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IN ADDITION, Mortgagor (as that term is defined herein) covenants and
agrees with Mortgagee (as tti.at term is defined herein) as follows: ;
(a) During the tertn of this mortgage, Mortgagor shall maintain
the orange grove on the real estate encwnbered by this mortgage and
shall impro~~e the grove, both consistent with good husbandry stan-
dards as practiced in St. Lucie County, Florida.
(b~ On this date James W. Piowaty, joined by his wife Deborah
J. Piowaty, has executed and delivered to Mortgagee herein a mortgage
on real estate that adjoins to the south the property encumbered by
this mortgage, said Piowaty mortgage being in the original principal
amount of $337,365.00. Mortgagor herein covenants and agrees with
Mortgagee that in the event Mortgagor of the Piowaty mortgage defaults
in any of the terms, provisions or conditions of said Piowaty mortgage
such default shall be deemed to be a material defaul.t of this mortgage.
aad shall duly. P~~PV7 wd tully periorm. dlichar8e. exerute. e![ect. complete. oomplr arttlr and ablde Dy each
aud ~vary We stipulatlaau. agreements. condiUons and covenanL oi asid pmirusiory aote and oi Wii mort8+~gs.
tl~m tbla ~ortgage and the eatate Aereby crested shall ceaee aad ee null ana void.
It is undar~tood th~t each o! the words. ••note.•• °mort8a8ar'• and "mortga8es•• respectivdy and the pron-
puns referring Weretor wbether ia the singular or plural wya?here 1n thl~ mortgage. sha11 be d~gulu if ~e only
and ahall D~ plural ~ointly and s~verWy. if more thau ana and shall be masculine. teminine aad/or neuter. wher-
ever the oonteoct w implia or a~dmlts.
Aad eald ~[oKga~or for bim~el! and his hetrs. legal npresentatives. succ~sson and as~las~. he•+eDy ooven-
a„~ „b ,,s~e. w.ua w~w wa Yo:cB.ga, r~p~~u~a. ~~•o~•~ ~;the above inserted
PrOi`~i~ a~ .~~t~a~ u~ p~~wi .na mi.en,c .oa cne ~ou. ana .~,nav .um. or mou~r arab~~ ~
~a~. or .~a p~..orr nota •aa w~ ~notc~e, s.cn .m a~rn. P~PUY on cb. a.r. nsr~c~~~y ~,e
•everally bsooa~ dw.
Z To pay W and dn~ular t2~e tiucea. asx~ments. levtea. liabW Uea. obii8atlons and it?cumDranoes of'~v~~
naturo and kind -now on ~atd described property. and/or that hereatter may be impwed. auifered. Placed.
or asse~ed tliereuPoa. and/or that hereafter may be levied or assessed nPon thjs mortgage and/or tha indebted-
nesa s~cnrd hereby. eacA aad every. when duetand Pacubrred- and~in~
sottar ~s~ yttAereo! is o[~record tl~u
sams
aad betore aay interest attacDes or anY P~~ Y •
shall bs promptly aatistled ar?d discharged ticiall ~endorsed or ce~rtified) ~shall be pleaced~ in th
hands ot~aaid
the taz rec~ipt or the saWfactioa PaP~ Y
Mortgagee within ten duY~ next after payment; and fa the event tha~
~~~~~~t o~affectAng
dUclurSed. aafd ][ortgagee maY at any qme pay the same or anY p
any option. Uen. equltY or right under or by virtue ot tDis mortgage. and the fall amount of each end every
wch psyment ehaU be immediately due and payable and -sh~~1 bear interest trom the date thcreof untll pald
at tAe rats ot ten per centum per annum and together wilh such intereat ihall be secund Dy the lien oi thL
mortgaEe.
To plsoe aud eontinuonsly keep on the bu~ldings now or hereafter ~ituats on safd land flrs a~?d wb?dstorm
ue
fnsurance In the nsual standud pollcy [orm, in a sum not leas ther~ i~•-•~~~---~5~~~~_~YS~in such com- -
pauy or comp^nles as m~y be apprnved by aaid MortgaRce: and all such insurence Po11du on any of sald Miild-
inga, anr lnterest therein or part thereof. fn the aRgregate sum atore~aid or 1n exoe+s thereot. shall oontain t1?e
usual ataadard mortqagee clause making lhe loa~ ur.der said polictea, each and every. psyaDle to said Hortga-
aee u hi~ interest may appear. and esch and e~~ery such policy sAsil be pron?PUy delivered to and hdd by said
a~renew~al ~thereotA~t
A ther with adreceiptafor the pnmium at~i~u h renewal~and
~there ushall tbe no sucht~nsur~
ance pLced on any of sald buildings, any interest therein or part thereot~.
lunl~e~n f~u~~ ~~i~
~e loss~
psysble u atoreaaid; and in the e~ent eny sum of money becomes PaY
l~[ortgagee ahall have the optlon to receive and apply the aame on ucount oi the fndebtednas aecured hereby or
to permlt said Mortga([or to recelve and ure 1t or any p~?rt tl~ereof tor othe~d ~~~d l+[ortgsgo
iha~11
or impelr[ng any equlty. ltan or rfght under or by Wrtua ot Wis mort8s8 ' ~y ot sald policiea ot
tor any reason tail to keep the said premi~ea so in+urcd. or faU to dellver promptly ~~r_
It~wranoe to sald Mort;a6ee. or tall prompUy to pay tully any premium tt?erefor. or in any respat
nw hereot. said 1lortg-
farm, di~cl~arge. execute. etiect. comPlete, compiy with and sbide by thls oovcnan~ or ~ny part
agee may place and psy for such tnaurance or any part thereof without wafving or atfecUng any optie
i lis~
equity or right under or by virtue ot thf~ mortgage, snd the tuU aq~ount ot each and every wch PaYm ;
bs immadlatelp due and psyable and ~hall bear int~rest ~rotn the date tbereo! unt11 patd at ths rate of ten per
oentuca per annum and together witA such interoat shall bs secured br We lien o! thf~ mottgaBe.
4. To pern?1t, commit ot sutter no waste, ~mpalrm~nt or deterfoe~tlon ot utd propsrty or anr p~rt thcred.
6. 1b pa~ a11 sad dnguiar the coet~. chugea and eapens~s. including nawaaWe lswye~~ fees and cwt ot
sbstncb oi Ut1e. incureed or pafd at anr tlme by sa1A ~Rortgasee beau~e and/or ~~taa
leNect, comP~ u.
on tba psrt ot th~ ~ald Mort~Bor W Quly. PromPUY and Nll~ Pertoem. di~har8~.
a
oompl~ w1W aad aDlde by eacL and eve*y the dipulatfona. a~reement~. oaditlons ~
as~d everY. shall bs lm-
~ut~ note. aod Wa mortga~a. an~ or eltber. and uid coeb. cUarBe~ and espen~.
aMdl~taly dw aud PU?~0. wbether or not tbere be novice. ~n?and. attemPt to oollect or sult pending: ru~d t!?~
fuD aerwunt o! each and every wch WYp'~ent ahall Mar fntereat ham th~ d~t~ tl~styoi uatll pald ~Mtb wcb !n
~.~.~:u
a~~?
~
Wn o ~nd ~sP~nw tacurna or paid, cosetb~r
aooK ~1 p~a z$78