HomeMy WebLinkAbout5118 7'O(:F.T!lF.R 11'1T11 .~11 :i~id singul.~r thc t~•nr~nrnts. hrr~•~iit.~~uc~~ts .~n~1 appunrn.~uc~~s thrr. unto Lalongi~l~ ur ~n .~u~Nic~•
thrr~•untu .?ppr~t.iiniu~ :u~d thr rrt~ts, issurs arn1 prufits thcr~•of. .~nd alsu .JI ihc rst.itc, ri4ht, htlr, iiiti~rrst an~i ali ciaim .mci ;
~1~•~u:snd avh:~tsor~~•~. .?c well in I.~~v .ts i~~ rquit~•, o( the said \turte.~~u~ in and to the s.une, in~~tu~iinq bui not fimitrd to:
1:~ ).111 rent~, prufits, re~~rnurs, ruyalties, ri~}us anJ ?xne(its d~•rivrd irom ( 1) crups ~rown on said securit~• aud prcKh~ri-
thr suil othrnvue oil, c•ss or mincral te.?srs of th~~ prcrni;~•s ur .~t~y p.~rt theriY~f, uow Fxisline on c~rein~tter w.,dc. and
i=~) ~I) other fC(lll, ISSUM and pro(its oi the premises from timr to timr ac.ruinK. ~hrth.~r under lrases or ten.~ncies nuw exisCing
on c~•rr.~fter cre.~ti•d : in each su~ h i:isr with th~~ right in the \1.~rte.~eee, but onl~• :it its optius~, to r+•. rici• :~nd n•rcipt thcrrfor
and tu :ipph• the s:~nu• as it m.+y rl~ct to an}• ind~~btr~lnrss srrun~d hrrrb~•. .~nd thc \turtct~c~•, at iu upti~~n. ~uav d~•~u.+n~l, su~• 4~r
:ind rrcocrr :u~y su~ h E~:i}m~•nts, rrs~nin¢ to thc• \f~~rt~.~~ur, hu~~r~i~r, so lunr as sei~! ~turtKaeor i; not in drf.iult hcn•~inder, th~•
rieht to rrceive a~ul rrt.~in such rrnts, is~u~•s .~nd profitc.
(b~ :Vl ju~lLnirttt3. a~~.~rils oi ~l.~m.ice•s .uut s~-ttlcn~~~nt~ h~•tr.ittrr ui.~dc es a ~~~:ult o( ur in lii~u ~J en~• t.~k4n~; uf th~
E~rrinisrs c~r .~ny p.trt th~•n•uf-undrr thr Ewwrr af c~nin~nt ~to~u:~in, or fc,r anq danc~e~~ ~ ~ch~th~•r c~~ur~l L~~ ;iich taki~i~ or uthi•rHi,i~:
tu thr y~ra•tnis~•s or thr iiupro~~ements thereon or am• p.ut thrrruf :.u~ h part of an,r• su~ h ju~t~rn~~nt, a~~:~rd or s~•t!!<•uter~t. .+c thr
~fort4.~ce•r ~u.rv rlrrt to be• applird tu ttte ~ndebte~tiness hc~r}~~~ s~•rurr~l .~„d the b_u.~uio li~r~c.~:. if .o tx- rrs~•n•~•d to t1:e.
party or p:~rtics uthr~wi,e~ cntitl~vi th~•~rtu.
T(1 11:1~'F. .~\D Tn 11OI.D the alwce 4ranti•d .nid dr;i nh.•~i pr.•mises to th~~ s.i:d \l~~rti.i~.~c. ;ts suc'crs;nn ~nd i;si+~ns.
f~~re•crr. :~u~} thr s.~id \tuttr.~e~~r ~tuee hen•by full~• a~~.irr:int thc titlr tu ;:iid I.~nd. :~n.l ~~~ill drti~u~l thr >.un~~ .~c.s~n.t thr I.~~.f~~I
rLii~si; of all pvsuni ~cl~uni;nce~•r: pru~ id~~d ala~•.tvs th:~t i( \iutt~.icur .6.~11 pay to \iortcacr~• thst ~ crtun prae~ii.c~ry not~• :ilH~i r
<!~•~flIFN`tI i(1<I sh.~ll t>e•rfnrt? .~1! uthev rovr~iants :~ri~! ~ c~n~liti~,t~s of s.~id prumiswry nutr. :~nd oi : m• r~i~c.~•.iL cxtrn+iun or ~n~1i-
fi~.itiun thrrrnf, and of this uiort;:~r~-. thrn this morte.~er :md thr r;t.ur h~~r«•by cmatrd shall ceaie~ :wd be null and coid. ~
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\fort_.~¢or f~~rther ~ ~t•i-n.~nts :ind :~~r`~s w•ith \l~~rtc.~er~ a: follu~vs:
l. 'To pa~• :t~l suin: includint int~rest ccrurrd hFmt,v ~.hr~~ clu~~. as pru~i~1,~~1 for in s.~id pruniissor~• nutr and :~n}• rencacaL ~
r~trn<i;~n ur niexl~ficati~~n ~her~,E .~nd in this mortG.iee. all surh sum~ tu {x• p.iy.iblr in I.~~c(ul n:nn~•y of the l'niti•d States of
\m~ri, :i at ~tort~;.i¢~•~'c :~(on~said princip.il offi~ or at surh ~~th~•r pt.u c:ic ~lurtcaLr~• m.~}~ dcsi~nstr in a•ritin~.
