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Home My WebLink About2572 : . . TO fiAVE ~?h'D TO tqLD, the sad p~.~ptrty, tosttbt~ v~ith all and tingular the rights, nxmbea, herediunKnts, and ' appuct~nan~rs thcreuato brkx~ u~ a m) r~sr ~PPz~~6. ~tu P~ty, its wc~rswrs and ass~gns. in fee simpk forever, and tust pactY htiebY bu~.is ~a~if ('tseln. his I~ts) htirs, exe.vaxs. admu?istraturs. succeswrs and assigns, to w~mnt and to~evrr defend said Pn~pc~t) uatu sea.~oad }wty. iu w:~-rswcs and uvgns. from and ag~inst ficst puty, the heirs, executors, a~nistat.xs. su~~s and assip~ fust Put? a~xi aU other pcrsons whwnwcvrr IawfuQy c{aiming or to daim. the sa~~e ot any p~art thereof. PROV~DED ALRAY'S. NEYERTHEL.ESS. ud it is tbt true intrnt and mzaninE of the partiei to these prese~ts, that if fust party sball P~Y, or cause to bt pvid uato se~vat party , its sucti~eswrs or usi~ns the toul indebtedness secured he~eby, whetl~e• evidrnood by aote fust above desu~bed. future adrance aotes• a ochecvrise. with interest thereon u aforesaid, and ~p t~. oo~~ditaas. ard corenanu aav~diu6 tu tbe true intent of said rate. any other instrument hereina[tet ~n ' referred to. and this mortp~e aad w? otl~er ~trw~eat se~'uring ~e Pust abov~e described or other instrument evidencing ndeb~adaas of fust party to sooond party, aad oomp~y ~th a9 the P~°~i°~~s °f ~ Farm Credit Ad of 1971 and all ameadmeats t6ere~o, aod writh t6e reEulatioos iswed aod tsat unY be iswed by the Farm Credit Adm:~uttntion, aU of which are l~ereby made a p~rt bereof, thea tha mort~,yye s6a~ oease. determine, and be utterty null and vuid; otherwise it shall ' ramia ei full fo~oe and ttfact- ~ FOR THE CO~SIDERATfOM AFORFSAID. fust puty coreaants n folbws= 1. First party is trr[ully seized of said property m fee ssnpk and tus a pertect right to convey sanx: there are ra encumbranoa or lieos ~?iutweMer an said Pro~r~Y ~~PS~- t at iu tion, to fust t, or one or ~ 11~a mort~e sha9 also seeure a~ future adraaoes made by ~ecw~d pu y, oP Pu Y more or all of tbem, is may be made dura~ t6e time authoriud by larv for such adranoe, PROVIDED TNAT THE ~1Aw~lUI~j A~IpUN(' SECUREp HEREBY SHALL 1~i0rI' AT MtY ONE TIiNF EXCEED THE PRINC[PAL SUM OF S 150, 000. 00 ~ plus oterai tb~rooe, and my disb~s~~s ~ fO~ ~ P~y ~t of tues, kYies or insurance on the pruperty oovered b) tbe liea of thu mortP~e, witA mte~t °p ~h d~b~~nts_ ta the evrnt of such adrana. the amount thereof slnli be added to tht mort~e debi_ ; 3_ It is f~tber undastood ud a~re~d by a/ P~ hereto that the eaecution b~ Pust putY and the acceptance by ~~t~, ~ i~~~ ~a a aher ~ents, or the a~eemrnt by seo~nd party to any reamortiutions, extensioas, deferments or other r~~an~unrsu a coat~mplated ~i° ~°Ot be°O~trued u payment of any ~t~ ~~y y~~~~, (~~be~ a oot, uoo~ othe~ dnn~es in ter~, tbe iate~est nte or ntes remain the same andJor time for paymrnt is thereb) extendcd a ksseoed). ~d shaR noi dKCt~arge the tiea of this mortg~ge qrhich u to remain ~ in fiilt foroe and efiect imt7 thr tot~t mdebtedness sec~aed hereby has been paid in full. All nota or other instruments ~ eontemphud hereia ~ ramin ~mrmce8ed aed io possestion of second party,its sucoessors and assi~ns, unW the total indebtedness hereby socured 'a pvid ia fi~_ ; 4_ Fiest puty ~~1 inwie aod kacp iasured u~y be roy~ared by seoond putY from time to time all gtoves and inw e ; orchards now on aid pcopaty or thu may 6ereafter be tb~reoa ~t bss or daRnge by tm, windstorm, hail, trost, freeze, - andjor othcr casuaity> and all bu~di~ no~r on szd p~op~rty, urd afl bWldinBs which may hereafter be erected thereon, agjinst iaas or damap~e by fge, bul. ~t~m, mdlor ott~er casualty, ~ sucfi fam, wKh amounts, and in such rnmpany or > b~ ntisfx-to~ to ye.,ood party, tbe toss, if aa~ , to be payabk to second party u its interest may appear at ; the time of the ioss. Fust p~uty `riU arli~es to seoood puty tbe policy or pdicia o[ insurance with mortgagee clause atwched thento satisfactory to socoad porty, ~d ral Pcompt47? W?' ~ due a!! pre~ums !o~ such inwrance. If any gove or orchard shatl be deurorod or dau~ed b? fee, wr~stotm. ha~7. fcoat, freeu, andlor