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~ 1 l. 1'nder~i~;nc~c1 ~ti~~~t•I12iR[~ that he ~~•itl nut perform an>~ ~ict which miRht impair the cunt+nuation on the pruperiy
~ hc~rc~in de~criliecl uf all crop .~Ilutment:: <ind ac•rea~;e allutmt~nts nuK~ estahlisheci ur hereafter estahlishecl on any~ of the prupert~~
h~~rt~in drwcrit~ecl, and hereh~~ ~,•rtints ~i lien un said allotments to lender.
121<i). In the e4~ent lender becy~mes a part~• to 1n}~ le~ul proceedinK (excludinK ~n action to foreclose this m~~rt~a~e or to
cy+llect the debt herebr s~ urecil, im~~~IvinK this mort~aKe or the premises described herein IincludinK hut not limited tu the title
to the lands descritx~ci ~hovel. lender mzy alu~ recu~~er of tx~rrower all costs and expenses re:~sonnbly incurred hy the
j mort~;aKee, includinK reasonable attornt~y's fee, which rnsts, expenses and attorne~~'s fee w•hen p~id by lender shalt txrome
I, part of the deht securecl hereh~~ .~nd shall tk immediatel~~ payable upon demand, and shall draw interest from the c~ate of
! ,~d~•~~ncr h~~ lender until paid at the~ hikhest rate pm~~ided in any note or other instrument secured hereby.
1h>. In the ~~•ent said debt, or ant• p:irt thereof, is establisheci by or in an~• action for foreclosure of this mortRa~e, lender
~ mu~• also recu~•t•r i~f tx~rro~~er, in 3dditeon to the said dpbt or so much thereof ~s shall be nnpuid, a reason~ble fee for the
, ;iuurne~~ of lender for pr~ifessiun~il sen•ices renderecl in such action, such fee to he inrnrporut~ in the decree of foreclusure sn
~ such ~ictinn.
~ ~ 13. t?ndersi~;nec1 sh~ill hold and enjo~• the s~id premises until default in payment of an~• of the in~talimv?ltc ~c nrnv;d~
j` ~n said nciteisl ~~r other instrument ~erured hereby or a bre~ch of ~n}• of the rn.~enants or conditions ot said notelsl or other
i instrument ~trur~~ hereb~• or this mortga~;e shal{ he m1de: h~~wi~•er, an~ aRent or employee of lender or ~ny person
` de.iKnated by lender mt~}• entc•r u{xm said premises ~it an~• time for the pur~wse of inspectinK same or for any other purposes
~ ~ detiireci h~~ lender.
14. All amounts th~~t ma}~ hereafter be aH~arded for candemnation of, and tortious injur~~ to, anv of the property hereby
I c~ncumbered are hereby assi~;ned and sh~ill tx• pat~able unto lender for applicati~n, after payment therefrom of attorney's fees
, ~ind expensei incurred b}• undersigned and b~ lender in connection there~ti~th, on such part of the indebteciness securecl hereby
f lender ma}• determine, «~ith no duh• on lender to rnllect same.
; 1:;. Llnder~iKnc~d ~~rc~ a~ condition hereof that all obli~ations. ~~SS:~nmen~S, rele~ses of real pmperty and'or
j per~zmal liability, reamortizations, rene~vals, defermen~s, extensions or ant~ other agreement, in writin~, madeor entered into
; ~~•ith lender b~~ ant• p~rt>• or parties ~bligateci Iprimarilt~ or other«~ise) to pay an}~ or all of the indebteciness secured hereby, or
j h}• an}• partt' or parties ~~•ho ha~~e ~i~•en securit~ of any kind for any or all of the indebtedness secured hereby are hereby
~ .~uth~~rizc~d and con~enteci to h~~ alt parties herein desi~ated as undersiRned and shall extend to and be bindin~ upon the
; nc~ir~, exc~c•uturs, zdmini~tr<itarc, sucressors and assi~ns of all the partie:~ herein desiRnated as undersi{;neci.
