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AND the I~~fortgagor docs hercby cove~ant and agcre: '
! To p~Y ~11 ~nJ dnRulrr lh~ prinelp~l •ad lot~rest ~nd otAer wms ot ma~e7 pa)~ble br •IHu~ ~~f s~ld promiswt~ note aud thl~ ~ooriSa~e.
ot ~ItA~r. Ph~ulpllY oo the .t~ys reipeelit~ly. lAe s~aie aerer~ll7 ~ du~.
71n ~wy ~II •nd aln~vl~r lh~ l~at~s. vr-ssn~~~ts, lerlea, II~b1UUes, obllpllons ~nd Ineumbranets o( e~~ery naluM on aald dheribM p~oPrrt7.
on thla aw~tKrR~ ~ ool~, ur In ~~yr w~ rcwlllnR hom Ihr ltriebtedneaa setured b~ thla n?uript~. eaeh anJ e«ry w•h.~n due •ud Wy~ble ~aonllo~
t~. iaw•. Dcfur~ Ih~y l+ervw~x dellnqunU. ~od if tAr saiue shwll nol be pwtnptlr pald the Bant au7 ~1 aar Uuu eitder brtw~ or ~tt~~ delloqueacr pay
Ihe ~awt witAout wtilsla{ or aQeetlas tAe optlon to toreekas. or •n~ Niht 6~nu~l~r. •~r1 er~r7 pna~ent w au~~l~ ~hall iMeume p~~t af t6e
I~rlebtralneas serurr.l bx tAla nwttpRe. ~~1 ~hall br~~ inte~est tn,m the dwt~ ot {~rmenl lhereof ~t lhe r~te P~~Ided In tde prwnlsaorY o01~
srci.red ArtrbT• •m1 er~ry psyn~~ut ~o au~de. ~~d IaMn'at therea~. iAall l~ retwW br tbe nwrtRw~or to the Ran1t In sueh m~nn~~ ~s tIM B~nk
sArll rpulre. IL~ awuts~lto~ turllKr ~at~+s to d~lir~t to a~ld B~nl. oo K Defure Y~rch ISth of e~cA ~re~r t~: reeeipta evlJenelu[ tAr p~7menl ot
all I~wfullr Impmeat t~s~s tor the P~~InR nle~rtar Y~~~ •m1 W dellrK to ~ald Haak retelpts erldenejnR tde qYmca! af ~11 Ileaa for ~wbllt
Improremeab ~rlfAln n1aMr IMI da7a ~fler tbe aan~e slull Oe~o~n~ due ud pU-~ble.
3. To terp ih~ tw11.11nR •~x1 ~11 ~qulpa~ent •od perawu1 proptrtr A~~~r o~ he~M(tc~ on said premlus, curen~J bY lhla mortN~~
eK:~lnal lass .x JanuRe br Arr rnJ aueh .+lbtr Auura Ib e perlls ~a tAe Bank shall fn~u Ilax lo lime te4ulr~. in ~uch •u~ouub u tbe
r~yulr~. tqr a tro~ipa~J ~ tom nly am1 Ihniullh ~n aR~nep satlataeMry to Ih~ ll~nk. ~nd sald {xdlep or polkl~a slull !r h~ld bJ
ahrll !~r • ata~xtanf \ew 1'or~ nwrtxatee elwuse~ r?lthout conl~ibutlw. mstlnR the lou uader saW pollel~a {u~7able to th~ Mak u nu,rtpate a~
11. Inlerest may r{?{xwr: •~wt in th~ ~venl a~Y sunu .~f nrx~~y Deeonu M3'•DI~ undrr sueA polle) or poUtlea, the P+nk ah~ll L~re thr opUon U
rrcelre ~ad ~PPI~ tae saa~e on aecv~int of the I~wl~btednr:s he~ebr srcnrevf, or to ~rndl Ih~ mw1Ralnn lo re~rlrr ¦~wl uar ik-er ~nr p~ r1 Ihe~eof~
f.~r idAer purpusri, wtlboul thereDp w~d~InR or lmprlrlnK ~~~s ~'Vuilp. IMn or N1(hl ~uwlK aad 6r slrtue af this nwrlK~K~' aM1 In tbe PrtAl tb!
