HomeMy WebLinkAbout0941 ...~..~.,+a • ~ ~ J t /~•N v. ' c ti. r .
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2. WHER~A3, the ~aid First Party hae agreed to~pay aaid ~
One Huadred Thousand (sL00. 000. 00) Do!!ar mortgage accord~g !o the ~
~ terms thereat and has agraed to hold the Second Party harrnless frorr~
the payment of the same and liea thereof; and
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. 3. To secure the performance of euch above agreement First
Party has executed this moztgage; _ ~
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NOW THEREFORE. if the Firat Party or its legal repreaeat- 1
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atives or assigns ehall wel! and Lruly comply with tbe ter~pne of the above ~
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~ agreemeat aad shal! we!! aad faithfully perform each and every coveaant ~
and agreemeat of the aforementioned mortgage on the said ~~Lennard • ~
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a
Tract" aad ehall, cause eaid mortgage oa the eaid "Leaaard Tract" to be
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discharged and releaaed of record, then tbie mortgage shal! cease ar~ci be ' ~
vaid aad the property hereinbefore conveyed ehall be released at the cost
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. oi First Party. But if there be default in the performance of aay and all
of the agreeme ts her ein set forth or ahould First Party default ia aay . ~
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of the coveaaat'a and conditions contained ia the aforementioned mortgage
on the "Lennard Tract" or should euit be brought to toreclose the aforo- ~
mentioned mortgage on the "I.ennard Tract" thea thia mortgage ehall ~
remain in force, and Secoad Party, or holder of this mortgage rmay
immediately cause this mortgage to be foreclosed ia the nnaaner provided
by law. ~ j
First Party epecifically waives al! rights of redemptioa in the ~
eveat of forecloeure of this tnortgage. ~ .
. IN WITNESS WHEREOF the mortgagor has caueed theae presents
to be executed ia its aarne, and its corporate seal to be hereunto affixed,
by its proper officere thereunto duly authorized. the day aad year first
~ove written. ~
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, ~ Ss~~~'•%, MISSION.GROVES. INC.
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V^' BY •
P; eXa.~ttopg - eretasy . P. agdoa - President
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~s.~~0~••..,~-,~i '{~d~,=
sealed aad delivered in the presence of: 1
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, ~~u.a~`~~,` ' JC!/'~[!.~? • ;
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