HomeMy WebLinkAbout0015 includias, so f~r ai they ~ow an or may hcreaiter Mlons to. b~ placed on or be wed with said estat~ os Dulldint the~eon.
and. ~rhetMr ~ttaehed or detsched. ull el~~ators. sas. ~team. electrie or otber heatins. lis~tin~, lumbie~. ~enti}~?tir?s. reiris:
ri
eratins. ~prinklias~ ir~riy~atirt~, ~ur aad po~rer syateon~, a~ pplisrtees, fi:tusea and sppacatw; ~~torm andisateea windown
aad doon. ~as~ ~wa~ass. window shada. a~?d all othes iiztures ot ~req kind and clu?n?etes w!u?tiw~er; alao all suildin~s~
structnra or ia~pro~ements that msy in tho futun be ereeted. plsced or eonstructed on th~ land heceiaabov~ deksibed.
TOGBTABit with all and sinsulae the buUdin~s. improremen4. way~, euements. streets. ~?Ue~i. pasaates~ waten, water
coune~. rip~rla~ si~hts. ri~hb. privile~es. tenemen4, hercditamenta. ~nd appurtenancei tAenunto belon~n~ or in anywise
appertainin~. and tde revenions and remainders; ~?nd also all the rents~ issues and p~ofits tAereoi, and all the crops ~nd/or
produee ot ev~ry k~nd no~r ~ro~rins or tlut may ba l~ercufter erowin~, grown or produced upon said ti?ad. or anp part thereot.
~ncludin~ all i~rtil~er on the aforesuid premises.
TO AAYS AND TO HOLD tbe above ~nnted property. with the appurtenances, unto the said Moctea~ee
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lt'S SIlCOeSSOY'5.----. -
. . . . . - _ - and assigns forever.
And Mort~agor doea covenant with Mort~t~ee that ~e is lawfully sei:ed oi said property absolutely and in fee simple,
and haa good ti6ht to aell, convey. tnnsfer and assign the ~ame to Mortg~gee; that said property is f~ee and discharged
from all liens. encumbnncea, claims or demands of every kind ~vhatscever, includine taxes •nd asseasments,
and that he will and his heirs, legal representatives and successon, shall wanant snd defend the title to the same to Ddortg:gee
againat the tawful claiins and demands of all persons whomsozve~.
PROVIDED. AL\VAYS. And these preaents are upon the express condition, that if Mortgagor st all pay unto Dlortgagee
the aaid sums of money as set out in the promissory note aforesaid, or any extensiona or renewals thereof. sud interest thereon.
at the time and in the manner themin mentioned, whether in due cou~e or under sny covenant or stipulation hereinafter eon-
tained; and ah~ll also pay any other indebtednesa or li~bility s~cured hereby, and shall also well and truly keep. pertorm and
comply with all the covenants and stiputstions he~ein contain ~d, then the estate hereby granted. transferred, assigned and
conveyed shsll cease a~d determine, otherwise these presents shaU be and rnmain in full force aad effect.
It is hereby covenanted thst the terms "Mortgagot" and "biortgagee" herein employed shall be construed to include the
plunl as well as the singular nun~ber, and the feminine and!or neuter as rrell as the masculine gender, whenever and wherever
the context so admits or requires, and ihat said terms shal! also be construed to include the words "heirs, legal representa-
tives, successors and!or assigns" of the reapective parties heteto, whenever and wherever the context so admits or requires;
and that all covenants and stipulations herein shall bind the heirs, legal rnpresentatives, successors and assigns of Mort-
gagor and shall inure to the benefit of and be available to the heirs, legal representatives, successo~s and/or assigns of
~ortgagee. It is further agreed that sny word or term herein used in the singular number and!or masculine gender shatl
also apply to and include the ptural number and feminine snd/or neuter genders, it the context so admits or requires.
It ia further agreed that granting any extension or extensions ot the time of payment of said note or notea, either to the
maker or to e~ny other pezson, or taking other or additional security for payment thereof. or waiver of or failure to exercise an~
right to mature the whole debt under any rnvenant or atipulation herein containe.i, or extending the time of payment of any
other indebtedness or liability secured hereby, shall not in anywise sf[ect this mortgage or the rights of Mortgagee here
under, or operate as a release from any liability upon said note or other indebtedness or liability, under any covenant or
stipulation herein contained.
Mortgagor dces hereby e:pressly covenant~ promtae and agree to and with blortgagee as follows:
1. To pay the above mentioned debt and interest thereon as evidenced by said note or notes or any extenaions or re-
newsls thereof. when and as the same shall become due, whether in due course or under aoy covenant or stipulation herein
contained.
2. To pay any and all indebtednc3s now existing or hereafter arising or e:isting and all liability which may be now exist-
iag from Mortgagor to Mortgsgee, whether ss maker. endorser, gua~antor, surety or otherwiae, however evidenca., together
with all interest due thereon, and all tiability vrhich may become due. owi~g, contracted or incuned in the future bq tl~e said
Mortgagor to the said Mortgagee, whether as maker. endorser. guarantor, sureEy or otherwise, however ev:~enced. togetner
aith all intereat due thereon and the costs of collection of this mortgage, and that this mottgage shall secure all such smounta,
indebtedness and liability to the extent oi =.3~OOD~~O~.OQ in addition to all other amounts due or to become due here-
under, as herein apecified.
