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HomeMy WebLinkAbout1539 s YORl~GAGOR DOaS FURTXBB tr~ndts, ~st onr.w~a and ledrs anto 1[ort~a~ allerop~ soiw ~e?d Mr~att~r~ro wa on thi mo p~ps~n i~,,.1Reb ti~iat +wa ~ran unto 1[o~~~e a lirst aad psior ~tb~t+eon. pro~id~d. Dowrtr. that snch~yllien shW ~t and is ~reby mad~ e~ry~ ~nb.l~e! sad wDordlnat~ ~o aa~ csvp 6a~ or esop mortss`t a?coaabrins ero whicb ooma into exisLenc~ pdor to foreelo~ure sal~ a pra~M~d b~ thi~ tb~ pro~isioos at elans~ 10 ~nothwitbstandin~' Any suel~ erop lia~ or mortsap sbsll aot 6ow~t?er. b~ s prbr to thr mortia~ oa e~p into s ! to ssid~oralosur~ ~a1~. "C,am~ iato ezis~ and " into a~dst~~ shau. for pnrpa~«thbnnw~r~e. mean Woom in tbs cw a~erop~ lta~a ial ylanttnp~ orel~ard~. sad sAaU me~e~ p4nNn~ in th~ cass ot eropa iro~a snnnal or mose i ua~t pLnt- ~ngs.Nothins herein eontaieNd. bow~~er. shall oper~te to snbo~Inate fhe lien oi t6b nartsa~ as di~ trw or othts psreanial planb bat s6a11 ~o op~rat~ a~ to tb~ csops harvasted lherdrom. t'O BAYS AND !~0 80LD tb~ abo~ ~sanLd snd dMCribd premi~a outo Yost~es. its sneoa~on and ~utisas fore~er. Mot~r~or bereb~ co~enants t~at Yort~a~o~ b indeiaisibly ~eised oi the llortgaded Premi~ in fee simple~ Mo~~ r= is in aetual~ tbareof and bas inlt po~wer aad lawinl s[ght to oonrsy the suae in tes sim sforesaid; that it shaU be la'wtul fo: l[ort~aeee at all tim~ to pa?eeab1y snd quki~ly enter upon. hold. oeenpy and . e~joy all oi We ~dostpged Premiae~: that ti~e Yortg+a~ed Premises are free ievm all it?eumbraaces eu~pt is atar~ u~d; that l[ortga~or w~U make stxh fnrther assnnnoe to prove ldortgagor's tee siaiple title as ma~ be t~wonab~ required and Lhat llortgagor wiU and ahall fully wsrrant snd ddend the title to tLe same anto Mortsasee ssatnst tha lawtul claims and demands ot sU perwna wlaansoe~er. PROV/D1~D. ALWAYS. and thw preaenta are upon the ezpre~s condition that it Mortsa~or aball pay nnto Mortgagee the sums oi money a~ pmvided in the pmmissory note aforeaai~ and any e~ctenaions or renewals theseoi and intereat thereon. at the time snd ia the msnner therein provided. whether in dne eourse or nnder any covenants or atipn- lations herein contained. and shall pay aU other indebtedneas or liabilitiea secnred 6ereby ~ad shall well and tsnly keep. perform and comply witb all Lhe covenants. aqreements and atipulationa henin contained. then the eatate hereby~ra ated, eargained. sold and eonveyed ahaU eease and detern?ine; other~?ise theae preeeota ahall be and remain in inll foroe and efiect And Mortgagor hereby jointly aad severaily covenanta snd agrcea to and with Mortgagee u foUows: 1. To pay all awns aecured hereby whta due. 2 To pay all taxea and aasesaments at any time imposed. levied or asseased on the Mortta~ed P1Kmiae~ os t]~e indebtedness aecnred hereby, or the lRort~agee'a intereat in the mortgagcd premis~es befon they beoaae delinqnent (ane~ produce receipts therefor upon demana). ~nd any claim. lien or incambrance sgsinat the l[ort~a~sd Premises ahich may be or beoome prior to t6is mortaage. . 3. If the Mortgseed Premises or an~ part tbereoi beeome embraoed within the bonndaries oi at~ irription. levec dsainage or other improvement distnct (ezcept achool or road) and sue6 dtstsict ahall ha~e power to issne boads or ot~?er ~?idence oi indebtedaeas requiring the levy and colleetion oi taza in payment thenoi. the note hereb~ seenred shaA at tha option oi t6e holder thereof, witlwut natice. become due and payable, notwithstandins snytbin~ oonLined in said note. or t6is n?ort~a~e. or any law tbat m~y heraiter be enacted. To keep tbe l[ortga~ed Premira other than Lnd oontinnously. insared against lo~s by tire ana sneb other hasarda as awy irnm time to time be reqnested by 1[ortgaS~ in compuue~ and in amonnb in eseh oompany v msy be apysoved by and b~aooeptable to Yortgagee: all insuranca policies shaU contain tbs n~ual~~~mo clsuis makin~ tDe la~s pa~~sble. w[lhou! oaaRribntion. ~ xa~s•s~ ib in~.s n,.s sDD~. prompdy to and 6sW ldorfi~ee• Not las tban ten days in ad~anos oi tM ezpiratbn oi sach poli4. to ddit~r to Mort~agee s ranew~ tbereof. to~ett~er with reoeipt for t1~ premiom of saeh raatwal. Th~ prooeeds of W sneh insnrsncs or aay psrt thereo~l msY be ~pplied by Mort~aQee st its option, eitber to the indebt~dn~a ~ seenrd or to tbe restontlon or repair ot We propatr dam~sed. ' 6. That l[ort~asor (i) wtU not remave or decnoliah rwr altar th~ desi~a or drnetnral ehaneter ~2an~ bnild~ ' now ot