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r <br />ftft r <br />11 4 <br />r <br />i <br />t <br />s5-== 002786 <br />_2_ <br />Said mortgagors represent that we are lawfully seized of <br />the said premises; that they are free from encumbrances and <br />we do hereby covenant to warrant and defend the said premises <br />against the lawful claims of all persons whomsoever. <br />PROVIDED ALWAYS, and these presents are upon these <br />conditions: <br />Mortgagors have executed and delivered to mortgagee their <br />Pnote for the above mentioned amount, Payable in monthly <br />installments. It is understood and this mortgage shall <br />constitute notice thereof, that this mortgage is security for <br />not only the amount advanced concurrently with the execution <br />hereof, but all future advances to be made at the option of <br />the parties or their assigns, up to the total amount stated in <br />this mortgage, to the same extent as advances originally made <br />hereunder.: <br />It is further agreed, in the event that PaYmen is and <br />taxes herein provided to be Paid by mortgagor, are not paid <br />Shen due, and the Premises at the time or thereafter, are <br />rccupied by a tenant, the mortgagor herein, hereby sells and <br />assigns and transfers to James Samford, mortgagee herein, all <br />ents and income of all kinds arising ut <br />g of said property and <br />uthorize said James Samford to collect same and use therefor <br />n his own name, and after paying costs of collection to apply <br />PP Y <br />he remainder on the debts secured by this mortgage. <br />u <br />