HomeMy WebLinkAbout0193'phis aacxtgal{~c is hd~weroer, auberCt ~ eass~ $us„ditiaas and agr~€aaen;;.a:
FlIt9~T: 1~aar thr trxwrtgagtx hereby agtties rc~ and priru:i f,al herrt~y se-:u?w:l r mrtE{,tlp
when due and i} default be madt iri any }~ ~t ttnct~caf, or' irr pa df a.ny Uther rtaorc,ra hereby seC:Ere:i, ther; the
sarxre scull!,. Yvithout c~rraaa:d if mnrigs~,c ~Il e1~t, brtoane due a:od r~aya?ak si oars and dac ttaortgagc may be tortrlased
in the rcaratacr provided by la~-, .
S~t..C3NU: "That the aaorrgagar agrees tc ~y as tht carne t3e:amc due atxl payable: all taxes, assc~csmcrits; and i~thcr
charges imposed by leer {ixacluding diis:h, t;-rsaEl, nacrvoir, ar cxhec water rharfges, taus, ar asscssrraents) up~n said
prernESes •a• any fart tlycreof ira[luditag tae ;~aortfjagt+c"s intcrest therein aa~ad tu.pon tl"iis YnotLgagr or the swte or inde~ercncss
xecur:~l hexe3~y, uravided that shsacrld the arrooi:r:ts paid for the raortgager under this 1?a~lSr'aI'h for stash taxes, asses~-axe°nts
and oahc~ r3urj~s together with the interest an the iradelx.°dncss exceed the highrst uat:rrst rate per~atitted by law on the
irtdrbteritaess then owing, rxrartga:gat shall nc~t be liable to pay am of such excess over the hi~est lar~f'ul rate. !n the event
of the passage, after the d1tC hereof, of gray law ~y the State of Florida, deducting frs~n tht value of lmnd for tlx purf}ase
i,f taxxticm ;.ny lien thcrean of changing in any waj th~c :xisting laws for tht taxrticrn of m~:t+:gages or debts se.~rred l,v Erorr-
g31;` far afters or hxal par ~vs, ar the manner of flee collection :.f s;7y *uc.h cases, so as to a~ect this naortgagt, the ho;.ler of
this raxartgage and of the ~ebt which it secures, shall have the right tG glee six {b} raatwntha' a~ritt':fa notice to the Jwttet of said
land requiring the }tiayrnertt of the retire indtbtcdrress secured hereby, acid it is hereby agreed that if such notice lx Siven the
said indebtedness steal! lte+co,,:te due, and collectible at the expiration a,f said six {6} tnont#ts.
THIRD: That the rtrortgs~gar actress to pay all otlEet debRa that are raow or may betarrrc liens u~n or charfics agai;.st
said prernis~ss, and not to fytrmei any Zion of any lord to accrue aced remain Can said prtcrrisrs, or the ErFtproaereaertts therecr~,
wl:irh tni~tat talct pretrd~x r7scs thz lien of this mort ':~c mor3,g further agrees net to Cr~ite any lien on said
premises junior hereto unless the prrsosa eatittcel on ths~bts thcz~of ~l !serve agreed thu the tirrtie far the ~ayrreent of
the indebtedness h*_rel;y secured and the manner and amount of paytneat thertaf and the benefits of ih= securrty a$orded
hereby may, withoui consernt of soda p~rsc+n and '+vithtrut any eoligatroxt fi4 give nat:tr of any kind th~rcto, bt extended,
reextended, accelerated, svcpendcd ar-d rcfurtdrd as aaY terms whats~ver rvEthavt its any maa~raer a$'ccting the priaritr
of the Lien hereby cteYted as ~aaritp for flat paeyment of the iAdebte~draeas secured hereby o• am obligation atrlistEtutcd
;ltcrtfor or issued to refused sarzx.
