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Home My WebLink About0919- C((~~ )) r BQ~~K - ~ TOGETHER WITH all and singular the tenements, hereditament and appurtenances thcrrunto belonging or in anywise thereunto alsp+rtaining and the tent, issues and profits thereof, srsd also all the estate, right; title, interest ar,d all claim- and uuuara zv'tatsc:ver, es well ;n law as in equity, of the said \iortgagor in and to the same, including but not limited to: y (a) All rents, profits, revenues, royalties, rights and benefits derived from (1) crops grown or. said security and product of rite soil otherwise (2) oil, gas or mineral leases of the premises or any part thereof, now existing or hereinafter made, and (3) all other rents, issues and profits of the premises from time to tithe accruing, whether under leaaes or tenancies now existing or hereafter created; in each such case with the right in the Mortgagee, but only at its option, to receit•e and rtceipt therefor and to anpl~the same as it ,nay elect to any indebtedness ttcured hereby, and the lfortgagee, at it option, may demand, sue .for and reco+rr any such payments, reserving to the Aortgagor, however, so long as said Mortgagor is hat in default hereunder, the right to receive snd retain such erne, issTlts and profits. - ~ (b} All judgments, awards of namages and settlements hereafter made as a result of or in lieu of any taking of the premises ur any part thereof under fhe power of eminent domain. or for any damage (whether caused by such taking or otherwise) to the premises or the improvements thereon or any part thereof; such part of any such judgment, award or settlement, as the 1\tortgagec may elect to be applied to the indebtedness hereby secured and the balance thereof, if any, to be re~en•ed io the par-,y Q parties otherwise entitled thereto. TO Ii:\VE AVD TO HOLD the above granted end described premises to the said rfortgagre, its successors a_nd assigns, forever, and the said Mortgagor does hereby fully warraht th- title to said land, and will defend the same against the las.•ful ,~ claims of all persons whomsoever, provided always -4hat if Mortgagor shall pay to :Mortgagee that certain promissory note above described and shall perform all other covenants and conditions of snit; promissory note, and o[ any renewal, extension or modi- ` fication thereof, and of this mortgage. then this mortgage and the estate hereby created shall cease and be null and s•oid. p ~ t+tortcagor further covenants and a¢rccs with Mortgagee as follows: ~L To pay all sums including interest secured hereby when due, s provided for in said promissory note and any renewal, extension or modification thereof and in 4lsit mortgage, all such sums to be payable in lawful monry of the United States of America at Atorteage~ s aforesaid pri~ripal office, or at such other place as btortgagee may designate in writing. 2 To pay when due, and without requiring any notice from Isfortc~agcc, all taxes, assessments of any type or nature and other charges levied or assessed against the premises hereby encumbered or any interest of Mortgage therein. To immedi- ately pav and discharge any claim, lien or encumbrance against such premises which may be or become superior :o this mort- gage and to perrnit no default OT delinquency on any other lien, encumbrance or charge against such premises. 3. If required by Mortgagee, to also make monthly deposits with Mor.gagce, in a r,on-interest bearing account, together with and in addition to interest and principal, of a cum equal to one-twelfth of the yearly taxes and assessments which may be levied against the premises, and (if so required) one-twelfth of the yearly premiums for insurance thereon. The amount of such taxes, usessmrnts and premiums, when unknown, shall be estimated by Mortgagee. Such deposits shall be used by Mortgagee to pay such taws, assessments and pr^miums when due. Ary insufficiency of such account to pay such charges when clue shall be paid by Mortgagor to 1•tortgagee nn demand. If, by retwn of any default by Dortgagor under any provision of this mort- gage, Atortgagee declares all sums secured hereby to be due and payable, Dinrtgagee may then apply any funds in said account against the entire indebtedness secured hereby. The enforceability of the covenants relating to taxes, asressments and insurance premiums herein otherwise provided shall not be affected except in so far as those obligations have been met by compliance with this paragraph. btortgagce may Iron time to time at its option waive, and after any such waiver reinstate, any or all provisions hereof requiring such deposits, by notice to Mortgagor in writin;. 