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HomeMy WebLinkAbout1859 . _ _ . . _ - _ _ , _ . _ _ - - 3 ___3 . . t + ~ SEVENTH; Tlut the mortgagor agrees to pay on deaund all apensa and attomeys fea incurred by the moctgagee ceawn of litigatioa with third parues to protat the Gcn of this morcgage aad all moneys so paid b~r the mortgagee. intlu • ~ ing any ezpense iacurred ia procvring or continuing ab~racb of dUe and title poliaa aad s~rching tbe recocds fa the purposes of such litigatioa, sball beac interat at the same nte ss spod6ed in the note saurod ha~eb~r on the priacipal ~ f thercof aftec default aad auturity, and any such sums sopu d with iatecat thereoa ahaU mastitute a lien upon said prcm,sa sad be ucured by this awrtgage and ia default of unmediate apapaKat thereof bp the mortgagor after demand, the whok ~ indebtedness secured hereby shall at the optioa of the mortgagee become due and piyable focthwith without notia. • EIGHTH: TL~~t as fuithu security for the payment of said indebtednas and the perfocmana of all of the tem~u. oovrnants and rnnditions heceof, the moctgagor doa herebp mortgage. transfer. set over~ asc,ga and pledge to the mortgagee the lasor s interat and estate ia all leases, including but not limited to gas, oil and mineral leases, now or hereafter a8ecting the said premisa or any put tlxceof, and all reats, issues, i~ome, profics, royaltia and bonusa due and to become due therc~ under, and ia the evrnt of a default under any of t6e terms, rn.enants and conditiau of this mongage the moctgagee is 6ereby authorized and empoW ered to collect and radve all such reaa, issues. incomq profits, royaltia and bonuses due and to become due aad to apply the same agaiast said indebtedcuss. So loag, howcwer, as there sl~all be no default hereundec the mortg3gor shall have the right to coUect and receive my aad all such reats. issua, iacome, pto6ts, to'alties and bonuses as thry cespecti.•ely become due and payable, aad to use the same without accouating M the mortgagee thecefor. NINTH: That u further socurity for the payment of said indebtedness wd the pecfornnance of all of the terms~ covenants and coadidons hereof the mortgagor does heceby moctgage, transfer, set over, assiga and pledge unto the modgaga all dcnu aad otha aopc now groaving and hereafcer grown on said premises, hereby giving and grancing unto the morcgagee s firsc and prior lien chereon, provided, however, rhu such liea shall be and is l~ereby acpre.csl~ made subjett and subordinate to any uop mortgage mvenng anq utnu aops which come into existence by bloom prior to fon~closure sale as provided by this mortgage or aay annual crops plaated prior to said foraJosure sale, the provisions of paragcaph Tenth heceof not- ; w~thstanding. Any suc6 uop mortgage shall aot however be a lim prior to this mortgage a~n any atius aop mming into ; being bp bloom subsequent to said focalosure sale, or on any wnual ccop planted subsequent to said forectosuce sale. ~ TENT'H; That the modgagee may release for such considentioa, or noae, u it am~y requir~ any portion of the aba~ve ; . dauibod land without, u to the remainder of the secvrity, i~ anywise impairing or ~eding the liens and prioritia herdn pravided for the mortgaga compued to aay subordinate lienholder. ' ELEVF.I~TI~~; The aet proa+eds of any jndgpnent, awud oc settlement in any condemnation or other proaeding for ' any damage to the premises, buildings or other fixtures thereon shall be paid to the mortgaga aad sball at its option, eitha ' be applied u a aedit m any portion of the uapaid balanae of the note secured hereby, whether thea matured or to matare in the future, ot be rele~sed to moctgagor. TWELFIH: T7nt if the mortgagor shall defaalt in the performauce of any of the coveaantx or agceements hecein mntained, or if an own~r of said premises shall 61e a petition sceking an arrangement or mmpoaition oc eztension or au~ other relief undec or pucmant to the Fedaal Hanlcru~ Act or my other similu statute u now or heceaker in effat, oc shall be adjudiated bankiupc or insolvent or a~ of s propect~ shall have ban seyuatered and s~c6 deccee slul! ha~e : continued undischarged and unstayod for ninety days iftec the enuy