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Home My WebLink About0208 Tr y~~ -~~w~-~=V~ t~e ~art~es aarae t~:at upon any deVeiop- _ i~• r~~r MW Vr~~~w • _ . . ~ .;,.::.t p1Gn er.co:n~usses all t'~e land ur.~er ~his :r.ortgage t.`~at partial ra:.aas.:s shall ba gra;ttea :.o all con~i5uous lands~ at the rate r.erzi;~ ~:,2;,~;;;;~~J2~a,. c3~ 'L:8 S0~8 CZ1SCr8~l0:~ 0.~. t'.Y`.v :r~O~tgagor proviced 110~ :T'~Ol'8 w.a:~ Sa b o~ roadway iro:.ta~e shall be pa: tially released by a aept.'~ . o:: u00 reet u:~til ~.'~e ba~ance of the rer.k.i:~ir.g pro~erty under r?.ortgage F :zas baa:~ paid and re~essed i: full. Tr.a inte:~t o~ this alternat:.ve ? r.:~ease is to per.:.i~ ra:.dom contigLO•.~s raleases at r•?ortga5or's nis- ~r~~~on. ~n : iie eve:.t o~ default ~`~e zr?or ~ga5ee or their ass igns Lnder ~:,a ~i-rst ur.darlyir.g : or:.gaqe ~ua ~tie Federal Lar.d Bank and accelera- ~ioa o:: : i".e er.tire a:; oL:~~ `.::Ze Buyer s;zal.l have the cu.-nulative rig; t ~O .;~aka paynent O.y. a~y 5~+:..5 4'~ue u`id~r tr.e ~1rSt TriO~tgar~. e d:~G Cr@G~'t s ar.;e pro-ra ~a agair.s ~ s econd :..ortgage and/or mort5ages betwaea i'c.e , ?a~ :.ias . _ Jpoa requesz a:.G tender o~ pre~ay~nent and partisl releases ~::~der ; ~ ::i;::.e~ ~orr:.ula ciescri'aan, the .~.ort5agor sha12 be entitlen to release s :he f irs t :.zortsa5e ~ ~r. cc:.si~era~ion o~ $0,000 per acre o:: laaas Lncer ;,;r~~~;. ~E:~ere;.C@~ a:.G 1S SE:COTIC~ :~.0~ ~~`j~?gee sha12 US@ tneir A@S~ ; 3~~0~ ~S ~:;:UO :~eC1L:vS :O O'D~al:1 1C18:1~1Ca1 releases and i~CO;d 't.:@ j ; , + ~ ~ ~ :.O'~Cv ~c'~ :4~ E:..r.2C'C ::•8 Ll: G@r'1~ i: g il :aSS1L~.eC~ ~l..St :710r..ga5e o:.n saa~3. f ~ ' ~ ::.c.iv Uu`j~+~2:. : 0= Sl:. SL'.:5 GL'v iOr pa:tia~ -releases t0 tt]@ il.z'S ~ ~ ~ :»J't:.5uge i~0:1 ~e p2'L c.C~2 Jart:a~ release SUTi ter.dered. .[A@ ~ ; ~ s ~ ~2:.:. O i ~.:.0 $ o~ 4 ~er acre raleas e s::all -releas e des i5naten ~ iG;.u ~--o~;~ bo~a r,.or~gages by ~.e aforasaid prepay.:?ent and release s ~ _ ~ 3 ~or,;;w~a wi`~'r.out fur~: er cor.sideration. # ~ ~ ~ : ~ ~h~~:,pATO~Y CLA~S~ - ~ +t is agreed by aad betw~een :'r.e parties tnat the sole secuzity ~...,.+-~arP ~ha12 be tc.e real ~y ~oy ~epsy: ~en~ a:: ~~+s z:ortga5e no~a a;..:. ..y~~- 1 COV2~2C'i :.e'reur.der G:.C~ ~11G nar~~es agrea :.S'2a't t++E' mortC~c'.CjO~ snal : ~ ~ . . c t Li Oi G2a~.aUlt~ ~ ~e ~ersonally ~ia~le ncr sub~ect ~o de.icie..cy ~u r,men p ~ ~ ~ , ri • ~ 3 i,~'~ . j`~V • ~F _ - - . _ - . - - - F,~:~ 2A7 ~ G ~ 235 ~ 6L'~; ~ ~ . ~ . ~F ~ - _