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HomeMy WebLinkAbout0003 sale covering portions of the Premises, hereafter entered into by Mortgagor, a~d all right, title and intereat of Mortgagor thereunder* including, without limitation, cash or aecuritiea deposited there- under to secure performance by the lessees and vendees of their obligations thereunder, regardlese of haw said cash or aecurities are to be he13 by Mortgagor pursuent to the terma of such leases or co~-?tracts. . ~ To Have And To Hold the above described property unto Mortgagee, ita successors and asaigns, fotever, sub~ect, however, to the te~cma and conditiona of this Mortgage. Provided, hawever, that these presents are upon the con- d~tion that i£ Mortgagor shall pay or cause to be peid to Mortgagee Lha principal and intereat payable in r.espect to the Note secured hereby, at ttie tfwes and in the manner atipulated therein and herein. ali without any deduction or credit for taxes or othex similar charges paid by Mortgagor, and Bhall keep, perform and observe all ~nd sf.ngular the covenants end pramises in the Note secured hereby, and any renewal, extension or modif ication thereof, and in this Mortqage expre8sed to be kept, performed and observed by and on the p~rt of Mortgagor, all without de18_y, then thi5 Mortgage, and alI ~he pxoperttes, interest and rights hereby gran~ted, bargeined, sol~: ali~nedS resaiaed, re~eased, c~nveyed, assigned, transferred, mort~ gaged, hypothecated, pledged, delivered, aet ~~~er, warranted and con.f~ rmed, shall cease, determine and be ~~oid ~~u~ aha otherwise x~ma~n in full force and eff~ct. - Art ic le I~ Particular Covenants o:~ MorCgagor Mortgagor repreeents unto and coversants and agrees with Mortgagee that: " ~ Section 1.01. Mortgagor ~arrante that it is indefeasibly $eized with the absolute and fee simple title in and to the Premisess that Mortgagor's title thereto is good and marketable; tha~ it wilt ~ awn the personal property encumnbered hereby £ree and clear of liens ~ and claims; and Mortgagor has full pawer and lawful authority to ; grant, bargain, aell, convey, transfer and mortgage the same; and ' thdt it ehall be lsi+ful at any time hereafter for Mortgegee to peece- ably and quietly snt~r upon, have, hold a~d e~joy eaid property, and ~ every part th~reof; and that this Mortgage is and will remain a vel.id € and enforc~abl• first li~n on the mortgaged Qroperty unlese otherwiae ~ here~nafter provided; and, uniess other~ise hereinafter provided, saic~ g ~roperty is free and discharged fran all liens, enc~m~brances, and ~ claime of any kind, including taxes and assessmente; and that Mort- gagor hereby fu11y warrants the title to eaid property unto Mortgagee, 4 and will defend the same againat the la~ful claims and dc-~mnds of eZ~ persons Mt~?oa~soever, ~ 3 Section 1.02. Mortgagor wi~l, at the cost of Mortgagor, and Wlthout expenae to Mottgagee, do, execute, acknowledge and deliver ° all and every auch further acta, deeds, conveyances, mortgages, ~ assignmenta, notices of assig~ent, tranefers and assurances as = Mortgagee ahall from time to time require, for the better aesuring, - . -3- cr~ A ~C~(~~~ ~~`Ci ~ ` . (1JY!!225 FlGE U~~7 ~ ~ -i rNIlt7J?M3, BAIQMON, KAl~iNEPt 5 OAMIAH. ATTOt~l~EY~ nT tAW, wPOy'~ H!ltLG1~~G ~~~~M1, ct~•n1t:~ ~ u A , - - - - - ~ ~ r - ~ - _ _ . . . _ ..fi'z'