Loading...
HomeMy WebLinkAbout0782 ti ~ This moctg~ge is msde. lroweva, s~bjat to t!~ fdl c~a~ta c+~o~idons aad agroements: ' FIRST: ~at tbe m«tgagor berebY a8cca aad a~~es~~bo paj theW~ aad princiP°~l huebl P~PUI whea due md if default be made in an~pact thereof, ~ in the payment o aay other monies hereb~ secured, then the same shall, w~ deao~tnd if muttgagx :6all elat, bec+ome doe and payabk at once aad the moctgage ma~ be focalosed ` ia tbc minn~t prc~ided 6J hw. ~ SHWND: 17~tt the a~ortg~gor agroa b~ pa~ u the same beaoane due aad payable all tsxa; assessoneats. aad other chuges imposed b~ ~Isw (u~cludiog ditc6. canal, resecvoir, or other water tharga, tua, ot assessmants) upon uid prem~sa or m~ put thereof •ialuding the mortg~gee's iaterat theceia and upon this mortgage or the note or indebtedness savrod hereb~, pr~mded th~t should ihe amounts paid for the mortgagee unda thu ~acagraph for ~xh tsxa, assamo~ ~ and other charges togethes with the inecrat ou d~e indebtednas cxoeed the higbat mterat rate permitted by laa ~ the , indebtednas ihea owio~ mortg~gor shall not be liable to p~y aay of anch euess over the hig,hat lawful rsbe. In the event of the ~assigG afta the dabe hereof, of any laar bp the State of Floada, deducting from thc vxlue of Lnd fot the pucpose t~ ga of taxahon aay lien thereon ot dunging in any ~ray the' existing laws for the ta~ntion of mod ges or debts savrrd b' mort- gage for state or balpurpoaes, a the manner of the collection of aay such tana, so u to affect this mortgage, the holder of thu moitga~e aad of tbe- dobt which it sec~ua, shall have th~ right to give six (6) months' writtm notice to tix ownec of said landreqwru~g tbepayment of the eatire indebtedaess secured hereby, aad it is henby agreed thit if soc6 notice be giren tbe said ind~tedness ~5all beoome due, and oollcctible at the ezpiration of said siz (6) mondu. THIRD: Tlat the mortgagoragcca to pay all ot6er dcbts tt~at ue now or'~ banme lieas u~on or chuga against said pranisa. and not to pamit any tien of any kind to ~caue. and ranain an sud premises, or the unpcm~aneats thereon, whic6 m;~ht take pcceedeoee avec the lien of this moctgagG Themortgagor fuct6ec agre~a not to create any lien on said pcemisa ~unior hereto ualas tbe person mtidcd to the benefits thereof shaU- have agroed ihat the tinne for the ~aymeat of the indebtednas hereb~r savred and the manaer aad amount of payment thecoof and the bene6ts of ~e sanrihr sffordod hereby ma , witt~o~t coosent of suchpe~o a and without aap obligation ~o gi~rc notice of my lcind thaeto, ~be e:teaded, raztende~ iaalented, ~speaded md refunded oa taj terms whatsoeva w~thout ia any m~nner affectiag the pr;orit~ of the lien hereby crated as saurity foi the jfiyment of the indebtedness secured heceby or any obligation snbahtirtcd thecefor or issned to cefund same. _ FOURTH: That the ~rt$agot agrea to kap said prwoises and im~rovantnts theceon in good coaditian md r~paic and not to ~ommit ot suffet waste thfreof ; to operate all lands, whethet unproved pastuca, orchatds, gruing, timber, or _ crop laads, in a good aad h~sbandmm~l~7ce manner m aaordana with ucepted priaapla of sound agricuhuca! and forestcy practues; to take all rtaw~oable prscautions to oontcol wind and water erosioa; to fe~tilize impmved pastuca, if any, where ~ naessary M maintain a good sEaad of desirable grasses; to protect orct~uds~ and timber, ff any, by rrdsonable precautions agzin tst loss or d~ange 6~ fire iadnding the mauntenance of appropriate 5ie breaks; and neitha to mnove nor permit the ranoval of any timber~ buildiags, oil, gas. mineral, stone, mdc. diy. fertil~er, gnvd or top soil witho~it the pnor written consent of the mottgagee. 