HomeMy WebLinkAbout0893 ARTICLE I
PARTICULAR COVENAI~TS OF THE MORT3A(30R
The Mortgagor covenants and agreee ss loilo~s:
STCTI01~ 1.01. The Mortgsgor Marrants that 1t has a
gooa ana mnrketabie title to an indefeasible Pee eststa in the
Premises sub~ect to no lien, charge or encumbrance except such
as are listed ae exceptions to title in a title policy insuring
the lien of thie Mortgsge issaed by a title compsry? ox companies
acceptable to the Mortgsgee; that it Mill o~n the Chattele free
and clear of liens and claims; snd that this Mortge~ge is and
~ill remain d valid nnd enforceable first lien on the Mortgaged
Property sub~ect only to the e~cceptions referred to above. The
Mortgagor has full po~er and laMful authority to mortgage the
Mortgaged Pi~operty in the manner and form harein done or in-
tended hereafter to be done. The Mortgagor Mill preaerve such
title, and Kill forever ~arrsnt snd defend the enme to the
,
; Mortgagee and xill forever xarrant ~nd defend the ve~lidity and
~
~ priority of the lien hereof againBt the claims of all persons
~ .
o and parties Mhomsoever.
3ECTI01~ 1.02. The Mortgagor ~ill, nt the coet of the
Mortgagor, and Mithout ~penae to the Mortgagee, clo~ e~cecute,
ackno~ledge and deliver all snd everq such further acts, deeds,
conveyancea, mortgag+ee, sseignmenta, notices of assignments,
tranafers and ssaurances as the Mortgagee ahsll Prom time to
time require, !or the better aasuring, conveying, sssigning,
trnnaferring and confira~i.ng unto the Mortgagee the Property and
rights hereby conveyed or aseigned or intended nox or hereafter
so to be, or xhich the Mortgagor mey be or msy hereafter become
bound to convey or sseign to the l~ortgagee, or for carrying out
the intention or lacilitating the perlormance of the terms of
this Mortgage, or !or liling, registaring or recording this
I-1 gt~K~'~4 PACE ~