HomeMy WebLinkAbout3283 3. To pay ~11 ai~c~ sinyular the ,:_asts, chary~s a~id <~xpensis,
i~zcluding lawyer's fees, reasor.ably incurred or paid at any ti^~e by
~tort~.~a:~ee, its lee~al r:~prest~ntatives or assigns, because of the
fail~~r~ on the part of the said Mortgayor, its successors, legal
r~presentatives or assiqr,s, to perforrr,, con,ply with and abide l~y
~ach aiid every the stipulations, agree=.rents, conditions and covet~ar~ts
of sai.-~ pro~issory note and this deed, or either, and every sLich
~a~~c~t~nt sh~z11 ~~ear intere~ fro;~~ the date af said pay,r.ant at the rate
c.~ ` ~ per c<~nt , cer ann~i,~ .
4. ',^o ke`p th~ l~uildinys now or hereafter on said lai:d
insured in a s;~-~~ not iess than Fuli Insurabie Value, in a co~~;pany
or co~~oa.~ies to le approved by said 4':ort ~age~, ar.d the policy or
policies h~? d 2~y ~~~d ga_ya~:le to 5a1d !~ortgayee, its successors,
le~al repr,sentatives or assigns, a~~d in the ~~vent an}~ su~•. of r^oney
}~ero:- es pavat~,e undc~r such policy or poI icies ~ the ~iort -;ayee, its
sur~~ssors, ieqal representa~ives nr assigr.s, shall have the option
to r~reiv~ and apply the sama on accaunt of the indeY~tedness hereY;y
ser~_ired or to ner~it th~ Mortqagor to receive and use it or any
part t~iereaf for other purposes, without ~hereby waivi:~g or ii-:pair-
in~~ ac~v ~~..ity, 1 ~e7 or ric~ht ~inder or hy virtue o~ this mort:3age,
an~-? May place ~nd pay for sucl~ i?:surance or any part thereof
~•,ithotit kai~~ing or a~fectinq the option to foreclose or any rigl~t
n~reundAr, a~d ear.n and every such oay~:ent shall 2`ar interest
~ ra. th== ~~atn o~ sai~ pa j-~-ent at the rate c£ 9 per ~ent per annum.
5. ';c per~ it, co---~ir or siz~~er no waste, z~^Aairj:ent or
c~~teriorat~or, o,= sa~d ~rop~rtv or a*~y part thereof.
.'•iort~aqor covenants and agrees ~or so long as aii, or
anv part the indebtedness secured hereby re,r:ains unpaid to
nr~serv~, r~3ii:t3iT1 and care for the citrus groves upon the above
c~escribed ~rer.:ises, such care and maintenance to include cultivat-
i~g, sprayin~~, dustinq, pruning, fertilizing, watering, protection
agai:~st c?amaqe by frost and fire, r,.arketing of crops and replantiny
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oF tre~s ~.ah~:: needed, all to Y,e dor.e in a husbanc:-like manner and
in accordance ~.yith aaFroved :~~:ethods o~ grove culture, and agree
not to toR-k~or~ saic3 groves without the <<:ritten consent of the
holder of t~i l.,ortgage, provided further that upon the rai iure
~ o= the ~ort ~agor to fu~ ly co:rply with any or all Frc~~~isions of
t the arov~ cc~,enants, the holder of the indebtedness secured hereby,
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r in additior to all its other riqhts and remedies for treach of
~•o--~na~t~ i-~ this -~~ort;aqe contained, and in addition to its
riqht, hereby expressly given, to declare a default upon the ~reach
o* a:~y ~uch cov~nant, may, at its option, take such action as it
d~e•~s :;ecessary to pr~serve, -~.aintdin and c-are far the premises,
_ .~nd sazd hoider o~ s~_~ch indeY~tedness is hereby given full ri*~hts
;
~ o~ i~;r~s5 and earess to the premises securinq this loan in order
t~ ~~-ncF?r~'n~ ~-:aintain and care fcr svch premises for so long as
~ al i~r a:,y part of th~ indE~rt~dness secured hereY;y is unpaid, anc3
; an}.• r~aso-»t~le expense incurred by it in so doinq shall becor~~e part
~ ~f the ind~rtedr.ess secur~d hereby, and shall beco~:e i~~mediately
du:~ ar.cl ~~yaY:~le and shall Y_`ar interest at the rate provideu~ r~erein
"or ~-at~,r,~ o?~lig~tions, hawe~.er, it zs expresslv understood ar:d
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s?rutrs a sow~n. ~nat?+Ers-~r-uw, Mi~~, c~xio~
(305) 358b300
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