HomeMy WebLinkAbout1858 r.:~i:~.'. b~ L'r.i:cd S::.~cs ~~,~u s.~ . ~ . _ _ _
1~is morcg~ge is m~de, bo~rva~, wbjac co ehe follo~i;ag t+o.~ ~~aditions .arid agraaoenb: ~
FIRST: 1~t tbe mortga,gor herebY a8reea at?d c~o~als to pa~ ~ interat and principat Aereby secuced promptl~
whon due ~nd if default be made in anyput thereof, ot in t6e payment of any otha monia bereb~ secvred, thrn the
same shill, withart demand if mortgagee sball elect~ bernme due and payable at oace and the mortgage any be fonclosed
in tbe ttunna provided b~ Lw. ;
SECOND: 1~at tbe moitgagor agrea to p~r u the same bemme due and payable aU taxes, asxssments, aad otha ~
charges imposcd by law (4acluding ditch, canal, raecvoir, or othu watec charges, taxa, or assasments) upan said !
premisa or an~ put thereo~f including the moitgagoe
s inteiest thercin aad upon this ~nortgage or the note or mclebttdness
sccvred h~r~y, provided that shauld the aanou~nts paid for tl~ ~gre unda ihis ~aragnph for sncb ducet, assessaneats
aad other charga togetha with tbe interat oa the indebtednas exaed the high~t unterat nte pecaiitted by law on the
indebtedaas then owing, mo~gor shall not be liable to pay any of soch acass ova the lu~ laaful nte. In the eveat
of the ~assage, after t~ date heccof, of any liw by the State of Floads. deducting from the witue of laad Eor the purp~ose
of taxat~on any Len thereon-or changing in any way ihe ezisting laws for thc tuitioa of mortgsga or debRx saured b9 mon-
gage for state or Inc~lpurposa, or the mamer of the mllation of any such taaa, so as to a~ect this mottgage, the hold~r of
this mortgage and of the debt which it secares, shall have the right to gnr~ siz (6) moaths' written notice to the owner of said
land requiring the yment of the entire indebtedatss secured hetcb~, snd it is hereby agreed that if s~c6 noticr be givea tt~e
etc
said indebtedness beo~me duq and coHectible at the expiratioa of s:id sez (6) maaths.
THtRD: That the mortg~gor a ees to pay all other d~bts thai sn no~v or ma~ beeome lieas u~on or chuges igaiast _
s
said premiscs„ and nat to panut wy 'en of any kind to aatue and remaia on said premisr.t, or the impravanrnts thereon. ,
~rhidi mi~ht ake pcecedence ov~r the lim of this moctga~qG 'I'he gagor fucther agroa not to aate aay tien oa said ;
- premisa ~uaior bereto ualas the penon entitted to tt,e bmefitx thaeo~f shal! 6ave agraod dat tLe time for the ~aymrnt of j
the indebtedaas heteby secured aad the a~ner aad amo~u~t of pa~ment thecoof aud the bene~ts of the se~vnry afforded
1 O
cee~ de~d~,~ aaele~rated,
~ o~suc6 anci arithoa~t aay obligahon to give notia of aa~ kind theceto. be rxtended.
~tl tl~qAdld Op iD~ tttplS Wb~bOCOtr Rnthart in aay manner afl`ectiag tbt priorit~
of the lien heceby aeated u seauity for the paymmt of the indobtedaas secured hueby or aay obligation subatituted ;
therefor or issued to tefuad same.
FOURTH: 7bat the mortgagor agrea to Iceep said premises and im~rovements thereon in good condition and repair .
and aot to commit or s~ffer wute thereof; to operate all 7ands, whether ,mpmved pastures, ordiards, grazing, timber, or
uop liads, in a good and husband~mnl~ce manner in acrnrdance with aaepted principles of soand agricuhunl and foratry
pruhca; to take all rruonable prersutions to contiol miad snd ~vater crosion; to fatiliu improved pastuces, if any, where '
naessary to maintain a good stand of desirable ~ruses; to protect ord~uds aad tinobec, if any, by reuonable precaudons ~
agaia~ laas or damage by fire including the mamteaana of appropriate fire breaks; and neither to remove aor pernut the
removal of any timber, bu~ldings, oil, gu, minera[, stone, rock, clay, fe~ilizer, gravd or top soil wit~ut the prior written ~
oonsent of the modgagce. The mortgagee shaA have the right to inspect the mortBa&ed Ar°P~ct~' at such rasonable times
aad intervals as ibe mortgagee may daire, to determine the uwdgagoi s oompliwce with the covenaats contained ia any
claose of this mortgage.
FIFPH: 'That the mortgagor agrees to procure, maintain and deliver, premiums paid, to the mortgagee pol~cies of
insurmcc agaiast such haurds on tfie baildings now or hereafter located on sud premises u the modgagee map fmm timc ~
tu time reqeure, in such compania aad ia sud~ amo~nt and form and with such loss papabte dauses u shall be satisfu t
tory to dx raoKgsgee, The mortgagee is authorized to assign and deliver said polida to any purchaser of this modgage or ;
to the pnrch~ser o~ said pcemisa at aay foncloaue+e sale. In event of loss the mortgagee is ezpressly authocized usd an-
powaed to settle or c~pcomise daians nnder said poliaes, and the proceeds fcom said policies u well u any other policies
procuced b~ thc mortgagor sh~ell be paid t~n the mortgagee wl~o at its sole discretion may aPPI~ same or any put theceof on
aaount of the indebtednas secuced heceb~r whether oc aot tben due and payable, or may apply the saa~e or any pact d~ereof
towuds the dteration, cecoastn~tion or rep~air of said buildiags, eitha to tbe porti~ damaged or any other poctcon thenol,
or nhue same bo the mortgagor. S~ch applicatioa_ or r ease shall not cuc~e oc waive any defavlt ot noticc of default hera
under or invalid:te any ad dane pursuaat to such notice~ ~
SIXTH: ~at in tbe event the mortgagor shall to procure, aoaintain and deli~er the uuurance ~olicia, premiums ±
prepaid, or to pay, u the sune become due aadpapable, amr taz or assasmmt itnposed by law upoa sud premises ~r aay
part thereof, or the note, or indebtedness secvred f~eceby, or to pay aay lieq claim or d~uge against such premisa which
mug~t take precedence over the lirn of this mortgage or to comply with ~e provisioas of paragraph Fourth hereof, the
mortgagae rruy, svithout aotice or dearmd, insvn'ny of the buildings and pa~ tbe oost of wch insurmoe and pa~ any of
ssid taza, assessments, liens. chiau and chuga, o: any p~act thaeof, or redam from the sale of said ~remisa for an~
tauca or assas~nents (inegularitia in the lev~ or imposition of ury tu or usasment being e:prasiy wa,vcd), or redean
fcom the sale oE said prem~ses cauttiag from the enforamrnt of any such lien, claim or charge, or espend sud~ sums ss
may bt necessaq to conett the failun of the mortgsgor to eomply with the provisiocu of said puagraph Foucth, aurd t6e
mortgagor hereby agrea immediatdy to repay to the aoortgagee. without not~ce or demand, any sn~ ~pa id with interat ;
then~on at the same rate u speci6ed in the note secured hereby on the pr;ncipal tlxrcof aftec default aad nsturity, snd all
swnspa~d by the mortga~gee with interat shat! become a put of the inclebt~dness secured hereby, and in defauh of
immediate repa t thereof b~ the mortgagor t}u whole indebtedaas secvred hereby shall st the option of the modgagee
baame due ~able forthatih without notice.
s~X ~76 ~~1855
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