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<br />89--101203
<br />The duration of the Leader Agreement is twenty years from the date hereof, the entire balance payable under the
<br />Leader Agreement is due on or before twenty years from the date hereof unless sooner payable pursuant to said Agreement.
<br />THIS MORTGAGE SECURES ALL SUCH OTHER AND FURTHER ADVANCES AS MAY HEREAFTER BE MADE
<br />BY LEADER FEDERAL TO OR FOR THE BENEFIT OF BORROWER PURSUANT TO THE LEADER AGREEMENT, WHICH
<br />DAPOSES UPON LEADER FEDERAL A BINDING OBLIGATION TO MARE FUTURE ADVANCES AGGREGATING AN
<br />AMOUNT AT ANY ONE T131E NOT TOEXCEED THE CREDITLINE SET FORTH ABOVE-
<br />Borrower, upon notice by Leader Federal, must return to Leader Federal all checks, credit cards, or other devices to ob-
<br />tain further advances after any event of default under the Leader Agreement.
<br />If all or any part of the property secured hereby, or any interest therein, is sold, transferred, or otherwise disposed of
<br />without obtaining parr written consent of Deader Federal, its successors or assigns, or any subsequent owner or hider of the
<br />indebtedness secumd , hereby, then MartMee may, at its option, declare all sums secured hereby to be immediately, due and
<br />The Sursower desires to serum the payment of all amounts, payable by Borrower under the Leader Agreement and of
<br />4=j and all rcraow s and exte moans thereof, and all future advances made and to be made pursuant to the Leader moment
<br />ALE of acid: payable amounts referred to as "Indebtednesa). Now, therefore, the Borrower agrees and binds eat
<br />st•tmsg-ss any past of the Indebtedness shall remain unpaid, he will pay all taxes (general and special) and assesomew s
<br />said F operty promptly when due, and deposit all tax receipts with the owner or holder of the Indebtedness; will bsu the
<br />buildings on said property for not less than the leaser of (1) the insurable value thereof or (Z the total indebtedness muzz -ad by
<br />mortgages; deeds of trust or other security= instruments encumbering the aforedescribed read estate against loos or damage by
<br />fin and the perils against w in t' insurance is afforded by extended coverage endorsement in some insurmce comma
<br />� -or com-
<br />paa approved by Mortgac� cause said policies to earsmin a standard mortgage clause in favor of tJw X ,m�Mee d deposit
<br />said isoiicies with the Mortgagm as further se�ty.in'said debt will protect the improvements m add pmpe� ly proper
<br />repairs, and maintairz them in good repair and rendition; will not do anything or suffer or permit anything to be duma whereby
<br />the lien of this aan,,t!@gge might or could be impaired-, will pay such expenses and fees as mmf be necessary in the protection of
<br />the property, including, but na¢ being limite3 to, expenses incurred by the Mortgagee in a my legal proceeding to which it is
<br />made or becomes a party, inciu&ng bankruptcy proceedings with respect to whic€i. Borrower files a voluntary petition or an in-
<br />voluntary petition is filed ae^aiaaa hiv4 and including all reasonable attorneys'fins incurred by Mortgagee in serum release
<br />from the automatic stay provisions of the Hamkruptcy Code.
<br />The net proceeds resulting from the taking of all or any part of the property be eminent domain, or from an�. +ale in
<br />lieu thereof shall be applied upon the indebtedness in inverse order of its maturity; and in the event of Om destruction of the
<br />improvements by fire or other casualty, the net proceeds of the insurance shall be applied upon the hid&bidness in inverse or-
<br />der of its maturity, or at the option of the Borrower, his heirs or awigns, such proceeds may be used to reswre the improvement
<br />to their former coedi.tion.
<br />If the Leader Agree=mz is placed in the hands of any attorney for collection, by suit or otherwise, or to enforce ita col-
<br />lection by foreclosure or to VcVect the security for its payment, the Borrower will pay all costa of collection and litigation,
<br />together with a reasonable attorney's fees, including attorney's fees and costs incurred by the Mortgagee in any proceedings un-
<br />der the U.S. Bankruptcy Code or similar ii w1vency laws affecting 2 rrower, t?oio mortgage, or the obligations it secui .va and in-
<br />cluding attorney's fees and ce4a incurred YhV :he Mortgagee in securing a release from the automatic stay provision orthe i.'.6.
<br />Bazawuptey Code, and the "=: tic stay provisions m v a U.S. Bankruptcy Cade, and the same shall be alien on dirt lrr :.i ses
<br />hers conveyed and enforced by a sale of the property ar herein provided.
<br />Mortgagee, its successors and assigns, may at its discretion, advance and pay such sums as may be proper is satisfy
<br />taxes, maintain insurance and repairs, and protect and preserve the property; and such amounts so paid shall be cl=pd to the
<br />Borrower and shall be secures by the lien of this mort age.
<br />If Borrower fails to gem'orm the covenants and agreements contained in this mortgage, or if any action or proceeding is
<br />commenced that materially uTects Mortgagee's interest in the property, including, but not limited to, eminent domain, insol-
<br />vency, code enforcement, or an=gements or proceedings involving a bankrupt or decedent, then Mortgagee, at its option, upon
<br />writran notice to Borrower, =T, make such appearances, disburse such sums, and take such action as is necessary to protect its
<br />it to mt, including, but not lid i*-d to, disbursement or zsasonable attorney's fees and entry upon the property to make repairs.
<br />Any am :unts di&T. -aced by Mortgagee pursuant to this mortgage, with interest thereon, shall became additional indeb.
<br />tedness of Borrowi nectar& by this Mortgage. Unless Borrower azd bLnrtgagee agree to other terms of paT'cnent, esch amounts
<br />shall be payable upon nrC-ca fi-am Mortgagee to Borrower requesting ent thereof, and shall bear interest from the date of
<br />disbursement at the rate payable from time to time on outstanding principal under the Leader Agreemer'c unless payment of
<br />interest at such rate would bps contrary to applicable law, in which event. Ruch amounts shall bear interest at the highest rato
<br />permissible under applicable law. Nothing shall require Mortgagee to incur any expense or take any action hereunder.
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