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HomeMy WebLinkAbout2698 MORTGAGOR DOaS FURTH~R mort~s~e, tneufer, ~eL over, as~ign and ptedre unto Ddort~atee a12 erop~ now ~rawin~ ~nd hereafier ~ro+wn on the mortsa~ed pnmisea, hsreby givins «nd ~zantarig unto Mo~ a first ~nd prior lien thereoa~ prorided, bowever, that ~I1C~1 I1Cp ehal! b~ and b hereby made expree~iy snbject xnd ~ubordinate to any crop lien or crop mortsare ~ncpmberin` cro which come into exiaLence prior to forecloaure sate Rs pm~ided by thb mort`art, tha proTisions oi eLure 10 he nothwithat~ndin~. Any ~uch crop lien or erop mortgare r6a11 ~oL bowr~ar, be a r~ea prior tu this mort~~a oa au~ crop cami in4a rxutence s~bsequenL ta eaid tareclosurs irale. "Gama ;nta exietence" ~nd "eomin~ into e~ciateace shsU. tor ~ putpode of this mortga~e, mesn bloam in the caae of crops f~m perennial plantinge and orcharda, ~?nd shall mean plantinR in the caae of crope irv~ •nnu~rl or rhore irec~uent plant- inqs. Nothietg herein contained, however, shall operate to subordinate the lien oi this raort~aee re wtiectin~ treb or other perennial pl~nts but ~hsll w opezaLe u te~ the ernps hazv+estecl theretmrn. TO HAVE AND TO ~IOLD tkie above srsnted and d~scribed premieea unto ~ort$~+ee, ita aueterson and assiaas torewer. Mor~.,gagor henby covenanta that Mort~agor ia indetea~ibly eeized of the Mortgaged Premisea in fee aimpk; tlut Mortga~or ~s ia aetuai ian thereof and haa full power and lawrful riRht to convey the a~me in tee ~ienpte ~s aforeaa~d; that it ahall lAw+ful 1'or Mortgsgee at all timea ta peacesbly and quietl~y enter upon, hold, occupy and en~oy •ll of the Mort~a$ed Prtmi~es; thst the Martgaged Premiaee are free 4rom all incumbrsncea except u dore- aa~d; thst Mortgagor w?11 make such further aaaunnce to prove Mortgagor'~ fee aimple title ea m:y be ~easona,Dly required wnd that Mortgagor will and ehall fully warrant snd defend the title to the same unto Mort~seee aeainet the Ixwful claims snd demandri o! sll perao~sa whomaoeves. PROl']DED, ALWAYS, and theae presents are upon the express cc~ndition that if Mortgag~or ahall paq unto Mortgagee the sams of money ae provided in th~e promis.gory noLe aforesaid and any extensiona ~r renewals thereoY arni interest thereon, at the titr.e and in the manner thQrein provided, whether in due course or under any covenants or atipu- latinns herein contained, and shall pay sil other indebtedness or liabilities secured hereby and shall well and truly keep, periorm snd complp with all ;,he covenants, agreementa and stipulationa hereir, contsined. then the estate hereby grtnted, bargained, sold and conveyed ahall ceaae and determine; otherw~ise Lhese presents shatl be and remain in full force and effect. . And Mortqa~r hereby jointly and severally covenanta and agrees to and with Mortgagee sa followa: 1. To pay all sum~ aecured hereby when due. 2. To pay all 4axes and aaaessments at any time imposed, Ievied or asseased on the Mortgaged Fremiaes or the irdebtedness securer~ hereby, or the Mnrtgagee's intere.at in the mortgaged premises before they become delinquent (anc? produce reeeipts therefor upon demar,d), and any claim, lien or incur~branee againat the Mortgag~ec3 Premisea which may be or became prior to this mortgage. 3. If the Mortg~aged Premises or any part thereof become embraced wichin thz boundaries ef usy ;rrigation, levec, drainaqe or other improvement district (except school or road) and such district shall hsve power to iasue bonu~e or other evidence of indebtedness requiring the levy and collection of taxea in pay~nent thereof, the note hereby aecured shali at the optivn of the holder thereof, without notice, beeome due and payabie, notwithstanding anything eontaitted in said noLe, or this mortgage, or any law that may hereafter be enacted. 4. To keep the :wiortgaged Premisea other than lsnd continuously insured against loaa by fire and' auch oth~Y hazards sa may from time tc~ time be requested by Mort~a~ee in rompsnies and in amounts in each company ae may be approved by snd be acceptsble to MortRagee; all insurance policies shall contain khe uausl standard mortgagee clause making the lo~s payable, without corrtr~bution, to Mortgagee se its interest may appear, and ahal! be delivered promptly to and held by Mortgag+ee. Not less than ten davs in advance of the expirstion of each policy, to deliver to Mortga~e a renewsl thereof, together with receipt for the premium of such renewat. The proceeds of anq auch insurance or any psrt tnereof iney be applied by ?Fiortgagee at its aption, either to the indebtedneaa hereby secuml or to the reatoration or repair of the properLy damaged. 