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THE COVFNANTS. CON[)ITIONS AND PROVISIONS REFEHRED TO ON PAGE 1~THE HEVERSE StDE AF THIS MORTGAGE~: ~
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Tha Mongegor turther co~enents: ' • ~ ~
1. To p~y the indebisd~e~a,~~~i~/Ih~ftab(i~provided.
. 2. To continuously m~i~t~in he:ard in~urance, of ~uch type or type' and amount~ a• hlurtpapee may Irom time to time requi~e. on tho improva• ,
ments now or hereafte~ oh the Property and he will pay prompt'ry when due eny pr~miuma therefor. All i~~urence shall be cerried in compenies a~proved
b; Monyepee s~d ths policiei and ?enswal~ th~~~ol ah~ll De held by Mort~~pee and have ~tt~chdd thereto loi: psy~bt~ or martgepe cleuae~ in (avor of
~nU i~ (orm eccsptabls to Iha Mortgepes. In evsnt o( losf he wil! givs immediet~ notics by rn~il to Mortyapee, snd Mortpaqee m~y m~ke proof of loat it _
riot m~de p~omptly by Mortqsgor. and e~ch inwr~nce compeny concsrned is he~eby authorited ~nd direct~d to m~ka paym~nt for such lo:e dirsctly to
Mo~tfl~gas instead of to Mortpe9or end Mortq~gee jointly, and the in~urence procsed~, or ~ny p~rt thereof, msy be ~pplied by Mortg~~ee at ita option ~
eithar to the reduction ot the ind~bt~dnste h~r~by •~cur~d c+~ to the ~ettoration or rep~lr of the Propcrty dsm~pad In event Af foreclo~ure ot this
monfl~Qe, or othor transter of title to th~ Property in extin~~i~hment ol the indsbt~dne:~ aecu~ed heraby, all right, title, and inte~e~t of the Mo~tgegor in
and to eny insurance polici~s then in torc~ st~ali pat• to the purch~s~r or q~~nt~o. ~j
3. To pey ell taxe~, sase~~me~u, weter ?ate~, and other govemment~l or munlcip~l ch~rp~R fine~, or impoiitione, tor which provi~ion hsa not
been •n~de hereinbofore, and in dei~ult thereof the Mon9~pee may pey the aame; and that MortQepor will prompt~y deliver the oNiciel receipta there(or j
to the Mortfl~pee. It thia is a ~irst mortqaps, Mortp~por ~arees to pey Mortp~fle• suNicient fundi at auch times as Mortflenee desipnatea. to pay the ~
estimeted annual reel estete t~xes snd asses~msntt on the Property ~nd ell property insurance premiuma (herein~her "Eacrow'?. but, if not desipnated 1
to bs paid to Escrow, to pey betors they becoms delinquent all texas, es~sttment• end othet cherqe~ which m~y be levied o~ assessed against the €
Pr~perty, and to pay ths property inturance pramiums when due. Upon Mort~~por~ isilun to ps~(orm eny duty herein, Morty~floe may, at itt option end '
~ without notice. per9ortn •uch duty, includinq without limit~tion payin~ ~ny ~mount ~nd the co~t of :uch pbrform~nce ~hall be due on demand and " ~
~ecured by this mort9~y~e, be~rinp intentt trom date incuned ::nti! dece p~id at the hiyher of ths annuil percent~pe rate di~ctossd on tha note o( even
dats hsrewith or the hipi~e~t ret• ~Ilowsd by I~w. No intere~t will be paid on funds held in Eea~ow and they may be comminglsd with Mortaeee's ~
t gsneral tund~, unlesa otherwia ~equirsd by I~w. .
~ 4. To psrmit, commit or sufter no wette, impeirment ar deteriorotion oi the Property or eny part thereoi, except ~easonabte we~r snd tear, and in ~
~ the event of ths (~ilure oi the Mongagor to keep the buildinps on aeid premises and tho~e to be erected on said pr~mi~e~, Qr imp~ovementt thereon, in y
qood ropair, the MortQagee may mak~ auch repsin as in its discrstion it msy deem n~cesa~ry for tha proper prstenation thereof, and the full smount oi ?
~ each and every ~uch ~?ayment shill be due end payable thirty (30) deya after dsm~nd, •nd ihafl bs secursd by ths lien ot this mortyane.
~ 5. To pay ~II and iinpular the costs, chuflea, and expensea, includinp ~e~soneble lawyer s fee~, and costs of ~bstracta ot titie, incurred or peid at .
