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growing upon the said mortgaged premises at the time of flung suit for foreclosure hereof and thereafter, and cell of the rents,
issues, and profits of the said mortgaged premises unpaid and uncollected at the time of filing suit for foreclosure hereof and
thereafter, and upon filing suit for foreclosure, or at any time thereafter, second party shall be entitled to have a receiver
i appointed to take charge of the said mortgage premises and the crops sown or growing thereon, together with the said rents,
issues, and profits arising therefrom and hereby assigned, and hold the same subject to the order and direction of the court. '
i~ 10. First poly covenants that he will not perform any act which might impair or tend to impair the continuation on
the property herein described of all crop allotments and acreage allotments now tatabiiahed or hereafter established on any of
the property herein described.
11(a). In the Brent second party becomes a poly to any legal proceedeng (excluding an action to foreclose this
~ mortgage or to collect the debt hereby secured), involving this mortgage or the premises described herein (including but not
.limited to the title to the lands described above), second party may also recover of first party all costs and expenses
reasonably incurnd by the mortgagee. including a nasonabk attorney's fee, which costs, expenus and attorney's fee when
paid by second poly shall become a put of the debt secured hereby and shall be immediately payable upon demand, and
shall dew interest from the date of advance by second poly untU paid at the higheri ate provided in any note or other
j. inswment second hereby.
II 11(b). to the Brent said debt, or any put thereof, is e:tabWhed by or in any action for foreclosure of this mortgage,
I, second party may also recover of first poly, in addition to the said debt or so much thereof u shall be unpaid, a reasonable
j~ fee for the attorney of second party for grofessional services rendered in such action, such fee to be incorpontcd in the
decree of foreclosure in such action.
12. First party shall hold and enjoy the said premises until default in payment of any of the installments as provided
in said note or other inrirurrrent secured hereby or a breach of any of the covenant: or conditions of said note or other
it instrument secured hereby or this mortgage shall be made; however, any agent or employee of xcond party or any person
designated by second party may enter upon said premises at any time for the purpose of inspecting same or for aey other
~ purpose: desired by second party.
13. Ali amounts that may hereafter be awuded for condemnation of. and waste and tortious injury to, any of the
property hereby encumbered ue henby assigned and shall be payable unto second poly for application, after payment
therefmm of attorney's fees and expenses incurred by fast party and by second party in connection therewith, on such put
of the indebtedness secured hereby u second puty may determine, with no duty on second puty to collect same.
14. Firri party agrees as a condition hereof that all obligations, assignments, releases of real property and/or personal
liability, reamortizations, renewals, deferments, extensions or any other agreement, in writing, made by any one or more of
!I the parties herein designated as furi puty with second poly ue hereby authorized and consented to by a8 parties herein
designated ai fast party and shall extend to and be binding upon the heirs, executors, administrators, successor and assigns
of all the parties herein designated as fiat puty.
j IS. First party agrees as a condition hereof that if a conveyance, kale or other disposition should be made
voluntarily by fiat poly (or by any one or more of the pubes designated herein u Cust party) of any title or interest in and
'j to the real property described above, or any part thereof, without the written consent of the lawful holder of this mortgage;
a if such tick or interest of fast poly (or of any one or more of the polies designated herein as fast poly) is inroluntuily
conveyed or transferred as the result of foreclosure of a junior lien or is required under Dour[ order or decree u the result of
litigation (oonreyance or transfer of title or interest resulting from death of fast party, or any of the fast pubes, if more
than one, excepted), without the written consent of the lawful holder of this mortgage, then and in either of said events, and
at the option of said holder, and without noticx to the fast poly, all sums of money secured hereby shall become due and
payable and in default immediately and concurrently with such conveyance, transfer, kax or other deposition, whether the
sane ue so due and payable and in default by the specific ten^re hereof or not.
16. Second puty shall have the right, exercisable at its discretion so long as this mortgage is in force and effect, to
demand in writing the assignment of and transfer to xcond poly, its successors and assigns, and furi party hereby agrees to
so assign and transfer, any and all rents} profits, royalties, income or other consideration to be paid or accruing to first party
' from any .oil, natural gas, mineral, timber, kasehoW or other interest of any kind and nature whatsoever, derived from,
connected with or affecting the within descnbed rwl property but not otherwise subject to, conveyed and/or secured by this
mortgage, with the right of, but no duty upon, second party, its successors or assigns, to collect same.
j 17. First party will comply with all the terms and conditions of any instrument heretofore or hereafter executed by
! fast poly in connection with the loan(s) secured by this mortgage.
18. A default under this instrument or under any other instrument heretofore or hereafter executed by-first
;j party to second party shall at the option of second party constitute a default under any one or more or all instruments
~ executed by first party to second party. -
19. If firri putt' (or either of them, J more than one), his heirs, successors or assigns, or any assumer of the
indebtedness hereby secured, files a petition in voluntary bankruptcy, for receivership, for corporate reorganization, or for
other debtor relief of any chuacter or kind, or is adjudged a bankrupt, then and in the event, and at the option of the second
party, its wccessors and assigns, the second party, without notice to the first putt', shall have the right to declue all sums of
money secured hereby immediately due and payable and in default whether the same are so due and payable and in default
by the specific terms hereof or not. -
20. This instrument is subject to the Farm Credit Act of 1971 and all acts amendatory thereof and supplementary
thereto, and regulations issued thereunder. All rights, powers, privileges, options and remedies conferred upon and given to ~
second putt' an cumulative of all other remedies and rights allowed by law, and may be pursued concurrently, and shall
extend to and may be exercixd and enjoyed by the successors and assigns of second party, and by any agent, officer,
attorney or representative of second party, its successors or assigns. All obligations of, and assignments by, fast putt' herein
and hereunder shall extend to and be binding upon the heirs, executors, administrators, successors, and assigns of first party.
~~,.;~n:~~,.,
IN WITNESS WHEREOF, first putt' has hereunto set his hand and sea! (and if fast putt' is~tKfi~~l~d
corporation, it has caused this instrument to be executed, sealed by its corporate xal and delivered by rte' duly .
officers), this the day and year furi above written. G~ : ,
C f- b./ ~i f
t ~
(CORD . ~ ~ ~ h `o
Signed, Sealed and Delivered 7 ;
pr senor of: W ~ W CO. , INC . -i • . J ~ ^I `
r ld W President ~ ' ' (S~L)
~ _ (SEAL)
e (S~)
e n, Secretary-Treasurer
i (SEAL)
i '
~ (SEAL)
8~'~ 322 QacE 21? (SEAL,
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