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By agreeaent of Mortgagor and lortgagee on file with Mortgagee,
the within Mortgage secures not only an existing indebtedness, but
also MYAMGES to be HEREAFTER •ade by Mortgagee to Mortgagor the aq-
gregate of ~icti will equal the principal aeount specified in the }
promissory note secured hereby. -
. TO HAYE A~ TO HOLD the sane, together with all and singular
the Newts, heredita~ents and appurtenances thereof, including i
all fixtures and articles of personal property owned by ~artgagor
not or at aNr tii¦e hereafter attached to or used in arRy way in con- ~
neztion rith the use, operation and occupation of the above described
real estate, and aru? and all buildings and iaproveraents now or here- ~
- after erected-thereon; such fixtures ar~d-articles of~personal pro- ~
party including, but witiaut being iiirrited to, all screens, awnings,
storms windbws and doors, window shades, inlaid floor coverings, shrub- ~t
Berle, plants, boilers, tanks, furnaces, radiators, and all heating, -
lightin4, plu~bing, gas, electric, ventilating, refrigerating, ir- .
rigating parer, air-conditic?ning and incinerating equipoent, systems,
and appliances of rhatsoever kind and nature,.all of which fixtures
and articles of.Rersonal property are hereby declared and shall be
deemed to be fixtures and. accessory to the freehold and a. part of
- the realty as betreen the parties .hereto, their successors, legal.
representatives and assigns, and all persons claiming by, through
- or under then and shall be deemed to be a portion of the security - - - -
for the mortgage, and TOGETHER PITH ail rents, revenues, issues, pro-
ceeds and profits of the above described property, and also all the
estate, rift, title, interest; property, possessions, claiat and de-
mand rhatsoever as well in lair as in equity of the said mortgagor
of, in, and to the same and every part thereof unto the-said ~rt-
gagee and its successors and assigns forever. ~ ~ - -
i1ND the mortgagor does hereby covenant. with-the Association-that
it is indefeasibly seized of~said land in-fee siwple; that it-has full
- paler and Jarful right to conve,~..said land in fee simple as -aforesaid; _
-.that it shall be lawful for the Association at ail tines peaceably and
quietly to enter upon, hold, occupy and enjoy said land; that-said -
land is free from all encu~brances;.that-it will hake such further
- assurances to perfect-the fee sieple title to said land in the Associa-
tion as nay reasonably be required; and that it does .hereby fully warrant
-the title to said land and will defend the sane against the lawful claims
of all persons who¦rsoever.
PROYIOEO ALi1AYS that is the mortgagor shall pay unto the Association
_ the principal indebtedness evidenced by that certain promissory note of
even date herewith, maturhng July l4, 1981, made by the mortgagor and-
- payable to the Association-in the principal sun of ~I,087,5QO.O0,-the -
inter+est in said note stated, said principal sun bei~~g payable a*. matur-
ity and interest being payable in monthly installments beginning March -
10, 1980 and shall perfors, comply with and-abide by each and every _
the stipulations, agreeirents, conditions and .covenants of the promissory
note and this mortgage, then this mortgage and the estate created hereby
shall cease and be null. and void.
-AMD the vortgagor does hereby covenant. and agree: - -
l. To pay ali.and singular the. principal and interest and other._
sus of araney payable by virtue of said promissory note and this
®r-tgage, or either, on the days respectively and same severally be-
came due=
7o pay all and singular the taxes, assessments, levies, 1i-
abiiiti~s, obligations and encu~brances of every nature on said described
- property wren due and payable according to law, before they become de-