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HomeMy WebLinkAbout2842 - - - . = i ! y~owing upon the sa~d mortg,agec: premises at the time of filing s~~it fa foceclo~ure heraof and thereafter, and all of the rents. - j issues, and prefits cf the said mortgaged premius unFaid and ~,ncollected at the time af fili~g s~it for foreclosure heceof and ~ thereafter, and upon filing suit for foreclosur~, or st any tuize thereaf:rr. second party shaU be entided to have a reaiv~c~ ~ appointed to take chuge uf the said mortgage pre~uses snd the crops sown or p,rowing thereon. together with the said rents. ~ iswes. and profits arising therefrom and hercby assigned, and hold the same subjcct to the ordcr and d'u~ction of the couct. 10. First party oc~ven~nts that ha will not perform any act wtuch might impair or tead to impair the continuation on the ptoperty hereie described of all c~op apolments and acreagc allotments now established or hereafter established on any of = the property herein described. ll(a). In the event se~ror.d party becomes a puty to any legal proceeding (excluding an action to foreclose this mortgage or to colleM the debt hereby secured). involving this mortgage or the premises described harein (inctuding but not ~ limited to the title to the lands desc[ibed abovr), second party may a~so recover of first party aA costs and expenses ~ reasoaably incurred by the mortgagee, including a.reasonable attorney's fee. which costs, expenses and attorney's fee when paid by scoond psrty shall become a part of the debt secured hereby and st?all be immediatcly payable upon demand, and ` shall draw interest from the date of advance by second party unW paid at the t?ig,hest rate provided in any note or other ; instrument secund henby. l l('b). ln the event said debt, or any part thercof, is established by or in any action for fonclosure of this mortgage, s~cbnd party may als~ reoov~et of firstpa rty~ in addition to the raid debt or so nwch thereof as shall be unpaid, a reasoneble fee for the attorney of sec~o~d p~rty for professional services rendered in such action, such fee to be incorponted in the decree of foreclosun in such action. ~ 12. First party shall hold and enjoy the said pnmises until d~fault in payment ot any of the instrllments as provided in said note or other instrument securcd hereby or a breach of any of the cov~enants or oonditions of said note or other instrwnent secur~d henby or this mortgage shali be made; how~ever, any agent cx employee of second pariy or any person - designated by second party may enter upon said premises at any time for the purpose of inspecting same or for any other pwposes desired by second puty. 1"s. All amounts that may hereafter bG awuded for condemoation of, and waste and tortious injury to, any of the property henby eacumbered are hereby assigaed and shall be payable unto second party for aPplicat~on, after payment therefror.~ of attorney's fees and expentts incurred by fust party and by seeond party in oonnection therewith, on a~~ch p..~~ of the indabtedaess stcured heteby as second patrty may determine, with no 3uty on seoond party to collect rame. 14. First puty agrees as a condition hereof that all obli$etions, as.tignments, releases of real property and/or personal liabiUty, reamortizations, renewals, deferments, extensions or any other agrcement, in writing~ made by any one or more of the parties herein designated as fust party with seoond party aze hereby authorized and consented to by aU parties herein designated as fust party and shall extend to and be binding upon the heirs, executors, administrators~ successors and assigns of all the parties hercin dasignated as first party. < 15. First party agrees as a co~dition hereof that if a conveyance should be made voluntarily by first party (or by any one or more of the puties de.tigteated hrre~ aa fust puty) of any title or interest in and to the real property described above, ~ or any p;ut thereof, without the written consent of the lawful holder of this murtgdge, or if such tide or interest of first party ~ (or of any one or mon of the parties designated herein as first party) is involuntazily conveyed or transferred as the result of forecloaun of a jweior lien or is required under oourt order or decree aa the rewlt of litigption (conveyance or Uansfer of tide or interest resulting from death of first party, or any of :he fint parties, if mon than one, excepted), without the written consent of the lawful holder of this mortgage, then and in either of said events, and at the option of said holder, and without uotice to the first party, ali sur~u of money secuced hereby shall beoome due and payable and in default immediately and ooncunendy with sud. ~nveyance or transfer~ whethrr the same aze so du~ and payable and in default by the specific terms ~ _ hereof or not. - ~ 16. 'This inswment is subject to the Federal Farm Loan Act and all acts amenda!ory thereof and supplementary ~ thereto, and regulations issued thereunder. All rights. powers, privileges, opiions and re,mdies and rights allowed by iaw, may ~ ~ be pursued con~vrrendy, and shall extend to and may be exercised and enjoyed by the sucoessors and assigns of second party, and by any agent, officer, attorney or representat:ve of seoand party, its successors or assigns. Ali obiigdtions of, and ~ assignments by, fust pazty herein and hereunder shaii extend to and be binding upon the heirs, executors, administrators, successors, and assigns of Fust party. ii ; SEE PARAGRAPA BEL~OiI ~ _ Q1 V1?ITNESS WHEREOF, fust party has hereunto set his hand and seal (and if first parry is or includes a ( corporation it has caused these presents to be executed and its oorporate seal to be hereto affixed by ics proper ofiicers ~ thereunto fust d'uly authorized), this day and year fust above written. ~ Signed. Sealed, and DeGvered ~ in the pcesence of: . ; , _ - I ~ i I / - - i - , ~ I n , (SEAL) ~ n ? `~~(/fif ~ -,J -1~' j~ c~'~YC~a/ t .t.~f~4 G:.. ~ ~ L~~ct ~f - - (SEAL) (SEAL) (SEAL) - (SEALj (SEAL) 17. Firat party aill co~ply vith all the terae ~ad condltiona of any iastru- e e - a~eat heretofore or hereafter e~cecuted by firat pa~cty in connectioA With the ~~~1- e loan(s) secured by this aecutity instrument. ~ 80UK~.L1 P11~f~V'~V ~ - ; _ - - - - - - ~ _ ~ ~ ~ .^'Yu .G".."S `j . ~ Y S * ~~.r-+ 'L..m~.. v '~.9 . ~ . . _ _ ~i . .