mortKrR•u ~Wes twt tat~piT w~llh tAls eo~e~wnt. tA~ nrortl(aRrr nws Pl~ce~ arNl M7 for weh Insur~nce. or ~nrpw rt ih~not. wlthout w~IrlnK or aQee11 -
the ~pliu~ to torerloev. or ~~s rlgAl herewxl~r. ~~w1 ~rery p~>~nn~t w nu~t~ shall beeom~ part of tde ItKl~btaluess ucured br ~h4 m~rt1,1~R~.
.hall lK~r tnt~rest trom fh~ d~f~ c.f p~Ymrnl Ih~~ot ih~ rwfe pmvWed In the Pe+an~swnr twle seeu~ed berebf: ~nd eve7 para~enl w made,
¦n.l Int~resl tAereoa. sball ~e repald by 1he mort~e~tot to tDe Aaut lo sueA ~nanner as the Hrnk a4a11 ~eQuln.
1. In onler to nwxr fullF ptutett Ih~ xeurltx of tTds ~IbN~R! wp1 p:nride for 1~~ paYnxnt o[ taxrs. ~ase~+n~~nta atd Insun~~ prrenlums
up~x? th~ properts ~neun?beml herebr Ihe Aant m~> requlrr, wnJ tn lhal ~r~nt Ihr nru~tllnRor w~trars to My to _Ihe Nank e~ch monlh d the tlme
th~ p~Iments pracided Dy raM prooi~ssn~'7~ note •n d~ee ~mi In ~ddltlun to aald paymenl~, w sum eywl to cwu-twNtl~ of an •nwunl ~atinuted •
th~ li~ut to Dr wlflelent fo~ th~ 8ank to p~7 saMt t~~rs. a~ae~sm~nla ~aat Iawrrnee pr~mlums ~rhen the s~me •rc p~rible. If ihe a~munts pald ~
iu~der thls panRrnph alull not t~e wRlelr.it to ~naDle the B~nt to pa~ wIJ lax~s. ~aseasmenia and lasurance premiuma, ihe mortl~ator sAall p~7 ~
th~ dlRennce to tre Bank on dema~wL
S. If th~ mortpsor sl~all ha« waslRne.l or esuse lo be wlsrn+l to thr R~nt ~o~r or hereatter wn po2kT ot lff~ inwnnee ~a additlaul seeuHly
t.x tA~ IM~btednea~ seeured Dr Ihh morliuR~, ihe woHga~or aRrees w lon[ ~s +?n~ of ~ald Inde~tednesa rrmalns unpsW promptly to par tll
pr~mlutas on s~id lnsunnee w~hca Ihe aamt bee~ome due •mt W~r~ble, and if ihe aame shall not De W~d Prou~V~b tde Rank may WT thr satue
wilhaK~1 w~i~InK a•R~+'~~~I! lTe ~+ptlop to foreelox or ~nT rlf~l~t Aenunder, and e~ery p~ ment sa ma~le shall bear~nk Mrt ot 16e ladebtedaess
.eeurerl bs lhls mortR~Re, ~nd shall bewr Interesl tran lhe date of pa7~xn1 therehf at th~ rate prosided In the pnxnl~sory oote serured hereb7r:
an~l ere~ pa)meat w~wde. ~ad Interest thereon. aAdl be repald b= the mwtsaRor to t6e B~at ln sueb manaer as ihe Bank ahail requlre•
f.. To permlt, eanmil or suRer no ~raste, Im ~Irmmt or dHeriontlo~ ot s*id prope~RY, or ~n~ part thereof. •nd upon lhe hilun d lhe
mortRaRor to keep tAe ~u11d1~Ks oo swld propetis ~n Itaod eu~iitl.~ of repdr. l6e Bant m~y demantl tht tmmedi~le repalr ot aald twildlnp, ~ wu
tnertar In tA~ wnwuM ot uturlt}~, or the Imnxdl~te rrpw~mrnl of tAe ~tebt herrAy aeeuntil a~xt the tdlure of the marta~K~x to ~p~J N~th add
.S~nunZt-e~-{he Aank tor • peri«I of ldiHy Il~~ JnTS. sh~ll ea~stltute • Dr~at~h ot ihls moHSs~t, ~~x1. at the c~+tkw~ d the Ban1~. Immeallatdr tuature
th~ rnUre anwunt .~f p~In~IM~ ~M1 ~M~rrat herrDp un~red, ~nd lmmaailat~h arrf ~itMwt aoticr. thc Ba~k msY InsHtui~ pr~xeedin~s to foretlox
tAia nwrlRase ~nd applr for the appolntnunt ot a Retel~er, ~s hereinatler prorided.
