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Home My WebLink About0874 a growing upon the raid mortgsed promises at the time o! filing salt for foredosure hereof and thereafter, snd aU of the renu, issues, sad profits of the said mo d promise unpaid. and uaooUected at the time of fUina suit for foreclosure hereof and ' therafter, sad upon filing suit foi foreclosure, or at say time therwfter, second party shall be entitled to have a receiver appointed to take charge of the said mortgage premises and the crops sown or growiaa thereon, together with the said rent:, issues, snd profit arising therefrom and l+er4by asrigrted, and hold the ssrtte subject to the order and direction of the court. II 10. Fist poly eovanant: that, he will not perform say act which might impair or tend to impair the cotttinwtion on the property herela described of all crop allotment: and acreage allotments now established or hereafter established on any of the property herein described. 11(a). In the event second. party become: a poly to sny legal proceeding (exduding an action to foredose this mortgage or to collect the debt hereby secured), involving this mortgage or the premises described herein (including but not lu~tited to the title to the lands described above), second party may also recover of first party alt costs and expenses reasonably incurred by the mortgagee, including a nasoaabk attorney's fee, which costs, expenses and attorney's fa when paid by second poly shall become a part of the debt secured hereby and mall be immediately pzyable upon demand, and shall dttw interest from the date of advance by second party untt~ paid at the highest rate provided in any note or other instrument secured hereby. 11(b). la the event said debt, or say part thereof, k established by or in any action for foredosure of this mortgage, j second party may also recover of first party, m addition to the said debt or ao much thereof as dull be unpaid, a reasonaby fee for the attorney of second party for profe~ional service: rendered in such action, such fee to be incorporated in the decree of foreclosure in such actin. ~ 12. First poly shall hold and enjoy the said premises until default in payment of say of the installments as provided ! ~I in said note or outer trtstnttrtent secured hereby or a breach of any of the eovenaata or condition: of said note or other ~ iruvument secured hereby or this mortgage shall be made; however, any sgent of employee of second poly or any person 1 1! designated by second party may enter upon said premises at any time for the purpose of inspecting same or for say other I purposes desired by second party. ' 13. All amount that rmy hereafter be awuded for condemnation of, and waste sad tortious injury to, any of the property hereby encumbered ue hereby sssigaed sad shall be payable unto. second party for appliation, after paynteat therefrom of attorney's fees and expenses incurred by first party and by second party in oonaectioa therewith, on such put ' of the indebtedness secured hereby as second party may determine, with rto duty oa second puty to collect same. it 14. First party agrees at a condition hereof that all obligatioru, assignrrteats, releases of real property and/or personal liability, reamortizations, renewals, deferments. extensiort: a any other agreement, in writing, made by any one or more of it the polies t~reia designated as first puty with second party ue hereby authorized and consented to by all polies herein ,f designated as first party and shall extend to and be binding upon the heirs, executors, adminisvators, sttcixssors and assigrts !1 of all the parties herein designated as fast party. 15. First party agrees ss a condition hereof that if a conveyance, lease or other disposition dtould be made voluntarily by first poly (or by any one or more of the parties designated herein as foal party) of any title or interest in and l to the ral property descn~ed above. or any put thereof, without the written consent of the lawful holder of this mortgage, a if such title or interest of fort party (or of any one or more of the polies designated herein as first puty) is involuntarily ooaveyed or transferred as the result of foreclosure of a junior lien of is required under court order or decree as the te:ttlt of litigation (conveyance or transfer of title or interest resulting from death of fast puty, or any of the lust pubes, if more than one, excepted), without the written consent of the lawful holder of this mortgage, then and is either of said events, sad at the option of. said holder, and without notice to the fast puty, all sums of money secured hereby shall become due and 'I payable sad in default immediately and concurrently with such conveyance, vansfer, kale or other disposition, whether the sate ue so due and payable and in default by the specific temu hereof or not. 16. Second party shall have the right, ~xercwble at its discretion so long as this mortgage is in force and effect, to j demand in writing the assignment of and vansfer to second party, its successors and assigns, and fuel poly hereby agrees to ' i so assign and transfer, any and all rents,. profits, royalties, income or other consideration to be paid or accruing to fastarty ~ II from any ot7, natural gas, mineral, timber, leasehold or other interest of any kind and nature whatsoever, derived nom, j ~ connected with or affecting the within described real property but not otherwise subject to, conveyed and/or secured by this mortgage, with the right of, but no duty upon, second poly, its successors or assigns, to collect same. ~ 17. Firrt puty will comply with all the terms and conditions of any instrument heretofore or hereafter executed by !i first party in connection with the ban(s) secured by this mortgage.. 18. A default under this instrument or under any other instrument heretofore or hereafter executed by first { party to second party shall at the option of second party constitute a default under any one or more or ail instruments I ~ executed by first party to second parry. 19. If fast poly (or either of them, if more than one), his heirs, successors or assigns, or any assumer of the # 'i indebtedness hereby secured, files a petition in voluntary baakrupiry, 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 poly, its successor: and assigns, the second poly, without notice to the first party. shall have the right to declare all sums of money secured hereby immediately due and payable and in default whether the same ue so due and payable and in default by the specific terms hereof or not. 20. This instrument is subject to ttu Fum 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 poly are cumulative of aU other remedies and rights allowed by law, and may be pursued concurrently, and shall extend to and may be exercised and enjoyed by the successors and assigns of second party, and by say agent, officer, attorney or representative of secatd party, its successors or assigns. All obligations of, and assignments by, fast party herein ' and hereunder shall extend to and be binding upon the heirs, executors, administrators, successors, and assigns of fast party. IIV WITNESS WHEREOF, first party has hereunto set his hand and seal (and if fast party is or indudes a corporation, it has caused this instrument to be executed, sealed by its corporate seal and delivered by its duly authorized offuxrs), this the day and year fast above written. Signed, Sealed and lelivered ~ the pr Sena f: ~ - (SEAL) D. K. Rich _ ~ G~ (SEAL) rie H. Richardson ' (S~-) _ s I (SEAL) (SEAL) 1 ~ BOOKJGU PMGE H?2