HomeMy WebLinkAbout2794 S/OR1'G.+ICOR DOES FURTHER mn , trsr~sfex, set over, ar~sign and pled~ unta Mort~aree wil cropr now
srowin~ Rnd 6erwiter ~rown on the motKga~remises, hereby giviAg end ~ranting unto Mort~sce a fint and prior
lun t6ereon, pro~rided, howe~er, thst wuch lien s~11 be ~nd is hereby m~ue ezpreaaly rubject and subordinxte to i?n~
~ crop lien or erop mortrsre encumbering emps whieh tome into e:iatence priar Lo toreelosure aale as pm~ided bq Lhis
caort~?~e, the pro~is~ona ai elause 10 hereoi nothwithsCandin~. Anq such crnp lien as arop mortg~re ahaA not how~e~rer~
be lien prior to thia mort~a~s oa an~y erop oomin into eustence aubeequent to said forecloeure sala. "Coma into
e~ciatener" ~nd "wmin~ into eYtetence ahall~ for ~e qurpoas of this mortgrge, mean bloocn in the case oi erops frant
pennnial plantings and orehasds, snd shall mean p]~?ntinQ in the caae uf crops irom snnual or more trequent pLnt-
in~ . Not1?ing herein rnntained, however, s}~~11 oparat+e to subordin~Ge the lien oi thia mortg~¢+e e?a uffectin~ treea or
ot.her perennul plants but shall w operate u to the cropa hsrveeted tbereimm.
TO HAVE AND TO HOLD tbe Rba~e ~rsnted snd descriDed premiaes unto Mort~agee, its sncces~ors and aasi~as
farrver. ,
Mortgsgor henby covenanta th~t Mortgaq+or ia indeteasibly ~eized o1 the Mortgsqrd Premiaes in fee aimple; that
Mortga~er ia in sctusl poea~~~ion thereoi and haa full power snd lawiul riRht te convey the same in fee ~unple as
aforesa~d; that it ahall be l~wful f~r Mortgagee at all timea to peareably and quietly etrter upon, hold, occupy and
enjoy al! of the Mortga~ed Premiaes; thsi the Mort~ged Premiaea are free from ail incumbrances except u atarc~-
said; that Mortgagor w~li make auch further aesursnce to prove biortgsgor'a fee aimple title aa may be reaaonably
required rr~d thxt Mortgagor will snd shall fully wsrrant and defend the title to the aame unto Mort~agee rgair.a*.
the lawful claima and demanda of all peraona vvhomaoever.
PROVIDED, ALPVAYS, and theae presents arn upon the expreas conditeon that if Mortgagvr ~hall pay unto
Mortgagee the aurns oi money ae pruvided in the promissory note aforesaid and any extenaions or renewals thereof xnd
intereat thereon, at the Lime and in the manner therein provided, whfther in due course or under any covenants or atipu-
lati~ns herein contained, and shall puy sil other indebtedness or liabil~ties aecured hereby and shall well and truly keep,
periorm and comply w~ith all the covenants, ak~reements and stipulations herein contained, then the estate hereby grar.ted,
bargained, sold and conveyed ahall cease and determine; otherwise these presents shall be and remain in lvll force
and effect.
And Mortgagor hereby jointly and severalty covenants and agrees t~ and with Mortgagee a~ followa:
i. To pay all sums secured hereby when due.
`l. To pay all taxes and aaaeasments at any time imposcd, levied or sasessed on the Mortgaged Premieea or the
indebtedness secured hereby, or the Mortgsgee's interest in the mort{~s~ed premiges before they becuma delinquent
(anc! produce receipts therefor ugon demand), and any claim, lien or incumbrance against the Mortgaged Premiaes
which may be or become prior to this mortgage.
3. If the Mortgaged Premisea or any psrt thereof beVome embraced within the boundariea of snq izrigation,
levee, drainage or other improvement district (except achool ar road) and auch distriM shall have power to usue bonds
or other evidence of ir.debtedneas requiring the levy and collection of tazea in payment thereof, the note hereby aecnred
shatl nt the oFtivn of the holder thereof, without notice, becorne due and payable, notwithatanding anythin~ contsined
in said note, or thia mortgage, or any Ixw that may hereaiter be enacted.
4. To keep the Moxtgaged Premiaee other than land continuouelq insured rgainat loae by 4ire snd' auch othex
haurds as may from time ta time be requesLed by Mort~agee in compan~ee and in amounts in each cornpany aa may
be approved by and be acceptabl~ to ddortgsgee; all insurance policies ahall contain the ueusl atand~rd mort~x~ee
clause making the loss payable, without cotrtr~bu4ion, to MortgaQee ea ita interest may appear, and ~hall be delivered
promptly to and held by Mortga~ee. Not less than ten days in advanca of the eupirs?t~on ot each policy, to deli~er
to Mortgagee s renewal thereof, together arith receipt for the prernium of auch renewal. The procce~de ot a.ny euch
ineurance or any psrt thereof iney be applied by Mortgs~ee aL itr option, either to the indebtedne~s hereby secared
or to the reetoration or repair of the property damaged.
