HomeMy WebLinkAbout1902 mortgaqe, the provisions of clause 9 hereof notwithstaading. ~
Any sucR crop lien or crop mortqaqe shall not howev8r, be a
lien priOr to this mortqaqe on any crop cominq into existence
subsequent to said foreclosure sale. "Come into existence"
and "ccminq into existence" shall, for the purpuse of this mortgage,
~aean b2oaa in the case of crops fram perennial plauitings and
orchards, and shall mean planting in the case of csops fran ~
at~nual or more frequent plantinqs. Nothinq herein contained,
however, shall operate to subordinate the lien of this mortqaqe
as affecting trees or other perennial plants but shall sa operste ;
as to the crops harvested therefram.
TO FIAVB AND 4"O HOLD the above qranted and described premises ~
unto Mortqaqee, its successors and assigns forever. ~
Mortgagor hereby covenants that Mortgagor is indefeasibly ~
seized of the Mortgaged Premises in f~e simple; that Mortgagor '
is in actual possession thereof and has full power and lawful
right to convey the same in fee simple as aforesaid; that it
shall be lawful for Mortgagee at ali times to peaceably and
quietly enter upon, hold, occupy and enjoy all of the Mortgaged
Premises; that the Mortgaqed Premises are free from all encumbrances
except as aforesaid; that Mortgagor will make such further assurance
to prove Mortgaqor's fee simple title as may be reasonably required
and that Mortqagor will and shall fully warrant and defend the
title to the same unto Mortgagee against the lawful claims and
demands of all persons whomsoever,
~ PRQVIDED, ALWAYS, and these pzesents are upon the express
condition that if Mortqagor shall pay unto Mortgagee the swns
of money as provided in the promissory note aforesaid and any
extensions or renewals thereof and.interest thereon, at the
time and i.n the manner therein provided, whether in due course
• or under any covenants or stipulations herein contained, and
shall pay all other indebtedness or liabilities securec~ hereby
_J and shall well and truly keep, perform and comply with all the
' covenants, agreements and stipulations herein contained, then
the estate hereby granted, bargained, sold and conveyed shall
ocease and determine; otherwise these presents shall be and remain
~in full force and effect.
V J
:i
- ~9 ~ AND Mortqagor hereby jointly and severally covenants and
;o zagrees to and with Mortgagee as follows:
- --~g
~ o l. To pay all and singular the principal and interest
and the various and sundry sums of money payable by virtue of
Z said promissory note and this mortgage, each and every promptly
¢ on the days respectively the same severally become due, ~
2. To pay all and singular the taxes and assessments at
any time-imposed, levied or assessed on the Mortgaged Premises
or the indebtedr_ess secured hereby, or the Mortqagee's i.nterest
in the Mortgaqed Premises before they become delinquent. Tax
receipts shall be placed in the hands of Mortqagee within ten
t 10 ) days after payment.
3. To keep the Mortgaged Premises other than land continuously
insured against loss by fire and such other hazards as may from
time to time be requested by Mortgagee in companies and in amounts
in each campany as may be approved by and be acceptable to .
Mortqageef all insurance policies shall contain the usual standard
mortgaqee clause makinq the loss payable, without contribution,
ta Mortqagee as its interest may appear, and shall be delivered
promptly to and held by Mortgagee. Not less than ten (10) days
in advance of the expiration of each policy, to deliver to
Mortgagee a renewal t~ereof, together with receipt for the premium
of such renewal. The proceeds of a~y such inst•rance ar any
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