The URL can be used to link to this page

Home My WebLink About1405 „v r . i . . : : 1r~`~' ` • PROVIDED ALWAYB. and these preaents are upon theae exprea~ conditlona. that ii Mortgagor ehall pmmPUY PaY ~ Mortgageo One certsin promLssory,note , even date herewltti. metde b Agricultural Chemical Company in the original pr~ncipal amount of $50,000.~0 dated January 28. 1972, at 7'~96 interest with monthl~ payments of $600.00 starting April 5, 1972 qoing until February, 1977. , p~yable to the order of l~tortgsgee. aL 600 Florida Avenue - P. O. Box 1809, Tampa, Florida 33601 $75.00 documentary stantps attached to original note and cancelled. And untll fnll payment thereot. vr anq eztenatons or renewals thereoi. in whole or !n part. and payment oi s11 other indebtedness or 2iability tt~at may become due or owing hereunder and secured hereby. shall iaithfuny and promptlp compty with and pertorm ea,cL end every other wvenant and provlsion herein on the part of Mortgagor to be oomplied with and pertormed, then these presenta sball be void. Md l~iortgagor hereby covenants aa followa: To pay, with interPSt. said notp and any extensions or raiewala tbareol, in whole or in part. aad ali other indebtednesa or liability hereby secured, bowever created or eWdenced. promptly when the same respectively becomes due; to pay and/or dixharge aay other amounts. indebteMeaa ancVor liability that maq in the tuture become due. owing or outstanding trom Mortgagor to Mortgagee, however the asme may be or may hav e been coatracted, evidenced or accnied;. aad tbat this mortgage st?ail secure sll such amounts, indebtedness andlor liability to the eztent oi ~ 70 . 000. 00 oct~er amount~ due or to become due hereunder as herein spediicsd; to pay all taxes and asseasmenta levied or assessed upon said pmperty before the eame become delinquent, sad in no event to permit ssid pmp ertq. or any part thereof. to be aold !or non-psyment o! t~es or ~~~p ~ P~~Y ~ S~ ~P~ ~d ~ P~~• ~t os sufter no araate, impairment or deterloratlon thereof; to oomply atrictly with a]l laws and goveramentsl regulations and rules afiecting said propertq or its operation; to psq all taxea thst may be levied or aaaesaed on tbis mortgage or the moneya aec~red hereby. provided that in no event ehall the sa?ount paid on account d auch taues. together wlth the intereat pald on the indebtedness seca~red herebq. exceed U?e maximum interest rate allowed by Lw; to permit no mecl~anic's or other Hene arlsing either by contract or by law. which might be prior in Sen to the ~ien hereof. to be created or rest upoa all or say part o! atoresaid premiees or pmperty for ten days wlthaut the aame being paid or released. and.diacbsrge o! said pt+emfaes and property therefrom procured; and to pay ali eoste and expenses iiuurred or paid by Mortgagee in collecting the moneys hereby secnred or in enfordng or pmtect3ng the rlghta snd security of the Mortgagee here~mder. including ressonsble sttorneys' feea, in the event said mortgage aad note or other evldence o! llability be placed in the handa o! an attorney for boriection. Mottga~g~or further oovenants to keep the buildings, st:uctwres and other improvements now or hereaiter erected or plaeed on the premisea and oonstituting a part oi the mortgage security conatanUy insured againat ail loas or damage by lire in a aum not 1 = fUl.l insurable Va~~~ ~ lo~s or damage bq tornado or wlndstorm in a snm of not less than ~ ~u~ insurable value ~ ; . in insurance compeniea satiatadory to Mortgagee (but Mortgagee ehall not be liable !or the ~ insolvency or irnaponalWlitq al anq such oompaniea). and' to P~P~Y PaY all premiuau for such insurance. the polldes representin6 which ahall bs delivered to sad held by l[ortgagee as additional securitq for the paymmt ot the indebtedneaa snd ~ li~bllity ~ecur[ty hereby. AIl sums rEOOVerable on ~uy such ins unaoe polldea a2?aII be raade payable to Mortgagee bq a loas paysble cLnse aatisfactory to l[ortgsgee. to be attached to suc h polictea In tLe eveat any such insuraace poHcy shall e:pire durina the lite hereof. ~iortgagor agnees to pmcure and psy !or ren~wval thereof. with the above requiremeats, replacing such ~P~ P~~Y. and deposlt the aame vvith ldartgagee, together with receipta ahowing payment ia full of premiums theretor, ten daya prior to the expiratioa date of such pollcy. In caae o! los s l~ortgag~ee ia hereby authoriud to ~d,~ust and settle aay claim under any uch policy aad ][ortgsgee is authorized to oollect and receipt for any such insurance money and to aPPIY the aame, at Mortgagee's option. in reducti~ oi the inde~ hereby secured. whether due or not, or to sllow Morigagor to use such insurance money, or any psrt tt~ereor. in ~ing Uu damage o r reutoting the improvanents or other property without affecting ; the Hea hereof for the i~ill amount secured hereby. ~ It is turther ooreaanted that ~[ortgagee maq (but st~all not be obligated so to do) advance moneys that sdould have been ~ paid by Mostgagor hereunder in order to pmtect the Hen or securitq hereol~ and Mortgagor agrees wlthout demand to forthwith repaq such moneya. which amount shaII bear intereet from the date so advanced until paid at the rate of per cent~ per annum and shaU be oonaidered aa so much additional indeMedaese secured hereby; but no ps~yment by Mortgagee of anq such moneye ahall be deemed a waiver ot Mortgagee's right to declare We prindpwl sum due hereunder by reasoa of the ddault or ~~ioIation of Mortgagor ia auy oi hia covenants hereunder. Mortgagor further oovenants that granting any extenaIon or extensiona of the time payment ot any part or all of the total ~ indebtedness or liabilitq eecurM herebq. or taking other or additional security for payment thereoi. sball not atfect thia mortgage or the rigt~ts of Mortgagce hereunder, or operate as a releaee trom say liability upon any part a[ the iadebtedness hereby secured, under s~ny oovenant herein contained. It ia further oovenanted and made of the easence hereoi that in case oi detault for Hve daya in the performance ot any o! tLe oovenants herein on the part of ]~tortgagor. then it ahall be opttonal with Horigagee to oonsider all unmatured indebtedness or liabilliy secured hereby. at~d socrued intereat thereon, as immediaiely due and payable. without demand and without notice or declaration of ssid option, and Mortgagce shsU have the right torthwith to institute prooeedinga to eniorce the oollection oi ari moneys secured hereby and/or to foreclose the llen hereof. ; . i - It is furtLer atipulated and agreed by and between the partles that tbe Mortgagee aball heve the rlght to exercise aay option ~ or privilege herein given or r~erved and to enforoe any duty oi the Hortgagor at anq tiane wlthout furthcr or other uotioe regardleas o! aay prlor waiver by ldortgagec or detault of l~ortgsgor or delek~r by Hostgagee in exem.iaing aay rlgh~ opttan, or privilege or eaforcing such duty oi Mortgagor, aad no walver bq ~ortgag~ee of default of Mastgagor nor delay oi Mortgagee in exercisi~?g any rlghk Privfleg"e. or option or fn enforcing aqy duty at Hortgagor aba11 be deemed. held, or oonatrued to be a wsiver o! any oi the terms or pmvWons of thfa mortgage os ot aay subaequeat deta~ilL b~zo4 ~14Q4 ~ . _ - r~~ s:: , ~ t ~ ~ _