To perform, complg ~cith ~nd ablJe bY e~e6 and ei'cr~r the stlpulattoas. ~~Re~elnr+?is. eondltioas ~nd cY+~eaants sald promissot~ note
and ~fAis morlKa~te deeai sel farth.
3_ a. s af 2lsr ssrzs a! ~tttrp Lrnln rc!rzrrd !o Dr ra! Fzr~ptls a!!d [s!!!7 Dn~ w.~a11~ iwom~ .1u~ aod ~asyble. oe It eaeh
ami ~ce~ t1~e stlpuLHoas, aRreemcnts. eonditt~ns, •nd cor~n~nb of said promlawry trote and Ihls mortaaRe, ar eithrr. ar! not duly~ ~(orme+l
~,.mplle~l ~ItA and aWdn1 b7r. the a6ltrePte sutn meMloaed 1n satd pranLtsorJ note. lrss ~ny nDalea n~quired h> t~w, shall beeonx du~ an~
j~v~~afilt fortAwith ar therrafter ~t Ih~ opUoa of the Hank. ~t~hw~l notlcr, as fuilY and tomplelelT u If s~ld ~K~repte wU~ ot md~ep w-as otisinalls
~tipuiated to be paid on sueh daT, aarth[n~ ~ oote or hento to tde ounlnryr ~wtwlthstatt~11n6.
9. It b turih~~ co~en~nted SKe'd ~ b!r sald ~~t In tAe~e~_
ot • sult brinK inslltuted to fonrlwe fhLs morUDaRe, the Bant sLall
b~ ~ntille+f to applT at •m tim~ pemiinx sueh foreelmure suit to the eourt hao nK luvivlictian thenrot for the appoinlment cf e rrceiaer nf atl and
.In~tuLr th~ morlRaR~d Propertr~ ~od ot all the nat~ ~n~omes. P~s, faaura and recepues tdereof, from ~shat~oece~ wurte derived• Rnd tAeteupon
It ia Aercbc e~preaalF rocenanted ~nd agreevl lhaf ihe courl shall forthw9th appolnf a rrteicer of sald mortRaMtd ptoperty, all atM aln~tular, aiwl
:~f ~uch rrnts, innYnrs. pn.~ts. iuuea ~nd re~enue tAertot in~m whatw~c~r souree d~rireal. witA ihe uausl powers and duNes ot tere[~en !u lite
cuxs; and aucA appolntm~nt shall be arde bj such a~urt a-a a mnlter of atriet rlRht to thE m~riwttee, Its suetessors, lrifsi repreaentatirr~ or
:~~siFna, anA w•lthout teferrnee to t6e wdequatr or Inadequae~ at ihe ralu~ of the proprrfr d~rrLr mort~ulted, ir to tfie sol~eocy or insolc~oeT ot
th~ m.xtwaR~r, aoA ihat sueh rent. pr+o8ts, inenme, issues and recenues shtll be ¦pplied br suc6 rteelrer to t~t paTmmt ot ttx mott6~IS~ lodebtal-
I1ryS, ~ps(s acxi ehar6es, aeconllnR to iM ordrr of sneh eourt.
