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HomeMy WebLinkAbout0173 i , 'PO HAVE AND TO HOLD, the said property, together with all and singular tbe rigbts, members, hered3- taments, and appurtenances thereunto belonging or In any wise appertaining, unM se9ond party, its su~ra and assigns, in tee simple forever; and first party hereby bmds himself (itself), his (its) heirs, executors, admi~ istrators, succ~essors aad assigns, M warrant and forever defend said prope.rty unto second pazty, its sucoessora and assigns, from and a ainst hrstp , the heirs, executors, administrators, ~ucoessors and assig~ns of first party g rty ~gi and all other peisons whomsocver l~a wfully claiming or to claim the same ar any part thereof. PROVIDED ALWAYS, NEYERTHELESS, and it is the true intent and meaning of the parties to these presents, that if first party shall pay, or cause to be paid, unto seoond party, its suooessors or assigas, said debt a~ sum of money, with interest thezeon as aforesaid, and shall perform a~l terms, oonditions, and aovenants aocorr~ ing to the true intent of said note and this mortgage and any other instrument sec~uing said not~ and ooanply I II with all the pravisions of the Federal Farm Loan Act and aIl amendm~ts theretio, and with the regulations a issued and that may be issued by the Farm Credit Administration, all of which aze hereby made apart hereof, ~ thea this mortgage shall oease, deternziney and be utfierly null and void; otherwise it shall r~ain in fu71 foroe and effed. FOR THE CONSIDERATION AFORESAID, first pazty oo~enants as foll~ws: 1. First party is lawfully seized of said property in fee simple and has a perfect riglrt to oonvey same; there are no encumbrances or liens whatsoever an said property except this mortgage. 2. First party will insure and keep insured as may bereq wred by seo~nd party fmm time to" time all. graves and orchards now on said property or that may hereafter be thereon~;a~nc~ Ioss~or damage~y fir~ wind ~ storm, hail, frost, freeze, and/or other casual 'd perty, fir ty, and all liuilc~ngs now on sai pm and all buildings which may hereafter be erected thereon, against loss or damage by fire, hail, winclstorm, and/or ot~er cxisualty, in such form, such amoants, and in such oompany or oompanies, as shall be satisfactory to seoond paity, the loss, if any, to be payable to second party as its interest may appear at the time of the loss. First party will s~~eliver to second party the policy or policies of insuranoe with mortgagee dause attached thereto satisfactory to seoond party, and will prompdy pay when due a~ll premiums for such insurance. If any grove or orchard shall ~ be de- stroyed or damaged 6y fire, windstorm, hail, frost, freeze, and/or other casualty, the amount reveived in settle- ment of the loss or damage may be applied at the option of seoond party on suchpart of the indebtedness securedby this instrament as seoond party mey in its sole discretion determine. If any building on said pioperty so insured shall be destroyed or damaged, the amount reoeived in settlement of the loss or damage may be ap- plied at the aptiou of first party to the reoo~uction or repair of the buildin~s so destroyed or d~maged, sub- ~ ject to the regulations issued or that may be issued under the Federal Farm I.oan Ad or acts amendatory ~ i thereof or supplemental thereto; and any portion of the prooeeds not so used shall be applied on the debt hereby secured in such manner as second party, in its sole discretion, may determine. ~ 3. First party will pay, when due and pay able; all taxes, assessments and other c~arges that may be levied or assessed against said property, and all judgments and all aher amounts that may be or beoome a lien thereon. ~ 4. First party well keep in good order and condition, preser~+e, and repair, rebuild and restore all teriaces, ~ buildings, groves, orchazds, fenoes, flxtures, shrubbery and other improvements, of every land and nahue, now ~ on said land and hereafter erected or plaoed thereos that may be destroyed or damaged by fire, wiadstorm or ~ otherwise, and will not permit the d~ange, injury or removal thereof, will not camnnit or peraiit waste on said ~ land, and will not, exoept with the written consent of second party, cut, use or remove, or permit the cutting, use ~ or removal of, aay timber or trees on said Iand for sawmill, turpentine or other uses or purposes, eacoept for fire~ i~ wood and other ordinary farm purpo.ges. First party v~ill also preserve and keep in good order and oondiiion all 1 trees and timber now and hereafter growing upon the said property, and will at all times protect the trees and ~ timber against l~s or damage by firey all to the satisfaction of the seoond party. ~ 5. First pazty will at all t~imes properly fertilizs, cultivate, care for, aad maintain in a productive cbndition ~I all the grove and orchard trees naw on said property or hereaftez planted thereoa, and will protect the gro~ves and OOK ~ r ~ _ . . . - v~. „~wy-~ `~4 " _ - ~'~i t'T:~_ . `~,~"_~'~'.^~v.,~`:~.~ .