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Home My WebLink About2850 ~ .3 ~ FARMERS . ~ PRObUCTION CREDIT ASSOCIATION BLANK OR MASTER FORM OF MORTGAGE N0. 1 ~~4.~33 ' FLORIDA- ST t_ F County. i In conside?ation af sdvanqs mad~ ~nd ain~d to W mad~ bY F~RS Production Cndit Associ~tion, Lend~r. LD . BortOtNK. MrMtM? OM or It1oro). ~i~'~~atin~ ! r Dollan (t (e+rid~efud bI~ ~bfs) of w~n dat~ herowitA. heroby ~ exProsstY made a part heroof) and to securo ssid advsncss, sll ronewsls and axtensions tha?eo1. interest, costs. charQes a~d attomeys' tees. as providsd ; in ssid note(s) and Mrain, Borto~w~~ ~ants, barQains. sslis and conveys unto U~der, its successas and assiQns: I i EECTION A. 70 HAVE AND TO HOLO said properpr unto lender, its successors and sssigns, in fae simpla forever; Provided, tAat t} gotrower shall paY. when due, ail indeDted~ass sacured hereby. this ~nstrumtnt shall ba wid. SECTtON B. Borrowar hereDy covertants. undertakes and sgraes, as fdlows: ~ • 1. That ths applicstion for said advatxes ssid ~otes and this instrument sAatl aonstitute ths Contraet between the parties: that M~y sMl) be con- stnied togetl~sr. and that time shall be o! t~e sssence of ths Contract 2- Thst no Mraiwr b~p Lender af a brosch of any oondttion stipulation w covenant of ths Contract or miueprosenhtjon by Borrow~r shall b~ con- strwd ss ~ wsiver of any other act or omission st arhr alher t~me. , 3. To psnnit Under. tn its discretion. to have ths encumbe~+ed property or ~Mr part ot it InspscEed at any time. s~d that Borto~wer will paY tM post of such Inspection. 4. To raport tathwith to Lender amr serious inlury to. or loss bY dsath ar otherrrise of. aeI? of tAe eneumbsrod proper~?. - 5. To insurs and keep all propert~r hereby encucnbereA, as may pe roquired by tendk irom tims to time. a~a inst sucA losses Fn at lsast sueh smounis and in such oompanias. as ahall ti~ satistaetory to Lender, witfi loss or damag~paYa Dla Lp Lander as its tnte~est may appear at t~s time oi bss; to delivar the Oc~icY or potictes of insuranos to Lender, and bo promPaY WY when dus a11 pnemtums tor wch Inwnnes. any ofTthe ~cumbe ed prope~r~l. all sums or claims tAat ms~ bsoams P~YeDIe t~ Bonowsr on aeoount ot the destruction. condemnstion of. w damaBe 7. That Bonowsr is the otirnsr of all of the properly herein encumDered tres and ciear of all claims. liens, bxes and encumbrsncas, axeept such as ara specificalry describsd in said spptieation; snd wiil pay wAen dus sU lawful Naims~ liens, entumbrancas, judaments, taues, inspestion fees o? other ' cAarges against said prope?ty; and wi11 wsrrant and torever defa~d the titte against all Iavr(ul daims of any person whomwrver. ; & That Borro~ws? has mads oo misrepresentation in the application tor the advences secured hereby and such advances will be uscd only fo~ the t D~rposas set fortfi in ths application tNereto?, as aDW+~ad bY Land~r. 9. Toproper1y maintain the lncumDe~at! prppeRy undiminished and in guod CpMition; tlot to oommit norperm it waste !llercof; tO keep the personsl ; properb w-heis it is now located, unbss Lender oonsehts in writin~ to its remoral; and to maintain appropriate terraces upon ths encumberod prem'~ses to prevent soit e?osion. ' i 10. That in ease Lender transTen this instrument and/a amr of the notes secured ha?epy, Lender ts appointed sgent of Borrower as Lo all futuro in~e;otia~~ ~ nsactioes ooncerning them arfd att renewats of aey of them: and shall not be eonstdered ths agent M tAe holder of sm instrument ml paymen~ renewal or othtr dealings relative thereto. iL That Bonower has siQnad and detiverod to Lander promissory notes b evidence advarxes securad by this inst~ument in wAich the interest rsts betore msturib is left DIsnR When each adranoe is made. Lender, or the holder of any note sacurcd herabY. is auttarized as Attorney-in-Fact fo? Bor rowar to inserE in such note an interost rate equal ta the thert prerailing inierest nte of Lender. 