HomeMy WebLinkAbout1804 This mortgage is aud~ howeva. subjcct to the following covenants. maditions ind ageaneats:
FIRST: T1ut the nwrtgagor hereby agcee~ and coveAants to pay the interat and prinapal hereby sccured promptly
when due aad if default be made in anyput thereof, or in the paqment of any other monies heceby secured, thrn the
sam~ shill, wit6out demand iE mortgagee shati elect, become due and pa~able at once and the mortgage may be foreclosed
in the manner provided by law.
SECOND: ~at the mortgagor agrea to pay u the same become due and payable all taxes, assessments, and oth~r
chuges imposed by law~induding ditch, canal, raervoir, or other water chuga, taxa, ot u~s.unents) upon said
premises or any pact ther including the mortgagee s interest therein and upon this mortgage or the note or indebtednas
sccured hereby, provided that should the amouats paid for the mortgagee under this ~aragraph for sud~ hsa, assasmcats
and other charga together with the interat on the indebtedncss Gcceed the highat mterest rate permitted by law oa the
indebtednas then owing, mortgagor shall not be liable to pay sny of such ezcess over the highat lawful rate. In the event
of the passage. after the datc hereof, of any law by the State of Flocida, dcducting fcom the value of land for ~e purpcue
of taxation any l~rn thereoa or changing in any way the existiag laws for the tuatioa of mortgages or debts secured by morc-
gage for state or toul purposes, or the manner of the collcction of aay such taxes, so as to a~ect this mortgage, the holder of
this moctgage and of the debt which it secura, shall have the right to g~ve six (6) mouths' writtrn notice to the owner of said
land requiring thepayment of the entire indebtedness secured herebp, aad it is hereby agreed that if such notice be given the
said indcbtedness shill become due, and collectible at the expirat~on of said siz (6) awaths.
THIRD: That th~ mortgagor agrea to gay all otha debts that are now or may become lirns uPon or chacga against
said premisa. and nat to per~ut any lirn of any kind to uaue and remaia on said premisa, or the unprovements thercon,
ahich mi~ht take pceeedence ovtr the liea of this murtg~ge. The mortgagor furthu agrees not to create any Iien on said
pcem~sa ~oaior 6ereco ualas the persoa encided co che beae6cs chenof shall ha.e agreed thac the ame foc chepaya~ent of
the indebtednas 6rnby sauced and the minner and amount of paymait thereof iad the benef~s of the sec~uhr affocded
heceby ma . without conseat of suchpe rson and witha~t any obiigatioa to give aotice of . any kiad thereto, be extended,
cractende~ aacelented, suspended and refuaded oa any ter~as whatsorver without in any manner affating the priorit~
of the lien hereby aeated u security for the paymrnt of the indebtedness securcd hereby or any obligation subsdtuted
therefor or issued to refund same. .
FOURTH: 'I~t the mortgagor agrea to keep said premisa and im~rovements thereon in good conditiai and repair
and aot to commit oc suffer wute thereof ; to operate all lands, whether ~mproved putures, orchards, grazing, tim~er, or
crop lands~ in a good and •hasbnndmanlike manner w ucordance with uapted principles of sound agricuhural and fore6try
ptutices; to take all rcasonable precautions to mntml wind and aater erosi~; to fertilize imptoved pastures, if any, where
; nccasary to maintaia a good stand of dairable grasses; to protect orchatds and timber, if any~ by reuonable precautions
against loss or dunage bp fire including the cru~ntenance of appropriate firc breaks; and neither to remove nor permit the
twwval of any timber. build"engs, oil, gas. mineral, stone, rock, day, fertili=er, gravel or top soil without the prior wriiten
; consent of the moctgagee. '1lu moctgagee shall have the right to inspect the mortgaged propectp at such reasonable times
~ and intervals as the mortgagee may daite, to determine the mortgagor s compliante with the covenants contained in any
~ clause of this mortgage.
~ FIFT'I-I: 'I'hat the modgagor agrees to procure, maiatain and deli.~er, premiums paid, to the mortgagee policies of
insurance against such haurcis on the buildings now or hereafter locatcd on sa~d premises u the mortgagce may from time
~ to tune require, in sach companies and in such amount and form and with such loss pafabte clauses u shall be satisfat-
~ tory to the mortgagee. The moctgagee is authorized to usign and detiver said policia to any purchuer of this mortgage or
~ to the puahaser of said pcemisa at any foreclosure sale. In evrnt of lo~s the mortgagee is rzpressly authorized and em•
~ powered to scttle or compromise claims under said policies, and the proceeds from sa~d policea u well u an' other policia
procured by the moctgagor shall bepa id to the moctgagee who at its sole discretion may apply same or zny part theceof on
~ account of the indebtednas secured hereb' whether or not then due and payable, or may apply the sune or any part thereof
towards the altention, recoastnxtioa or repair of said buildings, either to the poction damiged or any other pod~on thernoP. ~
~ or reteue same to the mortgagor. Such application or release shall not cure or waive aay default or notice of default hera ~
~ under or invatidate any ad done gunuant to such notice.
StXTH: 'l~at in the evrnt the moctgagot shall fail to procure, maintain and deliver the insurance policia, pr~miums
~ prepaid, oc to pay, u the same beco~e due and yable, any tu or ~sses.unent imposed by law upon sa~d premises or any
~ pa
~ part thereof, or the note. or indebtedness secured hereb}, or to pay any lien, claim or charge against such premises Rhich
~ might take prccedence over the lirn of this mortgage or to complp with the provisions of paragraph Foucth hereof. the :
asortgagee msy, without notice or demand, insuce any of the burldings and pay the eost of such insurance and pay any of 3
s said ta:es, usessments, liens, cfaims and chuges. or any part thereof, ot redeem Erom the sale of said ~remises foc an~ ~
tua or usessmrnts (irregularitia in the levy ot imposicion of any tir or assessment being expceul~ waived), or redeem
from the sale of uid premises resulting from the enforcement of any such lien, daim or charge. or expend such sums as
: oni be neceua to correct the failure of the mort r to com 1 aith the rocisions of said a rz h Fourth, and the
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~ mortgagor hereby agrees immediately to apay to the mortgagce, w~thoot notice or demsnd, anp sums so paid a•ith interat
~ thereon at the same rate u speci6ed in thr note secured hereby on the principal thereof after default and maturity, and alt
sums id by the mortgagec w~th interrst 'shall bocome a part of the indebtedncss secund htrebp, znd in defauh of
~ ' iate repaymrnt th~reof by the mortgigor the whole ;ndebtedaas secvred hcreby shall at the opt~on of the mortgagee
~ become due and payable forthwith without notice.
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