HomeMy WebLinkAbout1412 SEVEN~I'ti: "1'hat the mortgagor :i~recs to pay on deman~i all cspenses an.l a~turn~~s' fees incurr~.i b}' tli~ mo:t~.,~::: b}'
rea.~n uE lir.i~:tion With thir.i partics to protect the lien of t;~is n;ortg.~ye an~l all t~xmey~s so paid bp the nlort~.~~ee, includ-
ing any~ exrense incurred in procuring or cortinuing abstr.ich of ticle :in~i title policies and searching thc recor~~s for
the purf~oses of such litig~tion, sl::~ll hear inte~est at the s:une cate a: specified in the note secured hcreb5' on t~~e prinii~al
thereoE ~'iter default an~l m:itu~it~~, an~i znti• such sutns so paid ~~~ith intr;est th~reon st~all constitute a lien u~on said rremises
zn~i be se:ure~i b}' this mortFage and in ~iefaul; of immediate rep~~•ment theteof by the mort~a~,:or after .iem.~nd, tf:e s~~t:ole
in:iebm ~ness seceireci hereby sh3ll at tlic• e~:ion of the mort~ag~~ become due und p:~yable forthnith .vithout notice.
EIGHTH: That as Eu.tn,r se:urit}' fot tlie p~yr.~ent u: ~~id indibte:lness and die performance of ai! of the t:rms,
co~~:nants in~l conc~itians hcreo't, thc morcga,~er does hereby mortga~;c, transfcr, set o~•cr, assign and plcdge to t}~e mort~~_i~:e
tiic lessor's intcrest and estate in ~It teises, including but not limitcd to ~is, oil and mineral lcases, non• ~r he:e: fter at~ecting
the s:;i~i ~rrmises or any part thereof, :uyd el! rents,~ issues, ie~corn~ ~cofits, ro}~sities a~nd.boouses due and to hecome ~iue there-
une!er, an.3 in the e•rent of a default undet any of the terms, co~-en.ints an~i :onditions of this mortgzge the mort~agcc i~
hercby authorized and cmpowered to collet[ and receive all su~h re,,ts, issucs, incoa~c, profits, royal.i~s and bonuses due and
to becotne due and to apply the satne a~;ainst saici indebtedne~5. So long, ho~ti•ever, as there shall be no default hereunder the
?lortg :~or >halt hive the right to coUett and receive an}' and all ~iith rent~, issues, incomc, profits, ro~~alties and bonuses as
the}• rrs~~-cti~~ely become due and payable, and to use the sam: «~ithouc aaountin~; to the mort~a~ee thereEer
NIN1'H: ?hat as further sec?~rit}' for !h~ p~t~ment of s~id indebtedness and the performaac~ af :tll of th~ terr.,s
co~~~nants an3 conditions hereof the mortgagor does hereby cnort~age, transfer, set aver, assign and }~Ied,ke i:nto th~ n,nrt~~:
al: cicrus and ~rher crops nov~~ growing and herea[ter gtow~n on s iid ptemises, ; ereby giving and grancing unro ~',:e mun~agee a
fir;c and prior lien thereon, provided, however, thac such lien shall be and is hereby esptessly made subject a,7~i subarc~inare
Yu an}~ ~rop mort~age covering an~~ citrus crops «•hich tcme into exis:cnie by~ bluorn prior to for,closure sale as p:o~~it'ed
6~• ch~; m~~rt~;:i~e or any annual uops plante~l J,ri~~r to sii~l foreclosure sale, the pre~isions of pirabraph Te~~th hrrrr,t not-
w•ith;tln~lin,~;. Am~ suth uop mort~a~~e shall no; ho~~~~•er he a lien prior to this mort,a~,e un an}~ titri~s crop cutnin~ ~nco
being bti• blo~~m subsequent to s~id foreclnsure s::., or r;r. ,~n~~ snnua! crop plan;e~l su~~ec~uent to ssi.~ forei,usure s.il~.
