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Home My WebLink About2982 t note secured hcreby on the principal thereof after defwlt and maturity, and any such sums so paid w~ith inte~est tlxreon shall constitute a lirn upon said premises and be secured by this mortgage and in default of immediate rcpaymrnt thereof by the mortgagor aftet demand, the wrhote indebtcdneu secured hcreby s1u11 at the optio~ of thc mortgagec bcrome due ' and pnyabk forthwith writhout notict. NINTI~~: 'll~at u furthec xcurity for the paymrnt of uid indebtedness and the perfornunce of all of the terms, co~rninta and conditions h~reof, tfie moctgagor does hereby mortgage, tnnsfer, s:; ovcr, assign and pledge to the mortgage~ the lessoi s intetest and estate in al! leases, ~ncluding but not limited to gas, oit and minenf leaus, now or hereafter a(fcciing the said premiscs or :nq pact thereof, and ~!1 rcnts, issea, income, profits, royalt;es and bonuxs due ind to become due thcre- unda, and in the event of a default under any of the t~mu, covrnants and conditions of this mortgage the mortgagce is ~ hereby authoriud and empow~ered to collect and receive all sach rrnts, iswa, income, pro6ts, royalties and bonuses due a~d to become due and to apply the same against uid indebtedness. So long, how~ever, u there shall be no default hereundet the rnorcgagor sha!! hive the nght to co1lcrt and rrceive any and a!1 such rrnts, issues, income,' profits, royalties ind bonuses u ' they respectively become due and payable, and to use the ume ~rithout accounting to the morcgagee therefor. ' TEIVTH: 'llut u furiher sccurity for the pa~ment of said indebtedness and the perfomunce of all of the temu. ~ cotrnints and conditions hereof the moctgagor does hereby mortgage, transfa, set o.•er, assign and pledge unto the mortgagee ' ~ ill citnu and other crops noa gro~vinR and hercafter grown on uid prcmises, hereby gia~ing and grantinq unto the mortRagee - a fint and ptiot lirn thercon, provided, however, thit such lirn shalt be and is h~reby expressly made subjert and subordinate _ to anv crop mortgage tovering any citrus crops which cor x into existcrxe br• bloom prior to foerclosur~ sale u provided _ by~ this mortgige or any a~nual crops planted prior to said forectosure ute, thc pro~~isions of paragraph Ele~~enth hereof n~t- ; w•~thstanding. Any such crop mortgage shall not how~eti•er he a lirn prior to this mortgage on any citrus crop cc~min~q into ~ be~ng by~ blootn subsequent to said foredosur~ s;le, or on any~ arinual crop plant~d subsequent to uid foreclosure sale. ELEVENTH: 'ihat the mortgagee may r~l~ax for s~ch consideratio~, or none, u it may require, any portion of the _ abo~e desctibed land without, u to the remainder of the security, in zny~vix impairing or affecting the lirns and priorities herein provided for the mortgagee compared to any suborciinate lienholder. _ TWELt~'I'H: T2x net proceeds of an~~ judgment, award or settltment in any condemnation or other prcxeeding for _ any dunaRe to the pmnixs, buildings or other bxtures thermn shil! be paid to th~ mortgagee and shall at its option, e~ther _ be applied u a credit on any portion of the unpaid balince of the note secured hereby, whether thrn maturcd or to mature ' in the future, or b~ rclrasc+d to mortgagor. THIRTEEIVT'H: That if the mortRagor shall default in the j+erformince of anq of the co~•rnints or aqreemrnts herein cor~hined, ot if an ow*ner of said prem;xs shall file a txt;tion seekin~q an irranqeme~t or composition or rxtrnsion or any = other rtlief under or pucswnt to the ~ederal Bankruptcy Act or any other similar stitute u now or hereafter in effoct, or shall be xdjudicated bankcuPt or insolvent or an~ of his propcrty shall ha~•e bern sequatered and such decree shill hi.