HomeMy WebLinkAbout1256 ~o ~aue and to ~old l~~e sam~. logel~~~r u,il~~ I~~e frnemenls. herec~ilamenls an~~ opp~ule-
IIpt1CPS 1~~~?~fo ~~~~ongin~, an~ l~~e r~nls, iss~ies an~ p~o~if~ Ihereo~, unfo I~~e mo?Igagee, in ~~e simplP.
T1~1~ 1~~~ morl{~agur rnrPnanfs u~ilh 1~i~ mo?fgngee I~~al ftie mo~lgagor is in~e~easi~~~y sPizpi~ oj said
land in (e~ cimpl~: Il~af li~p morf~aflor I~as ~~uod ?igl~! an~ lctivf ul a!ithority lo coni~ey said land as a(ore-
s~i~~; f~~at f~~e mo?tna~or u~i~~ ma~re suc{~ (u?ttier assurances lo perJPCf fh~ ~ee simp~e lil~e fo saie~ ~ane~ in fhe
mort{~aclc~ ac may ~easona~~y he requir~~: lhat fhe mo?IgaAor I~e?e6y ~u~~y u~arranls Ihe lit~p to sni~ ~an~
a?ul u~ill cl~(pr~d ~he same ag~inst !he law~ul claims o( all persoru whomsoeve~; and Ihat aaid land is ~ree
o~~d cle~r all encum6rances except those set forth in a warranty deed of even date
herewith between.the mortgagee, as grantor, and the mortgagor, as grantee.
}~rouided ~lways, ttia! i~ said mo?tgagor s{~cll pay unto said mortgngee the cerfain promis-
so.y not~~ a c~py of which is attached hereto as.Exhibit "A" and made a part hereof.
an~~ sl~~~~ p~•rJorm, ~om~~ly u~ith o~~d ~6ide Ly ea~l~ ancl e~~pry I/~e p(~?PP~IIPIIIS, sfipu~afions, condilions and
corPnanfs 1~~~rec?~, an~ o( I~~is mortgaqe, f~en I~~is mortgape ane~ !{~e PSIQEP /~en6y crpafecr, s~a~~ CPQSP, dt- i
le?min~ onc~ ~p nu~~ an~ roi~.
~~1~ morl a~or ti~n• !
1 g ~y jurl{~~r c-orenanls ancf a~~ees to ~~y ~~.o~~~ily whp~~ ~ue !tiP principa~ ant~
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inl~r~cl an~ ol~i~r cums o~ mon~y Nrovi~~~~~ ~or in saic~ nof~ an~ t~is morfgage, or PIIIIP~: fo pap a~~ an~ ~
S/IIq1/~QI ~~IP ~(1.\P5. (IS~~'SCI~IPII~C. ~PI'IPt. ~/ll~ll~1~1P5. O~)~igalions. ancl Pn~uml~rancps oJ et~ery nofure on SQi~ /1~0- ~
r~'/~V: 1~ p~rmif. commif or S11`rPr ~IO 11'QS~P, impnirment Or c~ct~riorafion ~o~ SQ1~ '~fl~ 01' ~~IP improi•~m~nls 4
~~~t•tf`t`Il (1~ (111\ (III1P; ~O ~~'F~) ~~1P ~111~(~1~i(~S ?tOU~ O~ ~IPlPO~~1'/ 0?1 tOlll ~AII(~ JII~~Y insure~I 1?1 lt SIIIII O~ ~10~ ~PSS F
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~ha~~ full market value------=---------------------------------------------------- ~
in n t•om~inn~• or compani~c ~~-~-~pln~~~~ io t~~e morlc~a,ryee. Ih~ ~Oltfy or po~iciPS to I~l~ hP~(~ Q~l(I ~)a)OF~IP ~
lo, sni~ mort~~~r~~r, on~l in 11~~ ~r~nf any s~m~ o( mon~y b~com~s pn~abl~ by i•irlue o( such insurance ttip
morl~ng~A sl~a~l l~ar~ IhP rinhl !o rM-~irP nnd ~~~ly II~P same fo fhe indpbtednnss I~prn6y spcu~e~~. ~ccounling
b f~i~ morlgar~or jor ~ny s~~rp~~~s; lo pay o~~ cosls, c~~~rges. ancl p.rp~?tsps. incluc~ing I~u~yrr~s ~~~s an~ lil~~
s~ar~~~~s. r~ason~~~~y in~-urr~r~ or pai~ ~y Iti~ mortg~g~e I)PCOtISP o~ l~~e ~ai~ure o~ f~~p morfga~or Io promplly
~nt~ ~u~~~ i•omp~~ yail 1~~~ a~r~r~n~uls, sfipu~alions, conr~ilions an~ cot~~nanfs o~ sai~I nofe an~I Iliic morlgag~,
