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HomeMy WebLinkAbout1085 ~ . _ : . , . i k I . - ' . , . ~ ~ . . ~ - ~ ~ ~ - ~ , ~ . . _ . . ~ ~ • , I TO HAVE AND TO HO~.D, dis said propectY. to8atl~r with all and singul~tr ~ts, members, Ixxe~t- - tamcs~ts, and appurtenanoes therennto belaiging-ac in aay wise appertainin~g unto party, its suao~sots and assig~ss, in teesunple forevar; and fust party hercby binds hi~nself ( itself h~s ( its ) heirs, 'e:ecutors, adani~ ` istrato~s, 3ucoess~s wnd ass~gns, fio warrant and fa~+eva~ de~'~nd sdd properiy w~to sa~ond pariy. its suooessoss i ana assigas, froa, ana y bist , dse heirs, esecut«s. ad~ni~tratoa. tuooe~s ana as~s af ffrsc partp aS 3D(~ $u O~' p@iSOIlS N+l~la•~iLSO-E:Ve! ~~l~l~/ C~ Q[ ~D C~IriI ~1E S8II18 O[ ilII)? plt[t ~+EOf. PROVIDED ALWAYS, NEYERTHELESS. aad it is tbe true intent and nneon~ng of tbe ~ to tl~ese presents, that if first party shsll pay, or cause to be paid, unto seoondp~y , its wooeuors or auigns, aaid debt a sum of ma~ey, with intabst d~ereon as afo~esiid, and sLull perfaRn all t-ernns, oonditioos, and oaveoants acoos~d- : ~ ing to t6e true intent of said not~e and thi: a~at~age and any other iastrimneat sec~uing aaid naGQ aad oomP~Y with all the of the Federal Fum I.oon Act aad all aa~ts thexeto, aad wlth d~e regulatiant issued and ~be issvedby the F~rm (~redit Administration, all af which are hereby made a~partbeceof~ ! thea thia mortgage shaU oeasc, determinq awi be nth~ly nutl aad void; otherwisa R shail nmain in fuII facoe aad I, ~ e,ffect. . . ~ FOR THB CONSIDERATION AFORESAID, f°st party oov~ants as foUaws: 1. First ~rty is lawfully sei~ed of said pr~ty in fee simple and h~ a perfed right tv oonvey ~m~ tLa~e ; are no encvmbranoes or l~as whatsoeve~ on said propecty eioept this mo~rtgAge. ~ 2. First wil! iasure and keep insured as may berequ~r~d by seooodputy from tiane to time aH. ~ graves and orc~ iww aa said pronerty a that may ~ft~ be ti~x+eona~nsc Ioss o~ fir~ wtnd- . ~ storm, haii, frost, fre~ce, and/o~_other casualty, and aII build~'ng~ now on sai'd ~~puty, ~nd a11 ' ~vhicL ~ may ~reaker be ereeted the~eon, a~nst las ~ daatsge by fire, lwi1, wind:tam. and/or otha c~sualty, tn such form, sud, amounts, and ia s~fi company ar ~p~, ss shaD be sati:factosp to seoond puty. tLe bss. iE ~ ii any, to be payable to seoond pArty as its interat ms~y app~r st the time af tbe loss. Fir t party will ddiver b~ seooad pArty t6c policy or poticies af insuranoe with mortgagee clause attac~ed tLeceto sati:fadory to sboond party, aad will prom~dy~pay~when due all emiums for such insuranoe. If any grove cr occhard s6all be de- ~ stroyed or damaged roY fira, w~tocm. hai~ frast, freez~ aadlo~ otbet awalty, t6e aa~ount reodval in setde~ ment o# the loas or dam~ge may be applied at the optton af seoond party on w~eh af the i~debtedaess . m ~ secvred~y this instrunoeat as seoona P~rty may in its sole aisae~on aetermiae,. If .ny on s~d P~'P~Y so insured s6all be destrayed ar damaged. tbe amaint reoeived in settlana~t af the bss a~ may be ap- ~ plied at the optian af Eirst puty to tbe ' ar repair af the building~ so destroyed or wb- ~ ject to the regulatioas issued a~ tbat may be iuual under the Fed~eral Farm Loon Ad ar ~ctr amtnclaMsy thereof or supplemental thereto; and any portioo of the piooeeds not so uaed :ball be apptied on die debt hereby ~ secvied in such mann~ as seoond party, ia its sok disaretioo, may dete~mine. . 3. First P~Y ~ P4Y. ~?beu due_ and p4y~stble~ a11 taxes, asse~ts and otber dharges t~t m~y be l~,wied ~ or assessed ag~ai~t said pcoperty, and a11 judg~enb and all other amouncs that may be oc beoo:ne s liea thereoo. ~ 4. First psu~ty will keep in good order and ooodition, preserve, and repa~r, rebuild aud ratore all temoes. ~ builclings, g~+an?~e:, as~cbar~. f~noei, fi:tures.~ slnvbbecy ~tnd other ~n ts, of evay )riad ud n~t~re. sww - on said laad and 6aeafter e~+ected a pla~ed thereoa that awy be ~ ed a damaged by fira windstam a ' otherwise, and wW not permit the chaa~e, injury a re~notial t~hereaf, ~ot aomm~t or parmit wa:te an ~aid ~ land, and will no~ e=cept with the writtea .conseat of seoond p~rty. at, we a~ remoMe, ct Pa~it tbe cutting. u~s or rema?al of. anY tinnber or treas oo ~id land far mw?~?ii1, turPmtioe or otber uses or p~vpo~es, e~cept far fjro- wood and otl~er ordinary fami Fir~tp~rty wIU also presesve and kaep iu gpod arde~ aad ooetittioo aD 1 er trees aad timber now aud ter ~awipg upoo- tbe s~id ~y~ wiD st all tinx~ proted tbe treas aad t~mber aga~t loss or dAmage by firA all M the aaWfadioa party. S. First party will at aU tla~e,t p~+operl~? fe~e, ~+ste. o~re fw. and nnsintaia ia~a proda~ive conditioa all t},e gro+?e aad arch~rd tr+ees now an said proparty ar ber~e~fter pL~ed dierean, and wi11 protect d~e p+we~ ~d M~E . . . . . _ _ z