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Home My WebLink About1215 ~ ; SHVENTH: 'IL~t the mongagor agras to pay on demand all•ezp~ases and attoraeys' fees incurred by the moctg~gecb~ ceason of litigation with third putia to ptotect d~e lien•of•.thit'mottgaB~ aQd tlttt~oae~s so paid b~ the mortgagec, itxlud• ~8 ~1 ~P~~~ li ~ pravriag or contiauing abatracb af titte aad ade poL'des aad sa~crhing t6e reeords for P°~P~ B~o4 shall beu iattrcst at t6e same rate as spcci6cd ia t6e notc savtad hercb~ on the prina thereof after defiult and matucity. aad any s~ch sums sopu d with intecat thereon s,l~1l coastitute a Gen upon said prem'~ and be securcd by this nwrtgage and in defautt of immed'iate repaymeat thcnwf by the moctg~gor aEter demand, thc whok indebtedcxss xcvred hercb~ shall at thc option of the mortgagee becocne due and payable focth.vitk without notice. EIGHTH: Tbit as further seCvricy for the paymeat oE sud indeb~edness and the pecformaace of all of t6e terms. oovenants and conditioas h~ieof, the mortgagor doa here~ mortgage. tra~ufer, set over, assign u~d pledgt to the mortga the luwr's interest and atate in all lrasa, includia~ but aot limited to gas. oit and minaai teases, aow or Lereafter afl~xt g the said premises or an~ pact thereof, sad all rents, usexs. ineorn~ pro6ts, myalties and bon~ses d~u aad ~o baome duc thece~ unda, and in the evmt af a dehult under any of the tccros, coveaants and conditioos of this mortgage thc mortg,agee is heceby authoriud and empoareced to collat md ceaive xll such reats. issues. income, Pm6ts.roy~iaa and boauses due and to b~caome due aad to app~~ the same sgaiast said indebtednas. So loag. howevu, as ~ere sbalt be ao defanlt 6ereuader t~e mortgagor shall have ihc nght to collect and reoeive any and all wch rents? iss~a, p~~, royaltia and bonnsa as t6ry rapativety ba~ome due and payable, aad to u~se the saane witt~ouc aeeouating to the martgagee thereEor_ - NIr1TH: 'ILat ~tt fi~cther securitp for the payaxnt of said iadebtedaess and the perEorrmnce of all of the terms, aovrnaats and eoaditions ha+ooE d~e moctgagor doa henby mortgage~ tcaasEer, set over, usign and ptedge unto the mort8A8a al! duus and a~er cropa ao~r goowiag and hennfcer gcown on uid premise~ 6ereby giving aad grAacing nnra che morrgagee a fuu and prior lien c6ereon, pro~vided, ha~verrr, thic stuh lien shall be and is 6eeeb~ ezpresil~ made subject and wbo~cdinate fin aay aop mortgage wvaug any atrus crops w~ich come into esisteaa by bloom pri~ to forocloaure sak u provided by this mortgage or any annual crops planted prior to said foraiosure sale, the provisions of puagcaph Teath hereof aot- witlutanding. My such crop mortgage sh:l! crot howrvec be s leen pr;or to this mortgage on any dtnu aop mming into being by bloom subaeq~ent to said foreclosure salc, or on any anaual aop planted s~bsequent to said forecbsure sale. ~ TEN'1'1-1: Tlut t6e moct,gagee ma~ release for s~ch coasideratioa. or aone. as it aASy require, any portion of the a6ove dacribed lu~d without, as to the remai~der of the secvrity, ia anywise impairing or affecting the lieas aad prioritia herein provided for the moctgagec compued to any subordinate lienholder. - ELEVENI~I: The aet proceeds of any judgmen~, award or settlement in any tondemnation or other proceeding for wy damage to the ~remises, buildings or othet fixtura thercon sball be paid to the modgaga and shall at its option, ather be applied as a credit on any portion of the unpaid balance of t6e note secured hereby, arhether tl~en autucc-~i ~r to matnce in the future, or be relased to mortg~gor. TWEI.FI~-I: That if the tnortgagor shatl default in the perfarmance of any of t6e covauats or agceements herein mntained, or if aa owner of said premises shall file a petition seeking an arrangemeat or mmposition or extension or anp other relief under or pursuant to the Federal Bankruptcy Ad or anp aher siaular statute u now or herafter in effat, or shall be adjudicated bankrup~ or insolveot or any of his property shali f~ave been sequatered and wch decroe shall ln~e eontinued undistharged aad unstayed fot niaet~ dz~s afta the entcy theteuf, the eahre iadebtednas ~ secured, includ- 'DB,~ Wl~~ for taus, assessaoents, insurance premi~ms, liens, attorneyi fea and expeuses herein spoafied, sha11, at the option of the enortgagce, aad witho~t notia to the moctgagor, be due and collectible at once by foralowre or othetwise; and. ezrept u to propaty vnhae s~ch provision is proh~bited by Iaw, upon mmmencement of aay foreclosure or at aa' time therrafter the mortgagoe. u a matter of righ~ aithout coasideration of the value of tl~e premises, or whether the propecry is pmbzbly inw~iarnt to dischuge the mortgage debc or is in dangec of being lost or remove~d or injured, aad irrespcztive of the solve~ncq or insolven of the mortgagor or tne then owaer of said premises, aod without nodia to the mortgagot or ~1 P~~ ~~8. ~~~h~d at o~ce to the a intment of a recav~er foc said premises~ to c+ollect the er ceats, nsua and profits therefrom during ttit pendency of such oralos~ur, and t}x procerds of said raceivenhip s6all be applied bp said roceiver toward the pa'mait of tbe iadebtedness secur~d by th;s mortgage, or towud the payment of sudi pact of the jud~ cradcced thereon u may ramin nnsatisfied after the sale af said pranisa, or to to t6e mort any advanamenb whic6 said mortgagoe aoay matce after the rnmmeneanmt oE foreciosure adioa f~tyaza, assasm~en~ insurance or other c~uga u herein pmv~d e d, to~ w i t b interesc t haeon at t 6e same rabe as s p e c i 6 e d in said note secured hereby on the principal th~reof afta default an anaturit~, md fcan the proceeds of said raeivership said receivec may maloe necc~sa~7 re~n and saidpran~ses in pmp coudihoa ~ad repair pcading such sate, and pay alt tsu~a aad assasmmb ~ accrucd or aocc~ing or~ ~rom sata therefor and pay iasuruxr pr«ni~ nKasaq to koep saed prrmises insure~ in urnrdance wiih d~t provisions of this mortgagq ~ad pay ot}~er proper cbuges as herrin pravided, and pay the cnpense of th~ rarivership. THIRTEINTH: In use this mortgage be foredosod by a suit in equity and the moctgagcd premises be sold to satisfy a decrCr of foralosure, tfie prooeeds of snch saie sfnti be appJied u follows: First. t~n the ezpaua incucnd hcYtundaa ~ san~d, co a nasoosble 's fee ~t to ezaed 5cr ~ezceet of the indebtedness for sncb savica as maj be necasary for the mllect;on of said ind~~eb~ness apd tl,e foralasure of this mortgage; third, to the paymmt of whatcva sum or sums the mortgaga m~r bsve~pud or b~come liabk top~y in an~iag out the temis and stipulatioas of th;s mortgage, to~ther witb interest thueon; and6nally to the paynxcit and sat~sfaction of said r~. 'I1~ balancG ~f say, shall, ualess the Ctwrt dcrrle otherwise, be paed into thc regutry o~ the Court having juri:diction of said foroclos~ue suit, to abide the fu~cthet oi~ec oE sud Caut. FOURTF.B[~TI'H: That the moctgagor is lawfully seized of said pmnisa in foe siaple and has good ri~ht and lawful aotboriq to s~U aad oonve~ the siave, tbat tbe same aco fcoe fcom eacvmbrances e~cae~t as afonsaid, that it sFal~ be liwful foc the martgagee at all tima, Paoabll snd quidl~ to enter upon, hold, oocup~ and ea~q said r~isa and erap pact tbaeof, tl~at the mort~ag~x will e~etute ac pcenue an~ ~uct~r neeasacy assuranoa of title and doa ~ forever ararrant B~~I t~ tide to sud prariisa aad will forevec defead the same~~ tbe claima aad demands of aU persons whomsoerer, aad tIx mortgagor and the m~lcas of ~tid not~ apaiall~ agree and dedue that the sepacate esbte of ach of them, whethet vestea, eootingent or io rzpataoc~, is heerb~ coave~d and sh:ll be bound for tbe paynoent of tbe debt baeby saurcd and ach doa ~7 ~1 rdease and rdinqu~sh a11 rights aad brnefits of ai7 homestad. appraisemeat, ezanp~ or stiT eo whith the~ tm~ be entitkd ~mda the Lws of the state in ~vhicb said ptemua ue sitwte, togetl~et with al! dowa or cuttesy ri~b, and aI[ interats and estata, statntory and othenvis~e and of ere~ natune ~vhatsoeva in aad to s~id premisa. FIPTEENTH: lbat ihtg~vu~g oE ariMen aatia ~eddressod t~ tbe ow?neis of rrcord of uid pnmises or uldrased to the sald awnes: at d~eir last addras utuill~ fnrnishe~ ~ ~~~t to the o~wners at s~id premisa, aad 800K~LIUJ PACE - _ , ~ _ - _n,~_ ___.~--Q...,~.~ : ~ I~ _ - r°~ t i ~ S~ ~ta 0