HomeMy WebLinkAbout1215 . . . . . . }
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~ ~ Second Mortgage • Psge 1ko ~ _ . '
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This Second kortgage covera !he personsl property described ~
; io !he Inventory of Paraiture and Bquipment, Mhich Inventory ia ~
attsched hereto and incorporated hereio by refereace, and ali of
the covensats and conditiooa of this Mortgage.apply to Baid per- ~
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~ aonal property 3uat the ssme aa to the above described real ~
Property. ~ . ~
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~ The asid l~ortgagor doea covenant ~?ith the aaid Mortgagee
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~ that the said Mortgagor ia indefeasibly aeized of aaid lsnd io
, ~ fee simple aod hsa the full poMer aud lar~ful right to~nortgage
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~ aod incumber the aame, that the ssid land ia free from sll io- - `
; cumbrancea except as above ~oted, and that the aaid Mortgagor
~ ~ except as above noted does fuily Marrant the titie to aaia iana
, and Nill ~rarrant and~ defend the same agaioat the is~rfui ciaima
of ali persoos rrhomsoever. . `
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~ ~ Aad the said ~lortgagor does further agree aa follo~ra: ~
1. To mate promptly all paymenta required by the ~bove
. deacribed note and thia mortgage ss auch paymenta become due.-
2. To pay promptly Mheo due ail t~uces, ssseaaments, iieoa,
and incuobrancea on said property.
3. To keep the buiidings noM or hereafler on said lanld ~
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inaured agains! damage by fire, lightning, ~r3ndatorm or other
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_casualty io a sum not less=thao.the aum aecured bq thia mortgage,
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- in a compaoy or companies satisfactory to the Mortgagee, said .
policy to be held by and payable to-the Mortgagee to the extent
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of the indebtednesa remaioing at the ti~e of the loas. If aoy ~
~ aum becomes payable under such insuraoce policq, the~Mortgagee
~ mey either apply it to the indebtedneaa secured by thia ~ortgage,
or~per~it tbe Mortgagor to use i# for other purposea, ~?ithout
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impairing the lien of this nortgage.
' 4. To permit, commit or auffer no r~raste, impairmeat or
deteriorstioa of the mortgaged property. ~ ,
~ • S. To pay sil expeosea reasoaabiy incurred by the blortgagee-
z becauae~of failure of the Mortgagor to compiy Mith the agreementa
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in the aote or this ~ortgage, inciuding resaonable attosuey•a fees.
; 6. If any paynenta provided for in the aote or this mort-
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` a~~~.~ gage sre not proaptly paid by !he Mortgagor, if the buiidings
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