81006284 - Laserfiche WebLink

Browse

~I~..t~t~62$ i-F1-N~-6r. Farm 2 to advance ar expend moneys: for ~:oc:h purpose, and :~1] ;;t,tn:t ;,~~ advanced, With interest at tlu~ hi~~ly<~xt '„~x;?I r:;,c l,tr :tttnutn at ttae time such actio» is taken, al,.tl.i. l,ec.tlmt> ,~ pnrt „i' fire indebtedness secured hereby, :rnd ,mall be carried as a delinquent payment due an the indebtedness. ?. To Comply with all laW$, ordinances, .and regulations, affecting the conatructian of said storage facilities. 8. That the Ioan hereby secured Eras expressly loaned by the Mortgagee to the Mortgagor to enable the Mortgagor to construct said storage facilities or to purchase said drying equipment, or both. 9. That the Morigrsgee, its ai;ents and repaesentative:a, :hall have the right to examine and inspect said storage facil9.ties and drying equipment, ar bath. IQ. That time is of the essence of this mortgage and u£ tYte notz herein referred to; and that should default. be made in the payment of any insi:Ilmsnt due on said pate ar any amount due under this mortgage or should Mortgagor fail to keep or perform any cUVenarzt, condition, a3T ag~esmrir+t co»tairr~d ,.=s.ar,, ar in said mate., 3r atier inatr::mont s:seated in connection With this loan, or should the Mortgagor abandca said property or be declared a bankrupt. or ran in9rsiwent ex auks an assignment £or the bt*.nefit of creditors, or x;zould the praparty bs attached or levied on by executan,:deeree, an other process, or should the Mortgagor die or become incompetent, nF should the Mortgagee deem itself Insecure, the 'to*r.gagae map, wlthaut-notice, declare the satire ladabtednees--h~rslsy secured ieeeadistaly due and payable and foreclose this:` mrfrt~age In accordance w1:h the leers made and provided. therefor. I1. That. ehanld aid property he Bald under foreclosure (1) the !'.ortgagsa easy. bid at euehsale: sad purchase such property as a stran`sr; (2} Mortgagor will pay a reasonable attorney°s fee f~ixr t3tia f~raclosura, together with any other coati, fees, .and expanses iascurrad 3sa casanactian tkaarewith, the same to he added to Che aamount of the mortgage e~6tet and inc3udad with intarret thereon at the highest legal rate per eisuautu 3n any ~wdgmeiat o6taiatad in a forscioasare aetian~ sad (3} mortgagor dGea hsrmby sxprassly waive all valuation ar apprssensnt Saws.., and all exemptiana to which the Mortgagor easy be eatit2ad under the eonatltutioex sad lave. of the abova- aasrd guts. 4#ITfifgB 't, the undsrr#.g~ns}d haws executed c'hus pr:assts this ~`^L, day of E.,.~'~~ ~{:~ ~/ , ly ~,