HomeMy WebLinkAbout0972 Mortqaqor does further mortgaqe, transfer, set over, assign,
and pledge unto Mortgagse all crops now qrowinq ~nd hereafter
grown on the Mortqaqed Premises, hereby qivinq and granting unto
Mortqaqee a first and prior aecurity intezest therein, provided,
however, that such security fnterest ahall be and iB hereby made
expressly subject and subordinate to any crop security interest
or crop mortgaqe encumberinq crops which come into existence prior
to the institution of a suit or action in a court af competent jur-
isdiction for foreclosure of this mortqage. Any such crop security
intereat or ctop mortqage shall not, however, be ~ security interest
prior to this nartqaqe on any crop coming into existence subsequent
to the institution of said suit or action. "Come into_exiatence"
and "comfnq into existence" shall,-for the purpose of this mortgage,
mean bloom in the case of crops from perennfal plantings and orchards,
and shall mean planting in the case of crops from annual or more
frequent plantings. Nothinq herein contained, however, shall oper-
ate to subordinate the lien of this mortgage as affecting trees or
other perennial plants but shall so operate to the crogs hsr-
vested therefrom.
TO HAVE AND T4 HOLD the above granted and described premises
unto Mortqaqee, its successors and assigns forever.
Mortqaqor hereby covenants that Mortgagor is-indefeasibly
seized of the Mortgaged Premises fn fee simple; that Mortgagor is
in actual possession thereof and has full power and lawful right
to convey the same in fee simple as aforesaid; that it shall be
lawful for Mortgagee at all timea to peaceably and quietly enter
upon, hold, occupy and enjoy all of the Mortgaged Premises; that
the Mortgaqed Premiaes are free from all encunnbrances except as
aforesaid; that Mortgaqor will make such further assurance to
' prove Mortgagor's fee simple title as may be reasonably required
! and that Mortqagor wfll and shall fully warrant and defend the.
I title to the same unto Mortgaqee against the lawful claims and
demands of a11 persons whomsoever;
PROVIDED, ALWAYS, and these presents are upon the express
condition that if Mortqagor shall pay unto Mortgagee the sums of
money as provided in the promissory note aforesaid and any exten-
sions or renewala thereof and interest~thereon, at the time and
in the manner therein provided, whethex in due course or under
any covenants or stipulations herein contained, and shall pay all
other indebtedness or liabilities secured hereby and shall well
and truly keep, perform and comply with all the covenants, agree-
ments and stipulations herein contained, then the estate hereby
granted, bargafned, sold and conveyed shall cease and determine;
otherwise these pre$en*_s ~hall be and re~ain in full forcE a»d
effect. ~
And Mortqagor~hereby covenants and agrees to and with Mortgagee
as follows:
1. To pay all and sinqular the principal and interest and
the various and sundry sums of money payable by virtue of said
promissory note and this mortgaqe, each and every promptly on
the days respectively the same aeverally become due.
- 2. To pay all and singular the taxes and assessments at
any time imposed, levied or assessed on the Mortqaged Premises
~ or the indebtedness secured hereby, or the Mortqagee's interest
in the Mortqaged Premises before they become delinquent. Tax -
receipts shall be placed fn the hands of Mortgagee within ten
(10) days after payment.
3. To keep the Mortgaged Premises other than land contin-
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