Loading...
HomeMy WebLinkAbout2478 - - ~ _ _ _ _ _ _ + - _ _ - . . ~v~eW .'i' • t growing upon the said mortgaged premises at the time of fding suit for foreclosure hereof and thereafter, and aQ of the rents. issues, and profits of the said mortgaged premises unpaid and uncollected at the time of fding suit for iorcclosure hereof and thereaRer. and upon filing suit for foreclosure, o~ at any time ihereafter. second party shal! be entitled to have a ceceiver appointed to takc charge of the said mortgage premises and thc crops sovm or growing thereon, togcthcr with the said rents. issues, and profits uising therefrom and hereby assigned, and hold the same subject to the wder and d'uection ot the oourt. 10. First patty cov~enants that he will not pertorm any act wtuch might impair or tend to impau the continuation on the property herein described of all crop allotments 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 leg,al proceeding (excluding an action to foreclose thia mortgage or to coUect the debt hereby secured), involving this mottgage or the premises desccibed herein (including but not limited to the titte to the Iands described above). seoond party may also recov~er of fint party all costs and expenses reasonably incurred by ihe mortgagee, including s reuonabk attorney's fee, which costs, expenses and attorney's fce when paid by second party shall become a part of the debt secured hereby and shall be immediately payable upon demand, and shall draw_interest from the date of advance by sernnd party unW paid at thc highest rate provided in any note or other instrument secured hereby. ~ 11(b). ln the ev,ent said debt, or any part thereof, is established by or in any action Cor foreclosure of this mortgage, second party may also recover of firri party, in addition to the said debt or s~ much thereof as shall be unpaid, a rcasonable fee for the attorney of second party for professional services rendered in such action, wch fee to be incorporated in the decree of forectosure in wch 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 oanditions of said note or other instrument secured hereby or this mortgage shall be made; howev~er, any ageni a employee of seoond party or any person ~ designated by second pazty may enter upon said prenuus 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 watte and tortious injury to, any of the r property hereby encumbered are hereby assigned and shall be pnyable unlo second party for applicatian. after payment therefrom of attomey's fees and expenses incuned by fitst party and by second party in connection therewith, on such part of the indebtedness secured hereby as seoond party may determine, with no duty on second party to collect same. 14. First party agcees as a condition hereof that alt obli~ations, assignments, releases of real property and/or personal i . tiability, reamortizations, renewals, deferments, extensions or any other agreement, in writing, made by any one or more of i the parties herein designated as fust party with second party are heceby authorized and cocuented to by all parties herein { designated as fust party and shall extend to and be binding upon the hein, executors, administrators, successocs and assigtu of all the parties herein designated as tirst party. , 15. First party agrees as a condition hereof that if a conveyance should be made voluntarily by fust party (or by any one or more of the parties designated herein as first party) of any tide or interest in and to the real property described above, f or any part thereof, without the written consent of the lawful holder of this mortgage, or if such tide or interest of first party f~ (or of any one or more of the parties designated herein as fust party) is involuntarily conveyed or trancferred as the result of foreclosnre of a junior lien or is required under oourt order or decree as the result of litigatioa (conveyance or transfer of tide ~j ~ or interest resulting from death of fust party, or any of the first parties, if more than one. excepted), without the written i~ ` consent 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 fust party, all sums of money secured hereby shall become due and payable and in default immediately and ~I concunendy with such conveyance or transfer, whether the same are so due and payable and in default by the specific terms hereof or not. ' 16. This instrument is subject to the Federat Farm Loan Act and all acts amendatory thereof and supplementary ~i thereto, and reguladons issued thereander. 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 success~rs and assigns of second party, and by any agent, officer, attomey or representative of seoond party, its successors or assigns. All obGgations of, and ;j a~signments by, fust party herein and hereunder shall extend to and be binding upon the heirs, executors, administrators, t successors, and assigns of fust party. jf SEE PARAGRAPH BELON, ( IN WITNESS WHEREOF, fust party has hereunto set his hand and seal (and if fast party is or includes a F corporation it has caused these presents to be executed and its rnrporate seal to be hereto affuced by its proper officers ~ ihereunto first d'uly authorized), this day and year Pust above written. Signed, Sealed, and DeGvered in ihe ptesence of: - ā€ž j ~i ~ ~ ~ ~ `i , % ~ ' ~ . ~6 ' - ~ ~ (SEAL) ij . , ~ ' - (SEAL) , ~ - ~ ~I ~sE~.~ ~ 'i {SEAL) t i ~ ~ ' (SEAL) \ I , - (SEAL) 17. Firat partq will coa+ply ~rith all the terms and conditions of any instru- i` ment heretofore ar hereafter executed by firat party in connection ~rith the loan(a? ;i secured by thie securitp inatrument. ~I ~ { j 1 ~o~ ~8 j~,. 79 ' 1 - - - - - j - - - - N~ • 'f 'h #~~~''°"sā€ž-.a~'~~,c~a~'~~-r ~ r'~"` y . .r ~ .e ~ ' . S~ ~ `;F "~a',~ ~`4~ a.n . ~i'~~u3~~~. ~ ~ - . - ~ _