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Home My WebLink About0142 . 1 ~his moctgage is mad~ how~wer, subjact to t6e Edlpw4p6 c~avenaob„ oonditiaas and agreemeats: FIRST: 1Lit d~e mortgagor hereby agcees aad coi~e~ Lo pay the iaterat aad priacipal herebf P1OpDP~) w~hea due and if default be made in wypart thereof, or in the payment of any other monia herehy secured, then the :ame shall, witha~t demaad if mortgaga s6all elect. beeo~nc due and payable at oace aad the mortgage mzy be for~clased ia the manntr ptovidcd b' hw. SECOND: 'l~eat tbe mortgagor agrees to pay is the same bemme due and payable all taaes, assaunents, aad otha cbacga imposed by hw (mcludiag ditch, canal, raeivoir, or otha watu chuga, taia. or asussmenb) poa said premues oc aa~ pact theceof•inclading the moit,gagte_s intecat thenia aad upon this mortgage or the note or mdu~tedtias savred hereby, prov~dtd that should the awouats pa~d for the mortgagee uiadu this ~aragraph for snch tua, asxs~ttenb a.ad other d~uga togethec with the intecat on ~e indebtednaa e:cYed t6e hig6at mterat nte permitted bp law on the indebtednas thea owi~ mor~gagor stull not be liable to piy any of such e:cas ova the higbat lawful cate. Ia the event 1 of tbe kasssgq afta the dabe hereof. of any Lw by the State of Florida. ded~cting from the value of lsnd for du purpoae of taxiuan aaf liea thereon or d~anging in any way tbe r~isting la~vs for the taxatioa of morcgaga or debts secured by moit• ~ gage for stite or lbcglpurposes, or the caannu of the eollabion of anq such taxes, so as to affect thu mortgage, the holder of " ~ this mortgage and of t6e- debt which it secura, sbail have the rig~t to gnre siz (6) mooths' arittea notia to the owaer of said ~ pay~nc i landrequ~ing tke of ihe entire indebtedaess seau~d hereby, and it is heceb' agcecd thit if wch notia be given the ~ uid ind~kdaas ~yail beoome due, and oollectible at the e~~pu~tioa of said siz (6) months. . . THIItD: That tbe mortg~gor agcees to pay all otha debts that are c~W or may baome lieos upa? or cbarges agaiast ~ said pcemisa~ aad not to paaut any lirn of an~ kind eo aoaue and remain on s~tid premises, or the ~mpro"vements cl~ereon. ~rhicfi au~ht dJce prao~deaee over the lien of this moctgage. The mortgigor fucther agrea not to ante any lien en said premisa ~onior hento unlas the person entitkd to the bmefits thereof s6at1 have agcad that tbe time for the ~aymeat of the iadebtednas hereby saured and the mannec aad amauit of_ paymeot tbeceof and dx beae5ts of the seau~q afforded hereby ma , wit6out coosent of sud~person aad without any obligatioa to give notia of any kind thrreto, be rxtended. reextende~ aadec~ted, avspa~ded and cefunded on any ter~ss whatsoe~er without in an~ mannec affecting the prioaq of the lien herdsy created u secucity for the piyauat of the indebtednas secumi hereby or aa~ obligat?on snbatituted therefor or issued to afund sune. - FOURIH: ~at the mortgagor agrees to keep said pr~eaisa and 'un~mvements theceon in good condition and repair aad aoc to aommit or suffer vvaste theroof ; to opente all ]ands, whether ,mproved ~astura, orchuds, gruin& timber, or i crop lands, in a good and husbandmanl~ce annner m icrordance with uoepted prinapla of sonnd agcicuhural and foratry I pracaces; to take all reasaoable precautioat to control wind aad water erosion; to fe~ze impmved'pastures, if any, where ~ na~acy to maintaia a good stand of desinble grasses; to pcotat orchuds aad timber, if any, by reasonable precautions ~ agaia~ luas or damage by fir~ including the a~aintenance of appmpriate fire breaks; and neithec to remove nor permit the j ~ removal of any timber, buildings. oil, $as, mineral, stone, rak, c1ay, fatilizer, gravel or top soil without the prior writtm ~ l aonseat of the mortgaga. 