HomeMy WebLinkAbout1584 k~l1I:R1:AS, thc I.r.nder ~1nd l;orrow~r h~vc mutually agrec~d rhat:
1. All oL nc~ l~roperty cleseribed in those Mortgages cieseribecl
herein in Paragraphs a, b, c and d sh111 be pledbed as
additional collateral for tha~ Mortsage described herein in
Paragraph e and that all o£ the property descriUed in that
Mortgage described herein in Paragraph e shall be pZedged
as additional collateral foX those Mortgages described herein
' in Paragraphs a, b, c and d and that lien of those Mortgages
described herein in Paragraphs a, b, c and d shall Ue spread
to include that property descriUed in that Mortgage describcd
herzin in Yaragraph e and that the lien of ~hat Mortgage
described herein in Paragraph e shall be spread to include
that property describec; in those Mortgage s descriUed herein
in Paragraphs a, b, c and d. .
2. The liens created by this document shall only be foreclosable by
" Lender at the time that the Mortgage described in Paragraph e
or the Note given in connection therec~itY: mature~, is declarAd
to be in default by Lender or is repaid, which ever occurs first.
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j NOW, THEREFORE, ir~ consicieration of Ten and NO/lUOths
k
Dollars ($10.00) and other good and valuable consideration and for
the pui-pose of carrying out the intention above expressed, Borrv~aer
and thc Lender hereby covenant and agree as follo~.~s:
1. All o~ the property described in those riortgages described ~
hercin in Para~;raphs a, U c and d shall Ue r~ledged as additional
collateral. ; or that r#ortgage described herein in P~ ;raph e
and that all of the pro~erty described in that Pi~rt~age de.scribed ~
herein in P1ra~;raph e sliall be pledged as aciditional coll~ ~eral
~C~T' ~~10~:~' i'.^,ltz;?~CS (~~'SCZ1~?~C'l ~ICI'elT2 in 1'a-r~~~raphs ct~ C?rit~ C~
~
a~~d t.hat. i;c~_: f•f- th~s~ i~~^rt~;.-~t;es cle~cribeu hc~rcir~ in Y-_r~.r,±_~~~~~1s
. ~a, b, c.:il:l d:;l~al;. I~e 5i;reac~ to include that pro~~~~rty desc:-ibf~ci :.t~
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B0011~ PAG~~ii~3`t .
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4r:w "~i ~ _'47 '
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