Loading...
HomeMy WebLinkAbout1771 4i ~ I ; ;i ' ~ - - - - - - - - - - - _ - - ~r--- - - - - - - - ~ . i ~ ~ ~ I ; ~ • . i , I~ I ,i ~ ' TO IIA~'E AND TO HOLD, the said property~ together with all and singular the rights, members, heredi- ~ tamcnts, and appurt~?nanccs thercunto belonging or in any wise appcrtaining, unto second party, its sutt~essors ! and assigns, in tee simple forever; a~~d first party hereby binds himself ( itself his ( its ) heirs, executors, admin- istrators,.successors and assigns, to warrant and forever defend said property unto second party, its successors and ass~gns, from and against first party, the heirs, executors, administrators, succ~sors and assigns of first party and all other persons whomscever lawfully claiming or to claim ihe same or any part thereof. PROVIDED AL~VAYS, NEYERTHELFSS, and it is the true intent and meaning of the parties to ihese ; presents, ihat if first garty shall pay, or cause to be paid, unto second party, its successors or assigns, said debt or - sum of money, with interest thereon as aforesaid, and shall perform all terms, rnnciitions, and covenants accord- ~ ing to the true intent of said note and this mortgage and any other instrument securing said note, and oomply ~ with all the provisions of the Federal Farm Loan Act and alLamendments diereto, and with the regulations ; issueci and tl~at may be issueci by the Farm Credit Administration, all of whieh aze hereby made a~ part hereof, ; then d~is mortgage shall cease, determine, and be utterly null and void; otherwise it shall remain in full force and f effect. ~ _ ~ FOR THE CONSIDERATION AFORESAID, first party coven:?nts as follows: 1. First party is lawfully sei•r.ecl of said property in fee simple and has a perfect right to convey same; there are no encumbrances or liens ~vhatsoever on said property exc~pt this mortgage. First party will ins~re and keep insured as may be required by second party from time to time all. groves and orchards now on said property or that may hereafter be thereon against Ioss or damage by fire, wind- ~ storm, hail, frost, fre~eze, and/or other casualty, and all buildings now on said property, and all buildings which ~ may hereafter be erected thereon, against loss or damage by fire, hail, windstorm, and/or other casualty, in ~ sucli form, such amounts, and in such company or corripanies, as shall be satisfactory to seoond party, the loss, if an~~, to be pa}•able to second party as its interest may appeaz at the time of the loss. First party will deliver to seconcl party the policy or pMicies of insurance with mortgagee clause attached thereto saHsfaetory to seeond ' party, and ~vill promptly pay when due all premiums for such insurance. If any grove or orchazd shall ba de- } stroyed or damagecl by f'ue, ~vir:ds*.erm, h~il, frast, freeze, andi ur otiier casuaity, tiie amount reoeived in settIe- ~ ~ ment of the loss or damage may be applied at the option of second party on such part of the indebtedness . secured by this instn~ment as second party may in its sole discretion determine. If any building on said property so insured shall be destroyed or damaged, the amount reoei~ ed in settlement of the loss or damage may be ap- ~ piied_at the option of first party to the reconstruction or repair of the buildings so destroyed or damageci, sub- ~ ject to the regulations issued or that may be issued under the Federal Fazm Loan Act or acts amendatory ' ~ thereof or supplemental thereto; and any portion of the proceecls 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 ~vill pay, ~vhen due and pa}•able, all tares, assessments and other charges that may be levied ~ or assessecl against said property, and all judgments and all other amounts that may be or become a lien thereon. NF 4. First pazty will keep in good order and condition, preserve, and repair, rebuild and restore all terraces, ~ buildings, groves, orchards, fences, fictures, shrubbery and other improvements, of every kind and na!ure, now ' on said land and hereafter erected or place~d thereon that may be destroyeci or damaged by fire, windstorm or ~ ~ othen.•ise, and will not permit the change, injury or removal thereof, will not rnmmit or permit waste on said ' - 1and, and ~s~ll not, except with the ~vritten consent of second party, cut, use or remove, or permit the cutting, use or removal of, any timber or trees on said land for sawmill, turpentine or other uses or purposes, except for fire- ~ ;r; ~~•ood and other ordinary farm purposes. First party will also preserve and keep in good order and condition all ~ ; trces and timber no~v and hercafter growing upon the said property, and will at all times protect the trees and ~ timber against loss or damage by fire, all to the saHsfaction of the second party. s ~r ~ 5. First party .vill at all times properly fertilize, cultivate, care for, and maintain in a produdive condition all the grove and orchard trces naw on said property or hereafter planted thereon, and will protect the groves and , ~ R ~K n~ " . " ~ . . >c ~5ra ..s.. _ . . . . . _ ' . :L' ~ , _ r~~