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Home My WebLink About0402 !I ii growing upon the said mortgaged premises at the time of filing suit for foreclosure hereof and thereafter, and all of the rents, issues, and profits of the said mortgaged smites unpaid and uncollected at the time of filing suit far foreclosure hereof and thereafter, and upon filing suit for foreclosure, or at any time thereafter. second party shall be entitled to have a receiver appointed to take chugs of the said mortgage premises and the crops sown or growing thereon, together with the said rents, issues, and profits wising therefrom and hereby assigned, and hold the same subject to the order and direction of the court. 10. First putt' 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 established or hereafter established on any of the property herein described. 11(a). In the event second putt' becomes a putt' to any legal proceeding (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 tint party all costs and expenses reasonably incurred by the mortgagee, including a reasonable attorney's fee, which costs, expenses and attorney's tee when paid by second party shall bernme a part of the debt secured hereby and shall be immediately payable upon demand, and shall draw interest from the date of advance by second putt' until paid at the highest rate provided in any note or other 1 instrurrtent secured hereby, ~ 11(b). In the event said debt, or any put thereof, is established by or in any action for foreclosure of this mortgage, ~ second putt' may also recover of fast party, in addition to the said debt ar so much thereof as shall be unpaid, a reasonable fee for the attorney of second party for professional servicss rendered in such action, such fee to be incorporated in the decree of foreclosure in such action. l2. First party shall hold and enjoy the said premises until default in payment of any of the installments u provided in said note or other instrument secured hereby or a breach of any of the covenants or conditions of said note or other instrument secured hereby or this mortgage shall be mach; however, any agent or employee of second party or any person designated by second puty may enter upon said premises at any time for the purpose of inspecting same or for any other purposes desired by second party. 13. All amounts that may hereafter be awarded for condemnation of, and waste and tortious injury to, any of the property hereby encumbered zee hereby assigned and shall be payable unto second party for application, after payment { therefrom of attorney's fees and expenses incurred by first putt' and by second putt' in connection therewith, on such put I' of the indebtedness secwed hereby u second party may determine, with no duty on second party to collect same. M, 14. Fiat poly agrees ss a condition hereof that all obligations, assignments, releases of real property and/or personal liability. roarrprtizations, renewals, deferments, extensions or any other agreement, in writing, made by any one or more of the parties herein designated u lust patty with second party zee hereby authorized and consented to by all parties herein designated as first poly and shall extend to and be binding upon the hews, executors, administrators, successors and assigns 1 of all the parties herein designated u fast party. ti ~ I5. First putt' agrees u a condition hereof that if a conveyance, lease or other disposition should be made i voluntuily by fast putt' (or by any one or more of the puties designated herein as lust party) of any title or interest in and to the real property described above, or any part thereof, without the written consent of the lawful holder of this mortgage, I~ ~ or if such title or interest of fast putt' (or of any one or more of the puties designated herein as first putt') is involuntuily ~1~. conveyed or transferred u the result of foreclosure of a junior Gen or is required under court order or decree u the result of litigation (conveyance or transfer of title or interest resulting from death of first party, or any of the fast puties, if more than one, excxpted), without the written consent of the lawful holder of this mortgage, then and in either of said events, and r at the option of said holder, and without notice to the first putt', all sums of money secured hereby shall become due and payable and in default immediately and concurrently with such conveyance, transfer. lease or other dispasition, whether the } same zee so due and payable and in default by the specific terms hereof or not. 16. Second party 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 second party, its successors and assigns. and lust putt' hereby agrees to so assign and transfer, any and all rents,. profits, royalties, income or other consideration to be paid or accrvirig to lust party 1~ from any oil, natural gas, mineral, timber, leasehold or other interest of any kind and nature whatsoever, derived from, i connected with or affecting the within descrbed real property but not otherwise subject to, conveyed and/or secured by this ,I~ mortgage, with the right of, but no duty upon. second party, its successors or assigns, to collect same. ,F 17. First party will comply with all the terms and conditions of any instrument heretofore or hereafter executed by first putt' in connection with the loan{s) secured by this mortgage. I8. A default under this instrument or under any other instrument heretofore or hereafter executed by Grst 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. _ t4. If first party (or either of them, if more than one), his hews, successors or assigns. or any assumer of tt~e i indebtedness hereby secured, files a petition in voluntary bankruptcy, for receivership, for corporate reorganiution, or for other debtor relief of any character or kind, or is adjudged a bankrupt, then and in the event, and at the option of the second party, its successors and assigns, the second party, without notice to the fast party, shall have the right to declare all sums of money secured hereby inurediately due and payable and in default whether the same are so due and payable and in default by the specific terms hereof or not. ;i 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' are cumulative of all- other remedies and rights allowed by law, and may be pursued concurrently, and shall !i extend to and may be exercised and enjoyed by the successors and assigns of second poly, and by any- agent, officer, ii attorney or representative of second putt', its successors or assigns. Ail obligations of, and assignments by, first putt' herein and hereunder shall extend to and be binding upon the heirs, executors, administrators, successors, and assigns of lust putt'. W WITNESS WHEREOF, first party has hereunto set his hand and seal (and it lust party is or includes a t~ corporation, it has caused this instrument to be executed, sealed by its corporate sea! and delivered by its duly authorized officers), this the day and year lust above written. ii SEAL ed and Delivered M1EV0 GROVE, INC, in the resenoa of: / Q BY ~ - (SEAL) ~~~r7t9"'` ~ other L. i President (SEAL) i ATTEST: (SEAL) C. eed Knight, Ass' tant~Secretary- 7`reasuPer - . - (SEAL) , (SEAL) . c~~e~ t. BII~Kd`tJ F~F 402 (SEAL, ~ _ _ -