6. That Mortgagor (iy will not remove or demolish nor alter the deaign or etructural charact~er of any bnilding now or }:ereaiter erected upon the premisea unles~ Motgagee shall first conaent thereto in writing; (ii) vritt snaintsin the premisea in yxood condition and repair; (iii) will compiy witn sli laws, ordinances, regulationa, covenanta and restriction3 affecLing the premises, and will not suffer or permit any violation thereof; will furnush auch informstion respecting use and operation of the premisea aa Mortgagee may from time to time demand. 6. Thnt Mortgsgor (i) will not commit or sufter wante of the premi~ea or impairment in snq manaer oi the agricultural value of the land and without limiting the generality oi the foregoing, will cuitivate, irrigxte, fertilize, spray, prune, replant orcherda and citrua grvves, keep the non-timber I~nd free from foul and noxious w¢eda, brush and other undesirable growths prnvide for etock selection, crop rotation, drainage, ptevention oi erosion snd pasiure maintenance in accordance wit~ good husbandry and the new approved methoda of agricuttursl develo~ment; will not cut or remove or aufter cutting or removing any treea or timber on the premiaee (excepL for domeatac purpc»ee) or remove turpentine or permit sny cupping for turpentine without Mortgagee's written con~ent; (ii) will operate the timber lande on the premiaes in accordance with sound practices of production, esre, and harveeting; (iii) will take tho~e accepted io:eat eanitation and control measures which are reasonably necea~ary to prot.ect s~id timber ltnda from dieease and insect iniestation; (iv) will take atl mesaures which are reaaonably neceasary to protect said timbet lands from loss by fire, whieh meaaurea ehall be at lesat equal to fire control practices generally followed on timber producing property in the same generst erea, including the adoptian of euitable prevention and cantml tnesnurea, the maintemance of roada in nuch mannar ss Lo permit accesa af mobile fire-fightinq equipment to all parta oi the timber landa, the maintenance o1 fire lanes, pmper diapos~l of slash ar,d slabs and Yull co-operation with etate and federal agenciea on matter of fire prevention snd controi. That an often as farest, wild fire or other hazard, including windstorm, damage the timber landa, Mortga~gor ~hall deliver to Mortgagee within 20 days after the happening of each such xcurrerce, a detailed atatement in writ- ing, specifyin~ Lhe number of trcres damaged and an eatimate of the nature and extent of the resulting dama~e; tFst, if in the opinion of Mortgagee, such meaaures or equipment are inadequate, the Mortgegar will, upon wtitten requeet of the Mortgagee, adopt auch ndd'itional measuree and acquire and msintain ~uch addikonal fire-tighLinQ equipment sa r4~e Mortgs~~ee may require. To pay tn Mortgagee upon demand alt euma, including costs, expense and reasonsb~e agpnC'a and attarney'S ' ~ feea which it may eagend or become obligated for in proceedings, legal or otherwise, to establiah or auatain the lien hereof or its priority, or in defending agyinst liena, claiTtss, righta, eststea or eaaemente of any peraon or pereona seaerting priority hettta, or in paqment, eettlement, dischRrge, or release of any asser+.ed liena, claima, righte, ease- ments or eatatea an counsel advising Mortgsgee that the asme is euperior to the lien hereaf, ax for an 4bstrset or eupplementsl abetrsct, together with intereat oa a~11 such sums so paid at the raLe of Len pQr ~cen4 (10%) per snnum on the dAte the eame ~re pxid. Mort~agor aleo covenants and sgreea to pay all costa, charYes and eapenaea, including reaaonable attorney's fees and commisaione and abetract charges or expensea p~id or incurred by Ddortgagee in eon- ne¢tion ~vith any ouit to enlerre rnllection or to foreclaee thia mortgsge in the event this mortgage and the nate or othez indebtedneaa and ~mounta hertby eecured be placed in the handa of an Attorney for collection, and for the psy. ment of ail euch amounts this mort~e~e alu~lt atand aa eecurity and any auch aym or sama ao paid ahall become a part ai the in~ebtedneaa secured hereby. B. In csse 3dortgagor ahalt fsit ta pramptly diacharge any obligstion or covenant ax prorided hezeia, Mort~e~ ahsll haee the option, but no obligf~tion, to p~rform on behalf of Mort~agor. Any wmeunt which '.1~ortgagee may expend in periornung auc~t act or in connection therewith, with interest thereon at the rate of ten per cent (10%) per annnm, Loa+ether witlt all expenaee, inciudit~g ressonable sttorney'e fe~es ineurrecl by Moftgag+ee, ~hsll be imrned'iately paqable bp 1[ortgagor ar?d ehsll be aecvred by thiss mortswge, ~nd Mortgngee ahsll be eubmgsted to •ny righta, cquities or liene .o disett~rtad. °cp~ ~~5