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Home My WebLink About1398 r ~ 'j ~ PROVIDED ALWAYS. and these presenta ue on this cxpress condition~ that if the said Mortgagor or his hein. legal rtpresentatires ar assigas shall well snd truly pay udto the Mortgagee, or his leqa! repreaentatives~ hei» and assigw. the sum~ of moaey hereia mentioaed~ snd We interest thereon as it shall become due. together with all cost~. charQes aad expenses, iactuding sbstnct fees snd a reasonable attoraey's fee ~rhic6 the Mortgagee may iacur or be put to ia colletting ( th~ aame by foreclosure. or otherwiae. said ind~btednesa being ea 1 es as follows. z~0~(~ (~ro Thousand--- ---and----l~o~~~s~~ _ ~ Pq~abl~ ~61.?6 (7~ Int-Prin.~ Sa. Manth Beg. Aug. 1~,72 aad any and all other sums of money which may hertafter be advanced to the Mortgagor, or which may now be owing directly or indireclly by the Mortgagor to the Mortgagee, Mwever ovidenced, and all sums which may hereafter. whiic this mortgage remains unsatisfied of record. become owing to the Mortgagee by the Mortgagor, including aay and all exteasions or renewais thereof, np to the sum of---•--.~.._---•--.....--------.....--•---------•--....---•••---•--------•••-------------••--•--•------ ) Dollars to be owing at any one time. plus interest thereon. then this Mortgage Deed and thc estate hereby created shall cease and shall be null and void. The Mortgagce is not obligated to make further advances to the Mortgagor hereunder. but may do so at its option. The note or notes or other evidence of debt now held by thc Mortgag~e or to be hereafter executed by the Mortgagor to the 1liortgagee. wheiher for future advances or otherwise, shall bear interest at the rate re- quired by the ~dortgagee until paid in full. The lien of this mortgage shall not be terminated or otherwise aSccted during the period of ten (10) yeus irom the date hereof by reason of repayment in ful1, one or more times~ of all indebtcdness then existing, unless this mortgage shalt be formalty released or discharged of record; if at any time duriag said tea (10) year period there shall be no indebtedeess owing by the Mortgagor to the Mortgagee and there shall exist no obligation on the part of the Mortgagce to make any further advances to the ~fortgagor, then the I~iortgagee will. npon request of the ~lortgagor, execute a full and complete satisfaction of this mortgage. AND the said Mortgagor~ for hitnself and his heirs, legal representatives or assigns. jointly and_s~verally covensnts ' aad agreea to and with the Mortgagee, and-his heirs. tegal represeatatives or assigns. that at the time of the ensaling and delivery of these presents he is wdl seized oE said prcmises in fee simple, aad has good right, fuU power and lawfnl aathor- ity to grant, bargain and sdl the same in manner and form aforesaid; that the same are free and dear of all liens aad en- cumbrances whatsoeva and that he will forever protect and defead the same against all lawfnl daims, and that he hereby fully warraats the title to said premises aad wiU defend the same against the lawfnl claims of all persona whomsoerer; that he will permit~ commit or su~er no wute~ impairment or deterioratson of said premiscs, and will keep t6e buildiags and improvements located thereon in as good condition as they. now ue. and in the event of damage to or destruction of any of said buildings. to repair, or replace the same forthwith and imm~diately ia as good condidon and of tbe same chancter of constrnetion as they aow uq and to keep all fruit trees. citrus trecs and shrubbery that are now or may hueafter bt located apon aaid premi'es~ property aad skillfnlly pruntd. fertilized, watered, spca~ed, cultivated aad protceted, it 6eing ' speci6cally stipulated and agreed tbat tbe failure and neglect so to do wiU constitutt wast~; and will do or permit to be j done to said premises aothing that may in aay way impair or weakea the security uader this mortgage; that he vniU pay ` unto the Mortgagee, his hcin, legal represcntatives or assigns the said promissory note--...-.-a:.d the interest on the sune as F it or they shali become dne and payable, past due interest to bur interest at the nte of eight (8) per cent per annum from i its dne date unti! paid, together with all costs, charges, abstract fees and expenaea, including attorney's fees. w6ich the said Mortgagee. his heirs. legal representa6ves or assigns may be put to or incur in collecting the same by foreclosure ot f otherwise; that the said Mortgagor wi11 in dne season pay all taxes. assessments and chuges' which may be levied upon j the said propertr nntil the indebtedness aforesaid shalt be paid. and that the asid Mortgagor, or his heirs, kgal represeu- ~ tatives or assigna~ wi11 ptomptly satisfy, pay and dischuge any and all mechanic's and material-mea'a liens, aad any and all ~ oth~r liens and any aad all judgments and decrees which may become licns and charges upon the premises above deacribed, ~ and will keep all bnildings that may at any time be on said premises duriag tht continuance of said .indebtedaesa~ in good f and first-class state of repair, and insured against loss by 6re and snch other huards as shall be required by the Mort- ~ gagee in snch company or companiea as the Mortgagee, his heirs, legal representatives or assigns may approre. for at least F fuil insurable value. which policy or polidea of insnnnce are to be iasned and maintained ia the name of the owner of t6e fee E simple tide to said property, and shall contain or have attached thueto u a part thereof a mortgagee clanse satisfactory to ~ said Mortgagee, aad providing for the paymeot of anr loas payable nader any of said policics to and ia favor of said Mort- gagee, suc6 policy or polides to be held by said Mortgagee, his heirs, tegal representatives or assiBns, and ia the e~ent aa~ i sam of money becomes payable nader snch policp or policies, the Mortgagee~ his heirs, legal representatives or assigns, shall ~ h~ve the option to receive aad appty the aame oa accovnt of the indebtedness hereby secnred, or to nse the aame in repair- ~ ing or replacing said premises to the condidoa thucof at th~ time of the e~cecution of this mortgage, or to permit tbe ! l~ortgagor to receive aad nse said money or anp put thereof for other purposes without thaebq waiving or impairing ~ any equity, lien or right uader and by virtue of this raortgaga i AND in case of the refasal or neglect of the said Mortgagor, his heirs, legal represeatatives or assigns to thps repair ~ or replace said premisea, ot to keep aaid premises insared as aforesaid, or to pay taxes~ assessmenta or eharges or to aatisfy ' and discharge the liens, judgments or decrees above mentioaed, then said Mortgagee, his heirs, legal representatirea or i aasigns may. at his option, make such repairs, procnrt such insnrance, or pay such tues, assessments ot charges or pay and ; dischuge such iiens, judgments o~ dectees, and it shall not be obligatory for said Mortgagee, hia heirs, legal represmta- } ti~es. or usigna to inquire into the validitp of taz usessments, tax deeds or spec.ial assessments or of sales under snch Wc ~ or speciaS assessmeat or to otheririse inquire iato the vstliditT of liens or mechaaics or material-men, or iato the naessity ~ ot- snch npaits, in ad~vandng money in that behalf as above mentioaed, bnt nothing hvein contained shall be cotuuned u requiring tbe said Mortgagee, hia heirs, legal representatives or assigas to advance or upend mone3? for tues or apecial i asaessmenb or for other pnrposes aforesaid. All modey thus paid shall draw intereat at the cate of tight (8) pu cent pec ~ = snnum. together with all reasonable attorne}~s fees~ costs. chugu, abstract fees and eapenus for foreclosure or other pro- ~ ~2a4 ~1397 ~ ~ .~3 _ y~~ ~ _ _ ~d~ . _ _k . _