1he mortgagee shali have the rigbt to inspect the mod8a8~ P~OP«h' at s~xh reasonable tima ~ and intecvals as the mortgagee may daire, to determine the mortgagor s mmpliance with the covenwts containcd in any clause of this mortgage. FI~TH; 'Il~at the moc~gagor agrea M procuce, maintain and deliver, praniums paid~ to the morcgagee policia of insuru~a against such hamcds on the bWdiags aaw or heceafta located on said premisa u the modgagee uny from tune f to time reqwre, in sud~ compania and in such aawunt and form and with such loss papabh clauses as shall be satisfu ~ toiy to the mortgagee,'I~e mortgagee is authorized to assign and deliver said policia to any pucchaser of this mortgage or to tbe purchasa af aaid premises at aay forocloaun sale. In eveat of loss the mortgagee u ezpressly authoriud and an- I powered to settle or compromise claims under said policies, and the proceeds from said policia ss well u any other policia ~ procuced b~ the mortgagor shall bepa~d to the awrtgagee wha at its sole discretion may apply same or any put theceof on , acrount of the iadebtednas secvred lureby wheti~er or not then due and payable. or may apply the same or any put theceof } towacds the al~tioa, reooattruction or cepaic of ssud buildings, either to the portioa damaged or any other pochon thereoP~ ~ or rete~se sarm to the mortgagor. S~ch applicatioa or release shall not cure or waive any default or notice of default heco- unda or invalidste sny ad done purwant to such aotice. ~ SIXTH; Tl,at ia the event the mortgagor shall fail m procure, maintain and deliver the insurana polida. premiums pnpaid, or to pay. u the sune beoome due aad payable, u~y tax or assaune~t imposed by law upon sud pcemises or uy part theceof, or the n~q or indebtednas secured hereby. or to pay any lien, claun or charge against such pmnisa which m~g~t take precedeace ovcr the lirn of this moctgage or to"comply w~th the provisiau of paragraph Fourth heceof, the mortgagce may, without aotice or demand, insuce any of the baildings and p~y the oost of wch inwracxe and pay any of ~ said ta:es, assasments, liens, ctaims and chuga, or any paet thereof, or redam fcom the sale of said ~canisa for aa~ ~ tua or usessnxnts (inegularitia in the lrvy or imposidoe of aay tax or assasmeat being ezpcasly warved), or redeem ~ from the sale of said pcemrses resulting from the enforcemmt of any such lien, claim or chuge. oc e:paid such sums as ~ ~ may be naas~q to corred the failure of the mortgagor to comply anth the provisioas of said paragraph Foarth, and the 4 modgagor hereby agrea immediately to rep~ay to the tnortgagee. Rnthout notice ot demand, any sams so paid v~ith interat d~ereon at the ume rate as specified in the note secvted heceb~ on tt~e prindp~l thereof after default and maturity, ana aij ~ sums d by the morcgage~ with iataat shall becoane a pact of the indebtednas secvred hereby~ and in defauh of # ' iate repayment thereof by the moitgagoc the ~vvhole indebtednas secured hereby s6all at tbe option of the mortgagee ~ become due and payable focthwit6 ~vithout aotice. ~ SIXTH-A: In the event that the mortgaged premises, or any portion thereof be sold € or conveyed prior to the time the indebtedness secured hereby shall have been reduced j to $24,000.00, then the entire indebtedness secured by this mortgage shall, at the ~ f I option of the mortgagee, become due and payable. ; t ~ 'eQ~orc~ ~4,2 - , ,t~~-y ~tl ~ -