HomeMy WebLinkAbout0514 "l:~i~ n:o:!s;.~be is made, ho~,e.er, subj«t io ti~e folio.~~in~ covenants, c~.;r.~iieions 1[l:~ .I~CtC:liC[lh:
I~IK51': "That the mortgagor he.eby agrees and co~~enants t~ pay the int:~:c:t ~n.! ;::i::.i~~! h~„by se;,i;„i ~~r,,::it~!!ti•
~~hen due an~3 if default be ?na~i~ in anf att khereof, e: in th;~ pa}~~11~rt of an}' ~~~l~~r monies l~er;:b}~ se<<<:c,i, then th~
s: rne shall, without demand if mottgagee s~all elec:, beconx due and pa,~able ::t once : n.l th~ r.1~~~;`.;: « in.t~~ b~ toc~clo;ed
~n tfic manner pro~•ided by law.
SECUNU: That the mortga~o: agr~es to pay .as tl~c s.in::: b~cor.:~ ,1u:: .in~! p_~y~able .il1 taxcs, a~s~ ssments, .an.! ~.her
ci~ir~es imposed b} law (including ~iitch, cin:l, rr~~neir, or other ~~~ztcr cl~.irties, ta~es, or a~ses~nlcats) u~;on s:id
~;nin~;,, ur any part thercrof including the mortg~gee's interest therein an;1 ~.ipon th;: r.iort~.iye or tlie no:. ~~r ~n.i~b;:~!ness
sccure.i hcreby, pro~•ided that should the smounts paid for the mo:t~a~ee ur.~ier this pirlr:ipa to• ss~h t~xes, assessments
and other charges together with the intcrest on th~ in.?ehte~laess exee~d t':ie hi~l~est inter~;t ra,e permitted by Ia~~~ on che
indebtedness thcn ow~ing, mortgagor shall not be liable to piy any of su.li exceys o~~er tl:c highcst lawful rate. In t~:e c~•~nt
of the passage, after the date herrof, of any la~ b}• the Stai~ of I')ori~la, .le~~uctici~ froru tti: ~alue of lind for the r~~i-pose
of tasation any lien thereon or cl~angin~ in ;~ny ~•.tt~ thc cxistit~~ ~ fur the :ixation of ine~r:;;.t~e, or d:b;s sc~itrc~ n;o:t-
~.lht for s!~te or local purposes, OL :}1C Ii71t1RCC i~t ~Ill' C~~l~::t!t111 GI ,1(1~ Silt:l Cd\ci, ~J 1> LO .1.:`.i: Cil!$ I:lOCi~: t'.',~, t~l~' ~101~1EC Of
this cnurtgage and of the debt a~liicli it secures, shaii h:~•e th_ ri~l~t t.> gi~~c six (G) t~:::n.hs' «r;~~c:n nuticc :o th~ o~~:r:er of said
lan:l requirin~ the p~yment of the c~~tire sn:'ebtc~?n~~s sectircd t~,:rc~,,, lfi.! it is iiereby~ a,r,~.j ;h:~t it' sL~cii ncti~c hc ~i~:-i ti~e
s1~~i indebtedness shall become due, and coilectible at the expir.:t;~~n of sai.i six (G) r~on!hs.
THiRD: ?hzt the martgagor :~grees to pay all other de17:s that .:-e no•..~ o: r.~a~• bC~n~~N licns .~l~on or chtrg~s a~~inst
sai~i ~?remises, an~ not to perniit an}~ licn of any kind to accrue .in~~ r~n;ain o:i sa=::I p:c:nises. or thf~ im~ ro:~enunts therron,
~~~ii~h ;:i~ht take precedence over the lien of this mart~:ige. 'Isi~• r.~o,-;~~~or i,~rt?:er :~:ecs ro, to crc~.t!e an5• (ien on s~id
~~e:~is::~ jun:o: hercte uttless the (~erson en;iticd to the benetits tf,c:cof ~h1l1 f..~~c a~rct.i t:~at tl~c time for the ~.ey~~.:ent of
th; indebtedness hereby secured a~~~3 the mar.ner an~l smount of pay~i^ent the;eof and ihe benc6;s of the secunty afforded
(iereb:• r:~.iv, «•ithout eonsent of such per~on 311d w•ithout anv o!~?i~:tion to ~n~e notice oi any ~in:i t•`.~;r~to, be exten;ied,
reestended, accelerated, suspended and refunded on an5~ ter,ns •.+•ti:~es~:,c~:cr ~~it;io•1; in any manner .ii7ec!in~ the ~rinricy
~~i th: licn lierebti• ueated as security for t}ie ~;a}•ment of ih~ i:;?~:~:e.~ress se~~.rc.i herob~ or an; obli,~zciun subs!itutc.3
;h: ~ef ~,r or is,u: ! to refun:~ san:e.
