HomeMy WebLinkAbout1417 ~i~Jt
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pgns, ie f~t atmgis ton~ i a~d 6r~t P~Y ~'Y ~i~~.
suooa~rs ~ttd qarr~tt and ~o~+ex defs~d sai~! pe~ppa~ty nn~o seco~d pa!ty, ib q~oes~'; and au~ps,
fr+nat ~uud ag.?enst firat , tb~ he~s, ~qcocuwcs, admiqi~r~ra, st~ssors and assigns of 5rst party and all othe~r
p~xaoos .vhomsoe~a Ia~y cbur~ing or to casim t~e s~e a apy patt ;haeof.
PAOVID$D AI.VI?AY3, NEV~~tTHBLESS, ~nd it is dw trn~e int~ and sna~nin~ af tbs partKs to d~ '
pe~seeh, d~at if srat parq stpU pa~. or awe to be p~id, ur~ s~oond party, its auocasors or as~igea, said debt or
a~m af monsy, with ~ theteo~ as afore~id, aad ahalt paform ali ~erms, ~onditions, and ca~naats aoooz+ding
to the trne inteat of said no~s st~d ttris martgq~e and aap otha i~nm~t sewriag said nobe, a~d all the
p~+aniapoa~a of the Federal Farm I.oaa Act and all ~ma~eadments there~o, and .with the regulatjooa
'i~sau~d and thit
may be issnal by the Fartr? Credit Admini~tcatio~, a11 ctf whicb at~e hercby a~ade a part hen~f, tha? ttw martgige
s~11 «ase, detamiae, and be uttecl~r null and Qoid: qt6erwise it st~a11 tea~tin ia fall force aad effocL
FOR THE CONSIDERATIOI~T ~FORESAID, first party ooveaaats as follownt -
1. First party ia hwfnlly aei~ed of said ~mperty in fee sunpla and has a perEect right to o~nvey sdnne; then
Ars po r,ncnmb~ces ps 1ie~s what~oever oa s~d P~P~~Y ~~~rtBaSG
~ F'~t p~rty wltl ~uun apo lceep insnred as roay ba reqmred bp ~oond party from tim~ee to time sll gmves
and orchards no~+ oa :aid propat~ oc that meUr hereafter be thereon agvinat lo~a or d~aae bY fire, ~riad~on~
1sai1, frost, freeie, and/or other ~tty, and all bu~7diags aow on said property, and aU buildings which m~y hera
aftu be erected ihereon, against I~s or damage by fin, hail, windstona, and/or other rasualty, m such torm, such
amounts, and in such oompany or oompames, aa ahall be sati~actory to ~eoond party, th~ loss, if any, to be payable
to seoond pariy as its interest may appear at the time of the loss. First party will ddiver ta ~eca~ud perty the policy
ar policies of insurance with ~nortgag~x clause attuhed thueto aatisfactory to seca~d party, and will PT~~Y PaY
when due all premiums for sudi insurana. If anq grove o* orchard shall be deatroyed or damaged by 5n, wind-
storm, hai'1, frost, freae, and/or other casualtq, the amotmt recaved in settlaneat of the loss or dacnage may be
applied at the option of seoond party on su~ch part of the indebtedness secured bq this instrumait as second party
may in ita sole discretion determine. If ~iay bnild'ug on said property so insured shall be destroyed or damaged, the
arnount raYived in adtlement ~of the loss or dutrage may be appiied at the option of firat party to. the ra~onstruction
or rcpair of ths buildin~s so datroyed or danraged, sabject to the regulations issued or thzt may be issucd under
the Federal Fazm T.oaa Ad or acts ameadatory d~reof or snpplemental therdo ; and anq portion of the proceeds
not so used shatl be applied on the debt hereby secured iQ such manner as seo~nd party, in its sale discrttion, may
deterrrrine.
3. First party wiU pay, whrn dne ared payable. aU taxes, assessmrnts and otha charges that may be levied or
as.sessed against sa~d pmperty, and atl judgmaits and aU other amounb that anay be or beoane a lien thereon.
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