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Home My WebLink About1772 ib~i' .... , 322 ... ST. LUC1t COUNTY, rlA. TOGETHEIl WITH aD and Iin,wu the I8ftementa, hend!tamenta and appurteranceJ thtTeunto belongin<< or in any...ise tMI'lNIla> apperta.lJW., &Dd tIN J'e1llla, __ &Dd proAb thereof, and alio all the e.tate, right, title, inter~st and All claim and dcaaaad wha~, u wiD in 1&w ,.. in equity, of the aaid MOrtlaaor in &I'd to the .ame, includins but not limited to: . (.) }.J) reau. profits, nl'Ymue&, royalties, ripta and benefita deri,'ed Crom (I) cropl grown on laid I<<urity and produce 01 the taU otherwiM (2) oil, au or mineral Ieaset of the premisel or any part thereoC, now existing or hereinaher made, and (') aD otber retltl, __ and profitt of the premiaa Crom time to time accruing, whether under le~1 or tenancies now existing or hereAher enated; in each .uch CAJe with the risht Ln tbe W:ortgagee. but only ~t ill option, to receive and, ~ceipt therefor and to apply the lAme .. it may elect to any indebtedn_ leCured hereby, and the Mortgallre, ,.t ill option, may dema.nd, lue for and rec.:v.-er any .uch paymenta, ~n;r., to the Mort!&gor, however, to long .. .aid Mortgagor is not in default hereunder, the naht to receive and retain auch r-enb. iIIueJ and pI06t1. (b) All jLldgmenu, award. of damaS.eJ and If!ttlemenb her-eaCter made AS a resu\! oC or in lieu oC ar,y takinl( of the premi- or any part ther-eoC und~r the power oC eminent domain. or (or any dam3l(e (..hether cauK"d by such taking or othcrwise) to the premi_ oc the hnprovementJ thereon or any part thereoC; .uch part oC any such judgment, award or settlement, as the MOJ1Cagee may ~I<<t to ~ applied to the indebtednea hereby secured and the balance thereof, jf any, to be reserved to the party or partiel otherwilf! entitled thereto. TO HAVE AND TO HOLD the aboYe JRnled and deJCribed premi~ to the J<1id Mortvao:ee, its luccelJOn and auil(lU, lorevu. ..~ .a-, __:..a )("~F'fr ~tl' It.r'~l f .lIT rr~' ,II. ,ith .. 'Ai" )- .1, flag. iU .J_l--Ii dl. I.M. .8 inti dr,. 1& htl cYi... II aM 'JIkJ'l'~RI .....--.-v.,.; provided alwAYJ that if MortRao:or shail pay to ~{ort,pl(ee that cert,,;n promis50ry notl: above de-=ri'>ed and than pcrfonn all other covenanta and condition. of said promiuory not~, and of any r~newal. t'xten.;on or modi- 6utiOll 4herf'Of. and of this mortlfage. then thu morlgage aud the estate hereby ne1t..rl .hall C,"1'" an'! n.. null "nd void. ,Uortgagor Curther ('o,'enant. lInd ..~ with. Mortg~ as follows: ~ 1. To pay aU IUI1U includinll' intere.t ~ured htr;eby when due, as provid.-d for in said promiuory note and any .enet..al. extention or modification ~ereof ano in this mortlfage, all such lunu to be payable in lawful money of the l'nitcd Stat~ of .~merira at MortRa~'1 aforelaid prindpal office, or at .uch other place a. Mort~al(ee may' designate in writini{. . 2. To pay when due, and without requiring any notice Crom Mortga~... all taxes, a"..ssment. of any type or nature and other chaf!feS levied or ~ued a'lain.. the premise. hereby encumbered or any ir.trr..'t of M')rt~a~~ therein. To immedi. f{. ately pay and discharge any claim, lien or encumbrance againll .lIch prerni~s which ",''v be or I,..co'm~ .upt'rior to this mort. " race and to permit no default or delinquency on an) other lien, eDcumbran('e or ('hulte a~ai"'t such premisel. Q " If required by MortPll'ee, to aUo make monthly depo.iu with Mort>(al(ec. in a non-intere.t bearinlf ac('ount. tOl(ether with and in addition to inttJ'ejt and principal, oC a sum. equal to onr.twelfth of the yearly tues and assem.1ents which may be levied again,t the premiJes. and (if 10 required) one-twelCth 01 the yearly premium. for in.urance thereon. The amount of such taxes, aneumenta and premiW'lll, when unknown, .haIl be e.timat..d by Morto:ao:ee. Su('h deposits shall be UsM by Mortgal(ee to pay .uch tAXeI, Aueumenu and premiul1U when due, Any inauffidency of such ac('ount to pay luch ('hargt'S when due Ihall be paid by Mortpgor to Mortll'~ on der:tand, Jr, by reaJOn oC any deh.uh by Mort!(a~or under any provision of this mort- 1l'A<<e, Nortpgee declaret all SUlN se<'ured hereby to be due and P'l}'ahle, Mortgaget may then apply any funds in laid account IIp.i.mi the cotire Indebtednea secured hereby. The enforceability oC the covenanU relating to taxes, aSle.