HomeMy WebLinkAbout0515 SEVIiN~1'H: "lliat the mo.tga~or a~;rce: to pay on dem.in.i ail exi~ecis~s aii.i attom~~s' fc~es ir,:urrc~i by~ :hc n:ortJi,,~e b~~
re: ~un oi lit:~~:iun ~~;th tl~ir~i p.irtics !o p:c~e;t uie lien of t!~i~ r.:ort~.i~;e ar..l ail nzoaeys so rai~l by the mo:t~agce, iniluc~-
ing any sxr.rnse inaured in procuring or continuing abstrac.s of t:tlr ana ticle policies an~i searching the records for
t}ie ~~ur~-oses oE sudi liti~ition, shafl be:xr intere;t at the same cate a: ~~~ecified~jn~th~ note seciired hereby oci tt.e pr~ncipal
thcreof a(ter ~iefsu!t :n.~ maturity, ind an~• such s~ims so paid ~~itii in!c;e,c th~reon s~aall can.titute a lien upor. said premises
an.l h~ secure~i by this mortga~;e an~3 in defaalt of inu,.eJiate rrna:mrnt ther:of b}' thc~ mi~rt~ap;or aite: afn~,n~i. ct~< <~~hole
inclet:e~lne,s secure.l hereby shall at the o~~tion of the il,ort~.i~e; f~ec~~ci:e ciue .in:~ ~.iyabfe fortl~~ti~ich «•ithutit notiic~.
~IGH'1~H: That a~ further seca:ity for thc pa}~mcnt of said indebteelness and tEie performance of all of ttte terms,
cu~~e~;.u,t~ acid cor.~litions hereol, the morcga~or does hereby morc~a~;e, trir.ytc~r, set over, a.,~~n an~l pledye to tlie mart~;:tgee
thc lessor's interest and estste in all leases, including but nut limiteJ to gas, oil un1 mineral lczses, no~r cr hereafter at~ecting
the saia premises or any part thereof, and all rent~, issues, income, }~rofits, ro~alties and bonuses due and to become due there-
under, an~i in the e~•ent of a default under any oE the terms, co.~~nants ana conditions of this mortba~e the mortga~ee is
hereby autliorized and empowered to collect and receice aIl su:~i rents, issu~s, inco~nc, profits, ro~~atties an~ bonuses due and
to become due and to apply ihe same against sai.~ indeb,e:ine~s. So long, howcver, as t}~ere shall be no default hereunder th~
mortg.i~or :halt h.ive the ;i~ht to to:lcYt and receive an~~ and ail surh rents, issues, income, prufits, roy.~ities and bonuses as
the-y respecti~•ely become due and E>ayable, and to use the sari;e ~~•i!hout accountin~~ to tlic mortglhee tFe~~•fo;
i~3INTH: That as fu:ther serur~ty~ for the pi}•ment oi s~id indebYedness ai~d tlie rerforman~e of :,?1 of tii•_ tcrr.~s,
co~~cn~nts and tonditier.s hereof tt~e mort~agor dces hereb}' mort€age, transfer, sct over, assi,~n and rle:l~~e .,n,~, th~ ::;ort~~~c~e
ai! titrus and other trops now growing and hereafter groa~n on said premises, hereby giving and ~ranting unco che n:or[~a~ee a
hr,: an~a priur Iien thereon, pro~~ided, however, that such 3ier. shlii be and is hereby expressly made subject and subordinate
~0 anJ~ crop [T10Ii~:~'~ CO~'CC1R~ 3C1~' GiIUS CCi1~5 ~S'El;;.{7 i~'~.`Tl~ ff1.0 CXISiCII:e f1y' fJ~00fI1 ~)IIOC t0 foreclJS!1CC $1iC .ii ~.:0~'SiiC'~~
~?C ~~715 mc~rtg:tEe or an~• annual c:o~s plante~j 7tlt~~ ~i~ id!~ :~~'f'C~O~UfC 53~:', .tle ~3f0\'IStORS Qf ~):?G1~C.lI'~1 7C:1~~1 ~:CCcu~ I1Di-
«~it1r:?an~?;r.~. Am~ such eroE~ mort,k.~~e shall not ho«•<<~en c~ a lien prior to !his mnrt~;a~e ~n an•y citru; rrop comins ir.:u
bein~~ b~~ b(o~~n subsec~uent to s:id fore:lu~~~~c ~~i:. ~r c~:i ,~r.•, .~nnu.il ~ro< i~i~nte.i s::i>se.~ueat to sait~ forzclu~ure s.tie.
