HomeMy WebLinkAbout2173~ ~~ 28 P~r~ 42
ST, l UGIE C^I~NTY. FI A,
TOGETHER Ih [T}l tY and :insular the teaemeaa, haeditameoa sad appurtenanos thereunto bdoss~ies a is anywiss
thereunto appertainins and the rmb, issues sad profs thereof. and ales aA the cute. risht, title, interest sad all claim and
demand whstsoever, as weD in law a in equity. d the said katsasor is and to the same, iac.udias'but trot limited to:
` (a) AU Lena, profs, revenues. royalties. risha and beaefa derived lean (1) crops 6-owa oa said security and produce
d the soil otherwise (2) oil, sae or mineral leas: d the premiss a any part thereof. tww atiatias a hereinafter made, and
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(3) all other react, issues and profs d the premiss from t~*ot: so time aecruins. whether under leas: a tenanc
or hereafter created; in cub such case with the risht ia•tM 1-Iortsasee, but only at is option. to receive and receipt tl-erefor
and m apply the same ss it racy elect to say indebtedness secured hereby, and the 1lfortsasee, at is option, may demand. sue for
and recover any such payments, rcsenias to the Mortsasor;'however, so bad as said h[ortaa6or is rat is default hereunder, the
risht to rcceivt sad retain such rents, liens and profs.
(b) All judgments, awards of damases and settkmrnb hereafter made as a result d or in lieu d any taking of the
premises or any part thereof under the power of eminent domain, or for say damage (whether caused by such talons or otherwise)
to the permits or the improvemend thereon or any part thereof ; such part of any such judgment, award or settlement, as the
1fQrtsagee may elect to be applied to the indebtedness hereby secured sad the balance thereof, if any, to be reserved to the
party or parties otherwise entitled thereto.
TO HAVE AND TO HOLD the above seated and described premises to the said Mortgasee, ib successors and :wises.
and the said Mortsagor does hereby fupy warragt the title to said land, and will defend the same asaint the lawful
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claims of all person whomsoever; provided always that it Mortsaftor :ball pay to Mortgagee that ceitain promissory note above
described and shall perform all other oovenana and conditions of said promissory note, and of any renewal, extension or modi-
'fcation thereof, and of this mortsage. then thu mortgase and the state hereby created shall cease and he null and void.
Mortgasor further covenana and agrees with Mortgasee zs follows:
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1. To pay all :cams includins interest secured hereby when due, as provided for in said promissory note an
e:tension or modification thered and in this mortsase. all such sums to be payable in law[ul money o[ the United Mates of
llmerica at MortltaRee's aforesaid principal offxe, or at such other place s Mortsasee may desisnate in wriuns.
2. To pay when due, and without requirins say notice from I-fortsasce, all taxes, asseasmena d any type or nature
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and other charses kv~ed or assessed againt the premise hereby encumbered or any intent o[ Mortgage there
ately pay and discharge ady claim, lien or encumbrance asaint osch premises which may be or become superior to this mort-
sage and to permit no default or delinquency on say other lien, encumbrance or charge against such premiss.
`tortsagec. in s non-interest hearses account, together
3. 1f required by Mortsasee, to also make monthly depasia ti•5
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with and in addition to interest and principal, d a sum equal to one-tweUth of the yearly tars and assessatena which may be
levied against the premises, and (if so required) one-tweUth d the yeuly premiums for insurance tl-ereon. The amount of such
taxes, astessmrna and premiums, whm unknown, shag be estimated bT Mortgasee. Such deposia shall be used by Mortgasee
d such account to pay such chsrses when due shall
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be paid by MortCagos to Mortsasee on demand. It, by reason d say default by Mortsagor under any provision of this wort'
sage, Mortgasee declam ap sums secured hereby to be due and payable, Mortgasee may then apply any funds in said account
against the entire indebtedness scoured hereby. The enforceability d the covettana rclatins to tun, assessmrna and insurance
t in so tar as those obGgat'rons have been met by compliance with
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this paraSraph. Mortsagee may from time to time at is option waive. and after any such waiver rcinsute, any or all provision
hereof rcquirins such deposits, by notice eo Moits:sor in writins. While any such waiver is in eRect Mortsasor shall pay taus,
as:aaaena and inurance premiums ss heron ehewbere provided.