~ any time by the Mortgepae beceuse oi the i~iluro on the parl o( ths Mortyapor promptly and iully to pe~torm the agreemant~ and covenanta oi any ;
promissory note aecured by thie mortgaga and this ~nonyape, and said coeta, cherpe~, and expense: shtii be immedi~teiy due and payable and shall be ~
sscurod by the lien of this mort9e9e. ~ . . ~
6. Ii the Property, or any part thereoi, be condeinned under the power of eminent domain, or acquirsd (ar a pub~ic use, the d~meges awarded, the ~
proceeds for the takinp oi, or the conaideration tor such acquiaition. to the sxtent of tha (ull amount oti ~he remaininfl unpaid indebtedness secured by
ihi: mortgepe, ars hereby asaiQned to the Mortpagse, and ~it heira or aasiyns, ~nd :hall be paid tonhwE~h to said Mortgagee or hi: a::iqnee to be ~
~pplied on account oi the Ieat maturing instsllments of ~uch indebtedness: providsd, however, the Mortgspe~~ or his ssaiynee, may at hia discretion pay t
E direct to the Marty~qor, hi~ I~ein or essiqns any part or all of euch ~werd. - ~ ~
~ 7. Ths Mortyspee m~y, et eny time pendin~ a•uit upon thit morty~ps, spply to the court havinQ juris~liction thereof tor the ap~q+ntment of a ;
receiver, snd such court •hall forthwith~sppoint • rsc~iver of the Property, includinp all and sinpu!er the income, profits, isauea. •nd rsvenues from
wfi~tsver soures d~rivsd, e~ch'and every oi which, it bsinp expns~ly understood, i• her~by mortpog~d i: it r'~cificNly set forth and deacribod in the !
yrantinp and habendum clautes hereot. Such appointment ~hall be m~de by ~uch court as ~n adm~iied tquity and • m~tter of ~b~otute riflht to said #
Mortyifles, and without rsference to the adsquacy or inadequacy oi the value ot the Prop~rty or to the solvency or insolvency oi slid Mortga~or o~ the
defend~nts. Such renta, pro(its, income. i~suss, and rsvenues shall be applied by such nceiver accordinp to the lien ot this mortqs9e and the practica ~
of auch court. In the event o( any default on the p~n ot the Mortg~yor harsundar, th6 ~ortp~por ag7ess to pey to the Mortgag~e on dempnd as a ~
reasonable monthly rentat for the Property an amount at le~st equivalent to one•twelhh lt/12) of the sggrapate of the twelve monthly instaflments ~
aay~bls in tt~s then cunent yeir plus ths actual •mount oi the annual taxet, ass~~am°ntt, water rates, and insurance prerniums•for such yosr not ~
coversd by ths ~forssaid monthty p~ymenta. '
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8. In ihe ev3nt of ~ny brsach oi this m~rtyrpe or del~utt on the part of the Mort~~qor, or in the svsnt thet any of aaid sums of money herein ~
: rofs~nd to bs not promptly •nd lully paid accordinp to ths tenor hareof,_or in the ~vent that each and every one of the stipulations, ~yreements,
conditi~ns, and coven~nts of ~ny nott sstur~d by this moRQapu and this mortpige, ~rs not duly, promptly, and fully parfom?ect thsn in either or any
- tush ev~nL the t~id ~flprsQite sum mention~d in such note th0n rameining unp~id with inte?ett accrued to thst tims, and sll moneys secured hereby.
~h~ll become dus ~nd pay~bls icrthwith, or thersahsr, at the option oi s~id Mortpa9ee, a~ fully ~nd completely ss il all of the said suma ot money ware
originaily ttipul~t~d to be paid on ~ec~ day, anythinQ in such note or in this mortyape to ths contrary notwithsunding; and thereupon or thereafter, at
ths option of uid Mortp~y~s, w:fhout notice or dem~nd. •uit at law or in eqwty, m~y be ~roaecutsd ~s ii all moneys secured h~rsby ar.d m~tured prior
to i!t iMtitution. Th~ Mortn~a~~ m~v fetr~clna~ ~h:_ ~`a :,,.~u:~i av ~~ci~no du~ ana pay~bN, •nd the said Froperty sh~ll be sold to
~ ~~t~tfy ~nd pay ths wm~ to~~tfi~r with costs, •xp~ns~s. and •Ilow~nc6=. In c~s• af p~rti~l foreclo~ure o( tAia mortyaye. the Property :hsll be sold }
tubj~ct to th~ continuiny li~n o~ this moRy~y~ lor the ~mou~t o1 the debt not thsn due ~nd unpald. In such cass the provision~ of thi~ par~graph msy
a9~in b~ w~d~d ot th~re~hsr from tim• to tim~ by th• Monpapo~. . .
8. No w~iwr o~ ~ny tor~nant hsnin or ai ttii ablip~tion secund h~rsby shall at ~ny tims thtreaher be hsld to be s waiv~r of the terms ~ereof or .
ol th• not• s~cund h~riby. .
