HomeMy WebLinkAbout1705 ~ '~:.4+~ - _ ~ _ • _ _
4. First psrty wiU keep ia gaod order aud oondition, praervG aad repair, rebuild and restore all ternas,
buildings. gtoves, orchsrds. fencea, fuctura, shrubbery aad other unpmvamnts, of evtty kind and aature. uow on
said land and hereatter era~d or placcd thec+ev~ that may be destroycd or damaged b~r fire, windstorm or othervrise,
and wiU not percnit the change, injury or ranoval theroof. ~vi~ not cp~t or pernut waste on said land. and will
not, except ririth the writtea consent ot second party, cut, use or remove. or pernut the cutting. usaor raaoval of,
aay dmber or mes oa said land ior aawmiU, turpeptwe or other uses or purposes, exce~t for &rewood aad other
ordinary farmpu
rp~ses. Fint party will also pre~?e and kap in good ordu aad conditiaa aU tras and timber
now and hereafter growu~g u~on the said properly. and will at aU tiaxs protect the trees aad timber against loss or
daa~age by fire. all to the sahsfaction of the secoud party.
5. First p~rty will at all times p:nperly fert~ise, cultivate. care for, aad maiutain in a producti~~e condition all
ereo
the grove and orchud tras uow on sud or hereafta planted ttiereon, aad will protxt the grovea and
orchards against losa or damage by fire y~ aad mainta~au~g proper firebraks on and sround sud P~P-
erty, and by kceping nndagrowth cut, m the satisfactioa of acooad party. Firat party w~71 aot top-work thegrove
or onhard trees w~thout first obtaining the written ooaseat of second partp. 5econd party is hereby authorized and
empowared to have appraisals of said pro~aty made by a L,and Bank apgraiser, or by othas. at such timea as sec-
ond party, ia ita sole discredon, mAy des~re. The cost of such appraisals ahall be paid by first party immediatetY
upon Preseatatioa of an itaniud statemmt thereof and shall be secured bp this instrument
6. 1~me is of the ~.ssena of said note aad of this instriunent. If 5rst party fails to oompiy with aay oovaunt,
rnndition or agreemart in this instrunnent or in the said note or in any reamorhzation. reaewal. deferment, or ex-
tension agr~t. second party may, at its optioa, exercise any one or more of the following rights, powus, privi-
leges, and recnedies :
(a) Perform aay one or more of the ooveaants of first party in this instrume~t and in the said note, and
ali amounts advanced by seoandparty ~n doing so shall be due and payable by &rst party to second
party imnaediately without notice, and shall be ~ecured by this instrumeat, and shall bear mterest from
the date of advance by saond party at the higheat rate authorized to be charged under the Fedaal Farm
I.oan Act. as ameaded.
(b) Declare a11 am~unta secured by this instrumeat immediatdy due and payable without notia.
(c) Proceed immedi~ately to foreclose this mortgage, and pursue such otha remedies as may be authorized
by law.
7. As fur~her security for the payment of the note herein dcscn'bed and for the performance of all the terms,
coaditions, and aovenants of said note and of this mortgage, 6rst party hereby transfers, assigns. and seb over tio
second party all of the craps so~wn or g'owin8 upon the said mortgaged pranises at the tia~e of filing snit for fa~
doaure hereof and ~ita, aad all of d~ rmts, issues, and profits of the aa~d mort~aged ~remisaunpu
d and tm- t
aollected at the time of filing suit for foreclosun hereof aad thereafter, and upan filu~g awt for foreclo6nre, or st ;
any tiawnee thereaiter, seoond Partp anaU be mtitled to have a recdver apQointed to talo~ charge af the said iaortgaged ~
pnmises aad the crops sowa or growwg thereon~ togetha with the said reats, iswea, aad profits arisiag there-
from and hereby ass~gned, and hold the sazae subject to the order and dira~tion of the eonrt.
8. Ia th~ eveat said debt, or any part thereof. is establisbed by or in any action for foreclosur~ of this mort-
gage, sxond party may also recover of first party, in addition to the said debt or so much thercof as shall be unpaid,
a reasonablE fee for the attorney of second party for professional servias rendered in such action, such fee to be
incorporated in the decree of foreclosun in such action.
9. First party shall hold and enjoy the said premises unt~ default in paymeat of any of the inatallnnents as ~
provided in said note or a breach of any of the covenaats or conditions of said note or thia mortgage shall be made ; i
however. aay agrnt or employee of second party or any person deaignated by seoond party may mtec upon said i
pranises at any time for the purpose of inspechng sanne or for anq otha purpose desired by aecond party.
! 10. AU amo*mts tt~at may hereafttr be awarded for condemnation of. and waste and tortious injury bo, any
' of the property haeby a~cumbered are hereby assigned and shall be payable unto second party for application, after
payment therefrom of attorney's fees and e~cpenses mcurred by first party and by seoond party in connection there-
with~ on such part of the indebtedness secured hereby as seoond party may deter~mine, with no duty on second !
party to oollect aame. •
11. This instrument is subjeet to the Federal Farm I.aan Act and a11 acts amendatory thereof aad st~Qlo-
mentary thereto, and regulations issued thereunder. All righb, powas, priv~eges, options and remedies and nghts
allowed bp taw, may be pursued concurnndq, and st~a~l extend to and may be acercised and enjoqed by the suc-
cessors aad assig~ns of saond party, and by any agart, oKicer, atborn~9 or repr~.sd~tative of seo~nd party, its
suooess~rs or ass~ns. All obligations of, and ass~gnm~ts by, first partq haein and hereunder shall extend to and
be binding upon the hdrs, acecutors, administrators, successors, and asngns of first party.
IN WITNESS WH~REOIt, first party has exeruted and sealed this mortgage, this day and year first `
above wtittea. i
,
i
SiRned, Sealed, and Delivered ~
in the pre.gence of : -
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• (SEAL)
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