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tea ' <br />85_ 003014 <br />85..00 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 />note 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this mortgage, to the same extent as advances originally made 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 />i <br />It is further agreed, in the event that payments and <br />taxes herein provided to be paid by mortgagor, are not paid <br />ahen due, and the premises at the time or thereafter, are <br />2ccupied by a tenant, the mortgagor herein, hereby sells and <br />Rssigns and transfers to James Bamford, mortgagee herein, all <br />•ents and income of all kinds arising out 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 />:he remainder on the debts secured by this mortgage. <br />U <br />L � <br />