10. Th~ li~n of thi• instrum~nt ehall nmain ~n full torc• and ~H~ct duriny ~ny po~tpon~ment or sxten~ion oi the time of payment ot th6 ?
~n~bi~dras` or ~ny p~R th~t~oi Ncur~d henlry.
1 1. I! ths Monpa~or dt(~ult in ~Ry ot tM cov~nants or pre~m~nts contain~d h~nin, or in ~ny nots, eecursd by this mortflage, then the Mort{~s~9e
m~y piAam tfi~ sam~. ~nd ~II ~xp~nd~tur~t (intludenp r~~~onabl~ attom~y's (~~t~) mad~ by th~ Mortp~yee in so doinQ shsll draw intereat at the hiphar
o! th• r~t~s proviA~d Ror in th• pnncipal md~bt~dn~~• or ~n• hi9h~~t nt• ~IIQw~d by l~w. •nd shall be npay~bls thirty (30) diya ahsr damand, and.
toy~tht~ w:M int~r~st ~nd totts ~ccru~d th~r~on, ih~11 b~ •~cur~d by ~hi• mortp.y~. ~ - ~
1~. TM rn~dinp o~ ~ wrill~n notiw or d~m~nd ~ddr~~~~d to th~ own~r ot ncord of th~ Pro{»fty, or d~nctsd to the se~d ownsr at ths Isst addross
~ciuN~y wrn~~h~a io iM Monp~q~~. or ~t nQn~, dir~tt~d to said ownst ~t th~ Propsrty, ~nd mail~d by ths United St~t~t mails, posta~e prepaid, ah~ll be '
wff~u~m ~qutf ~nd d~T~nA 1n •ny C~N •nsin0 und~r Mi~ in~trum~nt ~nd nquir~d by th~ provisions henoi ot by law. _
17 A~~rpnm~n~ 0/ Pl~nte. To furth~~ s~cur~ th~ IRd~bt~Qn~as, Mort~a~tir do~~ h~roby s~ll, ~uw~ and ti~ntf~r ~nto tM Mortpiqee sll the rants,
_~sw.~ •~e aa~~~~ r?o~ aus ine! wf+~th m~y h~rt~ft~t b~een?~ dw un~t w b~ yirtus of •ny I~~s~, whether wntt~n or or~l, or ~ny letting oi, or of sny
sa~m~nt far M~ us~ o~ otcupa~ty of th~ Pro~rt~ a~ny p~rt :h~reoi. wh~ch m~y A~w b~~n htrstdon or m~y b~ h~r~~her made or aareed co, it bein~
" ths :ntsr~uon t~rtLy ~o ~tatl~~h Rb~ntv~~ to~nNsr end aq?qnm~nt of ~I~ 01 ~uth I~~tis ~nd ayr~am~nta unto Mort~p~e, and Mort~aQor does heroby
pppp~nl ~n~vc~~t,ly Mor.p~pt~ ~to uw ~nd I~wfu1 itia~ly (rwth or witfiout takin4 pos~srs~on ot th~ P~op~rty) to rsnt lease or Ist ~tl or ar~y portion of -
I= :M lbo~nr to a?~r pe.t~r a~ ~uc?? n?+~~1 ~nQ upan ~uch t~nn~ ~s Mort~p~e shall, in ~t0 dIK~~GOfI ~~1Yfm~!1~, •nd t~ coil~ct sll at said rent4. ~ssuea and
p~ul:~s ~nunQ Irom o~ scc: ~q •t ~nr ~imt h~r~~fs~r, arrd ~tt ~ow dw of ch~c m~r h~r~ahe~ b~coms due, to th~ •xttnt atlow~d by I~w.
Manp~~~or r~pr*Nnt~ ~n~ ~q+~` th~1 no ient Aas bt~n dr vailF b~ p~iG by ~n~ pr~~ ir~ poONasion of ony portion of tha Property for rrore than one ~
, ~r~;+~~~en*nt ~n a0r~r•c• ~nQ th~~ th~ p~ym~nt o1 non* ol tn~ rs~b !o ~ctrtt~ (or ~ny poAion ot th• s~~d Propfrty hss b~en or w~li be wawed. roleased i
+~4~cse O~KUUn1oA o~n:ryv,s• d~~cM~p~Q or con?pranH~d Dy tht Mortqwor. 7WatpaQor w~~ws ~ny n~ht of set oH spainst any person
- ~r~e~~,~n u1 s~,~ p"~i~ Gf th« Fr~prny Mn.tqNyv~ ayre~~ no1 ~~_h;Ah~~ ~a~~Qn ~ny o1 tF?s rantt or profit• ot the Property.
iy=~±?.~r.y r,~r~a. r,~~,f.~d ~~+a~~ t,~ con~t~u~4 ~s tqn~Utulir.y ~h• MonQup.• • mortpiQ~e ~n ~otcess~on ~n the absence of the tsk~ng of actut!
