HomeMy WebLinkAbout0895 SECTION 1.05. The Mortgegor, if a corporation, ~ill,
$o long as it i~s rnmer of the Mortgaged Property, c1o a21 things
necessary to preeerve and keep in full fcrce a?~nd effect its
e~cistence, franchiees, righte and privileges as a business or
stock corporation u~nder the laMS of the state of its incorpora-
tion and ~vill comply Mith all regulatior_s, rules, ordinances,
stntutes, orders and decreee of ar~y governmental euthority or
court applicable to the Mortgagor or to the Mortgaged Property
or a~r~y part thereof .
SECTION 1.06. All right, titia and intere~t of the
Mortgagor in and to all e~ctensions, impmvementa, betterments,
rene~als, eubatitutes e~nd replacements of, ,e~nd ali ad~itions
snd nppurtennnces to, the Mortgsged Property, hereaPter acquired
by, or released to, ~the Mortgngor or constructed, asgembled or
placed by the Mortgegor on the Premiaes, snd all conversion8 of
the security constituted thereby, immedie.tely upon such acquisi-
tion, release, construction, assemblirig, placement or conversion,
ns the case may be, and in each such case, Mithout ar~y further
mortgage, conveyance, asaignment or other act by the Mortgagor,
shall become sub~ect to the lien of this Mortgege as fully and
completely, and ~rith the same ePfect, as though no~ oxned by the
Mortgsgor and apecificslly described in the granting clause
hereof, but e.t ~ny and sll times the Mortgagor Mill execute and
deliver to the Mortgagee any snd all such fnrther assurances,
mortgages, conveyance8 or aeaignnente thereof as the Mortgagee
may reasonably require for the purpose of expressly and specifi-
cally sub~ecting the snme to the lien of ~hia Mortgage.
SECTIOlt 1.07. (a) The Mortge~gor, from time to time
~hen the ssme shall be~ome dne, xill pey and discharge all ta~cee
oP every kind and nature (including real and oergondl property
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