"1'f?NI'H: "I~hat the mortgagee ma~~ rel~~se for such consid:r..tic~n, ~~r no;~e, it may require, :1ny~ j~o;ti ~~f th~ ah~~•~
cle~crihed I.ind without, ai tn th~ rem~inder of tl:^ ~c:!,r't~:, ia am~~~ise irn~~airin~ ~x 1(~e~ting tl~c liens and ~rioti:ie~ hercir,
prc~iaed fur tlie m~artg:~ee compa:~d to an}~ ;uborclin.t!e l,~nl~ol~lcr.
LLEVFNT'H: The net proceeds of am~ ju,l,~mc~lr, ;~.~zr.i or :ettl,mer.t in any co~drmnatiun o~ ot}~er ~roce:.?;n« ior
an~ ~lima~e (o the premi;es, buil:?in,~s a; o_h,, tizt:~:c. ;l~erc~~n st;.ill b~ p::i~l to the mort~a~ee anci shall at its or:ion, ei;h~r
be : pplie ~ as a eredit on any ~oction of the LfO~11ti b.il.~nre oi the n,~te s~~i:-ce1 ~~~reh~, s~.~hct;,~r tt;en r~..tc~~~d c~r :o n,1'iire
in ilze future, or be released to mortga~or.
'I~~/EL~I'H: That if the rnortgagor shall default in ihe perfo:n:ance of any of the co~•en~nts or 1?reements h:refr
eontair.ed, or if an oaner of said pre~miscs shall fil~ a i~etition ~e;:k;n~ :u~ :rr::nt,_~n~,en: o: composition or extension or :+nt
oti~er relief under or pursuant to the Fe~j~ral $inkru~t«• ~ci or an•: othcr si:ni!.:r ~,~•'.ute as no~~ or here:fte: in e$ect, or
sh:`.( t~e adjudic,~ted hankrupt or in~of~•cnt or an}• of his ~r~p:rt}' shal! have bc•rn sec~u;;tcred and sucn de~ree shall h~v~
co:~tini:e~l undi~;i~ar~~e,3 snd unsta~•e.: foc ninet; ~lays after the entn~ thereof, the entire tndebte~3nc~ss hereb}' secured, includ-
in~; all E~ayrnents for taxes, assessrnAnts, insurance Premiums, li:i:s. attornris' fees and cs~cns~s herein s~
cc~hed, s1i311, at t}ie
option oE the mortgagee, and ~•ithout notice to the mortga~or,. be ~{ue .:nd co,lect~ble at once b}' foreclos~ire ~r o:herwi,e;
and, ~xcept as to propert~ ~~here such pro~•ision is prohibited bi~ i:~:~:, u,on co~i~n:encem.ent of any foreciosure or at : n}• time
thereafter the mort~agee, as a matter of right, without considcration o~ the value.of ci~e prcmises, or uhether the ~:o.~crt}
rs prob~bly~ insuffirient to dischar~e the mortga;c debt ar is in ~?.in~er of Fe:r.~ ios: or :emo~~e;3 or inj«red, and irrespective
of the sol~•enc}• or insolvenry• of thc mertgagor or the then on~ner of said premises, and w~itnout r.otice to tl:e mort~a~or or
any peron daiming unde* him, shall be entitled at once to the acpointmrnt of a recei~~er for said prem;s°s, to collect the
rents, issues an~i profits therefrom d~,ring the ~+endencv of suci~ forcilos~~re, an:3 t}~e proceeds of sa~d receiversnip shail tx
a~~:lie.i b~; s~id receicer ton~ard the E~a}'rnent of the in~iebtedness ~ecure~i by !his mortn:ige, ot toti~:ard the ~a}':ren: of svch
part oE c}ie judgrricnt rendered ti~ereon as may rcm~in uns:itisficd after the sale of said t remises, nr to rei s~ to the mort~s~„ee
any advancements ~hich said mortgl~ee may make after the commencement of forcr?osure action ~or ta:.es, assessrner.ts.
