HomeMy WebLinkAbout2806 Furai L-9.~31•FloriJa. Rer. Dtc., IOdT (I~~diridwl and Corp.).
9(a). In the event second party Uecomes a party to any legal proceecling (excluding :u? action to foreclose
this mortgage or to collect the debt hereby secured), involving this mortgage or the premises described i~erein ( in-
cluding but not limited to the title to the lands described above), second pazty may also recover of first~a rty all
costs and ex~enses reasonably incurred by the mortgagee, including a reasonable attorney's fee, which costs,
expenses and attorney's fee when paid by second party shall bcome a part of the debt secured hereby and shall
be immcdiately payable upon demand, and shall draw interest~from the date of advance by second party until
paid at the higfiest rate provided in said note.
9(b). In the event said debt, or any part thereof, is estabyishecl by or in any action for foreclosure of this
mortgage, second pariy may also recover of first party, in addition to the said debt or so much thereof as shal) be
unpvd, a reasonable fee for the attorney of second party for professional sen~ices rendered in such action, such
fee to be incor~wrated in the decree of foreclosure in such action.
10. First pazty shall hold and enjoy tre said premises until default in payment of any of tl~e installments as
provided in said note or a breach of any of the rnvenants or eonditions of said note or this mortgage shall be
made; however, any agent or employee of second party or any pcrson designated by second part}• may enter upon
said premises at any time for the purpose of inspecting same or for any other purpose desired by second party.
11. All amaints that may hereafte~r be a~varded for condemnaNon of, and ~vaste and tortious injury to, any
of the property hereby encumbered are hereby assigncid and shall be payable unto seeond party for application,
after payment therefmm of attorney's fees and expenses inc~~rreci by first party and by second part, in connection
therewith, on such part of the indebtedness secured hereby as sccond party may determine, ~vith no duty on
second party to collect same.
1~. This instrument is subject to the Federal Farm Loan Act and all acts amendatory thereof and sup-
pleme~ntary thereto, and regulations issued thereunder. All rights, powers, privileges, options and remedies and
rights allow~ed by law, may be pursueci rnncurrently, and sl~ail extend to and may be exercised and enjoyed by
the successors and assigns of second party, and hy any agent, officer, attorney or representative of second party,
its succc~ssors or assigns. All obligations of, and assignments by, first party herein and hereunder shall extend to
and be binding upon the heirs, executors, administrators, successors, and assigns of first party.
I1~' WITIIESS ~VIIEREOF, first party has hereunto set his l~and and seal (and if first party is or includes a
c~c~r~~?ration it has ~~usec) these presents to be c~xecuted and its rnrporate sea) to be hereto affixecl by its proper
uFficrrs tl~ereunt~ i.rst cl~~ly autharir.e,~cl), this day and year first above ~~~ritten.
J. HARRELL K1~lIGHT GRO~VES, INC .
Signed, Sealecl, and Delivered .
in the presence of: BY~
President
ATTFST : ~ .1ri ~iw~nv~~R.~
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