3. Until aaid debt and all other sums hereby secured sm fully paid, to keep the buildings snd- improvemeni4 on said
~ premises conatantly insured against f:re in the sum of at least ~C ~llla. _1Y1S13~dtJ~~. ~d~ ag~inst windatorm or t~rnado
~ in the sum of at least full 1riSllydk?~@ Vdlj~ompanips satisfactory to Hdortgagee, and all policies of insurance of
! whatscever nature taken out on the same constsntly assigned and pledged to and deposited with Jdortgagee as additional
f security, with subrogation claase satisfactory to 1?iortgagee attached to such policies; and fuli power is hereby confetred on
; btortgagee to settle or compromise claims under all policies, and to demand, receive snd receipt for all moneys Gecoming
E papable thereunder, and to asaign all policies to any endorsee or assignee of said note, or other indebtedness or liability. ~r to
~ the purchaser of the premises at any foreclosure or execution sale; and in case of loss, any insurance money paid shall be
applied either on t6e indebtedness or liability hereby secured, or in rebuilding or restoring the damaged buildings, improve-
€ ments or other property, as Mortgagee may elect.
~ 9. To pay ail insurance premiums and all taxes, assessments, charges and impositions of every kind, governmentai or
' otherwise, which have been or may hereafter be le~ied or asse~sed upon said property or any part thereof, and/or upon the
; interest of Mortgagee therein, and/or upon this mortgage or the indebtedness or liability hereby secured (provided that
3 in no event shall the amount paid on account of taxes or assessments levied or assessed on this mortgsge and the moneys
~ 3ecured hereby, together with the interest paid on the indebtedness or liability secured hereby exceed the maximum interest
a race allowed by law), and to exhibit to \tortgagee receipts showing payment thereof within twenty days after such taxes,
- assessments, charges or impositions become due and puyable; and further not to suffer or permit any such taxes or assess-
~ ments to become or remain delinquent or said property or any part thereof or any interest thernon to be sold for nonpay-
; ment of taxes or assessments.
~ 5. Upon failure to maintain insurance, or to pay insurance preniiums, or to furnish reneKals uf insurance policies as
~ herein agreed, or to pay taxes, charges, i~npositions or assessments, or furni~h certificates or receipts as hereinbefore pro-
- vided, '~Iortgagee shall have che option to procure such insurance, pay in~urance premiums, pay such taxes, charges, im-
~ positions or assessments, redeem the property from any tax or other sale, and procure such cer[ificates and receipts, together
with any perialty that may have accrued thereon, and with any expense attending the same, including the reasonable charge
s for sercices of counsel, or of any person emploled to aid in the discharge of the same, or in the matter of the adjustment
thereof, or for advice in respect thereto, and any amounts so paid, including search fees and report from abstract comparty,
liortgagor Shall within ten days pay to ~fortgagee, together with interest thereon at the rate of 8 per cent per annum from
date ~ame was paid; and for pa~inent thereoi this ~nortgage shall stand as security in likr manner and effect as for payment
- ot said deut. In case Mortgagee elects to advance any moneys for the nurposes afore•~aid, the receipt of an official or agent
of the in~•~rance company in ~vi~ich said insurance is placed, shall, as to the i~tisurance premium, be conclusive evidence of
the amuun? and the fact uf payn:ent therrof, and the receipt of the proper official ~hall be, as to taxes and assessments, con-
- clusive r~iJence of the amount and valedity and the fact of payment thereof.
'k To pay to iiortgagee ~vithin trn days all s~ms, including costs, expenses and reasonaLle agents' and attorneys' fees,
which i: may expend or becume ohligate~l for in any proceedings, legal or otherMise, to establish or sustain the lien hereof,
't or its priority, or in Jefending against lirns, claims, rights, eatates, easements or restrictions of any person or persons assert-
~ ing priority thereto, or in payment, settlement, discharge or release of any asserted claim, right, estate, easement or restric-
tion, on counsel advising :4iortgaKee that ~ame is superior to the lien hereof: or for an ab~tract or an extension of abstract
of title to said premises; togethrr with intere3t on all such sums so paid at the rate of 8 per cent per annum from date
same were paid. Mortgagor also agree~ to pay all costs, charges and expenses, including reasonable attorneys' fees and
commissions paid or incurred by Jtortgagee in connection with any suit tu enfone or to foreclose this mortgage, in the event
this mortgage and the notes or other indebtedness or amounts hereby secured, be placed in the hands of an attorney for
collrct~on. F'or the payment of all of said amounts this mortgage .hall stand as security in like manner and eftect as for
payment of said debt.
~ 7. Neither failure of Nortgagee to exercise any option to declare muturity of the principal debt or any other indebt- ~
edness or liabi{ity hereby secured under any of the covenants or stipalations herein contained, nor proeurement of insur-
ance or payment oi taxes, charges, impositio~tis or assessmenti, ay hereinabove provided, shall be taken or deemed a waiver I
~ of the right to exercise such option or declare such maturity as to such past or any subsequent violation of any such cove-
nants or stipulations.
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