HomeMy WebLinkAbout0574 ~f) Otser rAatteL daerlMd ui tdlow'~:
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Number Kind ~ Manufactunr I SiK •nd Tra Condltion
1lotor No. I Manutxtura
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ineluding any reD~~cemecte of, or aclditione to, each chnttele:
TO HAVE AND TO HOLD tfie eaid crop~ end chattele unto the Govrrnment, forever.
~ I11. THE BORROWBR COVENANTS and r~reee that:
! 1 i He is right(uily in t~~~ion of thr atwv~~atescrlbrd pruc~rrty at the locatiorr stattvl. he ia the at»uliite and e~clueive owner of the eaid property ~nd snid
P~~1~rty i~ [rre from all lien¦ snd encumbrancry, exer{,t: Inl prior lirn~ of thr Gocernment whicR liene. it xny, ehall remain in tuli force nnd rRect: IEI
, landlord's atatutory lirns ae provided by the !aw, o[ F~orida~. ;c~ otner lieno or r~.cumbrancero. xe lollowe:
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end he will warrant rnd defend oll property hereby mortQoQed aQeinst ~y er all per~on• whomwever,
(2) The morke and brands ebove uscd to descrlbe ony livestock ~re the holdinQ bnnds end cxny the litle, vlthoa~h the tivestoclc may have
` ofher taer.di ormaric~;
(3} He will properly caro [or •11 the property hereby mortQaQed; he will promDtty pey rll te:es, liene, and other ch~rQes rs~e~sed upon or
ottochinQ to the property morta~~ed hereby durinQ the time tht~ mort~oQe ls elfective; he wiil, [o the e:trnt permitted by low, pay the co~t o[ any
~ lien ¦eorches, litinQ~recordiaQ or other coste in perfecting, e:tendinQ, rrnewinQ or otherwi~e eatablishin; •nd continuina the 11en o( thl~ t+AORQ~~e
. in et(cct until the i~debtedne~~ •ec~ed hereby has been paid ln (ull; he wilt rot ¦ell, remove, or encumber the property heteby moRra~ed or suffer
others to do ao wlthout the written con~ent of t:~e Govrrnment Immedi~tely p.ecedin~ •uch •ctlon(e:cept th~t the Horrower mry useh~rvested crops
` mortQ~Qed hereby in •uch rmounts a• may be necessary to csro properly [or llvettock mort`~~ed hercby, •nd any other tlve~toclc owned by thc
Borrower and mortQo~ed to the Govemment); he will uae the fun!• kivanced by the Govttnment for the puryo~e~ for which such rdv~ncer wero made
~ and all propertles and (rcllitle~ owned ~y him or procured through •uch ~dv~nces ?a occord~nee w[th hl• wppilcatton (or aad fund¦ ~nd wtth •uch
FQmi rnd Home MonrQement Pl~n a• may be aQreed uporf from time [o dme bq the partles heteto; ~d wlll, i[ requeated in writinQ to do •o by the
~ Govemment, keep the property hereby mortRe`ed [ully ?naured, [or the trenefit of the Govemment a• its Interesu m~y ~ppeaq •Qaiast los~ by theft
~ or by ((re or other n~tunl cases. I~ he fails or re(ure• to insure any such property after hwin~ been rcquested af •[ore~dd, the Govemmmt, at
ita option, may pl~ce ruch in~urrnce (a [orce •nd the ~nount of the pttmtum therefor shWl be ¦dded to the t~debtedne~s secured hereby. My
proceede collected unAer inaurance policies provided (or hereln, at the optlon o[ the Government sh~ll be rpplied to the debt ~ecured hereby or
shaAl be uaed by the Horrowrer, wder the direction o[ t}:e Govemment, [or the replacrment or rrpafr ot the property stolen, dnnaeed, or destrcyed;
~ (4j I(, et any time, it ?hall oppe~r to the Govtmment that the Bovower mry be •ble to obutn a loen (rom ¦ production credit •s~ociation,
~ Feclewl tand bank, or othnr responsible cooperative ~r private credit source at reason~bie rotee and terms for lowns (or aimilor purposes and period~
o( time, the Borrower witl, ~on requett o[ the Government, apply Cor rtd accept •ur.h loan in sufflcient wmoant to repay the Govemment and to poy
' ~ !or ~ny stock nece~aary to be purchaaed in the cooperetivr lendlnQ ogency in connerttan with the loan;
15) He will, in order to secure or Detter ~ecure the aforesaid indebtednese ar.d eo lonK as any Dart thereot rem~in~ unDaid, execute and dcliver to the Govern-
ment, upon demand, at sueh place u may be specif~ed snd in euch [orm u the Government may re~uire. additional erop and chattel mortttages or other
~scuriiy instrument~ ort the Droperty eovered ~y thie mortKaRe snd on an~ other crope or other pereonnl pro~~erty then owned or tAerea[ler acquittd by him ;~nd
16i The Government ma~ enur at any reawna6le time upon the premisea ~vhere any ot the pmperty hereby mort~aQed is loeatrd and in~yect the same.
