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81006284
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Last modified
3/9/2009 4:50:03 PM
Creation date
3/2/2009 11:05:09 AM
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DEEDS
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81006284
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<br />L-Ptabr . -1F'arra <br />fRev. 7-2-ab~ <br />AND MQR1~A+'pQR, fez himself, his heirs, executors, admiatidtratc~rs, succesaara <br />i and assigns, does hereby and by ttxese presents warrant, covenant, and agree: <br />1. That he is lawfully seised of an indefeasible esrate in £ee <br />simple in sad to the said property; that he has gaol right, <br />full pawex, and lawful authority to mortgage ttas same !n the <br />manner aforesaid; that said property is free frees encumbrance <br />and that hs <br />wi21 forever warrant and defend the title to said property against <br />the iawfui claims and demands of all peraon~ whomsoever. <br />2. To pay promptly all inatalimenta af' priaeipal and iartereat as <br />they beca®a due according to the terms of said note, and of'anp <br />extaneans or renewals thereof, and any ether iadebtednaea owing. <br />by the Martgagar to the Mortgagee and assured herabq. <br />3. Ta pay promptly, before the same shall become dsliaquent, all <br />tease, aaaeasabsata, levies, liabilities, otli}~atlaaa, and ancm- <br />braneea of ovary astute vhattsoever assessed upon or attaching; <br />to said property ar MaztRages'a rights and faterssta therein <br />under this ewrt$age ar the iadebtedneas hereby secured. <br />6. That ha hereby aaaigas to Martgagss any and all rants, prafitr, <br />aad other rsveaues aad incomes of sad from said property sad he <br />does hereby authorize sad empower Martgsftas fl) to take poaseisioa <br />of said property at~ say time there is any default in the payment <br />of the debt hereby secured or in the performance of any oblige- <br />tion herein contained, and to rant the same far his ec~ount, end <br />(2} upaa caameacamaat of any proceediaga, judicial ar atharw#r*, <br />to enforce any right under this adartgaga, to have a Receiver for <br />sold property appointed. by a cauri of competsat juriadictias, <br />upon applicatiaa by Mortgagee and production of this mortgage, <br />*rithaut ether evid:aca and without. natica of hearing of said <br />application; which Receiver shall hays, among other things, full <br />pager to zest, lases aad aparats said p.opertp sad eollsex all <br />zea~ta, pmfiis aad Cher zevemaea therefrom dosing said default <br />aad thg period of redemptl.an. <br />S> Ta properly ire far said prapezty, and to keep the farm storage <br />fay litisa constructed or drying equipment purchased with the <br />procweds of said leas in proper repair aad goad condition, sad <br />avtllsble for storage or drying grain. until the loan is repaid. <br />6. That in the evsat of the failure of the Mortgagor in any respect <br />to ca~+ly with the caveaanta aad coaditioas herein contained <br />with respect to the payment of texas,, and ether charges, liana <br />atsd encumbraacea., the Mortgagee shall have the right {without <br />prejudice to say other sigh=_a arising by reason of such default) <br /> <br /> <br />
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