•e = continued undixharged and unstafed for ninety diys ifter th~ rntrf• th~reof, the ~rttire indrbtrdnas h~rtby setured, includ- _ ing a!) pifinents for tues, assessmen!s, insunnc~ premiums, liens, attarney~s' fees and expenses herein specified, shall, at the = option of the mortgagee, and without notice to the rrx~rtqaqor, be due ind mllectible at once bv forecEosure or other.vix; and, except as to property vvhere such ~ro~ ision is prohibited by law, u~n ccxnmrnccment of any fareclosure or~tt an~ time therafte~ the mort,qagee, u a matter of right, R~ithout considcrition ~f the ralue of ?he premises, or whethcr the propcrty is probablv insufficirnt to discharRe the mortRagc debt or is in dan~er ~f heinR l~st ~~r re~nr~:ed or injured, and irrespecti~•e _ of the solvrncy or insol~encc oE the mortRa~or or th~ thrn owner of said premises, and without natire t~ the mortqaqor or an~ person daiminR undtr him, shall be entided at once to the ap~intment of a recei~•er for said prcmises, to colfect the rents, issua and profits therefrom durinR tht t~endencr of sach f~reclosure, and the pr~eerds of said receiti•ership sha~l tx _ ~pplied bv sa~d rccei~er to~vard the paymcnt uf tlx indebtcdness secured bv this mc~rtQaRr, c,r M.vard tfie pavmrnt of snch '=s part of the judRment rendered thercon as ma~ remain unsatis6ed after thc sak of uid premises, nr to rcpay tn the mortRaRee anv ad~ancemrnts w~hith said mortRiRee may makc after the ccxnnxncement c,f f~reciosure action for taxcs. isxssmrnts. = insunnce ot other tharqa as herein provided, to~th~r w•ith int~rtst therern at ~hc cam~ rate as sprcifie~d in said note secvted h~reb~ on tht principal thermf after default and matunh. ind from th~ ~+r~c~edc ~f caid recei~•ershi~ said ra~i.•er ma~ makr _ necessaro tepiirs and kctp uid premises in proper rnnditic~n ind repair ~•end~nR such sale. and pay ill tixes ind assessments atcrued ot acctuinR or redeem from sales thercfor and ra~~ insuranre ~•rcmiums necessar~• t~ keen said ~•remises incured in = accordance with tht pro~isions of this mortgage, and pay oth~r Fr~~+er charRes as htrein ~rrn•ided, and pi~ the cx~enx of ' th~ rccei~enhip ~O['RTFEVTH: in cax this mortRaRe be f~recl~sed b}- i suit in evu~t~ and th~ m~~rtqaRcd j?rmticn tx sc~ld t~ satisfy a decret of foreclcisure, the prcxect~c c,f wch sale shill tx a~~lied st f~~ll~w•s~ F~rct t~~ the exnenses incurrcY~ hereund~r; - second, M a reasonab[e attomer-'s fee for such s~nices as mi~ tx neressan~ f~~r the c~llec:inn of siid indehtedness and iht forerlasure of this mc,nRaR~: ehird, to tht ~+~~~mtnr ~f w~h~tr.tr ~um or sums the m~rtqa,qcY ma~• hi~•e paid ~r lxc~me _ liable to pay in carr}inR o~t the terms and stipulit~~,n~ ~f this mortqaRe, t~~qcther R•~th ~nterest thereon: and fina!!y to thc - pa~ment and satisfaction of said nott The balanc~, if an~, ~htll. unltct the C~~urt decree ~~therw•ise, hr ~aid int~ th~ re~istn~ ' ~f ihe C~utt harinR jurisdiction ~f uid f~re~ci~~wrc w~t. t~ ahide the further or.~tr ~f s~ic1 (~ciurt ~ FIFTEE;~TN- 'i?~it the :nortRaqc~r is law•fullc s~+zed nf said ~rem~us ~n fer sim~le and has Rn~~ riqht .~nd lawful authotity to ull ~nd con.•e} the sun~, that the sune xre fret fr~~m cncambrances ex~c~•t as afuresaid. that it shall tx liw•ful f~r tElt (ilOf~R7~l'~ 1t lII ttiMS, peuubi~ and quietl~~ t~ rnter u~~n, h~,ld. ~xcup~~ aod enj~~~ sa~d prcrri~xs and ~~~en~ part th~rrnf, that the mortRa~r ~vill exetutt or Prcxurc ~nv further nttcsurti• issuranccs ~~f t~t~r and does heret~r• f~re~-er aarrant RencraH~~ - th~ title to said prcmius and wiU forcr~r dcfend the same ~Qa~nst t1?e claims and Jcmands of slt ~xrsc~ns whexns~e.•~r. and the mortgaRor and th~ milcers ~f said note cspe~cially a¢re~t and declar~ ~hit the se~arite r~tate c~f each ~f them, w•hether ~ested. ~ continRent or ~n expectancv, is hercby c~m•eti•ed ~nd shall he hr.und fnr the p.~~msnt ~f the debt hereb~• secvred and cach does s" I1~tt~Y ~XPfrSSI~ a•aive, rel~ax and rc(inyuish all np,hts and henefits ~f .~m~ hczmccteid. s~praisem~nt, excmc~t~on ar sta~~ ~o which the}• may br entitfed und~r the laws of th~ s!atc en a~hich sa~d prcmises ~re siru~te, t~~grther w•~th ~l) d~wer or curtcs}• r~~;ht., anJ .ill ~nterr•ts rn~t estatr,, ~tatut~~n 3nd ~~therW ne ~n~l ~+f c~er~~ r~~turc whrt,.K•~cr ~n an~l tn said ~rrmi~cs SiXTFENTH ~ That tht Ri~•ing of w•nttrn nc~tice addresxd to th~ oa•ncrs af record of uid premises or addrtssed to _ tht said ow-nen at their lut address actually furnished to thc ~s?cmR~ge~, or addresxd to the owners at uid premisrs, and ,>3 _ li ~ ~`'l! ~ E,~~it?' 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