HomeMy WebLinkAbout0194~~ ~~ : Thr.t the art t~ ~ ~[ ~ ~ ~ ~` tenet it~axsrt+d ~ tie ~ ~
rsASZlsa of litigatiact wa~a third patsies to ptotaavt ~ ati ~ tea :tt,ad ~ ;tst t>e~rtgagc~, atst-laa~-
ing any e:ttptrese iraturred in procuritxg at eaa~ ad ttxte used ~ poitcita ~ srraurctt,R~ thte rarorda fer
tYze puxpoas°s of such litigsasiurt, shall bra:: istY~sft al ~ farstt acl~ es ~ tut tlbr nt>~ secured hrx~ oa tine ps-ocipal
thcrt'c:f afttt default and naaetx:ritj, ant! asap wch aewas acs with i'otraea~ tlarta+ors tituGr a liieta upon said ptexrsistd
ersd tx axecutc:l lay ihi3 moatgagt and its deffault of rrptpsrtmt thread ~ ties tnsart a.fear cf~rmusd, the wirlak
indeixednexs s~•c"wf-a3 t~z~ aiaal! at ttae r~~n a~f tlr~ ~ 1Dn~. dear aasd pet~al~ f eval~ va'itlrtsut rstat`ce.
1IGH"l"li ; Treat as f urttter secaati:ty lac the ,payment ai said inde!ctedncss need rater perfattmtice of all ref the tc rrxat,
cave,ui:ts ar):i eu=iaiitrcna he;~.•of, the rrxatrga,gCU does istt~y mert~s~e, transtet, set ortr, assign and pkvgr is the mQdtc;agre
the icssar's teletext and catatc in all leers. itrTSCiudsn~q but nac fitxutex~ to gss, oil acrd asa,inezai leacses, aauav or Ixreaftrr a!fttYersg
the said pttrasi.sts of a.~y pare thtreaf, aced alit rtr>:t>i, useaeai iarame, pttia5ts, t>yyalti;es ats;i brmatsas due and to tsec~t die taatre`~
uQdrr, end to the cvtnt o~# a default under Any eat the t~trsna, C><3va~aaifts and ~ossditiG>aa of lists mortgage tine trsortgxg~tr it
hereby auetaoriscd :nd etae trod eo ct=Ileitt and rtctive ail such rrs~, issues, iutonte, p~Cits„ ta~altiea and bo.-auses due and
to brtetne due and tr+ a fs .y the sarxsie against said indebtedness. 5t+ lrrttg, however. as thus shall be ao dtfautt taereundet ttsat
rxartgagar s1T~ll h:svt the right to Boiled and rtttivt gray and all auth relate, issues, inct?~ne, prahts, to}+altitt end bow)usts as
they re;pc~rvely ~arrutnc due arcs; pnpablt, and to we the taunt without actaunring tt\ tilt mottgag'et thtrefur
2V1W7't-l: That as furthew secursty For the papnx~t of said indebtrdntss atacl the pFrforrxaatstt of all of the terr:'rs,
cavenartts and tsrrtrq#'.t~.rraortg3got dots hereby rnartgagt, transfer, set over, axsign and pie-dge unto the fnorigagee
all citrus and or arps:aow grcvtA#~,g and hereafrcr gsuv,•n on sand pre,7lrsts, herefay givi.~ arsd g.~ruattrtg etnty *he mc:ngagr a
f rst ant prier Len thereon, provided, haw;tver, that such lien s'::tll tat and is hercbp eYpresttY made su'tsjett e,~sd sutxardinr:e
to any crop mortgage crwtring env Citrus traps which tome into txistente by bloom prior to forcttasurt salt as pro~idcd
by this mortgage tar any aAnwtl Crops slanted pri•~c to s3iJ foreclosure sale, the provisions of paragraph 1'tnth htreaf not-
Kithstandinb. Any lush crap most agg°° sFTail no hou•cvet Ex a lien. prior ko t.his mortgage can any citrus crop coming into
tieing by bloom sut~seg4ent to sai~ fartcleasurt cats, of on an}' annual crap planted subsequent to said ft~rttPosure salt.
"i'E.'V"1~H: That the mlortgagtc may release for sus}, considtratiors, or nur~r, as it tnay recluirt, any portion of the atwve
descritxd land without, as ro Jot teraaindtr of the set~uiiti-, in anywise impairing or affecting the liens and priorities herein
pravidtd for the mortgagce compxrrd to any subordinate Lenholdtr.
