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Home My WebLink About0208 This mflctgagt is made, lwwevet, subjod to the follvwiag eova~anb,. conditions aad agreaaenb: I=iRST: 1~st tbe mottgagor hereby agrees uid to'venaats to pay the interat and principal hereb, s~cuced P~P~1 when due ~ad if default bc made in any part theceof, or in the payanent of aay other aaoaies heceby secured, thm the saau shall. a?it6~rt dea~and if asoctgagee sball etec4 b~romc duc and payable at once anc! the mortgage m~y be forecloeed in the manaa provided b~ Lw - SECOND: 1Zut the mortgagor sgrea to pay as the sanae become due and payable all taxes, ass~ssments, and other chuges impoacd by law (induding ditch~ canal, raervoir, or ochet water chuga, taxa. or assasments) upon said premua or a% put thereof including t6e moctgagoe's inherat thereia aad upon thi.s mortgagr or the aoce or inde~tcdness s~cured hec+eby, pmvided t~nt sl~ould the unounts paid for the mortgagee nnda this ~ragnph for auch ta:a, assasaaeats aad othcc charga togethec with tbe int«at on the ;ndebtednas exoeed the hig~est interest nte pcrmitted by law on the indebtedaas then owing, mortgagor shall not be liable to paq any of such euess over the highest lawful rate. In the event of the ~ge, afcer the dace hereof, of aay 1aw by the State of Florida, deducting from the value of land for the purpose of tuaaon an~ Lcn thereon or dung;ng in any way the e~sting laws for the taxation of mortgages or debts sccvrcd b~ mort- gage for state or bcal oc the ananner of the rnllatioa of any sudi tasa. so as to affect this mortgagc, the holder of ;1 this awrtgage aad of t6e~hidz it setnca„ shill have the right to give siz (6) manths aritttn notice to ihe owner of said ; landreqwru~g the of the entire indebtedness savred hereby, aad it is hereby agrecd that if s~ notia be givea the ~ said indebtcdnas ~ l~berome due. ~d mllectible u the eYpiration of uid six (6) moaths. ; - THIRD: That t}x mortgagor agree~ to pay sll otbet dcbts that are noar or may beom~e lieas upon or charges against ' said pcecnisa~ and not to peranrt any liea of iny lcind to aacoe and ra~in oa said pranises~ or the improvemmts thereoo, ~rhich mi~ht dJce precedenee over thc liea of th;s muct T6e mortgagor fucther agcecs not to aeate an~ 1im oa said premisa ~nmor h~O unlas ~e person a~titlod to the~6a thereof s6a116ave agrad that the ti.aoe for tbe ~ymenc oE the indebtcdnas bereby secvred and tbc manner and amouot of payment thecwf aad tbe bea~ts of t6e seau~ty afforded ~ hcreby m~a}?.~vitho~tt. ~ent of wchpe~~oa and ~ritha~t aay obiigition to give notia of ~n~ kiad then~to, be adended. - reertcud~d, aaelaated, wspended and refunded ~ an~ ~ whatwe~rr witl~ in an~ manner affating tht priorit~ of the licn hereb~ aated as secauity fcr ~e paymmt of the indcbteclness secured hereby_ ~r , aap obl~g~tion substituted thercfor a issued to refund same. ~ ~ FOURTH: ?hat the mortgagor agreea to keep said premisa and im~rovements thereon in good condition nnd repair aad noc to commit or suffet wute t6ereof ; to operate a[I lands, whether unproved ~astures, otrhards, gruing~ ticnber, or aop lands, in a good and husbandmanl~ce manaer in aaord~nce w'th•~c, pted prenpplcs of sa~nd?