6. That Mortesgor (i) will not remove or demoliah nor alter the design ar etructural charactep of ~ny baildfn~
now or hereaiter erected upon the premiaea unless Motga~ee shall first consenL thereto in writing; (ii) will maintain
the premisea in good cor• :ition and repair; {iii) will comply with all law~, ordinsnces, regulatione, covenaata and
restrictione Rffecting the ~remisea, and will not euifer or permii any violation thereai; will furniah sucb intormation
respecting u~e and operatian oi the preminea aa Mortgagee may from time to time dem+~nd.
6. That Mortgs~goz (i) will not comtnit or auffer w+aate oi t.he premiaes or impairment in any manner oi the
agricultural value of the land and without limiting the generality of Lhe foreqoing, will cultiv~te, irrigate, fertilize,
spray, prune, replant orcharda and citru~ groves, keep the non-timber land iree from foul and naxioue weetis, brvah
and other undes~ruble growths, provide for atock selection, crop rotation, drainagQ, grevention of erosion snd pasture
maintenance in accordance with good husbandry and the new approved meth~ds of agricultural drveio~ment; will not
cut or remove or suffer cutting or removing ar.y trees or timber on the premieea (except for domeatte purpoeee) or
remove turpentine or permit snp cupping for turpentine without Mortgugee'a written consent; (ii) wiU operste the
timber Iands on the prer~ises in accordanee with sound practices of production, care, and harvestimg; (iii) will take
thoae accepted forest sanitstion and control measures whi~h are reasonably necessary to protect ssid timber lands
from disesse and insect infestatior.; (iv) will take ali mesaures which are reasonably neceesary to ptotect aaid timber
lands from loss by fire, which measures ahail be ~t leaet equal to fire control practicea generally followed on timber
producing groperty in the same general srea, includinR the adoption of suitabte prevention and control measur~a, the
maintenance of roads in such manner as to permit access of rnobile £ire-fighiin~; equipment to all parte of the timber
land~, the mainterance of fire lanes, pmper diapoasl of slash ard slshs and full co-operation w:th atate and federAl
ngenciee on matter of fire preventi4n and control.
That as often as forest, wilc~ fire or ot};er hazar~, including windstorm, damage the timber lands, Mortgagor
rhnll deliver to liortgagee within ZO days after the happening of each such occucrence, a detailed statement in wri~
ing, specifying the number of scres damaged and an eetimate of the nature and extent of the resulting dnmage; Lhat,
if in the opinion of Mortgagee, such measures or equipment are inadequate, the 3iortgagor will, upon written requeat
oi the I~Iortgagee, adopt auch additional measuree and acquire and maintain ~uch addiLionai fir~fighting equipment
ae the Mortgagee may require.
7. To pay to Martgagee upon dernand sll euma, inc~uding coets, ezpense and reaaonsble agent's snd attorney's
feee which it may expend or become obli~ated for in proceedings, legal or otherwise, to eatabliah or au~tain tl~e lien
a henof or ita priority, or in defending sgxinst liena, claims, righta, estatee or easemenYa of anq peraon or pereona
# ~eserting priority hereto, or in payment, settlemer.t, dISC}1AY~, or release of any asaerted liens, tlaima, righte, eaae-
} ments or ~erstatES on counsel adviai~ng Mortgagee that the same is super:or to the liQn hereof, or for an abetrset or
~upplemental abstnct, together with inLerest on all such sums so paid at the rate of ten per c~nt (10%) per •nnum
on the date the same are paid. Martgagor also covenants and agreea ta pap all costs, charges and expensee, includinq
reasonsble attc~rney's iees and commiasions snd sbetract charRea or expenses psid or incut~d by Mortg~g~e in con-
nection with anq auit to enforce collection or to foreclose this mortgage in the event t'r.ia mo:~tgsge •nd the noLe or
other indebtednesa and smounts hereby aecured be placed in the hands of an sttorney for collection, and for the psy-
ment of all aueh amounta thi~s mortgage ahall atand as aecu ri~y and any auch sum or aum~ so paid ehall become a part
of Che indebt~dnesa aecnred here~sy.
S. In case %~rtgsgor shail tail to px~omptly discharge any obligntion or cavsni?nt as provided herein, Mortgt?`et
shall hsve the opkion, but no obligatiAn, to perform on behalf of Mortgsgor. Any •mount which Mortgagee a~ay expend
in performing euch rct or in connection therewith, with interest thereor, at she rate oi ten p,er cent (Y0~"'o) pcr annunn,
ta~riher ~rith sll ezpenaex, includi~g se~sonwble attorney'a fees incuned by Mortgagee, ahsl! be imme~iately paqable
by Mortgaeor ~nd ehall be ~ecurcd by thia mortgs~e, and MortBaqee shall be eubrog*ted to sey righLe, equities or ]iena
so df~chary~ed.
3;;D; .~t~~ c~l~~
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