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In consideration of the loan, Mortgagor further agrees: `
. 1. To promptly notify, in writing, the holder of the Note of the
acquisition, subsequent to the date of the Note, of any property of the kind
or nature required by the Authorization to be hypothecated (including but
not limited to property to be constructed or acquired in whole or in part
out of the proceeds of the loan); and set forth in such notice a description,
the cost and quantity, of all such property so acquired;
2, That all such after-acquired property shall forthwith become
subject to the lien of any such hypothecation; ~
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3. To, at the request of the holder of the Note, promptly execute t
and deliver to such holder, at the expense of Mortgagor, all instrumer.ts in
form and substance satisfactory to Counsel for the holder of the Note,
creating a valid lien on such after-acquired property whether by supplemen-
tal instrument of hypothecation or otherwise.
TO HAVE AND TO HOLD the same, together with all and singular
the tenements, hereditaments and appurtenances thereof, including fixtures
and articles of personal property now or at any time hereafter attached to
or used in any way in connection with the use, operation and occupation of
the above described real estate, and any and all buildings and improve-
ments now or hereafter erected thereon. Such fixtures and articles of
personal property including, but without being limited to; all screens,
awnings, storm windows and doors, window shades, inlaid floor coverings,
shrubbery, plants, stoves, ranges, refrigerators, boilers, tanks, furn-
aces, radiators, and all heating, lighting, cooking, plumbing, gas, electric ,
ventilating, refrigerating, irrigating power, air-conditioning and incinerating
equipment, systems, machines and appliances of whatsoever kind and nature, ,
except household furniture not specifically enumerated herein, all of which
fixtures and articles of personal property are hereby declared and shall be
deemed to be fixtures and accessory to the freehold and a part of the realty
as between the parties hereto, their heirs, executors, administrators, ~
successors and assigns, and all persons claiming by, through or under ~
them shall be deemed to be a portion of the security for the indebtedness ,
herein mentioned and to be sub'ect to the lien of this mort {
J gage, and TO-
GETHER WITH all rents, revenues, issues, proceeds and profits of the i
above described property, and also all the estate, right, title, interest, '
property, possession, claim and demand whatsoever as well in law as in
equity of the said mortgagor of, in and to the same and every part thereof
unto the said mortgagee and its successors and assigns forever,
PROVIDED ALWAYS, and this mortgage is on the express con-
ditions, that if the Mortgagor shall pay or cause to be paid all of the moneys
mentioned in said Promissory Note and the interest thereon, all at the
times and in the manner as therein agreed to be paid, according to the true
intent and meaning thereof, and shall pay all other sums provided to be
paid by this mortgage, and shall perform and abide by all the covenants and
agreements herein and in said Note contained, then these presents shall be
void and the estate herein and hereby granted shall cease and determine.
AND THE SAID MORTGAGOR does hereby covenant with the
Mortgagee that said Mortgagor, at the time of execution and delivery of these
presents, is the absolute owner of an~ in possession of said mortgaged pro- ~
perty; that he has a good right, full power and lawful authority to convey the ~
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~x ~.70 ~~~~I~
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