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HomeMy WebLinkAbout1141 ~ ; . ~ growlnsupon the aid moct~ed prern~et tt the tirne of fil~ng wit fa faedoare hereof and thereaf~ter. ~nd ap of the renu, . iaua. aad pcofiu of the tald mo~t~e~p~emi~et uapaid snd unodlected at the time oft~ia~ wit tor fo~cbwre heceo! and theceafter, snd upoa fiW~g wIt foi t~orodosure, or st u~y tlme thereat~ter. ~eoond pacty ~haU be eat~tled to bave a r~oefver ~ ~PPotnted to tske charge of the ~aid mort~e prenaaet ~nd the txoq ~vn or 6roMiaB thereoa. together wfth the ~aid rents, : i~, and profiu ui~in~ thaefrom an~i henb saisned. ~nd hoW the tame wbjed to tbe ader and direction ot the o~urt. I n 10. Flrit party oovenants that he ' aot perform aay sct which might Impah a tend to impalr the ooatiauatloa on i t!?e Property heradn de~cslbed of all crop albtmeau aad acrage altotmeau now eqabll~hed or l~reafter esta~li:1?ed on aay of ' ~ P~Pe~Y heteju de~ccibed. 11(a). In tl~e ev~ent ~econd puty become: a puty to aay ~1 prooeoding (exdudiag au actioa to forsclo~e this j mortg,~gie or to oollect the debt hereby ~ecured), invdvina thls mort~e a the premi~ de~r~bed benia (iactudias but aot limited to the titk to the lan~ de~cdbed above). ~eoond party may also recover of tiru party all oosu ~nd expen~es ! reasonably incurred by the mortg,~gee. iactudiag a rea~oaabk attoraey'~ fee, which co:t:, expca~s and attoraey': fee ~vhen paid by ~eoond party thall become a put of the debt secured henby aad atyll be imrnZdiatety payabk upon dem~ad, aad . ~ d~all drsw iatere:t fraa the date of advanoe by ~ecoad party uatil paid at the higt~eu rate provided ia any note a other u~strumeat ~ecund hereby. ' 11(b). ln ths eMent aid debt, or any put tt~ereof, it ettabli~?ed by or in any action for foredo:uce of th~ mortp'e, seooad party may alto ncov~er of tirstparty , in additioa to the :aid debt or ~o much thenof u stnll be unpaid. a rw:onabb ~ fee for the attoraey of ~eeond party fa piofeuioaal ~ecvioes rendered in ach action, tuch foe to be iacaponted in ti~e decree of foredoaue in wch action. 12. Ftr:tpa~y ~1! hold and en tbe ~aid pnmi~as until default ia paymeat of aay of the installmeau u pcovided ia said aote or otlier ia}trwnent ~ecucel~enby or a breach of aay of tbe oov~nu a oonditioin of ~aid note a other iaitrumeat ~ecurod henby or this mortg~ge ~11 be m~de; how~ev~er,aay agaat or.employee of ~oond party a my Per~oa des~ted by ~aoond puty nxy eater upoa sdd pmmix~ at my tims fa the purpo~e of impoctiag wae a fa my otha ~ purpo~s derired by ~eoond patty. ~ . ~ 13. All uaoua~ that may hereafter be awudcd fa oondemaation of, aad w~te and toriio~a injury to, my of the ~ ProPe~I+ henby eacwnberad are ber~by as~ned and ~ bs payabk uato ~eooad party fa~ applicatlon, after payment therefrom of attorney's fees and eapens~ incurced by firtt party and by ~eoo~d party in ooancetion tt~ere~th~ on wcL part ' of the