2. To p.~~• avF~r•n due, and ~~•ithui~t reyuirin~ :~n~~ n~~ti~e frc~ni \torti:+¢r~. :?il t,~xc+, :ic;~ssme•nts of any h~x~ or n~teii~
.~ac! ~~thi~r ch:u;~r; lerirel or .~.setsrd .~e.einst the~ pzrr~~i~rs h~•rrby ~•nrun36~-r~•d or in~• int«rst o( \Iortl'.~ee~ th~rein. Tu irnnL•iliate•k
p.~y .~r.d dis~ h.uer .~m• .l ~im. lirn nr rnrun~br:uur :~e.~in.t such pmniiscs .vhi~•h m~y tx• or heronic superiur to thi; u~urtcace and
to pcruiit rw d~Liult or d~~linryu~•nr}• on aa~• oth~•r !i~•n. ~~niumh:encc or c}I:1CCP ,lk'.UD3~ such prrmisr;
~ 3. If ~~yuirrd b~• \torte.~cr~•. u~ .~k~, m.«~~ uu~nthk ~lrFx,.its ~~•ith ~tartca~ee. iri a non-intrrest Iw~~rin~ :+c.-uunL. toe~~ther
~~~ith .ui~l in :id~liti~~n t~~ int~•rrst aad p:i~uip,~L ~f .i :n:u ~•yu.~l t~~ on~-t«•e•i(th uf tiu• ~"C.1fI~' L.1\PS :ill(t :i35t~ssme~nts u•hirh m:~v b~
1~~~ i~•~i :~c.~icist eh~• pr~~rnis~s. an~i 1 ii co re~quirr~d } e,tu•4n~~ lfth nI thr ~~~arlc prr•~niurns for iii:ur.+ncr thcre-on. Thc ~n~uunt of surh
t.~xrs, :~.s~s:tn.~ntc :~m! jiremiu~nc. ~vh~-? unkiiow~n. :h.~ll b~ esti~nat~•~1 b~~ ~[ortti•aqre. Such de~waits sh:~ll be usrc! h~• ~1ortC.~c~r
t~ p:~~• su~h ta~~•s. as:r;.~ne~nts and pr~•cniume a~~hrn ~lu~~. :~m• in,u(fiei~~ruy of cu~h accourtt to pac surh ~•h~r¢cs ~eh~•n duc sh.~ll
p.~i~1 b~• \t~,rtt.irur tu \to:tE.ik.~c ~.n .i~•i~l.~mt. If. f~c r~•.~um ~~f :~ti~• drf.n:lt by \fort~.~4or t~nclcr any pro~•ision c~f this tn~~rt-
c.itr, \t~~rt~_.e,<•r~ ~lr~ la.•~c aD 571I7)S s~i ~urd hrrrhp t~~ he d~ic :in~1 ,i.~i.tbl~•, ~iort~:?erc tnay th~n apply an~~ funds in s.~id aceount
.+~.+ir.st th~~ ~~ntirr in~t~~Lt~~dn~~; s~c un-d hcn•b.•. Thr cnfurcc.+L;lit}~ of thc coccnants rcl.~tin~ to ta~M, asscssmrnts ~nd insuran~~
pn•n~inii~c hrn~:n whrr~+'i« pruci~lyd s}::~11 n~~t br .iff~~cte•d i~s~ ~~~~t in ;c~ {er ac th~:e obli4ations hat~r b~en met b~• rutopti,~n~r ~cith
thic p.~r,~~•r.~~~h ~1~,rt~• n~.~~• fr~nn tim~ to timr :~t its optinn ~ti•.i;~r. ;~nd aftFr :~ny such a:ii~•rr rrinst:~t~. ~n~• or :~ll proiision+
h:•n~c,f r<-qieiren,• c~zrh !~t'~N~~}IS. Iri' 1)/~tllP tu \f~rt~.~¢~v in writine. ~~"hilr :ir»' suih a~.~i~cr is in ~ffcrt \iurtea¢or clial~ p:ic t:~r~•s.
