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AItTICLI: I
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P~ATICUIr?It CO~E:iANTS O~ TIIE 11IOR?OAGOA
TLo Dlort~aoor corcnants and aorecs as follo~~•s: ~
SFC::ov ].Ol. Tl~e :1Torfaa~or ~r~rrant~ ti~at it i~ns a~oocl :?nd .
_ markett~bl~ title to an in~l~fe:isil,le fce est:~ic in the Premises subject to ~
no lien, cl~ar~c or encu~uln•:tnce excepl, such as are li~lca 1s ecceptions ~
to titlc in iLc title l~olicy i~i~uri~i, thc licn of tliis ~lortb:ire; tlrit it ~rill ~
owu thc Ch.?llcls frce and cl~ar of liciis aud claims; un~i tliat ~Lis ~
~ - Iliortaabc is :u~~ «ill rcu~:~in .i ~;ilicl a~i~ e~~forccaLl~ fir~t ]icii on tl~o =
Dlorto:~~c~l 1'ropcrtS• suhject only to ihc escc~~tions refcrrcd to ~bo~•c. ~
Tuo D[ort~,:~~or h:?s tuil pr,~~-er vui la~~•fi~l ciulliority to mort~a~e tho #
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11lortaaoc~l 1'rupcrty in lhc in:inncr ai~~i forizi 1?crcin ~loue or iutc~uled ~
I hereafter to bc ~lone. TLc \iorl~a~or ~rill prescrve such titic, 1nd
~ will forevcr ~varrant ~nd defen~l the saiue to the \iortb:~~ce and ~~ill 3
r forever lrraut an~i clcfciul tLc ~=:ili~lit~• ;incl priority of llic licn hcrcof
E against tLc claims of all pcrsons aud parties ~rLoinsoc~ cr. '
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~ SECTIO.T 1.02. Thc ltort~anor ~ill, zt ilic cost of tlic ~fortoa~or,
~ and a itl~out expc~~se to tl~c _llort~a~cc, do, esecute, ~ekno~~•led~e Ai~d
a deliver all and_ c~-er~• sucl~ further :~ets, ~lcecl~, conreyaneeti, iuoct,a~es,
~ assisnmeuts, nolices of assi~unent transfcr ~?nd assurances as the
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~ ~iortaagce s1i111 from timc to tin~c~ccluirc, u the bcttcr assuri»b, . '
~ convesina, assioninj, transfcrrin~ and confirmin~ unto tl~e ~Iortaaoce
~ the property :~nd ri?Lts l~ereby conveyecl or a~ssigned or iutencled no~v
~ - or hereufter ~o to be, or ~ti•h~c Jlort~~~or may bc or m~y hercaftc: .
~ beco~ue Lou«~l tu ~~iivey or •~i~u to li~c ~Iort~a~ec, or ior carr~~i~ib ;
. out the inteiitio~~ or facilitltin; the performance of tl~e terins of tLis `
~ 1liort^'~mC or for fili~i~ re~istcrinn or recordin~ tliis llort~a•~c ~I1CI
a a~ a~ a o a a c ~
~ on demancl, ill e~ecute aua clcliccr, and hcreby authorizes the Jiort-
ga~ce to esecute in tl~e namc of tLe \Iort~a,or to tl~c ettent it may
_ la~vfully do so, one or more Snai?cit~~ statements, cl~zttel mortal~CS
or comparabl~ sccurity iustruments, to e~ idcuce morc clTectivcly the i
lien hereof upon the CLattels. ,
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