10. lt • con~rYanee should he uude bc the morlRaRor or ~d~ premtars h~rein dexribwi, or an7 p~rt thereof, w ithout the vvrittm conunt of
th~ Rank, ~nd ~citLoul a~sumptfon In rcga~lar torm ot la~r by the 6rantce ot the obll~tlon to tde Rank ercatrd bS ss~d missaF not~ am1
tMs moriRaae, then, a~ in ihat e~enl, ~nd at th~ optia~ ot the Rank, wnd ~rilhout notlee. ~Il wms of monep xeured Lerd~p a!1 lmmedl~teh ~nd ~
c~wicurrenU~ ~clth sue6 ew~~eYanee Decome due and p~y~able and in defaulL
11. 'IEst 1[~ the ecmt the premises here~y mortita~ed, w' ~nr part ih~reot, s1u11 be ea~demnrd ~od tak~t~ tor publie uu or tor use bp a publie
utilitT under the pancer ot eminent domaln, tbr Hanl ahall hace the risLt to demand that all daauRes aRarded f~ the t~tina of or damaRes to
~aid prcmtxa ihall be pald !o Ihe Bank up to the a~nwnt thm unpaid an this mortllaae and at the option d t6~ Haat may De applied upon the
p.~cmmi or pss~nfs last parable t~ereoo.
12_ It is speciAeall~ ~sreed that tiau b ot the esunce of tAts eootraet tod t6al oo ~cai~er o( anT obllgaUon hercundcr or ot tlu ob11B~Uoo
s~eured Mreby aLall at any time De heW to be e waicer of the terms bereof or o[ the Lntrummt seeured hcreb~.
13_ It foreciaanrE pwce~dioas of anp srennd tnorl6~6t or any junloc Iten of anj kind aAoqld De insNtuted, a!t proeeedln(Ss ui~der the BatitruDt~7
I.i~.s o! 1he l'nitcd States, in~ludinR r~orRanlzaUon proteedln~b under (Tapter Yf ot the Federal Bankrupte~ Aet, or Retei~en6lp proceed~nRa ot
i an~~ tiod in sr.p State or Federal Court sbatld be insUfutM b7 or ~Rwinst the moridasor or any ot its srantces, then hddin6 t1Ue to the mort~ta6e+1
j,ro~urty, 1De Banti mai. at 1~ optlon, without notlce, Immedfateiy or thereatter deelare tdls mort~Se and the ln~btrdness aeeured Lerebp due and
pa>able forth~ritd, and maj at its opUon pcoeesd lo fo~eelau thts mortgaEe.
~ t L To tAe e=tent of ih~ indebtedoess ot the aart~tatu+r to ihe Aaak deserlbed Lerrin or aecured hereby the B~nt Is herebT submbtted to t6e Iim '
~~r H~ns and to the rillhb ot tbe o~-nen and holders ~h~reof of eaeh and ererJ mortRase lien ot dher ineumbrao~e m t6e land dexrlbed hereln
~ ahlrh is p~ld ~ satlsAed In ~bole or in part out ot t6e p~oeeeds of ihe ima dexribiv! herrin or seeured ~erebT, and tAe respeetive liens of saW
m~utRaRes, ltt~s or olher Ineumbraoces. sAaU be and the same snd each of them hrrtDp i~ presers'ed and shall pass to and be hrld b~r. th~ Bant
~ her~in ss se~eurits for the IodeDtedness to the B~nk herein deseribed or hercbp ueured, to t6e same e:tent that it would hase been preaerced ~nd woutd
ha~e Deen pa~se~d *.o ~nd Deeo beld b thr Bank had It been duly and rexulaNy assi~cneJ, lransferreYl, set or~r ~nd deli~ered unto ihe Bank bp
e~pc~rat~ deed of assl~mment, no!~cit~tandln~, tbe faet ihat tde sam~ mas be satlssed and caneelled of reeord, It t~e1nR the lntenllon of the pariirs
~ h~r~to tAat all prbr tneumDranees will be s~tisfled and eanctlled of reeord by ihe holden thend at or aDout t6e t[me of the r~cordln6 of t61~
mort~a6c; but tLat the B~nk will msertbeleas De subeo~atcd to We llem thereot u Lerdn ~bore provtded.