12. ?hat Lender may do o? have donp any sCt or thing henein pmrided fw which is omitted or failed to be done py gorrower. peing suthorized to nn6e~ upon ths premises tar a~rypu rpose, in its discretion, and msy add the caat of doing sucb sct w thing to ths princips1 deEt secu~ed he?eby. All such costs snd amounts paid shall bs immediately due and psyable, bearing interest until paid at ths highest co~tract qte permitt~d py Florida law; and lender shaR be subroQated to the rights of a11 persons to whom payments sra made hereunder. 13. That Borto~rrer will pay ths Cost of relessing or satistying tAis inst~ment of tecord. 14. Thst Bortower will paY. wfren due, atl sums secured hertby: and in the event oollection tAereof is mads througf~ an attomey. by suit or otherwise, Borro~wer will paY sll costs and expenses thereof. inctuding a roasonabls attorney's fee of not less than TN~ per centum (10%) of the principal and tn- N terest secured hereby. . 15. That Borrower will not~ during the eYistenca of any psrt of the lien herein provided fw. sell. lease, mo?tgaQe or assign all or amr part of ths encum- ( bered property without fitst procuring a statement Fn writ,rtg fram Lenser approring sueh sale, lease, mortgsge or assi~ment ~ u 1L6end~ertmsy r~equ~sertor or omission in this instrument w ths no~es sacursd heroby propsr instrumenqs) to correct same wil! be DromPt1Y executed ~ 17. That wherever the context so admits or requires, the singular number whero taed throuQhout the Contract shall includs tha plurat and the plursl shalt includs the singular~ and the masculins shail include tl~e faninine or vice versa. 18. Thit sll a~eements, undertakinas and ooveRants of Bortpwer herein oontaioed shall extend W and be bind°n~ upon the hsirs, executors, adminis- tratas. wxessors anC assijpu W 8orroyve?: and all ri6~+ts. Po~rs. Privile~ss. aod r+rmWies oonfemsd uport snd Qiven to Lender shsll extend to and msY bs exercised DY the succassas md assigns of Lender. 19. That sll ~dvancas hemundar shsll be secu?ed hereby. whether mads beforo ar atbr tM assiQnment of this Fnstrurqeet and whether made by Lender or an assi~nee he~eo/. Atl rates secured hereby and assi~nsd to. and ail advanws made by. an assignee hereof. ahall havs priority pvsr othe~ notes secured haroby ~nd advsnces hereunder. 20. That aIl riefib, po~wsrs snd remadies co~terrod in this instrument srs cumulative of othe?s allowed Dy taw snd may bs pursued conc~rrenqy, 27. That in ths event af amr breach or default of ths terms, carenants. oonditions pr stiputations of this instnunent or of ths obligations securod hercby, or should ths security heroof Oe dimi~ishad. of arty o( which Lender shall hive rlotiCe, Lende?. ~t its optia~. shall have sll of the iWlowing riQfits: a To dsclins to make further advances. D To declsre alt of the indsbtedness hsreDy seeured immediately dus and payabls without notics to Borrower. c To have immadiate Possesston. use and enjoY+nent of the WePer1Y hereby sncumbaed and tn rocaive the ~ents. issues and Wofits tl~er~of from ihe acuwl of such righL Md to forselose tAe lisn Aaeoi. If such Posssss7en, use snd enjoyrnent shall not bs deliverod to Lender, then. in thst a~ven~ Bwrower con- sents and s~eas that a Receiver enay bs appointed (whather a not Bonowar is insolven~ to tske char~s of Ms properly heroby ehcumbereA during the pendency ot anY sucN foreclosuro proceedin;s. ~o roeeive tAs re~ts, issuss and prvtits theretrom and to apph the sar?~e tewsrd the retirement of tha ~ndebtedness hereby securod. SECTtOM C. Borrower further covenants, undertakes and agrees as tollows: L To pls~t, cultivate. tertilize, spray. harvest, paclc and process. with adinary csro and diligence, all of ths cropa hereby encumbarod. 2. That in the svent of any breaeh or de(ault v~l~ereby the right of toreclosuro sccrues, as atorosaid Lender may, as a cumulatiw or concuRent sell the farm macAinary and epuipmant, livtstock and/or uops in being at publie sab to ths highes{ bldder tor essh at the Court House in ths Coun ~ whero saidprope rty or arry rt oi it is loqted at ths time of sale, sfter grvt tvventy dsys' notlce therep/. snA the prp,peeds pf such sate sha11 bs dpusaupon ss~id ob1l~ ~ a W~ ram indsidotx~ptoce°tads,~it m. shilt b~i p~aid t~o Borr+o~wer.of ths amount of PrinciWl, interest and attomays~ fees IXECUTED. SEALED AND DELIVERED, thls a~ d ia 31~»d, ~ led~~~ ~Iiv~nd (L. S.1 S.) ~ ~L. Sa ~C. 8J ; M. M.--FIa-Riv. 2-1-70 Form PCA--457 ~ QOOK~~~ PAG~~VZ~ ~