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Home My WebLink About1862 This moctgage is msdq howevu~ subject to the following covenants, conditions aad agceeanaats: FIRST: 11?st t6e mottgagot hereby agcees and tovenants to pay the intecat and princip~l ~ereby sauced promptly when due and if deftult be made ia anypa rt thereof. or in the payment of anq other mon,es hereby secured, then the same shalt, without dea~and if mortgagte s6all elect, be~ome due and payable at once and the mortgage may be focedosed in the manna provided b~ hw, ' SECOND: ~at the mortgagor ~grees to pay u the same become due and papabl~ all tazes. assessments, and other chuga imposed by law (u~cluding ditt6, canal, reservoir, or ot6er water charges, ta~ca. or assessments) upoa said premues or an~ patt thecrof.intlading the modgagce's intecat therein and upon this mortgage or th~ note oc indcbtednas secured hereby, provided tliat s~wuld tbe aanounts pud for the mortgagee under this paragraph for such taxa, assessmmts aad other charga togethet with the interat on the mdebted nas e~:ceed the highat interat ratc permitted by !aw oa the wdebtedness thea owing~ morRgagor shall not be liable to pay any of such ezass over the highest lawful rate. In the event of the ~ssig~ after the date hereof. of anp lzw by the State of Florida, dedncting from the value of land for the purpose of ta~nt~on an~ lim thereoa ot changiag in any waq the existing laws for the tuation of mortgages or debts scYUred by mort- gage for state ot lbcalpurposes, or ihe manner of the collection of any such taxes, so as to aH~ct this mortgage, the holder of . this mortg,age and of the- debt which it seaues, shall have the cight to g~ve siz (6) months written notice to the owner of said landrequiriag t6epaym ent of the entire indebtedness secured hereby, and it is l~ereby agrced i6at if such notice be givcn the said indebtednas s6:ll boeome due, and rnllectible at the czpiration of said six (6) months. THIRD: ~ut the mottgagor agrea to pay all otha debts that are now or may become liau uPon or charges against said premises, and not to permit any liea of any Iciad to uaue and remain on said premises, or the improrements thereon. whicF, mi~ht tak~ precedenee over the lien of this mortgage. 'The mortgagor fucthu agrees not to aeate any lirn on said pcemisa ~uaior henbo ~alas the person rntitled to the bene6ts thereof shall ha~e agcred that the Nme for the ~ayment of the indebtednas hereby seau~d and the mannec and amount oE payment thereof and the bene6ts of the secunty afforded herebp ma ~ arithout conxnt of suchpe rson and without any obligation to g'~ve noticr of any kind therdo. be eztrnded, ree~ctet?de~ aaelecated, suspended aad refunded oa aa~ tercns a•husoever without in anp manner aBectiag the priorit~ of the 4en hereby crezted u secucity for the paymeat of th: indebtedness saured hereby or any obligation subatituted Lhercfor or issucd to afund same. FOURTH: T1~at the mortgsgor agrea to keep said premises and im~rovemrnts thereon in good condition and repair and not to mmmit or saffec waste thcreof; to opente all ]ands, whether unproved ~astures. orrhards, grazing, timber, or uop lands, in a good and ~husbaudmanlike manner tia aocordaaae with aceepted pr'~nc~pla of wund agricultural and foratry pnctices; to take all reaso~able precautions to control wind and watec erosibn; to fedilize unproved putures, if any, where I necessacy to maintaia a good stand of desirable grasses ; to protect orcnuds aad timber, if any~ by re~.wnable precautions ~ against loss or damage by fice induding the mamtenance of appropriate ~ire breaks; and neither to remove n~r perm':t the ~ removal of any timber. buildiags, oil, gas, mineral, stone, rodc, clay, fectiluer, gravd or top soil without the prior written rnnsent of the modgagee. 'I~~e mortgagee shall have t6e right to inspect the mortgaged preFCrtq at s~rh reuonable tima and intemals u the modgagee may dain, to deteranine the mortgagor s rnmpliance with the covenants contained in any clausc of t6is mortgage. FIFT~i: "That the moc~gagot igrea to procure, maintain aad deliver, premiums paid, to the mort~;agee policies of insurana against such haurds on the baildings aow or hereafter located oa said premises as the mortgagee may from time to time require, in such tompania and in suc6 amount and form and with such loss payabte clauses u shall be satisfu- tory to the mortgagee. The awrtgagee is authorized to assi~;n and deliver said policia to any purchaser of this mortgage or to the purchaser of said premises at any foreclosure sale. In event of loss the mortgagee ~s ~pressly authorized and etn• powered to settle or compromue daims under said polides, and the proceeds from uid policia u well u any other policia procured by the mortgagor s6all bepaid to the modgagee who at its sole discretion maq apply same or any gart thereof oa aaount of the indebtednas secvred haeby whether or not then due and payabl~ oc may apply t6e same oc any part thereof towards th~ alteratioq rao~on or tepair of said buildings, eithet to the portion damaged or any other porUon thereof~ or retease same to ihe tnortg~go r. Suc6 application or release shall not cure or waive any default or notice of default here- under or wvalidate any act done pursuant to sud~ notice. SIX'TH; That in tbe tve~ the mortgagor shall fail to procure, maintain and delivu t6e ias~uance policia, premiums ptepaid, or to pay, as the same become due andpa yable, aay tu or assasment impoxd by la~v upon said premises or any part thereof, ot the notq or indebtednas secured hereby, or to pay any liea~ daim or chacge against such premisa which aught take precedenae over ~the lien of this mortgage or to comply with the provisioos of puagraph Fourth hereof, the mortgagee poay, ~?id~out notice or deannd, iaiutt aay of the buildings aad pay the eost of such insurance and pay any of said ta~ces, ~sasments, litas~ Claims and chuges~ oc any ~ad '•hereof, or redeem fmm the sale of said ~remisa for an~ taza or assasmaitx (irnguliritia ia the levy or Lnpositioa of a~r taz or assasment being ezprasl~ wuvtsi), or redeem - fcom the sale of said premisa ranlting from the enforament of any s~xh lien, claim or cbuge, or ezpend such sams as ms~y be aecessac~ b~ oonat ihe fiilure of the mortg,agor to comply ~vith the provisions of said puagraph Fourth, aad the ~~8~~ ~9 i8~ ~~ly to repay to tbe mortgagee, anthout notia or drnnand, any sums sopu d with intecat ther~on at tbe same rate ss speoified in the note sauced hectby on t~e ptincipal t6eceof afta defanlt and a~atu;ity, and all wmspu d b~ tbe moctgagee wit3~ mtecat shall baome aput of the iadebtednas secviced hereby, and in defauh of immed'~aee theceof by tbe mort~agor the whole in~ btekednas saured haeby shall at the option of the mortBaBa beeome due~~pa~abk foctMvith w?itho~t notia. . 9~TB-Jls T'he aortgagor agreea to redaae the principal a~wmnt of said note to - ~74,000.00 before comreyir~g eaid pra~iaes and llu~ther agrses that this ~ortgags ahall becawe das ud ps~rable iort~hvith at the opti~oa of ths aortgages i! the sortgagor ahall con~ey aaid pr~eiees or if ths title thereto ahall beco~e ~eated in aoy=other peraoa or peraone in ar~ ~anner ~ehataoa~er before ths principal aonnt o! aaid note ia rednced to said a~aunt. 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