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Home My WebLink About2226 ~ : ~ ~ . ~ ~ ~ ' ~ i . , • . . . ~ . . . - : - ' ' ~ . ~ ~ ~ . ~ ' . ~ _ , ~ i' . , ~ . - . ~ , • • ~ S ~ ~ , • . . ° r~ . ~ ~ scizc~ of che real propccty~in fca simpl~ and~.fias a good:~ighc to sell~ and convey .chc same;• thac the properry and improvements ar~ Eree from al! encumbrances and that thr Mortgago~ and • ~ ~ M o r t g a~ o r' s hei~s, executors, administcators and assi Rns will fcrevcr defend thE same unto ~ ';_~MortgaRee and ics successors and assigns agai~st the cluims of all petsons whomsocve~. ~ ~ : ~ : ~ ~ This I?forcgage is made, however, subject co the following covenants, conditions and agreements: ~ ''''t , . _ . • ~ _ 1. That Mort~agor agrees to pay the pcincipal of and incerest an the indebcedness evidenced ~ by the above mentioned note, at the times and in the manner therein providcd, the monics evidenced . by said note havinR been used by Horc~agor Eor a purpose permitted by the applicable indenture hetwFen Mortgagee, E3ankers Tcust Company, and R'. R. Nesenbrink. . . ' 2. So long as any of the indebtedness secured hereby shall remain unpaid, in whale a in part~ the Mortgagor aRrees to keep the premises and the improvements thereon in good condition and . ~ ~ repair, and to pay all taxes, assessments and all ocher char~es, judgments or claims of whatrver ~ a• nature that may be imposed against or become liens upon the premises~ or the tenements, ~ t~ ~ - hetaditamcnts or appurtenances thercunto~ the rents, issues a profits therefrom or the l~uildings ~ or improvements thereon, or any part thereof~ not to p~rmit any such lien (ahtther of not equal or ~ superioc hercto) to accrue and remain therean or on any part thereof, and to comply aith all laws ~ ~ and ordinances noa or hereafcer in effect, and all rules, rzqulacions~ rcquiremencs artd oeders of ` all goveenmenta! auchorities or agencies now or heceafter affeccing said premises or the sidewalka • adjacent thereto or any buildings, structuces~ fextures~ equipment and improvements thereon or the ~ use or occupancy chereof. Mortgagor agrees to andemnify and hold Mortgagee financially harmless : from the consequences of any violation of such laws, nrdinances~ rules, regulations, cequirements or orders, and the Mortgagor further agrees that JfortgaAor will not pecmit any unlaaful occupation, . ~ business or trade to be conducted on said premises or any use to be made thereof contrary to any such law, ordinance, rule, cegulation, requirement or arder. : ' • " . • • - ; . 1lortgagor wili continuously maintain hazard insurance of such type a types as Mortgag ~ • mAy fro 'mE co cime require in amouncs equal to the full insurable value chereof on the im e- ~ ments now o ereafter on the premises, and will pay promptly when due any pcemiums refor. F ~ All insurance s be canied in companies satisfactory to the l~onga~ee and che uies and ~ . renawals thereof sha e held by !~iortgaqee (or persons authorized by I~tortga to fiold thr. same)~ ~ ~ and shall have atcarhed t eco loss payabl~ or morcgagee clauses in fav af and in form ar ~ ~ ~ r ceptable to Morc~a~ee. The p' ies shall provide against terminar-• r cancellation for any ~ - ~ _ rcason without five days' prior no ' e to Mongagee, to Bankcrs st Company, 16 Wal! Streec, ` New York 15, yew York addressed co actencion of the C orate and Pension Division and to E Phillips~ addressed in care of its Sales De cment, 8 esville, Oklahoma. In the event of loss~ ~ Mo~tgagor aill give immediate nacice by mail to agee, who may make proof of loss iE such , . ~ proof is not promptly made by MortgaAor, and i urance company conc~rned is heeeby authoriud and directed to make payment such loss ' cdy to Mortgagee instead ~f to the ~ . Mprtgagar and Mortgagee jointly, an e ir~surance proceeds, r any part the~eof, may bt applied ~ by the ~dart~agee ac 'sts option e' ec to the reduction of the inde dness heceby securcd or to the ~ y restoration ar repair oE the perty damagedi ic bein~ understood tha ortgagee shall exercise ~ ~ such option in accorda wich the wishes of Phillips. ln the event of fo losure of this ~Aortgage or other transfer o t!e to the mortgaged property in lieu of foreclosure,~ all r t, title and ~ interest of th ortgagor in and to the insatance policies then in force shal! Pass thr purcfiaser ~ 4 or grante . otaithstanding any other provision of this'~loitAaRe, it` is understood~ tfiat rtgagee shal e egate to Ahillips any right granted to ~lortgagee by this paragraph 3 wich ~espect ~ ~ uiring certain type or types of insurance to be ma'sntained, determining the companies i~ whi ~ ~ ' ~ : _ - f~ ~-D.~ty ' , t ~ . ~ ~ . B,~R~ scs ~d~:E~z~ . - s.. _ ~ _ _ - _ _