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HomeMy WebLinkAbout2381 - - - - . . , ~ . - ~ _ _ - _ _ _ - . . _ _ _ . .f ; c . 4. Firat party will loeep in good order and oo1l~iQiEWu,. p~rv~.:~ ~e~ir, sebuild aad restor~ all terraces, ' buildiags. ~rov~s, onl~uds, faxa, fixtwes, shrubber~ a~~r itnprpvaa~qtb~ of every kind aud aature, aow oa said laad and hereafter erected or placed thereou that msy destroyed or dsmaged b~r 5n. wiuds~orm ~ otherwiae~ ~ and wiU uot peraut the change, in~ury or rmwval thueof, will aot commit or peraut waste oa said land, and will not. except v?ith the wntten ooasent ot aecoud party, cnt, use or nuwve, or permit the cutting. use or rarwval of, aay timber or trKa ai said laud for sawmiU, turpeatine or other uses or purposes, e~cce~t for firewoai aad ot6er ordinary farm First p4rty will also pnserve sad kap in g~ood ordu and cond~tian aU tras aAd tiazbet aow and her ter growipg upon the said property. and will at atl timea protect the trres aad timba against los= or dama8~ bY fu'~. alt to the att~sfaxtioa a~ the seooad party. 5. Firat party will at aU tunes P,T'oPalY fert~ite, cultivate, car~e for, snd maintain in a prodnctive coudition all the grove and onhard tras aow oa sa~d property or hereafter planted theroon, and will protoct the grovea and archards against lws,or damag~ by fir~ by ~ and maintaining propa 6rebrtaks on and around aaid prop- erty, and by keeping undergr~?th cnt, to the ~actioa of seoond pnrtp. Firat party w~l not tiop-work thegrov~e or orchard Mees without first obtainju~•thQ writk~a conseat of aecond party. Seeond party ia htr+ebr sntherized and empowaed to have sppnisals of aud p~~paty mlda by a Land Bank appraiser, or bq othera, at such times as see- _ nd party, un its sole disadion, may d re. 'rhe cost of such appraisals shall be p~id by firat party immediatdy upon prese~tation of an itemi~ed statea~ent thereof and shall be secured by thia iasd~umen~ 6 Time is of the essenoe of said xwte and of this instrumeat. If firat pairty fails to oo~nply witb any o~veaaat, condition or agreanait in this instrumeiit or iu the aaid note or ia anq reamortization. raiewsl, defercntat, or ex- tension agreanent, saond party may, at ib option, exacise any one or more of the following righis, powers ~itivi- teges, and ranedies: (a) Perform any a~e or man of the oomnanb of first party in tbis instrumait and in the said note, and all am~nts advancod by seoundp~rty in doiog ao shall be due aad gayable by firat party to sa.~ond party immediatdy without notia, and shall be aecund by this instrumeat, and shall be~r iaterest from the date of advance by secoad party at the highest rate autlzorized to be cbarged uader the It~daa! Fatm I.oan Act, as amaided. (b) Declare a11 aaoormts secured bq this instracpmt imm~diatdy due and paysbk wittwut notice. (e) Prooad immediatdy to foreclose this ~age, and puraue anch oth~.~r remedies as may be sudwrined by law. . 7. As further security for the paymmt of the note hereia descn'bed and for the pedonnance of alt the terms, ~ coriditions, and covenants of said note and of this mortgage, firat party hereby traasfers, assigns, aad aeta ovec ~ second pariy all of the crops sowa or growing upon tlk said mortgagrd preauses at the tiase of Sting suit for fa+~- dosure he:cof and thereafter, and all of the rents. issues, and pmfts of the said mortgaged ~raniaesQn~~'d~aad nn aollected at the tiene of filing snit for foreclosure herro# and the~eafter, and upon fili~ s~ut for f ar it any time thereafc«, seoo~nd parcy sha11 be a~dded ~u have a reaivec appointed co talae charge ~ the ss~d mortgag~ed premises and #he crops sown or growing theraon, ~ogetha with the said rents. iasues, aad profits srisimg thera from and hereby assigned, and hold ttu saa~e subject to the order and direction af th~ aonrt. 8, Ia the eva~t said debt, or anq part thereof, is established by or in any action for forec~ure o# this mort- : gage, second party may also recovu of first party, in additioa eo the said debt or so much thereaf aa shall be ucipaid, a reasonable fet for the attorney of second party for professional services rtadered in such adion, such fee to be incorporated in the decree of foreclosure in such action. . 9 First party shall hold and eajoy the said premises unt~ defauh ia paymeat af auy o~ the installments as provided 'm said note or a breach o~f any of the oovenaats or conditions of said note or this mortgage shatl bt made ; however. aay agent or employee of second party or atry person designated bp second party may mter upon said premises at any time for the purpose of inspetting same ar for au~? other purpase desired by seoond ~party. 10. A11 amo~mts that may hereafter be awarded for oondemnation of, and ~vaste and tortious injury to, any af tht property hereby encumbered are herebq assignad and shall be payable unto seoond part~? for applicatian. after P~Y~t therefrom of attoraey's feas and e~cpa~aes mcurred by first party and by seoond party in connection there- with, on sach part of the indebtedness secnred hereby ss second party may determine, ~th no duty . on sernnd patty to ooUe~ same. - 11. 'This instr~una?t is subject to the F~derai Farm I.aan Act and a11 a~cts aatiendatorp thereof and sn~plo- meatary thereto, and regntations issued thereunder. Ali riBhts, Powers, P~v~~s, opRions and reatedies and nghts allowed b}? law, may be peirsued concurnatly, and shall extend to and may be exercised aad enjoyed by ffie suc- ces.sora and assigns of suond Part3?, and bY anY ageat, of~'ioa, attornty or repnsentative of aacond party, its snccess~rs or assigns. AIl obligations of. and ass~gnmeats by. first party haein and hereunder shall extend to and be binding upon the heirs, executors, administrators, suocessors, and assigns of first P~Y- IN WITNESS WHER~OIt. first party has exe~uted and seated this mortgage, this day and ycar first abrnre writtrn. SiRned, Sealed, and Delivered in the pt~ence of : / ~ L) ~ . (SEAI,) __(SEAL) - ( SEAL) ~_~__(SEAI,) C ~ _ (SEAL) dQOK PAb'E~t ( ( ~a~'~`~'~`~;s°~~ a~~~-~ - - _ 5~,~ e. p~a ~ _ .