FOtJR7H: That the raaartgagcar agree to keep said ppremises and ir~t~rovcnaents thereon in gcxxl condition and repair
and not to cxz~rnmit ar au~et waste thereof; to aperate a117ands, wheth~sr rmpraved ~sturrs, arclaards, grazing, timber, or
crop larrrds, in a a~ and husbaradrna,taliice ntannet en ace:ordanct with saccepted pnner~slea of sound agritu'.tural and forestry
pracdices ; tv treks all reasartabk ptecautioraa b ctrrstral wind sued avant erosion ; to fer?i,irx improved pastures, if any, where
ntttssarq to tnaintaiu s stand of desirable gasses; ea protect orchards and timber, if any, by reasonable pteiaut;ons
against loss ac damagefire I:acluding the marrsteraace o; appropriate fun breaks; and caeithrr to rcm~ve nor permit the
cameral of any timber, bui[dEngs, oil, gu, mirerai, stone, tick, slay, fertilizer, r;ravet. or top soil without the prior written
ccracmt of the ttaortgagee. The raaortgagec shall have the right tc uxspett the rracartgaged property at such reasonable times
and intervals as the mortgagee rttay desire, try 3etermine the mortgagor's mmplsance with'thc tavenants contained in :np
:lease of this mortgage.
FIFTH; 'T'hat the tnartgagor agrees to prrx-ure, maintain grad deliver, prtmiumR paid, to the mart~a,gee palrcir3 of
insurance a;garnzt such ha~rds era ts`at buildin~ts noev ar hcrcafter laratfd on said premises as the maetgagee may from time
to time requite, in such carapa.t?ies and in atrelx aaa~sunt and farm and wit!; s~.h toes papablti classes ss sha11 ne satisfat-
tory to the rru~rtgagee. The rrxartgagrr is authorized to secs and deliver said palieies to any ptarclasser of this morigasr or
to the purchaser of said prcgxi:-cs a# any forrclexccare sale. In evr.*=t of loss der .txxxtgager is exprrsss!y authorized acrd em-
posverrd to settle or cotaprornise claims under said polities, and the proceeds Pram said policies as well as any other policies
procured by the t:,artgagErr shall be td tea the mortgagee who at its sole diacretinn rn~iy apply sarxre ar art} part thereof on
acccxuat of ties i.~ie{kedraeas secured h2t~y wlseSlanr at nod ttaen due ~tnd payahle, or may aplsly tYae sas:an ar .np part ihereflf
towards tree altersttioa, t~nooaaetraa at repair +~ s~ bttildings, either to the portit.~rt dataagei rn an7 atla~r portEan thsreaf,
or rel+rase earns to the rnortggaago~. Suet a lr[ation or release. shall not ru~r; ar waive any Default or aatitr of default hece-
usder or invatidaDG any a+tt done pursuzdrat a notice.
gI~C`i~l-'C; ^Ctrat !n the evsnp t#ao~,itg~gtar s`liall fail ~t~~p `r~caturs~enaintain and deliver the insurance ~aalicies, prernilarrs
prepaid, or to pay, as the semis bezoaae due acid payaEsln, any tax or aaseasirnnt itsapoaed by law upo:t Bard prerrtiscs or uayy
Erect thereof, or the root:, of indelatedrsess setbarPd hereby, ar to pay arty liG'a, clai:~ or char againai such prerraises which
tatiglat take ~r-ce oe*er she Lien of dais r±tc:RRt!j{c ar to campty with the provision. of pa:a,~raph Fourth hereof, the
n~aartgagee rt~ay, wrthotst raotiet or dernartel, insure an; of the buildinsx and pay tl'~e c~..st of such insurance and pay any of
saki. tease, assessrsaerats, liens, cl~itaas and charges, at arsy part thereof, ar redexrn from the sale of said ~Sr.mises for any
tza:es or aSS~"53iraCrSt3 {irrcgulatities in the !cry of irr+pptASitian e=f any rata: or assessmrnt being expresly warvtcl), of re:-3cerr;
(rats; the sales of acid prerxaisns resxalting from the craforterrae~nt of any scrch lien, claim of cltzrge, or expend curl; satrrss ffis
trisy be necessary to corxtct the failurt of the mortgagor to comply with t.Pac provssEOr~s of said 1'«tagraph Fusarth, and the
rasaEt,gagor hese#xy agrees itrtmediatel~ to repay to the mortgagee, wiehossk :toots ar demand, any rfut~.s so paid with interest
elaereas'. at the settee rate as specifies ire the note aeccircd hereby ore tht principal thereof afirr default and matu.itpp. aced ail
sums ;~.id by t3at rtgagne rovtth ir_tert3t shall bettggxtae a part of flee iradcbtedness secured hereby, acrd in drfatilt of
i~~rrtiediate rtpayn'scrat thtr~f ley the rraoi~tgssgor tA"ac whole iradcbtetiitaess se.,~ared hereby shat! at flee aptian of tlzP :n, rt~agce
~ dtrr atncl pale fsirth~orixla wit~xotat riotiex.
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