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Home My WebLink About2041 . . . . . ~ i ~ ~ ~ . ~ f • ~ ~ ; • That thie mortgage shall secure not~only the principal indebt- t ednees above recited, but ahall aleo secure all other indebtedneas or liab.ility of the MQrtgagor to the Mortgagee, direct or indirect, _ either ~ow existing or that ma~y hereafter ariee,. whether arising in the ordinaiy couree o~ buaineae or not, and whether now due or hereafter ~ to become due, however eaid indebtednees or liability may be ~ manifested, apecifically facluding all advancee made by the Mortgagee : to the M~oztgagox with3.n twenty yeare from the date~hereof, and ~ although there may~be no indebtednesa outstanding at the time any = ~ advance fa made. The total amount of indebtednees that may be ~ eecured by thie mortgage may decrease or increase from time to time, ~ but the .total unpaid balance so secured at any one time s:~all not exceed tl~e prineipal sum of Fifty Five Thousand and No/100 - ($55,000.00) ~Dollare,_: ~ltts interest:_thereon, and any diabursements made for the payment of taxes, leviea or insurance on the property cover~d by the lien hereof,~with~interest on-such disbursementa. ~ ' - ~ : That, so long se this mortgage ie in effect, Mortgagee may enter upon the premises hereinabove described at any.time for any ~purpose. ~ That Mortgagee may (but shall not be obligated eo to do) t~. advance any moneys that should have been paid by M~ortgagor herpunder - in order to protect or~care for~the mortgaged crops, or to protect the lien or aecurity hereof, and Mortgagor agrees without demand to . forthwith repay euch nwneye, which ameunte shall bear intereat from ~ the date eo advanced until paid at the highest legal rate, and shall be conaidered as so much additional indebtednese secured hereby; but no payment by Mortgagee of any euch moneye ahall be deemed a i ~ waiver of M~ortgagee's right to declare the principal aum due heie- under by reason of the default or violation of M~ortgagor in any of ° hia covenants hereunder. ~ . . , It is fur~her.covenanted and made of the essence hereof that ' ~ ' in case of defaalt foi~ five days in the performance of any of the - c o v e n a n t a herein on the p art of Mort ga gor, then it ahall be o ptional~ with Mortgagee to coneider all.unmatured indebtednese or liabili~y ~ secured hereby, and accrued inte=est thereon, se in~aediately due and payable, without demand and without notice or deelaration of said ~ • option, and Mortgagee~shall have the right forthwith to institute ~ proceedings to enforce the collection of all moneys.secured hereby . and to foreclose the lien hereof. ~ . F At the time of or after the institutioa of euit to enforce ~ ~ . ~ thie mortgage, 1~lortgagee ehall, as a matter of.8trict right and regard- E ~ lesa of the value of the mortgage eecurity~or solvency of any-party ~I. ~ . have the right to the appointment on ex parte application and without- ~ ~ notice to anyone, by any court having jurisdiction, of a receiver to ~ take charge of,r manage, preserve and pr.otect said crope and to ~ collect the profits of and income therefrom, and to apply the net i ` proceede in such manner as the court shall direct. ~ . r ~ The terms "Mortgagor" and "Plortgagee" ~for , coavenience herefn employed, and any pronouns used in connection therewith, ehall be - construed~to include the plural as well as the singular nuniher,~ G S and the maeculine, feminine and neuter gender, whenever and ~ ~ - wherever the context.eo admits or requiresf nnd all covenante and s . ~ ~ obligatione of the reapective pa=ties hereto are joint and severa3., _ ~ ~ and shall extend to and be obligatory upon their reapective heirs, ~ ~ legal representativea, succeasors and assigns. : ~ ~ , ~ ~ . - - - - - ~ 9fi FA~f240 . ~ ~ u?w on~cs~. woo«o~+c. ~mues. ou~ns. N~n~ww w e.~wa ~ ~ . . . , ~ ~ ...»......_r...~.»