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Home My WebLink About0552 Ba8i '13 .PI.GE 552 \~. lUCI[ COUNTY. n A '" TOOBTHU WITH all aDd m.rular the tIlDe_tis hendi'-nta UiCl' ~ thereunto belonl'ac or In anJW'''' thereunto .ppeluini~ aad the reo... iJI1Ia aDd pco6ta thereof, aad aIIo aU the estate, ri&ht. title, internt and all claim and demand wha'-wr, u _8 in law u in equit)', of the a:.id"'NcJrt,aaor in and to the lAme, includi"l but DOt limited to: (a) All renta. profits, rewnues, ro,alties, ri&hta and MMlita deriwd from (I) crops arown on laid lKurit)' and produce of the I'>iI othHwiR (2) oil, pi or mineral leues of the premiR' or any part thereof, now nistin, or hereinafter made, and (1I) all othf'r renta, wues and profita 01 the pnmiles from time to time accruinl, whelher under IeARI or tenancies now nistin, or hend!er crealed; in nch .uch <:&Ie with the ri,ht in tbe Mortl[a~, but onl, at its option, to re<<ive and re<<ipt therefor and to appl~ the lAme aa it may elKt to any indebtednesa lKured hf'reby. and the Mortlagee, at ita option, may demand, sue for and reeo\er any .uch paymenta, rewnin, to the MortPIOf. h<>wnoer, 10 Ion, u said MortPlOr is not in default hereunder. the ri,ht to reeeive and retain .uch ren... iuua and profill.. (b) All judlJllenls, award. of daJDllla and RttJementa hf'reafter made as a result of or in lieu of an, takin!( ?f the premilel or any part Ihereof under the )JOWI!r of eminent domain, or for any damal[e (whether cawrd by SIKh takinl or l'therwise) to the premi~s or the improvemenll thereon or any part thereof, such part of any such judsmenl, award or selllemrnt, as Ihe Mortlal[~ ma, el<<l to be applied to the indrhtedneu hereby lKured and the balance Ihrreof, if any, to be resrrvrd 10 the party or p.1.rties otherwise enlilled thereto. , TO HAVE AND TO HOLD the above ,..anted and described premillf's to the s.1.id Mort!fal[~. ill succellOn and auilna, forever, and thf' laid Mortllallor does hereby fully warrant Ihe tidr to uid land, and will defend the IatTH! arainu the lawful cbims of all prnons whomJOe\'er: provided alwa,. that if Mort!la~T .hall pAy 10 Morl1l3!{ee that ce.tain promu..,ry note above described and ,"all prr(onn all other CO\'enants and conditionl of saKi promillOry note. and of any renewal, extf'n.ion or modi. fication then'of. and of this mortga~. then this mort(ralle and Ihe estate hereby cre1.trtt shall crace and he null and \'Oid, MOrl!!,a~ further covenants and all'rffS wilh Mortgagee as fol!ows: l. To ~y all sums including inlereu Rcurrd hereby when due, as prO\.idrd for in laid promissory nol.. and any renewal. "lllension or modificalion thereof anti in this mortgage, all such sums to be payable in lawful money of Ihe Vniled Slalrs of Amerira at Mort~altff'S a(orel3id principal office, or at .uch olher place as Mortgagee may d..signate in writinlf. -"" 2. To pay when due, and wilhout requirinlf any notice from Morllfa~r, all taxes, aUMlmenll oi any tYJX' or nalure and olher char~es levied or as.~ allainst the premilel heCr'by erK"umbrred or any inlernl of Mortl(alte thert"in, To immedi. alely pay and discharl:e any claim, li..n or encumbrar,ce again.. sllrh premi~s whir" may be or brrome ~uperior to this mort. !flIse and 10 prrmit no default or delinquency on any other lien, encumbranre or char!te all:ainit such p....mi..... 3. If requirKI by Mortgasee, to aba make :,lOnthly dep:>sits with Mortl(alt('(', in a non.inlcreu brarin~ arrounl, tOIt..ther wilh and in addition to interest and principal, of a sum equal to one.t~lfth of the yearly lax... and .....ssments which may be levied a!Jain.t the premi...s, and (if 10 required) one-,-Jlth 01 the yearly premiunu for incurance thet'f'On, The amount of such tues, lU1nSmcnl. and premiums. whrn unknown, &haD be estimatrd by Mort!taltff. Surh deposita shall Or u~ by Mortlf'l!tff to pay such taxes, as~ssments and pff'miums when due. Any insuffidrnry of such account to ~y such 'ha~es when due .hall be ~id by Mortgagor to Mortlfa!tff on demand. If, by reaaon of ar.y d..rault by Mortgaftor under any provision of this mort. !(at[e, Mort!(asee declare. all sums leC"ured hereby to be due and J)'l)'able, Mort!{agee may Ihr.n apply any fund. in uid accounl al[ainll the entire indrbtedness sfi'ured hereby. The enforreability DC the cO'o-.:nants relating to lalee', aSK'lImrnta and insurance p"miumt herein olherwi... provicfed .haIJ not be affected except in 10 far aJ those obJi~ations have bren met by compliance with this ~ravapb, Mortgal(f'e may from time to time at ita option waive, and after any such waj,.'..r Cr'in.tale, any or all provisions hereof requiring .uch deposita, by notice to MortPlOr in writin'f. While any .uch waiver is in effl'Ct Mortlf'lgor ahall pay lUes. lUIr'ISmenta and inaurance prnniuma as herein ebewheCr' provided. 