HomeMy WebLinkAbout2962 I~~ Oi~f i~ AMOfID~ Y~01~Oq7 _
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IIICIYAII~t lp~ ~'NI~ClIOfRv O~. Oi t0. ~11C~1 CdtLll~:
TO HAVS AND TO HOLD t~ ~aid eeop~ a~d esatteb uato tb~ Go~ernmeat~ torNer.
III. THE BORAOWSR OOV=NANTS and n[rw dut:
(l l He i~ ri~ttuU~ ia poYe~sion of t~e aLovede~eriE~~ pwprrts at tAe loe~tae stated. Ae i~ t6e ~Ew1~Le ~ad eaelusire ooner ot tbe ~aid D~ootrt7 and rid
propert~ 1~ Ira~ teoo atl IMns aad a~eues4eaoce~. acoeD~: (al prioe lita~ ot U~~ Corern~at ~kieA lia?s, it aa~. ~1u11 n~naia ia •tull toree ~ e[~et : Ib)
ludbrd'~ staWto+f lun~ a~ prorided 07 tbe laws oi !'torida: lel otber lie~u or er.eumpraneu. u iWb~:
None '
Landlord's interest under cash or share renter agreea~ent daLed 12»22-65 (5 ~8•)
~M he ~rilt wvr~nt aad detend ~11 p~optrtr hetebp mortp~id ~~~la~t ~n) or ~ll pe~~on~ wfioswe~er,
(1) Z'A• mMe• ~sd 6rads ~eov~ u~ed to d~~aib~ ~ar liv~atoet ~r~ t6~ Aoldle~ b~M• and e~r*f ~he titl~, NtAou~h th~ Ilv~~toek e~r Aav~
OWK 6ru~ds or malct;
(3) H~ ~iU properlr e~n for ~ll tAe propertr Aeny mort~~ed: he wlL pw~ptl~ pq tll t~:~~, li~a~. ~ad other eh~~~ ~~~~skd ~oa or
att~cAL~~ to elr prop~R~ aart~qed 6~rebp durin~ th~ time U+1• moA~~ i• ett~etl~~: s~ MIU. to tM ~~cteM p~rdttM b~ l~w, p.r w. ~o.c or .r,y .
ll~a •Mrche~. 6IIn~rKOrdlo~ m otA~r eo~ts la perf~etln~. ~rt~ndLt~, n~~in~ or otD~nvls~ ~~t~Lllshlo~ aad coaUaula~ lhe It~a ot tAts moilpp
ln ~Qeet uatll t6e inA~htedn~~s ~~ewd h~r~b) Su Deea o~ld ln (u14 b~ r111 mt s~ll. r~mo~~, o~ eAeumD~r th~ propM~ 6~reb~ soRp~~d or su(!~r
otMr• Do do ~o wltbout th~ ~vrttt~o eoas~at ot th~ Go~~rnaet ta~edi~t~l~ ptieWln~ ~NC11 ~CHOA(~=Clpt lbat tA~ BOffOMK ~y Y~~Al~!{l~d CIOp•
eort~a~ed ~~nb~ in sue6 ~mouat• ~s m~~ b~ we~s~~ry to e~n prop~d~ fot tl~~~txk ~orts ~~d b~nbf. ~ud ~u7 other llvestock owm~d bf tb•
goerower ~od mort~~pd to tA~ (io~en~med): M wlll we W~ fuMs ~~ac~d D~ tb~ ~ioo~rn~eat foe th~ puipos~~ tor ~rhleA sueA d~~nc~~ ~+~r~ e~d~
~od dl prop~rti~s ~ad (~c11Ri~~ owned A7 Alm or pw~ur~d t6wutL •ucD dhae~• !a ~ecord~ne~ w(th At~ appile~tlon tor ~dd (uod~ a~d wiN~ sueh
Fum ~pd Ho~~ Y~n~pm~at Pl~n oq b~ • ~d ~poe trom tiee w tle~ bl W~ p~+U~~ !?e~+w: ~+d ~+iU. It hQuest~d ta wrltlo~ to do w b~ tA~
n
Gowrmen4 t~~p tl~~ p~op~ rt~ h~erbl eortp tull~ lnsund. tor tAe E~nHit ot t!r (ior~rmeat ~s tt~ inter~st~ 0~7 ~PV~~r. •~dna lo•s by tl~•R
or b~ (ire or oth~r a~tur~l e~us~~. II 6e t~il~ or n(uses to liuun ~nr ~neh prop~tb ~tter fiwin~ bt~n e~Que~t~d ~s ~(ons~ld, th~ Go~~rm~ay ~t
its opUon, aq plr• ~neh lnsunae~ ln forc~ a~d t1~~ ooount ot tM pn~lus th~ntor ~hrii D~ ~dd~d to the lod~6tedn~~s s~ew~ed h~»b~. Mf
proceed• colteet~d uad~r lns~raoc~ pollcie• pro~idad tor Mnln, at the opUon ot t6• (ioweosMt ~h~11 b~ ~PVU~d to the d~Dt sseund t?snbp or
