbUwiJe) to the pr..mi...s or th.. impro\'..ment. thereon or any part th..reof; luch part of any I"ch jlldlJUM!nt, award ot Iet'lem~t. &I dle Mortgag.... may ..1..ct to be applitd to the i"ld..btedn~ hereby teCUred and the balance thereof, if Uly, to be retnYed to the party or parties ':ltherwi.... ..ntitled thereto, ,r, TO l!,\ \'E AND TO HOLD the above granted and deKribed premiaes to the said Mortpsee, iu 1UCCftIO" and aaipa, for",'..r, ~... ..i.. ria t".~L lilll" ~1l1 f AI, ... t II _ .i'...... ..&iJ I... ~1I -:;M J LA aIo_ -- 4>-1_~ ... "_fold d.;.... .f .11 11 _... t-. provided always that If Mort!{al{Or aball pay to MortSilAft that r~tain promilJOrr note aboYe d...cribed and .h.,1I p<.rform all oth..r covenants and corditio'ls of said proiniJSOfY note, and of any rene-l, ate,*- or modi- ficalion th..r..of. allll of this mortgal(~, th..n thil mortgage and the e.,~ate h~r..by cre"tffl shan c~a'e and he null and wid. ~. ~ I I Mort""!l:or furth..r co,"~nants ami a!!"r..es with Mort!l:agee as follows: I. To pa," all 5um; inc1urling interest Kcur..d hereby when due, as providtd for in said promiuory note and any renewal. ext..mion or modification th.reof ano in this mort!l;a~.., all luch sums to be payable in lawful mon<<')' of the United ~tat~s of :'.merica at Mort".'.,....'s "for..nid prin('ipal office, or at 11'.h other place as ~ortgagee may designate in wriUnI. 2, To pa," wh.n du.., and without requw-inR any notice from Mortl(lI~, all tax~5. 1\"'f'UMenta of any type Of nature and oth..r ,har"e, I..\'i..d or ;u"."..d a"ain<t th.. pr..mi~s hereby enrumbfored or any intere.t of M?rtlage therein. To immedi- ately pay and di,charee any claim, Ii..n or encllmbranre a~ainu Il(('h pr..miteS which may be or become Iuperior to thiJ mort- l(al(" and to p<'rrnit no default or delinqu..ncy on any other lien, encumbrance or char!te against auch premi.... 3, If requir..d by Mort~agee, to also make monthly depotits with Mortltaltee, in a non-interelt bearinl account, to!Cther with and in addition to int..r...t and principal, of a .um equal to one-t~lfth of the yearly taxes t.nd aaae>>mei1U whicb 1tUl1 be I..vied alp.in't th.. pr..mis"5. and (if so required) one-twelfth of the yearly premiums for in.urance thet'f'On. The amount of luth ta::"5, aw'"",ent5 and premiunu, wh.n unknown, Ihall be estimatNi by Mor~ee. Such lepoUU aball be wed by Martpsee tv pa}' 5Uch tax..5. a......m..nt. and pr..miums wh..n du.. Any inluffjd~ncy of IUch account to pay lucb charges when clue abaJI be p"id bv Mortva"or to Mort""".... on demand. If, by r..ason of any d..fllult by Mort!ta~r under any provision of thiJ mort- "a"... Mort"l"e~ d..c1are5 all ,urn. secured herelry to be due and payable, Mortgagee may then apply any fundi in said account ""aimt the entir.. indrbtedn.... '..('ur..d hereby. The enforc..ability of the cC\'enants relatin!l' to taXe'l-. a~ta a."1d iruurance premium. h..r..in otherwi~ pro\'icled .h"ll not h.. affect..d except in 10 far as tho~ oblilfationl have bt>en met by compliance with thi5 para~r"ph, Mortl(a".... may from time to time at its option waive. and after any luch waiver reinstate, any or all proviaiona h..reof r..quirin" .uch d"po5i:.. hv notice to Mortgagor in writin~, While any luch waiver i, in ..ffeet MortlalOr ab.o pay t&xel, a5...Hmen" and insuranc.. pr..miums a5 herein elsewhere provided. I! i 4, To pay all taxe5, .tamp tax or other charge which m~y be aueu~d upon thil mortsage, or said note, or indebtedaal ",curtd h..r..b\', without re"ard to any law, Fed..ral or State. h..retofore or hereaCter enacted, imposinl payment of all or any part ther..of upon Mcrt"alff", In e\'~nt of enactment of any law imposing paym..nt of all or any portion of any luch taxes upon Mort"a"..... PI' th.. r..nderinv: Ly an}' court of last r..sort of a d.