~grecvhural and foratry { practeca; to take sll reasonable precautioas M o~ntrol wind and watc~' ' ~on; to feetilize impcmrcd putura, if any, where naassry to maintxin a good staad of dainble grasses; to prot~ct orchards and timbet~ if any, by reasonable praautions sgainst loas or damage by 5re including- the maigbet~p~e of appropEia~e ~tre lareaics; aad neither to remove nor pernut the - temoval of any timber, buildings~ oil, gas, mineral, 'stone, rock, c1a'y, fertihzer, gnvel ot top soi! without the prior written oonsent of tl~e mortgagec. ~e mortgagee shall have the tight to inspect t6e mortga8~ P~P~~7 ~ such reasonable tin~es aad intuvals u the mortgagee m~y dain, M detcrminr th~ moctgagoi s compliance with the coveaants coatained in any dause of this mortgage. ~ FIFTH: 'Ibat the mortgagor agrees M procuce, maintain and deliv~er, premiums p~ed, to !he mortgagee policia of ~ iasuranct against, such ha~rds on the bwld~ngs naw or hereafter lonted on ssid premises as the mortgagee any from time ~ to time rcqwre, m such compaaia and in such amount and form and with such loas payabtc cla~sa u shall be satisfu ~ tory M the moctgag~e. The mortgagee is authorized to assign aad delivec said polides bo aay purchaser of t6is moctgage or to the pucdvser of said premisa at my foraloauae sale. In eva~t of Ioas th4 mortgagee ;s ezpressly authorized and em. a pawered to settle or compromise daims under uid polida, and tbt proacds frwn uid poliaa as well as aay oth~r policia ~ pmcvred by tb~ moctgagor sball bepa~d to the mortgagee who at its sole discn~tion may appl~ same or any part thecrof on , aaouat of tl~ indebtedaas secured Lereby whether or aot then due and payablq or may app!y the same or aay Put thercof ! towards t6e altenti~n, aooostroction or cepair of said buildiags, either to the portion damaged or anp other port,on thcreoP, ~ or rehase same to thc mortgagor. Such application or rele3se shall not cvte oc waive any default or notice of default hero- ~ undet or invaiidate any uc d~ne pursuant to such notice. SIXTH: Th:t in the eveat the moctgagor shall fail to procvre, maintain and ddivec the insurance ~olicies, premiiuns prepaid, or to pay, as the same become due aad yabk, u~y tu or assa:mmt imposed by hw upon sud premixs or any : uy pact thereof, or the note, or iadebte~dness secured reby, or to pay any lien, claim or dnrge against such premixs which ? might talce precedence over the t;rn of this moctgage or to rnmply with the provisiuns of puagcaph Foucth hereof, the ~ moitgaga aoiy, without notice or demand, insure any of the baildings aad pay the ooat of such insurance and pay any of uid tua, auasments, Uens, ctaims and chuga, or aay pact thereof, or redcem from the sale of said ~nmises for an~ ta~ca or assessmrnts (irregularities in thc levy or impo3ition of any tu or assessmcnt being e~cpressly waived), or redeem from the sale of said premises renilting from the enforcement of aay snch lien, claim or charge, or ezpend such sums as ' may be necasary M mnect the failuce of the mortga~or to complq with the provisions of said paragcaph Fourth, aad the ~ mortgagor hereby agrees immediatety to npay to tbeawctgagek aRhout notice or demand, any suau sop~ d with intecat thereon at the same rate as speci6ed in the notc scrured hereb~ o~.tbe prindpa! thercof after defsult snd naturi , and all n swns pn~d by the mortgagce with interat shall baome tpa rt of the indebtedness secviced hereby~ aad in efauh of immed'ute repayment thaeof by the moctgagor tho wh41e indebte;lnas secured hereby shall at the optian of the mortgagee beeane due aad payable focthvinth wit6o~t notia. SIXTH-A: In the event th~~ the pnrtgaged premises, or any portion thereof be sold ~ or conveyed prior to the time the indebtedness secured hereby shall have been reduced to $100,000.00, then the entire indebtedness secured by this mortgage shall, at the ~ option of the mortgagee, became due and paypble. ~ ~ ~ lO~X ~A6E ` . ~ i 4 ~~~B~~+c~ G-t ~ K~ ~v._.:.. y _