t'OL~RTH: T~hst thc mort~~isor t~r;cs to keep said premises an.l im~ ra~-ements thcrenci ,~oo_i c~~n.iitiurt : n i rei ai~
an:i net ro:~,n?mit or suf~er ~caste t't~ereoE; to opertte .~l! 1:^~ls, wf7eth~r in;~ ro~•rd }~a~tur.s, c~rcii.u'~, .;z:~:~~, ti.:,'~.r, u:
crop lacids, in a~oo~ and hus5sndmanLk; manner in accun?ance «•ith sa-e,~'eu t~rin_i~~lcs of sound ~~ric~utur.~l :~nd f~res!rt•
fJC.~.CitC~J; ,o take all re.'.SOtI~~~~C i)~C~3!.tl~~lli I4 CJ:I![O~ `.~1.^.~.1 .I[l.j \~'.2iC-f CCO•I~!il' iii [~y:!i:2.' ltilt IOl'~t~ ~~.1~iifCE'G, II .i:11'. '•1!t~_Cl'
r..,:.s:.:;; to n~aint.~in a~eod st.::i~', of ,1.,irabte ~;rass.;; to rrot_i: o:~har~l~ .~nd tir:,~cr, :E ~n~~> b.; re.,;on:'~l. pr~_
.,•~in:: lo:; or damzSe by 6re including the maintenince of at rc~prt:ile' hre:ks: :ind ~eith•:r r_~ n~~r ~~,r::, ;!};e
rcr•....:! of ir; ti:nbcr, 1-,uil.~iings, oil, ~.is, r. inc-,1. s:+~r,.. :.~~k. cl:•, ic:~:ii~c~, .=~•.1 or tu• ~i ~~:itiio::t :i:~ ~...o: ~..._u
~11:?~~.'lf Oi ~}l~ ITlO:t~a~ee. ~'h: Ii]:~it;~s~~e sh.lll }:3\'C' ~[1;: f{~~}: til lllS~ L.. t - `~~"~l ii ' . • ~i . 1?~~~~;~ ! .^.1E~
1:1c; 1flicf\'3I5 15 t}1C fTlOt~~^,3~~C IT;.'.y' ~~C.'SSCt, t~~ ~~:i~'f[71!f7C '~:c• (?l:?C[,,d:~OLS ".O::ij)~I.LP.C; ~,I.~1 ~~~\',_f';!1', ~,•(l:. .iti,;
C~ ~t1S~ pi t~IIS IllOf[f~~~C.
l~I!~Z~H: "l~hat the mo:t~ag<~r agrees to pro:vre, rr.aintain and ~icli~~er, Frer:~irn:s ~ a~' *o ''~e r?c.:tr~^e; i~~iic:. , ~f
.(1SttLiflCC :'~.Lif1Si such h:izar.i; c)Cl :}:C ~Ul~i~i.l};i !10~1: }l,r~_:iftcr !ocate.~ OIl 5?uj ~rf'il'.iSE'~ ..S ~})C I;,Uf!~1~~C f]]1C 1'.'~~nl '.!7':c
IQ ii;~.C .*:C~illCC~ 1? SLC~I CORIj 1'.G]($ 2fli.{ 1l'i $.Slfl :!l':Ol!(:! ~1'ic~ :?':;•fi ~.,i5 i.i1 li't`: (:.'t!bf'S ~~711i ~JC i:iltif~C-
(~lTti iJ t}1C cr.ortr3~ec. The n:or!Ci~!CC l~ ;lti~~:,?:. :~i t~., :i .i..;~ ;t~..._. i"~1~~_!CS i:l :_Il}~ i~lll:lt:SCi Of i~llj (!1OI:~.it;E v.