indebtednes~ ~ecured hereby as ~eoond puty may det~rndae. Mrltd no duty on ~eoond patty to oallect ~ame. j ~ ~ 14. Fi~st puty ~gcees ~ a caaditio~ heceof thst all obliptioas, sa~nmeaib, reba~ of real aod/a perwn~l ~ Wb~ity, reuporti~adaas, rana~a4. defa~aenb~ extaado~s or any other adreement, in Mritin~, na~ oae a moce of ~ the p~rties l~ia des~nsted st &rt party with ~eaond patty are he~eby ~utlia~inod and oon~eatod W by dl putia herein des~ated s~ S~t party aad dWl extaad to aad be biadin~ upon tha heirs, exocutoc:, adm~iWratoa, wcoes~oct aad s~ of a~l tha puties hereia de~nated ~ flrri puty. 15. F',r:t p~rty asrees as a oondition hereof that ~t' a oonv~eyaaae should be ands voiuntarllY b'Y ~ P~Y ~a ~Y f~ one or mon of the puti~ d~t~d h~ein ai fintp~ty) of any ~tb a interest ia and to ths real destx~ed sbove. - i' or my part thereof, ~vithout the Mritten eo~a~eat of dre la~vfut holder of thit ~e, a if such ti a intarest of ti~st p~rty (a~ of my one o~ mon of the puties de~nated hecein ~ fi~st P~rtY) ie in~roiun~~ tu~y ooav~ayed er traaifazred ~ the rewlt d i~ foreclaun of a junior lien a nr~quired under oourt order ec decree ~ the rault of lit~tbo (oonrey.~noe a trand'er of tltk a.int~rest . from death of fmt party, a any of the fi~tp~rt~, if aan d~an oue, excepted). w~ithout the ~nittea i~ oon~ent of the~~ul hdd~ of t~ moct~e. than aad in eltl~er at ~d e~enu, a~ at tha optioa ~ taid hoWer. and ~dtbout i notioe to dia 6rrt puty, all wnae of monay ~eaued henby shall beoome due and payabie and ia dafiutt ~diately and 1 am?aureatly ~vith wch coaveysna or tran~'a. ~rhetl~er the suae ue ~o due ~nd payabie md 'm defiult by the q~ecifZc ~erms hereof or aot. ' 16. 1~ i~trument ~ subject to the Fedaral Fum Loan Act and all acb amendatoty thaceof and tary I thercto, aad naWations i~ued thenuader. All righa, Po~~• P~• optioaz and ramadi~ and ti~h~ allo~red hw, msy ! be oonaurently. and ~6all eutend to ~nd may be exerc~l snd eajoy~d by the wooeaon sad s~ of ~econd p~rty, ~ ~Y ~t. in~Y ~ mP`~tstive of ~eoo~d party. ib aooe~on ot a~p~ns. All obL~tio~ ot; and i sesi~nmenb by, Sr~t psrt~? her~n and here~mder d~all wctend to md be binding upon tl~e hein, exe~to~s. ad~tnton, ~ wcoeaois, and ss~ni of t?tst puty. . ~ jj 1N W11NES3 WHBitEOF, dnt pirty t~u herwnto ~et hie hand and ~eal (snd if ficstpu ~s a iadudes a II oorporatioa it Las awed Wae praenu to be ex~a;uted and its oorpacate ~eal to be hereto at'[`~c~ed by ib pcoptc offioan theramto Grst duly authaiud), t!~ day aad yar firtt above ~vritten. . • ~ S~gned, Seakd, and Delivered } in the pcaeaa of: ~ ; , ; ~ ~ . i (~L) , _ ' ~ / ~ L~~"~~) ~ I As to p~arties. - - ts~) ! ~ tsF.~.) ~ ' . - :I ~ (seN-) 1 - . ~ ~'n-~- ! cuE oN a~ss ~ n~r~e~e~ ~ i rv~.sv~wr ro au~rER 2oi~, ~cts aF i~t~. i ROG:R POITttAS, qe~ ~ Co~rt ~ ~ k~t bt OANIEL N. KN 1R ~ ~ Lude Cow?i~ T~x Colkc~or I ~ OEPUn a~at ~ , i a . ~ ~ . - - ~ _ _ . _ _ - - - z > ~ ~ ~ x : . . ` . e -