Loading...
HomeMy WebLinkAbout1250 , V~Y i~..~r_~. (~~.~.~„~~1~"_ DOIM ~V.~ tAUTI~~ The exercise of thc above rights shall in no manner afiect, impair, restrict~ dcl:?y or retard~ the mor'tgagec's right to (on•rlose this mortgage in case of de(ault. , 14. The mortg..R~ and the note secur~~d hereby shall be governed and construed according to the law•s ot the State of H lurida at the date of execution. IS. The ~~~ord "mortgafior" and the language o[ this instrumcnt shall~ where thcrc is more than one mort- g;?~or, t,e construed as plural, and all the covenants. agreements and other provisians herein set forth shall be joint and s~:veral; the w~ord "mortgagee" shaU be cortstrued as including ar?y law[ut holder of the note secured hereby; and both the ~eords "inortgagor" and "mortgagee" shall be construed as including the heirs, executors~ . administrators, successors and assigns of cach. 16. In the event the mortgagor should convey the premises described herein or any part thereof, prior to the payment in full of said note, or any renewal or eatension thereof, the legal holder of said note may at its option either forthwith or at any time prior to payment in full of said note, declare immediately due and payable fifty (50~) per centum of the unpaid balance of said note. 17. That mortgagor shall at all times work, prune, cultivate, ferti- lize, spray, dust, care for and maintain in a husbandlike manner according to the most approved methods of ailture all of the grove and orchard trees now on said premises or hereafter planted thereon, and shall protect said groves and orchards against loss or damage by fire by anaking and maintaining proper fire breaks in and around said groves and orchards in a good and workmanlike manner, and in the event that - the mortgagor shall default in the performance of any of the provisions of this paragraph the mortgagee may, without notice or demand ask for and obtain the appointment of a receiver for the protection and manage- ment of said security or may remedy such default, and carry out and perform all of the obligations of the mortgagor hereunder at the cost and expense of the mortgagor and paq the cost thereof, and the mortgagor hereby agrees immediately to repay to the mortgagee on demand any sums so paid, with interes~ thereon_ from the respective dates of such payments at the same rate as spec-if ied in the note secured hereby on the principal thereof after default and maturity, and all sums paid by the mortgagee with interest shall be a part of the indebtedness secured hereby and in default of immediate repayment thereof by the mortgagor the whole indebtedness secured hereby shall at the option of the mortgagee become due and payable forthwith without notice. The mortgagee shall be permitted to enter upon and inspect said premises at all reasonable times. 18. It is understood and agreed that mortgagor shall furnish to mortgagee such financial statements as mortgagee may require, but shall be limited to one statement each year. ' 19, The mortgagors, for themselves, their heirs, executors, administra- tors and assigns covenant ~vith the mortgagee, its successors and assigns, that at all times during the continuance of this mortgage, they arill pay interest on that certain f irst mortgage indebtedness to The Travelers Insurance Company of Hartford, Connecticut, evidenced by a Note in the sum ~ of ~80,000.00 and secured by a First Mortgage in like sum, such bearing ~ date of August 1, 1968, and ~ortgage being recorded in O. R. Book 1?2, ; page 2941, Public Records of St. Lucie County, Flori~ia, as modif ied in O. R. ~ Book 180, page ?09, and O. R. Book 236, page 2093, Public R.ecords of St. ~ ~ Lucie County, Florida, and to which the premises herein described are ~ subject; and will pay the personal debt thereby secured and will perform ~ all other covenants and conditions contained in said First biortgage. It ~ is hereby expressly agreed that any default in the performance of the terms and covenants of either the said above referred to First l~ortgage or this mortgage shall constitute a default in both, and the said mortgagee, its successors, or assigns may elect, without notice, that whole of the principal sum secured by said mortgages together with the interest thereon ~ shall become due andpayable forthaith, and may enforce payment of all sums ~ due under the terms of either or both of said mortgages by foreclosure or ~ otherwiee. ~ ~ ~ ~ ~ . C F i': ,r. ~ In Witness Whereof, thc mort~afior has duly signe¢~~s~~l~d~ar}~ executed this instrument in the presence ~ of thc subscribing w•itnesses, the day and year first aforesaid. ~j ~ Signed, sealed and dclivered in the presence of: _~R~~~Z~ERPRIS , IN . ~ C~ ~ C~~ ~ , _ - . ~ , L' _ - ~1~~~/a/ - ^i~ ~ ~ . ~ resi~de ~t ~ - - - _ I S ~ ~ t , r , ~iv~ual~ly ~ 6'-~~'~ - - - --(~..s.> ~ - s to all art es a~r~ha J nne Fetzer, dividually ~ ~fl~K238 ~~~E1249 - - _ w 3. : - - - - _ _ _ _ ~-.z2~ ~ ~ isR~ ~ # ~ ti; &T `€Fa~ a~}~~,:y '.~'-""3 _ ~ ; i.Y ~~c-, r"' n - _ ~ ~ ~ ; . ~ . _ . .