.~::~•;.mrutt :~ml in:ur.inre~ prr~niu~iis :~s hrrein el;~whrre prncided.
1. To p.~v :ill t.~xe•~. st.i~np tax or othcr i h:~r~~ ..•hi~ h~n.~~• b~ ass~s~~d u~~n t{iis m~~rte:~,•~. or s:~id n~~t~•, or inde•bt~ilni~ct
~~~rure~3 h~~rv•t;~, withu~u r~•e.~r~l tc~ ~nv law. F~~der11 or Statr. heretofore or herc•lfter cnai t~~d, imEx~sinc p.~~~ment of :~11 or .~nc
p ert th~~r~~~~t cFNm \f~,rte.ic~•~. in c~rnt of ~n.utincnt of :~11~' LttY liq~lO~IIIQ Fldt'It7CIIL QI :/U or am• ~~oriion of any su~h t~x. c uiwn
\fortc.e,~~•~, or the• re•n~l~~rin~ b~• :~nr ~nurt uI last rrsort nf a dce-ision th~t thc und~rt:~kinr b}• ~1nrt¢.~qar, as hcmin pro~~ide•d, to
I..+.• .urh r.~~ nr t.~~~c i; ],~c,~lh- inu}~cr:tti~•c. thcn, unlrss \tort„~~o~ nccerthclcss pacs surh tic~c. all sums hcr~bp sc~-ur~d, without
un' d~~dni-tic.n. ~h.:? :it th~ ~~j~tiun c~f ~fort~,~¢ec bernme immediateh• due and pa}able. not~vithst:~ndine an~•thing contained hrr~in
~~r :irt}• I.iti~- here~i~~furr ~~r h~•rr:~ft~•r rn;icte~d.
i. T~ k~•rp th~ premi«•s ins~u~-d against loss o~ d:~m~ce b}• fire, windstorm or ~xtendec} cocer.+ec and sai~h eth~r hazards .~c ~
+:1:n- t~c• r~~qnir~•d b~- ~tortc.+e~~~~, in furm :?nd am~~unts s.~tisfai~tor~• to, and in incurance comp~nies appro~~~d by ~tortcieF~, and with
.~r; rpt.ihl~ mortc.~e~e locs pay: blr cl.inscs att:?chcd. S~~ch Fx~licics. toccthcr with such abstracts and other tidc ~~•id~nrc as mati~
- : ~ ~ti ,~t t.e .~..1;.-....-.1 •n - .,.1 h~lrl h~~ ~(nrte~rrr w~t ont li:~bilih•.
• - ~ • , - • - ~ ~ , ~ h ~,n fc~re~ Insur~ of this n~ortcaec or
~~tl~~•r .~cyiii;itinn nf th~~ prc~niecs or :~ny put [~iPfCOP F1C ~IO(tQdEPC. S:il(I ~OIfCICS, 3Ii5li.lf(S .-tl7(} title• M'!(~P11fC sh.~l) 1N~orn~ tAr '
:i}~;~~Lifr ~~rop~rh• oI Jlur~c.ierr. ~
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T~~ (irat r~ht.~in th~~ writtrn ronsr»t nf ~f~rtei,eer, such consent to b~ eranted or withheld :?t the sol~ diuretion of such ~
\(~~rt,-.ic~~~•. iNi~~rr ;1~ rcmucin~ ~~r d~molishinG an}• Luildine now or hercafter crertrd on the pr~~nises, Ib) alterine thr irranC~-
! t~:«~nt. ~?e•:icn ~.r ct:uctur~l ~h.~racter ih~•r~nf. (cl m~kin¢ am• tepairs which im-ol~'e the rem~~~.il o( stru~tural p:?rts or th~
~'~FH~:un~ i~f th~~ intrrior of such buildine t~ th~ e~le-inrnts. or fdl except tor d~mestir pur(ws~s, cuttirt~ or rr»iocine or prnnittin~
thr ~ uttin_ ;1nd rrr.~o~.il ~~f :i~»• trrrs nr timbrr on thr prc~niscs.
; T:~ rt;.ei;:t:iin (ne•mi:rs in ¢«xl rondition and r~pair. inrludin¢ hut not lim:t~e1 to th~ tn.~kine ~f such r~p.7irs at \tortc.~c~~
~n+c f:~~~n utn~- t~~ tiin~• d~vrn;~in~ to be~ ner~•ssan• for the presrr~•ati~~n of the premises 1nd to not rnrmnit nor }xrnzit any ~c:,st~ thereof.