sAal! be used b~ th~ Borruwr, md~r th~ drectlon oI Ibe Go~~r~at. for th~ repl~eem~at or r~p~ir ot th~ prop~Rr stole0. d~m~~ed, or destroy~d;
' (q If, ~t ~ep Um~, lt ~L ~pp~~r W W~ Go~~roment elut We 9arow~r oa~ be ~ble to oEt~la ~ lo~0 6oa ~ produeNon cndt ~~~oet~tlon,
p~denl Iwd b~ak, or oth~r respons?Ne eoopet~tive or pri~ate eredit b~te~ ~t ee~sonsble rMN aad teem~ for lo~o~ tw ~Idl~r purpo~e~ and periods
ot tiaK, t6s Borrower wtU, upon nqwit ot lb~ Gorer~ent, ~ppl~ tor ~nd ~ee~pt ~uc6 lo~n la su(tlci~nt aouat to nP~l~' th~ Go~eement ~ad to p~~
br ~ar ~tock aece~~~ w be puteA~sed [a tM eooper~tlve I~adin~ ~~ene~ in comectlon witL the loar,
(6) wi0. is order W ~eun ot Dett~r ~eeure tbe aton~aW (ndebtednew aad w bns a~ ~n1 Wrt t6ereot remain~ ueD~~. e:eeute asd deliver to We Carern-
OM t
senR u do~nd. d rud vLe~ u ma3 be ~peet6d sad ia w~eA torm u U?e Goveroment ma7 reauire. additboal erop aad e~attel mort~se~ or oNer
~vri~ la~er~~h o~ tAe v~rV ao~ered Os t6ia sorts~s~ aad on an~ otser erop or ot6er wron~l DroD~rb t~ea o~ned ~ t,enafter aoouired M~: and
'!'~e C.orernm~at w eater at os ~ tiw~e oMu t6e Vrari~ee ~6ere aar ot t!e DbY~+~~ be*adl osrt~~~ed b IxaCcd ud im~et t4 t~me.
IY. PAOYIDSD. NBVSRTHSLSSB. tYat Wese ~eweeb are eyoe tie aspteM e~nditbw fbat it t?e Boreo~er tWl Pa7 iafo t~e Cvreresent ~11 ~mo~aL
~eeei7 ~eeored. aod J~Y faYS perfora ~11 tLe ters~. coreaub. ~etementa. ud ooadttbm o[ tAb morft~s~. tka t~b ao~~e7~aeee ~WI be rofd. Wier~i~e w
~esatn ia t~H torae ~ed eEeei
V. BUT. IF DSFAULT BB 1lADfi ia the Pa~rme~t of tas debt ~aeared lereb~. or ot W Ia~Wlment of prineipd or iatend t~eoa: or it W ot t~e
reo~e~e~tatiow or ~arraetles 4e+ie w~de M t~e Boreower or e~de !7 \i~ le \b aDD~katbs tor aas loan ~eeared ieceM Oro~e hLe la aa7 re~V~: or it tLe
Horeo~er taUi to eomob witl aaf ot tie oma~ats or a~reemenb lereie eoetaiaed• or it Me Horro~ee or atler ot t,es ~6d1 be adiddieatsd a eanknpt, or
ao~~ft ae aet ot 6aakr~ntes. or make a ~eeenl Wisw~eet tor t!e beeeit d er~ditors. or tate ~d~antase ot ans State or Feder~l ia~olveaes ~ it aa~ ot tse
i~v~+V ~ereL~ morts~eed is dt~e?ed or le~ied ~poa Ls aes v~r~on ot,er ttian tle Go~eraseat• ar it tie Borro~er or eit~er ot tim ~WI die or baeme i~eow~
patst: or it tY~ (ioNr~t ~Y d~e~ ihatt i~reev~e: tLe U~eramst aa~. d ib oPtioe. foreelwe ia ~ay maau~r permitted bs la~ or e=erei~e w or ~d ot
tie eesedia lersinafttr~pee ised. t~e ~enhe ot aas o[ w6kD ~lall aot be a wd~er d W otier we~ reaed~ or ot us atier ri~it or ee~d7 ot~a~i~e a~il-
abk to t6e Go~ernme~t te 4~ or eaoib tor t~e edoreeoeat o[ t6is mortsye. or tor tbe eolleetion d tie tedeDtedse~ sce~red lereb7. a[or t6e perlorm~ace o[
L~! !d1lOtOV ~1d i~~!!mlOb b![!~A 000~11lb
Td! ~A~![1mtQ~ 0~1 dlC~~'f ~~~f O~ ~~lbfld~lla ~!!Y['tl bf!<b7 tt OOCt dt1! <Od yt,7i~!'