~r.?NN~~r+ us 4n~ P~e,p.~~ty by ~r:~ lrtu+tyafl~~ In sht ~s~rc~f~ M eh~ powsr~ h~?~m a~s~t~d MonQapa~, no h~b~l~ty ahatl be asserted or enforced ageinst
Mr_•nye~s• ?.Yr. ~~~t~!~ry 4e~~q ~.pr~~s~y ~rs~rs4 •nd ~~l~as~4 by fllonp~Qor .
1#s~:qf~.~ 1„+u:s~ ~Ore~~ es~~yfi ~n4 t?~n~f~r to Mr,ny~?p~~ Dr ~~p~r~t~ wrqt~n ~n~t~im~nt a11 luture le~s~• upon sll or sny pan ot ~he Property
sr:~f e:,~ e,a~,,s~ i+,$ ij~>rr~~ ~t 7f;~ f~q„a~~ ~,f ~n• QAortQ~Q~a. ~U ~,fth 1~rth~r ~~~,-r~nu~ ~nd ~t~~y~msntt as Mong~pee sh~!I from t~me to t~me req~ue.
l.t~ ~~isE~ ~Mec t•~i~ ~t:q Y~~~ttr Eh~N IN Eybtn~ry~4 G1 MOA~~or ID MOAq~qfE (O~ ~ti ~pplOV~~ pn0~ t0 tA• •Rttutwn Ih~teoi 4tl spprovesf snd .
{ E~r=, y+s~t ~ta~ N~tf~ L• ~pct+~~t,~~+r tsarp..~Q st; M~~tpiq~~ tr~r ~~it~vmsr~t ~n fo~m sat~p/Ettcry to Mart~p~~.
As:{~~~..:~~ ~c u~ ~rdsne~yR r,l ths ~:eK~~ ~fi~l th~1 i~~~~!!H ~hl~I p~ ~ pt`Nfi6 DK~1mMi ~t ~xpr~~oty und~r~~ood and i9re*a ch~t Mort9sfl~e -
~f a'-+ +=si~ ss~:~~M c~ ths rwt.t~ w pv+wr~ c<.~d~~~i4 vM+f 1M n+p~:vs~ ~h~fl pp En ~11uit ~
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?s a ~~~rt e~ «ts /'~~ytn~ s~N1e! s~aqs~ r,~ ~pu~~D+• ~~~*~s~t ~Mn~n a tatd ~r b~nti~n~d by Martyipor w~thout Monga9ae s pr~or '
*~"r'~r• ~-*¢.~sr~ ~u.~;,~•~9 e,~n~s~ t,r A~v~eo u+ .~sc~+f~ ~ f~r ot~s~~~w^ W~~~ upon tM d~Mth at • ~o~n1 tsnsnt or 1 par~n~r or by th~ flrsnt oi s
byrt.w~~ ur,rt~si v~,rn u+ ri~c~~rt~ c,~ a.ri~ ylr~<< w li}i rxti4 tGMI~~~:n0 Gp1~On f0 p~d/CheN. MtN1QlQl~ may, at RAw1Qifl~e'i apt~on, declare ~
•k t,~+r:s ~s; v=s~ Ms.n~s~e ~~a>se)+iti~~ 9[:i #f+4 (+1{~!+~ 14 lf,~ y~t~r.t ~+tow~ b~ ~ew an4 tAt no1~~) htr~und~r an~ ~ny fa~lure to exerc~se sa:d
e~w+ N a~+ i*~N i frt~It~{tiN i ME+.*+ v~ a.~ ~~yfr! t~, 1R+1K+N tM H,?~• ~nr wM? ~:aN - s_,
~ ~1>t tff~f';tA/ 1~1«af aW=4~,r.l4 bf•I!~ 4~~•t! l~++1 lt.s ~~ft~t/ •~~lnt~(fti ~?+lt: +t~yt~ 10_ th• ?~~ptrNW1 hfl~f. OefCUl9?t. ?dm~ ,stratar~. i
M~ti #i?tN3 i+t~ N~#~ t!'~ ~st!It t-~1E19 ~h/I f~sliQ~ uN~ ff.~ 3~njJ=~~ ~~•rr~~4~ ~t:i~i ~r•ci+~ ~he wurii. tM p1w~1 tM s~ufa end the use of any t
~R~~~ 6f 1i* ~~#tr~ ~U ~'g~p sr.~ 1f:! t*lif~ I~R4ri~~~~ ~~,~st ~rKka4• !f3/ 4~Rt GI ~aQ*pt~dn~bf hlt~by MW?t+j or ~nr b~n~Mr~e thtttot
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