15. To paj all aad sin~ul~r lLe eosls. char~fes and e:ptnses. faeludlns IawJer's fees. reasooablp laeurred or Pald at anT tlme b~ tLe BanY. ~
hrrauu of tAe failure of the mort6a~or to prrform, eomplJ ~t6 and ablde bj each and ev~erT t6e sUpulatlms, s~Reements, eondttiom and cocetr
ar.ts ut fiaid promlawr~ oote aod thfs mortpae or eft~r, and eset7r sueh papment ~6a11 be~r Intereat from date ~t tLe r~tt born DT the prinelpal ;
ind~Dtedness steured herrbT-
~ t6_ It ls a~eed that thls morL(ase sLall ~eeurc aa~ futurc adraoces ma.ie b~ the B~nk to the mortsabbr at an~ Hme within tm (lQl sean from
th~ date Lereot to the ssme etlent u!f suth futnrr ~drances o-ere made on the date of the e:ecuNoo of ihli mortlsaRe- provlded. Iww~e~er, fAat
th~ toLl unprtd Dalan~e ot th~ indebtedne,s seeured by this mortsalle at anj ~x~e tiax sha11 nol eiteed a maximum princlpal amottn4 equal to 130 :
TKr tmt of the prinelpal •maiot orisinallT se'cnred 6ereb7. Plus laterest on suth rtutlmum prl~lp~l amount and ~nY diaMtraements m~de for ~
tAr pa~ment d tues, lecies or iusurauee on the propee't~ co~end Ax-tbis mort6l~ae. wif6 latcreat m sueh dlaburaea~ents.
-_1= ~~'bee anj •nwunt ot nwnes to be p~ld b~ the llortKa~rrr to the Jlort~ee under the t~rms 6ereo( ahalt De tn det~ult, or sbou{d the ?Iort- ~
QaRor defaalt in ans of tAr olher terms. D*~~sions or taoditlons of thls ~ort~st. then and In that aae. the ~(orq,t~Ree sdalt ha~e the r16ht.
w ithout nollee to t6e xortga~Wr to cdlect and retel~e from anr tenant or le~see of said mort6aRed Dremlxs the rents, issues and praAts of the
rrnl csfate hrrcbr mortltaaed and the Impro~emrnb tAere~of, and to Rf~e proper reeeipts and ~equftt~nets therefor, •nd after pa)inR ~11 rommir
+i~,ns ot an~ nnlal ~6rnt eolleedns the same, and anT rtason~ble atforne~r's fees and other neussary eapenaes lncurred In eoQertin same, to ~pp ts
t:u pr~ceed~ d sOe6 c+dlectkrns upon an~ IndebteJness, obU~atlon or )Iab111t7, of Ihe AlorlseKor hereuoder. 7be r1~Q~[ Rranted the ~ortRator undet
ihi~ par~sraph ~hall be In additioa to, sn:f sAall oot limlt or reslrict, an~ olh~r risdl or rlRLls ~r~nted the alortsaltee In ihls ]lortaata
. - `
I~ ~"I71FS5 V1'HFAFAP, tl! ~ld Ilortpsor bereunto sets dis lund •:~d sed tDts ihe dar wi1 7ear tlrst abo~e ~rritteo. ~ "
: ~ - ~%f~; -
- ~ -7 ' FL ID CITRUS ORPORATION~
st~e~;..,al~d'~ +e~%~s,e~b'1~o
~a~ pn~nc~ or : - - - - - - - - - - - - -
~ ~vY~ . ~ :
: - ' ; ~
A T ~E S~~ ~y~ - - - - - ~ ------~s~c~
----y;-~-----s~-~i.
v; nald K. Moe, President
L 'i 1 ~i~: r:S~cxetary L -
~ j ~ ~J
. . . ~ - Bo~R 193 2U ~7