heresttar ereeted npon tLe premi~as nnle~ ldot~ages ~baU first eon~ent thereto in wri ;(ii) wW maintaia the pramisa 1n eood oondition u?d repair (iti) wW oomply with all Lw~, ordinances, re~uL~ow, oo~easnb ~nd i sestrietions aifee~ tl~ yremi~es. and ~?I~1 not ~ntfer or paraait any violation ttureoi: will inrn4h ~neb iafornutlon respectin~ me and operation oi tbe premiw u liort~a~ee may irom tims to time dem~nd. 6. That l[ortsasor (i will not commft or snfier ~?a~te oi the prrmi~es or impairo~ent in an nsnner a~ ~ ~a ty i t s ~ agricnltnral valne oi tbe Ln and withont limit the enU of the tore~oin~, will cnlti~ste. t~. testilise. sps~y. prnne. repLnt orehards and citsus va eep the non-tiauber land ires irom fonl and noziow we~ds, bro~h and other nndednble ~rowtlu pro~ide fos~stoeic ~eliction. crop ro4tiaa, dnina~e, pre~enHo~n o~ a~aion and pastnrs maintenanoe in t~xordanoe wit~ ~~ood bnsb~ndry ~nd the new approred methois ot agtiealtnsal ~de~ebpmant; will not cut or reawve or anffer cnttin~ or remo~tns anY treea or timber on the praniia (ezcept for domestie pnrpaa) or remo~e tnspeatine or permit any cnppin~ for tnrpentine withont Mortsa~ee's written aonaent; (ii) wW opuab t1a timber land~ on the preatiaes in sooordanes with sonnd practicea of production. eare, and hs~astint: (W) will t~k~ those acoepted forest wnitation ~nd control meas~re.+ which are n~sonably nece~sarq to proteet uid timber lsnds from disase and insect infeststion; (iv) w~l take all measnres which are reuonably nec~sary to protect said timber lsnds from loa by fira, whkh measnns shall be at Iwt equal to.tira oontrol psactioa gaoenlly followed on tlmber prodncing property in the wne ~enenl area~ including the :dophon ot snitable prevention and oontrol meunra. tl~e maintenanoe oi roada in sncb manner as to permit ~coeu of mobile fire-fish?tinq equipment to all~ psrb ot tbe timbar land~. the maintenanoe oi fire Lnes. proper dispaal oi slaah and slabs and full oo-opention witb sht~ ~nd federsl ageacirs on mitter oi fire prevention and controL T6at u oSten as forest. wild firs or ot~her h~ard, inelnding wrindstora4, damage the tinaber lsnds. Yortss`os Rhall deliver to Mortga~ee within 20 days after the happeniag of each such oceorrenoe~ s detailed statement in writ~ ing. specifyin~ the namber_ oi acrea dama~ed snd an eatimate of the nature and extent oi the resnlting damt~a; tha~ if in the opinwn of l~ortga~ee, sncb measnres or equipment sre inadequate., the l[ortgag~or will, npon written reqnest oi the 1[orttagee, sdopt snch sdditionsl measares ud aoqnire and maintau~ snch additional fire-fightint eqnipm~t as the ldortgagee may reqnin. 7. To ps~ to l[ortas~a ~apon demand all snms, ~[IC~I~lilg t064~ !ZPlifi~ aild reasonabie s~enY~ ud attorae~'s - tees wbich k msy espend or beoome obli~ated for in proceedin~s. le~al or otherwise, to atablis6 or sustain tM lien 4 bereoi or fts prio:ity. or in defe~ndini apind liens. ¢lsims. riehts. estata or ea~emeata of ~ny peswn or persons aa~ertins Pdozity hereto. or in payment, aeWeiaent, dischsr~e, or release of anq asserted lieas, claims, ts, ea~s- ~ menta or estatea on oonnsel l[ortsagee tbst the ssme b saperior to the lien hereoi~ or ioz an ~traeC or snppkmeatal abstraet. to~etbe~ inte~wt oa a11 sneL snms so psid at the nte of ten pes cent (10~X.) psr anavm on tbe date tbe ssme are pai~ Yort~a~or sl~O oavenanb and age~ea to psy all oosta, ehargea and a~pensa, ineladin~ raaoa~ble sttorne~'s iee~ aad oommi~ions snd sbstract ch~rgea or e:penses paid or incarred by Yortp~ in ean- needon wfth sn~ sak to enforoe oollection or to loreclose this mort~a~e in tbe event this mort~ag~e and tbe note os , otber indebtedaw :nd aaaounts 6ereby ~ecured be plaeed in tl~e hsnas oi an sttorney for oolleetan. and tos tbe pa~- ment of all snch aioounts this mortsa~e ~hall atand ~~ecarity aad any snc6 snm os sunu w paid s6a11 beooms a put oi tb~ indebtednas secured bereb~. & In a~e ldort~a~os shall faU to promptly di~ehargs ~ny obli~atian or eovenaat as pt+o~ided herein, ltortsasae rball ban the option. bat no obliption, to perfor~n on behalt of ldortgagor. Aay amonnt whic6 l[ortgaaes msy acpead in pe:latmin= soch act or in oonaection tbesewitb, witb interat tLereo~n st the nte oi ten per oeat (10%) D~ ~ w[W all inelnd~re~wn~bls sttoins7'~ fea ineosred by Yo~a~+e~, shall be imme~iatel7 D~lable p ~ and~ 11 be ~ecared t6is sortpse. snd 1[ort~~ee sball ba subro~ted to an7 risbta. eqaities or lisa~ ~ d~~ 145 337. ~ - - ~ _ r~.~.~,, y , . ~ _