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HomeMy WebLinkAbout0875 i! : - . _ , I growing upon the said mortgaged premises at the time of fding suit tor forectosure hereof and thereafter, and a!1 af ihe rents, issues, and profits of the said mortgaged prtmises unpaid and uncollected at the time of fding suit Cor foreclosure hereof and thereafter, and upon filing suit for foreclosure, or at any time thereafter, second pariy shall be entitled to havc a receiver appointed to take charge uf the said mortgage prenuses and the crops sown or growing thereon, together with the said rents, issues, and proGts arising therefrom and hereby assigned, and hotd the same subject to ihe order and direction af the court. ~ 10. First patiy covrnants that he will not perform any act which nught impair or tend to impair the continuxtion on the property herein described of aq crop allutments and acreage allotments now established or hereafter established on any of ~ the property herein described. ~ 11{a). In the event second party becomes a party to any legal proceeding (excluding an action to foreclose this ~ mortgage or to collect the debt hereby secured), iavolving this mortgage or the premises d~scribed herein (including but not limited to the tiile to the lands described above). second parry may also recover of first party aU costs and expenses reasonably incuned by the mortgagee, including a reasonable attorney's fee, wlish costs, expenses and attorney's fee whe~ paid by second party shall becon~e a part of the debt secured hereby and shali be immediately payable upon den~and, and ~ shall draw interest frortt the date of advance by second pazty until pai~ at the highest rate provided in any note or other ~ instrument secured hereby. ` ~ 11(b). ln the event said debt, or any part thereof. is estabGshed by or in any action for foreclosure of this mortgage, second party may also recover of Pust party, in addition to the raid debt or sa much thereof as shal! be unpaid, a reasonable fee tor the attorney of second party for professional 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 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 conditions of said note or ather = instrument secwed hereby or this mortgage shall be made; however, any agent or employee of second party or any person ~ ' designated by second party may enter upon raid premises at any time far the purpose of inspecting same or tor any other ( purposes desired by second party. I r I3. Ail 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 for application, after payment { ; therefrom of attorney's fees and expenses incurred by first party and by second party in connection therew7th, on such part ` ; of the indebtedness secured hereby as sernnd party may deternune, with no duty on second party to collect rame. ~ ; 14. First party agrees as a condition hereof that alt ~bligations, ~ssignments, releases of real property and/or personal i : liability, reamortizations, renewals, deferments, extensions or any other agreement, in writing, made by any one or more uf i ' die parties herein designated as first party with sevond party are hereby authorized and consented to by all parties herein ' ~ designated as fust party and shall extend to and be binding upon ihe heirs, executors, administrators, successors and assigns ~ 3 of all the parties herein designated as !`ust party. i ' 15, First party agrees as a condition hereof.that if a conveyance should be mad~ voluntarily by first party (or by any ! _ one or more of the parties designated herein as fust party) of any tide or interest in and to the reat property described above, ' ~ or any part thereof, without the written consent of the lawful holder of•this mortgage, or if such tide or interest of fust party ; ~ (or of any one or rnore of the parties designated herein as first parry) is involuntarily conve? ed or transfened as 1he tesult oi I~ 3 foreclosure of a junior Gen or is required under couct order or decree as the result of litigation (oonvcyance or transfer of tide or interest resulting from death of fust party, or any of the fust parties, if more than one, excepted), without the written ~ ' consent of the tawfut holder of this mortgage, then and in either of raid events. and at the option of said holder, and without I~ notice to the fust party, all sums of money secured hereby shall become due and payable and in default immediately and eoncurrendy with such convcyance or transfer, whether the same aze so due and payable and in default by the speciFc terms hereof or not. i ~ 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 ' ' be pursued concurrently, and shall extend to and may be exercised and enjoyed by the successors and assigns of second party, ; ; and by any agent, officer, attorney or representativ+e of second party, its successors or assigns. All obligations of, and } assignments by, fast party herein and hereunder shall extend to and be binding upon the heirs, executors, administrators, ; successors, and assigns of first party. See paragraph below . ! I? IN WITNESS WHEREOF, first party has hereunto set ttis hand and seal (and if first party is or includes a ~ corporation it has caused these presenis 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. ~ ° ~ ; i Sigrted, Sealed, and Delirered - " in the presence of: ' ii ;I ii L~ ~ . „ 'j ~ (SEAL) ~ ~ ; ~i~~ ` ' ' . ^ (SEAL) , ' ~ ~ ` ~ I ' ~ ~ (SEAL) ~ ~ ~ ~E / 1 ` i~ -t Z~ ~=•--,-~~+q•!~- (SEAL) ;I ~ f; - (SEAL) i~ ; (SEAL) ~J << i; First garty will comply with all the terns and conditions of any , ji ument heretofore or hereafter executed by first party in connection with ~ e ~lo n s) secured by this security instrument. 1 ~ - i;~% ~ i 0 R p"~~ ~ 60~t Q 1A6E i7 ' . . _ ; ~ _ ~~~-ti~ ~ , . _ - v _ _ _ . - . _ ~ ~h~