HomeMy WebLinkAbout0753 to the institution of said suit or action. "Come into existence"
and "coming into existence" shall, for the purpose of this mortgage,
mean bloom in the case of crops from perennial plantings and orchards,
and shall mean planting in the case of crops from annual or more.
frequent plantings. Nothing herein contained, however, shall oper-
ate to subordinate the lien of this mortgage as affecting trees or
other perennial plants but shall so operate as to the crops har-
vested therefrom.
TO HAVE AND TO HOLD the above granted and described premises
unto Mortgagee, its successors and assigns forever.
Mortgagor hereby covenants that Mortgagor is indefeasibly
seized of the Mortgaged Premises in 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 times to peaceably and quietly enter
upon, hold, occupy and enjoy all of the Mortgaged Premises; that
the Mortgaged Premises are free from all encumbrances except as
aforesaid; that Mortgagor will make such further assurance to
prove Mortgagor's fee simple title as may be reasonably required
and that Mortgagor will and shall fully warrant and defend the
title to the same unto Mortgagee against the lawful claims and
demands of all persons whomsoever;
PROVIDED, ALWAYS, and these presents are upon the express
condition that if Mortgagor shall pay unto Mortgagee the sums of .
money as provided in the promissory note aforesaid and any exten-
sions or renewals thereof and interest thereon, at the time and
in the manner therein provided, whether 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, bargained, sold and conveyed shall cease and determine;
otherwise these presents shall be and remain in full force and
i effect.
And Mortgagor hereby jointly and severally covenants and
~ agrees to and with Mortgagee as follows:
s
j 1. To pay all and singular the principal and interest and
the various and sundry sums of money payable by virtue of said
promissory note and this mortgage, each and every promptly on
~ the days respectively the same severally become due.
2. To pay all and singular the taxes and assessments at'
any time imposed, levied or assessed on the Mortgaged Premises.
or the indebtedness secured hereby, or the Mortgagee's interest
in the Mortgaged Premises before they become delinquent. Tax
receipts shall be placed in the hands of Mortgagee within ten
(10) days after payment.
3. To keep the Mortgaged Premises other than land contin-
uously insured against loss by fire and such other hazards as
r may from time to time be requested by :dortgagee in companies
and in amounts in each company as may be approved by and be ac-
ceptable to Mortgagee; all insurance policies shall contain the
~ usual standard mortgagee clause making the loss payable, with- •
out contribution, to Mortgagee as its interest may appear, and '
shall be delivered promptly to and held by lortgagee. Not less
than ten days in advance of the expiration of each policy, to
deliver to Mortgagee a renewal thereof,. together with receipt
for the premium of such. renewal. The proceeds of any such in-
surance or any part thereof may be applied by Mortgagee at its
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