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HomeMy WebLinkAbout0987 + - - - - +f _ _ _ _ - - - - _ ; . ` ~ r ejL~• growing upon the said nwrtgaged premises at th~ time of Cding suit for forcclosure hereoC a~d thereafter, and all of the rents. issues, and profits of the said martgaged pcenuses unpaid and uncollected at the time of filing suit for foreciosure hereof and thereafter, and upon filing suit for forcclosure, or at any time thereaftcr, second party shall be entitled to have a receiver appointed fo takc charge of the said mortgage prznuses and ihe crops sown or growing thereon. together with the said rents, issues, and proGts arising therefrom and hereby assigned~ and hold the san~e subject to the order and d'uoction of the court. 10. First part~r covenants that he will not perform any act which nught impair or tend to impair the contu~uation on the property herein described of all crop allotn~ents and acreage allotments now established or hereaCter established on any of qu property herein described. 11(a). In the event second party becon~es a puty to any legal proceeding (excluding an action to foreclose this mortgage or to collect the debt hereby secured), involving this mortgage or the premises described herein (including but not linuted to the title to the lands described above), sec:ond party may also recover of ~irst pariy all costs and expenses , reasonably incurred by the mortgagce, including a reasonable attorney's fee, which costs, expenses and attorney's fee when paid by second party st~all beconk a part of the debt secured hereby and shall be immediately payable upan demand, and , shaU draw interest from the date of advance by second party until paid at 1he highest rate provided in any note or other instrument sccured hereby. ; 11(b). In the ev~ent raid debt, or any part thereof, is established by or in any action for forcclosure of this mortgage, second party may also recov~er of fustpa rty, in addition to the raid debt or so much thereof as shall be unpaid, a reasc,~~abte fee for the attorney of ~econd party for professiona! services rendered in such action, such fee to be incorporated in the decree of foreclosure in such action. 12. First party shall hold and enjoy the raid premises until default in payment of any of the installments as provided i in said note or other instrument secured hereby or a breach of any of the covenants or oonditions of raid note or other instrument 9ecured hereby or this mortgagc shall be made; howev~er, any agent or employee of second pariy or any person ( desigr~ated by second party may enter upon said premises at any time tor the purpose of inspecting same or for any other ~ purposes desired by second party. 13. All amounts that may hereafter be awarded fot condemnation of, and waste and tortious injury to, any of the property hereby encumbered are hereby assigned and shall be payable unto second party !or application. after payment ~ therefrom of attorney's fees and expenses incurred by first party and by second party in connection therewith, on such part J : of the indebtedness secured hereby as seoond party may determine, with no duty on second party to collect rame. ~ ' 14, First party agrees as a condition hereof that atl obligations, assignments, reteases of real property and/or personal ~ liability, reanwrtizattions, renewals, deferments, extens~ons or any other agreement, in writing, made by any one or more of ~ ihe parties herein designated as first party with second party are hereby authorized and consented to by all parties herein designated as first party and shall extend to and be binding upon the heirs, executors, administrators, successors and assigns ~ of all the parties herein designated as first party. ; 15, First party agrees as a condition hereof that if a conveyance should be made voluntarily by first party (or by any ~ one or more of the pazties designated herein as fust party) of any title or interest in and to the real property described above, ~ or any part thereof, without the written consent of the lawful holder of this mortgage, or if such title or interest of first party (or of any one or more of the parties designated herein as t`ust party) is i~voluntarily conveyed or transfened as the result of `s. foreclosure of a junior lien or is requiced under court order or decree as the result of litigation (conveyance or transfer of tide } ~ ar interest resulting from death of first party, or any of the first parties, if more than one, excepted), without the written - consent of the lawful holder of this mottgage, then and in either of said events, and at ihe option of said holder, and without ~ notice to the fuat party, all sums of mortey secured hereby shall beeome due and payable and in default immediately and concurrendy with such cor.veyance or transfer, whether the same aze so due and payable and in default by the specific terms ? ~ hereof or not. 16. 'fhis instrument is subject to the Federat Farm Loan Act and alt acts amendatory thereof and supplemeniary 1` thereto, and regulations issued thereunder. All rights, powers, privileges, options and remedies and rights allowed by law, may ; be pursued concurrendy, and shall extend to and may be exercised and enjoyed by. the successors and assigns of second party, j and by any agent, ofTicer, attomey or representative of second party, its successors or assigns. All obligaiions of, and j assignments by, fust party herein and hereunder shall extend to and be binding upon the heirs, executors, administrators, successors, and assigns of first party. SEE PARAGRAPH BEI.Oi~I = IN WITNESS WHEREOF, fust party has hereunto set his hand and seal (and if fust pazty is or includes a corporation it has caused these presents to be executed and its oorporate seal to be hereto affixed by its proper officers ~ a thereunto fust dWy authorized), ihis day and year first above written. j ; ~ ; . ; Signed, Sealed, and DeGvered M in the presence of: ~ . ~i ~ ~ ' ~ il - , _ f - (SEAL) ~ = ; ; SEAL) ~ ~ ; , ~ ` (SEAL) ~ ~ (SEAL) " ~ (SEAL) I ~ (SEAL) li 17. First party wiZZ comply with 8~1 the terms and condixions of anq instru- nt heretofore or hereafter executed by first party in connection with the ~ % an(e) secured by this aecuritq instrument. , ' ' ~i ~ ~ g~ ~ ~ ~s~ ` I t ; _ _ i______ k ~`~~y - ~ I! ~ .'~y ~ . -'i ~°w ~~.rc.~~ ~ ~ ~ - . '~..~.5 `~.~.s' ~y. 1 ~ ? ~ _~R . , = k'~ . ~,~s~.'A. _ _