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Home My WebLink About0455 ~ r~ .•.tii • ~ i 'ILis modgage is aude, howeva, subject to the following covrnants, conditions and agreements: FIRST: 'I~at the mo~tgagor hereby agcees and covrna~ts to pay the intcrat and prindQa~ hereby sccured ptoa?pt~Y ~rhea due and if default b~ made in any part thereof, or in the payment of any other mon~a ha~bY sccured. then the same shaH, ~vithout danand if anortgagee stull elat; become due and payable at once and the mortgagc may be foralosed in tht manner provided by law?. SECOND: 'Ihat the mortgagoc agrees to pay u ihe same become due and payable all taxa, issessinents. and othec chuges impose3 by law (induding ditch, canal, resetvoir, or aher waier c'nargcs, taxcs, a~se~mt~sts) uFaa s~id ' pteauses or any put theceof induding the mottgagee's iaterest therein and upon this moctgage or the note or indcbtednas setuced hereby, pmvided that s}wuld the anwunts paid for the mortgagee undet this pangraph tor such taxes, uses.une~ts ; and otha chuges together with the interest on the indebtedness cxceed the highest interat tatepc rmitted by law on the ~ indebtedness then owi~g, mortgagor s}ial) not be liable to pay any of wth eutess orer the highest lawful rate. In the event of thc passage, aftet the date hereof, of any law by the State of Elorida, dedacting from the value of land for the purposc of taunon any lien thereon oc changing in any way the existing laws for the taxation of mortgaga or debts secured by moct- gage for state or local pntposes, or the manner of the collection of any such taxa, so as to affect this moctgage, the holder of this mortgage and of ihe debt wrhich it secures, shall have the right to gi~e six (6) months' writtrn notice to the owner of said land reqmnng thepa vmrnt of the rntire indebtedness secured hereby, and it is hereby agreed that if such notice be givrn the ; said indebtedaas s6aU become due, and coltectible at the expiration of said six (6).months. 'fl-ItRU; 'l~at die moctgagor agrea to pay all o~her debts that are now or may become liens upon or charges against i said pranisa, and not to perm~t aay lirn of an~ kind to aarue and rcmain on said premises, or the improvements thereon, ~ which might take ptecedrnce over the lirn of this mortgage. The mortgagor further agrees not to create any lien on said ~ premises ~unior hereto unlcss the pcrson rntitled to the benefits thereof shall ha~e agreed that the time for th~ payment of the indebtedness h~reby secuted and the manner and amount of payTnent thereof and the bene6ts of the secunty afforded hereby ma', without conxnt of wch pecson and without any obligation to give notice of any kind thereto, be extended, reextrndcd, ucelerated, susprnded and refunded on an~ temu whatsoever w~thout in any manner af[ecting the priority of the lirn hereby created u secvrity for the payment of the indebtedness secured hereby or any obligation subst~tuted thecefor or issued to refund sune. FOURTH: 'I7~at the mortgagor agrees to keep said premises and improvements thereon in good condition and repair If and not to commit or su~er wute thereof; to operate all lands, whether improved pastures, orchards, grazing, timber, or ~ crop lands, in a good and husbandmanlike manner m accordance with acceQted principles of sound agricultural and forestcy ~ practices; to take all re~.sonable precautio~s to control wind and water erosion: to fertil~ze imptoved putures, if any, where ~ naasary to maintain a good stand of desinble grasses; to protect orchardi and timber, if any, by reasonable precautions ! against loss or daanage by fire including the maintenance of appropriate 6re breaks; and neither to remo~e nor permit the G removal of anq timber, buildings, oil, gu, mineral, stone, r«k, day, fcrtilizer, Rra~~el or top soil without the prior writtrn ~ ~ consrnt of the moctgagee. 