4. To pay all taxes, stamp tax or other ebarse which may be assessed upon this nsortsase, or said note, or indebtedness
secured hereby, without erected to say law, Federal or Sute, heretofore or hereafter enacted. impasses payment d all or any
part thereof upon Mortsasee. In event d enactment d any law imposias payment of all or say portson d say such taxes upon
Mortgasee, or the rendering by any court o[ last resort d a decision that the undertakins by Tt[ortsasor, as herein provided, to
pay such tax or tars is ksally inoperative, then, unkn ldortsa~ror aererthekss pays such taxes: all tuns hereby secured. without
any deduction, shall at the option of Mortsasee become immediately due and paya':k, notwitbstardias aaribins contained hercsn
or any law bereto[orc or hereafter enacted.
S. To keep the premiss inured asaimt bas or damsge b1 fire, windstorm a attended ooverase and such other hasards as
may be required by Mortsasee, in torn sad amorma ntisfactory to, and in insurance companies approved by Mortsasce, and with
u«ptabk mortsasee bas payable clause attached. Such policies, tosetber with atxh abstraca sad other title evidence u may
be required by Mortgasee, shall be delivered to and held by Mortsasee without liab7ity. Upon foreclosure d this mortsase or
other uquisition d the premises or any part thereof by Mortsasee, said policies, absuacb and title evide»ce shall become the
absolute property d Mortsasee.
6. To fat obtain the written costsast d hfortsasee, such consent tD be :ranted or withheld at the sole discretion d such
1[ortsasce, before (a) removins or deroolishirss ant btsildlns raw or hereafter erected oa the premiss, ;b) alterins the arranse-
S meet, desisn or structural character thereof, (c) makins say repairs which involve the removal d structural pares or the
exposure d the interior d such buildins to the ekmena, ar (d) cuept for domestic purposes, cutdns or remottins or pesmittins
the cuttins and removal d any trey or timber oa the premiss. /
7. To maintain premiss in :noel condition and repair, includins but not limited to the makins d such rcpain as Mortsasee
may from time to time determine to be necessary for the preservation d the premiss and to not commit ear permit say waste thereof.
>l. To comply with aD laws, ordinances. resu4tiau, wvenaaa, conditions std restrictions affectins the premises. sad rat
to wRer or psnait say violation tbe:eo[.
9. It Mortsasor fails to pay say elaim, lien or encumbratsoe which is superior to this raortsase, or, wbea due, say tax or
asseasmertt or insurance premium, or to keep rtes peemixe in repair. or shall commit or permit waste, or u there be eommessced
say cation a procecdins aRectins the premiss or the title thereto. thrn )tfortsasee, at is option may pay said claim, lien, eacum-
braoce, tax, assessment or premium. with risht d subrosation . may make such repairs and take such step ar it deems
advfsabk to prevent or cure such vraste, and mty appear b a>ri suet cation a proeeedias and ruin ootmsel therein, nod tab
such sKtion thaxein at L[ortsasee deems sdvisabk, and for sal d said ptsrpaee )1[artpsee may ndrarsoa suds stuns d meeeyr
ineludins all costs, fact lad other hams d eaptase se h deems massary. 1~[ortsaaee shall be the sole judse d the tesality,
validity and priority d any such eWm, lien, enctsmbnoa, tau, assessment sad praetium, sad d the amount ae~esary sD bs 1~
is satsstactioa thersof. Iilortsasce shall not be he{d aoootmtabk for say delay in taakias any ends payment, which delay aul'
result in any additiorsal iacerest, cost, charpa oe experae oehenriw.
10. ltortsasor wr71 pay a 1[ortsases, Lomadiasdy sal without demae~, all stmrr d money advaisad by 1t[artpiae pterse-
ant to wL mortpse, tosether Witt, interest ea salt sttedt advataaeat at dta rate d tea per ant. (1096) per aoattas, +~ sal
such sums sad interest tbeceon shall b secured hereby. .
11. All auras d money secured ltesaby shalt be psgable without say valid whatever front arty valtratioa or t V~-
l2. U ddauh be made is paymes-t d say iastalmset d pcia3pal a< ttstas+at d said cola er say pact dsasaof whm due, or
is pajmeot, when dne d say other :feces :reared Mrebl. ae io prforraaltoa d say d >t[ortEya's obtisatioos. covan.aa sr
asreatmq luetmder, al} d else iedebadaew :reread hssiby shall bes+oeas fed ba iaoesediately dw sad payable a! tM option d
ldoetpyee, witboat notice or decocted wbkh aces 1~+hle eepseeely vraivad, '6t whkis saset 1rGrtsa~es rest avail iteeif d aB ris-a
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