tu the ~;~_~;c}i~ser1of said premises at any foreclosure salel 1~1 e~~..r,t c~f .r: ~r:~:.:_~ i~ cs}~ce,~'•.• :~_~th,~:iz~.i : n~l e~:n-
E~01~cC~'.{ :J ..':~C UC COC(7~?f0I11iiC CE'if715 !lll.~,: S,il~ rC1tC!:'>, : Rc~ fi:? :`?"O(c^'.~ 2:~~11 ~ai~:3 roI:CIC; :1~ R'~`~1 :t5 any ou;:r i o1: ie;
~.rocured L:v the r.:ortgs~o: shall be Faid !o the n:urtraeee iz~ho at its sol: d~scretion rr:a~°~apj~ly~ same or anj~ ~~art thereot on
~,f tlt~~ ia~>b;cdness secure~l Lerebt• «hetlte. o, ne; the~~ :{u~ an~' f.~r;b!~. or ma}~ aPPlti~ the n~e ~r ar.; ~~:rt tl:c:cof
toz+~ards the alt~ratian, reconstruction or repair oi said buitdin~s, either ±o tlic p~?r~i~.:i ei,un.~~;~.i o: :~1, u:h:c ~r;i..n t~~creof,
or rei;a;e sar:~e :o the mo:,t;a~or. ~uch rl;cation o: :c~?,: :e sl:a:i not c:::e •,~~.~i~e an}' defaul: o: not_~e of ~_lef.ui;: `,,:e-
urn.i~r or im•ali~?~te an}• act doae purs~iant to such n,~t:~e.
SiYTH: ?hat in the e~~ent the mart~l~or sh.;ll f: il ?o j~ro_ure, ;::~in;~in ~~~:i ~leli~•cr th: insur.~;~:: F`~~~'~~~'• P`~"'~~"'~~'
pr~l~aid, o; ti> t a}', as the san-,e bc~~~mc due ~nd ~:i,,.ihle. .:ny tax o; .~,~~ss;r,:nt i;t~po~e~l b: I1«~ upan s:ii.l ~~r~m:;c; i;; anti•
~:trt !he:~ol, o: thc t~ote, or indebte~3ness secured her~i};•, or :o :in~; !i~n, clair~ or char~e wgains! su~h prer:~ises <<,;~:~}~
mieht take n:ecedence over ihe lien of this mort~:i~e or con.plt~ ~;•itl~ ti:e pro~-i~ion: oE ~ara~rlph I'c,::rtli }~e:~of, the
mo: ;e~i~ce rna}', without notice or dAman~i, ins;uc ar~y~ oi thc b.uldin~ and j~zy th; cost of such insuczncc and 1:aF~ :~~j- ef
said ~1k[5, assessments, liens, claims an:j charges, or ;.n~~ part tiiercof, or redcem from the sale of slid ~~re~t;ises for ar,y
t.iti;es ar assessments (irre~ularit;es in the le~~j• or im~ociti~n of any t. x or 1ssc;si~ent bein~ ezpr~ssl~ ~vai~•e•j), er r;:?ecm
from th; sale of said premises result~ng from th~ er.for~ement of any such tien, clairn or ct-,irge, or ex~en;~ su:h sums as
ma}' b~ necessary to cocrect the failure of the rnort~agor ro comply~ with .he pro~isions of said para~taph Fo_~rth, arn? ;he
mort~agar hereby agrces immediately to repa}~ to t'.~e morr~a~ce, w-itho>>t no;ice or demand, anv sums so piil ~cith i~terest
thereon at thP same rate as spz:ified in the note secured hereby~ on the ptincipal thereof after default and maturin•, ar.d atl
sums paid by the mort~agee with interest shall become a part oE khe indebtedness secuicd hereby, and in defa~ift of
immediate rEpayment thereof by the mo*tgagor the whol.e indebtedness securcd herehy~ shall at the option of the rr.ort7agee
become due and payable ,forthw•ith without notire.
`,~.~:i~i:- ~ tr~e ~~E~nt t+~at ~:~e ~~r~rt~-a;;~d ~2'~'li.~t3~~ o~ ~.~:~r :-.ar t' <~n t.z~~z~e~1'~
~7~.C~ 02' C~J:'~IE?'~J~'~ t7?'i~~r ~'i0 LTIE L~.!'li; ~~~tE. ' :l+~r:~~ti$CiC~,':3° 9~:`,.~Tt.~ :?=:T'C~~ .1. ..'.i',? , C)rs6Ti
* afd i.ri ft~'."~., :t.an ;,t~e ertir.~ . ~~nectr:r;r:~:s:~ sec:irrt~d ??1' i~^~s '~;-+r~ - . ; ;t_ ~;:~s
~ .__~rl i,i ~}il! . ~~lj't~'1~Lr:?~s, ^r,~ar:1j";A (a:i? . ' 'c7~~.1~~
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