8. T~~ crnnplt- ~.~ith :ilt la~cs. ord;n:~ncc~, rc¢ul~tiuns, coccnants, canditions and restrictiont :~ffcctin~ thc premis~s, and not
u~ suffrr or ~-rrnit enc viul.itic~n thrreof.
If ~t~~rte.~e~~r f.iils to pa}• .~nq claim. licn or cncurnbranc~ whi~h is su~rior to this tl~artc.~¢c. or, whcn dur, any ta~ ar
:s«:str.~~r~t or IS1~Uf.1i1fP pn•mi~tm, or to keep tF~e premis~s in repiir, or shall fOTiliilll or p~rrnit ~~~aste, or if thrr~ b~ fOtI1RtCOfP(I
~m ti<m ~r pr~~c-~•~~rline affr~-ting th~ premises or the title thereto, then ~fortqagee, at its option, may p:n• said clairn, licn, ~ncum-
hr ~n, t.~~, accr::~r:r~t or pr~rnium, w•ith richt of subro¢ation thPrcunder, may makc such rcp:airs :~nd takc such strps as it dccros
~~i~i~.+}~lr tn ~ire~~~nt or ~ur~- snch w•:ist~, and may- appear in any suc-h action or prexeedinc ~nd ret:~in c~un~c~l therein, ind takc
~+i• h.+~ ti~~n Ihrr~•i:t :ts ~inrtc:~~~~ d~~ms ad~~is~ble, and for anv of said purposcs \fortq:i¢~r tnaa• ~r:~:in~c such sur~rs of monrv.
tu~?:;,, .+H ~~,~ts. fr~,s ~nd othcr itrms of cxp~nse as it deems n~rrssir}•. ~1ort¢aKer shall be th~ sc~li• juder of th~ Icealih•.
•..~li~(itc .~u~1 pri~~rit~~ of an~• wch claim, lien, encumbrance, t:~.c, asses~mrnt and premiurn. and of th~ anu.unt ne~~•s<..ir~ tu hr p:~id
in ..ir,~t.:, ti~,n th~•r~ ~~f. ~turte.~c~•~ sh.:ll not bc h~ld account.+blc for ar»• d~la}~ in nt.ekin¢ .~n}• 5ui h p.~}~rn~nt. ~:hich dclay- nr.~}~
n•=ult in .~nv .~clc!;ti+~n.~l If7IPft'SI, f051, fF1.lfCCS nr CXOCTICC otherM~is~.
1+~ \t"rte.~~•nr ~.i!! p.~~~ tu ~forte:~¢e~. itnmediately and w~ithuut d~~n.~nd. all sums of munec .+dcan~~cl b~• ~1+>(ZC.7C~'~' ~nin~i-
.~~:t tlc< m~~r!~.e~~~. i~~ct•th~r with int~~rrst on r~rh sui~h ~d~~.~nrcm~nt at thc rat~ nf tcn jKr rcnt ! I(1~: ; pi~r :inniun. and all
.~n h:.irrc .:n~l i:~t~•r~•;t the~re~~~n sh.+ll bc sc~ un•d hereb~•.
11 ..\!1 :umc n~:~mre sri ttred hcrcby chatl b~ pac,iblc without any~ rclie( wh~t~~•er from any caluatian or appr~isement ta~+•s.
if d~~i.~ult 1~~~ m.ui~ in pa~m~•nt o( .u~y inst.~)mrn[ of princip.i) or ir~tcr~st of s:~id notc or .~ny part thercof wficn du~. or
in p.~}'mcnt. ~~ii<•n dur uf :in}• oth~r surn s~rur~d hrrcby. or in pcrformancc oi any of ~tortqaqor's obli¢ations. covcnants or
a¢rer•jn~•ntc hi•r~~und~r. :+11 c~f the indebt~dness se~ured hereby shall becume and be imm~diateh• due and pay-af~le at th~ option of
\tort~.icr~. acithoiat notir~- or drin.+nri whi~ h.~r~ h~•reti~- rxpressly w.~ired, in whirh r~~ent \fort~aqec may a~ail its~•If nf all richts
.~nd r~•~iwdie~c. ;~t L~w nr in cquity~. .~n~l this nmrtqa,qe may bc (or~clos~d with all richts and mmcdics aff~rdt~cl h~ thc laws of
F7uricl:i and ~lortc.i>e~r ~heU pac i11 ro;ts. charees and expenses thereaf. inciudinG a rea~nable att~rnry's f~r;
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