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4. That if any sum of money herein referred to be not promptly paid within twe~ty (20) ;
doys next after the some becomes due, or if each and every of the a9~eements, stipulations, ~
conditions and covenants of the notes abave refer~ed to and this mortgage, o~ eithe~, are not
fully petfonned, tF~en the entire wms mentioned in soid notes and this mortgage, or the entire
balance unpaid the~eon, shatl forthwith o~ thereafter, at the option of the mortgogees, become
and be due and paycbte, anything in said ~otes or herein to the conMary notwithstanding.
Failure by the mortgagees to exercise any of ti~e rights or options herein provided shal! not -
constitu~e o waivec of any righh or options under said notes o~ this mortgage accrued o~ there-
after accruing. - _ -
5. Upon each payment of ~37,500.00 principal reduction on EACH note, the mortgogon
shall be entitied to an eamed relecise from the lien of tfie pur+chase money mortgage of one lot.
The lots to be released in tfie fotiowing orcler. Lot 4, Lot 5, Lot 6 and Lot 7, of the wbject
propeHy.
6. lhat mortgagors wiit prese~ve, mcintain and care for the citrus grove now upon t~-ie
above described premises for as tong ds all or any part of the indebtedneu secured hereby
remains unpaid, wch care cnd maintenance to ihclude cultivating, sproying, dusting, pruning,
fertilizing, watering, profiection against damage by fire, ma~iceting of crops and replanting of
t~ees when needed, all to be done in a husbandlike manner and in acco~+dance with the proved
methods of grave culture, provided that upon the failure of the mortgagors b Fully comply with ~
the provisions of this cavenant the holders of the indebtedness secu~ed hereby, in addition b cll
other righh and ~emedies for breac~ of covenanh in this mo~tgoge cont~aiined, mortgdgees, may
at their option, roke such action as they deem necessary to preserve, maint+ain and care for
wch grove, and it is her~eby acknowledged, that the mortgagees will be given full ~ight of
. ingress and egress to the premises securing this ioan in orde~ to so preserve, rrwint~ain and care
for such grave for so tong os alt or any part of the indebtedness secu~ed hereby is unpcid, and
any reasonable expense incurred by them i~ so doing shall become part of the indebtedneu
secured hereby and shali become immediately due and payable and shall bear inter+est crt the
rate of ten percent (10°Yo) per annum.
IN WITNESS WFIEREOF, the said mortgagors have he~eunto signed and seaied these
presents the day and year first above written.
Signed, sealed and detivered
in the prss~nce of:
i :
~ } C (L.S,
• )
< Walter A. Dun, Jr.
~
~
, ' t~.s.,
Bar6ara A. Dun
STATE OF FLORIDA:
COUNTY OF ORANGE:
I HEREBY CERTIFY that on this day, before me, an officer duty authorized to take
acknowledgments in the State aforesoid and i~ tha County aforesaid, personeliy appeured
WALTER A. DUN, JR. AND BARBARA A. DUN, his wife, to me known to be the persons
described in and who executed the foregoing instrument, and tt~ey acknowledged before me i
that they executed the wme. j
WITNESS my hand and officiat seal in the County and State (ast aforesaid this 18th
day of September, A. D. i973.
(NOTARIAL SEAL) ~ ~ -
. Nof~ary Public, St~aite of Florida =
~ ~ My Commission Expires:
- =
:
V'. Nota~y Public, State of Fl~rida at Large
M y C ommissio n E x pires lui y 18, 1915
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