Ei,p`'ENTH: The net prcxecds of any judgment, award or settirment in ary randcmnat:on or other proceeaing fer
any dun~gt to the ~rernises, buildings or other textures thtrecan s.5ai1 bt pain to the nuartgaget and shall at its option, richer
be applied as a cttd,t an env portion of ttae unpaid balan~~r of the note secured hereby, n•laettiet rhea matured or to mature
in the future, or 1x released to rnortgsgor. •
TW'VLE•TH: That if the mortgagor shall default in the pcrfornuntt of any of the covenants or agretrnenes herein
contained, ar if an owner of said premrsts shall file a pttition stekrn}; an arrargt:r:ent or compusitron or txtensian or anp
other relict under or pursuant to the )E'tderal aaenkruptcy Act ar any other sir,~ilar stat>ite as now or hereafter in ttxrc.-t, or
shall be aujudicattd bankrupt or insolvent o: arty of his property she!! have been stqutstertd and such decree shall have
cuutinutd undischarged and unstayed fqr pirsety days after the entry thtr=of, the entire irsdetatednas hereby secured, includ-
ing all payments Eur taxes, assessmcnta, insurance preraiuras, liens, attorneys' fer an:J rxpesiscs htreir spec,fasd, shs.ll, at t,`x
option of t'r)e n:ortgagce, and without notice to the rnortgagar, 'tat due grid ccllettibk at orxe op foreclosure or otherwise;
and, except as to property whets such provision is prohibited by law, urn tommcncernent of any foreclosure or at ,ny time
thrreafur the rnurtgagct, as a rrtattet of right, without toctsideration of the value of the premises, or wht:htt khc property
is probably insutncitnt to disth:rg+e the mortbaRe debt or is is danger of being lost ar rtmoe•ed or injured, and irrespectivt
of the solvency or insalvrrTCy of the mortgagor or the then owner of said premises, and without notice to the mortgagor or
any person claiming under him, shaii be tntitltd at once to the appointment of a rceeivrr for said premises, to colicct the
rents, issues 'and profits therefrom during the p~dency of such foreclosure, and the proceeds of said receivership shall bt
applied by raid recrrver toward the payment Cf the indebt=dness soured by this ;lv~rtgage, ar toaratd the payment of such
part cf the judgment rendered thereon as may remelt unsatis5cd after the sale of said premises, or to repay to the mortgajte
any advancements which said mortsgce may make after the cornmt•ncement of foretrosure a:ditan For taxes, .s~rssnu~i,u,
insurance or other charges as herein i~rovided, togciher with intec:st thereon at the carne rate as sptcitied in said note secured
hereby on the printi a1 thereof after default and maturity, and from the pracceds of said receivershrp said rcceiscr may rT:ai:e
necessary repairs and~keer said premis.~ in proper condition and repair pen.Iing such sale, and pay al, taxes ar:;l assrssmc'nts
acinied or accruing or recl~m From sales therefor and pay insurance premiums necessary to keep said prc,niscs u?st:rr'd in
accordance with the provisions r+f this r;eortgage, and pay other proper charges as ttere)n provided, and pay the extense o$
tht• receivership.
'THIR"ff:EIVTI3: In case this mortgage tae foreclosed by a suit in equity a.nd the mo:tba;ed pre:i,iscs lx s~:l~i :u satisfy
a ~+,.crce of Eo::~iiosure, the proceeds of such sale shaii lx applied as follo•s's: First, to ttie exc~.'usrs int:rred he:eun,ier:
secund, to a rcasunaiale attorney's fee r.ut to exceed five present of the indebte(inrss t`or such strw•ices as may bt necessary foe
the cetltCtion of said indt!att:.lnrs3 and the foeetiesure of this mortgage; third, to the payn~tnt of wh attver st:i:; or sums tilt
ntongaf;te nzJy have paid ar tx-con;t Liable to paq ir, tarrying out the terra and stipu:ati:,ns cf this rrzostbagc, tuertF:tr with
interest thereon; and finally to the P`° •nt and satisfzction of said note" The aalante; if arty, shaii, unless the Court dccrte
oti)crw~isc, be Faid into it:c regiury of the E:,ourt having juris~?ittion of said foreclosure lust, to abide the fi)rti?er ardec of
said Court.
F~URI'hEN'tli: That the rnartgagor is lawfully seized of said prcn?ices in fee siralple and )as E;:x~d ri^ht ar„1 laK'ful
aut}:ority to srl! and convey the same, t?tat the cams arc free frutn enc;:rzL\:anc-s eztept as atorc~said, that it 5t1a11 bt lawful foP
the rnorte:rgec at zll times, pcacrabiy and quietly to err±~r uixsn, hold, occupy _nd enjc~ said prerniscs an~.i every part tl\ertuf,
that the Tllortgagor will txetutt or procure any further reccssary assur3ntes of title ana doss ereby forever warrant gcn.nlly
the tint to s.;id prtntists and vrTIl fortvet defend the same against the clair;v and der, .ands of all persons w}:amsr,ever, snd the
matty;agor and the makrra cf said Holt esl>c~ially a~,rer..n dctlatt tizat ti•)e stp$rart estate of each of them, whether vc°sttd,
tontingcrc or in rxpetta"zy, is htrelry con's:{ce z,^.d shall be -aourid for tilt pa',rrrnt of t'n.e debt hereby scc-urrd a:ld cash do•ce
hereby LXprtyaiy K'?Jti'°, fC1~35C an;~ r~lin7L,I5i1 all f:~yh:S ?i)~ i}`'~tilt5l 1f ~n4' l,O~:: jt. C. a~ l)r ilS i;-;Cfit, t'\C'l)it t^. 0; S.L'r' t0
t\'I~,t:ll Ill CV may Fs° e17t)t1Cd llri+:1CI Ci:e lens .7f fhC Sig+tC !!1 ;"+'}ll. ii 51.t, t:,:i.,: i!'S afC S.'. ~.. a.i'C, iC`~'. ihCi t4'tiCt alt C__S\~~[ l'; :U'[: iy
Ii~l'.tS. a.,d fl IrYC .*CSS 3:']:1 GSi utCS, Stat"till?:1' :. rid Otl7 •`. r1 , -_ 3f:1 ~I c'~'ti~ fiiUrc' \\1 5'?:~Z'tr iI? rllil It1 s.'-,', r._...v_S.
1')t'1~1]:~l-ii; lhit Ili:. Z`,"i5":'7g Of J+'r'it ten i:r t,,,C 3ua[', ~5'~d t4 ill: Usti :1c;5 Of rC'c~,; ~.1 Vf ...ill 1?Ctr: ~,_CS Oi _...,,. ,,iSC,~ IO
t:le Silu G?~i:C.'a 3t tlietr last ii.ialCC55 3CiLisit~ fur;?i5~'cL'tf t:i title X7:(?t;Y~~t"+.', Ot Z:i~rC'Sy~_1 t0 (?le rJ`.\'ners at~Sa)d prt`i!);s;5, E.nd