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HomeMy WebLinkAbout2665 ~ ~ ~ - . i S f ~ ~ ~ ~ TO HAVE AND TO HOLD, the said property. together with all and singulaz the rights, members, heredi- taments, and appurtenances thereunto belonging or in any wise appertaining, unto second pazty, its su~ors and assigns, in tee simple forever; and first party hereby binds himselE ( itself his ( its ) heirs, executors, admin- istrators, successors and assigns, to warrant and forever defend said property unto second party, its sucoessors and assigns, from and against first ~ the heirs, executors, administrators, sucoe~ssors and assigns of first party and all other persons whomsoever a Uy claiming or to claim the same or any pact thereof. PROVIDED ALWAYS, NEYERTHELESS, and it is the true intent and meaning of the pazties to these presents, that if first party shall pay, or cause to be paid, unto seoond party, its successors or assignc, said debt ar ' sum of money, with interest thereon as aforesaid, and shall perform all termc, conditions, and cavenants accord ! ing to the true intent of said note and this mortgage and any other instrument securing said note, and o~mply ~ with all the provisions of the Federal Fazm Loan Act and all amendments thereto, and with d~e reg~lations i issued and that may be issued by the Fazm Credit Administration, all of which are hereby made apart hereof, ~ then this mortgage shall oease, determina, and be utterly null and void; otherwise it shall remain in fiill foroe and effed. ~ FOR THE CONSIDERATION AFORESAID, fiust party oovenants az follows: 1. First party is lawfully seized of said property in fee sunple and has a perfect right to convey same; there are no encumbrances or liens whatsoe~ver on said property except this mortgage. 2. First party will insure and keep insured as may be re~quired by secondparty from time to time all. groves and orchards now on said property or that may t?ereafter be thereon against Ioss ar daznage by fire, wind- storm, hail, frost, freeze, and/or other cazuaity, and all buildings now on sai7 property, and all buildings which may hereafter be erected thereon, against loss or damage by fire, hail, winciSMrm, and/or odier c~sualty, in such form, such amounts, and in sucb rnmpany or oQmpanies, as shall be satisfactory to seoond party, the loss, if any, to be payable to second party as its interest may appear at the time of the loss. First patty will deliver to second party the policy or policies of insuranoa with mortgagee clause attached thereto satisfaetory to second party, and will promptly pay when due aU premiums for such insurance. If any grove or orchard shall be do- stroyed or damaged by fire, windstortn, hail, frost, freeze, and/or other casualty, the amount received in settle- me~t of the loss or damage may be applied at the option of seoond party on suc6 part of the indebtedness secvred by this instrumeat as sernz?d party may in its sole discretion determine. If any building on said property so insured shall be destroyed or damaged, the amount reoeived in settlement of the loss or damage may be ap- plied at the option of first party to the reoonstrudion or repair of the buildings so destroyed or damaged, sub- ' ject to the regulations issued or that may be issued under ihe Federal Farm Loan Act or acts amendatory ~ thereof or supplemental thereto; and any portioa of the proceeds not so used shall be applied on the debt h~eby serured in n~ch manner as second party, in its sole discretion, may determine. ~ 3. Fint party will pay, wh~n due and pa~ able; all taxes, assessments and other charges that may be levied or assessed against said pmpextv; and all judgments and all other Amaunts that may be or become a lien ihereon. # 4. First party wi1) keep in good order ar?d condition, preseive, and repair, rebuild and restore all terraoes, buildings, groves, orchards, fences, fixtures, shrubbery and other improvements, of every kind and nature, now : on said land stnd hereafter erected or placed thereon that may be d~estroyed or damaged by fire, windstorm or ~ othenvise, and will not permit the change, injurv or removal thereof, will not commit or permit waste an said land. and will not, ea~cept with the written consent of second party, cut, use or remove. or pennit ihe cutting, use : ~ or removal of, any Nmber or trees on said land for sstwmill, turpentine or other uses or purposes, e~cc~e~pt fcx fire~- ~ wood and other ordinary farm purposes. First party will aLso preserve and kcep in good order and oo~xiition all trees and timber now and hereafter growing upcm the uid ptoperty, and will at all times protect the trees and _ timber against loas or damage by fire, all to the satisfaction of the seoond paity. ~ ~ Y 5. First party will at all times pro~prrly fertilize, cultivate, care for, snd maintain in a productive condition a1) the grove and orchard trees now on said property or bere4fter planted thereon. and wiU protect the graves and ~ ~ ~ ~eo~~~ ~i~~~ , ; - - -