The URL can be used to link to this page

Home My WebLink About1472 . _ - - - . ThiS mOrtgage is mide, howevCr~ subjat to the Eollowiag caivectants. conditions aad agrcemenu: FIRSf; lbat tbt moitgagor heteby agrea u~d rnvenants to pn~ the interat and principal hereby secured prumptly when due and if default be made in anyp ~rt thereof, or in the payment of any othec monia hereby secured, then the sune shall~ without demaad if mortgagce s6a11 elat, bccome due and payable at onre and the mortgage may be foredosed in thc tnanner provided by laa. SECOND: That tt~ mortgagor agrea to pay as the same become due and payable all taxa. assessments, and other charges imposcd by law (including ditch, canal, reservoir, or other watet chuga, taxes, ot assessments) upon said prem~ses ot aay put thueo~ induding the mortgagee s interest thercin and upon this mortgage or the note or indebteJness secured hereby, provided tMt should the unounts paid for the mortgagee under this paragraph for such tazes, assessments and otha tharges togdher with the interat on the indebtedaess exceed the highest inttcest rate permitted by law on the indebtednas thea owiag, modgagot shall not be liable to pay any of such escess over the highest lawful rate. In the event of the passagq after the date hereof, of aay law by the State of Florida, deduding from the valuc of land for the purpose . of taxatioa any lirn theteon or changiag in any way the existing laws for the taxation of moctgages or debts secur~ by morc- gage for state ot I~ucal.pucposes~ or the maaner of the collection oi any such taxes, so as to affect this mortgage~ the holder of this mortgage aad of t6e- ddk ahich it secura, shall~avt the right to give six (6) months' aritten notice to the owner of sud landreq uicing thepaymeot of the entire indebtedness secured hereby, and it is heteby agreed that if such notice be given the ~aid indebtednas shall baome duq aad rnllectible at the cxpiration of said six (6) months. ` THIRD: 'I~at the mortgagor agrea to pay all other debts that are now or map become liens u~CCm or charges against said premisa, and not to peranit any lien of apy kind to accrue and remain on said premises, or the ~mprovements thereoq which mi~ht take precedeac~e ovet the lirn of this mortgage. The mortgagor fucther agrees not to crrate any lirn on said premises ~unior hento ualas the pecson entided to the benefits thcreof shall have agreed that the time for the ~?yment of the indebtedaas hereby secured and the manner aad unount of payment thereof and the benefits of the secvntp afforded hereby may, without tonsent of suchpe rson and without any obligation to give notice of any kind thtctM. be extended, reextrnded, amelerated, suspended and refuaded on any terms ~•hatsoever a ithout in any manner affecting the priority of the lien heceby created u security for the payment of the indebtedncss sectired hereby or any obligation substituted therefor or issued to refund same. POURTH: That the mortgagor ~grees to keep said premises and impro~ements thereon in good condition and repair • and not to commit or suffer waste thereof; to operate all lands. whether improved pastures, orchards, grazing, timber, or uop lands, in a good and husbandmanlike •manner m accordance with acapted ptinnples of sound agricuhnral and forestry . practices; to take all reasonable ~recaµtions to con+ro! ~~~ind and water, erosion; to fectilize improved pastures, if any, where necessary to maintain a good stand of desicable grasses; to protect orchards and timber, if any, by reasonanle precautions against loss or damage by 6te including the tnainteaance of appropriate fire breaks; and neither to remove nor permit the removal of any timber, buildings, oil, gas, mineral, stone, rock, clay, fertilizer, gravel oc top soil without thc prior ~vritten i consent of the mortgagee. The mortgagee shall have the right to inspect the mortgaged property at such rea~sonable times j and in:er~als as the tnortgagee may desire, to determine the mortgagot's compliance with the covenants contained in any ~ dause of this mortgage. ~ - FIFrH: 'I~at the mortgagor agrees to procure, maintain and deliver, premiums paid~ to the mort~agee ~olicies of - insurance against such hazards on the buildings now or hereafter located oa sud premises as the modgagee may from time ~ to time requtre, in such eompania and in such amount and form and with sich loss payable clauses as shall be satisfac- toty to the mortgagee. The modgagee is authorized to :ssi; n and deli~er said policies to any purchaser of this mortgage or to the purchaset of said premises at anq foreclosure sale. In event of loss the mortgagce is e~cpressly~ authorized and em- ~ powered to settle or compromise daims under said policies, and the proceeds from said policies as well as any other policies procured by the mortgagor shall be paid to the mortgagee who at its sole discretion may apply same or any part thezeof on aaount of the indebtedness secured hereby whether or not then due and paqable, or may apply the same or any ~art thereof towards the alteratioq retonstruction or repair of said buildings~ either to the portion damaged or any other portion thereoF~ or release same to the mortgagoc. Such application or release shall not cure or wai~e any default or notice of default here- under or invalidate any act done pursuant to such notice. SIX'TH: That in the rvent the mortgagor shal! fail to procure,'maintain and deliver the insurance policies, premi:ims prepaid, or to pay, u the same become due and payable, any tax or assessment imposed by law upon sald premises or any pact thereof, or t,he note, or indebtednas secvred hereby, or M pay any lien, daim or charge against such premises which might take precedrnce over the lien of this mortgage or to comply with the provisions of paragcaph Fourth hereof, the mortgagee may. without notice ot demand, insure any of the buildings and gay the cost of such insurance and pay any of said tues, assessments, lieas, ctauns and charges, or any pad thereof, or redeem from the sale of said premises for any taxa or assessmeats (irregularities in the levy or imposit~on of any tax or usasmrnt being ezpcessly waivPd), or redeem from the sale of said premises resulting from the rnforcement of any such lien, daim or chuge, or ezpend such sums u may be naessuy to conect the failure of the mortgagor to comply with the provisions of said paragraph Foucth, and the modgagor heceby agrees immediatdy to repay to the moctgagee~ without not~ce or demand, any swns so paid with interest therson at the same rate as specified in the note secvred hereby on ihe principal thereof after default aad maturi~p, and all sums pu'd by the mortgagee with intaat shall beeome a part of the indebtednas secured hereby, and in default of immed'~ate repayment t~xreof by the mortgzgor the whole indebtednas secvred hereby shall at the opt~on of the mortgagee baome due and payabie forthwith without notice. - / ~OO Qp . . . IN rAYMEMT OF TAI(f~ ~UE~OM~CI~!! ~C' IpTANGIBLE rERsONAL ~ROrERTY. MIRSilANT TOCNM'TERl0724. A~YSOf 1N1. ~a'~S~ ~f~[ ~t ~rO1Rf ~ ~Of ~~s M' ~s S~ ~ Tauc Co1~ ° R 6 ~1470 i~ oEPUn c~c 600K 1 4 _ _ ~ . t . _ _ - _ ~ ~ ' ~ "1'ir ~1"°r>;?!'eeF _ . . F . r ~T `~ra