Loading...
HomeMy WebLinkAbout0354 i~ - - - - - - - _ _ _ - . - ' ' ~ 1s . • I growing upon the said mortgaged premises at the timc of f?ling suit for foreclosure hereof and thereafter, and all of' the rents, issues. and proGts of the said mortgaged pre~uses unpaid and uncollected at the time of filing suit for foreclosure hereof and thereafter, and upon filing suit for foreclosure, or at any time thereafter, second party shaq be entitled to have a receiver appointed to take charge of the said mortgage prenuses and the crops sown or growing thereon, togetlier with the said rents. ~ issues, and profits arising therefrom and hereby assigned, and hold the same subject to the order and d'uection of the court. !0. First parry covenants that he will not perform any act which might impair or tend to impair the continuation on the property herein described of all crop allotme~ts and acreage allotments now established or hereafter established on any of the property herein described. 11(a). In the event second party becomes a pazty to any legal proceeding (excluding an action to foreclose this mortgage or to collect the debt hereby secured), involving this mortgage or the prenuses described herein (including but not linuted to the title to 1he lands described above), second party may also recover of first party all costs and expenses ~ reasonably incurred by the mortgagee, including a reasonable attorney's fee, which costs, expenses and attorney's fee when ~ paid by second party shall becon~e a part of the debt secured hereby and shall be immediately payable upon demand, and ~ shall draw interest from the date of advance by second patty unW paid at the highest rate provided in any note or other instrument secured hereby. I 11(b). In the evrnt said debt, or any part thereof, is established by or in any action for foreclosure of this mortgage, . second party may also recover of first paity, in addition to the said debt or so much thereof as shall be unpaid, a reasonable { fee for the attorney of second party for professional services rendered in such action, such fee to be incorQorated in the ~ decree of foredosure in such action. ~ 12. First party shatt 1i~ld and enjoy the said premises until default in payment of any of the installments as provided in said note or other instrument secured hereby or a breach of any of the covenants or vonditions of said note or other instrument secured hereby or tl?is mortgage shall be made; however, any agent or employee of second party or any person { designated by second party may enter upon said prernises at any time for the purpose of inspecting same or for any other ~ purposes desired by second party. 13. All amounts that may hereafter be awarded for condemnation of, and waste and tortious injury to, any of the ; property hereby encumbered are hereby assigned and shall be payable unto second party Cor application, after payment i therefrom of attorney's fees and expenses incurred by fust party and by second party in connection therewith, on such pazt l of the indebtedness secured hereby as second party may deterntine, with no duty on second party to collect rame. 14. First parcy agrees as a condition hereof that all obligations, assignments, releases ot real property and/or personal i liability, reamortizations, renewals, deferments, extensions or any other agreement, in writing, made by any one or more of ! the parties herein designated as first party with second party aze 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, succ~ssors 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 tide or interest in and to the real property described above, i os ~,y y~r t:~eret~f, ~~itho~i ~he wriisen consent of the lawful holder of this mortgage, or if such title or interest of t`ust party ~ ; (or of any one or more of the parties designated herein as fust party) is involuntarily conweyed or transfened as the result of f i foreclosure of a junior lien or is required under court order or decree as the result of litigation (oonveyance or transfer of tide or interest resulting from death of fust party, or any uf the fust pariies, if more than one, excepted), without the written ~E consent of the lawful holder of this mortgage, then and in either of said events, and at t:~e option of said holder, and without notice to the first party, all surru of money secured hereby shall become due and payable and in default immediately and concurrently with such conveyance or transfer, whether the same are sa due and payable and in default by the specific terms !M hereof or not. ' ~ 16. This instrument is subject to the Federal Farm Loan Act and all acts amendatory thereof and supplementary ~ _ ' thereto, and regulations issued thereunder. All rights, powers, privileges, options and remedies and rights allowed by law, may ,I ' be pursued concunently, and shall extend to and may be exercised and enjoyed by the successors and assigns of second party, k and by any agent, ot~icer, attorney or representative of second party, its successors or assigns. All oblig,ations of, and ~ ; assignments by, fust party herein and hereunder shall extend to and be binding upon the heirs, executors, administrators, i ~ successors, and assigns of fust party. ~ ~ SEE PARAGRAPH BE~OW ~i ; IN WITNESS WHEREOF, Iust party has hereunto set his hand and seal (and if fust party is or includes a ~ corporation it has qused these presents to be executed and its corporate seal to be hereto affixed by its proper officers ; ~ thereunto first duly authorized), this day and year fust above written. _ a $ _ s ~ Signed, Sealed, and DeGvered ~ in the presence of: ~ ~ ~ ` ' „ `E ~ ~ ' _ ~ ~ iiI ~ _ SUNLIGHT GROVES, N . J , ,I ~ • I ~ ' ' f ' : ` 4 a~ d~ By • . (SEAL) ~ Ral J. Lindsey, Pre de~t c~ ~ q~~ ' 1 !i ~ ~ "`'(SEAL) ii ~ ~ o both ar ies , Attest: ~ (SEAL) ~I ~ eorRe . er, Secr tary ~ , ~ (SEAL) ! . ~ ~ 'i = (SEAL) - l~ i, _ (SEAL) ~-j~ 17. First party Will comply with all the terms and conditions of any instru- y~-~-~ ment heretofore or hereafter executed by first party in connection with the jj " ~"L loan(s) secured by this security instrument. j~ -r: ~l I~ r~ :c`~ / _ I~ ~ 5~u~v ~ ~M - - ~ ~~u. ~°°Ra g~ ~S ~3 ~ ~ ~ . c.L tii.-- ~.L. - ` - ~ ----,--1 RE - - - „ : - o ~ - ~F'F!~ A ~R~ R ~ ~ eec~~ 2~Q v,,cf 35~ ~-~~~a~., , f", ; , . ~y , - _ , ~ ~ _ ~ _ - ~ _ _ _ ~ . . , _