RIGHTS IN THE PROPERTY. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower’s covenants and agreements under this Security Instrument and the Note. For these purposes, ▇▇▇▇▇▇▇▇ does hereby mortgage, grant and convey to Lender the following described property located in the «82» [Type of Recording Jurisdiction] of «89» [Name of Recording Jurisdiction]: subject only to those matters set forth in the Permitted Prior Encumbrance Rider, if said rider is attached (hereafter “Permitted Prior Encumbrances”); TOGETHER WITH all personal property, including all windmills, pumps, irrigation equipment, motors, engines, and devices of every kind now or hereafter used for or in connection with the irrigation of the real property, or for stock watering or domestic purposes thereon, and all grain bins and storage bins, which are owned by Borrower and which are located on the real property in «89» County, «90», described above together with all additional accessions, replacements, improvements, repairs and substitutions to said property and the proceeds thereof and all other fixtures now or hereafter located upon the real property, all of which are declared to be appurtenant to said real property, or incident to the ownership thereof, or used in connection therewith; All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the “Property.” BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record and specifically those permitted prior encumbrances, if any, set forth in the Permitted Prior Encumbrances Rider if said rider is attached to this Security Instrument. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, fixtures, and certain personal property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
Appears in 1 contract
Sources: Open End Mortgage
RIGHTS IN THE PROPERTY. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Second Note; (ii) the payment of any other sums, if any, as provided in this Security Instrument; and (iiiii) the performance of Borrower’s covenants and agreements under this Security Instrument and the Second Note. For these purposesthis purpose, ▇▇▇▇▇▇▇▇ does hereby mortgageBorrower irrevocably grants, grant bargains, sells, conveys and convey confirms to Lender Trustee, in trust, with power of sale, certain real property which currently has the following address of Click here to enter text. (Street), City of Click here to enter text., County of Click here to enter text., State of Tennessee Click here to enter text. (Zip Code) and which is further described property located in the «82» [Type of Recording Jurisdiction] of «89» [Name of Recording Jurisdiction]: subject only to those matters set forth in the Permitted Prior Encumbrance Rider, if said rider Exhibit “A” which is attached hereto and incorporated herein by this reference (hereafter the “Permitted Prior EncumbrancesReal Property”); . TOGETHER WITH all personal property, including all windmills, pumps, irrigation equipment, motors, engines, and devices of every kind the improvements now or hereafter used for or in connection with erected on the irrigation of the real property, or for stock watering or domestic purposes thereonReal Property, and all grain bins rights, privileges, easements, appurtenances, and storage bins, which are owned by Borrower and which are located on the real property in «89» County, «90», described above together with all additional accessions, replacements, improvements, repairs and substitutions to said property and the proceeds thereof and all other fixtures now or hereafter located upon a part of the real property, all of which are declared to be appurtenant to said real property, or incident to the ownership thereof, or used in connection therewith; . All replacements and additions shall also be covered by this Security Instrument. All The Real Property and all of the foregoing is are collectively referred to in this Security Instrument as the “Property.” To have and to hold the Property with the appurtenances, estate, title and interest thereto belonging to the Trustee and her respective successors in trust forever, for the purposes specified in this Security Instrument. BORROWER COVENANTS that Borrower ▇▇▇▇▇▇▇▇ is lawfully seised seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for the First Deed of Trust (as defined below) and other encumbrances of record and specifically those permitted prior encumbrances, if any, set forth in acceptable to the Permitted Prior Encumbrances Rider if said rider is attached to this Security InstrumentLender under the First Deed of Trust. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances demands of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, fixtures, and certain personal property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:all persons whomsoever.
Appears in 1 contract
Sources: Subordinate Deed of Trust