-cision that the undertaking by Mortsa~r, as herein provided, to pay .uch tax or taxe. is I..v:allv inop<'tati,'e, then. unl.... Mortgav:or ne\,..rtheleu p:lYs luch taxes, all lums hereby aecured, without any d..dunion. 5hall at th.. option of Mortgagee become immediatrly due and payable, notwithstanding anything contained herein or any law h..rrtofor.. or her..aft..r ..n"n..d. ) ) ~ To ir.e..p the pr..mis... insured againlt Iou or damage by fire, wind.torm or extended cove rase and IUch othtr huard. at m"V be r..quired by Mm,,,a!:..... in form and amountl satisfactory to. and in insurance companies approved by Mortsagee, and with ac('eptable mort~a"e.. 10.. pavaLl1' clau"'5 altachtd. Such policies. to~ether with such abttracU and other title evidence as may h.. rC'quir..d bv ~orle""'''. .hall be J,,:i'C1..d to and hrld by Mortgagee without liability. Upon forecloeure of this mortp.ge or other acquisition oi th.. pr..mi"'5 or any part th..reof by Mortlla~, said polici"5, abstracts 2..ld ti.le evidence ..'tall become the ab50lute propl"rty of Mnrtl(:l"..~, f), To fint obtain th~ writt..n con~nt or Mortgagee, luch conSl"nt tC' be grant~d or withheld :It the IOle dilcretion of luch Mortga"..... bl'for.. (a) r..movin" or c1..moli;hinl( any bu;ldinl( now r,: h('r~after erect..d on the prem;~s, (b) altering the arrange- ment, d..,i"n or structural charan,.r ther..of. (c) making any repair. which involve the removal of Itructural parts or the ""PO<l"" of th.. int.-rior oi .uch huildin" to Ihe ..I..ment., or (d) except for domestic purpotet, cutting or remo\'ing or permitting th.. cutlinv: an,1 r..moval of any tr....] .,1' limber on the premitet, 7, To maintain pr..rni,... in ,,00<1 condition and repair, includinv: but not limited to the makinl{ of J\\.-h repairs as Mortlagee may from tim.. to tim.. d..t..rmin.. to he nt'C..~sary for th.. pr..s..rvation of the premi~s and to not commit nor permit any waite thereof. S, To cowplv with all !:tws. ord;n"nc.... r"l(ulationl. covenants, conditions 3"1d restrictions affecting the premi~s, and not 10 IlIfT..r or pl"rmit :In}' vio!:ttion thereof. (J ~ 9, H Mortl(a"o.. L.i!. to pay :lny claim. li..n or ..ncumbrance which il luperior to this mortgage, or, when due, any tax or a....51mcnt or im:;rance pr..mi..m. or to ir.e..p th.. premi5<'s in repair, or sh~1 commit or permit waste, or if there be commenced any anion or proc....dinv: afTrnine th.. pr..m'''''' or the titl.. thereto, thl'n Mortgaltee, at itl option, may pay saic claim, lien, en..um- branc... tax, as..."m"l"t or pn.mium, with riv:ht of ",!>rogation thereunder, may mAk.. such repain and take IUch Itepl as it deems ad..isable to pr..Hnl or cm.. .uch wast,., and may appear in 'lny luch action or prO<'t'edinl and retain coul\Iel therein, and take 5Uch action th,.rein a. Mor.":l,,.... d....ms ad,'isabl.., and for any of said purpcw:1 Mortpgee may advAnce IUch JIlIN of maner, including all costs. f..... and olher items of expenle lU .1 d~rru neci:ollafY. Mortgagee shaU be th.. IOle jud<<e of the legality, validitv and priority of any 5\l('h claim, lien. encumbrance, tax. ",..nmlent and premium, and of the amount neceuary to J>;, paid in lati.faction the.eof. Mortv:a"..e 5hall not be h..ld accountable for al'lY delay In. makin, any lUeh payment, wbich deJa,. m&y ''''\l1L in any additional inter..s!. cO'\. ('h~r"'" ,.,. ~y,...-'~ ~.,,--..;- . 10. Mortgagor will pay to Mortgagee, immediately and without demand, all sams of money advanced by Mortgagee pursuant to this mortgag':;, together with interest on each such a<.ivancement at the rate of 6~% per annum, and all such sums and interest thereon shall be secured hereby if made by Mortgagee for thl. account, of :\lortgagor because of Mortgagor's default. 11. Al~ ~~ms of money secured hereby shall be payable without any relief whatever from any valuation or appraisement laws.