I~f:\~I'H: Z~hat the mort~a~;ce mat• rel:ace to; such <<~n~ici_r.t:ion. ,.>r non.. i! mati~ r~c~~~ire, am E~:~.*'i,~n nf ti,:_ ;ho~~e
~
Le5CC1:`~~l l:flt~ K'IC}IOUt, 3S ti) th~~• rernain:?C': Of :~i; ',.C:li:('.'. 1:1 :ifij~i'u_' 4[22E'l.:(Ifl~' i)! c^.~YC~~Ii?~' ~~ic• liens anu E]f:Q!!i!':> i-i:ic~l:l
pro~•ide:l for 1he mort~aFce c~n;par~;~ to an~• sub~r~a:n~:e iic:~hol~i~r.
~:Li:~'EN~I~H: The net proceeds of :tn~• itr.3~~mc~~t, ;.~+.i;.l or <.etcl~i~~ent in aiiy con~~n:nation or o:f;er ~ro:e~~iir., Ee~r
1(1~ t~lfil3~'C Ii~ ~:le preml~eS, ~lUl~.ilC1LS OC Oitl.C fl:<:.!rc~; :~~~_..,u1 sh.iii tiic ~ ai~i i0 i}7c Itiuii~3~~C a;~d sh:i; lt Iti Ot'::OII. el(IICf
hC 1~~pli~d ~~s a uedit on any portion of thc U[l~.ll~~ ~.t~: [ICC O~ :}1!'. t1~.i;~ c,'-.~~.:fc~~~ }i~CC~~t', R-;1Cif1CC If:~il i1:.ItliCC:~ i)C ,0 Il'1i`_7(f
in the fi~cure, or be re;eased to rnortga~or.
"I'~~ELFTH: 7hat if the mortgagor st~111 dc~:wlt in khe p~rfo:man_e af any of the co~•en~nts o: agreemcn:: h~rcin
eor.tained, or iE an o~;•ner of ssid ~remises si~.:ll fi(e a 1~ecition ~eekin~ u~ .ur.~nc~: .en: or co:nrosiron or exter.s:on or an~•
Oi~`7Cf relief Li7iC~°C O' !',t1f5U3(:C t0 l}'i'~ ~~c'C~Ci31 ~?!]~ifUf'iCl' ~~Ct U~ 3[1~ <i?~le~ i:;l;!~:.C S~~:fU,° 15 ro«• or here.~iter 1[1 f'~CCt, O!
shall be .,dju~lica,ed bacikru~;t or i^;o:~~ent or : ny at his ~ro~~rty ~h.ill h.;~~e bc~n se~~~~esti°red and such ciecree shall Eia~~r
concinued undi;_har~;e.l an ~ unsta~•e~1 for ninety days after the entr} ther:of, the er.tir-r indebte~ness herebv secure~3, in,lud-
ing all pa}~men,s for taxes, asscs~rr,ents, insurance ~rcmiurni, lien~, attoraes3' iecs an~ expcnses here~n spccifi;d, s}:a(1, at the
oi.tien oi the n:ortga~;ee, aad a-itt-~oat natice to tf:e rnortg:co:, be ~iue ar.:i ;u~'e~t~h•.e o:~ce by foreclos:~re or otiien+~i~e;
and, escep; as to prope:ty where such pro~•is~on is prohihited b':' 1~~r, upon co~~:..enccr..cn! of any ioreclo~ure or 1t .:n•; cime
It~ere.afte~ tlie mo:tga~ce, as a mat.er of riglit, a~it}lout consiu:rition of >.he ~•il:e of the pren~ises, o; ~:l~etl~er the proi::rt~~
is p~ob;bl5~ insufT!cicnt to dischar~e tl~e mortga~e dcbt or is in danoer of bci~~~ lost ur remo~•ed or injured, an~3 irresF~ctive
of the sol~•enn~ or insoh~cncy of the mo:tgago: or the thcn ow•ner of said prc~mi~es, and «-i[hout notice to the mort~.t~or or
an5' person tla:min~ under him, shtll be entitled at once to the appoin±ment of ~ recei~•er for said p:en~ises, to colle;t the
rc~~ts, issucs a~,.l profits therefrom ~?u:in~ the ~endency~ of slcti foreciosure, and the proce~ds of sai.3 receivcr~hip sh.lll be
at~~~lie~l b•,- s~i s r~cei~•~r to~~~ard the ~=yment ot ;he ~n~ebt~dness secured by this mort~~;e, or to~~•ar~l ti~e pa}~mcnt of such
part of the judgment *endered thcreon as n~ay remain unsatisfie~3 aft~r tl~e sale oE s,aid pr~mises, or to repay to the mortgagee
an}' : i~'lncemen±s Rhich said mortga~ee maJ make after the corrrmtnce~rr.n; of foreclostire action fo: taxes, a~~essntenis,
ins~_irance or other chargrc 1S IIeCE'iI] provided, to~e,}ier ~vith inceres: tl:erec.n. at the same rate as specified in said note secured '
f;crehj• on tl~e p:incipif ±hereof atter ciefault and maturity, and from the procee~3s of s:;id recci~ership said receiver may~ make
ne~cssa*p repaic~ :sn~ keep said prem;~es in pcorer condition and rer•~ir per.din~ such sale, : n~i ~a.}' 2il taxes and assessments
3CCCUC.1 or accniin~ er redeem fro:n c; 1e, therefor and i,ay~ insurance ~remiurrs necess.iry to kce;-~ sai~ pr~ri~i=ec insurcd in
~ccon:.~~,:e ~•:ith tl~e nro~~i~ior.s Of ti;is rr.ortga~e, azd ~ay other ~ron:r ch~r~e; as l~e-ein r:o~,:~j;,l, an~ f:v the ex~en;e oi
th:~ r.:ei•:cr:hi~ . .
