HomeMy WebLinkAbout0266 of any rights or options under said note or this mortgage accrued
or thereafter accruing.
Any and all notes, lia~ilities and obligations, direct or
contingent and of whatsoever kind or description, of the mortgagors,
or one or more ot" all of them, to the mortgagee, whether as maker,
endorser, surety, guarantor or otherwise, and whether such notes,
liabilities and obligations, or any of them, of the mortgagors
or any or one or more of them, be~_now ~.in~existence or accrue or
arise hereafter, or be now owned oY held by the mortgagee or be
acquired hereafter, to include such notes, liabilities and obliga-
tions owing by one or more or all of the mortgagors jointly with
third persons, it being the intent and purpose of the mortgagors,
and each of them, to secure by this mortgage all notes, claims,
demands, liabilities and obligations (whether or not otherwise
secured) that the mortgagee may have, hold or acquire at any time
during the life of this mortgage against one or more or all of
the mortgagors, provided that the total amount of indebtedness
secured by this mortgage may decrease or increase from time to
time but the totalbglance so secured at any one time shall not
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i exceed the maximum principal total amount of Fif ty Thousand and
f
~ No/100 ($50,000.00) Dollars, plus interest, and any disbursements
made f~r the payment of taxes, levies or insurance on the property
covered by the lien of this mortgage, with interest on such dis-
bursements, and provided further that all such notes, claims,
demands, liabilities and obligations secured hereby must be in-
curred or arise or have come into existence either on or prior to
the date of this mortgage, or within the period of ten (10) years
from the date of this mortgage. And it is expressly understood
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and agreed that the mortgagee in its dealings in the future with ~
any such note, liabilities and obligations of the mortgagors, or
one or more or all of them, intends to rely upon, and will rely
upon, the provisions of this paragraph.
The mortgagee covenants and agrees with the .ortgagor that
the mortgagor may procure the rezoning from time to time, of any
p~
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