ir.~~ir:in:e or o+her charges as herein provided, together with interest thereon at thc s.~me rate as specified in sai~ nute s~cured
hereb? on the prir.cipal thereof after clefault and inaturity, and fro~n the proceeds oE said recei~•ership said receiver may mai:e
nccessary repairs and kcep ssid premises in proper conrlition ane; re~air ~~er,ding sticl: sale, and pay~ all taxcs ~nd assessments
3ccrec.l or ~ccruing or redecm ftom sales therefor and ~ay insur,.nce ~remiunu necess.+ry to k~e~ said premises insur.ed in
~ccorci~n:e a•irh the pro~•isions of this mortga~re, an.l pa~• oth:r ncorer ch~r~c•s as h:rein ~ro~~ided. and ra~~ the expensc of
ChC iCCCI~'C!S}ll~. ~ • '
Tf-~IRTET:N'IH: Irt ~~se this n;ortg:l,~;e he fore•:losc_! h;• .t suit in eyuii~ and ihe mort~;aged prerni~es be s:,i~? ;o ;atisfr
~ u: eur~;iu,~~re, !t•.e proceeds nf such sale shafl he a~ pI1Cc~ 35 follow•s:.Pirs,, to the es~,crse: i~curre:i he-eu;,,~:r,
. se:or.~1, to a reasonabte attomey's fce not ta exceed fi~~e ~eecent oF the indeb,edness for st;ch seR~ices as n:ay he n~.essary for
' th:~ tcl:eiticn of said in~jebtcdness :~nd the foreclosure of ±his r~iort~ag= ; third, to :he ~a}'rr:cnt nf a•h:~;r~-;:r ssr,~ or ;u~t~; ~he
rrn~rt~a~ee may hatie ~aid or become liab!e !o pay in carry•ing out tl;e terms an~i stipiilations ~~f th:s morte~.~e, tu~ether a•ith
:n[erest thereon; and Gnzlly ta tl~e psyment an~3 s~tisfaction of sai~1 note. Tt~e balarce, if .~n~, ~h.tll. Unlc~s ct~_ Cour; decr:e
otherc~;se, be paid into thc re~istry of the Court ha~•in~ juris:~;.tion of sa~d foreclosure suit, to abic?e tt.e Eurther cSr:'.c: of
said C.ourt.
FOUFt"I'EEIbr1'H: 7'11at the mo:t~a,or is 1~«~fully seireJ of sa;d t.remises in fce simple and has good ri~h~ ar~~i I~~w•ful
authority ro sell and convey the s.~rne, that tt:e same are free from eac:imbrances except zs aforesaid, that it ~hall be law,ul for
tl~c rr;a:tgrgce at all times, pcaceably and quictly to en,er upan, hul~l, oc;upy an~i cnj~}• said premises and cti•c,ry past thereof,
that the mortgagor wil! exetute or ~rocure any further n~cessary assur::~ces of ;itle an~ dces hereby forever warrant g,nerally
tl~: citle to said premises and wil! forever defend the szme a~;ain5t the clairr.s and d~mands of all ~ersons whotY~socver, and the
mortg:gar and the makers of said note espetially a~r.:e and dcclare that the separate estate of each of thcm, whether vested,
contingent or in expectancv, is hereby conveved and shatl be bound for the payrr~ent of the debt hereby secured and earh does
hereby expressly waive, release and relinc~uish a{1 ri~l~ts 3rn1 ber,efit~ of any homestead. apnraisement, eaemption or stay to
i~ich the}• may~ be entitled under the laas of the state in a~hich said premises ace situate, to2ether w;th a11 dower or nirtes}~
rights, and all in*.erests and es±ates, statuton~ and othPr~~ise and nf cti~en• n:~tur~ «httsue~~er in ar~d to slid t;cmises.
i~I'~ I'EEN7'H: ~at the giving of n•ritt~n notice addresscd to tli: o:r•r,crs of rcco;d of said premises or addre,scd to ~
the said ~w'ners at their [ast add.*ess ac;ua!!y furnishc~3 to the t~ort~a^ee, at ~ddressed to the owners at said premises, a~d
gr;r~;~~ .