The URL can be used to link to this page

Home My WebLink About1214 ' ~ ~ 4 17~;; n~ort~gt is made, howeva, subject to We follo~ving eovenants, rnnditioas and agramrnts: r`IKST: 1~~ me moctgagor heceby agrees aad. coveaanls to ~aT tht interest and principal henby savred promptiq whm due sad if default be made ia aay put thcreof, ar in thk payment of any other moaies hereby sec~red, thrn the saane sh~ll, aid~oat dmund if moctgagoe sb~ll doct, baocne due and p~yable at once and the mortgage may be foreclosed in tbe m~naer prasi~d b~ Lw. SEG~OND; 1Lat the mott,gagor agrea co pay u the sune become due and payable al! ~es, assessments, ~nd other charga impoaed b~ Lw uuluding dittb, c~nal, ratrroir~ or other water charga, taxa, or usasments) u n said ~a premues ot aa~ put th~ iotluding t~ mortgagee's inttrat therein and upon this moctgage or the ~ote or iad edneu secured hercb~, providcd d~at shaild the aa~ouats p~ud for the wortgagce ~u?der this ~uragraph for such tua, assasments and otha charga ~ogdha with the intecest oa the indebted aeu cxaed the hi~hat wterat nte perautted by law on the indebtednas thea owin& mortgagor shall nct be liable to pay any of such e~ccess over the highest lawful nte. In the eveat of tht passage, afta the date hereof, of any !aw by the State of Florida, dedncting fram t6e value of laad for thc pucpcue of tazation aa~ Len thet~con oc changiag ia any way the existing laws for the taxati~ of mortgaga or d:bts sccured by mort- gage for state or lbcalpurpoaes, or the tnanner of the coliection of any such taues, so u to aHcct this mortgage, the holder of this mortg,age and of the debt wluch it saura, shall have the right to give six (6) months' writtrn notite to the owner of siid land n~quiring tbepa~nxnt of the entire indebtedness secvred hereby, and it is hereby agreed that if s~ch notice be givea the said indebtrdness s~hall beeome due, and eollectible at the ezpiration of uid six (6) moat6s. THIRD: Tbat the a~ottg,~gorag~ea to pay tU otber debts that are now or may bemme liens u~on or tharges against said pr«nises, and aot to permit aay lien of any kind to uccue and remain on said premises~ or the improvancnts thereoq - whic6 mi~ht take poaeda~ee mrct the lirn of this moctgage The mortgaga f~uthq agea nflt to crczte aay lirn oo said pcanisa ~unior 6ereM ~mlas the person entitlcd to the beae6ts thereof sha11 have agrad that the time for ihe ~aymecit of the indebtednas bereb~? sacuctd aad the mAnaer aad amount of paycnent thereof and the beaefits of t~e setunry affad~d he:ebj ma , witho~ toosatt of snchperson aad withoat any obligaNon t0 giv~ notice of aq kind thereto, 6e eutended, t~teYtet~c~ zoeeletated, sospended ahd refunded on aa~ temu whatsoever without ia any maaner affocting the priority of the lien heceby aeated as saucit' for thc paymmt of the indebtedness saured hereby or anq obligation subst~tuted thcrcfor or im~ed to refund same. FOURTH: Tbat the a~rtgagor agree's to keep said pcemixs aad im~rovements thereon in good conditioa and cepair wd not to oommit or su$et wastc thereof; to operate :ul linls, whether m-?proved ~astuc~.;, or~har~s, gruing, timber, or uop lands, in a good and husbandnnnlike mwna m aaordaoa with aeapt~d pn~pla of sound agricultural aad forestry pra~~tices; to take all reasamb[e precautions to rnntrol ~vind and wizter erosion; to fertilize impmved putura, if any, where necessa~y to mainhin a`good stand of desirabk gcuses; to praect ord~ards aad timber, lf any, b~ reuonable precautions against loas or damage b~ fire iacluding the mamtenaace of appmpriate fire breaks; md neither to remove nor permit the removal of any timber, buildings, oil, gas. minerat, stone, rock, day, fe~tiliur, gravel or top soil withoat the prior wcitten i conseat of the mortgagee. 1Le mortgagee shall have the rig~t to inspect the mortgaged property at such reasoaable tima ~ and intervals as the modgagee may daire, to determine'the mortgagor s complisnce with the covenants oontained in any clause of this murtgage. ~ FIFT~i: "I7nt the moztgagor agrees bo procvre, mainfain aad deliver, praniums paid,, to the mortgagee policics of insurance against sach haurdt on the build,ngs now or hereafter located on said premises u the mortgagee may from time to time reqwir, in such tanpania aad in suc6 amoant and form and with such loss payabte clausa u shall be satisfac ~ tory to the mprtgagee. The mo~tgagee is authoriud to assign and deliver said polides to anJ? puahuer of this mortgage or to the puid~aser of sud premisa at any foralosuce sale. In eveat of loas the poortgagee u ezpcessly authorize~ and em- powered to settle or compromise claims under said poliaes, aad the proceeds from said polida as well as any other policies procured by the mortgagor s6all bepa id to the mortgagee ~vho at ib sole discrttion may apply same or any pact thereof on aaount of the indebtedne3s serured beceby whether or not thea due and payable, or may applr t6e saane or any Part thereof towuds ihe alteratioq reoo~stcudion or repair of said buildings, dther to the portion damaged or any other porhon thereof, or tetease same to the modgagot. Such applicabion or release shall not cure or waive any default or notice of default here- ander or invalidatr any ad doae pursuant to such notice. SIX'IN: That in the event the mortgagor shall fail to procvre, maintain and deliver the insurance polida, premiums pnpaid, or to pay, u the same bernme due and payable, any tu or auasa~ent imposed by la~v upon said premises or any pact thereof, or t6e note, or indebtedness secvrod Fiereby, or to piy any lieq claim or d~arge against such premises which might talce precedenoe ova the liea of this moctgage or ta comply anth the provisions of puagaph Farrth haeof, the mortgagre emy. without notice or damnd, insiue any of the buildings and ,pay the c~st of such insurance and pay any of said taxa, assasmenb, liens, chims and chacges, or any pact thaeof, or redeem fram the sale of said ~remises for s~n~ tua or assasadeats (imguliritia in the levy or impos~tion of any taz or assessmmt beiag ezprasly wuved), or redeem fmm the sale of said pranises canlting from the enforament of aeiy such lien, claim or c6uge, or ezpend such sums as ~ may be aeoasary to aonat the failnre of the m gor to rnm~ly with the provisions of said pacagraph Fauth, and the aeoa ry mort8a8~~ ~9 i8~ immediatd to repay to mortgageq wittwut notice or dmoand, any sutas aopu d with interat ther~on at the same ntr as speci~ in the aote secared heceb~ on the prinapal thereof afta default and maturity, aad all wmsp~ud by the mottgagee with iaterat shzll booome ~ part~~A the indebtednas secvred hereby, and in defauh of immed'is?te thnof b~ the mortgagor the ahole ind as saured hereby shall at the option of tt~e mortgagee ~~ecome dae~~pa~We focthwnth ~vithout notia. aaoK ~f;5 ?~:.:1~~.~ ~ .Y ~ _ - - - - . ,r~t w7 : < ::ss:- ..,"-,~c.°s`y~~~ ' -