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~ ''Sr:c•r~ox 1.03. (a) Tl~c Atorlgasur fortli~vitl? upon El~c oxecution
• aind acli~cry of tl~i. \Iortoasc, an~l tl?crcaftcr iroui iimc lo iimc, ~t•ill ~
• ~ ettu~c tliis llorl_:i;;e :uul an}• secttrily iu•lrumci~t crellin~ a lien or
~ evidcucin~ tl~c licu hrrcof upoii lhc Cliattcls au~l encl? inslrument of
' ~ furll~cr s~.~uruiice tu Le filc~l, rc,ititcrc~l or r~•cor~lc~i in su~li ~iianncr
and in such pl:tc~s t?5 uu~y be re~~uired by ~uy present or futuro luw .
in ordcr to publisli »oticc ot u~id iully to pro~ec~ tlic licu Lcrcof upon, :
8nd tLc intcrest oC ltic \Ioclo:~ae~ in, lhc J~Iortdabcd 1'ropcrty. ~
(b) Tlic D~iort~a~or ill p1y :ill Iilin~, rc~istration or recordino i'
fees, and all espen~~~ti ii,ci~leiit to tl?c esecution a~«1 ack~io~~lcaoniieut ~
''s
of tLis 1[ort~:~oc, a~~~ iuorto:?~c ~u}~l~lc~t~cutal I~creto, auy sccurity ~
instrument ~ritL respecL io iLc l:L:~ttcls, and a»y instrunient of furtt~cr ~
assurancc, ancl atl fc~lcr:il, sl:~tr, couut~• and nnmicipal staiup t~scs
; snd otLcr tases, dutics, iu~post,, :I,SC~S111ClltS ~11(I CI1ST'bCS ~Ti~llla out. ~
; of or iu cotmectiou iUi tl~c c~eculio~i ar.d dclivcry of tlic iVotc, iliis Y
;
~ , MOI'ta1aC~ any niorto.~~c supplc~uci~t.il hcreto, :iny securify instru- '
; ment ~rith respect to tLc CLatlcls or any iiistrumcut of furtLcr
~ assuruuce. _ ~
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€ SECrios 1.0#. Tl?c ~Iortattbot• ~~•ill punetu~111y p.~y thC principal
~ and intcrest and all othcr sums to l~ecomc duc iu respect of thc ~Tote
~ at the tirue a~id place a~i~l in tlie ~naniier specified iii the ~tote, according
~ . to thc truc ii~tcat and meauinb tl~crcor, all in suy coin vr currciicy of
~ the Uuited Si~tes of :liiieric:t ~ iiicli ~t the tiiue of such p~~ ment sLall .
~ bo lcaal tendcr for thc pa~ucnt of puUlic and privatc debts. .
~
~ BECTIOY 1.05. The :~fort~aaor, if a corporation, ~ill, so long as
~ it ie o~ner of the ;l[ort~a~ed Yroncrtr: dn ~Il thin~s neces~:~ro t~ rr~_ .
~ serve nnd keep in full force and effect its esistence, francLises, rights . '
~ and pririleoes as u business or stock corporation under tLe lan s of . ;
~ the state of its incorporation and ill comply ~vith all re~
ilations, ~
~ rnlcs, ordinances, statutes, orclers and decrces of any ~ovcrnmental
~ , snthorits or conrt upplicable to tLe llort~abor or to tl~e liortaased
- ~ Property or uny part thcrcof.
SECriox 1.OG. ~.11 ri~ht, titlc a~id interest of tlie ~Iortaaoor in und
~ tp all eztensions, improvements, bettcrments, renc~vals, substitufes and ,
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