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• TO HAVE-AND TO HOLD the sama, each~and every, together xi.th
; the attac2uaenta, and appurtenances, uAto the said I~ortgagee Porever. ~
AND said Nortgagor covenants xith said M~rtgagee that said
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~ Mortgagor xholly and solely o~ns said Equipment, absolutely; that
. ~ the said Mortgagor has f1x11 poxer and lawful ri.gtit to sell and •
~ ~ convey~the same, all and singular, as af`oresaid; tha.t said Equip-
' • ment is Pree and clear of a~y and all adverse claime, liens and
encumbrances; and that said Mortgagor hereby f~lly xarrants the
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title and ownership of
said Equip~nent, and r~i.ll defend the seme
~ ~ ~ againat the claims oP all persons whamsoever. - '
' ~ PROVIDED ALWAYS, that if said Mortgagor shall pay unto the
~ :..said Mortgagee the sums stipulated in the Term Loan A~ceement be-
: = tween the parties hereto dated July 31,_1963, and those two certain f
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~ promissory notes dated July 31, 1963, and June 29, 1964, fram
~ ~ Mortgagor to Mortgagee in the reapective original smounts of ~
$2,~60,000.40 and $~O,OQ0.00, and all other future advances, if '
ar~y, as "the Mortgagee may hereafter during the~ continuance of
; , these presents advance to the Mortgagor on the security hereof •
~ ~ within twenty (20) years Yrom the date hereof, provided that the
total unpaid balance eo secured at~any one time sha11 not exceed •
$2,500,000.00, p1u8 intere8t thereon, and at~y diabursements made
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~ for the payment of taxes, leviea, or insurance on the property
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: covered by the lien, with interest on sueh disbursements,:~and ~
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~ shall perPorm, comply ~ri.th and abide by each and,~ every the _
~ ~ stipulations, agreeme.nts, conditions and covenants oP the aYore- ~
$aid pramissory notes and of this mortgage, then thia mortgage
~ and the estate hereby created shall cease, determine and be
~ ~ null and void. ~
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~ FCTATI~:R WARRANTIL3 AND COVENANT3 0~' THE M41~I'(~AGOR •
~ ~ Ths ldortgagor hsreby ~rr'uc~ts anQ covenanta : ~ ~
1. To pay all and sir~gular the principal and intereat ~
. and• other sums of money payable by virtue of the above referenced '
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