or ~il~i~r: to p~~(orm. ~-om~?tv u~il~i nn~~ a~~i~~ ~~y ~n~~~ an~ ~r~ry I~~P a~reemenfs. slipu~~fions. conr~iiions ant~
ro~~rn~nlc s~f ~orl~~ i?~ c~i~ nof~ an~ fhis morfnagP or AiII~Fr. In f{~n rr~nt f~~P morlganor ~ai~s (o pa~• u•~i~n
t~ur ~ny f~x. ossi~ssm~n(. incurnnr~ pr~mium or olti~r sum o~ mon~y payah~~ ~~y rirh~e o~ saicr not~ an~ I~~is .
ntorl~~n~~r. or ~il~~~r. 1~~~ rnorlnan~~ mnV pay 1~~~ same, ~ailtiouf u~aii~ing or a~~~cfinc~ t~ep opfion fo ~or~~Iose
or any ol~i~•r ri~~~~! ~~rrnnm~~r, an~ a~~ su~~~ pa1'menls stiall hcar inlerPSt jrom c~ale l~ereo~ af ftie ~~in{~rst ~aw- i
(u~ rnl~ 1~~rn ~~~~owe~~'~y I~~e ~au~s o~ fh~ $[afv oj Florirla. .
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One-acre parcels may be released from the lien hereof upon the payment #
~ f 18 750.00 er acre for each acre to be released. Such releases shall s'
I o s , p ;
commence at the Southeast corner of the above described property and shall be ;
contiguous and shall proceed westerly. The property shall be released in no i
~ less than one-acre parcels or multiples thereof. Al1 prepayments made by the ~
~ Mortgagor for releases shall be applied against the next maturing principal ~
F ~ installroent due under the note which secures this mortgage, and all principal 2
~ payments made on sais note shall entitle the Mortgagor to the same releases ~
~ at the rates provided herein. The Mortgagor shall not be required to take i
~ releases when making mortgage payments but instead may reserve the right to ;
i
~ { said releases for a future time.
~
~ !?1c,rtgagor c ovenants end sgrees f'or so long as a I1 ~ or
~ a~i~~ p~~rt of the indebtedness secured hereby remains ~jnpaid. to
pr-e4erve~ mc+intain nnd care for the citrus groves i~pon the
above de9cribed premises. such care and maintenence to include
c~ilt.ivatinq~ spraying. dusting~ pruning, fertilizing~ ~
wateri~~g, protection againsl damage by frost and fire, _
marketinq of crops and replanting of trees when needecf,
~ all to be done in a~~usband-like manner aiid in accord- ,
~ ~nce with approved methods of grove culture. and agree • -
not ~_o Lc~p-work said groves wit{~out the written consent
~ of tf~p ~lortgegee. Provided. further that upon the fr~ilure
~ ~~f the rloi•tgagor to fully comply with an~• or All provis.ions
hereii~ contained, the holder of the indebtedness secured
e~ hei~eby, iil adciition to all other rights and remedies for
~ breach of COVQiIAIlt.S in this mortgage contained, and in
~ additio~i to its right, hrerby expressly given, to declare
~~let'ault ~~pon ttie breach of any siich covenant~ may et its
o~l i~i~ t.ake sucli aciion as it deems necessary to preserve.
ma i n ta i t~ r~nd cai-e for the premi ses ~ and s~ i d holder i s
~ hereUy given full rights of ingress and egress to the
~y premi QP4 encumbered hereby in order to inspec t~ preserve , ma i n-
~ ~Alll a~~d care for such~ premises for so long as all or an}'
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