other czunlty; the amount receired in settlanent of t6e bss or da~ may be apQtied at the aptioo of socond partY on such Part of the iadebtedness secured by this in~rument as smoad porty ma~ in iu soie d~etioa detec~ne_ [f any biriiding oa said property so insured stull be destroyed or daim~od, the amo~mt reaned m secdetoeat of tbc ioss or dumg~e any be applied at the opUon of fim puty to the reoo~strudioo oc rep~a of tbe buldin$ sa destra~od or dumsed, wbjeet to the regulations issued or that may be issued ~ tl~aeof or atal thereto; anY Portion of the procoeds not so . u~der the Fum Credit Act of 1971 a xts ame~datary t a ~ m iu sole discretion, may determine. ~ ~ vsed shall be apptied on the dzbt 6er~etr~ socuQCd ia such nrmner is seoond party, ~ ' 5_ ~ust puty v?~li prav, wt~en due and pa~~ble, aH taus, a~meuts and other chazges that may be levied or ~ a~ed a~ said pcoptrty, and all jud6u~eats and afl ott~ amounu that may be or beeome a tien thereon. 6_ First put} w:II teep m~ood oc~er and mndition, Prese*ve, snd repair, rebuild and restore all temces, buildings, groves, orchuds, fenoes, futiaes. shrubh~r~ and other impro~ements, of erery kind and nature, now on said land and heruf'ta e~rcted or piaoed t6ecron tlut map be destroYed or daw~ed bY fm, ~vindstorm ar oihecvrise, and will not permit the ~n~e, mlurY a remo~l tt~e~evf. wiIl nd aom~mt or pera~t wute on said land. and will not, except with the written ~m : oonsent of yeooo3 puty. cut, use or rcmo~e, or permit tbe ~vttin8, use ai nmo"at of, any timber or trees on said land for t~~e ot other um or putpc~ses, escept fa~ firevrvod and otl~er ocdinary fum purposes- First party will aLso ? presn~e and keep in Sood oc3rc and co~dition a~ uoa md timber aa~r and haeafter growing upon the said property, and will at alt times protect the trees an~l timb~er a~im~st bss or da~e by firt, aIl to the satisfaction of the second party. 7_ Fust party wrill at ail tuaes properig fertilize, adtirate. cue for, aad ~mintain in a productive condition all the ~ gtove and ord~ard trea no~r oo sa~d propert) or 6ereafter phnted tl~ereon, md wnll prs~tect the groves and orchards egainst bss or dum£e by fire b~ usaic~ uid maintainiu~ Pro~er faebreaks on and uound aid property, and by kceping unde~go~vth cvt, to th satisFaction of s~aood porty md serond pvrt~? is hereby autl~ociud and empowerecf to have appraisaLs - of said proQerty made by a l~d Bmk appra~es, or by others, at s~ times u second party. in iu sole discretion, maY desire. _ ~ ~ ~ ~ ~ ~t p~ty ~tei~r upon presenhtion of an itemized statemrnt thereof and = shall be s~aued by tha instrument- 8_ Tusr a of the es9enoe of abore rodted not~• thn ins~"~°t of any other instcwnent evidencing indebtedness seaued beceby _!f fust p~artt fa~s to oou~ ~rith mr s~reoant, oandition or agreement in this insvument, or in said aote. or in any reamortiutio+n, ~ear~al, d~fermeot. esteasioa a~reement or other instrwnent eviderring any indebtcdness ssarod hereby, 9econd party mar. at iu optioa, ezerdse ~y one or more of the Eollowing rights, powets. Pri`-ikses and remedies: (a) Perfam ~ny ooe or more of t1x °f fust partY ~~1°Stnmen±, in above recited note, or in any . othrr insuumcnt evideocin~ any iu~bebtedoess ~ed here~y, and aD su~ adranced by secor.d pariy in dving scr shall be due ud paYabk by f~rst part~ to scrand Q~artY immediateiy wittaut notice, and shall be secured by this • instrument, and sha0 bcu iaterest from tbe date of utrance by xcond pocty at the higixst rate Qrovided in any note « other ir~stnunrnt soaucd trcrtb~ - ~b~ podare ait amouou se~vrc~d b~ tt~a instruroent iminrdiatdy due and payabk vrithout notice. (c) prooad iRm~ediately to Corert~ose this mat~¢. and punue sad? otlxr remedies as may be authorized by law. 9_ As feuther sccvrrt) for tbe Wyme~~ o~ ~°Ot~ ~°~d and any other instrument evidencing • indebtednas secured hrnb~ and for the PerEo~~ae of aH the terrrs. conditions, and covenants of r~id note. said other insvuments and of tius mortp~e, first PutY 6aeby tcrosfers• a~• and seu over to seoond ~rty all of the aops sown or ' ~JRR~ P~SE~~ ~ _ . _ ~ - .a-~ _ : ~