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HomeMy WebLinkAbout1837 i ' ~ ~ ~ . ~ ; i , ~ and ahall perform, cc~nply with and abide by each and every the stipulations, agreements, catditions and covenants of said purchase maney note and of this mortgage, then this mortgage and the estate hereby created shall cease and be I null and void. ~ ; I And the said Hortgagor, for itself and its successors ~ ~nd dssigns~ hel^eby covenants and agrees: j 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said prnmissory note, and this mortgage, or either, prnmptZy on the dates i respectively the same severally come due. ~very sueh installment I af principal or interest not paid when due shall bear interest ; , at the rate of eight per cent (8~) per annum until paid. ; i 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of every I ! nature on said described property each and every, and if i ~ the same be not pramptly paid the said Mortga~ee, its successors, j f legal representatives or assigns, may at any time pay the same I ~ withovt waiving or affscting the option to foreclose or any ~ right hereunder and every payment sa made shall bear interest from ~ ~ the date thereof at the rat~ of six per cent (6~) per annum. _ ; n . I 3. To permit, commit or suffer no waste, impairment! ; or deterioration of said groperty, or any part thereof~ ~r ( . I 4. To erform com 1 with and abi b P , g y de y each and every . the stipulations, agreements, conditians and covenants in said ; purchase money note and in thiv mortgage set forth. i f 5. If any of said sums of maney herein referred to be ' ~ not promptly and fu11y paid upon the satae becoming due and " payable, or if each and every the stipulations, agteements, ~ ~ conditions and cavenants of said note and this mortg~age, ar I ~ either, are not duly perfarmed, coacplied with an~ abided by, ~ the said aggregate sum represented by said note shall become ~I f due and payable forthwith, at the option of the Mortgagee, its ~uccessors or assignsr as fully and completely as if the said ' ! f i aggregate sum was originally stipulated to be paid on suc}; day, i ~ anything in said promissory note or herein to the contrary not- i withstanding. i ~ 6o To preserve, maintain and care for an citrus ' graves upon the above described premises, so long as all or any I ~ y ~ part of the indebtedness secured hereby remains unpaid,~ such ~ care and maintenanee to include cul.tivating, spraying, dusting, ~ pruning, fertilizing, together with watering and protection against i damage by frost and fire where customary and in keeping with ~ local practice, marketing of crops and replanting of trees when I needed, all ta be done in a huabandlike manner and in accordance ; with approved raethods of grove culture~ ~ ~ After Hortgagor has paid S70,OOQ.00 Un account o~ , ; i the principal of the debt secured by this mortgage it may abtain " i partial releases from the lien of said mortgage, from time to f time, upon the f ollowing terms and con~itions: ~ (a) That said mortgage, at the time of release, ; ; be in all re~pacts in gaod standing and no~ in default; ~ ~ (b) That alI unpaid accrued interest to date plus ; a sum equal ta 5400.00 per acre on account of princip~l ! I for the land being released be paid at the time of release; i I i ! ~ f U R ~ ! ~ ~c~~ ~.~f~ 35 ~ . i ~ ; .