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HomeMy WebLinkAbout0111 ~ , . • . . fOGcTHER WIT~1 al 1 and s i ngul ~r the tenencnts ~ hered i tar~ents and appurtenances tnereunto belonging or in anywise thereunto appertaining and the rents, issues and profits, thereof, and also all of the estate. right, title. interest and all claim and decnand whatsoever, as weli in law as in equity. of Mcrtgagor in and to th~ same, including but not limited to: (a) All rents, profits, revenues, royalties, rights and benefits derived from (1) crops grown on said security and produce of the soil otherwise (2) oil, gas or mineral leases of the premises or any part thereof, now existing or hereafter made, with the right to receive and receipt therefor and apply the same to the indebtedness secured hereby either before or after any default he~e- under, and Mortgagee may demand~ sue for and recover any such payments but shall not be required so to do, a~d (3) all other rents, issues and profits of the premises from time to tirr~e accruing~ whether under leases or tenancies now _ ~ existing or hereafter created, reserving to Mortgagor, however, so long as Mort ~ gagor is not in default hereuncier~ the right to receive and retain the rents. issues and arofits in clauses (1) and (3) herein. (b) All judgments. awards of dartiages and settlements hereafter made resulting from condemnation proceedings or the taking of the premises or any part thereof under the Qower 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. or to any rights appurtenant thereto, including any award for change of i ~ grade of st~eets. Mortgagee is hereby authorized, on behalf and in the nac~?e of i ! Mortgagor, to execute and deliver valid acquittances for, and to appeal rrom, any ^ , ; ~ ~ ~ ~ such judgments oravards. Mortgagee m.ay apply all such su~s or any part thereof ! ~ ~ so received, after the pay~ent of al1 of its expenses, including costs and attorneys' ~ ~ fees, on the indebtedness secured hereby in such manner as it elects. or, at its ~ ~ ~ opt+on, tr~e entire amount or any part thereof so received nay be rzleased. ~ s i0 hAVE AND TO HQLD ti~e above granted and described premises to Mortgagee. ~ x its successors and assigns, forever, and N~ortgagor daes hereby fully warrant Lhe ~ ~ ~ tit:e to said iand, ar,d will ~efend the sar.ze against t~e lawful claims of all ~ ~ersor,s wt~,c:~soever; provided always that if Mortgagor shait pay to Mortgagee that ~ - c~rtain ~rcmissory note above described and shall perform all othe~ covenants ~ ~ ar.J ccnd:ticns of said pro~issory note, and of any renewai. extension or T~odifi- ~ ~ c~tio~ t::~reof, and o,` tnis r.:ortg~ge, then this mortgage and the estaie hereby ~ ~ cr~u;i:d s: al i ccase and be nul l azd void. f ~ ; _ _ ; >_r a~i91 li0 _ ; v~ . t - . -