, IV. PROVIDED, NEVERTHELESS, tEat thtx Dresenti are uyon the eYpreu eondition that if the Etorrower shall DaY unto the Covernment all amounte
hereby ~ecured, and shali fully pettorm ~11 the terma, covenanq, aQreemen4, and conditions of thia mortQ~e, then thi~ conveyance shall be void, otherwiae to
remain in tull foree and eQett~
V. BU't, IF DEFAUL'f BE MADE in the piyment ot sny debt zecurecl hereby, or of any in~callment of DrineiD~1 or interest t}ureon: or if any of the
~ reprcsenutiona or w~rrantiea hercin made by the Bormwer or made by h!m fn hi~ applieation for any loan serured hereby prove false in sny respcet; or if the
Borrowrr tail~ to eomply pith any ot the covenanta or t~~eemenb hercin con4ined; or if tt~e Borrower or either of them ahall be adjudir~tcd a bankruDt, or
~ eommit an aet ot bwnkrupteY. or make s Qenersl asai~nment for the l,enefSt of ereditore, or take advant~ge of any Sute or Federal inwtvmty law; or if any of the
property hereby mortQa~ed i~ Rttached or levied upon by any penon othcr t6~n [he Government; or i[ the Borrow~er or either ot them eball die or become ineom-
potent: or if t~e Cwernment ~hdl dtem itaelf imecurc: t6e Go~ern~tnt maf, st it~ option, torecloae in rny manner Dermitted by lawr or ezeroix ~ny or •ll ot
the rcmedies hereinat4r apecified, tAe ezvci~e of any of which shsll not be a w~aiver of ~ny other such remedy or of any other ri~ht or remedy otherwix avail-
- nble to tbe Gorernment in law or epuity tor tAr entorcement of thia morlQa¢e, or for the eollection of the indebte+ineu secured hereby, or tor tht Derformanee of
the covenants and tsretments herein conttined.
(i) The Govcrament ma~r deelare th: whole ot tha indebtednea~ eeeured hereby at onee due and pnyeble:
- (2i TAe Covernment mv make euch expenditure~ Rnd perform wch actt ~e it dcefri~ neteYt~y t0 1'Tlaintiin the v~JU! 01 0~ Lo p~Otett ot' pclserv! thE Drope~t7
hereby mortgayed or the CovernmenY~ lien Nercon, including the coet of lien xa~ches end fiiinK teee, the Dayment ot tues. Fakr asawsmente, nnd similnr
char~rs, and to di~ehar¢e otber lien~ and encuro6rancea upon iuth DroDerty, and (or ~nch Durpr»e~ ~hall have ueesr to ~ueh property at any reswnnble time:
Igl The GovernmenCmry cultivate and harvrst any crope mortgaged hereby end di~pose ot the enme at any time before or ett~r harveet. In anr mrnner
herein D~ided or permitted tor t6e ~ale of property upon toreclwure. ~nd [or wch Durpwe may take poa~erion of wch erops:
(4) The Govetnmeat taar [oreelo~e thi~ anort~a~te Ey takina poue~~ioe ot t6e property hereby mortQatced or ~o mueh thereot u it ms~ deem neeerrr~ to
~ utiety all indebtednees secured hereby. and ~ellina the eame either at Drivate eab or vublic auetion, witA surh notiee u ia reQUired to be given or is permitted by
~ thr law~ of the 5tak of Florlda. •nd until sueh ~ak can be eomD~eGed the Go~ernment muy keep, care [or, transport, nnd uee [he aame:
IS) Anr ex~renditute mWe or incurrrd b~ the Covernment in mefntainin¢ the value af, prot~ting, or preKrving anf Droperty cwrred b~ thie in~trument
or the Gov~rnment'~ lien t6ereon, or in cultivstina, Aarveating, or eellinQ any erove mort~~ed hereby, or in foreebsin~, takin~ poss~uion ot, keepin~, earinQ for,
transportinR. oT selling an7 D~Drrty forerloeed, toQether ~vith intereet therenn from the date of exyenditure, ~Aall be eeeured hereby and ~hall be immediatelr
due and payable at the D~ace ot payment of the latest note deeeribed nbeve, without demand. Sueh amounts paid by the Govrrnment shsll bear intercst trom the
date of eYpendiWre ~t the rsu borne by the abovc-de~cribed note it only one la deuribed, or if more than one note ie deecribed above, nt the rate sD~~fied in the
_ latest note de~eribed Rbnve unless the Government determinea that the amounta are paid for the Vroeeetion of ite intereste under another note drscribed abore, in
i~ rrhieh evcnt thr rate shall be the ume as sDec~Red in suc6 otlfec note:
~ {6! T6e Droeeeds rtceivtd by the Covernment at any sale or (or the use ot any property covereal by thia inetrument shall be aDDlied in d'eschar¢e ot rny
indtDtednew eeeured rereby, or of any oNer liene, chsrQes, or encumbrsncea upun auch DroDerty or Droteeds, or in discharQe ot any o[l~er indebtednesa aa Dre-
scribed in FHA Regulation¦ referred to in partgraph VII hereof, and the aurplua, if any, ehall be D~id to the Borrower: and
~ (71 The Borrower hereb7 w~aivee tll ri6hG of exemDtior, a~ to pereonal proyerty mnterred by the lawe of Fbrida.
