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1~is mortgage is made. howeva. subject to the follo~ring oavwants, condiriont and agreements:
r'IRST; lhat t6e moctgagor harby agcea and covenaats to pay the interest a~d prindpal hereby secureci promptly
whea duc aad if default be made ia su~ppart thereof, or ia the payment of any other monia hereby secured. thrn thc
same s6all, without demand if mortgagee shall dctt, bccome due ued payable at once and the rriortgage may be foredosed
in the manner pmvidtd bJ hw. .
SEC'AND: 1~at the mo~ctgagor agcea to pay u the same become due and payabl~ all haes, assessments. and other
charga imposed by liw rncludiag ditc6~ tanal. resenoir,- or othet water diarga, tues, or assessments) upoa said
premua or an~ put th~•induding the mottgagec's interat therein aad upofl d~is mortgagt or the note or iadebtedness
secured heceby, provided ihat should the amounts paid for the mortgagee under this ~aragraph for sudi tua. assasments :
and othet d~arga together with the interat oa the indebted ness exaed the highest mterat rste permittrd bp law on the
indebtedaas then owing, mortgagor shall not be liable to pay any of such ezcas over the highat lawful rate. In the event
of the passige, afta the date hereof, of wy law bq the State of Florida, dedactiag from ~the value of land for the purpose
of taxatioa any Lea thereon or changiag in any way the eacisting laws for the taxation of mortgaga or debts socured by mort-
gage for state or tocalpurpoaes, or the manner of the collection of aay such taxes. so u to a~ect this mortgage, the holdec of
this mortgage aad of the- debt which it secura, shall have the right to give siz (6) moaths' written notice to the oaner of said
landrequicing thepaymrn
t of the entire indebtedness secured hcreby, aad it u herebp agrecd that if such notice be givca ihe
said iadebtednas s~6all baome du~ and colloctible at the expiration of said six (6) months.
THIRD: That t6e mottgagor agrea M pay all otha debts that are now or may become liens u~on or charges against
said premisGS, and nat to paanit aay lien of aay kind to uaue and remain oa said premises, or the unprovements thereoa, '
which ati~ht take pc+ecedenee ova the lim of this mortgage. The mortgagor further agrees not M crcate any lirn on said
premises ~unior hereto unlas the persoa rntided to the brnefits thereof shall ha~e agceed that the Nu?e for the ~aymrnt of .
the indebtedaas henby savrcd and the manner and unarnt of payment thereof aad the bene6ts of the secunty afforded
hereby may, without consent of suchperson and without any obligation to give notice of aay kind thereM, be estended,
reactended, acrclerated, suspended and refunded oa any terms whatsoever p ithout in any manner affetting the priority
of the lien hereby crated u secvrity Eor the paqmeat of the indebtedness secured hereby or aay obligstion subatituted
therefor or issued b rcfund same.
FOURTH: Tlut the modgagor agrees to keep said premisa and improve~xnts thereon ia good condition and repair
aad not to commit or suffer w~ste thereof; to operate all lands. ahether improved ~astures, orchuds, gruing, timber, or
crop lands, in a goQd aad husbandmanlike manner ia accordance ~ith ucepted prinnples of sound agricuhural and forestry
pnctices; to take all tasonable prec~utions to coatml wind and water erosion; to fedilize unproved pastuces, if any, where
necessary to maint~ia a good stand of desirable grasses; to proted orct~ards . and timber, if any, by reasonable precautions
against loss or damage bJ 5te induding the mamtenance of appropriate Cue breaks; and neither to remove nor permit the
~ r v ot t soil without the rior written
removal of an timber, buildings, oil. gas, mineral, stone, rodc, clay, fertilue . gra el op p
consent of the modgagee. 1Le mortgagee shall have the right to inspect the mortgaged property at such reasonable tima
and inteivals u the tnortg~gee may desire~ to detetmine the moctgagor's rnmpliance with the covenan~S contained in any
clause of this mortgage. , ~ •
FIFI'H: "I'hat the mortgagor agrees to procure, maintain u?d deliver, premiums paid, to t~e mortgagee policies of
insurance against such ltazards on the buildings now or hereafter loeated on said premises as the modgagee may from time
~ to time require, in such tompanies and in s~h amount and form and with such loss payabte dauses as shall be satisfac-
tory to the mortgagee. The modgagee is authoriied to assign and deli~•er said policia to any purchaser of this mortgage or
to the purchaser of said premisa at any foteclosure sale. In event of loss the mortgagee is expressly authorized and em-
powered to settle or mmpmmise claims under said policies, and the pcoceeds from said policia as well u aay ot6er policies
pcocvred by the mortgagot s6all bepa id to the mortgagee who at its sole discretion may appl' same or aay pad thereof on
aaount of the indebtednas stcured hereby whethet or not then due and payable, or may apply the same or any ~art thereof
towards ihe altecatioq moastn~ction or repair of said buildings. either to the port~on damaged or any other portion thereoF,
or release same to the mortgagor. Suc6 application ot release shall not cure oc waive any default or notice of default here-
~nder or incalidate any ad done pursuant to such notice.
SIXTH: That in the event the mortgagor shall fail to procure; maintaia and deliver ihe insurance policies, premiums
prepaid, or to pay, u the same become due aadpa
yable, any tu or usessment imposed by law upon said premises o~ any
part thereof, or the note,_or indebtedaas secvred hereby, or to pay any lien, daim or charge against such premixs which
. m~ght talce precedence over the lien of this tnodgage or to comply with the provisioas of paragraph Fourth hereof, the
mortgagee maq, without notice or demand, insure any of the buildings and pay the cost of such iasurance and pay any of
sud taza, assasments, liens, ctaims and charges, or any pad thereof, or redeem from the sale of said ~remisa for any
taxa or assastnents (icreguluida in tht levy or iroposdion of any ta~c or assasmrnt being ezpressly waived), or Yedcem
from the sale of said premisa raulting from the enforcement of any s~ch lien, daim or charge, or eupead such sums ss
may be naasary to oonat the failure of the mortgagor to rnmpl' with the provisions of said puagnph Fourth, and the
mortgagor hereby agea immediately to repay M the mocigagee, without notice or demand, any sums sopaid with iaterest
thereon at the saroe rate as speci6ed in the note secured htreby on the prindpal thereof after default and maturity, and all
suau pu'd by tbe mortgagee w~th interat shall beeome a put of the indebtednas secvred hereby, and in defauh of
immediate repayment t~ereof b~ the mortgagor the whole in~ebtedaas secured herebq shall at the optwn of the mortgagee
beeome due aad pa~able focthRnth withoat notiee.
SI~H-A: In the event that the mortgaged premises, or any portion thereof be sold
or conveyefl prior to the time the indebtedness secured hereby shall have been reduced
to $200,000.00, then the entire indebtedness secured by this mortgage shall, at_the
option of the mo'rtgagee, become due and payable. ' ' ~
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