; ~ 16. llndersiKned .~Krck~ as condition hereuf that if a conveyance, tease or other ~isposition should be m~de
j~ .~~~luntarily b}~ undeni~nc~ I~~r h~~ an~• one or more of the parties desi~nated herein as undersi~ned) of any title or intervst in
j ~ and t~? thc reaf properi~ descrit~eci atx~~~e, or any part thermf, w~thvut the written rnnsent of the lawful holder of this mort~a~e,
~~r if such fitle ~~r interest of underseKneci I~r of any one or more of the parties desi~nated herein as undersignecil is
~ in~•~~luntaril}~cYmve}~edortransferredastheresu!~offoreclosureofajuniorlienorisrequiredundercourtorderordecreeasthe
' rt~.ult oi liti~;<iti~m Ic~m~~e~~~~nce or tran~fer of title or interest resultin~ from death of undersi~ned. or any of the undersi~r?ed. if
m~}r~ than one, exc~epted?, w•ith~ut the ~.•ritten consent of the !aw ful holder of this mort~a~e, then and in either of said events,
nnd at the ~~ptinn ~~f said holder, and without notice to the under~i~ned and %or twrrower, all sums of money secured hereby
i .hall tx~come due and payahle and in def~iu{t innmediatelv and c~mcurrentl~ with such rnnveyance, transfer, lease ot other
dis~~siti~~n. ~ehether the ~:~me are so due and pa~•able and in default by the specific terms hereof or not.
17. I.ender ~hall h~~•e the ri~ht, exercisable at its discretion so lonR as this mortgaRe is in force and effect, to demand in
~+~ritin~ the a~cik~nment ~~f and tran~fer to lender, its successors and aGSi~ns, and undersi~ned hereby a~tees to so assiF;n and
I ~ tran~fer,an~~andailrents.profits.ro~~altie~.incomeorother~~c?nsideraiiontobepaidoraccruin~toundersi~;nedfroman~~oil,
~ natural ~~~s, mineral, timt~er. leasehold or ~~ther interest of anv kind and nature whatscever, derived from, connected ~~th or
~ i ~ affectinK the w•ithin descritx~ci real propert~~ hut nat othen~rise subject t~, conveved and ~or secured by this mort~aRe, v~~th the
i ri~;ht nf. hut no dut}~ upon, lender, it successors or assi~ns, to rnllect same.
' 1K. t`ndersi~ned w~ll rnmph• «~ith all terms and conditions of any instrument heretofore or hereafter execute~3 by
~ h~~rr~~~~~er in ccmnection widh the i~an(s) secured by this mort~a~e.
~ ~ 19(a?. A defauit under this instrument or under an~~ other instrument heretofore or hereafter executed by borrower
~ and ~~r underci~ned to lender shzl! at the option of lender constitute a default under an~~ one or more or ait instruments
s ~ ~ e~ecuted h~~ undersigned and - ~~r }~rra~•er to lender.
i th?. A default b}• undersiRnecl and-'~r ~nower under any instrument(sl constitutinR a lien prior to the lien of this
instrument, shall at the option of lender constitute a default under any one or more, or all instruments executed b~~
! undersi~ned and. or borrower to lender.
I 20. Thi~ instrument is ~ubject to the f~ arm Credit Act of 1971 and all acts amendatory thereof and supplementary
~ ~ theret~~. and re~ulationc is~ued thereunder. All ri~hts, pow•ers, privile~es. ~ptions and remedies cc?nferred upon and given to
~ lender are cumulati~~e ~f all other remeclies and riKht~~ allowed bv law, and may be pursued concunently. and shall extend to
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s ~ and ma~• hc~ exercisecl and enjm~ecl b~• the successors and assi~ns of lender, and by any aRent, officer, attorney or representa-
+ ! tive c~f lender, it~ successors <rr a~.~ign~. All obli~ations of, and a~.5i~nments by, undersi~ned herein and hereunder shall
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; ~ extenc~ tc~ and he bind'+nK u~n the heirs, executors. administrators, successors, and assiRns of undersi~ned.
~ ~ IN WITNF.SS WHF.RF.OF, undersigned has hereunto set his hand and seal (and if undersiRned is or includes a I
~ corparatian, it has caused this instrament to be executed, sealed by itr corporate seal and delivered by its duly authorized
~ ~ nfficers), this lst Ug Februarv , 19 9~ .
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Si~ned, ie/d and I)elivered i e pr •ence of: ~ o ert o4; en ~IIS ~
, ~ ~ (I..S.I
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- Sandra L. Bowden
(L.S.)
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