~mcnts and insurance premiuml herein otherwise provided .hall not be afl'ected except in 10 Car as those oblitr;ations have been met by compliance with this pr,ra~ Mortpgte rm.y from tilDe to time at ita optinn waive. and after :\1IY IUch waiver rc;nltate, any or all provision. hereof reqllirinr such deposita, by notice to Mortg.,-or in writin!. While Any such waiver is in effect Mortga!l'Or .hall pay taxe., aueumenta and insurance premi\UDJ .. herein e1Rwher-e p11)\'ided. 4. To f.o'Y aD lases, stamp tax or other charge which m"y be A>>elsed upon this mortgage, or laid note, or indebtedne.. se<'ured hereby, without relltard to any law, Federal or State. heretoCore or hereaCter enacted, impc1ing payment of all or any part thereof upon Mortgagee, In event of enactment of any law imposing paymr-nt of all or any portion oC any lU('h taxt's upon Wortgaree, or the rendering by any court of Jut raort of a decision that the undl'rtaking by Mortga~r, at herein provided, to pay such tax or talteJ U legany inoperative, then, unlell Mortga!lf)r nevcrthekss p,w. luch tAxe., all IUnu hereby secured, without any dedlllCtion, IbaD at the option of Moftpfee become immediateiy due and pay:ible, notwithJtanding anything contained herein or any law befttolore or hereahtt' enacted. ~, To keep the premises iruu~ apinJt Joq or damare by fir-e, wind.tonn or extended c~ra!l'e and .uch other hazard. .. may be required by MortlP~, in Corm and amounb U1tWactOry to, alld in insurance companies approved by Mortgagee, And with acceptable IDCM~"C.. Joq payable daUteS attache'f, Such policie., t~ether with lu('h aburacll and other title evidence a. may be nq\lired by MortRilKee. thaB be demred to and held by Mortpgee without liability. Upon CoreclOJure of thu mortgage or other acquiIition of tile premi_ or any put thereof by Mortgagee, lAid policies, abltract> and titl,. evidence .hall become the ahlolute property of Mortp,(ee, 6, To fint obtain the written CClMent of Mo~ IUc.b consent to be granted or withheld at the IOle discretion of ~ch Nonp,ee, beCore (a) l"MlO\;ng or demolUhin, any buiJdlnr now or herea/ter erected on the premises, (b) altering th" arranre- ~t, de.ip or JtruchuaJ character thereof, (c) makin, any repairs which involve the relJlf)val of stru('tural parts or "e expoIUre 01 the interior of such buiJdinr to the elemenb, or (d) except Cor domestic pllrpo~', cutting or removing or permitting the cu~tinJ and removal 01 My trea O!' timber on the premiJes. 7. To maiAtaia ~ in toad condition and repair, iDc:ludintr; but no. limited to the maltintr; of such repairs as Mortgagee ma, from time to time determine to be neceaary Cor the pruerv.tic~ of the premise. and to not commit nor permit any waite thereof. .. To comply whb ..n &aWl, ordinances, reguJauoau, covenanta, conditior-: am! re.trictiona affecting tne premises. and not to JUt1l~ or permit ani' vin1ation thereof. " If Moftrqor tan. to pay any claim. lien or encumbrance which u .uperior to thil mortgage. or, when due, any tlLX or .. -II ....nt Cf' iatunnce premium, or to keep the premiIes in repair, or mall commit or pElmit \"faIte, or if there be commenced any action ot pI"OCftdinl afl'ectinll' tM premiaa ot the title thereto, then Mortla<<ee, at ill option, may pay .aid claim, lien, encum- bn.oce, tax, .~t or premium, with risht of subrosation there\tDder, may mUe .uch repairs and take .uch .tepa .. it deeuu advisabie to pnover.t 0" ::-~~ auch wale!!, and m.y appear m any such action or proceedin<< and retain cmlDId therein, and take Slah action tMrein .. W0l11~~ demu ad-:iaab1e, and CO!' any of aaid purpotet MortJ&~ may advance' such IW'llI oC money, including ~U COIU, Cees and othff itenu 01 experue .. it deeoll~, Mortppe aball be the IO~ judge ol the Legality, ~ty and priorit,- 01 IIaY Nda cla.im, lial, mCUlnbraan,'tAX, ..-nent and prenllWD, anti of the amount neceua.ry to be paid ba l&tUfact.lmz t~, 'M01't~llJ" aha.U JWt be bUd iI<<O'mtable for any del.,. in makinr any auch payment, which delay may ~t ill any :odditional ~ eGllt. chareea 0'< r.;:pa:Je otbel_.. 10. ~ will pa,y to MOMpaee. i1n.mediahly and without demand, all sums of mODey ad1'&lM8d by Mortpaee. purauant to this mortlag,e. toget.l-}er with interest OIl each such advancement at the rate' of 6ir. per annum, and all such Bums and interefJt il'lereon .ball bit Hcur~d hereby it made by Mortgagee for the account of Mortgafor because of Mortl&lor's default 11. AU su:ma ~ money secured hereby shall be payable without any relief 'whAte,ver tram any valuatioQ. or appraiSemEnt laW8. ' \l Q