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HomeMy WebLinkAbout1626 i _ _ ~ _ ~ J ~ ~ } , growing upon the said mortgaged premises at the time of filing wit fot foreclosure hereoi and thereaifter, and aU of the renta. iiwea, and profit: of the said mortg~ged premises unpaid and unrnllected at the tuix of filing suit [or foreclo:uro hereof and thereaCter, and upon filing suit for foreclosure, or at any time thereaftet, second party shaU be entitled to have a reaiver appointcd to take chuges oC the said mortgage, premises and the crops sown or growing thereon, together with the said renta, issues. and profita arising therefrom snd hereby aasigned, and hold the same uibject to 1he order and direction of the oourt. 10. First party cov~enanta that he will not pedorm any act which might impau or tend to impair the continuation on the property herein described of all crop allotments and acceage allotme~ts now establiahed or hereafter eatablished on any of the properry herein described. I1(a). M the event s~oond puty becomes a party to any legal proaeding (excluding an action to foreclose thia ! mortgage or to ooUect the debt hereby aecwed), involving this mortgage or the premisea described herein (including but not limited to the title to the lands desctibed above), second party may also recover of first party all oosts and expenses reuonably incurred by the mortg,agee, including a reasonable attorney'a fee, which costs, expensea and attaney's fee when j paid by second party shall become a part ot the debt secured hereby and shall be immediately payable upon demand, and sl~all draw interest irom the date of advana by second party unt~7 paid at the highest rate provided in any note or other ~ ! inswment sscured hereby. 11(b). ln the ev~ent said debt, or any put thereof, is ettablished by or in any actiotr for foreclosure of this mortgage, . second patty may also recov~er of fustput y, in addition to the said debt or so much thereof as shal! be unpaid, a reaaonsble fee for the attorney of second party [or professional services rendered in such action, such fee to be incorporated in the ~ decree of foreclosure in such action. ;i 12. First puty shall hold and enjoy the said premises unW default in payment of any of the installments as provided 1 in said note or other instrument aecured hereby or a breach of any of the cov~enanta or oonditions of said note or other insUurnent secuced hereby or this mortgage shall be made; however, any agent or employee of second party or any person designated by second party msy enter upon said pnmises at any time for the purpose of inspecting same or for any other " pwposes desired by seoond party. 13. All amounta that may hereafter be awarded for condemnation of, and waste and tortious injury to, any of the ~ property henby encumbered are hereby assigned and ahall be payabk unto eecond party for application. after payment therefrom of attorney's fees and exper~es incumd by fuat party aad by mevond party in oonnection therewith, on auch part of the indebtedness secured henby as sec~nd part~+ may determine, with no duty on seoond puty to collect sazr~e. 14. First partX agrees aa a condition hereof that all obligptions, assignmeats, releases of real property and/or peraonal liability, reamortizations, renewals, deferments, exteasions or any other agreement, in writing, made by any one or more of the puties herein dasignated as fust party with seoond party are hereby suthoriud and consented to by all parties herein ; designated as fuat puty and shall extend to and be binding upon the heirs, executon, administrators; sucoessors aad assigns of all the parties herein datignated as first party. 15. Fir:t party agrees as a condition hereof that if a conveyance should be made v~oluatarily by first puty (or by any one or mon of the puties datignated herein u first puty) of any titk or interest in and to the resl progerty described abov~e, ` o~ any part thereof, without the written consent of the lawful holder of thia mortpge, or if such dde or intenst of fust party . (or of any one or mon of the putiea designated herein aa tLat puty) is involuntarily conveyed or transferred aa the result of foreclosure of a junior lien or is requind under oourt order a decree aa the result of litigation (oonveyance or transfer of tide ` or interest resulting from desth of fust party, or any of the fust parties, if more than one, excepted), without the written ii consent of the lawful holder of this mortgage, then and in either of said eventa, and at the option of aaid holder, and without ;j noticx to the firat party, all su~ of money secwed henby shall become due and gayabk and in default immediately and i concurrendy with such conveyana or tranafer, whether the sarne are so due and payabk and in default by the specific tern~s ; hereof or not. 16. 'IT~is instrument is subject to the Federal Farm Losi? Act and all acts amendatory thenof and supplementary Lo ? therato, and regulations issued thereunder. All rights, powers; privileges, options and remedies and rights allowed by law, may be pursued concurrendy, and ahall extend to md may be exercised and enjoyed by the successors and assigns of second party, and by any ageat, officer, attorney or representative of secoad party, its successora or aasigns. All obli$ations of, and `~I assignmenta by, fust party herein and hereunder shall extend to and be binding upon the heirs, executors, administraton, ; sucoessors, and assigns of fust party. ' ~I S8E PARAGRAPH BBL0~1 ! ~ IN WITNESS 11NHEREOF, first p~rty has hereunto set his hand and seal (and if fust party is or includes a ' ,j corporation it has caused these presents,]yo be executed and its corporate seal to be hereto affixed by its proper officers ~ ; thereunto first d'uly suthorized), this day and year first above written. s I I Signed, Sealed, and Deliv~ered , ~ in the presence of: 1 , ~ / ` ~ ~ ~ .~G~/WL t ~ ' (SEAL) } i ~ • c:- ~-l/G~C~P ~ I1a . I,~'-q~ (SEAL) ; 17 ~ Firat party ~+ill comply ~rith a11 the (SEAL) terms and conditioas of anq iastrum~nt I heretofore or 6ereafter executed by firat (SEAL) party in conaection with the loaa(s) secured I by thie securitq instrument. ~ ~ (SEAI,) ~ i ~ I/ ~ (SEAL) ~ ~ , w~ , ~ i ~ ~ i = ~ ( . ' ~ , t ; ~ ~~217 ~1618 . ; ; . - - ~ ~ , ~ ~ ~ ~ ~ ; ° ~ ~ ~ - _ ~v~_~.~__ . ~ _