Common Contracts

MORTGAGE

Mortgage • January 9th, 2023 • Iowa

• Contract Type
  Mortgage
• Filed
  January 9th, 2023
• Jurisdiction
  Iowa

THIS MORTGAGE ("Mortgage"), dated , by and between the City of Marshalltown, Iowa ("Lender"), and Willard Property LLC ("Borrower"), secures payment of the loan made by Lender to Borrower evidenced by a promissory note dated , as revised, in the principal amount of $ ("Note") which provides for the full debt due and payable on . This Mortgage secures to Lender: (a) the repayment of the debt as evidenced by the Note, and all renewals, extensions, modifications or refinancing thereof and any Promissory Note issued in substitution therefore; (b) all other obligations of Borrower to Lender, now existing or hereafter arising, whether direct or indirect, contingent or absolute and whether as maker or surety, including, but not limited to, future advances and amounts advanced and expenses incurred by Borrower pursuant to this Mortgage; and (c) the performance of Borrower's covenants and agreements under this Mortgage, the Note, the Community Development Block Grant Upper Story Rental Housing