thereof, the mtim indebtedne:s 6ereby savred, inctud- r 1°8 ~ PaYme~ for tazes, assaunents, inwrance pcemiueLS, liens, attomrys foes and ezpa~ses hereia,speafied, shall, at t6e option of the mortgagee, aad without aotice to the mortgagor, be due and collatible u oace bp foreclowre or othecwise; ' znd, empt u te property wtxrr such provisioa is prohibitod by law, upon a~mmencement of any foralosure or at aay time theceafter the mortgagee, as a matta of rig6t, without eoasideratioa of the value of the premisa, or whether the propat~ is probaWy insuffiueat to d~scharge the moctgage debt or is ia dangec of being loat or removod or injured, and 'urapat~ve of the solvencp or insolveney of the moctgagor or the then awnec of said premises, and without notia to the mortgagor or any pecsoa claiming unda him, shall be entitled at oaee to the appointment of a nceiver for said premisa, to collat t6e cents, uwa aad pro6ts thecefrom during thepea~ of such focalosure, aad t6e praeeds of sud raeivecship shill be applied by said raavec towud the payment of the indebtedaess secured by t6is woct8a8e. or towud the payment of su~ part of the judgment rendered thecea~ u may cetnain ansatisfud after the sale of said prem;ses, or to reFay to the mortgaga a,n~ advancmxnb wWc6 said moctgagee m~y malce aftec the comrnencuneat of foralosure ution for taxes, asseumenb. insurince or other chuga as herein provided, togethet with interat thereoa at t6e same rate as speci5ed in siid note secvrad hereby oa the prinapil theceof after default and maturity, ~ad from the proceeds of said ceceivecship said ceceiver may mabe ~ry repairs and kap said premises in ptoper candition aad repair pending such ule~ and pay all taxes and assesscnents uaued ar u~cnung or redeem £rom sala therefor and pay insuru~a prenniums necasary to kcep said pcemisa iasured in accordance with the provisions of this mongag~ and pa~ other Pcoper chuges as heraa provided, and pay the ezpense oE the reaivership. THIRTEENTH: In cue this moctgage be foreclosed by i suit in equicy and the mortgaged premisa be sold to satisfj a daree of foralosure, the praeeds of s~ch sale s6alt be applied u follo~vs: Ficst. to the acpeases incurred hereunder; - socond, to a casooable atterae~ s fee not to estoed 6ve pacrnt of the ind~tedn~ foc s~h secvjca as ma~ be neoasary fa t6e eollatioa of said iadebtednas aad the focodaaure of dus mortgage; third, to the pa'ment oE whateva sum or wms the martg,lgoe ma~ 6ave paid or baome liabk topa~ ia arc~ing out the temas and stiputations of this mortgage, tog~a ~vith interat thereon: and 6nall~ to the paymeot and sati:fadion of said aote. The balana. if aal. s6all, oalas the Court dacee etheraise, be paid into t~e ngi~ oE the Cw~ct having ju~didion of said foralosure suit, to abide the further order d said Gourt. gp~JItTBBNTH; T6at the mortgagor is lawfutlr seized of said pcemises ia f« siaple wd hu good right and lawful 1 aut6oriq to sdl aad oon~ tbe same, tt~st the same ue fra froan encvmbranea eiae~t as aioresaid, that it s6aU be la~rful fa I t!x mortg~gee at au tima. Peac~ablr ~ 9"'e~ to~ «uer npon, 6old. oaup~ ana «i~ said pcanisa .na evec~? p''~c~l ; that the mo~t~saoc will e~en~te a p~oau+e aar fncther neoaaar~? assnranoa of tide ~doa baeb~ focerer wurant t6e title to said premisss and will focerer defmd the same against the daims and demu~ds of sll pec~ons w?bomsoe~rr. and t6e moctgagor and d~e m~kas of ~aid note apeaalt~ agine and dedace tl~at the sep~rate atate of ac~ of thaq wbethet rested, oootin oc in e:pectaoe~. b 6erebf aon~eTed and :6aU be bouod fa the pa~ma~t of the debt hereb~ secnred ud ad~ doa 6~ ~~f aP~1 rduse and rdinquish all righb and bene5ts of an~ hoa~atead, appniseaoent, ezemption oc s~~ eo ' ~vhid~ ~ a~ be entitled mda t6e hw?s of tbe sbte ia w~hich said prem,sa ue situate. togettxr ~vith alt dower or curta~ r i ; righes, an all ~nbecesb aad est~ta. stat~toc~? and otherw~ise and of every natate w+hstsoe~a in and to uid pcemises. ~ ~ FIL~I'~ffi~TIH: TLat theg~u~g of ~rritta~ notioe sddraxd eo the o~vnea of teootd of aaid premisa oc addreued to • the ~aid ownas at tbeir Isst addreu actuall~ f~unished to the mortgsgee, or the ' pcanixs. ~ad ! ~ ~ ~~~i~ , r . _ _ _ _ - .