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7/8/2017 2:10:10 PM
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' &CROE7 um <br />and. interests of the Mortgagor in and to any fixtures which may <br />be subject to any security agreement superior ,to the lien of this <br />mortgage. It is understood and agreed that the aforesaid fixtures, <br />are a part of the premises and regardless of the manner in which <br />they may or may not be attached, affixed or annexed to'the premises, <br />shall for the.purposes of this mortgage'be deemed exclusively to <br />be fixtures and therefore a part of the real estate hereby 'conveyed <br />and mortgaged. <br />Both parcels of the aforesaid real estate, all improvements <br />now or hereafter situated thereon, all of"the aforesaid fixtures <br />and all of the aforesaid:tenements, hereditaments'.and appurtenances <br />and reversions, remainders, rents and profits and rights, title <br />and interests of the.Mortgagor therein are hereinafter collectively. <br />called the "premises". <br />TO HAVE AND TO HOLD the same unto Mortgagee, its <br />successors and assigns,.forever, for the -uses and.purposes herein <br />provided: <br />Moreover, Mortgagor hereby covenants and agrees with <br />Mortgagee, its successors and assigns, as -follows: <br />1. 'Mortgagor is lawfully seized of the premises ih.fee <br />simple absolute and has good right and lawful authority to.; <br />mortgage, and convey the same subject only to easements, reser <br />vations, and restrictions of record and the easements aforesaid, <br />and that the lien created by this instrument is.a first and prior <br />lien on the premises. Mortgagor further covenants and agrees to <br />keep the premises and all improvements thereon free from all <br />other liens of every kind, except for taxes and assessments which <br />are not delinquent, and to protect the title and possession,of <br />thepremises so that the lien of this mortgage shall be a first <br />lien thereon until all amounts hereby secured shall be paid in <br />full, or if sale be had hereunder, that the purchaser at said <br />sale shall acquire a good title in fee simple to said premises <br />clear of any encumbrance. Mortgagor shall be and remain a,: <br />corporation in good standing under the laws of Nebraska and .a <br />corporation duly qualified to transact business in Iowa. <br />2. Mortgagorshall pay forthwith all taxes, assess <br />ments and public charges, general and special, before.they become <br />delinquent, now existing against the premises, and improvements; <br />and to pay before they become delinquent, all taxes, assessments <br />and public charges, general and special, hereafter levied or' <br />assessed thereon or against the indebtedness hereby secured: <br />Mortgagor's obligation to pay all such taxes, assessments and <br />charges shall include the payment of all assessments and charges <br />levied against the premises by.any private association or authority. <br />3. .The aforesaid promissory note is secured by mortgages. <br />on four (4) warehouses in four (4) separate locations, two (2)•.of. <br />which are the parcels described hereinabove. Mortgagor shall <br />.maintain one (1) policy of.insurance for fire and extended`.coverage <br />perils and one (1) policy for general public liability insurance.. <br />Both such policies shall insure all four (4) locations. Insurance. <br />against loss by fire and extended coverage perils shall be in an <br />amount not less than $1,000,000.00, and shall insure against <br />doss by reason of rent interruption for a.minimum period of six (6) <br />months. All such insurance policies and renewals thereof shall <br />be carried by companies.satisfactory to Mortgagee until all sums <br />secured.hereby are.fully paid, and all such policies shall <br />include a.standard mortgagee's endorsement and loss payable. <br />
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