'I~e mortgagee sha~~ ha~~e the right to inspect the moctgaged property at such reasonable times ~ and intecvals u the mortgagee may desire, to determine the mortgagor's compliance with the co~enants contained in any ; claase of this mottgage. ~ ~ FIF1'H: 'I7~at the mortgagor aRrees to procure, maintain and deli~•er, premiums paid, to the moctgagee policies of ~ ~ insurance against stxh hazuds on the buildings now or hereafter located on said premises as the mortgagee may from time . F ko !~e tequ+re, in such compar?ies and in wch amount and form and with zuch loss payable dauus u shall be satisfac- t ~ tory to the modgagee. '17~e mortgagee is authorized to assign and deli.er said policies to any purchaser of this mortgaRe or to the purchaser of uid premises at an' foreclosure sale. 1n e~•rnt of loss the mortga~;ee is expresstv authorized and em- powered to settle or compromise claims und~r said policies, and the proceeds from said policies as well u any other policia pcocvred by the modgagor shall be paid to the mortgagee who at its sole discretion may apply same or any pact thereof on ucount of the indebtednas secvred herebv whMher or not then due and pavab~e, or may apply the same or any part thereof towards the alteration, reconstrudion or repair of said buildings, either t~ the ~~rtion damaRed or any other ~dion thereof, or rclease same to the mortj~agor. Such application or releue shill nM cure or wai.e any default or notice of default here- ~ ~ under or invalidat~ any act done pursuant to such notice. SIXTH: "Ihat in tfie event the mortgagor shall fail to procure, mzintain and deliver the insurance pnlicies, premiiuns ~ prePaid, or to pay, u the same become due and payable, any tax or assessment imposed by law upon said rremises or an} s ~ part thereof, or the note, or indebtedness secured hereby, or to pay anp tien, claim or char~e against such premises which m~ght take precedrnce over the lirn of this moctgage or to comply with the pro~isions of paraRraph Fourth hereof, the modgagee mav, without notice or demand, insure any of the buildings and paY the cost of such insurance and pay any of sa~d Guces, assesunents, liens, claims and charges. or any part thereof, c~r redeem from the sale of said premises for any ta~ces or assessmrnts (irrcgularities in the levy or imposition of any tax or assessment beinR expressly waived), or rcdeem ; ~y from the uk of said premisrs raulting from the rnforcement of anv such lien. claim or charge, or expend such sums u . ~ may be necessarv to correct the failure of the mortqagor to comFly with the proa isions of said paragraph Foucth, and the mortgagor hereby agrees immediatelq to repay to the mort~aqee. without notice or demand. anv sums so oaid with interest ~ ther~on at the sune rate u speci6ed in the note secvred hereby on the principal therrnf after default and rtuturitv, and aU ~r; sums paid bv the mortgagee w~th interest shall become a p~rt of the indebtedness secured hereby, and in default o ~ immediate repavment thereo[ bq the mortgagor the whole indebtedness sec~red hereby shall at tfie option of the mortgagee become due and paqable forthwith without notice. SEVEN'fH: 'I~at in the event the mortgagor xlls or comcys said premises, or any poction thereof, or, if t ,~3 mortgagor is a corporation, sells, trades or disposes of morc than of its corponte stoc~c to persons other than ~ the present owners, their heits and qualified dirertors prior to the time the indebtedness secured hereby sha11 have been ~-z d' ~ s 0.00._._....,...~ ~rn, at the option of the moctgagee, the rntire said indEbtednas shzll become due and Payable. ` EIGHTN: 'I?~at the mortgagor agrees to pay on dem~nd all expenses and attorneys' fees incurred bq the mortgagee b' ~ ceason of litigation or lega) proceedinp,s in which the mortgagce is made a party to protect the lien of this modgage and all moneys so pa~d by the mortgagee, including any expense inc~~rred in procuring or continuing abstruts of tide and fitk politia and sdrching the records for the purposes of wch litigation, shall bear interest at the ume rate u sperihed in the a~x 2~0 455 ~ • ~ ~ - s r . , • - - ~ _ _ _ , . . _ _