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79007438
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Last modified
1/13/2010 9:23:21 AM
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1/13/2010 9:23:10 AM
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DEEDS
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79007438
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79-~, C~~~~~:~ <br />y-ra,-neuc.- m c ' <br />(Rev. 7-2-75) ~ "~ <br />AND MORTGAGOR, for himself, his heirs, executors, admiuiatrators, successors ~ i <br />and assigns, does hereby and by these presents warrant, revenant, and agree: <br />I. That he is lawfu32y seized of an indefeasible estate in fee <br />simple in and to [he said property; that he has good right, <br />full power, and lawful authoriey to mortgage the same in the <br />manner- aforesaid; that said property is free from ancu.~nb:ance <br />and Chat ha <br />Drill forever warrant and defend the title to Bald property against <br />Che lawful claims and damand^ of •11 parsons whomsoever. <br />2. Ta pap gromptly all inatallmaat• of principal and interest sa <br />they become due according to the tams of said note. and of any <br />eztenaiena or rana~ala thereof, sad anp other indebtedness owing <br />by the Mortg:gar to the Mortaataa and secured haraby. <br />3. Ta gay pramptlp, before the soma shall baeosa delinquent, all <br />tass•, aaseesmants, levies, liabilities, otiligatiaaa, and aneus- <br />braacea of every nature whstwavar assessed ugon or attaching <br />tQ and nroaerty or MortgaBaa's right• and intaraata thrrain <br />under thi• mortgage or the indabeedaaas haraby saeurad. <br />b. That ha haraby saaigas to Mortgages any end all rants, profits, <br />and other revenues and incomes of and from said property sad hs <br />daea hereby authors:a and empower Mortgages (1) to take possession <br />aF aid property et any time theta is any default in the payment <br />of the debt hazeby secured ar in ~ha parfvmanca of anp obliga- <br />tion harsin coatainad, sad to rant the aasm for his aoeauat, and <br />{2) vpoa co~canaat of sap proceadittgs, 9udiciai or otherwise, <br />to smfoscr anp right undscr Chia snrt~s, to hsw s Ascaiwr for <br />said prepartp appointed by a court of eoecpatsat ~urisdictiaa, <br />vpoa application by Mortgages and groductipa of this ~rt:aga, <br />dihout ether svidaaca sad without notice of hearing of acid <br />applicatiaa; which Yresiver shall haw, asmag athsr things, full <br />powaz to rant, lease aaa aparate acid propartp sad collaat all <br />testa, profits and other raveauea thsrsfros during acid default <br />and the period of rrdeng~tivn. <br />3. 2a propuly earn far said property, and to kasg thr fam storaja <br />facilities ecasatrcxtsd ar drying equipment purcharsd with the <br />groerrda of acid loan in praprr zapair sad =sad coaditioa, sad <br />staiubis far atoragr or drying grain. until the leas is repaid. <br />6. that is the sorer of the failure of the Mortgagor in any rrapret <br />to comply with the cavaneata and coaditiosa harass eastainad <br />with rrsgaet to thr payment of rases, sad other charges, Haas <br />sad saeumbraacaa, the Mortga=ar aha12 haw the right {+rithaui <br />pra~udlea to sag othaz rights arlaing by ruaon of each default) <br /> <br /> <br /> <br />
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