~ VI. IT 15 FURTHES AGREEDTHAT:
Any defwlt hezeunder shall conatitute defeult under sr.7 other erop or th?ltel or real eetate necurity inetrument held by the Covernment and executed o?
ti, aeeumed by Uu Borrow~er, wnd default under any such other eecurity in~trament shqll constitute default hereunder:
(2~ At an) sale made hereunder, any of the Dartiee hereto may purchiue aa if they were not parties;
~ (9) T6s failure of the Government to exerei~e ~ny right hereunder, or t6e ateepunce of ¦n~ vnymmt cr pertormance atter default, ehnll not Ae dcemed a
a~aiver af an~ right hereunder:
' (1) Tde evord "Borro~vtr" ahsll be eonitrued to indude the 6ein, ~utctNOr~, +dministraton, ezecutors, asigni, aQents, and DrineipaL of t6e $orrow~er(s) or
` either oi tl~em: the word "GovernmenY' ehal! be conetroed to inelude the aseiKne and aycenta of the (;overnmer.t:
(6) All rish4. DrivileQee, beneRts. ootions, and powen conferred hettin o~ the United Stau~ ot Americe ma~ Ae exercised on behalt of the United Steu~ 04
Arneriu b~ the Seereur~ of Aariculture. or his duly authorised reD*~*~ntativee, or by the head oi any other a~cene~ of the Federsl Gwernment that may from
time to Gme be verted with authorit~ over the ~ubject ma4r o! tbi~ oontraet, or hi~ duiy ¦uthoriud reDreeentwtivn; and
(61 ThE invtlidity of any one or more of ihe provieicne of thin rnortRaRe ehall not rRect the remninder of the Drovieion~.
VII. This inetrument ehall be subiect to the Dreeent regulatione of the farmere Home Adminixtraiion, and to +ts future regvlations not ir.coneistent ~vith
che ezpresa Drovi~ione hereo[.
VIIL IN WITNE3S WHERFAF the a~id Borrower(~) haa (have) hereunto set h;e Itheir) hand(el end eeal(s) the day and year in thi• instrument ArK
atrove written.
SiRned. reakd, ead deiivrred b~ both Borro~ven in ihe Drt~ence of: -
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;~h1Pn ~?a?plli~f .
- ' ACK:rOWLEDG'.KEti'T •
sTwT~ o~ Fc.oainn, •
COUNTY OF . t,' _ i~~ Tri_ •±n a C',r, ~ a;
I lI~R.EF3Y CER'fIPY, tLat.on thi~ da7, betore me, rn cfiicer duly wthorised i~ the SLate eforesnid and in the crou~ty atoreeaid Lo take ~eknowledgmxnts,
a~.o:.n~ .v~.roa __-Cl~,rence--~,~1.--Na?e~.lief ana H~i ~~n i•:. Nazellief
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to rns kna~?w Zp be~t4~'~e~r~Qn(e) de~cribed in and who e:eeuted the foregoinQ instrumant and _ now~ledaed before me tl~at __~e_~
exetutEd t1N fiqe. L, r'
WITRFS,S mr 4p.tO~AULd~~,l M~ last ~foreeaid thi~ _ day f , A. D.. 19--",
IY ry rvannq ~E] - ~
MY evmmiMion exDiry~y.~ea}ss1DtLJtJ~~~ls_Mar. 2~,~ ~ ~ _
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