4. To pay all taxes, stamp tax or other charlfe which m:lY be UleSKd upor, this mortlf'lse. or gid note. or indebtedllftl secured hereby, without rt'll"ard to any law, Federal or State. heretofore or hereafter enarted, imposinr payment of all .or ""lY pan thereof upon Mortlasee. In event of enactment of any bw imposing payment of all or any portion of any such talles upon Mort,&<<ee, or the renderin!f by any court of lut resort 01 a d..dsion that the undertaking by Mortlf'lgor, as heCr'in provided, to ~y auch tax or taxes is lqally inoperative, then, unleu Mortga!ror ne\'crtheleu p."ys such tans, all .ums hefr'by IKUred. without an, deduction. ahall at the option of Mortpp become immediately due and payable, notwithatandin, anything contained herein or any law hentolore or hereafter enacted. 5. To keep the premiaes inJUred apinat IoIa or damap by fire, wind.tonn or extended COV1:rqe and .uch other huanb u may be required by Mortgape, in form and amounta aatiJfactOl')' to, and in imurana companies approved by Mortgasee, and with acceptable mortlf~ Iou payable clauses attached. Such policies, tOKether with surh abstracta and other title evidence as may be required by MortRa!ree, shaD be delivered to and held by MDrtpfee without liabilit)'. Upon forecloauCr' of this morta. or other acquisition of the pfr'l1lilel or any part thereof by Mort,aree. laid ,policie1, abstrllCta and title evidenc:.. shall hecome the at.olute property of Mortgagee. 6. To fint 00tain the wriuen OOftIent of MGrtpfee, auch consent to be Rranted or witbheld at the sole discr..tion of such Mort~. brfore (a) removin<< or demolishin, an, buildilll now or ht-reafter erected on the prmlises, (b) alterin<< th.. al'Tanse- ment, deAp or uructural character thereof, (c) makin, any npaira which involve the removal of .tructural ~rta or the exposure of the interior of such build in, to the elementa, or (d) except for domestic purposes, cutting or removing or pennittin<< the cuttin, and removal 0( any trees or timber on the premiIeI. 7. To -naintain premilel in good condition and repair. Including but not limited to the makinl[ DC .urh repain lU Mortgasee m., from time to time d..termine to be necesaarr Cor the preservation of the premise- and to not commit nor permit any waste thereof. I. To comply with aD laws, ordinancea, rqulations, COYePlUlta, conditions and rcstrictions aR'ettinlf the premises, and not to aulrer or permit any \iolation tbereol. 9. If Mort,apw faib to pa, any claim, lien or encumbrance which is auperlor to this mort<<alfe, or, when due, any tax or -.ment or insurance premium, or to keep the premites in repair, or a4aIJ commit cor permit waste, or if there be commenced any action or prot:ftdjn, a8'<<tin, tM premUes ot the title theft~, then Mortrasee, at ita option, may pay &aid claim, lien, e/K"um- brance, tax, ___t or pl'ClDium, with ript 01 .uhroaation thereunder, may make .UC'h repain And take .uch .tepa as it deema advisable to prevent or cure auch wa=te. and may appear 1= Wi}' such action or FfO('eedin, and retain eowuel therein, aad take auch action th..rein as Mort~ deema advitable. and 'ot any of aaid purpoeet Mortlf'lgee may advance auch rums of money. indudiac aD COllI, feo and other iterna of expmIe u it deeme neceIIaI1, Mortppe &haD he the IDle jud,e of the Iepljt)', validit)' and priorit)' of any auch claim, lieD, encumbrance. tu, a-ment aod premium, and of the UDOuDt -=-ary to be pU:I ill aatWactioa thereof. Mortppe daaD not be held aeeouJItahIe for any deIa, in makin, any IUCh payment, which delay may IflUIt in any Mididonal intenst, COJt, c:harps or apmIe otDenri:.. 10. MOl'tpCor wiD pa, to \lortppe, i-.wdiaaely and without demancl, aD _ 01 IDODCy advanced by Mortppe panu- ant to thJa ~.... to(lnIter wids iJllereIt OR each IIUCIII lIdvaac:ement at tH rate of ten per cent. (I~) per &DDUID, aod all auch _ and iaterat thereon Ib.aII be lKurecI ...." 11. AU -- :sI ~ IeCWed ........, ... lie paydIe widMMlt .., NlHef whatever fnlal aD1 YaluatiOD or &ppraiIement ~_. 12, U defauh be made ia ,.,...t of &ft)' ..... ---or.. 01 priacipel or In.... 0I1&id DOtII or aD1 put thereof when due, or ia plt)'IDIIlt, whee - of .., otMr - IK1INd ....,. or .. perfCll'lDUCtl 01 .., of Mortpaor'. obIiptiGaa, COftDanta or .mll~tI ~, aD of ... Iadel-A........ IeCW'IMI Mnbr *all bec:.cae usd !.e immedialely clue ..... parable at eM optioa 01 Nortppe; without DOtice or demncI .... .-.....,..~...uI) waived, ill wWdt _t Morter.- mar nUl itllll 01 aD riP.. I , 1/ I \ J , \ .J 4< ... { ~: > .' ---- -~ -..-#........ -~...--...--------....... -- ..-.-..------.. ... ._----:.-..- -- -..-.--- ------.-... .