Z'I-fIRTEENrx: ia ~ase tllis n:o,tea~e he f~,re~C~,~c? b}• : suit in ey:,i:ti~ .;n~3 th~ n:ort~,a=~d nrernises b:: s.;l~l to s.itis~~•
ut It~r~:fUtiUfC, [t:C Cf6iC~':I5 Of S!:C}; ~?ie 5~13~~ ~ d~~l'~!C,~ :O~iO~t~: l'i~t`., Cp C~;~ frX~.C ~S?S t:?C,lffE~~ ~~."Cii^~.~C~ .
: se~~;nd, to a rezsonahle attorney's fee nct to exceed fi~•e f•er:erc of ti,e in~_ieh!.,Inec; Eer such services as rna}• ue ne;essan• for
ti~C '.iCC;!0.'1 Ot ~31~i I11(32hte(~~i.C$ :itlci ihe fo;eclosure Ot tt115 til0.'~Q3~C; ifli: ~(1 .:1C 1)1~P,lf'Ilt 0~ ~`.'f1G!E~l"C; ~lil'.l Uf SiiP.~.C i~l~
rn~~rt~.~,ee mzy ha~~e p~id or become liab;e to pa}~ ;n carr~-ing out t:,e~t•.-n~~ :n~i s!i~ui :iions of t}~is rr,o-tca~e, tu~cther ~~•ith
inierest thereon; aftj FI[11;~~ f0 :t1C ~'.iji:;C(lf 2l1i' S::"1`~3CilOD Of ~.'.I~; f;c','~. 1llc'. ~':.1.,'i;~, ;t :il`;, ~~11~~. U:~~C~S~ I:1: ~J:'.~: i~ti:C`C
otiier~;•isc, h~ p~id into th: re~i:!r~ of ;hc Co::rt h:a~:in~ jurisdict~an of si;c: fc:cclesure suii, to ::hidc ti:c furti:cr c-~icr of
s~id Court.
FOtiRTLE~tTH: 'I'hat the mort~,~~or is ]~«•iuliti~ seizc.l of s3id p:crn~s.s in fee simple : n~ has good ri,E;h; an~? l.i~~,•f~~'.
au.ho:it}' to sell and conve}~ the same, t~iat the s~me are iree fr~m encurabrances excepr as aEotesaid, that it shalt be I.iwful fot
ti~e rnt~rt~;agce at alt times, peaceably and yuictly to enier upon, hold, oaupr and enjo}~ said premises and crery part thereof,
thac ti:e n:ortgagor will execute or praure any further necessary~ ass~it:~nces of titte and does hereby Eorever wa;rant ~renerally
the ;itle to said premises and will fore~•er defend ihe samc a~ainst the claims and ~emancis of all ~ rsons a•homsoever, and the ~
niortga~or and the makets of saicl r.ote especiail~~ a~ree and dedare that the separate estate of each of thnm, ~~•hether rested, ~
contingent or in expectancy, is herebv ccnye}~ed and shall be bound for the payme~t of the deh; herebi~ secured and each does ~
~,ereby expressly aai~~e, release and ~rclinc~uish all risl~ts an;~ herefits oE an~ horne~*e,~L, appr~iseme~t, cxcrr~ .:ion or stay ta
«i~i~h the}' may bc :nti.led under the la~.~~s of the state in ~~hich said premises ire situate, tocether n~ith all ~on~er or curtes~•
ric~f~±s, and all in'erests and estates, statutor~~ and ot};erw~ise and nf ev~~c;r natt~re «h.,tsoccer in and to sai~i }~:~mise~.
t~ir"I'E~NTH: That the gi~•ing of «•ritten r,etice ad~aressed to tne o~•ners of rec~~;d of said ~.ren~ise; or ~~'d;cssed to ~
th^ s:~id ow•ners at their la~t address actuzlly f~~rnis}r,.{ to the mort~a~cc, or ::ddre~se.? to the o~i•n:rs at stid }~remiscs, and ~
~ir.~ ,