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HomeMy WebLinkAbout1234 + ~ . ~ . . _ _ . _ _ _ . _ _ _ . - - _ . , ~ . _ - - ' . - . ' ' . _ + ~ ~ . . ~ . . . , j , ~ M . h ~ • 1 ~ r r ~ . i • ~ , , , i . E . , ; , ; . ' " l . t ~ TO HAV~ AND TO HOLD, t6e said property, to~ether with all and singular thc rights, members, heredita- areats, and appurtenanoes thereunto belonging or in aay w~se apperiaining, un~ sa:ond party, its suoces~ora aad as- signs, in foe s~mple forever; and first party hcreby binds himself (itsdf), his (its) heirs, eaecutora, adntin~sh~ators, succcssors and assigas, to warraat and forever defend aaid property~ ar?to seoond party; its sn~coesso~s and assigns, from and against first party, the heirs, acecumra, admiaistratora, suooesaors and assigns of first party and aU other persons whomsoever lawfully claimiteg or bo claim the same or aay part thaeof. ' PROVIDED AI,WAYS, NEVERTHELESS, and it is the true intent and meaning of the parties to thtse preseats, that if first party shall pay, or cavse to be paid, unto seo~nd party, its suocessora or assigns, said debt or sum of money, with untaest thaeon as aforesaid, aad shall perform all tams, oonditions, and oovenants aooording ta the true intmt of said note and this niortgage and any other instrument securing said not~, and compty with a11 ttx . provisions of the Federal ~arm I.oan Act and all amaidments theretn, and with the ngulations issued and that may be issued by the ~arm Credit Administration, ajt of which an hereby made a pazt hereof~ then thia mortgage shall cease, determine, and be utterly null and void; otherwise it shall ranain in full ~force and eHecL ~FOR THE CONSIDERATION AFORESAID, first party covenants as foUows : 1. First party is lawfully seizod of said ~raperty in fee simple and bas a perfect right to oonvey same; there are no encumbrances or liens whatsotver on said property except th~s mortgage. 2. First garty will iasure aad koep insund as may be reQuired by seoond party from time ~ time all grova and orct?ards now an said property or that may haaft~r be thaeon against loss or daanage by fire, windstorns, hai1, frost, freeze, and/or other raaualty, aad-all bnildings now on said property, aad aIl b~dinga which may here- ~ after be erected there~n, against loss or damag~ bY fire, hail, windstorm, and/or other casualtq, ia such form, such amounts, and in mch company or oompanies, as shall be satisfactory to socond party, the loss, if aay, to be p~yable to saond party as its interest may appear at the time of - the loss. First party will ddiver tio secondpartq the policp or palicies of irisurance with mortgaga clause attached thereto satisfactory to seoond party, and will -l~P~Y P~7 ! when due all premiums for such insutanee. If anq grove ar orchard shaU ba destr+oyed or damaged by fire, wind- ` storm, hail, frost, freue, and/or offier casualty. the amount received in settlerna~t of the loss or damagc may be ~ - applied at the option of seoond party oa snch part of the indebtedness secured by this instrument as seornid party may in its s~le discretion determina If any building on said property so insured shall be destroyed or damiged, the ' amount received in settiement of the Ioss ar daznage maq be a~lied at the optian of &rst party to the recanstruction or repair of the_ buildiRgs so destroyed or damaged, subject to the regulations issued or that may be issned unda the Federal Farm I,oan Ad or acts amendatory thaeof or supplemental thereto; and any portion ~of the not so used shall be applied on th~ debt hereby secured in such manner as second party, in its sole discretion~~y determine. " 3. First party will pay, when due and payable. all taxes, ~ts and other charges that may be levied or assessed against sa~d property, and all judgmmts and all other amounts.d~at maq be or becoa~e a lim thenon. 4. First party wiU keep in good order and condition, preserve, and repair. rebu~d and restore all tenaces, buitdings. ~roves, orchards, fmas, fixtuns, shrubbery and other impravements. of every kiad and nature, now on said land and hereafter uected or placal thereon that may be destroyed or damaged bq fire, windstorm or otherwise, and will not permit the chanRe, injury or removal thereof, wiU not oommit or pamit waste on said land, aad wiU aot, except with the writtrn consent of - sec~d party, cut. use or remove, or permit the cutting, uae or maovat of. any timber or trees on said land for sawmitl. tUrpenti~e or other usea or purposes, accept for firervood ar~d other ordinary farm purposes. First pariy will also preserve and keep in .good order and oondition all trees and timber now aad hereaker Arowing unon the said propertq, and will at all timea protect the trces and timber against loss or damage bq 6re, a11 to the satisfaction of the seoond pnrty. ~ t S. Fisst partq ~ iq at all tima properly ferh'lize, cultivate, rare for. and maintain in a productive condition all ` ` the g~rove and onhard trces now on said property or herrafter ptanted thereon~ and will protect the groves and . ~ s s.. -m-.-.~-_~ ' _ _ _ _ . _ . - . .-_.-n:-.-_-~~. _ - - . _ . ' c'- . -_'c._-._r~=' 5~168 ~i~?31 . _ . _