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HomeMy WebLinkAbout0738 , - - - - - --~-+--r-~ - - - - - This mortg~,ge is made, hoa~a, subjat to the followiag coveaants~ aunditi0ns. sQd agreements;. FIRST: ~Lat the moctgagor beteby agcea and tovenaats to pay the iatrrest `?n8'~rincipal hercby secvrcd promptly whrn due and if default be msde in anyput theceof. or in the payment of any ather monies hereby sctiured, thrn the same shall, ~vitho~t demand if aartgaga shall elec~ become due and payable at once and the mortgage may be foreclosed ia the msnnet pravided bJ la~v. SECOH'D: Thtt du mortgagoc agrea to pay u the same baome due and payable all buces, assessments. and other chuga imposed bJ la~v (mcluding ditrh, caaal, reservoic, or otha water charga. tua, or assasmeots) upoa said prem~sa or an~ put thetro~f.inctnding the moctgagoe s iaterat t6erein and upon this mortgage or the note or ~ndebiednas securcd heceb~, pmvidcd tbat slpuld the unounts paid for the mortgagee under this ~aragrsph for such tues, assessmeats aad otha durga togethec with the interat on ihe indebtedness exee~d the highat interest rate permitted by law on the indebtedness thea owing~ moctgagor shall not be liable to pap any of such access over the highat lawful rate. In the rrent - of tbe ~nsstgq, aftec the dste hereof, of any law by the State of Florida, deduding from the value of land for the purpose of t~untion a~ lien theceon or d~anging in aay way the existing laws for the taxation of mortgaga or debLs secured by mort- gage for stabe or l~oal or the manner of the collect;on of aay such taxes, so u to affecc this martgage, the holder of oa , this mottgage aad of the ebt which it secura, shall have the right to give si~c (6) months' written notic~ to the owner of said landreqwring thepaymeat of the rntire indebtcdness secured hereby. and it is hereby agreeci that if such notice be given the said indekednas s~all beeome ~ue, aod mllectible at the acpiration of said siz (6) months. ~ 1HIRD: That the m~ctgagor agrees to paq all other debts that are now or may become liens upon or charges against said remisa, and not to pecmit anr lien of aoy kiad to urnu and remaic? on said premises, or the ~mpcoveaxnts tbcKeon, a ahi ati~6t take pe~a+~nce ova the Gm of 'this mortgagr. The mortgagor fucther agrees not to create any lien on said premises ~unior hece~o unlas the person entitled to the henebts tt~ereof shali have agreed thu the hme for the ~ayment of the indebtednas. ~ savred and the manner and amount of paymrnt thereof and the bene6ts of the sccunty aBocdtd hereby ma , without caosent of suchperson and wZhoaf aay obiigation to give notice of aay kind theceto, be extrnded~ reeztende~ aaelecated, wspeaded and refunded• on any tcFms whatsoever without in any maaner aBecting the priority of the lim hereby created as saurity for the papmeat of the indcbtedness sccured hereby or aay obligation substituted thercfor or issned to refund same. FOURTH: That the mortgagor agrea to keep said premisa and im~rovemwts thereon in good conditioa and repair and not to coaomit ot s~ffet wute theceof ; to opaate all lands, whether unpcoved putures. orchards, gruing, timber, or crop lands, in a good and husbandmanl~7ce manner m aaordance with uapted prinaples of sound agricuhural and forestry practices; to t~ke all reasonable preeautions to control wind and water erosion; to fectilize improved pastures, if any, whece neccssacy to maintaia a goocl stand of dainble gnsses; to protect orchards aad timber, if any~ by reasonable precaations against loas or damage b~ fire including t6e ma~ntenance of appropriate fire breaks; and neither to remove nor permit the removal of any timber, buildings, oil. gu, mineral, stone, rodc, clay, fertiliur, gravel or top soil without the prior written ; consent of the awrtgagee. The mortgagee shall luve the right to inspect the mortgaged pro~±erty at such rr~conable times ~ and intecvals as the mortgagee may desin. to deteranine the mortgagar s compliance with the covenants contained in any ~ clause of this mortgage. FIFTH: "That the moct$agor agcres M pravre, maintain and deliver, premiums paid, to the mortgagee policies of insurance against such haurds on the buildings now or hereafter located on said pranises as the mortgagee maq from time to time reqiure, ia such compania and in such amount and form and with such loss payabie clauses u shall be satisfac- tory to the mortgagee. The modgagee is authociud to assi~n and deliver said policies to any purchascr of this mortgage or to the pucchaser of said premisa at any foreclosure sale. In event of loss tho mortgagee ~s expresslq authoriud and em- _ powered to settte or compromue claims under said policies, and the proceeds from said policies as well u any other policies pmcvred by the modgagor s6all bepa id to the moctgagee who at its sole discretion may apply satne or any part thereof on aaount of the iadebtednas secured hueby w6ether or nof~ then due and payable, or may apply the same or any part thereof towards the alteratioq teouastnxctioa ot tepair of said buildings. either to the port~on dunaged or any other portion thereof, or retease same to the mortgagor. Such applicatioa or release shall not cvre or wa'rve any default or notia of default here- onder or invalidate any act doae pursuant to s~ch notice. SIXTH: 'I~at in the eveat ~the mortgagor shall fail to procure, maintain and deliver the insurance policies, pcemiums prepaid, or to pay, u the same bewme due andp~ yable, any Gvc or assessmeat imposeci by law upoa sa~d prunises or aap part thereof, or the note, or indebtedness seaued hereby, or to pay any lien, claim or charge agaiast such prernises ahich aught talce praedeaoe ova the lien of this mortgage or to comply with the provisions of paragraph Fourth hereof, the ~ mortgsgee may, without notice or demand, insure any of t6e buildings and pay the cost of such insurance and pay any of said tases, assasmrnts, lieat, c6ia~s and charges, or any part thereof, or redeem from the sale of said ~ranise~s for aay tua or usasmeats (imgularitia in the levy or unposition of any ta: or usessmrnt being ezpressly wa~ved). or redeem from the sale of said pcemises resulting from the enforcement of aay sucb lieq claim or charge, or ezpcnd such sums as ~ may be naessary to a~nat the failure of the mortgagor to comply with the pravisioas of said paragraph Fourth, and tbe ' mortgagor hereby agrea imanediately to repay M the moctgagee, without natia or demand, any sunu sopa id with interat therea~ at the same nke as speafied in the note secuced hereby on the principal thereof after defRnlt and maturity, and all sums paid by the mottgagee with interest shall beeome a~ of the indebtednas secvred hereby, and ia default of immcdute repa t diereof b~ the moctgagor the whole in ebtedaas savred hereby shall at the option of the mortgagee become doe ~ps~able forth~vith w;thont notice. SIXTH- A: In the event that the mortgaged premises, or any portion thereof, be sold or conveyed prior to the time the indebtedness secured hereby shall have been paid in full, then the entire indebtedness secured by this mortgage shall, at the option of the Mortgagee, become due and payable. • ~0~149 137 - ~ - . _ ~ , ~:ik x..~,c~...};., _ : E~ x~~~ . .