1VSi1e any such waiver is in etfect Mortgagor shall pay taxes, assessments and insurance premiums as herein elsewhere provided. -1. To pay aC taxes, stamp tax or other charge which may be guessed upon this mortgage, or said note, or indebtedness secured hereby, without rrr.ard to any law, Federal or Shte, heretofore or hereafter enacted, imposing payment of all or any part therm( upon 1ltertgagcr. In event of enactment of any law imposinc payment of all or any portion of any such taxes upon ,tortgager, or the rendcrinq by any c•~urt o[ last resort of a derision chat the undertaking by Mortgagor, as herein provided, to pay such tax or taxes is legally inoperative, then, unless btortgaeor ne+rrtheless pays such taxes, all sums hereby secured, without any deduction, shall at the option of \tor'gagee become immediately due and payable, notwithstanding anything rnntaincd herein or any law hcrrtoforc or hereafter enacted. 5. To keep the prcmisr_s insured against loss or damage by fire, windstorm or extended coverage and such other hazards as may be required by Mortgagee, in form and amounts satisfactory to, and in insurance companies approved by btortgageq and with acceptable mort¢agrr loss payable chases attached. Such policies, together with such abstracts and other title evidence as may be required by l+tortcacce, shall be delivered to and held by ?+tortgagee without liability. Upon foreclosure of this mortgage or other acquisition ~E the premises or any part thereof by Atortgagtt, said policies, abstract and title evidence shall become the absolute property of \iortgagce. •~ Fi. To fiat obtain the written consent of Mortgagee, such convent to 1st grartrd or withheld at the sole discretio:+ of such htortgagce, lx•(ore (a1 removing or drrnolishing any building r.ow or hereafter erected on the premises, (b) altering the arrange- ,.•~ ment, design or~struchiral character thereof, (c) making any repairs which invoke the removal of structural parts or the ~~ exposure of the interior of such building to the elements, or (d) except for domestic purposes, cutting or remo+•inq or permitting the cutting and removal of any trees or timber on the premises. 7. To maintain premises in qmd condition and repair, including but not limited to the making of such repairs as Mortgagee may from time to time determine to be necessary for the presrn•ation of the premises and to not commit nor permit any +vastr thereof. 8. -I'o comply with all laevs. orcGnanrrs,•requlations, covenants,. conditions and rrstric.ions affecting the premises, and not to suffer or pcrrnit any violation thereof. 9. I( Mortgagor fails to pay any claim, lien or encumbrance which is superior to this mortgage, or, when due, any tax or zsse~sinrnt or insurance premium, or to keep the premises in repair, ar shall commit or permit waste, or i( there be rommenced any action or proceeding affecting the premises or the title thereto, then Atorigagee, at its option, may pay said claim, lien, enrum- brenrt, tax, assessment or premium, with right of subrogation thereunder, may makt such repairs and take such steps as it deems advisable A~ prevent or. cure such waste, and may appear in any-such action or prsxecding and retain counsel therein, and take such action thrreir, as btortgagre deems advisable, and for any of said pnrposts Mortgagee may advance such sums of money, including all costs, fees and other items of expense as it diems necessary. Mortgagee shall be the sole judge of the legality, validity and priority of any such claim, lien, encumbrance, tax, assessment and premium, and of the amount necessary to be paid in satisfaction thereof. Dtortgagee shall net be he'.d accountable for nny delay ir+ making any such payment, which delay may result in any additional interest, cost, chimes or expense otherwise. IQ. btort¢aCOr will pay to ?.tortgmtte, immediately and without demand, all sums of money advanced by Mortgagee pursu- ant to this mortgage, together with interest on each such advancement at the tale of ten per ctn:. (10`10) per annum, and all s~rch sums and interest thereon ihall I>< secured hereby. I1. A!I sums of money secured hereby shall be payable without any relief whatever from any valuation or appraisement laws. 12. If default be made in payment of any instalment of principal or interest of :aid note or any part thereof when due, or in payment, v•hen due of any other sum secured hereby, er in performance of any of Mortgagor's obligations, covenants or agrecmcnts hereundsit, all of the indebtedness scctued hereby shall become and be immediately due and payable at the option of • Mortgagee, without notice or demand which art: hereby e~pressly waived, .in which event Mortgagee may avail itself of all rights :~ji V