'Itie Co~eeemeat dn7 aukt w~ei ~O~~Wn~ asd O~~acs wuY ads n it dam~ e~eeWr1 to mai~fata tlr tilw ol or to O~t oe Y~~ fi~ v~oprRf
6wrb~ mort~aNd o~ HK Co?ern~xaYs liea tbereoa. tach~dint tse carf. ot lien ~eue6e~ ~nd Allnt [ees, tae pa~meat ol tau~. ~aeer awumenta. and sisi4r
d~r~ea. and to di~arp of~er Ilw aad eaeusbneas apo~ wel Yropertf. aad tor weh OurpwM ~6a11 A~~e ~eoew fo we\ oruOaM1f at ae7 cea~oealle ti~:
(i) 11e Go+~romeet'm~7 eultl~ate aad hacwt as1 irov~ mort~a~ed 6~reM aaa di~v~ ot tbe ~ame ~t w ti~ee before oe a[ter Y~r+Mt. i~ w saeaer
laeia vro?id~ o~ pssitbd Ler tbe ~ale ot v~v~~V npoa foeeelowrt. ~nd tor wu~ o~~va~ w tak~ D~e~sio~ a[ ~uei eeew:
(~l T6e Go+eameat sa7 toiedoM tAi~ oort~a~e b~ takia~ po~sioa ot t~ pcvpert7 be+eDs ~t~e~d or w mue? tiereo[ ~ it eaf d~a e~ew~aes fe
~atLt7 ap iade4tedser ~ceared lerebs. ~nd ~dliu[ t!e ~ame cit~er at priwte nM or puWtc tuetloo. ~ritL a~el eotiee a~ ir ?eVWred to De [~~ee or k V~rmitted b
tie 1~~ o[ tie Stat~ d Florid~. sad until ae6 nl~ ean ee eomDkt~d tLe Gorerameat nw ~ev. eare tor. tranwoK. ana we ebe wme•
(t) /1q e:pe~ditare oe iaearnd d~ tle Co+ernseat ie ~atataiate= tbe ~alue o[. protsetfa~. or praer~Ias ~7 v~D~*b eo~te~ b dd~ iotrao~at
or t5e Go~ereme~Y~ liea t~ereoe. or ia eoki~.aUnt. Y~r~stin~. or ~dlins an~ erops morts~d l~ree7. or ia toeeclosia~. takies poMe~sion of. keepias. earius tor.
tr~n~tl4. or M1Nss us w~7 taneloaa. to~etrer ~ita inters! tbeeeo~ t~ws tbe da4 0[ esyeaditnn. ~hall be ~eeareA hereb7 asd sAall be iaos~diateb
due tad P~7~DIc at tbe o[ pa7stat d t~e Iate~CSOte de~ertped a~e. ~it~out demand. Sues ~mwnts paia M tDe Go[crnment ~6~11 eear iebee~t tra~ t!e
date ot eiyesditate ~t ~rate boree b7 t!e abo~e-dseribed eote if oa17 oee M de~eriled. or i! mon tban oae aote is deeriEad ipo~e. at tLe nte ~D~deed f~ tie
lata~t aob dneriad w~o~~ unlw tbe Go~~rameat determias tA~t tLe ~mwnt~ are paid tor tie probetioa o! it~ iaLered~ nnder aeot6er sote 8aeriMd abo~~. ia
wlki eeeet t~e nte drY !e t6e ~a~se u~ed fa ~oe6 aR4cr eofe:
(q Tbe D+~s reesired b7 ~~ernment aL an> Mle or tor tbe u~e ot anr propert7 ~~+=d b1 v~ teutrument ~L be applied ta di~eA~r`e ot ae7
iudeptidnes ~seond SereD~, or ot u~ otaer liea~, elurtes. or eneumDr~nas oDOn soeh propert~ or Proaed~, or in di~e3ar~e ot aa~ ot~er tadebtedads ~s D~'i-
~eribed ia FHA Be~datiow~ rdere~ed b iw para~rapl VII 6ereo(. ~nd tbe aarplas, if aa7. ~0 be v~id to tbe Borro~er: and
(7) 'Itie Bo?eo~er Aer+ebf w~i~ all ri~64 of eusCtlon u W V«~+~ ~rt~ eonterred M tie law~ of F1ocWa.
