HomeMy WebLinkAbout0126 top-work said grovea without the written conaent of the holdar of this
mortgage, provided further that upon the failure of the Mortqagor to
fully comply with any or all provisms of the above covenants, the
holder of the indebtednesa secured hereby, in addition to all ita
other righta and remedies for breach of covenants in this mortgaqe
contained, and in addition to its right, hereby expressly qiven, to
declare a default upon the breach of any euch covenant, may, at its
option, take such action as it deems necesgary to preeerve, maintain
and care for the premisea, and said holder aE such indebfiedness ia
hereby given full rights of ingress and eqrees to the premises securing
thie loan in order to preserve, maintain and care for such premiaes
for so long as all or any part of the indebtednesa aecured hereby is
unpaid, and any reasonable expense incurred by it in ao doing shall
become part of the indebtedneas secured hereby and shall become
immediately due and~syable and shall bear interest at the rate provided
herein for matured obligatians, however, it is expressly understood
and agreed that the holder of such indebtedness is under no obligation
to so do, except at its own election, and failure on the part of such
holder to take any action hereunder shall not con~itute a waiver of
further breaches of such covenants, it is further covenanted and agreed
by the said Mortgagor that he w ill not mine or cause, authorize or
permit any mininq.. of phosphate, limerock, limestone, clay, sand, oil,
petroleum or any other mineral on the lands secured by this mortgage
without the prior written consent of the Mortgagee;and any violation
of this covenant ahall give the said Mortgagee the option to declare a
default on said Mortgage and accelerate the principal balance due on
the Note hereby secured, together with any other rights in case of
default es otherwise provided in this instrument.
16. The execution of this Mortgage has been duly consented
to or authorized by all necessary corporation action on the part
of Mortgagor and has the approval of its Board of Directors.
~ 17. No extension, waiver or~modification granted or other
~ action taken by Mortqagee , whether to or with Mortgagor or anyone
else, shall in any way impair the dignity or priority of this
Mortgage or detract from or adversely affect any of the Mortgaqee's
~ rights or remedies of this or any other agreement.
~
IN WITNESS WHEREOF, the undersigned has caused these presents
to be signed in its name by its Vice President, and its co;pt~~l~td~.:.
seal to be affixed, attested by its Secretary, thia ~~.:;:,~ay~.:';:.~
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- of FebruBry , 196~6. 5 ~ _`tl' f;'
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Witnessed by: SARGEANT CITRUS PRODUCT ~li~. -
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