HomeMy WebLinkAbout0564 i
j + ~ j ~
! ~ . •,r ~
! growing upon the said mortg,aged prejnises at the time of filing suit for foreclosure hereof and thereafter, and all of the rents,
I issues~ and proCts of the said mortgaged premises u~paid and uncollected at the time of Filing suit for foreclosure hereof and
i
thereafter, and upon filing suit for foreclosure, or at any time thereafter, aecond party shall ba entitled to have a receiver
; appointed to take charge of the said mortg,age premisea and the cropa sown or gcowing thereon, together with the said rents,
i issues, ar~d profita uising therefrom and henby assig,~ed, ~nd hold the same subject to the order and dLrection of the oourt. ~
~ 10. First party cov~enants that he will not perform any act which might impair or tend to impair the continuation on
the property herein described of all crop allotments and acreage allotments now estabGshed or hereafter eatablished on any of =
;I the property herein described.
11(a). !n the event seoond party becomes a party to any legal proceeding (excluding an action to foreclose this
i mortgage or to oollect the debt hereby aecured), invotving this mortgage or the premises described herein (including but not
limited to the title to the lands described above), second party may also recov~er of first party 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 sevond party shall become a part of the debt secured hereby and shall be immedistely payable upon demand, and ;
" shall draw interest from the date of advanve by second party until paid at the highest rate provided in any note or other ~
`I instrument secured hereby.
11(b). In the ev~ent said debt, or any part thereof, is established by or in any action for fonclosure of this mortgage, ~
I second party may also recov~er of fust , in addition to the said debt or so much thereof as stull be unpaid, a roasonable r
fee for the attomey of second party or professional services rendered in such action, such fa to be incorporated in the ~
~ decree of fore~losun in such action.
i~ 12. First party ahall hold and enjoy the said premiaes unW 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 said note or other
instrument secured heceby or thia mortgage shall be made; howev~er, any agent or employce of stoond party 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
purposat desired by second puty.
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 ~xiyabk unto second party for application, after payment
therefrom of attorney's fees and expenses incurred by firat party and by seeond party in oonnection therewith, on such part
of the indebtedncss secured hereby as seoond puty may detennine, with no duty on seoond party to oollect same.
14. First party agrcea as a condition hereof that all oblig~tions, assignments, releasea of real property and/or personal
liability, reamortizations, renewals, deferments, extensions or any other agreement, in writing, made by any one or more. of
the parties herein designated as fust party with seoond party are hereby authorized and oonsented to by all parties herein i
designated as fust party and shall extend to and be binding upon the heirs, executors, administrators, successors and assigns =
' of all the parties herein designated as fuat parry.
IS. Firat party agrees as a condition hereof that if a conveyance should be~ade v~oluntazily by fust party (or by any
one or more of the parties de.tignated herein aa fuat party) of any tide or interest in and to the real property described abov~e,
or any part thenof, without the written consent of the lawful holder of thia mortgage, or if such tide or interest of firat party
(or of any one or mon of the partiea desi8?ated herein as first party) is involuntarily conveyed or transferred as the nsult of
foreclosun of a junior lien or is required under court order or decree as the result of litigption (oonveyance or transfer of tide
or intenst rewlting from death of first puty, or any of the first parties, if more than one, excepted), arithout the written
vonsent of the lawful holder of this mortgage, then and in either of said events, and at the option of said holder, and without
notice to the firat party, all sums of money secured hereby shall become due and payable snd in defaulE immediately and
! concurrendy with such conveyance ~or Uansfer, whether the same are so due and payable and in default by the specific terms ~
hereof or not.
, 16. 'fhis iastroment is subject to the Federal Farm Loan Act and all acts amendatory thereof and supplementary
thereto, and regulations issued thereunder. All rights, pow~ers, privileges, options and remedies and rights allowed by law, may
~ be pursued concunendy, and shall extend to and may b~ exercised and enjoyed by the suocessors and assigns of second puty,
~ and by any agent, officer, attomey or representativ~e of seoond party, its wccessors or assigns. All obligations of, and
~ assignments by, fust party herein and hereunder shall extend to and be binding upon the heirs, executors, administrators,
; succes3ors, and assigns of first party. See paragraph belav.
3
s IN WITNESS WHEREOF, fust party has hereunto set his hand and seal (and if fust party is or includes a
~ corporation it has caused these presents to be executed and its oorporate seal to be hereto aff`ixed by ita proper officers
~ thereunto fuat duly authorized), this day and year first above written.
~
E
~ Signed, Sealed, and Delivered
~ ' in the presence of:
~
i
1 1 ~
~ ` ,v ~ - ~ ~ ' /~J ~p~,~ ~
~ ~
~ (SEAI.)
~
~
~
~ (SEAL)
E
~ (SEAL) y
a :
f; ` (SEAL) i
~ , - (SEAL)
?'i
~ , ~
; 17. First party will comply with all the terms and conditions of any instrument ;
- ! heretofore or hereafter executed by first party in connection with the loan(s) secured
~
' by this security instrument.
~q ;
~:3 •
z~ ' ~
~ ~ .
-J i SecK 215 ~~c~ 5
ry ~
~
x~
~
.
~
. ~ , - -