HomeMy WebLinkAbout2973 note secucrd hcreby on the principa! thercof after deEault and maturity, and an' such sums so paid w~ith intecest thcceon
slufl constitute a tirn upon said prcmises and be securtd b~ this mortgage and in default of immediatt repaymrnt thereof
by the mortgagot after drnund, the whok indebtcdncss secured hercby shall ii th~ option of the mortgagee becomt due
and payable forthw~ith w~ithout notice.
NIIVTH: 'Ilut u furthcr secvrity for the paymrnt of said indebtedncss ind the performince of all of the terms.
covcnants and conditions hereof, the mortgagor does hcreby mortgage, transfer, set over, iss~gn and pledge to the mortgagee
the lessoi s interest and estate in all leases, inciuding but not limited to gas, oil and mineril Icases, now or heceafter afiecting
t1x uid premises or an~ patt thereof, and all rents, issues, income, profits, royalties and bonus~s due and to become du~ there•
under, and in the ev~nt of a default under any of the terms, co~~cnants and condit~ons of this mortgage the mortgager is
~ hereby authorized and empowered to collat and raeive ali such rents, issucs, incoRx, prohts, royilti~s and bonuses due and
to bcrome due and to apply the ume against said indebtedness. So long, howe~~er, u there shall be no defzult hereunder the
mortgagor shall have tfie right to collect and recei~~e any and all such rrnts, issues, income, profits, royalties and bonuses u
they ~apac~~dy b~come du~ and payable, and to use the same without accounting to the mortgager therefoc.
'I'ENTH: That u further secvriry for the pa~~me~t of said indebtedncss and the performance of all of the terms,
co.rnants and conditions hereof the mortgagor does hereby mortgage, tnnsfer, set o~er, assign and pfedge unto the mortga~e
~ all citrus and other crops now growinR and hercafter groa~n an said premises, htreby gi~ ing and grantinq unto the moctRagee
~ a 6rst and prior lirn thereon, provided, however, that such lirn shall be and is hcreby expressly made sub~ect and subordinat~
~ to anv crop moctgage co.~ering any citrus crops which corx into existence bv bloom prior to foreclosure sale u pro~idcd
by~ this mortgage oc an}• annual crops pl~nted prior to said f~.reclosure sale, the provisions of paragraph Ele~enth hereof not-
~ w ~thstandin~. Any such crop mortgage shall not how•e~•er be a lien prior to this murtgage on an~• citnu crop coming into
- being b~~ bloom subsequent to s~id foreclosure sale, or on anJ• annual ccop ~lanted subsequent to said foreclosure sale.
ELEVENTH: Tl~at the mortgaqct ma} relcax for such considerahon, or ncinc, u it may require, any portion of the
iboee desctibed land without, u to the remainder of the secvritv, in any~vise impairing or affecting the liens and priorities
~ hertin provided for the mortgzgre ccxnpared to anr subordinate lienholder.
' T'WELFI'H: Tlu net prexeeds of ant judgment, awud or settlement in any condemnation or otfier ~rcxeedinR for
` any damaRe to the pcemises, buildings or other fixtures th~rrnn shall be paid to the rnc~rtRagce an3 shall at its aption, either
be zpplied as a credit on anq portion of the unEuid balance of the not~ secured hereby, whether thcn mitured or to miture
in the future, or be rclrtsed to mortgagor.
THIRTEEN'fH: Th~t if the mortRagor sha11 default in the performance of anS of the covenants or aqreem~nts h~rein
< contained, or if an ox*ner of said pcemises shill 61e a petition serkinR an arranqemrnt or composition or extension or in}
3 other rdief und~r or pursuant to the Fcderal Binkruptcy Act or an~ other similu statute u now or hereafter in effect, or
shall be zdjudicated bankrupt ar insol~•ent or an~ of his property shafl ha~•e heen sequestered and such decr~e shill ha~•e
" continued undischarg~d and unstayed for ninety d.~ys after the rntr} thereof, the entire indebtednas heteby smired, includ-
= ing all pa~~ments for tazes, uscssments, insurance prcmiums, li~ns, att~meys' fKS and exprnses herein sFxcificd, shail, at the
optian of the mortgaRee, and w~ithout notice to th~ m~rtqa¢or, be due and cnllectible it once bv foreclosurc ~r oth~rwix;
' and, except as to pro~etty wh~re such ~mvision is ~•mhibited b~• laa, urc~n c~mmencement of any forccl~sur~ or at an~ time
