Fill and Sign the Tennessee Residential Property Disclosure Act States that Anyone Transferring Title to Residential Real Property Must Form

MORTGAGE DEED This Mortgage is given by __________________ (Name of Borrower), of ____________________________________________ (street address, city, state, zip code), hereinafter called Borrower, of to ___________________ (Name of Lender), a banking corporation organized and existing under the laws of the state of ______________, with its principal office located at ________________________________________________________ _____________________________________ (street address, city, state, zip code), referred to herein as Lender, which term includes any holder of this Mortgage, to secure the payment of the PRINCIPAL SUM of $______________, together with interest thereon computed on the outstanding balance, all as provided in a Note having the same date as this Mortgage, and also to secure the performance of all the terms, covenants, agreements, conditions and extensions of the Note and this Mortgage. In consideration of the loan made by Lender to Borrower and for the purpose expressed above, the Borrower does hereby grant and convey to Lender, with MORTGAGE COVENANTS, the land with the buildings situated thereon and all the improvements and fixtures now and hereafter a part thereof, being more particularly described in Exhibit A attached hereto and made a part hereof and having a street address of ____________________________________ _______________________ (street address, city, state, zip code), Borrower further covenants and agrees that: 1. No superior mortgage or the note secured by it will be modified without the consent of Lender hereunder. 2. Borrower will make with each periodic payment due under the Note secured by this Mortgage a payment sufficient to provide a fund from which the real estate taxes, betterment assessments and other municipal charges which can become a lien against the mortgaged premises can be paid by Lender when due. This provision shall be effective only in the event that a fund for the same purpose is not required to be established by the holder of a senior mortgage. 3. In the event that Borrower fails to carry out the covenants and agreements set
Forth in this mortgage and the note for 60 days after the due date therefor, lender shall have the right to foreclose on land hereunder in accordance herewith, and all the estate and interests of lien holders with respect to such land shall be at mercy of lender for the default of such holder in carrying out the covenants and agreements set forth in this mortgage and the note and for the foreclosure sale and other foreclosure proceedings which lender may deem necessary or proper. 4. Borrower agrees to pay lender promptly the actual, necessary and proper cost and expense (including attorney's fees) of maintaining its property and premises to assure the payment of this loan and of the interest thereon. 5. Lender agrees not, in the event such lease is terminated and any portion thereof terminated for cause or otherwise terminated by reason of foreclosure of a delinquent property by deed or otherwise, to renew said lease. 6. Lender also agrees that the lender upon receiving written notice by the lender of the events mentioned in paragraph ix hereof shall have the right to terminate for cause the lease and foreclose all title and interests of lien holder in the premises. 7. This mortgage is secured by the land above described. 8. Lender shall not be liable for any action or suit for money due or owing on the loan unless such action or suit arises out of or arises out of the breach of any covenant or agreement hereinabove set forth. 9. Nothing in this mortgage or note is intended to alter any existing covenant, restriction, term, condition or obligation of tenant hereunder, including the payment obligations, nor shall it effect the termination or other modification of any existing agreement thereunder or the payment obligations thereof. 10. The provisions of the last paragraph of this provision shall not affect the rights, privileges or obligations of landlord and tenant as provided in the last paragraph of this covenant. 11. On and after the effective date of this mortgage and the note, mortgagee and the mortgagee's assigns, heirs and assigns shall not, without such written notice, at any time thereafter, in any action or suit brought by any party or his agent in relation to any land owned by the mortgaged premises, obtain entry therein or use the same or permit it to be used by the mortgaged estate, whether legally or by will, except for the purposes and under such rules as may be herein provided. 12. All mortgages or deeds of trust made, executed, approved or not approved by lender under this mortgage or note which.