VI. IT IS HITRTIi~ AGREm TNAT:
Aw dstwlt \ereoader ~hall eoostitnte detauk uader aas otber erap or e6~tte1 or real edate ~eearit7 indrumeat 6e1d b7 t6e Go~ernment and ezaeoted oe
arureei h tb~ Borrower. ud de(auk uod~r an7 wx6 o1Ler wKUritr In~trument s6a11 eon~titute de[aolt Lereuoder:
(2! At ae7 ~alr'~de Aeceun8er. us ot tLe D~~~ Dereto m~7 O~L~e ~ If tDc~ ~ere aot W+tie~: i
(S) Y1~ fallar~ d t~e ~io~vns~~t to aereiM w rldt bena~d~r. ae t~ ~eew~+see ot aa7 wf~t ar o~or~eawee atter defaak. ~hall eot be d~emad •
~~i~er o[ aa~ ri~ht becensder:
TM woed °Borrow~' ~Aall M aoadrwd to ladud~ t~ hdes. ~aae~oer. adminiaRraton. f=M1WrR ~Ip1~. aflOL~. ~all WIACID~4 HO~POA![~~~ a
df~e~ o[ tsm' tit worA "Go~etnmewt" ~Ytll De eoa~tro~d W iadud~ tl~ ari~ awd ~teeb o[ tk C,o+~ra~sant:
(i) All r1~Yt~, orhlles~es. beaeAts. optioa~. aad Do~*~ eon[erre~ 6eeeie o~ tLe Unibd Staw d Ameriea ea7 !e weeiMd os beedf ot t~ Unft~d Ststn e~
A~erias M t~e Sw+tan d AsrteuiWre. or Ai~ dub wtsoriad repe~nhti~w. or M t~e he~d d~v other a~eaes o~ tie Fidenl Go~erameat tlat s~7 tros
u.. w tls. M a••~ wt?o~fv o..r w so~3.~. maar o[ ~..oaa.a. ar eb aob w~s.a revr..ew~ati..r: .ee
l~l 'I3~ Ih~alldiV ot anl oee or more ot tie Yr'a?i~ioei ot tbi~ a~ortsa[~ ~6a11 aot ~Eeet tbe remafnder of tLe Veo~irioa~.
VII. T6V in~trument ~hall b~ ~aD3eet to tbe pre~ent re:ulatba~ o! tbe Frrmen Saaie Admiai~tratioe. ~IId W IfI tYLYR flsYli~OM OOC IOCD6~I~LlRL ~W
tbe ~nrer pto~i~ioa~ Aend.
V[II. IN WITNESS WH~OF t~ rN Horrmne(~) 6r (6a~~) bereae0o ~et lb (tbeir) luad(~) and ~eal(~) tbe da7 aad s~ In fb1~ faKrument Ant
abo~~ ~?rltt~a
Sise~d. aad ddlwr~d y bt~ ia W pew~e~ ot:
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; ~ Audr 1'Iae Le~+is
- _~'a_ ~ -
. . _ v 1 Q : ACHNOWLEDGMENT
STA7'~ o~ pLO ;
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COURi~~•.*z, r -~ti(:~.e/1------°~------------~
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I II~'t' O'fR1~I!'Y. tLat w tLi~ dy. Lefore me. ae oAker duh aatLorfa~d Iw tLe 3tate atorewia and in EOIIAV l~0!'tMW ~O v~ ~lkDO~{MI~OfAv.
Leo D Lexis and Audr~~V Nae Le s '
.
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to s~ kao.n to be t~ O~rso~(~1 dwerf4ed ie u~ wb e~t~d tbe tweed4 lmtrumeat and ~ekao~rbds~~oe~ m~ tL~t~_6~
~~vt~ tA~ Nme.
d's of __OCt.O~'I' ~ A. D..~~~»
VYTTNL88 ef ~as~ ~o R W~~l~St~~~~1p~t~~~foraaW tA4
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BONDEO THROUGN fREO W. D~E37C~.M~R~ ~OOKi~ • PACE ~S~ i ~ ~
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