thereafter the mortRagee, as a matter of right, without considcrat+on ~f the ~aiue of the premises. nr a~hether the pfopcrty
is pcobablv insufficirnt to discl~arR~ the m~rtRaRe debt ~r is in danR~r ~f heinR I~st or remoced or iniured, :nd irrcs~xcti~~e
of the solvrncy er insnlvenc~ of the mortRaRor ~r th~ then ow•ner ~f said ~+remises. ind w•ith~ut n~ticc ro the moct¢zqnr or
;,i anv jxrson daiminR under him, shall be entitled at once to the ap~intment oF a recei~~er for said premises, to mllect the
rents, issuts ~nd probts ther~from during the pendenc~• ~f such f~reclosure, and tht ~+rrxeeds ~f 3aid recei~-ership sha!! tx
~
F applied bv said raei.•er towird the payment of the indebtedn~ss securcd b~• this m~rtQa~{e, ~r t~w•ard the pavmrnt of cuch
part of the judRment rendered thereon u mic rem~in unsatisfied after the sale ~~f vid presnists, or to rcpay to th~ mortqa~qte
an~ ad~~incements R•hich said mnrtRaRee ma}• m3ke after th~ mmm~ncement ~f f~recl~surc action f~r taxes. asstscmrnts,
insurance or oth~r charqes as herein pro~•ided, toRether w•ith +nt~rezt therrnn at the cam~ r.~te ac cjxcified in said nnte serured
~ hereb} on the princiDal therrnf after default and maturit~. and fram the pr~xe~ds ~f ca~~~ rer~i.•ershi~+ caid recei~•er ma~ make
- neressar~ repairs and ketp uid premius in proper c~nditi~n and rer~ir pen,~~nq wch vle. and ~+ae ~f) tascs znd usasmcnts
accrued or accruinQ or redeem fr~m saies thercfor ~nd ~a~• insurance ~•remiums necctun• t~~ kern sai,i Fremius in~urcd in
accordar.rt a•ith tht pro~~isinns of this m~rtRa~e, and ~a~ +~ther ~r~~er char~rc as h~rem ~r~~~•idni. ~~d }~~c the ~xf+~nu of
- the receivenhi~+.
~k Fn['RTEF.'.vTH: !n c~st this mortRa~e tx f~ral~aed hc a tuit in equin• ~nd the m~rt¢aRcc~ ~r~mia~s he u?Id t~ satisfy
~ a daret ~f fottclnsure, th~ ~r~ceeds ~f w~h sile sh~ll he a~{~tied at f~~11~~M•~~ Firer t~~ the ercxnscs incurre.l hetrund~r,
second, to a reisonabl~ attorr.t~•'s fee f~r wch ser.ices as mi~• be nects,an• f~,~ the c~~llecti~~n nf cai~i indehtedness and the
- f~rt~clocurc ~f this m~~rtRaRe: third, t~ the ~a~•m~nt ~f whate~er cum ~~r sumc the m~~rtqaqee mar• ha~e j~aid nr txtr•m~
iiable to p~v in urrti•inR out the terms and stipulatnms of this m+,rtKaF~. tuqcther w•ith intcrest th~rrnn: and fin;llt tn thc
- pa~~ment and satisEu.ion ~f said n~te Th~ halance, if am•, ~h~ll. unlea the C~~~urt decree ~therw•iae, he paid inM the rc~~~tn~
nf the C~urt h~t•inR jurisdiction ~f said f~ral~~sure suit. t~ ahide the further ~rder „f ~~id C~~rt
- FIFTEENTH~ 7?~at the mortRaqor is laR~fulh~ ccizcd ~f siid premises in fct timpk and has RrNx~ riqht and liwfu)
- authority to sell and com•t}• tht sa~ne, that the sime arc free frum ~ncumhrancec excepc as ~f~res~id. that ~t shill he laa~ful fnr
_ th~ mortR~Ret at all hmts, ~eacuhh• and quietl~ t~ enter u~m, ho1J. ~~ciup~• and eni~?c uid rremises ~nd t.•en~ p~rt therc~f,
that tht mortRiAor a•ill ~xecute or prcxure am• further naescary~ icsunnces ~f t~tle and d~es herehc fe~recer warrint Ren~ralh~ •
- tht tide to uid premises and will fnrc.•er defend the same a¢ainst the claims and dernands ~f all Fxrx.ns whcxnscx~-er, and
= the mortRaRor and th~ milcers of said note especiall~~ aqrce and declare ~h~t thc sc~uare estate of each ~f them, whether ~•ested.
continRent or in ex~ectancc, is hereEy c~n~•cyed and shall be b~~und fe~r the p~~ment of the debt hereby secured and each dots
= hereb~ exPresslv Raive, rclease and rclinyuish all riFhts and Exnefits ~~f am~ fi~xnestead, ip~raisement. ~xcmph~n ~r stay to
- which the}• may be cntid~d under the IiRS of the state ~n which said prcmiscs art sitwte. tngrthcr w~ith all dow~er or cuctesy
n~;ht., anJ .+ll ~ntcre.ts an~l cstatc~, st~tutur~ and ~~therw~.c an~1 ~~f c~rn~ n~turc wh.?iwrr~cr in aml t~~ said ~rcnuus
SIXTEENI'H: "I?~it tht Ri~~ing of R~ritten notice addressed to the Ow'O~fS Of fK<NtI of said premises or addressed to
the said owners at their !ut address actuillf• furnished to the mortRaRcc, or iddrcssed to the o~•ncrs ~t uid ~remises, and
rGt~r .
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