1be mortgaga shall bare the ri~t to insptct the moct8alS~ PfOP«h' at such reasonable tima f aad intervaLs u the moctgagee maT daire, to determine the modgagoi s cumpliaoa with the rnvenaats oontained in aay dause of t6is moitgage. ~ FIFTH: That the mo~agor agrea to procvre, maiatain aad deliver, premiums paid. to the mortgagee poliaa of insurance against. s~ haurds on the buildings now or heceafter loc~ted on said premises u the mort~~gee may from time ~ to time reqwre, m s~ch compaaia and in such amount and form and with such laas payable clauses as shall be sat~sfac ~ tory to the enoctgagee. The mortgagee is authorized to assign and deliver said polida to any purchaser of this mortgage or ; to the purchaser of sud prmnisa at any foralosure sale. In ewent of loss tt~e mortgagee u apressly authorized 9ad arr ; powered to settle or eompromise claims uader said polides, and the procetds fcom said poliaa u well u any other policies ,y Pmcured by the mortgagor shall be paid to the mortgagee who at its sole disartion may apply same or acry pad thenof on ; aaount of the indebtedaas secured heree~ whether or not tben due and payabl~ or may apply the same or aay ~act thereof ; towuds the altecation. reooattmction or repair af said buildings, either to the portion damaged or any other porUoa thercof, ~ or retease same to the mortgagor. Such application or telease shall not cvice or waive ury defa~ilt or notice of defanlt here- - nnder or invalidate any ad done pucsuant to such notice. SIXTH: T6at in tbe event the modgagor shall ful to procuce, maintnin and deliver the insucu~ce policies, premiums pnpaid, or to pny, u the same baome due andp~pable, ury hz or usessment impcued by law upon sud pranises or any part thereof, or the notq oc indebtednas savred ~ereby, or to pay sn~? lien, claim or dra~ge against such premisa which might take praedena over the liea of this modgage or to comply. Rnth the provisioos of paragraph Foucth hereof, the mortgaga may, wit6out notia or demand, iosure any, of the buildu~gs and _pa~ the aoat of wch iawrance aad pa~ any °f said taza, s~a~, lieai. c~tims aind chuga, ar any part ~ereof, or redam fman t~ie sale -of said ~remisa for an~ tua or us~menb (irnguluitia ia the levy or unpositioa of a~ ta~c or asxssma~t being ezprasly waived), or redeem from the sale of ssid prem~scs raalting from the eaforament of any sud~ lien, claun or chuge, or ezpend s~c6 waRS as m~y be neoe:sary fio a~uect the failnre of the moctgagar to aompl~ w?~th the ~ravisions of said t~8~Ph Foarth, aad the awrtgigor h«eby agt+ea immediatd to rtpay t~o the mortgage~ wi~ aotia or demaad, a~ sams sops.~d with intecat tharon at the saa~e rate as sped6e~;n the note secured bereby on the prinapsl thereof afta defwit aad ~aturity. and all sumspu d by the moctg~ga with interat shill becnme s~ of the indebbednas saured hereby. iad in default of immediate :payment tbaeof b~ the mortgagot tbe wLole '~tednas saviced haeby s6all at tbe option of the mortgaga baome due u~d pa~aWe focthanth w~w~rt nodoe. ~ d~~ ~ ~ • ; ~ w"~W7~~.:t.4_....~ r-r_riy r7'F ~ : ~ . _~.Fr u - J' ' w~.~' ~ . . ~.~s~,.~:Tt``. ~ _